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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: Also make a menu and make a shopping list from that. It will help you control how much you buy, and help to enforce only buying wha...
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: Check out the bulk stores like BJs, Sam's Club or whatever else is available to you. You can definitely save money shopping there b...
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: Cooking cheaply is time consuming. We cook cheaply, but we take more time to do it. May be hard for a busy family. If you cook ever...
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: Set aside the amount of grocery money you want to spend in a week in cash. Then buy groceries only from this money. The first week m...
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: All excellent answers. Scott W. already mentioned to look out for sales and many other answers are ways to be smart with portions: ...
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: If you are willing to use one main credit card for shopping, use a grocery points rewards card like PC Financial Mastercard. Pay f...
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: This may not help with the overall grocery issue, but I find that there are items that I can do without the name brand version of. ...
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: Keep a notebook. (or spreadsheet, etc. whatever works) Start to track what things cost as few can really commit this all to memory. ...
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: Please stay away from snakes. Don't use a credit card to buy your food. Those credit companies will eat you alive. Those are reward ...
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: You may use an app called Flipp (or one that serves your area) to check fliers while in the store. If your preferred store has a pri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do insurance funds work? ### Answer: Sometimes 403b's contain annuities or other insurance related instruments. I know that in many New York schools the local teacher unions administer the 403b p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do insurance funds work? ### Answer: What is a 403b? A 403(b) plan is a tax-advantaged retirement savings plan available for public education organizations, some non-profit employers (only US Tax ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a W-8 form, and how should I fill it in? ### Answer: The IRS W-8BEN form (PDF link), titled "Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding", certifies tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: “Infinite Banking” or “Be Your Own Bank” via Whole Life Insurance…where to start? ### Answer: Can't tell you where to go for a good policy, but I can tell you that most brokers make a hefty commission...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: “Infinite Banking” or “Be Your Own Bank” via Whole Life Insurance…where to start? ### Answer: Keep in mind that the only advantage that using a tax favored account gives you is tax-free growth of the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: “Infinite Banking” or “Be Your Own Bank” via Whole Life Insurance…where to start? ### Answer: Why would you give them the money and borrow it back? If you didn't give it to them in the first place yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: “Infinite Banking” or “Be Your Own Bank” via Whole Life Insurance…where to start? ### Answer: There are a lot of false claims around the internet about this concept - the fact of the matter is you are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it smart to only invest in mid- and small-cap stock equity funds in my 401(k)? ### Answer: If the stock market dropped 30%-40% next month, providing you with a rare opportunity to buy stocks at a d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it smart to only invest in mid- and small-cap stock equity funds in my 401(k)? ### Answer: The benefit of the 401K and IRAs are that reallocating and re balancing are easy. They don't want you to m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it smart to only invest in mid- and small-cap stock equity funds in my 401(k)? ### Answer: Can you easily stomach the risk of higher volatility that could come with smaller stocks? How certain are ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it smart to only invest in mid- and small-cap stock equity funds in my 401(k)? ### Answer: Your initial premise (mid-cap and small-cap company stocks have outperformed the market) is partially corr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does high frequency trading (HFT) punish long-term investment? ### Answer: No, at least not noticeably so. The majority of what HFT does is to take advantage of the fact that there is a spread between...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does high frequency trading (HFT) punish long-term investment? ### Answer: I disagree strongly with the other two answers posted thus far. HFT are not just liquidity providers (in fact that claim is c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does high frequency trading (HFT) punish long-term investment? ### Answer: Not really. High frequency traders affect mainly short term investors. If everyone invested long-term and traded infrequently...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why Gamma is highest for an option that is at the money ### Answer: Yes, you've got it right. The change in price is less meaningful as the instrument is further from the price of the underlying. As...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to wait for a market downturn to do a Roth conversion? ### Answer: On average, the market will be down 1 year out of 4. 26 of the last 100 years on the S&P were negative. The Roth convers...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is an effective way to convert large sums of US based investments to foreign currencies? ### Answer: A stock, bond or ETF is basically a commodity. Where you bought it does not really matter, and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why not just invest in the market? ### Answer: Let me start by giving you a snippet of a report that will floor you. Beat the market? Investors lag the market by so much that many call the industry a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why not just invest in the market? ### Answer: The market is efficient, but it is not perfectly efficient. There are entities out there that consistently, legitimately, and significantly outperform th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why not just invest in the market? ### Answer: Perhaps someone has an investment objective different than following the market. If one is investing in stocks with an intent on getting dividend income ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why not just invest in the market? ### Answer: Most of it is probably due to ignorance and disbelief. A few years ago, I started doing week-long trades with my IRA. For a while I would make money each...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why not just invest in the market? ### Answer: Index funds do leech a "free ride" on the coattails of active traders. Consider what would happen if literally everyone bought index funds. For a compa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens with the “long” buyer of a stock when somebody else's short fails (that is, unlimited loss bankrupts short seller) ### Answer: Unless I am missing something subtle, nothing happens to the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Understanding SEC Filings ### Answer: The most important filings are: Form 10-K, which is the annual report required by the U.S. Securities and Exchange Commission (SEC) and Form 10-Q, for the interim...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Understanding SEC Filings ### Answer: There are a whole host of types of filings. Some of them are only relevant to companies that are publicly traded, and other types are general to just registered c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should you diversify your bond investments across many foreign countries? ### Answer: Adding international bonds to an individual investor's portfolio is a controversial subject. On top of the standa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should you diversify your bond investments across many foreign countries? ### Answer: The Vanguard Emerging Market Bond Index has a SEC yield of 4.62%, an expense ratio of 0.34%, a purchase fee of 0.7...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can this stock have an intra-day range of more than 90% on 24Aug2015? ### Answer: EDIT: It was System Disruption or Malfunctions August 24, 2015 2:12 PM EDT Pursuant to Rule 11890(b) NASDAQ, on ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can this stock have an intra-day range of more than 90% on 24Aug2015? ### Answer: As you know, the market is in turmoil today. At this moment, 11:45 am, the S&P is down 2.3%, 45 points. But, prema...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trying to figure out my student loans ### Answer: Is there anything here I should be deathly concerned about? I don't see anything you should be deathly concerned about unless your career outlook is v...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trying to figure out my student loans ### Answer: The 5% to 6.5% loan rates are a bit high. You'll probably want to pay those off first, and make it one of your priorities as soon as you have a 6-mont...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trying to figure out my student loans ### Answer: Is there anything here I should be deathly concerned about? A concern I see is the variable rate loans. Do you understand the maximum rate they can ge...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Short term parking of a large inheritance? ### Answer: Safe short term and "pay almost nothing" go hand in hand. Anything that is safe for the short term will not pay much in interest/appreciation. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Short term parking of a large inheritance? ### Answer: I am sorry for your loss, this person blessed you greatly. For now I would put it in a savings account. I'd use a high yield account like Ever...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Short term parking of a large inheritance? ### Answer: Here's what I suggest... A few years ago, I got a chunk of change. Not from an inheritance, but stock options in a company that was taken privat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Short term parking of a large inheritance? ### Answer: What are the options available for safe, short-term parking of funds? Savings accounts are the go-to option for safely depositing funds in a way ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Short term parking of a large inheritance? ### Answer: The person who told you "no-load funds" had the right idea. Since you are risk-averse, you tend to want a "value" fund; that is, it's not likely...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: U.S. Mutual Fund Supermarkets: Where are some good places to buy mutual funds? ### Answer: There are hundreds of entities which offer mutual funds - too many to adequately address here. If you need to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: U.S. Mutual Fund Supermarkets: Where are some good places to buy mutual funds? ### Answer: I personally like Schwab. Great service, low fees, wide variety of fund are available at no fee. TD Ameritrad...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Explain the details and benefits of rebalancing a retirement portfolio? ### Answer: Rebalancing a portfolio helps you reduce risk, sell high, and buy low. I'll use international stocks and large cap U...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Explain the details and benefits of rebalancing a retirement portfolio? ### Answer: Rebalancing your portfolio doesn't have to include selling. You could simply adjust your buying to keep your portfo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What steps should be taken, if any, when you find out your home's market value is underwater, i.e. worth less than the mortgage owed? ### Answer: Do you still enjoy living in your home? Can you afford...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What steps should be taken, if any, when you find out your home's market value is underwater, i.e. worth less than the mortgage owed? ### Answer: That's easy, keep making the payments and go on with l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What steps should be taken, if any, when you find out your home's market value is underwater, i.e. worth less than the mortgage owed? ### Answer: I will echo the others; your home should be worth more...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What steps should be taken, if any, when you find out your home's market value is underwater, i.e. worth less than the mortgage owed? ### Answer: Step back and take a deep breath. Pay your mortgage. r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I request to change 401k offerings from my employer, e.g. to invest in ETFs? ### Answer: The presence of the 401K option means that your ability to contribute to an IRA will be limited, it doesn't...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I request to change 401k offerings from my employer, e.g. to invest in ETFs? ### Answer: See if any of the funds they offer are index funds, which will generally have MUCH lower fees and which see...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Virtual currency investment ### Answer: I don't know much about paypal or bitcoin, but I can provide a little information on BTC(Paypal I thought was just a service for moving real currency). BTC has...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax exemptions for US stocks held in a Candian account ### Answer: The dividend tax credit is not applicable to foreign dividend income, so you would be taxed fully on every dollar of that income. Whe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much of each stock do index funds hold? ### Answer: In general, the goal of an S&P 500 index fund is to replicate the performance of the S&P 500 Index. To do this, the fund will buy the same stoc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much of each stock do index funds hold? ### Answer: An index fund is just copying the definition of an index. The group that defines the index determines how to weight the different parts of the i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much of each stock do index funds hold? ### Answer: Yes, it depends on the fund it's trying to mirror. The ETF for the S&P that's best known (in my opinion) is SPY and you see the breakdown of it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much of each stock do index funds hold? ### Answer: Note that an index fund may not be able to precisely mirror the index it's tracking. If enough many people invest enough money into funds based ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I be more aggressive in a Roth IRA, 401k, or taxable account? ### Answer: I think you may be drawing the wrong conclusion about why you put what type of investment in a taxable vs. tax-advantag...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do algorithmic traders make money from short-term or long-term gains? ### Answer: Algorithmic trading essentially banks on the fact that a price will fluctuate in tiny amounts over short periods of t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Question about Tax Information from a Prospectus ### Answer: At the end of each calendar year the mutual fund company will send you a 1099 form. It will tell you and the IRS what your account earned. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Question about Tax Information from a Prospectus ### Answer: A mutual fund could make two different kinds of distributions to you: Capital gains: When the fund liquidates positions that it holds, it m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the concept of an “odd lot” adjusted to stock price? ### Answer: I will assume that you are not asking in the context of high frequency trading, as this is Personal Finance Stack Exchange. It is co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do if the stock you brought are stopped trading ### Answer: The Indian regulator (SEBI) has banned trading in 300 shell companies that it views as being "Shady", including VB Industries. Accor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Borrow from 401k for down payment on rental property? ### Answer: the most important information that you provided was "I'm 25 years old". You have a few years to save for a rental property. Taking a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Borrow from 401k for down payment on rental property? ### Answer: Make sure you can really do what you plan on doing: Look at the maximum loan length and the maximum loan amount. From the IRS- retir...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Borrow from 401k for down payment on rental property? ### Answer: Another option you might consider is rolling over some of that 401K balance into a self-directed IRA or Solo 401K, specifically one wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Borrow from 401k for down payment on rental property? ### Answer: Two simple possibilities: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advice for opening an IRA as a newbie ### Answer: First, a Roth is funded with post tax money. The Roth IRA deposit will not offset any tax obligation you might have. The IRA is not an investment, it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advice for opening an IRA as a newbie ### Answer: If you want to 'offset' current (2016) income, only deductible contribution to a traditional IRA does that. You can make nondeductible contributions t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advice for opening an IRA as a newbie ### Answer: As other people have indicated, traditional IRAs are tax deductable for a particular year. Please note, though, that traditional IRAs are tax deferred...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is it possible to just take out a ton of credit cards, max them out and default in 7 years? ### Answer: Well, primarily because that's fraud and fraud prevents a debtor from receiving a discharge ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is it possible to just take out a ton of credit cards, max them out and default in 7 years? ### Answer: It may become difficult to rent a car or a hotel room. It may affect your ability to get a j...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is it possible to just take out a ton of credit cards, max them out and default in 7 years? ### Answer: I should apply for everything I can on the same day, get approved for as many as I can First...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is it possible to just take out a ton of credit cards, max them out and default in 7 years? ### Answer: The U.S. bankruptcy laws no longer make it simple to discharge credit card debt, so you can'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How late is Roth (rather than pretax) still likely to help? ### Answer: My simplest approach is to suggest that people go Roth when in the 15% bracket, and use pre-tax to avoid 25%. I outlined that st...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How late is Roth (rather than pretax) still likely to help? ### Answer: Years before retirement isn't related at all to the Pretax IRA/Roth IRA decision, except insomuch as income typically trends up ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I find/compare custodians for my HSA in the United States? ### Answer: In general, things to look for are: Things to look out for: I'd recommend two places: I'd recommend reading up on HSA's i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I find/compare custodians for my HSA in the United States? ### Answer: The account I have found that works best as a HSA is Alliant Credit Union. They have fee-free HSA (no fees for almost all...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to sell a stock in a crashing market? ### Answer: Assuming you are referring to macro corrections and crashes (as opposed to technical crashes like the "flash crash") -- It is certainly possible t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to sell a stock in a crashing market? ### Answer: It is typically possible to sell during a crash, because there are enough people that understand the mechanics behind a crash. Generally, you need...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to sell a stock in a crashing market? ### Answer: Your question contains a faulty assumption: During crashes and corrections the amount of sellers is of course higher than the amount of buyers, ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to sell a stock in a crashing market? ### Answer: What is essential is that company you are selling is transparent enough. Because it will provide additional liquidity to market. When I decide to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I am a Canadian resident who wants to gift my Adult US child CAD$175K. What are the tax implications? ### Answer: The United States taxes gifts to the giver, not the receiver. Thus, in your case ther...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stores and manufacturers use mail in rebates? A scam, or is there a way to use them effectively? ### Answer: It's an effective way to achieve market segmentation without having to ask your cust...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stores and manufacturers use mail in rebates? A scam, or is there a way to use them effectively? ### Answer: I've had positive experiences and negative ones. One key is to be sure you have foll...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stores and manufacturers use mail in rebates? A scam, or is there a way to use them effectively? ### Answer: Unfortunately too many companies view a Mail in rebate as an unwelcome cost instead ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stores and manufacturers use mail in rebates? A scam, or is there a way to use them effectively? ### Answer: Chiming in with other answers that incriminate market segmentation attempts, I would...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stores and manufacturers use mail in rebates? A scam, or is there a way to use them effectively? ### Answer: Rebates are a great way to give discounts to customers who are cost sensitive. A lon...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stores and manufacturers use mail in rebates? A scam, or is there a way to use them effectively? ### Answer: There are many reasons, some already covered by other answers. I have a blog post on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stores and manufacturers use mail in rebates? A scam, or is there a way to use them effectively? ### Answer: Some notable percentage of buyers won't even try to do the rebate, or will forget - ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stores and manufacturers use mail in rebates? A scam, or is there a way to use them effectively? ### Answer: Not so much a scam, if you fill the required paperwork and actually take time to mai...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I buy and sell a house quickly to access the money in a LISA? ### Answer: I've got £476,000 but the maximum house price is £450,000. What happens to the £26,000. Does it stay there with ~6% inte...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I buy and sell a house quickly to access the money in a LISA? ### Answer: Your first home can be up to £450,000 today. But that figure is unlikely to stay the same over 40 years. The government wo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the interest on money borrowed on margin in/for an RRSP considered tax deductible? ### Answer: I believe your question is based on a false premise. First, no broker, that I know of, provides an RRS...