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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you quantify investment risk? ### Answer: Another approach would be more personalized, which is to measure the risk of missing your goals, rather than measuring the risk of an investment in som...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you quantify investment risk? ### Answer: The standard measure of risk is the variance of the asset. The return on investment of the asset is understood as a random variable with a particular d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you quantify investment risk? ### Answer: For a retail investor who isn't a Physics or Math major, the "Beta" of the stock is probably the best way to quantify risk. Examples: A Beta of 1 mean...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you quantify investment risk? ### Answer: I use two measures to define investment risk: What's the longest period of time over which this investment has had negative returns? What's the worst-c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there Cashflow Positive Investment Properties in the USA? ### Answer: Americans are snapping, like crazy. And not only Americans, I know a lot of people from out of country are snapping as well, s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there Cashflow Positive Investment Properties in the USA? ### Answer: I'm an Aussie and I purchased 5 of these properties from 2008 to 2010. I was looking for positive cash flow on properties for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to get the lowest mortgage rate on a new purchase? ### Answer: Purchase loans tend to be more challenging to get the best possible rate, because you have to balance closing the loan and getting th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to get the lowest mortgage rate on a new purchase? ### Answer: Start with the bank where you have your checking and savings account. They can streamline some of the paperwork, because they can see...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I distribute my savings? ### Answer: You need to track all of your expenses first, inventarize all of your assets and liabilities, and set financial goals. For example, you need to know you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I refinance a car loan into someone else's name so it can be their car? ### Answer: Your first step is to talk to the current lender and ask about refinancing in the other person's name. The le...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I refinance a car loan into someone else's name so it can be their car? ### Answer: The other person has to decide that they want to be wholly responsible for the loan, and they have to be able...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I refinance a car loan into someone else's name so it can be their car? ### Answer: I don't know of any way to "transfer" a debt to another person without their consent or the lender's consent....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are my best options if I don't have a lot of credit lines for housing loans? ### Answer: Rather than trying to indirectly game your credit score, I would instead shop around and see if there are ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are my best options if I don't have a lot of credit lines for housing loans? ### Answer: The short answer is, with limited credit, your best bet might be an FHA loan for first time buyers. They ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Better to rent condo to daughter or put her on title? ### Answer: Obviously you have done well financially in order to be able to purchase a condo for cash, presumably, without risk of your other obli...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Better to rent condo to daughter or put her on title? ### Answer: @Pete B.'s answer is good, but there's an important note to consider for tax purposes. It's too large for a comment, so I'm adding it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Better to rent condo to daughter or put her on title? ### Answer: By placing the property in her name, her share of it would also be considered an asset of hers should she ever be sued. If she gets ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why ADP does not accurately withhold state and federal income tax (even if W4 is correct)? ### Answer: ADP does not know your full tax situation and while the standard exemption system (actually desig...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why ADP does not accurately withhold state and federal income tax (even if W4 is correct)? ### Answer: I see several interesting statement in your question. A. my only income is from my Employer B. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Comparison between buying a stock and selling a naked put ### Answer: I sell a put for a strike price at the market. The stock rises $50 over the next couple months. I've gotten the premium, but lost ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Comparison between buying a stock and selling a naked put ### Answer: Yes, of course there have been studies on this. This is no more than a question about whether the options are properly priced. (I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Comparison between buying a stock and selling a naked put ### Answer: Why do all this work yourself? Pay a modest price to have a professional do this for you. Look at the tickers PUTX, PUTW. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Comparison between buying a stock and selling a naked put ### Answer: Option prices are computed by determining the cost of obtaining the option returns using a strategy that trades the underlying ass...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to improve credit score and borrow money ### Answer: No you should not borrow money at 44.9%. I would recommend not borrowing money except for a home with a healthy deposit (called down payment o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to improve credit score and borrow money ### Answer: I had to apply for an American Express card, which was also rejected. Then I had searched for a Marbles Credit Card Stop applying for credit ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: hardship withdrawal ### Answer: Gaining traction is your first priority. WARNING: as @JosephZambrano explains in his answer the tax penalty for withdrawing from a 401(k) can easily exceed the APR of t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: hardship withdrawal ### Answer: With respect to the 401(k). Before taking a hardship withdrawal, one must first deplete the ability to take any 401(k) loans available. This is a regulation. The 401(k)...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is the price of VXX determined? ### Answer: Generally, ETFs work on the basis that there exists a pair of values that can be taken at any moment in time: A Net Asset Value of each share in the fun...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it ever a good idea to close credit cards? ### Answer: Yes, it can be a good idea to close unused credit cards. I am going to give some reasons why it can be a good idea to close unused accounts, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it ever a good idea to close credit cards? ### Answer: It is an issue of both utilization and average age of accounts. If your cards with $0 balances on them are: A) newer cards than the ones you a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it ever a good idea to close credit cards? ### Answer: In your specific case, I would leave them open unless you have a specific reason for wanting to close them - particularly, unless you feel clo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it ever a good idea to close credit cards? ### Answer: In my own case, my credit score went up drastically after I closed cards. It did go down a bit (like 10 points) in the short term. Within 6 ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it ever a good idea to close credit cards? ### Answer: There is also security aspect. By reducing the number of active credit/debit cards, one significantly reduces the surface of attack. There is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it ever a good idea to close credit cards? ### Answer: There's no harm in keeping them open. Like you said, closing the lines will potentially hurt your utilization. The extent of that impact wil...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it ever a good idea to close credit cards? ### Answer: Assuming that a person has good financial discipline and is generally responsible with spending, I think that having a few hundred or thousand...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it ever a good idea to close credit cards? ### Answer: I'm not sure if someone else answered already in the same manner I will. I can't guarantee for sure if it's the same in the U.S.A. (it might s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it ever a good idea to close credit cards? ### Answer: The only good reason I find to close cards are: it's a card with an annual fee that you don't need. No point bleeding money each year. churni...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it ever a good idea to close credit cards? ### Answer: Credit scoring has changed recently and the answer to this question will have slightly changed. While most points made here are true: But now ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it ever a good idea to close credit cards? ### Answer: I'd say close them if they have fees, if you're worried about fraud or if you're going to be tempted to use them. It may have an affect on you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it ever a good idea to close credit cards? ### Answer: You mentioned you have a bunch of credit cards with no balance, while others have fairly high balances I would not recommend you to close the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to all of the options when they expire? ### Answer: Options that are not worth exercising just expire. Options that are worth exercising are typically exercised automatically as they expi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to all of the options when they expire? ### Answer: Firstly "Most option traders don't want to actually buy or sell the underlying stock." THIS IS COMPLETELY UTTERLY FALSE Perhaps the pro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I get a car loan before shopping for a car? ### Answer: You have a good start (estimated max amount you will pay, estimated max down payment, and term) Now go to your bank/credit union and appl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I get a car loan before shopping for a car? ### Answer: Yes, you are correct to go to the credit union first. Get approved for a loan first. Often, upon approval, the credit union will give you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stock prices purely (or mostly) only based on human action? ### Answer: Stock prices are indeed proportional to supply and demand. The greater the demand for a stock, the greater the price. If the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the median retirement savings in the United States today? ### Answer: Social security and pensions make up a big part of it. You may want to look at the source of the data. If a person, has ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the median retirement savings in the United States today? ### Answer: I find this very hard to believe Believe it. The bottom quarter of American households have negative net worth, and the b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the median retirement savings in the United States today? ### Answer: Note that the quote distinguishes between "all families" and "families with some savings" - this just means there are so m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the median retirement savings in the United States today? ### Answer: If you dig deeper and look at the original study, what's being measured is "retirement-plan participation": specifically, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the median retirement savings in the United States today? ### Answer: Statistics are often tough to grasp. Specifically, we need to understand the exact context and implication of the data and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Relocating for first real job out of college? ### Answer: Source: I'm recently (2 years) out of college (Info Sciences + Technology degree) Disclaimer: Speaking from limited personal experience (see a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Relocating for first real job out of college? ### Answer: If the job looks good, I wouldn't let having to relocate stop you. Some companies will help you with relocation expenses, like paying travel e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I Fundamentally Analyze this Stock so I may see if the Company is Running Well? ### Answer: a) Nothing would support this company going back to $.50 per share b) Fundamentally the market for th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off my mortgage, begin retirement savings, or build my emergency fund? ### Answer: Welcome to Money.SE. I will say upfront, Personal Finance is just that, personal, and you are likely to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal if I'm managing my family's entire wealth? ### Answer: I am not going to discuss legality, because with family members you are able to give a lot of guidance and assistance without running...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal if I'm managing my family's entire wealth? ### Answer: You are opening up a large can of worms with how you are doing this. In very positive years, you'll have taxes based on your income,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal if I'm managing my family's entire wealth? ### Answer: I agree that this is a "bad idea" but I want to add in one more reason. Let's pretend your family and you are ok with all the tax ram...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal if I'm managing my family's entire wealth? ### Answer: This is the biggest blunder I see in money handling. "Oh I'm a good person and everyone knows my intentions are good. And they're r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal if I'm managing my family's entire wealth? ### Answer: If you go through the web pages of some online brokers, you will find out that some of them allow you to manage friends/relatives acc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal if I'm managing my family's entire wealth? ### Answer: All the other answers posted thus far discuss matters from the perspective of US tax laws and are unanimous in declaring that what th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal if I'm managing my family's entire wealth? ### Answer: Assuming you and your family always get along and everyone is happy with the situation... Should you become ill, die, or go on govern...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal if I'm managing my family's entire wealth? ### Answer: There are two issues. The first is that you can manage all of your family's money. The second issue arises if you now "own" all of yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal if I'm managing my family's entire wealth? ### Answer: You can perfectly well manage their wealth without transferring their money into your account first. Just make them open their own ac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal if I'm managing my family's entire wealth? ### Answer: My answer is with respect to the United States. I have no idea about India's regulatory environment. You are opening yourself up to m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal if I'm managing my family's entire wealth? ### Answer: I transfer all their funds to my bank account Are they paying tax on that transfer? Gifts under $14,000 are excluded from taxation i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal if I'm managing my family's entire wealth? ### Answer: Aside from the fact that there are massive problems with taxes, liability, fiduciary responsibility, and (assuming you're accepting a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does stabilization work during an IPO? ### Answer: There are no "rules" about how the price should act after an IPO, so there are no guarantee that a "pop" would appear at the opening day. But whe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does stabilization work during an IPO? ### Answer: IPO's are priced so that there's a pop" on the opening day." If I were IPOing my company and the price "popped" on the open, I would think the un...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shared groceries expenses between roommates to be divided as per specific consumption ratio and attendance ### Answer: The solution to this problem is somewhat like grading on a curve. Use the consump...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shared groceries expenses between roommates to be divided as per specific consumption ratio and attendance ### Answer: Bren's comment is right on the mark. The typical solution is to divide all bills...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shared groceries expenses between roommates to be divided as per specific consumption ratio and attendance ### Answer: For a personal finance forum, this is too complicated for sustained use and you s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shared groceries expenses between roommates to be divided as per specific consumption ratio and attendance ### Answer: When I was in grad school (at an engineering school) my apartment-mates and I cam...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shared groceries expenses between roommates to be divided as per specific consumption ratio and attendance ### Answer: So your whole approach, and the attempt to scale this is flawed. You will aliena...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shared groceries expenses between roommates to be divided as per specific consumption ratio and attendance ### Answer: I asked how often grocery purchases are made in a comment, but I'm going to assum...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What exactly is a “derivative”? ### Answer: The basic idea behind a derivative is very simple actually. It is a contract where the final value depends on (is derived from) the value of something else...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What exactly is a “derivative”? ### Answer: A derivative is a financial instrument of a special kind, the kind “whose price depends on, or is derived from, another asset”. This definition is from Joh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What exactly is a “derivative”? ### Answer: A derivative in finance is simply any asset whose value is based on the value of another asset or based on the value of a group of assets. A derivative cont...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What exactly is a “derivative”? ### Answer: There are a few unsavory factors that have led to the creation of new derivatives: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Lost credit card replaced with new card and new numbers. Credit score affected? ### Answer: This will have no effect on your credit score. Even though your credit card account number is changing, it ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Lost credit card replaced with new card and new numbers. Credit score affected? ### Answer: The true answer is it depends because it is up to the credit card issuer to follow the right path when issu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between a bad/bounced check and insufficient funds? ### Answer: This may vary some by the state, but the general facts are consistent broadly. The elements of check fraud typica...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between a bad/bounced check and insufficient funds? ### Answer: Insufficient funds will cause a check to bounce. If there is evidence that you "kited" the check deliberately, th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between a bad/bounced check and insufficient funds? ### Answer: There is no difference they are both insufficient in 1 form or another.Bad slang for any check the bank won't cas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Possible to use balance transfers to avoid interest with major credit cards? ### Answer: In theory, yes. In practice: So it can be gamed, but the odds are not on your side :) ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Possible to use balance transfers to avoid interest with major credit cards? ### Answer: I have done this for years and have been quite successful at it. Two reason I even need to do this - desire to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Possible to use balance transfers to avoid interest with major credit cards? ### Answer: IMO, it's a good deal. Pre-paying 3% interest is better than accruing it at 1-2% per month. The other nice thin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Possible to use balance transfers to avoid interest with major credit cards? ### Answer: Sure of course you can do balance transfers like this but you are way late to the party and it has gotten to be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to make quarterly returns in hedge funds? ### Answer: Your edit indicates that you may not yet be ready to get heavily involved in investing. I say this because it seems you are not ve...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My company didn't pay taxes on my behalf ### Answer: Many a time even if the tax is deducted and paid by the company it does not reflect as a credit against your PAN for various reasons like, you not ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should we prioritize retirement savings, paying down debt, and saving for a house? ### Answer: It all depends on your priorities, but if it were me I'd work to get rid of that debt as your first p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should we prioritize retirement savings, paying down debt, and saving for a house? ### Answer: The advice to pay off near-7% debt is tough to argue against. That said, I'd project out a few years ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should we prioritize retirement savings, paying down debt, and saving for a house? ### Answer: Pay the debt down. Any kind of debt equals risk. No debt equals no risk and a better chance to have t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Did basically all mutual funds have a significant crash in 2008? ### Answer: In 2008, the S&P was down 37%. I love charts that show sector performance by year, as it helps show that 2008 wasn't like ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Did basically all mutual funds have a significant crash in 2008? ### Answer: I will solely address your fear because from what I read you fear investing in something that could possibly go down in the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Did basically all mutual funds have a significant crash in 2008? ### Answer: The literal answer to your question is that a number of different types of mutual funds did not have significant downturns ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you go about buying a house directly from an owner? I.e. no broker involved? ### Answer: You don't have to use an agent (broker, as you call it), but it is strongly advised. In some counties la...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the disadvantages to borrowing money for energy conservation measures / solar panels? ### Answer: If you sell the property before the ten years are up, the panels might have declined in value...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the disadvantages to borrowing money for energy conservation measures / solar panels? ### Answer: Depending on the details of your solar panel setup, the monthly savings may change depending ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Optimize return of dividends based on payout per share ### Answer: What you're referring to is the yield. The issue with these sorts of calculations is that the dividend isn't guaranteed until it's d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Optimize return of dividends based on payout per share ### Answer: The term you're looking for is yield (though it's defined the other way around from your "payout efficiency", as dividend / share pri...