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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the equation for an inflation adjusted annuity held in perpetuity? ### Answer: Let P denote the amount of the investment, R the rate of return and I the rate of inflation. For simplicity, ass...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the equation for an inflation adjusted annuity held in perpetuity? ### Answer: EDIT: After reading one of the comments on the original question, I realized that there is a much more intuitive ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the equation for an inflation adjusted annuity held in perpetuity? ### Answer: The question lacks specificity, i.e. when does the initial investment occur, now or one period from now? If now ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's a reliable way for a non-permanent resident alien in the USA to get an auto loan? ### Answer: I don't think that they ask you for your citizenship status when you apply in a dealership. At leas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's a reliable way for a non-permanent resident alien in the USA to get an auto loan? ### Answer: I took @littleadv 's recommendation that online apps only ask for citizenship due to post-9/11 legi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's a reliable way for a non-permanent resident alien in the USA to get an auto loan? ### Answer: You have figured out most of the answers for yourself and there is not much more that can be said. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's a reliable way for a non-permanent resident alien in the USA to get an auto loan? ### Answer: From personal experience (I financed a new car from the dealer/manufacturer within weeks of graduat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: To use a line of credit or withdraw from savings ### Answer: No one can really answer this for you. It is a matter of personal preference and the details of your situation. There are some really sma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there Investable Real Estate Indices which track Geographical Locations? ### Answer: Yes. S&P/ Case-Shiller real-estate indices are available, as a single national index as well as multiple region...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there Investable Real Estate Indices which track Geographical Locations? ### Answer: Not to my knowledge. Often the specific location is diversified out of the fund because each major building com...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trouble sticking to a budget when using credit cards for day to day transactions? ### Answer: Discipline. If you have to have a hard limit on your account that prevents you from spending - credit card...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trouble sticking to a budget when using credit cards for day to day transactions? ### Answer: I am like you with not acknowledging balances in my accounts, so I pay my credit card early and often. Mu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trouble sticking to a budget when using credit cards for day to day transactions? ### Answer: Do yourself a favor: calculate the price of airfare, calculate how many points it takes to get a good flig...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trouble sticking to a budget when using credit cards for day to day transactions? ### Answer: If you keep going over budget with your credit card, then stop using the credit card. If you plan to pay o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trouble sticking to a budget when using credit cards for day to day transactions? ### Answer: First of all, I have to recognize up front that my "spending personality" is frugal. I don't recreational ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trouble sticking to a budget when using credit cards for day to day transactions? ### Answer: You can fairly simply make a spreadsheet in your favorite spreadsheet application (or in Google Docs if yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trouble sticking to a budget when using credit cards for day to day transactions? ### Answer: Similar to what Adam F says above, except instead of just transfering the amount you spend on the credit c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trouble sticking to a budget when using credit cards for day to day transactions? ### Answer: The trick to using a credit card responsibly is accounting. With your old system, you were paying for ever...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trouble sticking to a budget when using credit cards for day to day transactions? ### Answer: Easy... Use cash, or keep a ledger. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trouble sticking to a budget when using credit cards for day to day transactions? ### Answer: As long as you can be trusted with a Credit Card i find that if you have a setup that uses three accounts:...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trouble sticking to a budget when using credit cards for day to day transactions? ### Answer: In your comment in response to this answer, you said that your biggest issue is oversight, which you can d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: To pay off a student loan, should I save up a lump sum payoff payment or pay extra each month? ### Answer: As a new graduate, aside from the fact that you seem to have the extra $193/mo to pay more to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: To pay off a student loan, should I save up a lump sum payoff payment or pay extra each month? ### Answer: If the savings rate is the same as the loan rate, mathematically it doesn't make any differen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: To pay off a student loan, should I save up a lump sum payoff payment or pay extra each month? ### Answer: If you pay extra now you will pay less in interest over the life of the loan. Unless your sav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: To pay off a student loan, should I save up a lump sum payoff payment or pay extra each month? ### Answer: There are a few ways you can go about paying this off quickly (and safely): You could start p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: To pay off a student loan, should I save up a lump sum payoff payment or pay extra each month? ### Answer: As someone in the very same position as you here is what I suggest: Have $1,000 for each poss...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: To pay off a student loan, should I save up a lump sum payoff payment or pay extra each month? ### Answer: The interest accrues daily based on the amount you owe. The less you owe the less the daily ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: To pay off a student loan, should I save up a lump sum payoff payment or pay extra each month? ### Answer: Just one more thing to consider: a friend of mine had some student loan debt left over from g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: To pay off a student loan, should I save up a lump sum payoff payment or pay extra each month? ### Answer: Simply, you should put your money into whatever has the higher interest rate, savings or repa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should the poor consider investing as a means to becoming rich? ### Answer: Definitions are in order: These definitions are important. Someone making 1,000,000 a year who spends all of it is poor. So...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should the poor consider investing as a means to becoming rich? ### Answer: Given that a poor person probably has much less to invest, how can odds be in their favor? To add to Lan's great answer, if...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should the poor consider investing as a means to becoming rich? ### Answer: What could a small guy with $100 do to make himself not poor? The first priority is an emergency fund. One of the largest e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should the poor consider investing as a means to becoming rich? ### Answer: Yes, you can indeed become rich by investing even small amounts over time. Let's say that you begin with nothing invested, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should the poor consider investing as a means to becoming rich? ### Answer: Investments earn income relative to the principal amounts invested. If you do not have much to invest, then the only way to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should the poor consider investing as a means to becoming rich? ### Answer: A cautionary tale: About 25 years ago I decided that I should try my hand at investing in some technology companies. I w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should the poor consider investing as a means to becoming rich? ### Answer: What could a small guy with $100 do to make himself not poor To answer the question directly, not much. Short of investing ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the meaning of “short selling” or “going short” a stock? ### Answer: This is a gross simplification as there are a few different ways to do this. The principle overall is the same though. To s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the meaning of “short selling” or “going short” a stock? ### Answer: Rich's answer captures the basic essence of short selling with example. I'd like to add these additional points: You typica...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the meaning of “short selling” or “going short” a stock? ### Answer: The 'normal' series of events when trading a stock is to buy it, time passes, then you sell it. If you believe the stock wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the meaning of “short selling” or “going short” a stock? ### Answer: The reason for selling a stock "short", is for when you believe the stock value will decrease in the near future. Here is a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: stock option grant being cancelled because strike price greater than FMV and replaced with a new grant at a higher strike price ### Answer: What could the tax issues with the IRS be? I thought (but no...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: stock option grant being cancelled because strike price greater than FMV and replaced with a new grant at a higher strike price ### Answer: Both you and the Company were probably benefitted by this de...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does compounding of annual interest work? ### Answer: The general concept is that your money will grow at an accelerating rate because you start getting interest paid on your returns in addition t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does compounding of annual interest work? ### Answer: Here's how I have worked it out. Different answer to the one expected. Pretty sure it's right though. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can zero-coupon bonds go down in price? ### Answer: Of course it can. This is a time value of money calculation. If I knew the maturity date, or current yield to maturity I'd be able to calculate the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can zero-coupon bonds go down in price? ### Answer: Certainly, yes, a zero coupon bond can go down in price. If interest rates rise before your bond matures, the price of the bond will go down – and t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can zero-coupon bonds go down in price? ### Answer: Let's say today you buy the bond issued by StateX at 18$. Let's say tommorow morning the TV says that StateX is going towards default (if it happens...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Opening 5 credit cards at once with no history to ruin, is it a good idea? ### Answer: I would not call this a "good" idea. But I wouldn't necessarily call it a bad idea either. Before you even consid...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Opening 5 credit cards at once with no history to ruin, is it a good idea? ### Answer: Yes, this is definitely possible. You can optimize your credit worthiness within 18 months, you would first start...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I fund a move by borrowing or selling other property assets? ### Answer: When you compare the costs of paying your current mortgage with the rental income from the flat, you're not really compa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I fund a move by borrowing or selling other property assets? ### Answer: that would deprive me of the rental income from the property. Yes, but you'd gain by not paying the interest on your oth...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I fund a move by borrowing or selling other property assets? ### Answer: It depends what rate mortgage you can get for any extra loans... If you remortgage you are likely to get a rate of 3.5-...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I fund a move by borrowing or selling other property assets? ### Answer: It is a lot easier to make money when you are not in debt. If you can sell the apartment, get rid of your existing mortg...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First time homeowner and getting a mortgage? ### Answer: If you have good credit, you already know the rate -- the bank has it posted in the window. If you don't have good credit, tell the loan office...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First time homeowner and getting a mortgage? ### Answer: First of all, think of anyone you know in your circle locally who may have gotten a mortgage recently. Ask him, her, or them for a recommendat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First time homeowner and getting a mortgage? ### Answer: Check with you local bank where you have an account. Sometimes they can offer a discount that results in a good rate. I just refinanced a mont...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First time homeowner and getting a mortgage? ### Answer: Make sure you shop around and ask a lot of places for a good faith estimate. Last I knew, the good faith document is the same everywhere and l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First time homeowner and getting a mortgage? ### Answer: I second the suggestions for your local credit union and asking co-workers who might also be in the process of a home purchase. Additionally, y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How bad is it to have a lot of credit available but not used? ### Answer: Unless you have a history of over-using credit (i.e. you've gotten yourself into debt trouble), then I think that the banker i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How bad is it to have a lot of credit available but not used? ### Answer: While @BrianRogers makes some good points, there are a few things you need to consider from the FICO perspective that I want t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How bad is it to have a lot of credit available but not used? ### Answer: I never give advice but I will now because you are getting poor advice. I run between 820 and 835 for a FICO score and have f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How bad is it to have a lot of credit available but not used? ### Answer: Ironically, the worst financial advice I read comes from "bankers." The top dozen members here can be trusted to give better a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't people generally save more of their income? ### Answer: If one takes a slightly more expansive view of the word "saving" to include most forms of durable asset accumulation, I think the reas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't people generally save more of their income? ### Answer: A person who always saves and appropriately invests 20% of their income can expect to have a secure retirement. If you start early eno...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't people generally save more of their income? ### Answer: This question is likely to be voted closed as opinion-based. That said - In general people have become accustomed to instant gratifica...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best steps to start saving money for a fresh grad in Singapore? ### Answer: Firstly, make sure annual income exceeds annual expenses. The difference is what you have available for saving. Secondly, y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best steps to start saving money for a fresh grad in Singapore? ### Answer: This is assuming that you are now making some amount X per month which is more than the income you used to have as a student...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to increase my credit score ### Answer: Get a credit card is NOT the answer. The reason people have a bad (or no) credit score is often because they're new to the country, have just turned 18, hav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to increase my credit score ### Answer: It's probably important to understand what a credit score is. A credit score is your history of accruing debt and paying it back. It is supplemented by y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to increase my credit score ### Answer: I've been in the UK for 3.5 years, and I have the same problem: I can't get even a small loan from my bank; no one will give me a phone contract; it's a nig...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to increase my credit score ### Answer: You need to get yourself a credit card, and use it regularly and also repay on time. This will help increase your credit score. Hope you have a regular job...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to increase my credit score ### Answer: Do you have the option of paying cash for the phone? To answer your question though: Essentially, you have to use credit RESPONSIBLY. That doesn't mean go g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does money made by a company on selling its shares show up in Balance sheet ### Answer: First: the question is irrelevant for purchases on exchange, mostly. Majority of sales on stock exchanges is bet...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does money made by a company on selling its shares show up in Balance sheet ### Answer: Share sales & purchases are accounted only on the balance sheet & cash flow statement although their effects are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When filing taxes in Canada, in what cases does box 39 on the T4 get reported as half of box 38? ### Answer: Here's the best explanation I found relating to why your T4 box 39 might not have an amount...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When filing taxes in Canada, in what cases does box 39 on the T4 get reported as half of box 38? ### Answer: Apparently box 39 does not receive half of box 38 if "The price of the share or unit is les...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When filing taxes in Canada, in what cases does box 39 on the T4 get reported as half of box 38? ### Answer: Assuming you purchased shares that were granted at a discount under the ESPP the 50% exempt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do share dilution scams make money? ### Answer: For this to work, those who control the dilution must also control their salaries because the only way for them to be paid off when it's the corpora...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the possible metrics for evaluating annual performance of a portfolio? ### Answer: The Investopedia article you linked to is a good start. Its key takeaway is that you should always consider ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Having trouble with APR calculation ### Answer: I have answered your question in detail here https://stackoverflow.com/questions/12396422/apr-calculation-formula The annuity formula in FDIC document i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Having trouble with APR calculation ### Answer: Check your calculation of A**. I was able to duplicate their calculations using excel. Make you sure have accounted for all the terms, it can be easy to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strategy for investing large amount of cash ### Answer: Dollar Cost Averaging would be the likely balanced approach that I'd take. Depending on the size of the sum, I'd likely consider a minimum of 3 ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strategy for investing large amount of cash ### Answer: I think a larger issue is that you're trying to do market timing. Whether you had a large or small amount of money to invest, no one wants to pu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strategy for investing large amount of cash ### Answer: Getting the right diversity of investments helps buffer you from some of the short term market swings. If you need advice it's worth spending a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strategy for investing large amount of cash ### Answer: What you put that money into is quite relevant. It depends on how soon you will need some, or all, of that money. It has been very useful to me...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is this mortgage advice good, or is it hooey? ### Answer: add the interest for the next 5 payments and divide that by how much you paid on the principal during that time Let's see - on a $200K 6% loan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is this mortgage advice good, or is it hooey? ### Answer: Sounds like baloney to me. HELOCs are variable rate, so you are paying down the principal of a fixed rate loan with a variable rate loan. If y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is this mortgage advice good, or is it hooey? ### Answer: Jack "The Mortgage Professor" Guttentag provides a thorough analysis of a similar-sounding system: In addition, I had the feeling that custome...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is this mortgage advice good, or is it hooey? ### Answer: That makes no sense at all. They try to compare and that's exactly the same as comparing apples versus oranges. Mortgage is long-term loan, so...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is this mortgage advice good, or is it hooey? ### Answer: This doesn't say the whole story (like the length of the HELOC). if you have 15 years left on a mortgage and "refinance" into a 30 year HELOC ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is this mortgage advice good, or is it hooey? ### Answer: Sounds fishy - taking out more debt to pay the main mortgage down faster? There are a couple of issues I can see: I would think that a much mo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is this mortgage advice good, or is it hooey? ### Answer: I think the idea here is that because of the way mortgages are amortized, you can drop additional principal payments in the early years of the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy out my brother on a property we will inherit before making improvements? ### Answer: In the end you, your dad, and your brother should come to an agreement so there's no surprises or unfu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy out my brother on a property we will inherit before making improvements? ### Answer: If your father is still able to make financial decisions and sign contracts, I see a better option. Ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: After consulting HR Block, are you actually obligated to file your taxes with them, if they've found ways to save you money? ### Answer: The obligation is contractual, so you need to read the contract...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: After consulting HR Block, are you actually obligated to file your taxes with them, if they've found ways to save you money? ### Answer: This is a legal issue, or possibly an ethical issue, and not re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: After consulting HR Block, are you actually obligated to file your taxes with them, if they've found ways to save you money? ### Answer: It sounds like they want to enter you into a contract in which ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: After consulting HR Block, are you actually obligated to file your taxes with them, if they've found ways to save you money? ### Answer: As I have worked for H&R Block I know for a fact that they reco...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Evidence for/against negative correlation between commodity futures, stocks ### Answer: The correlation I heard most about in economics/finance was that stock prices and bond yields were negatively co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean when the broker does not have enough shares to short? ### Answer: For Canada No distinction is made in the regulation between “naked” or “covered” short sales. However, the practice ...