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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying taxes on dividends even though your capital gains were $0? ### Answer: I'd agree that this can seem a little unfair, but it's an unavoidable consequence of the necessary practicality of paying ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying taxes on dividends even though your capital gains were $0? ### Answer: How and why is this considered fair (and/or legal)? Let's use an analogy. The issue is not fairness, it is just the rules...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying taxes on dividends even though your capital gains were $0? ### Answer: The issue for you seems to be the sequence of events. Presumably, there will be a gain in the fund. In one year, you have ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can we estimate the impact of a large buy order on the share price? ### Answer: I may be underestimating your knowledge of how exchanges work; if so, I apologize. If not, then I believe the answer is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can we estimate the impact of a large buy order on the share price? ### Answer: There are two distinct questions that may be of interest to you. Both questions are relevant for funds that need to buy ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can we estimate the impact of a large buy order on the share price? ### Answer: If you look at a trade grid you can see how this happens. If there are enough bids to cover all shares currently on the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can we estimate the impact of a large buy order on the share price? ### Answer: Orders large enough to buy down the current Bid and Ask Book are common. This is the essential strategy through which la...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to understand a volatility based ETF like VXX ### Answer: The VIX is a mathematical aggregate of the implied volatilities of the S&P 500 Index components. It itself cannot be traded as there curre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to understand a volatility based ETF like VXX ### Answer: To understand the VXX ETF, you need to understand VIX futures, to understand VIX futures you need to understand VIX, to understand VIX you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the benefits of investing to IRA/Roth IRA, 401(k) in comparison to investing in long term CDs? ### Answer: First, you need to understand the difference in discussing types of investments and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the benefits of investing to IRA/Roth IRA, 401(k) in comparison to investing in long term CDs? ### Answer: For the period 1950 to 2009, if you adjust the S&P 500 for inflation and account for...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does Chapter 11 Bankruptcy mean to an investor holding shares of a Chapter 11 Company? ### Answer: If you've got shares in a company that's filed for U.S. Chapter 11 bankruptcy, that sucks, it re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does Chapter 11 Bankruptcy mean to an investor holding shares of a Chapter 11 Company? ### Answer: I held shares in BIND Therapeutics, a small biotechnology company on the NASDAQ that was liquida...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing in commodities, pros and cons? ### Answer: The main advantage of commodities to a largely stock and bond portfolio is diversification and the main disadvantages are investment complexity and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing in commodities, pros and cons? ### Answer: Another disadvantage is the inability to value commodities in an accounting sense. In contrast with stocks, bonds and real estate, commodities don'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to understand expenses matter relative to investment type for mutual funds? ### Answer: The net return reported to you (as a percentage) by a mutual fund is the gross return minus the expense rati...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why invest in IRA while a low-cost index fund is much simpler? ### Answer: Is that basically it? Trading off between withdrawing-anytime vs paying-capital-gain-tax? No. Another significant factor is d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why invest in IRA while a low-cost index fund is much simpler? ### Answer: Here are the few scenarios that may be worth noting in terms of using different types of accounts: Traditional IRA. In this c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why invest in IRA while a low-cost index fund is much simpler? ### Answer: The advantage of an IRA (or 401k) is you get taxed effectively one time on your income, whereas you get taxed effectively mul...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why invest in IRA while a low-cost index fund is much simpler? ### Answer: Lots of good answers. I'll try and improve by being more brief. For each option you will pay different taxes: Index Fund: ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why invest in IRA while a low-cost index fund is much simpler? ### Answer: Whoa. These things are on two dimensions. It's like burger and fries, you can also have chicken sandwich and fries, or burge...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people invest in mutual fund rather than directly buying shares? ### Answer: Buying the right shares gives higher return. Buying the wrong ones gives worse return, possibly negative. The usual ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people invest in mutual fund rather than directly buying shares? ### Answer: There are several reasons. One, mutual funds provide instant diversification. To build a diverse portfolio "manuall...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people invest in mutual fund rather than directly buying shares? ### Answer: How on earth can you possibly know what is going on in individual company X? The sole exception is if it is your ow...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I can be claimed as a dependent, what do I do without my parent's tax information? ### Answer: The request for your parent's income comes from Form 8615, Tax for Certain Children Who Have Unearned ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Most important skills needed to select profitable stocks ### Answer: You need to have 3 things if you are considering short-term trading (which I absolutely do not recommend): The ability to complete...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Most important skills needed to select profitable stocks ### Answer: Coolness - It's not only a matter of staying calm when being up or down. You must keep yourself from chasing a stock that appears ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Most important skills needed to select profitable stocks ### Answer: You would appear to be a swing trader, like myself. I have been trading futures and futures options for 29 years, and have both ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Nasdaq vs Nasdaq Trade Reporting Facility ### Answer: You can infer some of the answers to your questions from the BATS exchange's market data page and its associated help page. (I'm pretty sure a pa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How's the graph of after/pre markets be drawn? ### Answer: Graphs are nothing but a representation of data. Every time a trade is made, a point is plotted on the graph. After points are plotted, they ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How's the graph of after/pre markets be drawn? ### Answer: the data source is the same as the live market trading. pre and after market trading are active markets and there are actual buyers and selle...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stocks tend to trade at high volumes at the end of (or start) the trading day? ### Answer: Trading at the start of a session is by far higher than at any other time of the day. This is mostly d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stocks tend to trade at high volumes at the end of (or start) the trading day? ### Answer: Trading at the start of the day is highest because of news flows that may have come after the close of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stocks tend to trade at high volumes at the end of (or start) the trading day? ### Answer: Is it possible that mutual funds account for a significant portion of this volume. Investors may decid...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stocks tend to trade at high volumes at the end of (or start) the trading day? ### Answer: Trading volumes are higher at the end of the day as many traders close their open positions. In the mo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stocks tend to trade at high volumes at the end of (or start) the trading day? ### Answer: The shift to trading at the close began in 2008. Traders did not want to be caught off guard by surpri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My investment account is increasingly and significantly underperforming vs. the S&P 500. What should I do? ### Answer: Around Oct 03 2010 the SPY closed at 113. Today it is trading at 130. After fou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My investment account is increasingly and significantly underperforming vs. the S&P 500. What should I do? ### Answer: You say: To clarify, my account is with BlackRock and the fund is titled "MID C...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My investment account is increasingly and significantly underperforming vs. the S&P 500. What should I do? ### Answer: Typically you diversify a portfolio to reduce risk. The S&P 500 is a collection o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My investment account is increasingly and significantly underperforming vs. the S&P 500. What should I do? ### Answer: Fire your fund manager. There are several passive funds that seek to duplicate th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My investment account is increasingly and significantly underperforming vs. the S&P 500. What should I do? ### Answer: absolutely $SPY ETF is the way to go if your point of comparison is the S&P and y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My investment account is increasingly and significantly underperforming vs. the S&P 500. What should I do? ### Answer: The majority (about 80%) of mutual funds are underperforming their underlying ind...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are index-tracking ETF popular in Japan? ### Answer: The Japanese stock market offers a wide selection of popular ETFs tracking the various indices and sub-indices of the Tokyo Stock Exchange. See th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Employer rollover from 403b to 401k? ### Answer: 403b plans are used by school districts, colleges and universities, nonprofit hospitals, charitable foundations and the like for their employees while ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does it seem unnecessary to fully save for irregular periodic expenses? ### Answer: I think we'd need to look at actual numbers to see where you're running into trouble. I'm also a little confused...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does it seem unnecessary to fully save for irregular periodic expenses? ### Answer: Another way of explaining the puzzling balance: Right after a particular bill is paid, you have $0 saved to pay ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does it seem unnecessary to fully save for irregular periodic expenses? ### Answer: If you just had one expense once a year of $1200, you would put in $100 a month. The average balance is going to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does it seem unnecessary to fully save for irregular periodic expenses? ### Answer: It totally depends on when your expenses hit and whether you might have a larger stock than necessary. If you ru...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you calculate the rate of return (ROR) when buying and selling put options? ### Answer: RoR for options you bought is fairly easy: (Current Value-Initial Cost)/Initial Cost gives you the actual...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you calculate the rate of return (ROR) when buying and selling put options? ### Answer: What Jaydles said. I think of each strategy in terms of Capital at Risk (CaR). It's a good thing to know ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you calculate the rate of return (ROR) when buying and selling put options? ### Answer: Rate of return is (Current value - initial value) divided by initial value. Buy $10,000 worth of put opti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can somebody give a brief comparison of TSP and IRAs? ### Answer: Ideally, one would contribute the maximum amount you're allowed to both the TSP and an IRA. For the 2015 tax year, that would be $18,0...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can somebody give a brief comparison of TSP and IRAs? ### Answer: The TSP is similar to a 401K. If you were hired as a federal employee on or after 1 January 1987 you are under the FERS retirement pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: ESPP advantages and disadvantages ### Answer: The typical deal is you can put 10% of your gross pay into the ESPP. The purchase will occur on the last deposit date, usually a 6 month period, at a 15% ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: ESPP advantages and disadvantages ### Answer: It would be difficult to answer without knowing specifics about a particular offer. In certain cases, it's definitely great and one could become a million...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: ESPP advantages and disadvantages ### Answer: Advantage: more money. The financial tradeoff is usually to your benefit: Given these, for having your money locked up for the average length of the vest...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: ESPP advantages and disadvantages ### Answer: You should always always enroll in an espp if there is no lockup period and you can finance the contributions at a non-onerous rate. You should also alway...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: ESPP advantages and disadvantages ### Answer: The answer is simple. If your employer is offering you a discount, that is free money. You always take free money, always. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any reason to keep IRAs separate? ### Answer: I don't know about keeping different rollover IRAs separate. But I know that there is a reason to keep rollover IRAs separate from other traditional IRAs ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any reason to keep IRAs separate? ### Answer: Can't see why would you need to track the sources of the original funds. Can't think of a reason not to consolidate, if at all it will only make the manag...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any reason to keep IRAs separate? ### Answer: Once upon a time, money rolled over from a 401k or 403b plan into an IRA could not be rolled into another 401k or 403b unless the IRA account was properly...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Renting or Buying an House ### Answer: When you sell a house around between 7-10% of the sales price will go to various fees. Mostly to the agents, but also to county fees, city fees, deed tax, and po...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Renting or Buying an House ### Answer: You may be in a situation where buying is preferred, especially because you can enter the market in a strong position - with a 20% down payment. If you have the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Renting or Buying an House ### Answer: Some pros and cons to renting vs buying: Some advantages of buying: When you rent, the money you pay is gone. When you buy, assuming you don't have the cash to b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Renting or Buying an House ### Answer: I actually didn't do the math with your numbers, but I recall Sal from Khan Academy did a nice video about your question, challenging the notion that it is alway...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best way to invest in gold as a hedge against inflation without having to hold physical gold? ### Answer: GLD, IAU, and SGOL are three different ETF's that you can invest in if you want to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best way to invest in gold as a hedge against inflation without having to hold physical gold? ### Answer: Since GLD is priced as 1/10 oz of gold, I'd call it the preferred way to buy if th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best way to invest in gold as a hedge against inflation without having to hold physical gold? ### Answer: Definitely look at CEF. They have tax advantages over GLD and SLV, and have been...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best way to invest in gold as a hedge against inflation without having to hold physical gold? ### Answer: Investing in gold without having physical gold is not really a hedge against infla...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why having large capital is advantageous to trading ### Answer: Excess capital is the primary means of navigating around a trade which is moving against you. In a very basic case, consider a long posi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why having large capital is advantageous to trading ### Answer: It is a general truism but the reasons are that the rules change dramatically when you simply have more capital. Here are some examples,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why having large capital is advantageous to trading ### Answer: You wouldn't want to trade with too small amount of capital - it becomes harder and more expensive to diversify with a small account. Al...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I be investing in bonds as part of a diversified portfolio? ### Answer: For most people, you don't want individual bonds. Unless you are investing very significant amounts of money, you are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I be investing in bonds as part of a diversified portfolio? ### Answer: Buy a fund of bonds, there are plenty and are registered on your stockbroker account as 'funds' rather than shares. O...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I utilize my money as I begin grad school? ### Answer: For some ideas on investing priority guidelines, see Oversimplify it for me: the correct order of investing. Congratulations on being ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to invest to become millionaire? ### Answer: I get the sense that this is a "the world is unfair; there's no way I can succeed" question, so let's back up a few steps. Income is the starting...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to invest to become millionaire? ### Answer: You're ignoring inflation. Even if we assume the ECB sticks to its 2% inflation target, and your salary only rises in line with inflation, you w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to invest to become millionaire? ### Answer: If your take-home salary after taxes etc is 35K / year, and you say you will be able to save at most 40% of that, you will need to find something...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Must a company have a specific number of employees to do an IPO? ### Answer: While there is no legal reason to have a minimum number of employees, there can be a practical reason. They want to look ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Must a company have a specific number of employees to do an IPO? ### Answer: No, there is no minimum employee limit in order for a company to initiate an initial public offering. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Must a company have a specific number of employees to do an IPO? ### Answer: Working for a lot of startups, I have seen this cycle. Really it has little to do with making the IPO look good because of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Withdrawing cash from investment: take money from underperforming fund? ### Answer: It looks like the advice the rep is giving is based primarily on the sunk cost fallacy; advice based on a fallacy is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Withdrawing cash from investment: take money from underperforming fund? ### Answer: The root of the advice Bob is being given is from the premise that the market is temporarily down. If the market ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Withdrawing cash from investment: take money from underperforming fund? ### Answer: Bob should treat both positions as incomplete, and explore a viewpoint which does a better job of separating value f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Withdrawing cash from investment: take money from underperforming fund? ### Answer: I think that Bob has good reasons for his planned spending and should follow his plan, not the dubious advice from a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Withdrawing cash from investment: take money from underperforming fund? ### Answer: I think the advice Bob is being given is good. Bob shouldn't sell his investments just because their price has gone ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: $1.44 million in holdings: Help my non-retired, 80-year-old dad invest it ### Answer: This is not the answer you were hoping for. I recommend that you stay out of it and let your parents do what the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will anything happen to me if the AMT is not re-established before 2011? ### Answer: According to pages 6 & 7 of the instructions for form 1040 in 2009 AMT was only temporarily patched for the year. C...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will anything happen to me if the AMT is not re-established before 2011? ### Answer: Depending on your income, you may owe AMT instead of the taxes from the regular code. Even if you don't do that, y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Iraqi Dinars. Bad Investment, or Worst Investment? ### Answer: Iraq is a US vassal/puppet state. I'm not sure what 500 South Vietnamese Dong were worth in 1972, but today the paper currency is worth $...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Iraqi Dinars. Bad Investment, or Worst Investment? ### Answer: Currency, like gold and other commodities, isn't really much of an investment at all. It doesn't actually generate any return. Its value ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Iraqi Dinars. Bad Investment, or Worst Investment? ### Answer: Once a currency loses value, it never regains it. Period. Granted there have been short term periods of deflation, as well as periods whe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is a probability cone read? ### Answer: A number of ways exist to calculate the chances of a particular outcome. Options, for example, use current price, cost of money, and volatility among other ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does an industry 'standard' have any affect on when a stock might split? ### Answer: You ask if Tesla being a car company should feel a pressure to split their stock because their share price is much ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can a CPA do that an EA cannot, and vice versa? ### Answer: Enrolled Agents typically specialize only in tax matters. Their status allows them to represent clients before the IRS (which a CPA ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can a CPA do that an EA cannot, and vice versa? ### Answer: Although they may have some similar functions, CPAs and Enrolled Agents operate in two rather different areas of the accounting "space....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ex-dividend date: How long do I have to hold a stock in order to get the next dividend? ### Answer: You only have to own it for a day (or rather for some amount of time before the close of trading the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When can you use existing real estate as collateral to buy more? ### Answer: You put 20% down and already owe the 80% or $80k, so you don't have the ability to borrow $100k or even $20k for that matte...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When can you use existing real estate as collateral to buy more? ### Answer: Generally, when you own something - you can give it as a collateral for a secured loan. That's how car loans work and that'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When can you use existing real estate as collateral to buy more? ### Answer: It would be good to know which country you are in? You are basically on the right track with your last point. Usually when ...