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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I figure out how a stock's price would change after I buy shares? ### Answer: It is unlikely that buying 100 shares will have any effect on a stock's price, unless the stock's average trading ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I figure out how a stock's price would change after I buy shares? ### Answer: Stock price is based on supply and demand. Unless the stock you are looking to buy usually has very low volume tra...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I figure out how a stock's price would change after I buy shares? ### Answer: It is possible to figure out the next price. Just not for Joe Average. A stock exchange has a orderbook. This has ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I figure out how a stock's price would change after I buy shares? ### Answer: It depends on many factors, but generally, the bid/ask spread will give you an idea. There are typically two ways ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Steps to buying a home ### Answer: At this stage, I would think about education. You can attend open houses, and often times real estate agents and bankers put on seminars for first time home buyers....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Steps to buying a home ### Answer: Pre-edit, Pete mentioned that he feels real estate agents would (a) like you to buy as much house as you afford, and (b) would love to show you three houses and have...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When to trade in a relatively new car for maximum value ### Answer: To save the most money - don't trade it in, sell it to a private party. Dealers will always give you less, because eventually they'l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When to trade in a relatively new car for maximum value ### Answer: My suggestion would be to keep it. The value of a new car is that you get to drive it around when it's still new and shiny, and that...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When to trade in a relatively new car for maximum value ### Answer: I don't disagree with the current answers, but I feel like no one really answered your question directly. Seems to me like what you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When to trade in a relatively new car for maximum value ### Answer: Cars depreciate the most their first year after introduction. So you could buy a "new" car in year 2 for the optimal price, and at y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When to trade in a relatively new car for maximum value ### Answer: So this has been bugging me for a while, because I am facing a similar dilemma and I don't think anyone gave a clear answer. I bough...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When to trade in a relatively new car for maximum value ### Answer: I love giving non-answer answers. It will depend on you. Suppose you are embarrassed by driving older cars, your significant other...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who gets the periodic payments when an equity is sold on an repurchase agreement? ### Answer: The Wikipedia page for Repurchase Agreement has two relevant pointers on this topic: The legal title for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who gets the periodic payments when an equity is sold on an repurchase agreement? ### Answer: Repurchase agreements are a way of financing a security position. You have a collateralized loan where you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do dividend quotes for U.S. stocks include witheld taxes? ### Answer: No. As a rule, the dividends you see in the distribution table are what you'll receive before paying any taxes. Tax rates differ b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do dividend quotes for U.S. stocks include witheld taxes? ### Answer: The dividend quoted on a site like the one you linked to on Yahoo shows what 1 investor owning 1 share received from the company. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is your credit score related to credit utilization? ### Answer: 1 - yes, it's fine to pay in full and it helps your score. 2 - see chart above, it's calculated based on what the bill shows each mo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is your credit score related to credit utilization? ### Answer: Curious, why are you interested in building/improving your credit score? Is it better to use your card and pay off the bill complete...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Optimal down payment amount ### Answer: The optimal down payment is 100%. The only way you would do anything else when you have the cash to buy it outright is to invest the remaining money to get a be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Optimal down payment amount ### Answer: The optimal down payment is 0% IF your interest rate is also 0%. As the interest rate increases, so does the likelihood of the better option being to pay for th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a “retail revolving account,” and does it improve my credit score? ### Answer: In the other question, the OP had posted a screenshot (circa 2010) from Transunion with suggestions on how to imp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a “retail revolving account,” and does it improve my credit score? ### Answer: A retail revolving account is essentially a credit card offered by a store (or chain of stores) and usable only a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a “retail revolving account,” and does it improve my credit score? ### Answer: A retail revolving account is a more formal name for a general credit card. A revolving account is an account c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a “retail revolving account,” and does it improve my credit score? ### Answer: To add to what others have said, INSTALLMENT CREDIT is a stronger factor when building credit. An installment cre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Disputing Items to Improve Credit Report ### Answer: Disputing the remark seems unlikely to move your score, since it is just that -- a remark. It's hard to say whether the scoring models can/do read...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Disputing Items to Improve Credit Report ### Answer: A few points: The reason your lender is asking you to be above 580 is because that is the magic number for an FHA loan where your down payment woul...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wash Sales and Day Trading ### Answer: Great question! It can be a confusing for sure -- but here's a great example I've adapted to your scenario: As a Day Trader, you buy 100 shares of LMNO at $100, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wash Sales and Day Trading ### Answer: You are correct. She cannot claim the initial loss of $1,000 on her taxes, she can only report the $500 profit. However, the IRS does allow her to add the $1,000...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wash Sales and Day Trading ### Answer: Yes, an overall $500 loss on the stock can be claimed. Since the day trader sold both lots she acquired, the Wash Sale rule has no net impact on her taxes. The W...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages of doing accounting on your personal finances? ### Answer: In my opinion, every person, regardless of his or her situation, should be keeping track of their personal finances. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages of doing accounting on your personal finances? ### Answer: Everyone should keep track of what they spend. When you see how much you are spending on each category of expense, yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages of doing accounting on your personal finances? ### Answer: I recently made the switch to keeping track of my finance (Because I found an app that does almost everything for me)...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off my credit card online immediately or wait for the bill? ### Answer: It does not matter. Your credit score is affected by late payments, by credit usage and by age of credit. DO NOT PA...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off my credit card online immediately or wait for the bill? ### Answer: I am going to break rank slightly with the consensus so far. Here's the deal, it probably DOES help your credit sl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off my credit card online immediately or wait for the bill? ### Answer: I have money withdrawn near when the bill is due (not early at all) and my credit score is top-notch. It's far, fa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off my credit card online immediately or wait for the bill? ### Answer: If you carried a balance from the last month, then pay the card off as soon as possible. Otherwise I agree with @mb...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off my credit card online immediately or wait for the bill? ### Answer: It is COMPLETELY no use to pay earlier (during a billing cycle) to better your credit score! Your credit score gets...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off my credit card online immediately or wait for the bill? ### Answer: It probably doesn't matter since your credit and your checking are at the same institution, but I don't like to let...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off my credit card online immediately or wait for the bill? ### Answer: Theoretically there is always a time value of money. You'll need to keep your cash in a Money Market Fund to reali...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off my credit card online immediately or wait for the bill? ### Answer: I'm really going to go against the crowd here--paying it too fast could be a problem. The thing is you want them re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why bid and ask do not match the price at which the stock is being traded [duplicate] ### Answer: Assuming that no one else has hit the ask, and the asks are still there, yes, you will fill $54.55 as ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the stock market, why is the “open” price value never the same as previous day's “close”? ### Answer: What most of these answers here seem to be missing is that a stock "price" is not exactly what ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the stock market, why is the “open” price value never the same as previous day's “close”? ### Answer: Quoted from money.howstuffworks.com: NASDAQ has come up with an auction approach called the ope...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the stock market, why is the “open” price value never the same as previous day's “close”? ### Answer: A stock's price does not move in a completely continuous fashion. It moves in discrete steps d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the stock market, why is the “open” price value never the same as previous day's “close”? ### Answer: It's done by Opening Auction (http://www.advfn.com/Help/the-opening-auction-68.html): The Openi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the stock market, why is the “open” price value never the same as previous day's “close”? ### Answer: The simple answer: The opening price is the price of the first trade of the day and the closing...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the stock market, why is the “open” price value never the same as previous day's “close”? ### Answer: The two answers so far are right, but there's a third factor - for many stocks, there's after h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the stock market, why is the “open” price value never the same as previous day's “close”? ### Answer: Besides overnight news events and auction mechanisms there is a more fundamental reason the pri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the stock market, why is the “open” price value never the same as previous day's “close”? ### Answer: It's almost like why don't you wake up in the morning feeling exactly like you slept the earlie...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the stock market, why is the “open” price value never the same as previous day's “close”? ### Answer: It does sometimes open one day the same as it closed the previous day. Take a look at ESCA, it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the stock market, why is the “open” price value never the same as previous day's “close”? ### Answer: Prices reflect all available information. (Efficient markets hypothesis) A lot can happen betwe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the stock market, why is the “open” price value never the same as previous day's “close”? ### Answer: Nobody has mentioned the futures market yet. Although the stock market closes at 4pm, the futur...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the stock market, why is the “open” price value never the same as previous day's “close”? ### Answer: A stock is only worth what someone is willing to pay for it. If it trades different values on d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I pay off my private student loans that have a lot of restrictions? ### Answer: It's definitely NOT a good idea to pay off one of the smaller loans in your case - a $4k payment split across...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I pay off my private student loans that have a lot of restrictions? ### Answer: You might try to refinance some of those loans. It sounds like you are serious about minimizing interest expe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I pay off my private student loans that have a lot of restrictions? ### Answer: It doesn't make a whole lot of sense to save up and wait to make a payment on any of these loans. Any dollar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I pay off my private student loans that have a lot of restrictions? ### Answer: The one thing that I saw in here that raised a big red flag is that you said you "overpaid" on your interest....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I pay off my private student loans that have a lot of restrictions? ### Answer: Excellent question and it is a debate that is often raised. Mathematically you are probably best off using o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I pay off my private student loans that have a lot of restrictions? ### Answer: Are there any (monthly) administrative fees on those loans that are charged separately? If not, you should ju...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I pay off my private student loans that have a lot of restrictions? ### Answer: Not that I doubted everyone's assumption but I wanted to see the math so I did some spreadsheet hacking. I as...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I've got $100K to invest over the next 2 to 7 years. What are some good options? ### Answer: Given your timeframe, risk tolerance, and the fact that you don't need this money, I would suggest a balanc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I've got $100K to invest over the next 2 to 7 years. What are some good options? ### Answer: One of the things I would suggest looking into is peer-to-peer lending. I do lendingclub.com, but with a l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I've got $100K to invest over the next 2 to 7 years. What are some good options? ### Answer: Well, a proper answer needs a few more details: 1) What's your marginal tax bracket? (A CD is just plain si...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I've got $100K to invest over the next 2 to 7 years. What are some good options? ### Answer: I like precious metals and real estate. For the OP's stated timeframe and the effects QE is having on preci...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Lease vs buy car with cash? ### Answer: If you are talking straight dollars then leasing is always a losing proposition when compared with purchasing. The financial workings of leasing are so confusin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Lease vs buy car with cash? ### Answer: A lease is a rental plain and simple. You borrow money to finance the expected depreciation over the course of the lease term. This arrangement will almost al...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: P/E multiples for privately held companies? ### Answer: You're indeed right, this cannot be answered affirmatively. I will try, without going too deep in details, to brush a shallow portrait In its si...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do brokers make money from margin accounts? ### Answer: They will make money from brokerage as usual and also from the interest they charge you for lending you the money for you to buy your shares...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do brokers make money from margin accounts? ### Answer: Your broker will charge you commissions and debit interest on your "overdraft" of $30,000. However it is very likely that your contract with...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do brokers make money from margin accounts? ### Answer: nan ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Legal right to ask for someone bank records UK ### Answer: You might want to head on over to https://law.stackexchange.com/ and ask the same question. However from a personal finance perspective thi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I use put extra money toward paying off my student loans or investing in an index fund? ### Answer: First, I'd like to congratulate you on your financial discipline in paying off your loans and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I use put extra money toward paying off my student loans or investing in an index fund? ### Answer: From a purely financial standpoint (psychology aside) the choice between paying off debt and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I use put extra money toward paying off my student loans or investing in an index fund? ### Answer: Yes, it's a risk. To put it in perspective, If we look at the data for S&P returns since 1871...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I use put extra money toward paying off my student loans or investing in an index fund? ### Answer: Not all debt is bad. If it carries a reasonable interest rate, you don't need to clear it imm...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Selling a car with a lien ### Answer: You could have the buyer go to the bank with you so that he can get evidence that the loan will be paid in full and that the lien will be lifted. The bank won't s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can all these countries owe so much money? Why & where did they borrow it from? ### Answer: They borrowed it from the people, and typically to finance wars and military spending. For example, Wik...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can all these countries owe so much money? Why & where did they borrow it from? ### Answer: By the phrasing of your question it seems that you are under the mistaken impression that countries are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can all these countries owe so much money? Why & where did they borrow it from? ### Answer: Others have pointed out that the entities loaning money to the government are typically people and inst...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can all these countries owe so much money? Why & where did they borrow it from? ### Answer: Here is an overview of who owns US Debt from Wikipedia, it indicates that approximately 1/3rd of US deb...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there an online service that provides public company information through a public API? ### Answer: I don't know of any free API's for these data, but I'll provide what information I can. Compiling...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what point should I go into credit card debt? ### Answer: Financially, it simply doesn't make sense to go into debt here. It may be that living on credit cards for a while gives you a chance to rec...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what point should I go into credit card debt? ### Answer: Credit cards are a reasonable if relatively expensive tool to gain liquidity. If you have $50k in liquid cash, you don't have a liquidity p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what point should I go into credit card debt? ### Answer: You're situation is actually pretty solid except for the job part. I definitely understand the existential meltdown in your 30s. Luckily yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what point should I go into credit card debt? ### Answer: Borrowing money to pay living expenses will not last long. Also, banks and credit card agencies are very expert at detecting people who try...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shorting stocks: Indicators that a stock will drop? ### Answer: The Art of Short Selling by Kathryn Stanley providers for many case studies about what kind of opportunities to look for from a fundamen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shorting stocks: Indicators that a stock will drop? ### Answer: First utilize a security screener to identify the security profiles you are looking to identify for identifying your target securities f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shorting stocks: Indicators that a stock will drop? ### Answer: First, it's much safer to be shorting stocks over $5 than stocks under $5. I use 3 indicators to show that a stock has topped out and a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the USA, does the income tax rate on my wages increase with the amount of money in my bank account? ### Answer: I know that if you make more, you pay more, but do those who have more, not make mo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the USA, does the income tax rate on my wages increase with the amount of money in my bank account? ### Answer: besides accrued interest But that's important. one has $40,000 in their account and t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the USA, does the income tax rate on my wages increase with the amount of money in my bank account? ### Answer: You can call what you're asking about a 'wealth tax', or 'capital tax'. These are ta...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: To sell or to rent the house? ### Answer: So either scenario has about $10K upfront costs (either realtor/selling expenses or fixing up for rental). Furthermore, I'm sure that the buyers would want yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I make a small investment in the stock market? What is the minimum investment required? ### Answer: A rough estimate of the money you'd need to take a position in a single stock would be: In th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I make a small investment in the stock market? What is the minimum investment required? ### Answer: There are more than a few ideas here. Assuming you are in the U.S., here are a few approaches...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I make a small investment in the stock market? What is the minimum investment required? ### Answer: Many brokers offer a selection of ETFs with no transaction costs. TD Ameritrade and Schwab bo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are Canada Universal Child Care Benefit (UCCB) & related tax measures changing in 2015? ### Answer: The Child Care Expense Deduction (line 214) dollar limits will each increase by $1000, to new am...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: HELOC vs. Parental Student Loans vs. Second Mortgage? ### Answer: Thank God you have your child back, it is so awesome that you finally found a medical treatment that worked. It must have been a trul...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: HELOC vs. Parental Student Loans vs. Second Mortgage? ### Answer: I'd like to propose a 4th option: Let your kid(s) take out their own student loans, and then you can make payments directly to help th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: HELOC vs. Parental Student Loans vs. Second Mortgage? ### Answer: Debt is no fun. Getting out of debt to replace it with more debt is no fun. In both cases, you are making an investment in your child'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: HELOC vs. Parental Student Loans vs. Second Mortgage? ### Answer: First of all, I'm happy that the medical treatments were successful. I can't even imagine what you were going through. However, you a...