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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Get interest on $100K by spending only $2K using FOREX rollovers? ### Answer: I'm smart enough to know that the answer to your questions is 'no'. There is no arbitrage scenario where you can trade cu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Get interest on $100K by spending only $2K using FOREX rollovers? ### Answer: No free lunch You cannot receive risk-free interest on more money than you actually put down. The construct you are propos...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Get interest on $100K by spending only $2K using FOREX rollovers? ### Answer: I work at a FOREX broker, and can tell you that what you want to do is NOT possible. If someone is telling you it is, they...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Get interest on $100K by spending only $2K using FOREX rollovers? ### Answer: Now, is there any clever way to combine FOREX transactions so that you receive the US interest on $100K instead of the $2K...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Make your money work for you ### Answer: First of all, never is too late to develop good habits. So, you know what you want to do and you are going about the how now... First, you should pay off any c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Make your money work for you ### Answer: In addition to the other excellent answers here, check out Mr. Money Mustache's site, it's based in the US but the basics still hold here in the UK. Another gr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Make your money work for you ### Answer: Thats a very open question, Depends on the risk you are willing to take with the money, or the length of time you are willing sit on it, or if you have a speci...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off my student loans or keep it in the bank? [duplicate] ### Answer: Many years ago I heard a multi-level marketing pitch that pointed out how many doctors don't get out of debt until the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off my student loans or keep it in the bank? [duplicate] ### Answer: Basically you have 4 options: Use your cash to pay off the student loans. Put your cash in an interest-bearing savings...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: ETFs are a type of mutual fund, correct? ### Answer: For a non-ETF mutual fund, you can only buy shares of the mutual fund from the mutual fund itself (at a price that the mutual fund will reveal only...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: ETFs are a type of mutual fund, correct? ### Answer: Your question is one of semantics. ETFs and mutual funds have many things in common and provide essentially the same service to investors with min...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I figure out how much to bid on a parking space? ### Answer: If the cash flow information is complete, the valuation can be determined with relative accuracy and precision. Assuming the monthl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I figure out how much to bid on a parking space? ### Answer: Scenario 1: Assume that you plan to keep the parking space for the rest of your life and collect the income from the rental. You sa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: why is the money withdrawn from traditional IRA taxed at the ordinary income tax rate? ### Answer: You are missing something very significant. The money in a traditional IRA (specifically, a deductibl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: why is the money withdrawn from traditional IRA taxed at the ordinary income tax rate? ### Answer: In a Traditional IRA contributions are often tax-deductible. For instance, if a taxpayer contributes ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: why is the money withdrawn from traditional IRA taxed at the ordinary income tax rate? ### Answer: The simplest explanation is that a traditional IRA is a method of deferring taxes. That is, normally ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: why is the money withdrawn from traditional IRA taxed at the ordinary income tax rate? ### Answer: This is actually (to me) an interesting point to note. While the answer is "that's what Congress wro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: why is the money withdrawn from traditional IRA taxed at the ordinary income tax rate? ### Answer: Basically, the idea of an IRA is that the money is earned by you and would normally be taxed at the i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: why is the money withdrawn from traditional IRA taxed at the ordinary income tax rate? ### Answer: It would be fairer to the average person if we paid our normal tax rate on the amount we contributed ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are distributions from an S corp taxable as long term capital gains? ### Answer: If you have an S-Corp with several shareholders - you probably also have a tax adviser who suggested using S-Corp to be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Individual Investor Safe Reinvest Gains Strategy? ### Answer: Your idea is a good one, but, as usual, the devil is in the details, and implementation might not be as easy as you think. The comments o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing Superannuation Australia ### Answer: You can make a start to learn how to make better investing decisions by learning and understanding what your current super funds are invested in. Does th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Probablity of touching In the money vs expiring in the money for an american option ### Answer: Conceptually, yes, you need to worry about it. As a practical matter, it's less likely to be exercised ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does AMT/state taxes work for stock options in California? ### Answer: Does this technically mean that she has to pay AMT on $400,000? Yes. Well, not exactly 400,000. She paid $1 per share, so 390...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I sell the home in 2014 or continue to rent it out? ### Answer: You need to get the current tax software, the 2013 filing software is out already, even though it needs to update itself before f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I invest my money in an ISA or Government bonds? (Or any other suggestion) ### Answer: So you are off to a really good start. Congratulations on being debt free and having a nice income. Being...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I invest my money in an ISA or Government bonds? (Or any other suggestion) ### Answer: There are a number of UK banks that offer what passes for reasonable interest on an amount of cash held in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I invest my money in an ISA or Government bonds? (Or any other suggestion) ### Answer: I recommend investing in precious metals like gold, considering the economic cycle we're in now. Governmen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Typical return for an IRA? How can I assess if my returns were decent? ### Answer: There is no typical return for an IRA. Understand that an IRA is not an investment type, it is just an account that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Typical return for an IRA? How can I assess if my returns were decent? ### Answer: To me it looks pretty good (10% per year is a pretty good return). Lagging behind the indexes is normal, it is hard ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Typical return for an IRA? How can I assess if my returns were decent? ### Answer: To try and address your 'how' it goes a bit like this. You need to first assess how your stuff is invested, if for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Typical return for an IRA? How can I assess if my returns were decent? ### Answer: Do you want to retire? If so, when? How long do you expect to live? How much per month in today's dollars do you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I “hedge” my IRA portfolio with a life cycle / target date mutual fund? ### Answer: First of all, it's great you're now taking full advantage of your employer match – i.e. free money. Next, on ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I “hedge” my IRA portfolio with a life cycle / target date mutual fund? ### Answer: I choose lifecycle funds because I am placing faith (perhaps foolishly) that a full time fund manager knows b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I “hedge” my IRA portfolio with a life cycle / target date mutual fund? ### Answer: I like that you are hedging ONLY the Roth IRA - more than likely you will not touch that until retirement. L...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I am turning 18 and I am a Student, I need strategies on building great credit soon. Where should I start? ### Answer: Based on the formula used by FICO which is pretty much what you want to focus on,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I am turning 18 and I am a Student, I need strategies on building great credit soon. Where should I start? ### Answer: The details of credit score calculation tend to change periodically, but the fund...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I am turning 18 and I am a Student, I need strategies on building great credit soon. Where should I start? ### Answer: Your goals are excellent. I really admire your thoughts and plans, and I hold you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Long term saving: Shares, Savings Account or Fund ### Answer: Congratulations on a solid start. Here are my thoughts, based on your situation: Asset Classes I would recommend against a long-term savin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Long term saving: Shares, Savings Account or Fund ### Answer: There is no rule of thumb (although some may suggest there is). Everybody will have different goals, investment preferences and risk toler...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Long term saving: Shares, Savings Account or Fund ### Answer: RED FLAG. You should not be invested in 1 share. You should buy a diversified ETF which can have fees of 0.06% per year. This has SIGNIFIC...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you translate a per year salary into a part-time per hour job? ### Answer: If you're really a part-time worker, then there are some simple considerations.... The remote working environment, cho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you translate a per year salary into a part-time per hour job? ### Answer: Rule of thumb: Double your hourly rate to get a yearly salary (in thousands). Halve your yearly salary to get your hou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you translate a per year salary into a part-time per hour job? ### Answer: All things being equal, a $55,000/year job with 25% benefit load is about $68,750/year. That's a little more than $34/...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you translate a per year salary into a part-time per hour job? ### Answer: There is no fixed formulae, its more of how much you can negotiate Vs how many others are willing to work at a lower c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you translate a per year salary into a part-time per hour job? ### Answer: As an easy and rough rule of thumb, a job for $55,000 per year is $55 per hour as a contractor. That's roughly twice t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you translate a per year salary into a part-time per hour job? ### Answer: It's difficult to quantify the intangible benefits, so I would recommend that you begin by quantifying the financials ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First time investor and online brokerage accounts ### Answer: First, let me say that $1000 is not that much of amount to invest in stocks. You need to remember that each transaction (buy/sell) has fee...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First time investor and online brokerage accounts ### Answer: Littleadv has given you excellent general advice, but to my mind, the most important part of it all and the path which I will strongly rec...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First time investor and online brokerage accounts ### Answer: Most mutual funds are designed to make the investment banks that sell them money, not to make investers money. They do this by taking sign...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the best way to account for a risky investment - As an asset or an expense? ### Answer: I'm no accountant, but I think the way I'd want to approach this kind of thing in Gnucash would be to tra...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I invest in gold without taking physical possession? ### Answer: You could buy shares of an Exchange-Traded Fund (ETF) based on the price of gold, like GLD, IAU, or SGOL. You can invest in thi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I invest in gold without taking physical possession? ### Answer: In addition to the possibility of buying gold ETFs or tradable certificates, there are also firms specializing in providing "ba...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Diversify across multiple brokers? ### Answer: You should ensure that your broker is a member of the Securities Investor Protection Corporation (SIPC). SIPC protects the cash and securities in your br...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a rule of thumb for accruing debt on a rental property? ### Answer: To start, I hope you are aware that the properties' basis gets stepped up to market value on inheritance. The new basis is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can individual investors buy precious metals at the spot price? ### Answer: There are various exchanges around the world that handle spot precious metal trading; for the most part these are also the p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can individual investors buy precious metals at the spot price? ### Answer: The futures market allows you to take delivery at the lowest cost. Most people don't deal in 100oz gold bars and 5000oz of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying off mortgage or invest in annuity ### Answer: You can't pay your bills with equity in your house. Assuming you paid off the mortgage, where would the money come from that you plan to live off o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying off mortgage or invest in annuity ### Answer: There is no formula to answer the question. You have to balance return on investment with risk. There's also the question of whether you have any c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying off mortgage or invest in annuity ### Answer: I am in the process of writing an article about how to maximize one's Social Security benefits, or at least, how to start the analysis. This char...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Supply & Demand - How Price Changes, Buy Orders vs Sell Orders [duplicate] ### Answer: For every buyer there is a seller. That rule refers to actual (historical) trades. It doesn't apply to "wannabees...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Supply & Demand - How Price Changes, Buy Orders vs Sell Orders [duplicate] ### Answer: Yes for every order there is a buyer and seller. But overall there are multiple buyers and multiple sellers. So e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Supply & Demand - How Price Changes, Buy Orders vs Sell Orders [duplicate] ### Answer: That is mostly true, in most situations when there are more buy orders than sell orders (higher buy volume orders...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I read technicals for tickers that move together but are slightly different? ### Answer: Following comments to your question here, you posted a separate question about why SPY, SPX, and the opt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to take advantage of exceptions to early withdrawal penalties on a 401(k)? ### Answer: Your question doesn't make much sense. The exceptions are very specific and are listed on this sit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to take advantage of exceptions to early withdrawal penalties on a 401(k)? ### Answer: Most companies put the company match in your account each paycheck, but your are not generally ves...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What would be a wise way to invest savings for a newly married couple? ### Answer: Forgive me as I do not know much about your fine country, but I do know one thing. You can make 5% risk free guarant...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What would be a wise way to invest savings for a newly married couple? ### Answer: First, keep about six months' expenses in immediately-available form (savings account or similar). Second, determine ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What would be a wise way to invest savings for a newly married couple? ### Answer: I agree with @Pete that you may be well-advised to pay off your loans first and go from there. Even though you may n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Over contributing to workplace pension or private pension ### Answer: Firstly (and this part is rather opinion-based) I would absolutely not think of making more pension contributions when you are cur...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a small worker co-op track/manage stocks/shares ### Answer: What I know about small companies and companies who are not listed on the stock markets is this: If a small company has shares iss...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the Difference between Life Insurance and ULIP? ### Answer: I would refer you to this question and answers. Here in the US we have two basic types of life insurance: term and whole life. Univ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the Difference between Life Insurance and ULIP? ### Answer: ULIP insurance plan ULIP is Unit Linked Insurance Plan. The premium you pay, a small part goes towards covering life insurance. The ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the regulation of “swaps” important to failing systemically significant institutions? ### Answer: Have you ever considered how much faith and confidence play a role in the financial sector? Th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Growth of unrealized gains in tax-managed index funds ### Answer: I don't know that I can answer the question fully, but 2 points. The percent that represent capital gains certainly can't exceed 100. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Growth of unrealized gains in tax-managed index funds ### Answer: Right now, the unrealized appreciation of Vanguard Tax-Managed Small-Cap Fund Admiral Shares is 28.4% of NAV. As long as the fund ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: With respect to insider trading, what is considered “material information”? ### Answer: Some history: In the US, this is very tightly controlled and regulated. Although stock market securities insider...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: With respect to insider trading, what is considered “material information”? ### Answer: Material Information means that any information that can reasonable affect the share price of the company [upwar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are U.S. salaries typically measured/reported before tax, or after tax? ### Answer: In the U.S., virtually all salaries are expressed as "gross salaries", which are before the taxes that the individua...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a “closed-end fund”? How is a closed-end fund different from a typical mutual fund? ### Answer: A closed-end fund is a collective investment scheme that is closed to new investment once the fu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to choose a good 401(k) investment option? ### Answer: There are not as many options here as you fear. If you have no other investments outside this 401K it is even easier. Outside accounts includ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to choose a good 401(k) investment option? ### Answer: The vanguard funds are all low fee your employer has done a good job selecting their provider for 401(k). I would do a roth if you can affor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to choose a good 401(k) investment option? ### Answer: Great question and good for you for starting investments. Are you young, like in your 20s? I would do all that you can in the ROTH. You wil...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to choose a good 401(k) investment option? ### Answer: There are a lot of funds that exist only to feed people's belief that existing funds are not diversified or specialized enough. That's why y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to choose a good 401(k) investment option? ### Answer: I agree with the others that the ROTH is probably better. See this list of benefit/cost comparison (as opposed to rule differences)http://en....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to know before purchasing Individual Bonds? ### Answer: A few points that I would note: Call options - Could the bond be called away by the issuer? This is something to note as some bonds may end...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I calculate a “running” return using XIRR in a spreadsheet? ### Answer: Set your xirr formula to a very tall column, leaving lots of empty rows for future additions. In column C, instead of ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I calculate a “running” return using XIRR in a spreadsheet? ### Answer: I could not figure out a good way to make XIRR work since it does not support arrays. However, I think the following sh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any way to attach a statement of explanation while submitting a tax return electronically using Free Fillable Forms? ### Answer: Depending on what you need to explain, you can submit your ele...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Understanding how this interpretation of kelly criterion helps the trader ### Answer: Three important things worth remembering about Kelly when applied to real world edges: 1) Full Kelly staking is gu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Understanding how this interpretation of kelly criterion helps the trader ### Answer: The goal of the kelly criterion strategy is to find a balance between preservation of starting capital and returns...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Understanding how this interpretation of kelly criterion helps the trader ### Answer: I don't know too much about the kelly criterion, but going by the other answers it sounds like it could be quite r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What size “nest egg” should my husband and I have, and by what age? ### Answer: I would focus first on maxing out your RRSPs (or 401k) each year, and once you've done that, try to put another 10% of y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What size “nest egg” should my husband and I have, and by what age? ### Answer: There's a bit of working backwards that's required. This is a summary of a spreadsheet I wrote which helps to get to t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What size “nest egg” should my husband and I have, and by what age? ### Answer: For most people, a million dollars is about right. Here's the back of the napkin math that you should consider to find y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What size “nest egg” should my husband and I have, and by what age? ### Answer: One more thing to consider is that $1M today is not the same as $1M 30 years from now because of inflation. Consider th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What size “nest egg” should my husband and I have, and by what age? ### Answer: Here's another answer on the topic: Saving for retirement: How much is enough? An angle on it this question made me thin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What size “nest egg” should my husband and I have, and by what age? ### Answer: There are three numbers that matter in that calculation: 1) How much do you expect per month from in pension/social secu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: One Share Stock Reverse Split ### Answer: Any time there is a share adjustment from spin-off, merger, stock split, or reverse slit; there is zero chance for the stockholders to hang on to fractional s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investments other than CDs? ### Answer: You're losing money. And a lot of it. Consider this: the inflation is 2-4% a year (officially, depending on your spending pattern your own rate might be quite h...