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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it preferable to move emergency savings/retirement into offset mortgage? ### Answer: I think the key thing is flexibility - the money is not tied in with the offset mortgage. If you find a better i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it preferable to move emergency savings/retirement into offset mortgage? ### Answer: The way offset mortgages work, you are keeping savings in an account effectively earning the rate of the mortgag...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When I sell an OTC stock, do I have to check the volume of my sale in order to avoid an NSCC illiquid charge? ### Answer: It's not enough just to check if your order doesn't exceed 10% of the 20 day a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a currency “hedged” ETF actually a more speculative instrument than an unhedged version? ### Answer: Currency hedge means that you are somewhat protected from movements in currency as your investme...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a currency “hedged” ETF actually a more speculative instrument than an unhedged version? ### Answer: The risk of any investment is measured by its incremental effect on the volatility of your overa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a currency “hedged” ETF actually a more speculative instrument than an unhedged version? ### Answer: Overall, since gold has value in any currency (and is sort of the ultimate reserve currency), wh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a currency “hedged” ETF actually a more speculative instrument than an unhedged version? ### Answer: I will just try to come up with a totally made up example, that should explain the dynamics of t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I open a Roth IRA or invest in the S&P 500? ### Answer: Your question indicates confusion regarding what an Individual Retirement Account (whether Roth or Traditional) is vs. the S&P 500, which...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I open a Roth IRA or invest in the S&P 500? ### Answer: A Roth IRA is simply a tax-sheltered account that you deposit funds into, and then invest however you choose (within the limits of the fi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I open a Roth IRA or invest in the S&P 500? ### Answer: Anytime you invest in stocks, you do that inside an investment account - such as the type you might open at ETrade, Vanguard, Fidelity or...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Looking to buy a house in 1-2 years. Does starting a Roth IRA now make sense? ### Answer: With a Roth IRA, you can withdraw the contributions at any time without penalty as long as you don't withdraw ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Looking to buy a house in 1-2 years. Does starting a Roth IRA now make sense? ### Answer: If you are going to be buying a house in 1-2 years, I would be putting my money into a short term holding area...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Looking to buy a house in 1-2 years. Does starting a Roth IRA now make sense? ### Answer: First, look at the local housing market, and the price to rent ratios. If you are comfortable that a house can...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Looking to buy a house in 1-2 years. Does starting a Roth IRA now make sense? ### Answer: Lets do the math (assuming a lot of stuff, like your interest rates and that you make the contribution at the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the point of a benchmark? ### Answer: Markets tend to go up over time, so most things you could buy would make money. A benchmark is meant to represent the market as a whole (or a subset that i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the point of a benchmark? ### Answer: Yes an index is by definition any arbitrary selection. In general, to measure performance there are 2 ways: By absolute return - meaning you want a positiv...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the point of a benchmark? ### Answer: Some years your portfolio may perform better than the benchmark, and some years it may be the other way around. Without a benchmark you will never know. A...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the point of a benchmark? ### Answer: One reason it matters whether or not you're beating the S&P 500 (or the Wilshire 5000, or whatever benchmark you choose to use) is to determine whether or ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What extra information might be obtained from the next highest bids in an order book? ### Answer: The Level 2 data is simply showing the depth of the market. If I am trading shares with my broker I ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What extra information might be obtained from the next highest bids in an order book? ### Answer: My broker collates the order book by price and marketplace, displaying the number of shares available ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: It is worth using a discount stock broker? I heard they might not get the best price on a trade? ### Answer: They're not negotiating trade rates for you, you set the trade rates in your order. What th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: It is worth using a discount stock broker? I heard they might not get the best price on a trade? ### Answer: Always use limit orders never market orders. Period. Do that and you will always pay what y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Transfer of stock of non-public company after vesting ### Answer: If the company is non-public, your hands are tied. Most startups have a Stock Option Plan with specific rules on the shares. In almost...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does Portfolio Turnover affect my investment? ### Answer: may result in more taxes when Fund shares are held in a taxable account. When the fund manager decides to sell shares of a stock, and th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does Portfolio Turnover affect my investment? ### Answer: As Kurt Vonnegut said, the way to make money is to be there when large amounts of money are changing hands and take a little for yourself;...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much do brokerages pay exchanges per trade? ### Answer: There is no one answer to this question, but there are some generalities. Most exchanges make a distinction between the passive and the aggr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: New to investing — I have $20,000 cash saved, what should I do with it? ### Answer: You're not clueless at all. You don't mention that you have any debt, but if you have consumer debt, you might want ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: New to investing — I have $20,000 cash saved, what should I do with it? ### Answer: @mbhunter and @JoeTaxpayer have given good advice. Were I in your situation, the only thing I might do differently i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: New to investing — I have $20,000 cash saved, what should I do with it? ### Answer: I have questions for you - As the others have stated, now really isn't the time to do anything to turn short term li...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: New to investing — I have $20,000 cash saved, what should I do with it? ### Answer: As @mbhunter says, make sure you pay off any debt you have first. Then, it's a good idea to keep some or all of you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: New to investing — I have $20,000 cash saved, what should I do with it? ### Answer: Just my 2 cents, I read on the book, The WSJ Financial Guidebook for New Parents, that "the average family spends be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: New to investing — I have $20,000 cash saved, what should I do with it? ### Answer: This advice will be too specific, but... With the non-retirement funds, start by paying off the car loan if it's mor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: New to investing — I have $20,000 cash saved, what should I do with it? ### Answer: My advice to you is not to take any advice from anyone when it comes to investing, especially when you don't know mu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: New to investing — I have $20,000 cash saved, what should I do with it? ### Answer: Another thought: Higher education in the US is frightfully expensive with the sticker price for a 4-year undergradua...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: New to investing — I have $20,000 cash saved, what should I do with it? ### Answer: I don't agree with others regarding paying off debt ASAP. You only have auto loan and auto loans are actually good f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I include my hard assets as part of my net worth? ### Answer: If the value of these hard assets is significant you probably have them insured, and for significant art work you should have had t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I include my hard assets as part of my net worth? ### Answer: Net worth is interesting as it can have a different number assigned depending on your intent. The number I focus on is my total re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is meant by “buy-side firm” and “sell-side firm”? ### Answer: Traditionally, dealers and broker-dealers were in contact with the actual producers of a product or issuers of a security, selling it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to report “foreign tax paid” from 1099-DIV? ### Answer: You can always take deduction for foreign tax paid on Schedule A, or calculate foreign tax credit using form 1116. Credit is usually more be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who owns historical valuations about equity such as stocks and index funds? ### Answer: I expect that data may be copyright. Data that's published (e.g. on a newsfeed or web site) is subject to terms ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to estimate a reasonable amount for a signing bonus? ### Answer: So you've already considered relocation. Here are a few additional things to consider with respect to negotiating a signing bonus (...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to estimate a reasonable amount for a signing bonus? ### Answer: Signing bonuses are probably the most variable of all, as there is a general understanding that more personal factors are taken int...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are SPDR funds good for beginners? ### Answer: No, SPDR ETFs are not a good fit for a novice investor with a low level of financial literacy. In fact, there is no investment that is safe for an absol...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to make use of EUR/USD fluctuations in my specific case? ### Answer: This is called currency speculation, and it's one of the more risky forms of investing. Unless you have a crystal ball that te...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to make use of EUR/USD fluctuations in my specific case? ### Answer: Remember that converting from EU to USD and the other way around always costs you money, at least 0.5% per conversion. Addition...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to make use of EUR/USD fluctuations in my specific case? ### Answer: I would make this a comment but I am not allowed apparently. Unless your continent blows up, you'll never lost all your money. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment strategy for 401k when rolling over soon ### Answer: You will be rolling over the proceeds, since you can only deposit cash into an IRA. However, this should probably not affect your consid...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment strategy for 401k when rolling over soon ### Answer: The time horizon for your 401K/IRA is essentially the same, and it doesn't stop at the day you retire. On the day you do the rollover yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why gamma scalping is not advised for retail traders with reg T margin ### Answer: My interpretation of that sentence is that you can't do the buying/selling of shares outright (sans margin) because o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do many British companies offer a scrip dividend option in lieu of cash? ### Answer: There are quite a few reasons that a company may choose to pay dividends rather than hold cash [increasing the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good idea to rebalance without withdrawing money? ### Answer: Rebalancing has been studied empirically quite a bit, but not particularly carefully and actually turns out to be very hard to stu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good idea to rebalance without withdrawing money? ### Answer: Yes, rebalancing with new money avoids capital gains taxes and loads (although if you're financially literate enough to be thinkin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good idea to rebalance without withdrawing money? ### Answer: There will quickly come a time when buying to rebalance is impractical. Consider, you save 10%, and at some point, you have 5x you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are quarterly earnings released first via a press release on the investor website, via conference call, or does it vary by company? ### Answer: the financial information is generally filed via SEDAR (...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are quarterly earnings released first via a press release on the investor website, via conference call, or does it vary by company? ### Answer: Companies typically release their earnings before the ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are quarterly earnings released first via a press release on the investor website, via conference call, or does it vary by company? ### Answer: Companies release their earnings reports over news agenc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the “Free Ride” rule always apply to your entire collection of shares in a particular stock? ### Answer: Your question is unanswerable as you haven't provided enough information. I.e. If those sh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the “Free Ride” rule always apply to your entire collection of shares in a particular stock? ### Answer: You should check with your broker for details, but you can generally specify which "lot" y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does BlackRock's XIN page show XIN as having only 1 holding? ### Answer: EFA must be bought and sold in US dollars. XIN allows people to buy and sell EFA in Canadian dollars without exposing their...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does BlackRock's XIN page show XIN as having only 1 holding? ### Answer: On BlackRock's XIN page under Key Facts it says the number of holdings as 1. Looking at the top 10 holdings shows EFA as th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Invest all at once after maxing out Roth IRA - or each time I contribute? ### Answer: This depends on the terms and conditions of your IRA account, and those of the investments you have chosen. In gen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Invest all at once after maxing out Roth IRA - or each time I contribute? ### Answer: If you are like most people, your timing is kind of awful. What I mean by most, is all. Psychologically we have ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Married Couple - Open investment account Separate or Joined? ### Answer: I don't believe it makes a difference at the federal level -- if you file taxes jointly, gains, losses, and dividends appear on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Changed from job that had a 401K, and the new one doesn't. How do I answer when filing? ### Answer: If you had a retirement plan at any time in 2013 you are considered covered by an plan. Are You Cove...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When and how should I pay taxes on ForEx trades? ### Answer: Legally speaking, when you convert that bit-coin onto something else, the Israeli Tax Authority will look into the value of that something ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When and how should I pay taxes on ForEx trades? ### Answer: I don't know how taxes work in Israel, but I imagine it is relatively similar to taxes in the US. In the US you need to pay taxes on invest...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When and how should I pay taxes on ForEx trades? ### Answer: I guess Bitcoin are not that popular yet and hence there are no specific regulations. If currently it gets debated, it would be treated mor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Consolidating company pensions ### Answer: Have you shopped around? I would agree that the fees seem high. The first question I would ask if if the .75% management fee is per year or per month? If...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Consolidating company pensions ### Answer: I've been down the consolidation route too (of a handful of DC pensions; the DB ones I've not touched, and you would indeed need advice to move those around)...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: US Stock Market - volume based real-time alert ### Answer: This would be a nice Raspberry Pi project for Mathematica, which comes bundled free on the Raspbian OS. You can program it up and leave it r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: US Stock Market - volume based real-time alert ### Answer: TdAmeritrade offers this service for free using 3rd party company markit. From markit's site, below is their guarantee. http://www.markit.c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: US Stock Market - volume based real-time alert ### Answer: Real-time equity (or any other market) data is not available for free anywhere in the US. It is always delayed by 10-15 minutes. On the oth...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How and where can I deposit money to generate future payments / income? ### Answer: Reversing your math, I am assuming you have $312K to work with. In that case, I would simply shop around your local...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How and where can I deposit money to generate future payments / income? ### Answer: If you're in the USA and looking to retire in 10 years, pay your Social Security taxes? :P Just kidding. Do a search...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why buying an inverse ETF does not give same results as shorting the ETF ### Answer: Suppose that the ETF is currently at a price of $100. Suppose that the next day it moves up 10% (to a price of $11...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why buying an inverse ETF does not give same results as shorting the ETF ### Answer: The most fundamental answer is that when you short a stock (or an ETF), you short a specific number of shares on a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a market maker sell (buy) at a bid or ask price? ### Answer: EVERYONE buys at the ask price and sells at the bid price (no matter who you are). There are a few important things you need to unders...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a market maker sell (buy) at a bid or ask price? ### Answer: The answer posted by Kirill Fuchs is incorrect according to my series 65 text book and practice question answers. The everyday investo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a market maker sell (buy) at a bid or ask price? ### Answer: I think your confusion has arisen because in every transaction there is a buyer and a seller, so the market maker buys you're selling,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a market maker sell (buy) at a bid or ask price? ### Answer: The everyday investor buys at the ask and sells at the bid but the market maker does the opposite This is misleading; it has nothing t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a market maker sell (buy) at a bid or ask price? ### Answer: Market Makers are essentially just there to process the buys and sells of traders, so just like you and I buy and sell at the ask and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to continuously plot futures data ### Answer: Note that the series you are showing is the historical spot index (what you would pay to be long the index today), not the history of the futures quot...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I negotiate a lower salary to be placed in a lower tax bracket? ### Answer: No, absolutely not. Income tax rates are marginal. The tax bracket's higher tax rate only applies to extra dollars ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I negotiate a lower salary to be placed in a lower tax bracket? ### Answer: No. In a marginal tax system, only additional dollars that push you into a higher bracket are taxed at that higher r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I negotiate a lower salary to be placed in a lower tax bracket? ### Answer: I think Feral Oink said it well here when someone asked if they should negotiate for additional benefits in lieu of a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I negotiate a lower salary to be placed in a lower tax bracket? ### Answer: If your employer offers a 401k retirement plan then you can contribute a portion of your salary to your retirement an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I diversify $7k across ETFs and stocks? ### Answer: You don't really have a lot of money, and that isn't a criticism as much as that you are limited to diversification. For example, I would e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I diversify $7k across ETFs and stocks? ### Answer: An index fund is inherently diversified across its index -- no one stock will either make or break the results. In that case it's a matter o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I diversify $7k across ETFs and stocks? ### Answer: You may want to look into robo-investors like Wealthfront and Betterment. There are many others, just search for "robo investor". ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I diversify $7k across ETFs and stocks? ### Answer: When you are starting out using a balanced fund can be quite advantageous. A balanced fund is represents a diversified portfolio in single f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I diversify $7k across ETFs and stocks? ### Answer: nan ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Bitcoin Cost Basis Purchases ### Answer: As long as the IRS treats bitcoin as property, then whenever you use bitcoin to buy anything you are supposed to consider the capital gain or capital loss. The...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the Black-Scholes Model apply to American Style options? ### Answer: The difference between an American and European option is that the American option can be exercised at any time, whereas the E...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the Black-Scholes Model apply to American Style options? ### Answer: Black-Scholes is "close enough" for American options since there aren't usually reasons to exercise early, so the ability to d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the Black-Scholes Model apply to American Style options? ### Answer: A minor tangent. One can claim the S&P has a mean return of say 10%, and standard deviation of say 14% or so, but when you run...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the Black-Scholes Model apply to American Style options? ### Answer: Just a few observations within the Black-Scholes framework: Next, you can now use the Black-Scholes framework (stock price is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the Black-Scholes Model apply to American Style options? ### Answer: as no advantage from exerting American call option early,we can use Black schole formula to evaluate the option.However, Ameri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some good ways to control costs for groceries? ### Answer: For a while I tried shopping multiple grocery stores, checking fliers each week from three different stores and then making the trip...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some good ways to control costs for groceries? ### Answer: Probably my biggest cost saving is to make my own sandwiches for lunch. I take this one step further by buying joints of meat to roa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some good ways to control costs for groceries? ### Answer: Definitely don't grocery shop when you're hungry. Also, watch for sales, and then buy in bulk and freeze it. ###end