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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: Agree wholeheartedly with the first point - keep track! It's like losing weight, the first step is to be aware of w...
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: Keep track of everything you buy. Write it down and be accountable. Try not to buy anything on credit cards, if t...
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: Get on a written budget at the BEGINNING of the month. If you dont write down where your money goes BEFORE you spen...
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's plenty of advice out there about how to set up a budget or track your expenses or "pay yourself first". Thi...
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 getting on a written budget before each month starts is the most important part. Also, I'm a bi...
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: I agree with the first poster- the first step is to measure your spending and put it down into raw numbers. Once yo...
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: I would highly recommend the Dave Ramsey book "The Total Money Makeover". I read it about 5 years ago and my finan...
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: For many folks these days, not having a credit card is just not practical. Personally, I do quite a bit of shopping...
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: Track your expenses. Find out where your money is going, and target areas where you can reduce expenses. Some examp...
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: For the most part, saving money usually depends upon having a budget and being able to stick to it. The toughest pa...
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: Use software that calculates your net worth and track it over time. I track my personal finances in Mint, and I lov...
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: Lots of good answers here about budgeting and other ideas. Here's a couple more: Think about offense and defense. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any reason to choose my bank's index fund over Vanguard? ### Answer: That expense ratio on the bank fund is criminally high. Use the Vanguard one, they have really low expenses. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any reason to choose my bank's index fund over Vanguard? ### Answer: Your bank's fund is not an index fund. From your link: To provide a balanced portfolio of primarily Canadian securities t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any reason to choose my bank's index fund over Vanguard? ### Answer: Extortionate expense ratio aside, comparing the fund to the vanguard balanced fund (with an expense ratio of 0.19%) shows ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any reason to choose my bank's index fund over Vanguard? ### Answer: Basically, no. Selecting an actively managed fund over a low-fee index fund means paying for the opportunity to possibly ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Forex independent investments ### Answer: Unless you are buying a significant value of your goods in USD then the relative strength of USD versus your local currency will have little to no effect on w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are these fees attached to mutual fund FSEMX? ### Answer: Annual-report expense ratios reflect the actual fees charged during a particular fiscal year. Prospectus Expense Ratio (net) shows expen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are these fees attached to mutual fund FSEMX? ### Answer: FSEMX has an annual expense ratio of 0.1% which is very low. What that means is that each month, the FSEMX will pay itself one-twelfth of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a way to buy raw oil today and sell it in 1 year time? ### Answer: There are many ways of investing either directly or indirectly in oil: all of these options are ways to invest in an expecte...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a way to buy raw oil today and sell it in 1 year time? ### Answer: Unless you have the storage and transportation facilities for it, or can come up with the money needed to rent or build thos...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a way to buy raw oil today and sell it in 1 year time? ### Answer: You can buy the exchange traded fund ETFS WTI Crude Oil (CRUD), amongst other ETFS products. http://funds.ft.com/uk/Tearshee...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to know if two ETFs are 'substantially identical' according to wash sale rules? ### Answer: It sounds like this is an entirely unsettled question, unfortunately. In the examples you provide, I th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to know if two ETFs are 'substantially identical' according to wash sale rules? ### Answer: Nobody knows for sure what "substantially identical" means because the IRS hasn't officially defined it....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Market Making vs Market Taking (Quotes vs Orders) ### Answer: Quote driven markets are the predecessors to the modern securities market. Before electronic trading and HFTs specifically, trading was th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Market Making vs Market Taking (Quotes vs Orders) ### Answer: This is too lengthy for a comment. The following quoted passages are excerpted from this Money SE post. Before electronic trading and HFTs...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the best options for an RESP for my 2 year old kid? ### Answer: Since your child is 2, he has a long time horizon for investment. Assuming the savings will be used at age 19, that's 17 years...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Transferring money from 403B to 401K? ### Answer: You can move money from a 403b to a 401k plan, but the question you should ask yourself is whether it is a wise decision. Unless there are specific re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Question about MBS and how it pays ### Answer: A security is a class of financial instrument you can trade on the market. A share of stock is a kind of security, for example, as is a bond. In the cas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Question about MBS and how it pays ### Answer: A Mortgage Backed Security or MBS is the security. It's not an entity, it's essentially a contract. As an investment they function more or less the sam...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it smarter to buy a small amount of an ETF every 2 or 3 months, instead of monthly? ### Answer: I personally invest in 4 different ETFs. I have $1000 to invest every month. To save on transaction...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it smarter to buy a small amount of an ETF every 2 or 3 months, instead of monthly? ### Answer: By not timing the market and being a passive investor, the best time to invest is the moment you have...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it smarter to buy a small amount of an ETF every 2 or 3 months, instead of monthly? ### Answer: Note, the main trade off here is the costs of holding cash rather than being invested for a few month...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What cost basis accounting methods are applicable to virtual currencies? ### Answer: The only "authoritative document" issued by the IRS to date relating to Cryptocurrencies is Notice 2014-21. It has ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Did I get screwed in taxes on a mutual fund dividend payment? ### Answer: How is that possible?? The mutual fund doesn't pay taxes and passes along the tax bill to shareholders via distributions would...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Did I get screwed in taxes on a mutual fund dividend payment? ### Answer: No, not screwed. This is just an artifact of the tax code and year end dividends. You paid a tax, and in return, got a higher...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does it work when the same ETF is listed on several stock exchanges? ### Answer: If I buy VUSA from one exchange, can I sell it in a different exchange, assuming my brokerage account lets me trade...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: interest rate on online banks ### Answer: There are no "on-line" banks in Israel. There were various attempts to create something that would look like an online bank (HaYashir HaRishon comes to mind, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: interest rate on online banks ### Answer: I beg to differ: Israel has an incredibly well managed central bank, and the usury market is wonderfully competitive. It's a shame Stanley Fischer has retire...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Exchange rate $ ETF,s ### Answer: Your assumption that funds sold in GBP trade in GBP is incorrect. In general funds purchase their constituent stocks in the fund currency which may be different to th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does Warren Buffett really have a lower tax rate than his secretary? ### Answer: The scenario you mention regarding capital gains is pretty much the core of the issue. Here's a run-down from PolitiFac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the best way to manage all the 401K accounts I've accumulated from my past jobs? ### Answer: I rolled mine over from the company I was at into my own brokerage house. You can't roll them into ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the best way to manage all the 401K accounts I've accumulated from my past jobs? ### Answer: Open an investment account on your own and have them roll the old 401K accounts into either a ROTH o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the best way to manage all the 401K accounts I've accumulated from my past jobs? ### Answer: I'd roll them all into one account, just for your own convenience. It's a pain to keep track of lot...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does cash ISA & share ISA mix together ### Answer: There are two different types of ISA; the "Cash ISA" for cash savings, and the "Stocks and Shares ISA" for stock market investing. You can trans...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any other considerations for bonus sacrifice into Pension (UK) ### Answer: The pension is indeed the clear winner and you haven't missed anything. It's easiest to just compare everything in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a mutual fund did really well last year, then statistically speaking, is it likely going to do bad this year? ### Answer: This can be answered by looking at the fine print for any prospectus for an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a mutual fund did really well last year, then statistically speaking, is it likely going to do bad this year? ### Answer: Nearly all long-lived active funds underperform the market over the long ru...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a mutual fund did really well last year, then statistically speaking, is it likely going to do bad this year? ### Answer: From a mathematical point of view the stats do not change depending on past...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to contribute to Roth IRA when income is at the maximum limit & you have employer-sponsored 401k plans? ### Answer: From the way you frame the question it sounds like you more or less know the ans...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a passive investor buy anything other than the market portfolio + risk free assets? ### Answer: Investing is always a matter of balancing risk vs reward, with the two being fairly strongly l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any tips for asset allocation across multiple retirement accounts? ### Answer: I have a similar plan and a similar number of accounts. I think seeking a target asset allocation mix across all invest...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any tips for asset allocation across multiple retirement accounts? ### Answer: I have a similar situation -- five different accounts between me and my wife. Just as you and @Alex B describe, I maintai...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Closing a futures position ### Answer: Assuming these are standardized and regulated contracts, the short answer is yes. In your example, Trader A is short while Trader B is long. If Trader B wants ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Closing a futures position ### Answer: Ignoring the complexities of a standardised and regulated market, a futures contract is simply a contract that requires party A to buy a given amount of a commod...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Closing a futures position ### Answer: For exchange contracts, yes. A trader can close a position by taking an offsetting position. CME's introduction to Futures explains it quite well (on page 22). ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Closing a futures position ### Answer: Futures exchanges are essentially auction houses facilitating a two-way auction. While they provide a venue for buyers and sellers to come together and transact ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the psychology behind the Dead Cat Bounce Pattern and how can it be traded? ### Answer: You are correct, a possible Dead Cat Bounce is forming on the stock markets. If it does form it will mea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the benefit of opening a Certificate of Deposit (CD) Account? ### Answer: If you've already got emergency savings sufficient for your needs, I agree that you'd be better served by sending that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the benefit of opening a Certificate of Deposit (CD) Account? ### Answer: One reason why you can get a better rate with a CD compared to a regular savings account is that they lock you into tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the benefit of opening a Certificate of Deposit (CD) Account? ### Answer: The benefit, as other answers have mentioned, is higher interest rates than are available compared to other comparable ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the benefit of opening a Certificate of Deposit (CD) Account? ### Answer: Others have pointed out why one typically chooses a CD: to lock in an interest rate that's higher than most other savin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the benefit of opening a Certificate of Deposit (CD) Account? ### Answer: Yes. Savings accounts and CDs today pay almost nothing. They are not a way to grow your money for the future. They are ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between shares and ETF? ### Answer: A mutual fund has several classes of shares that are charged different fees. Some shares are sold through brokers and carry a sales charge (c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens if a bank loses your safe deposit box? ### Answer: Unfortunately assets placed in a safety deposit box are not covered under the Federal Deposit Insurance Program (FDIC). Unless the bank ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Net loss not distributed by mutual funds to their shareholders? ### Answer: When you invest (say $1000) in (say 100 shares) of a mutual fund at $10 per share, and the price of the shares changes, you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Net loss not distributed by mutual funds to their shareholders? ### Answer: I'll try to answer using your original example. First, let me restate your assumptions, slightly modified: The mutual fund ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is “The People's Trust” not just another Investment Trust? ### Answer: According to what little information is available currently, this fund is most akin to an actively managed exchange traded fu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is “The People's Trust” not just another Investment Trust? ### Answer: Well the People's Trust's IPO prospectus is now (2017-09-08) available for all to read (or there's a smaller "information lea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay index fund expense ratios with cash instead of fund balance ### Answer: In many cases the expenses are not pulled out on a specific day, so this wouldn't work. On the other hand some funds do char...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay index fund expense ratios with cash instead of fund balance ### Answer: It seems at most a cosmetic difference - nothing keeps you from adding the 9$ cash to the fund the same day the fees are ded...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay index fund expense ratios with cash instead of fund balance ### Answer: Simply put, that's not allowed. Outside a retirement fund, they simply do not provide a mechanism to pay that expense rati...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay index fund expense ratios with cash instead of fund balance ### Answer: The mutual fund is legally its own company that you're investing in, with its own expenses. Mutual fund expense ratios are a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's an Exchange-Traded Fund (ETF)? ### Answer: Wikipedia has a fairly detailed explanation of ETFs. http://en.wikipedia.org/wiki/Exchange-traded_fund ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's an Exchange-Traded Fund (ETF)? ### Answer: ETFs offer the flexibility of stocks while retaining many of the benefits of mutual funds. Since an ETF is an actual fund, it has the diversification ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros/cons for buying gold vs. saving money in an interest-based account? ### Answer: As Michael McGowan says, just because gold has gone up lots recently does not mean it will continue to go up by the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros/cons for buying gold vs. saving money in an interest-based account? ### Answer: There's too much here for one question. So no answer can possibly be comprehensive. I think little of gold for the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros/cons for buying gold vs. saving money in an interest-based account? ### Answer: Just because gold performed that well in the past does not mean it will perform that well in the future. I'm not s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros/cons for buying gold vs. saving money in an interest-based account? ### Answer: What you are seeing is the effects of inflation. As money becomes less valuable it takes more of it to buy physical...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does keeping 'long-term' safety net in bonds make sense? ### Answer: The answer to your question depends very much on your definition of "long-term". Because let's make something clear: an investment ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does keeping 'long-term' safety net in bonds make sense? ### Answer: I am understanding the OP to mean that this is for an emergency fund savings account meant to cover 3 to 6 months of living expense...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Fund equalisation / dividend ### Answer: What you are describing is a very specific case of the more general principle of how dividend payments work. Broadly speaking, if you own common shares in a co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Fund equalisation / dividend ### Answer: Do all/most unit trusts have equalisation policy? It is really that some value of the fund is given to the investor, so the fund value goes down by that much p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay more into company pension, or is there a better way to save? ### Answer: In the UK you have an allowance of £40,000 per annum for tax relief into a pension. This amount includes both your...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay more into company pension, or is there a better way to save? ### Answer: Re: Specifically, am I right in that everything I put on these is deducted from tax, or are there other rules? and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I Pay Off my Student Loan Debts First or Invest in an Index Fund? ### Answer: You are on the right track with your math, but be wary of your assumptions. If you can borrow money at x% (and can ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I Pay Off my Student Loan Debts First or Invest in an Index Fund? ### Answer: A major thing to consider when deciding whether to invest or pay off debt is cash flow. Specifically, how each choi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I Pay Off my Student Loan Debts First or Invest in an Index Fund? ### Answer: Pay off the debt first. Life circumstances change without notice, and starting any stage of life with a debt puts ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: $700 guaranteed to not be touched for 15 years+, should I put it anywhere other than a savings account? ### Answer: (Since you used the dollar sign without any qualification, I assume you're in the Un...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: $700 guaranteed to not be touched for 15 years+, should I put it anywhere other than a savings account? ### Answer: If you plan on holding the money for 15 years, until your daughter turns 21, then ad...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: $700 guaranteed to not be touched for 15 years+, should I put it anywhere other than a savings account? ### Answer: Well, I understand this forum is about money but I think you would be far better off...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If Bernie Madoff had invested in Berkshire Hathaway, would the ponzi actually have succeeded? ### Answer: I could be wrong, but I doubt that Bernie started out with any intention of defrauding anyone...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Forex vs day trading for beginner investor ### Answer: Forex vs Day Trading: These can be one and the same, as most people who trade forex do it as day trading. Forex is the instrument you are trading...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Forex vs day trading for beginner investor ### Answer: This image is an advertisement from this week's Barron's. The broker would want to put himself in the best light, correct? This shows you that o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Forex vs day trading for beginner investor ### Answer: Are you in the US? Because if so, there are tax discrepancies. Gains from sale of stocks held for less than one year are subject to ordinary inco...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is investing in an ETF generally your best option after establishing a Roth IRA? ### Answer: ETFs are a type of investment, not a specific choice. In other words, there are good ETFs and bad. What you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is investing in an ETF generally your best option after establishing a Roth IRA? ### Answer: It's hard to know what to tell you without knowing income, age, marital status, etc., so I'll give some gen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is investing in an ETF generally your best option after establishing a Roth IRA? ### Answer: When investing small amounts, you should consider the substantial toll that commissions will take on your i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the process through which a cash stock transaction clears? ### Answer: This is the sad state of US stock markets and Regulation T. Yes, while options have cleared & settled for t+1 (trade +1 d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are lottery tickets ever a wise investment provided the jackpot is large enough? ### Answer: You're asking if lottery ticket can ever produce a positive expected value (EV). The short answer is, "no"....