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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is selling put options an advisable strategy for a retiree to generate stable income? ### Answer: Selling options is a great idea, but tweak it a bit and sell credit spreads on both sides of the marke...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is selling put options an advisable strategy for a retiree to generate stable income? ### Answer: Yes -- If you are prepared to own the stock and have the cash to buy it, it can be a good way to gener...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do investors buy stock that had appreciated? ### Answer: For the same reason you wanted it when you bought it. No-one guarantees that you'll be able to sell the stock you hold, and in fact many pe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do investors buy stock that had appreciated? ### Answer: People buy stocks with the intention of making money. They either expect the price to continue to rise or that they will get dividends and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do investors buy stock that had appreciated? ### Answer: Imagine how foolish the people that bought Apple at $100 must have felt. It was up tenfold for the $10 it traded at just years prior, how c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do investors buy stock that had appreciated? ### Answer: From an amateur: Prices aren't entirely rational - they float, and the day to day prices of stock are an excellent example of this. So how...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do investors buy stock that had appreciated? ### Answer: A few reasons. First, it's hard to buy a stock that has never gone up, and isn't necessarily wise to do so. Even if you just wait for a s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do investors buy stock that had appreciated? ### Answer: I understand you make money by buying low and selling high. You can also make money by buying high and selling higher, short selling high a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do investors buy stock that had appreciated? ### Answer: You seem to prefer to trade like I do: "Buy low, sell high." But there are some people that prefer a different way: "Buy high, sell higher....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is stock in a company considered a good or a service, or something else? ### Answer: Well it depends on whether or not your differentiating against. If its capital stock or stock as in a share certifi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is stock in a company considered a good or a service, or something else? ### Answer: Facebook the company is probably better understood as a capital good - it is a collection of software and servers a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is stock in a company considered a good or a service, or something else? ### Answer: Stock is ownership. And whether the thing you own is a good or service irrelevant. The ownership itself is all that...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I participate in trading Facebook shares on their IPO day from any brokerage? ### Answer: Any retail equity brokerage will give you access to the NYSE, and thus Facebook shares as they become avai...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I participate in trading Facebook shares on their IPO day from any brokerage? ### Answer: Yes. The real question is whether you should. You should consider your investment options, and take into t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I participate in trading Facebook shares on their IPO day from any brokerage? ### Answer: By definition, an IPO'd stock is publicly traded, and you can buy shares if you wish. There's often an exc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Specifically when do options expire? ### Answer: 4PM is the market close in NYC, so yes, time looks good. If "out of the money," they expire worthless. If "in the money," it depends on your broker's...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Specifically when do options expire? ### Answer: Here is the answer from my brokerage: Regular equity monthly options expire on the 3rd Friday of every month. The last time to trade them is by market ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Specifically when do options expire? ### Answer: Equity options, at least those traded in the American exchanges, actually expire the Saturday after the 3rd Friday of the month. However, the choice t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Merchant dispute with airline over changed itinerary ### Answer: Are you on Twitter? If so, the first thing I'd do is tweet this question to @Orbitz and/or @AmericanAir (AA). I'll edit it to be a bit ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you explain this options calls & puts quote table to me? ### Answer: (Note: I am omitting the currency units. While I strongly suspect it's US$ I don't know from the chart. The system works the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who are the sellers for the new public stocks? ### Answer: In an IPO the seller is the Company selling new shares. Some of the IPOs also include something called "secondary" sales which are existing h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who are the sellers for the new public stocks? ### Answer: Usually the big institution that "floats" the stock on the market is the one to offer it to you. The IPO company doesn't sell the stock itsel...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Option Trading / Demo Account ### Answer: In real life, you'd see spreads like AMZN 04/13/2017 910.00 C 4.90 +1.67 Bid: 4.75 Ask: 5.20 (with AMZN @ $897 right now) and the fill you'd get on the buy si...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Option Trading / Demo Account ### Answer: How would this trade behave IRL? I don't know how the simulation handles limit orders and bid/ask spreads to know it's feasible, but buying at 4.04 when the c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is short-selling considered more “advanced” than a simple buy? ### Answer: When you short a stock, you can lose an unlimited amount of money if the trade goes against you. If the shorted stock gap...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is short-selling considered more “advanced” than a simple buy? ### Answer: In addition to the higher risk as pointed out by @JamesRoth, you also need to consider that there are regulations against...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is short-selling considered more “advanced” than a simple buy? ### Answer: The margin rules are also more complicated. A simple buy on a non-margin account will never run into margin rules and yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who gets how many shares when an IPO is oversubscribed? ### Answer: A broker will only get so many shares for any IPO. They will give their highest profit customers priority, but try to keep the small...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do some stocks have a higher margin requirement? ### Answer: It is a question of how volatile the stock is perceived to be, its beta correlation to the S&P500 or other index. Margin requirements a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do some stocks have a higher margin requirement? ### Answer: It's about how volatile the instrument is. Brokers are concerned not about you but about potential lawsuits stemming from their perceiv...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Starter Enterprising Investor ### Answer: The steps you outlined are fine by themselves. Step 5, seeking criticism can be less helpful than one may think. See stocktwits.com There are a lot of oppos...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Home office deduction using simplified method & expensing of non-permanent office modification? ### Answer: Yes, you may deduct the cost of building the "noise cancellation system" :) sorry couldn't r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will Short Sale Prevent Me From Getting VA Home Loan Later? ### Answer: From MyFICO: A foreclosure remains on your credit report for 7 years, but its impact to your FICO® score will lessen over time. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do other countries have the equivalent of Australia's Negative Gearing? ### Answer: I would say similar rules apply in the US. If you have a net loss from rental property, you certainly can claim tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do other countries have the equivalent of Australia's Negative Gearing? ### Answer: In India, where I live, you can: In addition, housing loans are given priority status as well - bank capital require...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I get my property taxes lowered? ### Answer: There is no relationship between the government appraisal and the mortgage appraisal. The loan appraisal is done by a lender to determine if the prope...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I get my property taxes lowered? ### Answer: You most definitely can appeal the county's appraisal of your property. How to do so, and your odds of success will vary widely by your location, but ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I get my property taxes lowered? ### Answer: The question is whether the assessment is in line with surrounding homes. If my 1500 sq ft house on 1/4 acre is assessed far higher than a similar size...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it beneficial to convert non-investment real estate to rental if I need to make major repairs? (USA/Missouri) ### Answer: I think you may have a significant misunderstanding here. You have been re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it beneficial to convert non-investment real estate to rental if I need to make major repairs? (USA/Missouri) ### Answer: I don't have a direct answer for you, but here are some other things you mi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Evidence For/Against Real Estate Investing Vis-a-vis Investing in ETFs ### Answer: Real Estate potentially has two components of profit, the increase in value, and the ongoing returns, similar to a st...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Townhouse or stand-alone house for a first home? ### Answer: First, some general advice that I think you should consider A good rule of thumb on home buying is to wait to buy until you expect to live ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Townhouse or stand-alone house for a first home? ### Answer: If you buy a townhouse, you often are in a condominium arrangement in the US (when you're really in a rowhouse in particular). So that's a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Townhouse or stand-alone house for a first home? ### Answer: I very much agree with what @Grade 'Eh' Bacon said about townhouses, but wanted to add a bit about HOA's, renting after moving on, and appr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Townhouse or stand-alone house for a first home? ### Answer: Houses tend to appreciate more than condos. Houses are also more expensive. So it's a choice. You mention your girlfriend will be buying it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a more expensive house as a tax shelter (larger interest deduction)? ### Answer: No. This logic is dangerous. The apples to apples comparison between renting and buying should be between simil...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a more expensive house as a tax shelter (larger interest deduction)? ### Answer: Two points You don't really get the full 10,000 annual interest as tax free income. Well you do, but you would ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a more expensive house as a tax shelter (larger interest deduction)? ### Answer: Depending on the state you live in paying interest on a mortgage opens up other tax deduction options: Real esta...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I am moving to a new city. How do I plan and prepare - financially - for the move? ### Answer: Some of the costs you might incur include: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I am moving to a new city. How do I plan and prepare - financially - for the move? ### Answer: Utilities and cost of living vary from city to city but maybe not that much. For basic planning purposes...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Explain: “3% annual cost of renting is less than the 9% annual cost of owning” ### Answer: The 3% and 9% figures are based on the cost of borrowing money and all the other ownership costs associated w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Explain: “3% annual cost of renting is less than the 9% annual cost of owning” ### Answer: The house that sells for $200,000 might rent for a range of monthly numbers. 3% would be $6000/yr or $500/mo....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is my mother eligible for SNAP? ### Answer: If she lives by herself, my guess would be that she qualifies as a household of one. Either way, her monthly income is below the threshold, so she should be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will my father still be eligible for SNAP if I claim him as my dependent? ### Answer: It seems that counting your father as your dependent shouldn't, in itself, cause him to be ineligible for SNAP. El...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will my father still be eligible for SNAP if I claim him as my dependent? ### Answer: This may be best handled by an expert. Look for somebody recommended by a church, homeless shelter, food pantry, o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean if “IPOs - normally are sold with an `underwriting discount` (a built in commission)” ### Answer: When an IPO happens, the buyers pay some price (let's say $20 per share) and the sel...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean if “IPOs - normally are sold with an `underwriting discount` (a built in commission)” ### Answer: Also, in the next sentence, what is buyers commission? Is it referring to the share ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any downside snapping a picture (or scanning a copy) of every check one writes vs. using a duplicate check? ### Answer: For me, the main benefit of using duplicate checks is that the copy is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any downside snapping a picture (or scanning a copy) of every check one writes vs. using a duplicate check? ### Answer: No, there is no downside. I personally don't use duplicate checks. I s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any downside snapping a picture (or scanning a copy) of every check one writes vs. using a duplicate check? ### Answer: When banks would return the actual physical cheque, at least you had so...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would I qualify for a USDA loan? ### Answer: IMHO you are in no position to buy a home. If it was me, I'd payoff the student loans, pay off the car, get those credit card balances to zero (and keep t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would I qualify for a USDA loan? ### Answer: If you even qualify for a no-down payment USDA loan, which I'm not sure you would. It would be extremely risky to take on a $250K house loan and have near-...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would I qualify for a USDA loan? ### Answer: You probably won't get a mortgage. UDSA has a 41% ratio of monthly debt to monthly income limit, and a score of 660 or better. A 250,000 mortgage at curren...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would I qualify for a USDA loan? ### Answer: All the above advices plus this: For you first house, you should start smaller. Buy a 100k or less condo if possible, then grow from there. You sell every ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would I qualify for a USDA loan? ### Answer: I'd like to suggest a plan. First, I know you want to buy a house. I get that, and that is an awesome goal to work for. You need to really sit down and dec...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would I qualify for a USDA loan? ### Answer: Just general advice but you should pay off your credit cards and car loans before buying a house. Or you may be able to add some extra on to the mortgage t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would I qualify for a USDA loan? ### Answer: How realistic is it that I will be able to get a home within the 250,000 range in the next year or so? Very unlikely in the next year. The debt/income ra...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would I qualify for a USDA loan? ### Answer: Sounds feasible. I make $45000 a year, with two car payments, credit card and student loan debt. Also, my wife doesn't work. I was approved for a $11600...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debit cards as bad as credit cards? ### Answer: It's a real pain in the rear to get cash only from a bank teller (the end result of cutting the card as suggested). There is a self control issue here t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debit cards as bad as credit cards? ### Answer: This sounds more like a behavioral than a debit card issue to me TBH. Did you put the money you're putting away into a separate savings account that you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debit cards as bad as credit cards? ### Answer: If your goal is to make it harder for you to use to make impulse purchases then YES. Having to always have cash for purchases will make you less likely...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debit cards as bad as credit cards? ### Answer: If it is one of those debit cards you use just like a credit card without a PIN, I'd cancel it regardless of whatever you are trying to do with your fin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debit cards as bad as credit cards? ### Answer: How about just stop buying stuff? ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debit cards as bad as credit cards? ### Answer: Using cash instead of a debit card lets you see in real time how much cash you have left and where it's going. It's a lot "harder" to see the cash disa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debit cards as bad as credit cards? ### Answer: Debit cards are the dumbest development ever. I now have a piece of plastic that allows any yahoo to cause me to bounce my mortgage. Great. Throw away t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to people without any retirement savings? ### Answer: I'm afraid you have missed a few of the outcomes commonly faced by millions of Americans, so I would like to take a moment to discuss...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to people without any retirement savings? ### Answer: Well, if you worked in the United States you have social security, and medicare and medicaid in most cases as well. So you have a sm...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to people without any retirement savings? ### Answer: According to both Huffington Post and Investopedia: Trying to retire without any savings in the bank can be difficult, and that di...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to people without any retirement savings? ### Answer: This is a good question and you seemed troubled by this and this person's choices in life. And that is the rub, they are choices. T...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to people without any retirement savings? ### Answer: There are a host of programs in the US to help low/no-income seniors: Many states discount property taxes for the elderly as well. No...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to people without any retirement savings? ### Answer: Social security was created with just such people in mind. It's a meager living, but it is an income stream that can be supplemented ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How could I find someone to find a room for me to live in? (For a fee, of course.) ### Answer: Many colleges have offices that can help students find off campus housing. They will have information abo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How could I find someone to find a room for me to live in? (For a fee, of course.) ### Answer: There are services, usually associated with real estate agents, that provide apartment search services fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is laminate flooring an “Improvement” or “Depreciable Property”? ### Answer: Aesthetics aside, laminate floor is attached to the floor and as such is a part of the building. So you depreciate it with ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I am looking for software to scan and read receipts ### Answer: NeatReceipts come up from time to time on woot.com. You can read up on the discussions which typically include several user testimonia...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I am looking for software to scan and read receipts ### Answer: Try the following apps/services: Receipt Bank (paid service, gathers paper receipts, scans them and processes the data), I've tested it,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I am looking for software to scan and read receipts ### Answer: Scanning receipts is easy and any decent scanner will do a good job for you. The difficult part is the software that 'extracts' the data...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Rental Properties: Is it good or bad that I can't find rental listings on that street? ### Answer: Finding Zero is the expected result of your Craigslist check. You will have to do a lot more research...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Rental Properties: Is it good or bad that I can't find rental listings on that street? ### Answer: Based on the information you gave, there are dozens if not hundreds of possible theories one could sp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do with old company's 401k? [duplicate] ### Answer: I suggest rolling it over to the 401(k) with your new employer. Particularly if they match any percentage of your contribution, it would be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do with old company's 401k? [duplicate] ### Answer: Your best bets are a Roth IRA or traditional IRA. If you roll it to a Roth, you will have to pay taxes on the amount you roll over (unless ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to use proceeds of old house sale shortly after buying new house? ### Answer: I've heard that the bank may agree to a "one time adjustment" to lower the payments on Mortgage #2 because of paying a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to use proceeds of old house sale shortly after buying new house? ### Answer: Really this is no different from any kind of large lump sum and having a mortgage. There are probably many questions ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are ADRs priced? ### Answer: Academic research into ADRs seems to suggest that pairs-trading ADRs and their underlying shares reveals that there certainly are arbitrage opportunities, but that in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do real nappies (reusable / cloth diapers) really save money? ### Answer: I only used disposable diapers for my baby's first month. However, I now use half disposable diapers (for part-time daycare) ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do real nappies (reusable / cloth diapers) really save money? ### Answer: I just remembered a blog post at CashMoneyLife - Cloth Diapers vs. Disposable Diapers. I had come across it a little while af...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do real nappies (reusable / cloth diapers) really save money? ### Answer: I don't think they do. And here's why. If you don't want your child to get skin irritation, you need to watch closely and chan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I spend less? ### Answer: One things about psychology - people spend more money when its an abstract concept instead of having cold, hard cash. What does this mean? People spend more money whe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I spend less? ### Answer: Try the Envelope Budgeting System. It is a pretty good system for managing your discretionary outflows. Also, be sure to pay yourself first. That means treat savings ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I spend less? ### Answer: Try having money automatically deducted from your paycheck and put into a retirement account or savings account. As long as you don't have a problem with spending mo...