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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 15 year mortgage vs 30 year paid off in 15 ### Answer: Consider the "opportunity cost" of the extra repayment on a 15 year loan. If you owe money at 30% p.a. and money at 4% p.a. then it is a no brai...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 15 year mortgage vs 30 year paid off in 15 ### Answer: Other people have belabored the point that you will get a better rate on a 15 year mortgage, typically around 1.25 % lower. The lower rate makes ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 15 year mortgage vs 30 year paid off in 15 ### Answer: I just wanted to point out that the most "leverage" for pre-paying occurs at the very beginning of the mortgage, and declines rapidly after that....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 15 year mortgage vs 30 year paid off in 15 ### Answer: Actually the extra payment comes off the back end of the mortgage. So technically the mortgage is ony reduced one month. However, banks always r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 15 year mortgage vs 30 year paid off in 15 ### Answer: Why won't anyone just answer the original question? The question was not about opportunity cost or flexibility or family expenses. There are no r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Put-Call parity - what is the difference between the two representations? ### Answer: Well, the first one is based on the "Pert" formula for continuously-compounded present value, while the second one...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why might it be advisable to keep student debt vs. paying it off quickly? ### Answer: There are several ways you can get out of paying your student loans back in the USA: You become disabled and the l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why might it be advisable to keep student debt vs. paying it off quickly? ### Answer: Liquidity Say you have $50k in student loan debt. You come into a large amount of money and throw $10k at it. Ye...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why might it be advisable to keep student debt vs. paying it off quickly? ### Answer: I have never double-answered till now. This loan can't be taken out of context. By the way, how much is it? What ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why might it be advisable to keep student debt vs. paying it off quickly? ### Answer: One of many things to consider is that in the United States student loan interest is tax deductible. That fact cou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why might it be advisable to keep student debt vs. paying it off quickly? ### Answer: A Tweep friend asked me a similar question. In her case it was in the larger context of a marriage and house purch...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why might it be advisable to keep student debt vs. paying it off quickly? ### Answer: There are a great number of financial obligations that should be considered more urgent than student loan debt. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why might it be advisable to keep student debt vs. paying it off quickly? ### Answer: I see two advantages to not paying student loan debt off more quickly: For #1, however, there are plenty of other ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why might it be advisable to keep student debt vs. paying it off quickly? ### Answer: If the interest rate on the student loan is lower than inflation, then the student loan will be "cheaper" the long...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why might it be advisable to keep student debt vs. paying it off quickly? ### Answer: Congratulations for achieving an important step in the road to financial freedom. Some view extending loan payment...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why might it be advisable to keep student debt vs. paying it off quickly? ### Answer: Two different questions: Is it better to be in debt or to pay off the debt? And: Is it better to have student debt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why might it be advisable to keep student debt vs. paying it off quickly? ### Answer: You become a teacher; generally K-12, but I have heard from the DOE that teachers at state schools qualify as we...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why might it be advisable to keep student debt vs. paying it off quickly? ### Answer: Like all other loan-vs-savings questions, it depends on the terms of the loan. If you have a choice, the usual ans...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why might it be advisable to keep student debt vs. paying it off quickly? ### Answer: I'm no financial advisor, but I do have student loans and I do choose to pay them off as slowly as I can. I will e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's The Best Way To Pay Off My Collections? ### Answer: If you can pay it then there's no need to involve a credit counselor. After all, their main role when you use them is to negotiate payments ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Rejecting a second hand car from a dealer under UK Consumer Rights Act ### Answer: Dumb Coder has already given you a link to a website that explains your rights. The only thing that remains is how to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can low volume move a stock price drastically? ### Answer: In a sense, yes. There's a view in Yahoo Finance that looks like this For this particular stock, a market order for 3000 shares (not ev...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is most time-efficient way to track portfolio asset allocation? ### Answer: I found that an application already exists which does virtually everything I want to do with a reasonable interface. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is most time-efficient way to track portfolio asset allocation? ### Answer: I want to mention I've found 2 options for more powerful tools that can be used to manage asset allocation: Advantages...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is most time-efficient way to track portfolio asset allocation? ### Answer: If you have enough assets at T Rowe Price, you get what I think is a scaled back version of the portfolio tracker for f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to find a good third-party, 401k management/advice service? ### Answer: Any fee based financial adviser should be able to help you. I don't think you need to worry about finding a 401K specific ad...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to find a good third-party, 401k management/advice service? ### Answer: Another option to a human advisor is FutureAdvisor, a web service that (if it supports your 401k plan) gives personalized al...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to find a good third-party, 401k management/advice service? ### Answer: The vanilla advice is investing your age in bonds and the rest in stocks (index funds, of course). So if you're 25, have 75%...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ask FBI permission to withdraw large sums from your checking or savings? ### Answer: Is it true you have to file papers with the government in the US to withdraw large sums of cash at your local ban...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ask FBI permission to withdraw large sums from your checking or savings? ### Answer: An international Outlook (in this case Sweden in European Union). According to laws and regulations large cash tran...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a way to roll over short-term gains and avoid capital gain tax ### Answer: If the investments are in a non-retirement, taxable account, there's not much you can do to avoid short-term capital...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can the U.S. government retroactively tax gains made earlier in the fiscal year? ### Answer: You're certainly referring to "Ex Post Facto" laws, and while the US is constitutionally prohibited from pa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I understand why investors think a particular company should have a high PE ratio? ### Answer: Does the company see itself expanding into new product lines or new territories? What is the curr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to spend more? (AKA, how to avoid being a miser) ### Answer: I spend hours researching two comparable products to try to save $3. Me too! I have also argued for hours with customer support to get ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to spend more? (AKA, how to avoid being a miser) ### Answer: The key question is this - What brings you happiness? How much is this behavior actually making you miserable? It's possible, and impo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to spend more? (AKA, how to avoid being a miser) ### Answer: Unless your stinginess has reach truly compulsive levels, it should be enough to consciously remind yourself of the value of your time ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to spend more? (AKA, how to avoid being a miser) ### Answer: There was a study last year -- it was all over the news -- that concluded that experiences, not stuff, is what makes people happy. The ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to spend more? (AKA, how to avoid being a miser) ### Answer: I agree with JoeTaxpayer's answer. The question you should be asking is not "how do I spend more" but "how do I become happier". From...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to spend more? (AKA, how to avoid being a miser) ### Answer: Do you plan a monthly budget at the beginning of each month? This might seem counter-intuitive, but hear me out. Doing a budget is, of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to spend more? (AKA, how to avoid being a miser) ### Answer: How much is your time worth This has been useful for me, judging things based on how much their time value is worth to me, weighted mor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to spend more? (AKA, how to avoid being a miser) ### Answer: It took me a very longtime to learn that I no longer need to live like a starving student... and even now I live like a well-off studen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to spend more? (AKA, how to avoid being a miser) ### Answer: @pyb is right - you should put an hourly dollar value on your time. Calculate a realistic number and keep it in the back of your mind....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to spend more? (AKA, how to avoid being a miser) ### Answer: here is what I have learned with multiple close encounters with bankruptcies: ask yourself.. what if I save vs what if I spend? say you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to spend more? (AKA, how to avoid being a miser) ### Answer: People who choose "good enough" (satisficers) tend to be happier than people who choose "the best" (maximizers), see link. So decide y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to spend more? (AKA, how to avoid being a miser) ### Answer: Hehe, I feel your pain.. well, 'pain' isn't really the feeling though is it. I was unemployed for several years when I was younger, an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to spend more? (AKA, how to avoid being a miser) ### Answer: Ultimately, money derives its value from being spend on a good or service. Investing it is an act of denying your present-self a good o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to spend more? (AKA, how to avoid being a miser) ### Answer: Time is money. If those hours spent researching to save $3 made you a better profit than you would have otherwise had buying the more e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to spend more? (AKA, how to avoid being a miser) ### Answer: Maybe minimalism is an option for you. Make your self clear what you really want You only buy what you really need and for that you spe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate Stamp duty of North Territory in Australia? ### Answer: The formula is actually as follows: (0.06571441 * V^2) + 15 * V, where V is the value divided by 1,000 which gives us AU$ 23,92...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How Does A Special Memorandum Account Work ### Answer: Here is another explanation of an SMA. SMA refers to the Special Memorandum Account which represents neither equity nor cash but rather a line o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How Does A Special Memorandum Account Work ### Answer: The Margin Account holds the funds that are MUST for any margin trades. Any funds excess of the MUST for margin trades are kept in the SMA accoun...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I can make a budget, but how can I get myself to consistently follow my budget? ### Answer: It's simple, really: Practice. Fiscal responsibility is not a trick you can learn look up on Google, or a se...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I can make a budget, but how can I get myself to consistently follow my budget? ### Answer: Do a monthly budget, unique to each month, before the month begins, spend all of your money on paper. Use en...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I can make a budget, but how can I get myself to consistently follow my budget? ### Answer: Switch to cash for a few months. No debit. No credit. This will help for two reasons: Once you've broken the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I can make a budget, but how can I get myself to consistently follow my budget? ### Answer: To me, this question is really about setting and meeting goals. The process is the same, whether it's about ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I can make a budget, but how can I get myself to consistently follow my budget? ### Answer: And remember, there's nobody but you that can do it - so the most important tool here is your determination ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I can make a budget, but how can I get myself to consistently follow my budget? ### Answer: Try a tool like mint.com that will send you text messages regarding how you budget is going. If you use min...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I can make a budget, but how can I get myself to consistently follow my budget? ### Answer: Assuming what is taking you over budget are not essential costs such as fuel bills, food, mortgage etc. you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I can make a budget, but how can I get myself to consistently follow my budget? ### Answer: Plan all your needs and put priority based on need & urgency. New Habit: Rethink. Rethink. Rethink. whenever...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I can make a budget, but how can I get myself to consistently follow my budget? ### Answer: Give all your money as well as your budget requirements to someone you really trust. Tell them to give you O...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I can make a budget, but how can I get myself to consistently follow my budget? ### Answer: Lazy man's budget. Four separate accounts for timing of expenses: short (monthly; utilities etc.), medium (...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will I, as a CS student, be allowed to take loans for paying the fees of Ivy Leagues? ### Answer: This article gives the very good advice to simply contact one of the schools in question and ask how t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will I, as a CS student, be allowed to take loans for paying the fees of Ivy Leagues? ### Answer: I would be surprised if a bank cared about an undergraduate major. Usually, such things are only impor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't a US state default, but a EU state can? ### Answer: But do you know about a US state risking to go default now or in the past? In 1847 four states - Mississippi, Arkansas, Michigan, and Flo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't a US state default, but a EU state can? ### Answer: US or EU states are sovereigns which cannot go bankrupt. US states have defaulted in the 1840's, but in most of those cases creditors were...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't a US state default, but a EU state can? ### Answer: But do you know about a US state risking to go default now or in the past? Ultimately, a US state could go into default. However, I doubt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: $200k in an IRA, unallocated. What's the safest investment? ### Answer: Note that long term you need to plan for possible inflation, so "a little bit of return" generally wants to be at least high en...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: $200k in an IRA, unallocated. What's the safest investment? ### Answer: if you don't intent to touch the money for 10 years or longer, then dumping 100% into a low-expense-ratio index fund seems like ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: $200k in an IRA, unallocated. What's the safest investment? ### Answer: The safest investment is probably a money market fund [originally I said a TIPS fund but they appear to be riskier than I had th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: $200k in an IRA, unallocated. What's the safest investment? ### Answer: Define "risk-sensitive": The point is, define Your risk, and your choices will narrow. Some investors worry more about what next...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: $200k in an IRA, unallocated. What's the safest investment? ### Answer: Your funds are in a retirement account. Withdrawals from your IRA will be penalized if you withdraw before you turn 59.5 years ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Basic Info On Construction Loans ### Answer: Construction loans are typically short term that then get rolled into conventional mortgages at the end of the construction period. Since the actual constr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Basic Info On Construction Loans ### Answer: Construction loans have an entirely set of rules and factors than mortgages and that's hard to reconcile into one instrument. Also, I'm guessing the bank ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Digital money pots? ### Answer: If you can live with managing the individual category amounts yourself, this is trivial. Just set up a spreadsheet listing each category (and a column for the total amo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Digital money pots? ### Answer: I guess it depends on your bank. My bank (Rabobank) recently did introduce this feature. You don't get a card per category, though. Instead you set up rules to match ea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Previous owner of my home wants to buy it back but the property's value is less than my loan… what to do? ### Answer: I would tell the former owner that you will sell him the house for you current loa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Previous owner of my home wants to buy it back but the property's value is less than my loan… what to do? ### Answer: I would not trust Zillow for an appraisal. The numbers I see on there vary a lot f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Previous owner of my home wants to buy it back but the property's value is less than my loan… what to do? ### Answer: How about doing a Lease Option with a very long term and a very early "option" for...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Previous owner of my home wants to buy it back but the property's value is less than my loan… what to do? ### Answer: It's a short sale. See these for good overviews: http://www.realtor.org/library/li...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Previous owner of my home wants to buy it back but the property's value is less than my loan… what to do? ### Answer: A short-sale seems like an extreme and unethical course to take. You should read ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Given a certain yearly savings, how much can I spend on a capital improvement? NPV of future cash flow ### Answer: This investment does not have a payback period as the net present value of your inves...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Given a certain yearly savings, how much can I spend on a capital improvement? NPV of future cash flow ### Answer: For this, the internal rate of return is preferred. In short, all cash flows need to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Given a certain yearly savings, how much can I spend on a capital improvement? NPV of future cash flow ### Answer: The question states :- Our insurance company is offering a 30% discount on an $8200/y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I deduct child's charitable deduction from my taxes? ### Answer: No, you may not deduct the charitable contributions of your children. The Nest covers this in detail: The IRS only allows you to de...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Looking for advice on rental property ### Answer: I think the first step is to be thankful that your relationship with this person has not degenerated into lawsuits and bickering. That would greatly ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Looking for advice on rental property ### Answer: You say that one property is 65% of the value of the two properties and the other is 35%. But how much of that do the two of you actually own? If yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Most effective Fundamental Analysis indicators for market entry ### Answer: Unfortunately, there is very little data supporting fundamental analysis or technical analysis as appropriate tools to "time...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Most effective Fundamental Analysis indicators for market entry ### Answer: I think by definition there aren't, generally speaking, any indicators (as in chart indicators, I assume you mean) for fund...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Most effective Fundamental Analysis indicators for market entry ### Answer: The three places you want to focus on are the income statement, the balance sheet, and cash flow statement. The standard mea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Most effective Fundamental Analysis indicators for market entry ### Answer: Fundamental Analysis can be used to help you determine what to buy, but they won't give you an entry signal for when to buy....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best source of funding to pay off debt? ### Answer: Thirty thousand in credit card debt is a "big elephant to eat" so to speak. But you do it by taking a bite at a time. One positive is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best source of funding to pay off debt? ### Answer: You can take a out loan against your 401k, which means you won't be penalized for the withdrawal. You will have to pay that amount back ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best source of funding to pay off debt? ### Answer: First of all a big thumbs up for Ben's answer. A few small things you can do to help you on your way. Hopefully you are not more in d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best source of funding to pay off debt? ### Answer: Please take a look a Dave Ramsey's Baby Step plan. It has all the details that you need to clean up your personal finance situation. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does it make sense to buy an index ETF (e.g. S&P 500) when the index is at an all-time high? ### Answer: Here is, from Yahoo Finance, the S&P 500 over the last ~60 years (logarithmic scale): The beha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does it make sense to buy an index ETF (e.g. S&P 500) when the index is at an all-time high? ### Answer: In other words, to a first-order approximation, the S&P 500 is always at an all-time high. I'm ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does it make sense to buy an index ETF (e.g. S&P 500) when the index is at an all-time high? ### Answer: In 1929 the Dow Jones Industrial Average peaked at roughly 390 just prior to the Great Depressi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does it make sense to buy an index ETF (e.g. S&P 500) when the index is at an all-time high? ### Answer: Being long the S&P Index ETF you can expect to make money. The index itself will never "crash" ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does it make sense to buy an index ETF (e.g. S&P 500) when the index is at an all-time high? ### Answer: The simple answer is: Where 'think' stands for "after your calculations, and guts/intuitions, a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why index funds have different prices? ### Answer: Price, whether related to a stock or ETF, has little to do with anything. The fund or company has a total value and the value is distributed among t...