Datasets:
circircircle
/
FinQA

Dataset card Data Studio Files
xet
 Community
text
stringlengths
146
45.7k
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investments other than CDs? ### Answer: First off, you have done very well to be in your financial position at your age. Congratulations. I first started investing seriously about 10 years ago, and w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Choosing a vehicle to invest a kid's money on their behalf (college, etc.)? ### Answer: Roth is currently not an option, unless you can manage to document income. At 6, this would be difficult but not...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Choosing a vehicle to invest a kid's money on their behalf (college, etc.)? ### Answer: One other advantage of a 529 versus a simple investment account (like an UGMA/UTMA) is that the treatment for th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate years until financial independence? ### Answer: The definition I use for financial independence is 99% confidence that, at a specific estimated spending rate per year (allowing for es...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate years until financial independence? ### Answer: In this equation the withdrawal rate is the percent you must pull from your savings to meet your expenses. For example if your savings ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Negative interest rates and search for yield ### Answer: Can it be so that these low-interest rates cause investors to take greater risk to get a decent return? With interest rates being as low as t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Invest in (say, index funds) vs spending all money on home? ### Answer: Rules of thumb? Sure - Put down 20% to pay no PMI. The mortgage payment (including property tax) should be no more than 28% of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Invest in (say, index funds) vs spending all money on home? ### Answer: The short answer is that it depends on the taxation laws in your country. The long answer is that there are usually tax avoidanc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Invest in (say, index funds) vs spending all money on home? ### Answer: Here in the UK, the rule of thumb is to keep a lot of equity in your home if you can. I assume here that you have a lot of savin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are a few sites that make it easy to invest in high interest rate mutual funds? ### Answer: If you want a ~12% rate of return on your investments.... too bad. For returns which even begin to appr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are a few sites that make it easy to invest in high interest rate mutual funds? ### Answer: Any investment company or online brokerage makes investing in their products easy. The hard part is cho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are a few sites that make it easy to invest in high interest rate mutual funds? ### Answer: Are you looking for something like Morningstar.com? They provide information about lots of mutual fun...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Definitions of leverage and of leverage factor ### Answer: Levarge in simple terms is how of your own money to how much of borrowed money. So in 2008 Typical leverage ratios were Investment Banks 30...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Definitions of leverage and of leverage factor ### Answer: This would clear out a lot more. 1) Leverage is the act of taking on debt in lieu of the equity you hold. Not always related to firms, it app...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Definitions of leverage and of leverage factor ### Answer: Your original example is a little confusing because just shorting for 1k and buying for 1k is 100% leveraged or an infinitive leverage ratio....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How useful is the PEG Ratio for large cap stocks? ### Answer: It is not so useful because you are applying it to large capital. Think about Theory of Investment Value. It says that you must find under...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is is possible to dispute IRS underpayment penalties? ### Answer: When you say "set aside," you mean you saved to pay the tax due in April? That's underpaying. It's a rare exception the IRS makes for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is is possible to dispute IRS underpayment penalties? ### Answer: If you file the long-form Form 2210 in which you have to figure out exactly how much you should have had withheld (or paid via quarte...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is is possible to dispute IRS underpayment penalties? ### Answer: didn't pay the extra underpayment penalty on the grounds that it was an honest mistake. You seem to think a penalty applies only whe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is is possible to dispute IRS underpayment penalties? ### Answer: The underpayment "penalty" is just interest on the late payments--willful or not has nothing to do with it. When they feel it's willf...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I save for my children's university education in Canada, or am I better off paying off loans and gaining debt room? ### Answer: At the very least I'd look closely at what you could get from the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a credit card deposit a normal part of the vehicle purchase process ### Answer: Unfortunately, it's not unusual enough. If you're looking for a popular car and the dealer wants to make sure they a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How will I pay for college? ### Answer: First, it's clear from your story that you very likely should be able to receive some financial aid. That may be in the form of loans or, better, grants in whi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How will I pay for college? ### Answer: Firstly, good on you for thinking about it before you commit to it. Next. Chelonian provides lots of detail. Read that answer. Consider the cost of going. Us...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How will I pay for college? ### Answer: You sound like you're well educated, well spoken, and resourceful, so I'm going to assume that you are somewhere in the neighborhood of top 5% material. That me...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How will I pay for college? ### Answer: One potentially useful option to avoid the crippling tuition fees in the states is to instead get your degree abroad. Numerous European countries have very low ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How will I pay for college? ### Answer: There are some useful comments about the tradeoffs of the decisions in front of you. Intertwined with the financial choices, hopefully you can see a map openin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are futures and how are they different from options? ### Answer: Cart's answer is basically correct, but I'd like to elaborate: A futures contract obligates both the buyer of a contract and the s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are futures and how are they different from options? ### Answer: For futures, you are obligated to puchase the security at $x when the contract expires. For an option, you have the right or opti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How exactly do dividend reinvestment plans (DRIPs) work? ### Answer: I think Wikipedia offers a very good explanation: A dividend reinvestment program or dividend reinvestment plan (DRIP) is an equity...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I talk about my stocks? ### Answer: I like your question and think it is a pretty good one. Generally speaking I would not suggest talking about your stock picks or wealth. Here is why: 1) M...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I talk about my stocks? ### Answer: No, there is no significant harm to discussing this. Outside of possibly getting bad advice, excessive advice, or complaints that others just aren't interest...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much should I be contributing to my 401k given my employer's contribution? ### Answer: JoeTapayer has good advice here. I would like to add my notes. If they give a 50% match that means you are ge...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much should I be contributing to my 401k given my employer's contribution? ### Answer: You can only contribute up to 5% of your salary? Odd. Usually 401(k) contributions are limited to some dollar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much should I be contributing to my 401k given my employer's contribution? ### Answer: For your first question, the general guidelines I've seen recommended are as follows: As to your second quest...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much should I be contributing to my 401k given my employer's contribution? ### Answer: First - yes, take the 2.5%. It could be better, but it's better than many get. Second - choosing from "a bunc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much should I be contributing to my 401k given my employer's contribution? ### Answer: Contribute as much as you can. When do you want to retire and how much income do you think you'll need? A $1...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a company control its stock through contracts with stockholders? ### Answer: Your first scenario, involving shareholders in a private corp being limited by a contractual agreement, is common in pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I move my money market funds into bonds? ### Answer: It depends how much risk you're prepared to accept. The short-term risk-free rate of return at present is something in the vicinity of 0.1% ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I move my money market funds into bonds? ### Answer: One thing to note before buying bond funds. The value of bonds you hold will drop when interest rates go up. Interest rates are at historica...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I move my money market funds into bonds? ### Answer: If your money market funds are short-term savings or an emergency fund, you might consider moving them into an online saving account. You ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I move my money market funds into bonds? ### Answer: How much money do you have in your money market fund and what in your mind is the purpose of this money? If it is your six-months-of-living-...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I move my money market funds into bonds? ### Answer: Your only real alternative is something like T-Bills via your broker or TreasuryDirect or short-term bond funds like the Vanguard Short-Term...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I move my money market funds into bonds? ### Answer: There is a thing called the Sharpe Ratio. This Ratio takes return/risk with risk being defined as the standard deviation of prices over time...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Whole life insurance - capped earnings ### Answer: The question that I walk away with is "What is the cost of the downside protection?" Disclaimer - I don't sell anything. I am not a fan of insurance ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Whole life insurance - capped earnings ### Answer: Pretty simple: When is Cash Value Life Insurance a good or bad idea? It is never a good idea. How can life insurance possibly work as investment? It ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Whole life insurance - capped earnings ### Answer: I need to see the policy you are referring to give a more accurate answer. However what could be happening, it’s again the way these instruments are ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are startup shares worth more than the total investment funding? ### Answer: What littleadv said is correct. His worth is based on the presumed worth of the total company value (which is much gre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are startup shares worth more than the total investment funding? ### Answer: The net worth is based on an estimate of how much he would get if he relinquished his stake. The total funding is base...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are startup shares worth more than the total investment funding? ### Answer: He is worth $17.5 billion today Note that he is worth that dollar figure, but he doesn't have that many dollars. That's...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to buy put options or buy an inverse leveraged ETF? ### Answer: You don't have to think it is going down, it is currently trending down as on a weekly chart there are lower lows and lower...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to buy put options or buy an inverse leveraged ETF? ### Answer: Depends on how far down the market is heading, how certain you are that it is going that way, when you think it will fall, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to buy put options or buy an inverse leveraged ETF? ### Answer: The only use of options that I will endorse is selling them. If you believe the market is going down then sell covered, out...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Rationale behind using 12, 26 and 9 to calculate MACD ### Answer: The values of 12, 26 and 9 are the typical industry standard setting used with the MACD, however other values can be substituted depen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Interest payments for leveraged positions ### Answer: I think to some extent you may be confusing the terms margin and leverage. From Investopedia Two concepts that are important to traders are margin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much principal do I get back with a target-maturity ETF? ### Answer: Adding a couple more assumptions, I'd compute about $18.23 would be that pay out in 2018. This is computed by taking the Curre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Receiving partial payment of overseas loan/company purchase? ### Answer: Is it equity, or debt? Understanding the exact nature of one's investment (equity vs. debt) is critical. When one invests money...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the bid-ask spread considered a cost? ### Answer: Your assets are marked to market. If you buy at X, and the market is bidding at 99.9% * X then you've already lost 0.1%. This is a market value...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the bid-ask spread considered a cost? ### Answer: This is a misconception. One of the explanations is that if you buy at the ask price and want to sell it right away, you can only sell at the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the bid-ask spread considered a cost? ### Answer: As an aside, on most securities with a spread of the minimum tick, there would be no bid ask spread if so-called "locked markets", where the pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do with south african currency free fall ### Answer: Use other currencies, if available. I'm not familiar with the banking system in South Africa; if they haven't placed any currency freezes o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do with south african currency free fall ### Answer: Transfer your savings to a dollar-based CD. Or even better, buy some gold on them. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Over how much time should I dollar-cost-average my bonus from cash into mutual funds? ### Answer: The OP invests a large amount of money each year (30-40k), and has significant amount already invested...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Over how much time should I dollar-cost-average my bonus from cash into mutual funds? ### Answer: There have been studies which show that Dollar Cost Averaging (DCA) underperforms Lump Sum Investing (...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Over how much time should I dollar-cost-average my bonus from cash into mutual funds? ### Answer: I'm staring at this chart and asking myself, How long a period is enough to have an average I'd be hap...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Over how much time should I dollar-cost-average my bonus from cash into mutual funds? ### Answer: Canadian Couch Potato has an article which is somewhat related. Ask the Spud: Can You Time the Markets...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any data that shows how diversifying results in better returns than just sticking to an all-stock portfolio? ### Answer: This paper by a Columbia business school professor says: The standard ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How some mutual funds pay such high dividends ### Answer: Look at their dividend history. The chart there is simply reporting the most recent dividend (or a recent time period, in any event). GF for...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 401K - shift from agressive investment to Money Market ### Answer: If you look at history, it shows that the more people predict corrections the less was the chance they came. That doesn't prove it st...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 401K - shift from agressive investment to Money Market ### Answer: I can understand your fears, and there is nothing wrong with taking action to protect yourself from them. How much income do you need...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Good books for learning about tax strategy/planning ### Answer: Keep in mind that chasing after tax savings tends to not be a good way of saving money. What is a good strategy? Making sure that you t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Good books for learning about tax strategy/planning ### Answer: J.K. Lasser's Your Income Tax is, remarkably, a great read. It's a line by line review of the tax forms, and offers commentary and examp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are warehouse clubs like Costco and Sam's Club worth it? ### Answer: We were members at costco, but decided not to renew. Meat was a definite cost savings, and laundry detergent as well. Diapers use...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are warehouse clubs like Costco and Sam's Club worth it? ### Answer: I know that for me personally, if I buy that giant box of Goldfish instead of the bags, it doesn't mean I'm saving money... just ea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are warehouse clubs like Costco and Sam's Club worth it? ### Answer: Whether or not they are worth it depends entirely on your situation. For my family, they are worth it, but I know a number of peopl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are warehouse clubs like Costco and Sam's Club worth it? ### Answer: Also don't just assume that everything that Costco or Sams (we use Costco) sells is cheaper. Still shop around and look for the be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are warehouse clubs like Costco and Sam's Club worth it? ### Answer: Only select items. First - I agree, beware the Goldfish Factor - any of those items may very well lead to greater consumption, whic...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are warehouse clubs like Costco and Sam's Club worth it? ### Answer: I'm guessing it depends on how much you'd be paying for membership. If you save more than the membership costs you and you actually...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are warehouse clubs like Costco and Sam's Club worth it? ### Answer: Silly as it sounds, we belong to both BJ's and Sam's club (we don't have Costco in this area). The produce at our local Sam's is t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Costs around a modern crowd-sourced hedge fund ### Answer: Your inference in #1 is incorrect. The million dollars he has contributed is going to be part of the assets of the fund. This is common pra...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is initial stock price (IPO) of a stock determined ### Answer: Who determines company value at IPO? The Owners based on the advice from Lead Bankers and other Independent auditors who would determ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Money transfer from India to USA ### Answer: We have a house here in India worth Rs. 2 Crores. We want to sell it and take money with us. Selling the house in India will attract Capital Gains Tax. Es...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Money transfer from India to USA ### Answer: The liabilities are the same regardless of the route, besides tax evasion schemes such as handing the money to her as cash. Taxes will run up to half of th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Renters Liability in Case of Liability Claims for Property Damage or Fire ### Answer: The truth is anyone can sue anyone for anything. So yes you could be sued, but the more important part to measure...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Renters Liability in Case of Liability Claims for Property Damage or Fire ### Answer: According to US News, renter's insurance does cover liability as well as your own belongings. They list this as o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Planning to invest in stock, age 16 ### Answer: First of all, since you're 16 - you will not invest in anything. You cannot, you're a minor. You cannot enter contracts, and as such - you cannot transa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Planning to invest in stock, age 16 ### Answer: Don't try individual stocks. If you have a job, any job, even one from mowing lawns, you can open a Roth IRA. If you are under 18 you will need your par...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a company issue a scrip dividend and how will this issue affect me? ### Answer: Am I correct in understanding that a Scrip Dividend involves the issue of new shares instead of the purchase o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a company issue a scrip dividend and how will this issue affect me? ### Answer: Yes. Instead of paying a cash dividend to shareholders, the company grants existing shareholders new shares at...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you step up your cost basis indefinitely via the 0% capital gains rate? ### Answer: Your real question, "why is this not discussed more?" is intriguing. I think the media are doing a better job br...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you step up your cost basis indefinitely via the 0% capital gains rate? ### Answer: As JoeTaxpayer illustrated, yes you can. However, one thing to remember is that unless you live in a state with...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Deductions greater than Income : Traditional IRA to Roth Conversion? ### Answer: Yes. A most emphatic yes. I suggest you look at your 2014 return and project what 2015 will look like. I'd convert eno...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Deductions greater than Income : Traditional IRA to Roth Conversion? ### Answer: Answering for just the US part, yes, you should be able to do this and it's a good strategy. The only additional gotcha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens if a Financial Services Company/Stockbroker goes into administration in the UK? ### Answer: Nothing. Stockbrokers set up nominee accounts, in which they hold shares on behalf of individua...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens if a Financial Services Company/Stockbroker goes into administration in the UK? ### Answer: Although I posted this question more than a year ago, I subsequently read information which may...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I spend too much money. How can I get on the path to a frugal lifestyle? ### Answer: My father imparted this advice to me when I was a teenager, and it hasn't failed me yet. > Pay yourself first What ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I spend too much money. How can I get on the path to a frugal lifestyle? ### Answer: Since you ask.... How do I do it? My frugality doesn't come from budgeting or even half so much from keeping money ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I spend too much money. How can I get on the path to a frugal lifestyle? ### Answer: As others have said, doing a monthly budget is a great idea. I tried the tracking expenses method for years and it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I spend too much money. How can I get on the path to a frugal lifestyle? ### Answer: There are a lot of great suggestions here on how to get and keep your finances in shape. But I have to say, I disag...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I spend too much money. How can I get on the path to a frugal lifestyle? ### Answer: Gail Vaz-Oxlade from the television show Til Debt Do Us Part has a great interactive budget worksheet that helps yo...