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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Understanding summary of brokerage account value, cash balance, buying power? ### Answer: Here you go: I'll leave the last question as an exercise to the reader. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I use a different HSA than PayFlex that came with aetna? ### Answer: You can ask your employer for anything that you want. However, most employers, if they are contributing their own money into yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I use a different HSA than PayFlex that came with aetna? ### Answer: There are some cases I'm aware of where a large employer will offer alternative HSA vendors, but this is not the norm as far as...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I use a different HSA than PayFlex that came with aetna? ### Answer: Much of this is incorrect. Aetna owns Payflex for starters, and it's your EMPLOYER who decides which banks and brokers to offer...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people build a stock portfolio if one could get a higher return from bank interest than dividend per annum? ### Answer: Stock prices aren't constant; they rise and fall. The overall return on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people build a stock portfolio if one could get a higher return from bank interest than dividend per annum? ### Answer: Large companies whose shares I was looking at had dividends of the order ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I use stock as collateral for a loan and I default, does the bank pay taxes when they sell my stock? ### Answer: If you are planning this as a tax avoidance scheme, well it is not. The gains will b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I use stock as collateral for a loan and I default, does the bank pay taxes when they sell my stock? ### Answer: Will the bank be taxed on the $x received through selling the collateral? Why do y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I use stock as collateral for a loan and I default, does the bank pay taxes when they sell my stock? ### Answer: The short answer is that the exchange of the stock in exchange for the elimination o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can the ROE on a stock be more than 100%? ### Answer: An operating margin will not compare with ROE. If a company has even a small margin on a large turnover and has a comparative lower shareholde...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can the ROE on a stock be more than 100%? ### Answer: A company's Return on Equity (ROE) is its net income divided by its shareholder's equity. The shareholder's equity is the difference between ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wash sale rule impact on different scenarios between different types of accounts ### Answer: The wash sale rule only applies when the sale in question is at a loss. So the rule does not apply at all ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wash sale rule impact on different scenarios between different types of accounts ### Answer: Brokerage->Brokerage 13-16 The loss from the previous purchase will be added to the cost basis of the secur...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wash sale rule question ### Answer: Yes. On December 10, you have a wash sale. As long as you don't buy the stock back for 30 days after that, the wash is of no consequence. In other words, you don't ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are dividends the only thing linking stocks to corporate performance? ### Answer: There is certainly an obligation in some cases of a company to distribute profit, either as dividend or a stock buy ba...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where does the money go when I buy stocks? ### Answer: When you buy a share of stock, you are almost always buying from someone who previously purchased that share and now wants to sell it. The money ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where does the money go when I buy stocks? ### Answer: The money goes to the seller. There are a lot of behind the scenes things that happen, and some transactions are very complicated with many part...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the theory behind Rick Van Ness's risk calculation in the video about diversification? ### Answer: He's calculating portfolio variance. The general formula for the variance of a portfolio comp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the theory behind Rick Van Ness's risk calculation in the video about diversification? ### Answer: John Bensin's answer covers the math, but I like the plain-English examples of the theory fro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the theory behind Rick Van Ness's risk calculation in the video about diversification? ### Answer: The calculation and theory are explained in the other answers, but it should be pointed out t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a limit order work for a credit spread? ### Answer: As you probably know, a credit spread involves buying a call (or put) at one strike and selling another call (or put) at another with the s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Selling high, pay capital gains, re-purchase later ### Answer: Ignoring brokerage fees and the wash-sale rule (both of which are hazardous to your health), and since the 15% LTCG tax is only on the ga...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what percentage drop should you buy to average down ### Answer: TL;DR; There is no silver bullet. You have to decide how much to invest and when on your own. Averaging down definition: DEFINITION ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what percentage drop should you buy to average down ### Answer: A big part of the answer depends on how "beaten down" the stock is, how long it will take to recover from the drop, and your taste fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what percentage drop should you buy to average down ### Answer: Only average down super blue chips with a long history or better still, ETFs or index type funds. I do it with income producing funds...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For an equivalent company security, does it make more sense to trade them in country with dividend tax free? ### Answer: You might have to pay a premium for the stocks on the dividend tax–free exchang...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What exactly is BATS Chi-X Europe? ### Answer: I work at BATS Chi-X Europe and wanted to provide some clarity/answers to these questions. BATS Chi-X Europe is a Recognised Investment Exchange, so it i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What exactly is BATS Chi-X Europe? ### Answer: Yes, it would be incorrect to refer to BATS Chi-X Europe as a market maker. Market makers make markets on BATS Chi-X Europe, which is a stock exchange. #...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What exactly is BATS Chi-X Europe? ### Answer: BATS CHi-X Europe is a market maker. They provide liquidity to the order books of different kinds of equities on certain exchanges. So the London Stock E...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Rules for Broker Behavior with Covered Calls ### Answer: Number 2 cannot occur. You can buy the call back and sell the stock, but the broker won't force that #2 choice. To trade options, you must have...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Rules for Broker Behavior with Covered Calls ### Answer: I think the question, as worded, has some incorrect assumptions built into it, but let me try to hit the key answers that I think might help: Y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the options industry changing about option symbols in February, 2010? ### Answer: The change is generally known as the Options Symbology Initiative (or "OSI") and there is a highly comprehensi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the options industry changing about option symbols in February, 2010? ### Answer: Here is what I could find on the net: http://education.wallstreetsurvivor.com/options-symbol-changes-coming-fe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When trading put options, is your total risk decreased if you are in a position to exercise the option? ### Answer: The risk situation of the put option is the same whether you own the stock or not. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When trading put options, is your total risk decreased if you are in a position to exercise the option? ### Answer: In absolute terms the risk is about the same. If you own the stock and your put opt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When trading put options, is your total risk decreased if you are in a position to exercise the option? ### Answer: You should also consider what the cost of the Put is, especially if the strike price...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options vs Stocks which is more profitable ### Answer: Nearly 3 years ago, I wrote an article, Betting on Apple at 9 to 2 which described a bet in which a 35% move in the stock returned 354% on the op...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options vs Stocks which is more profitable ### Answer: The first thing that I learned the hard way (by trying my hand at actual options trading) is that liquidity matters. So few people are interested...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options vs Stocks which is more profitable ### Answer: First, to mention one thing - better analysis calls for analyzing a range of outcomes, not just one; assigning a probability on each, and compari...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options vs Stocks which is more profitable ### Answer: More perspective on whether buying the stock ("going long") or options are better. My other answer gave tantalizing results for the option route,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options vs Stocks which is more profitable ### Answer: As already noted, options contain inherent leverage (a multiplier on the profit or loss). The amount of "leverage" is dictated primarily by both ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How many stocks will I own in n years if I reinvest my dividends? ### Answer: Your example shows a 4% dividend. If we assume the stock continues to yield 4%, the math drops to something simple. Rule ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How many stocks will I own in n years if I reinvest my dividends? ### Answer: This answer contains three assumptions: New Share Price: Old Share Price * 1.0125 Quarterly Dividend: (New Share Price*0.0...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Nominal value of shares ### Answer: They are 2 different class of shares belonging to the same company. Class A shares [par value of 0.01] have 100 voting rights per share. Class B shares [par value o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Uni-Select (UNS.TO) Market Cap Incorrect? ### Answer: Note that your link shows the shares as of March 31, 2016 while http://uniselect.com/content/files/Press-release/Press-Release-Q1-2016-Final.pdf n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stocks priced above $2.00 on the ASX sometimes move in $0.005 increments? ### Answer: Like in the US, more flexibility is extended to hidden orders. Australia has taken an aggressive approach t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can Robin Hood offer trading without commissions? ### Answer: It isn't the first initiative (see link below) and maybe this one will stick around. Time will be a good test. Here is an article o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can Robin Hood offer trading without commissions? ### Answer: All discount brokers offer a commission structure that is based on the average kind of order that their target audience will make. Dif...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can Robin Hood offer trading without commissions? ### Answer: Robinhood does offer premium products that they charge for-I suspect we will see more of that in the future. They do not change the bi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can Robin Hood offer trading without commissions? ### Answer: They make money off you by increasing the spread you buy and sell your stocks through them. So for example, if the normal spread for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can Robin Hood offer trading without commissions? ### Answer: They mostly make money off of the spread between your order and the spread of the buy and sell currently in the market. As others have...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a time limit to cover an open short position? [duplicate] ### Answer: There are situations where you can be forced to cover a position, particular when "Reg SHO" ("regulation sho") is activat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why futures has a mark to market concept that is not present in stocks ### Answer: All margin is marked to market. Option longs do not post margin because long margin trading is forbidden. Equity long...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Price movement behaviour before earnings announcements ### Answer: This depends entirely on what the market guesses the news will be and how much of that guess has already been factored into the price...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Price movement behaviour before earnings announcements ### Answer: In principle, the stock price should see no change in the days leading up to an earnings announcement, and then at the moment of the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Whats the difference between a qualified and an unqualified covered call? ### Answer: Yes, as long as you write a call against your stock with a strike price greater than or equal to the previous day'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Total gain of portfolio including sold stocks? ### Answer: You could create your own spreadsheet of Cash Flows and use the XIRR function in Excel: The formula is: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I exercise my put if a company goes bankrupt? ### Answer: according to the Options Industry council ( http://www.optionseducation.org/tools/faq/splits_mergers_spinoffs_bankruptcies.html ) put opti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are leverage/ko products the only reasonable way to trade stocks? ### Answer: There's no free lunch. Here are some positions that should be economically equivalent (same risk and reward) in a theoreti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are leverage/ko products the only reasonable way to trade stocks? ### Answer: I am assuming you mean derivatives such as speeders, sprinters, turbo's or factors when you say "derivatives". These deriv...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does Big Money work? (i.e. stocks, Enron, net worth) ### Answer: 1) You ignore dividends. You can hold your 10 million shares and never sell them and still get cash to live on if the security pa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shares Canceled after Merger ### Answer: It seems like this was a "stock for stock" transaction. That is, your company was acquired, not for cash, but for the stock of Company X in a deal that your co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If an option's price is 100% made up of its intrinsic value, is there a way to guarantee a non-loss while having a chance at a profit? ### Answer: The strategy looks good on paper but in reality, the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If an option's price is 100% made up of its intrinsic value, is there a way to guarantee a non-loss while having a chance at a profit? ### Answer: Yes, one such strategy is dividend arbitrage using st...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the average true range a better measure of volatility than historical volatility ### Answer: ATR really looks at the volatility within the day -- So you would be able to see if the stock is becomin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Getting correlation from regression slope (Completely stumped) ### Answer: I just used the formula in below link and did some math. I have that book too but haven't looked at it yet really. Lots of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Getting correlation from regression slope (Completely stumped) ### Answer: Using the following equations from the book a stab at the correlation can be made. Calculating the residual volatilities fr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 1099-B, box 5, how to figure out cost basis? ### Answer: For every document that the IRS posts, there will be a correlating instructions page. This would be the instructions for the 1099-B, here. Furt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: UK: How to *leave* self select stock and shares ISA (without selling the shares)? ### Answer: Your existing shares in their existing ISA(s) do not in any way impact on your future ISA allowances. The ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using stock markets in Europe, how can I buy commodities / resources, to diversify my portfolio? ### Answer: I recommend avoiding trading directly in commodities futures and options. If you're not pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to find out conversion ratio between General Motors bonds and new GM stock? ### Answer: Depending on the specific bond, here is the official info. http://www.wilmingtontrust.com/gmbondholders/in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to find out conversion ratio between General Motors bonds and new GM stock? ### Answer: I would imagine that as a holder you will receive information in the post when it's made public, but I don...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to find out conversion ratio between General Motors bonds and new GM stock? ### Answer: Looks like the result got decided recently, with a little uncertainty about exactly how much is the total ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do post-IPO 'insider' stock lockup periods still apply if you separate from the company ### Answer: There are quite a few regulations on "Insider Trading". Blackouts are one of the means companies ado...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there common stock price trends related to employee option plans? ### Answer: Whenever a large number of shares to be sold hit the market at the same time the expectation is that the price for eac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there common stock price trends related to employee option plans? ### Answer: The stock market is generally a long term investment platform. The share prices reflect more the companies potential ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there common stock price trends related to employee option plans? ### Answer: There's an odd anomaly that often occurs with shares acquired through company plans via ESPP or option purchase. The g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there common stock price trends related to employee option plans? ### Answer: Say I am an employee of Facebook and I will be able to sell stares at enough of a profit to pay of my mortgage and hav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best buying price on stock marketing based on market depth detail (CSE atrad tool) ### Answer: If you are buying your order will be placed in Bid list. If you are selling your order will be placed in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best buying price on stock marketing based on market depth detail (CSE atrad tool) ### Answer: When I first started working in finance I was given a rule of thumb to decide which price you will get in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between a scrip dividend and a stock split? ### Answer: Investopedia has a good definition. Stock dividends are similar to cash dividends; however, instead of cash, a company pa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between a scrip dividend and a stock split? ### Answer: Firstly a stock split is easy, for example each unit of stock is converted into 10 units. So if you owned 1% of the comp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between a scrip dividend and a stock split? ### Answer: Most corporations have a limit on the number of shares that they can issue, which is written into their corporate charter...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the bid price of a stock change depending on which brokerage I am using? ### Answer: They could have different quotes as there are more than a few pieces here. Are you talking a Real Time Level ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I manage my portfolio as stock evaluation criteria evolve? ### Answer: Don't sell. Ever. Well almost. A number of studies have shown that buying equal amounts of shares randomly will beat the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I manage my portfolio as stock evaluation criteria evolve? ### Answer: If your criteria has changed but some of your existing holdings don't meet your new criteria you should eventually liquida...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I manage my portfolio as stock evaluation criteria evolve? ### Answer: Unfortunately I believe there is not a good answer to this because it's not a well posed problem. It sounds like you are ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would preferred shares have less potential for capital gain compared to common stock? ### Answer: I once bought both preferred and common shares in a bankrupt company. It is true that those prefe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would preferred shares have less potential for capital gain compared to common stock? ### Answer: True blue preferred shares are considered loose hybrids of credit and equity. They are more senio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I cover a short sale with the stock I already own? ### Answer: Yes, you call the broker and tell him to use those shares to deliver to the short position. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I cover a short sale with the stock I already own? ### Answer: Yes you can. This is known as a short selling against the box. In the old days, this was used to delay a taxable event. You could ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock options: what happens if I leave a company and then an acquisition is finalized? ### Answer: When you exercise your options, you come up with cash to buy the shares. This makes you an owner of t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock options: what happens if I leave a company and then an acquisition is finalized? ### Answer: Having stock options means that you have worked for and rightfully earned a part of the company's cap...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Howto choose a marketplace while submitting an order for a stock trade ### Answer: It depends on your cost structure and knowledge of the exchanges. It could be optimal to make a manual exchange selec...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the most efficient ways to bet on an individual stock beating the market? ### Answer: tl;dr: Unfortunately, there is little available to the retail investor that fits your description. Instit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the most efficient ways to bet on an individual stock beating the market? ### Answer: You could buy options. I do not know what your time horizon is but it makes all the difference due to the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I apply prior years' capital losses against my employee stock option exercise? ### Answer: As I recall, the gain for ISOs is considered ordinary income, and capital losses can only negate up to $3...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Static and Dynamic, Major/Minor Support and Resistance in Stock Trading/Investing ### Answer: Simply static support or resistance levels are ones that do not change with time. Two examples include hor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to Calculate Profit and Loss for trading position? ### Answer: Month to date For the month to date (MTD), the price on Feb 28th is $4.58 and the price on March 16th is $4.61 so the return is which...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to decide on limits when purchasing/selling stocks? ### Answer: You said your strategy was to put it into a index fund. But then you asked about setting stock limits. I'm confused. Funds usual...