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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay off entire mortgage or put into investments ### Answer: At the moment the interest rate... implies a variable rate mortgage. I believe rates are only going to go up from here. So, if I were in yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay off entire mortgage or put into investments ### Answer: At the area where I live (Finland), banks typically charge a lot more for additional mortgage credit taken after purchasing the house. So, i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Lifetime ISA: What are the chances of a reputable Bank offering it? ### Answer: The Skipton Building Society has recently announced that it is offering a cash LISA. According to the papers it is the f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Changing the price in a limit order ### Answer: This depends on the stock exchange in question. Generally if you modify an existing order [including GTC], these are internally treated as Cancel/Replac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do algorithmic trading platforms typically have live-data access to stock data? ### Answer: Algorithmic trading doesn't necessarily require live feeds. It is a very generic term describing trading bas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do algorithmic trading platforms typically have live-data access to stock data? ### Answer: Yes, Interactive Brokers is a good source for live data feeds and they have an API which is used to programm...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Looking for good investment vehicle for seasonal work and savings ### Answer: Most online "high yield" savings accounts are paying just above 1%. That would be 1.05% for American Express personal sav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Looking for good investment vehicle for seasonal work and savings ### Answer: There are no risk-free high-liquidity instruments that pay a significant amount of interest. There are some money-market ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Looking for good investment vehicle for seasonal work and savings ### Answer: In the short-term, a savings account with an online bank can net you ~1% interest, while many banks/credit unions with loc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Warrant shares/UNIT ### Answer: A warrant is similar to a call option (the right to buy stock at a certain price), with the difference that warrants are filled by the issuing company with new shares, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: US Taxes - Handling Capital Losses from previous years with current capital gains ### Answer: No one can advise you on whether to hold this stock or sell it. Your carried losses can offset short or lo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wardrobe: To Update or Not? How-to without breaking the bank ### Answer: New clothes isn't exactly an emergency expense :) so I would strongly suggest that you budget for it on a monthly basis. This d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wardrobe: To Update or Not? How-to without breaking the bank ### Answer: Sounds more of a question for the fine people at StyleForum.net but i would suggest to start looking carefully at the quality o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wardrobe: To Update or Not? How-to without breaking the bank ### Answer: I buy new clothes when the old ones fall apart, literally. When jeans get holes in the knees, they're relegated to gardening or...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wardrobe: To Update or Not? How-to without breaking the bank ### Answer: The best way to save on clothes is up to you. I have friends who save all year for two yearly shopping trips to update anythin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wardrobe: To Update or Not? How-to without breaking the bank ### Answer: If you budget for cloths and save up the money, you may be able to take advantage of sales when they are on. However only buy...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wardrobe: To Update or Not? How-to without breaking the bank ### Answer: The way I handle clothing purchases, is I save a little bit with each paycheck but don't commit to spending each month. I wait...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wardrobe: To Update or Not? How-to without breaking the bank ### Answer: We have a ton of student loan debt (mostly mine) and right now, I'm on a strict 'replace' only budget. I have some shirts I pu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does the yield on my investments stack up against other investors? ### Answer: It can be pretty hard to compute the right number. What you need to know for your actual return is called the dollar-...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does the yield on my investments stack up against other investors? ### Answer: Generally S&P 500 will be used as the benchmark for US investors because it represents how's the US market performs a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does the yield on my investments stack up against other investors? ### Answer: From an article I wrote a while back: “Dalbar Inc., a Boston-based financial services research firm, has been measuri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the valuation of a company based on? ### Answer: The textbook answer would be "assets-liabilities+present discounted value of all future profit". A&L is usually simple (if a company has an ex...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the valuation of a company based on? ### Answer: There is no such thing as a correct value. There are different ways to calculate (read: guess) an anticipated value, but neither of them is the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the valuation of a company based on? ### Answer: It's safe to say that for mature companies, with profits that have been steady, and steadily growing, that a multiple of earnings can come into...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First Job, should I save or invest? ### Answer: There is no absolute answer to this as it depends on your particular situation, but some tips: As to investing versus saving, you need to do some of bot...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First Job, should I save or invest? ### Answer: Save enough to build an emergency cushion of 4-6 months total expenses. After that, invest everything you can in areas where you are well researched and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First Job, should I save or invest? ### Answer: Since you seem to be interested in investing in individual stocks, this answer will address that. As for the general question of investing, the answer ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First Job, should I save or invest? ### Answer: Congrats on your first real job! Save as much as your can while keeping yourself (relatively) comfortable. As to where to put your hard earned money, f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A calculator that takes into account portfolio rebalancing? ### Answer: My answer is Microsoft Excel. Google "VBA for dummies" (seriously) and find out if your brokerage offers an 'API'. With a brie...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A calculator that takes into account portfolio rebalancing? ### Answer: R has really good package that lets you calculate the return of rebalanced portfolios. The package is called: PerformanceAnalyti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A calculator that takes into account portfolio rebalancing? ### Answer: Quicken has tools for this, but they have some quirks so i hesitate to actually recommend it on that basis. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A calculator that takes into account portfolio rebalancing? ### Answer: Note that if 1) The stock prices are continuously differentiable (they aren't) 2) You rebalance continuously in the absence of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does implied volatility always rise as earnings announcements approach? ### Answer: Changes in implied volatility are caused by many things, of course, and it is tough to isolate the effect you are de...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I early exercise unvested ISOs when the FMV is above the strike price? ### Answer: In the question you cited, I assumed immediate exercise, that is why you understood that I was talking about 3...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Cash out 401k for house downpayment ### Answer: Does it ever make sense? Yes, but almost never. If you're in a situation where you're invested in something with low rates (think government securities...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Cash out 401k for house downpayment ### Answer: As @AlexKuhl says, ever? yes, but generally? no. If your 401k is invested in stocks and bonds, the long term return is very likely higher than the inter...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Cash out 401k for house downpayment ### Answer: Absolutely never.Even in a hot market, it's like picking up dimes in front of a bulldozer. It's just plain stupid. If you can't afford a 20% down payme...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a “margin-call” and how are they enforced? ### Answer: Simplest way to answer this is that on margin, one is using borrowed assets and thus there are strings that come with doing that. Thus, i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a “margin-call” and how are they enforced? ### Answer: If you don't have a margin account, then you will not have margin calls. You need a margin account if you wish to "buy on margin", to sel...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: irr calculation on stock with dividends ### Answer: Re. question 2 If I buy 20 shares every year, how do I get proper IRR? ... (I would have multiple purchase dates) Use the money-weighted return ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: irr calculation on stock with dividends ### Answer: I use the following method. For each stock I hold long term, I have an individual table which records dates, purchases, sales, returns of cash, divi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is gold not a good investment? ### Answer: Gold is not really an investment at all, because it doesn't generate an income. It's only worth money because people think it's worth money (it has some...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is gold not a good investment? ### Answer: If you buy a gold brick and put it in a pillow, after one year you still have one gold brick. People may value it more than before or less then before, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is gold not a good investment? ### Answer: I think what the person meant to say is that Gold is not a one stop solution. There's nothing wrong with having Gold in an otherwise diversified portfol...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is gold not a good investment? ### Answer: Gold since the ancient time ( at least when it was founded) has kept its value. for example the french franc currency was considered valuable in the yea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the smartest way to invest money gifted to a child? ### Answer: I was in a similar situation with my now 6 year old. So I'll share what I chose. Like you, I was already funding a 529. So I op...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the smartest way to invest money gifted to a child? ### Answer: American Century has their Heritage Fund: https://www.americancentury.com/sd/mobile/fund_facts_jstl?fund=30 It has a good track r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the smartest way to invest money gifted to a child? ### Answer: CDs pay less than the going rate so that the banks can earn money. Investing is risky right now due to the inaction of the Fed. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do stock prices really go down by the amount of the dividend? ### Answer: Ex-Dividend Price Behavior of Common Stocks would be a study from the Federal Reserve Bank of Minneapolis and University of Mi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do stock prices really go down by the amount of the dividend? ### Answer: Here is one study http://rfs.oxfordjournals.org/content/7/4/711.short I quote from the abstract "In a variety of tests, margi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do stock prices really go down by the amount of the dividend? ### Answer: It might be clearer to think of it as price going up when a dividend is expected, since that's money you'll get right back. As...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do those who invest large amounts of money in stocks pay typical brokerage commissions? ### Answer: Other than the brokerage fee you should also consider the following: Some brokerages provide extra p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Understanding the T + 3 settlement days rule ### Answer: For margin, it is correct that these rules do not apply. The real problem becomes day trading funding when one is just starting out, broker sp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Understanding the T + 3 settlement days rule ### Answer: The key word you forgot to include from Slide 29 is: Free-Riding Investopedia defines free-riding as: In the context of a brokerage firm, a fre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Upcoming company merger with company I have stock in, help me interpret what is happening ### Answer: The "par value" is a technicality that you can ignore in this case, and it has nothing directly to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What do stock market index future bid/ask quotes mean? ### Answer: Well, futures don't have a "strike" like an option - the price represents how much you're obligated to buy/sell the index for at a sp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should one invest in smaller valued shares in higher amounts, or higher valued shares in smaller amounts? ### Answer: Short answer: No, it only matters if you want to use covered calls strategies. The...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should one invest in smaller valued shares in higher amounts, or higher valued shares in smaller amounts? ### Answer: There's a case to be made that companies below a certain market cap have more pote...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to mitigate the risk of Euro Stoxx 50 ETF? ### Answer: While you would reduce risk by diversifying into other stock ETFs across the world, Developed Market returns (and Emerging Markets to a lesse...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to mitigate the risk of Euro Stoxx 50 ETF? ### Answer: You could go with either of: Choosing this you'd pretty much have minimized your risk by using the whole world asa market. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to buy stock on the Toronto Stock Exchange? ### Answer: You probably bought the cross listed WestJet stock. If you wanted to buy shares on the TSE, I'd suspect you'd have to find a way to open a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to buy stock on the Toronto Stock Exchange? ### Answer: While most all Canadian brokers allow us access to all the US stocks, the reverse is not true. But some US brokers DO allow trading on fore...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I find the mappings between sedol and isin codes? ### Answer: There is a relatively straightforward transformation explained on the Wikipedia page here and on the links from that page. Note t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I find the mappings between sedol and isin codes? ### Answer: You can get this information through Bloomberg, but it's a paid service. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a candlestick pattern that guarantees any kind of future profit? ### Answer: I would go even farther than Victor's answer. There is little evidence that candlestick patterns and technical an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a candlestick pattern that guarantees any kind of future profit? ### Answer: I love technical analysis, and use candlesticks as part of my technical analysis system for trading mutual funds i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a candlestick pattern that guarantees any kind of future profit? ### Answer: I did a historical analysis a few years back of all well-known candlestick patterns against my database of 5 years...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a candlestick pattern that guarantees any kind of future profit? ### Answer: By definition, there are no guaranteed profits. There are sometimes arbitrage opportunities, which are more access...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a candlestick pattern that guarantees any kind of future profit? ### Answer: John Person has a pattern called the High Close Doji that is probably the most reliable signal in the world of can...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a candlestick pattern that guarantees any kind of future profit? ### Answer: Nothing is guaranteed - candlesticks are not crystal balls nor is any part of technical analysis. Candlestick patt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a candlestick pattern that guarantees any kind of future profit? ### Answer: A good poker player lowers the bet on the downside and increases it on the up, by 3 to 10 times. They'll win, and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I lose more on Forex than I deposit? ### Answer: If you don't use leverage you can't lose more than you invested because you "play" with your own money. But even with leverage when you reach a cer...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I lose more on Forex than I deposit? ### Answer: It's the same as with equities. If you're just buying foreign currencies to hold, you can't lose more than you invest. But if you're buying derivat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I lose more on Forex than I deposit? ### Answer: FX is often purchased with leverage by both retail and wholesale speculators on the assumption daily movements are typically more restrained than a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I lose more on Forex than I deposit? ### Answer: Contrary to what other people said I believe that even without leverage you can lose more that you invest when you short a FX. Why? because the amo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much will a stock be worth after a merger? ### Answer: For the first and last questions, I can do this multiple ways. For the middle question, I'll just make up values. If you want different one...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much will a stock be worth after a merger? ### Answer: It depends. If you accept the offer, then your stock will cease existing. If you reject the offer, then you will become a minority sharehol...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much will a stock be worth after a merger? ### Answer: If this is a one to one share exchange with added cash to make up the difference in value, you're getting 1 share of XYZ plus $19.20 in cash ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I prepare for the next financial crisis? ### Answer: How would gold have protected you during the 2007/8 crisis? In no way, shape or form. The ways to protect yourself at any time are: Bor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I prepare for the next financial crisis? ### Answer: Those ‘crises’ are only an issue if you need your savings during the time of crisis. If you have time to sit it out, you should just do ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I prepare for the next financial crisis? ### Answer: Your asset mix should reflect your own risk tolerance. Whatever the ideal answer to your question, it requires you to have good timing,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I prepare for the next financial crisis? ### Answer: In the 2008 housing crash, cash was king. Cash can make your mortgage payment, buy groceries, utilities, etc. Great deals on bank owned...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I prepare for the next financial crisis? ### Answer: A somewhat provocative (but not unserious) proposal: Rent, don't buy a house to live in. In 2007/8, the thing that got many people in de...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the daily rebalanced leverage ratio that is ideal for the S&P 500 based on past performance? ### Answer: The reason that UltraLong funds and the like are bad isn't because of the leverage rati...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are my options other than stock piling money in a savings account? ### Answer: I think you need to understand the options better before you go around calling anything worthless... $11k in a 1% s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I consider when selecting a broker/advisor to manage my IRA? ### Answer: This is not a direct answer to your question, but you might want to consider whether you want to have a financial p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I consider when selecting a broker/advisor to manage my IRA? ### Answer: I've not gotten an answer so far. Since I've started my search for a new financial planner here are the criteria I ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Simultaneous long/short India ### Answer: I know its not legal to have open long and short position on specific security (on two stock exchanges - NSE/BSE) There is nothing illegal about it. There are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My employer is switching 401k plan providers. How might this work in practice? ### Answer: Having gone though this type of event a few times it won't be a problem. On a specific date they will freeze ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My employer is switching 401k plan providers. How might this work in practice? ### Answer: A few years ago our company switched from Fidelity to a different 401k provider. During the blackout transiti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What would be the signs of a bubble in silver? ### Answer: How I recognize a silver bubble: I don't think silver is in a bubble. You state: What goes up, must come down I'm not sure I agree with this....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What would be the signs of a bubble in silver? ### Answer: The problem with commodities is that they don't produce income. With a stock or bond, even if you never sold it to anyone or it wasn't public...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What would be the signs of a bubble in silver? ### Answer: @fennec is right, no one knows. Here's a link that may help: http://pragcap.com/silver-prices-display-some-bubbly-characteristics I don't fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What would be the signs of a bubble in silver? ### Answer: If markets were perfectly efficient, the price should reflect everything that is currently known about the future of a commodity. If it is k...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What would be the signs of a bubble in silver? ### Answer: In my opinion, you're in a precious metals "bubble" when rising prices are driven by the people's desire the own the commodity without a reas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros and cons of investing in a cheaper vs expensive index funds that track the same index ### Answer: As has been pointed out, one isn't cheaper than the other. One may have a lower price per share t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros and cons of investing in a cheaper vs expensive index funds that track the same index ### Answer: So, why or why should I not invest in the cheaper index fund? They are both same, one is not chea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros and cons of investing in a cheaper vs expensive index funds that track the same index ### Answer: Cheaper would refer to the fees of a fund rather than the share price, IMO. Are 2 quarters worth ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there limits on frequency of withdrawal from Roth 401K? ### Answer: Back in the late 80's I had a co-worked do exactly this. In those days you could only do things quarterly: change the percentage...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Possible Risks of Publicizing Personal Stock Portfolio ### Answer: I am considering making my investment history publicly available online What is the benefit you are looking for by doing this? Just t...