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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is real (physical) money traded during online trading? ### Answer: I think you need to define what you mean by "buy currency online using some online forex trading platform" ... In large Fx trades, re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is real (physical) money traded during online trading? ### Answer: This is my two cents (pun intended). It was too long for a comment, so I tried to make it more of an answer. I am no expert with in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pensions, annuities, and “retirement” ### Answer: There are broadly two kinds of pension: final salary / defined benefit, and money purchase. The text you quote above, where it talks about "pension" ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pensions, annuities, and “retirement” ### Answer: Pension in this instance seems to mean pension income (as opposed to pension pot). This money would be determined by whatever assets are being investe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pensions, annuities, and “retirement” ### Answer: With an annuity, you invest directly into an annuity with money you have earned as wages/salary/etc. You pay for it, and trade your payments into the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pensions, annuities, and “retirement” ### Answer: An annuity is a product. In simple terms, you hand over a lump sum of cash and receive an agreed annual income until you die. The underlying investmen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean to a life insurance policy holder to convert from a stock to mutual insurance company? ### Answer: A stock insurance company is structured like a “normal” company. It has shareholder...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can capital loss in traditional IRA and Roth IRA be used to offset taxable income? ### Answer: Edited in response to JoeTaxpayer's comment and OP Tim's additional question. To add to and clarify a lit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can capital loss in traditional IRA and Roth IRA be used to offset taxable income? ### Answer: No, you cannot. If you withdraw everything from all your Roth IRA's and end up with less than the total b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Selling a stock for gain to offset other stock loss ### Answer: Long term gains are taxed at 15% maximum. Losses, up to the $3K/yr you cited, can offset ordinary income, so 25% or higher, depending o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For a car, what scams can be plotted with 0% financing vs rebate? ### Answer: The car deal makes money 3 ways. If you pay in one lump payment. If the payment is greater than what they paid for the car...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does it matter if a Central Bank has a negative rather than 0% interest rate? ### Answer: That is kind of the point, one of the hopes is that it incentivizes banks to stop storing money and start ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where should I be investing my money? ### Answer: Pay off your debt. As you witnessed, no "investment" % is guaranteed. But your debt payments are... so if you have cash, the best way to "invest" it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Specifically when do options expire? ### Answer: Equity options, at least those traded in the American exchanges, actually expire the Saturday after the 3rd Friday of the month. However, the choice t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Negative Balance from Automatic Options Exercise. What to do? ### Answer: Automatic exercisions can be extremely risky, and the closer to the money the options are, the riskier their exercisions are. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Approximation of equity value for company in default ### Answer: Generally "default" means that the company cannot pay off their debts, and since debt holders get paid before equity holders, their equ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it true that 90% of investors lose their money? ### Answer: The game is not zero sum. When a friend and I chop down a tree, and build a house from it, the house has value, far greater than the valu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a company charge you for services never requested or received? ### Answer: In general, you can only be charged for services if there is some kind of contract. The contract doesn't have to be writt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Working out if I should be registered as self-employed in the UK ### Answer: Being self employed just means you fill out some more forms in your annual self assessment for your "profit" from being sel...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: About eToro investments ### Answer: For eToro, just like any other brokerage firm, you can lose your entire capital. I suggest that you invest in one or more exchange-traded funds that track major ind...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay off car loan entirely or leave $1 until the end of the loan period? ### Answer: Not sure if it is the same in the States as it is here in the UK (or possibly even depends on the lender) but if you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Including the region where you live in your investment portfolio? ### Answer: Diversification is a risk-mitigation strategy. When you invest in equities, you generally get a higher rate of return than...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any rules against penalizing consumers for requesting accurate credit reporting? ### Answer: The Fair Credit Reporting Act specifies in some detail on pages 50-54 (as labeled in the footer, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the reasons to get more than one credit card? ### Answer: Another good reason: if you have to replace a card due to damage, loss, or identity theft it's nice to have a backup you can use unti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is economic growth so important? ### Answer: One of the best answers to this question that I've ever read is in a paper published by Robert Lucas in the Journal of Economic Perspectives. That jour...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment strategy for retired couple ### Answer: You need to have them consult with a financial adviser that has a focus on issues for seniors. This is because they are beyond the saving for retirem...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the US Fair Tax? ### Answer: You asked about the challenges. The transition itself is the biggest one. For people to get used to the tax at the register vs at their paycheck. For a great numbe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does bull/bear market actually make a difference? ### Answer: If you know what you are doing, bear markets offer fantastic trading opportunities. I'm a futures and futures options trader, and am equal...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does Tennessee have anything like a principal residence exemption? ### Answer: There's no homestead property tax exemption in TN. According to the TN comptroller site: Exemptions Exemptions are availa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can it be possible that only ~10% of options expire worthless, and only ~10% are exercised? ### Answer: Consider the futures market. Traders buy and sell gold futures, but very few contracts, rela...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will capital gains affect my tax bracket? ### Answer: I'm not sure where you are, but in the United States capital gains are taxed at a lower rate than other types of income. On the 1040, captial gain...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I sell a stock immediately? ### Answer: You can*, if the market is open, in a normal trading phase (no auction phase), works, and there is an existing bid or offer on the product you want to trade...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can a CPA do that an EA cannot, and vice versa? ### Answer: Enrolled Agents typically specialize only in tax matters. Their status allows them to represent clients before the IRS (which a CPA ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is my stock gone forever from a reverse split / bought by another company? ### Answer: GT BIOPHARMA, INC. ANNOUNCES REVERSE STOCK SPILT AS PART OF OXIS-GEORGETOWN PLANNED MERGER LOS ANGELES, CA / ACCE...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does quantitative easing negatively affect stocks? ### Answer: Can you isolate the market impact to just the Fed's quantitative easing? Can you rule out the future economic predictions of low gro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate how much a large stock position is really worth? ### Answer: Something like cost = a × avg_spreadb + c × volatilityd × (order_size/avg_volume)e. Different brokers have different formu...
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: What are the implications of a corporate stock repurchase or share buyback program? ### Answer: A board authorizes the repurchase of shares because they feel the stock in undervalued. The hope is that...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much time should be spent on Penny Stocks Trading a day? ### Answer: How long is a piece of string? This will depend on many variables. How many trades will you make in a day? What income would y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is short selling a good hedging strategy during overzealous market conditions? ### Answer: Short selling can be a good strategy to hedge, but you have almost unlimited downside. If a stock price skyr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to decide on split between large/mid/small cap on 401(k) and how often rebalance ### Answer: It's a trade-off. The answer depends on your risk tolerance. Seeking higher rewards demands higher risk...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying from an aggressive salesperson ### Answer: I often spend weeks or months (and sometimes even years) deciding whether to buy something. Certainly the dealer should recognize you by now if you ta...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some signs that the stock market might crash? ### Answer: There are some economic signs as there are in all economic and business cycles, such as interest rates rising. However, a more effect...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Recent college grad. Down payment on a house or car? ### Answer: Buy a car. Unless you definitely know you are living in the area for a good long time, avoid buying a house and get a car instead. ###e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 401k with paltry match or SPY ETF? ### Answer: I think you understood much of what I say, in general. Unfortunately, I didn't follow Patches math. What I gleen from your summary is a 1% match to the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I replace Microsoft Money with, now that MS has abandoned it? ### Answer: hledger is a free software, cross-platform double-entry accounting tool I've been working on for a while. It has comm...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks print their own paper money / bank notes? ### Answer: Any person at any time may produce their own currency, one can even do so on the back of a paper napkin, ripped beer coaster or wh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros & cons in Hungary of investing retirement savings exclusively in silver? What better alternatives, given my concerns? ### Answer: This sound like a very bad idea. If you invest exclusively in sil...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any circumstance in which it is necessary to mark extra payments on a loan as going to “principal and not interest”? ### Answer: It could be a couple of things besides extra principal: I seem...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Automatic investments for cheap ### Answer: For your purposes, I would recommend using direct investment in a no-load mutual fund. I mostly use Vanguard and would recommend them. They just about inv...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do other countries have the equivalent of Australia's Negative Gearing? ### Answer: In India, where I live, you can: In addition, housing loans are given priority status as well - bank capital require...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to influence a company's actions by buying stock? ### Answer: Another form of 'shareholder' activism. You might be able to buy a single share, which it seems would cost around $35, atte...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why might it be advisable to keep student debt vs. paying it off quickly? ### Answer: Like all other loan-vs-savings questions, it depends on the terms of the loan. If you have a choice, the usual ans...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I sell my stocks when the stock hits a 52-week high in order to “Buy Low, Sell High”? ### Answer: Though it seems unintuitive, you should rationally ignore the past performance of this stock (i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would this kind of penny stock increase so much in value? ### Answer: Disregarding the particular example and focusing on the actual questions: YES, definitely, the whole concept of "pump and dump...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Price graphs: why not percent change? ### Answer: The actual price is represented on charts and not the change in price as a percentage, because it is the actual price which is used in all other parts...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much money should I put on a house? ### Answer: Before doing anything else: you want a lawyer involved right from the beginning, to make sure that something reasonable happens with the house if on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Historical share price at exact day and time ### Answer: An alternative to paying thousands of dollars for historical prices by the minute: Subscribe to real time data for as low as USD$1.5/month fro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: High credit utilization, some high interest - but credit score not overly bad. How to attack debt in this situation? ### Answer: You need to pay off the entire balance of 7450 as soon as possible. Thi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do credit cards require a minimum annual household income? ### Answer: Here's one reason that's being overlooked in answers so far. (@ChrisInEdmonton, this is for your comment on @Chad's answer.) ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: selling apple stock limit order ### Answer: Your order may or may not be executed. The price of stock can open anywhere. Often yesterday's close is a good indication of today's open, but with a big ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I get rid of worthless penny stocks if there is no volume (so market/limit orders don't work) and my broker won't buy them from me? ### Answer: Merrill charges $500 flat fee to (I assume purcha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is day trading considered riskier than long-term trading? ### Answer: In day trading, you're trying to predict the immediate fluctuations of an essentially random system. In long-term investing, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would you elect to apply a refund to next year's tax bill? ### Answer: The refund may offset your liability for the next year, especially if you are a Schedule "C" filer. By having your refund ap...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can individuals day-trade stocks using High-Frequency Trading (HFT)? ### Answer: I just finished a high frequency trading project. Individuals can do it, but you need a lot of capital. You can get a m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the profit of a company directly affect its stock or indirectly by causing people to buy or sell? ### Answer: people implicity agree to sell stocks when a company does bad But, remember, when you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a stock holder profit from a reverse-stock split? ### Answer: If I held stock in these companies yesterday, would I have profited by these gains? No. For DZSI, your 5 shares at $1.10 would now b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How would bonds fare if interest rates rose? ### Answer: 1. Interest rates What you should know is that the longer the "term" of a bond fund, the more it will be affected by interest rates. So a short...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What implications does having the highest household debt to disposable income ratio have on Australia? ### Answer: It is basically the same situation what US was when the crash happened. People took o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: why do I need an emergency fund if I already have investments? ### Answer: Given that the 6 answers all advocate similar information, let me offer you the alternate scenario - You earn $60K and have a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good practice to keep salary account and savings account separate? ### Answer: I pretty much only use my checking. What's the downside? Checking accounts don't pay as much interest as savings ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does it seem unnecessary to fully save for irregular periodic expenses? ### Answer: It totally depends on when your expenses hit and whether you might have a larger stock than necessary. If you ru...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do some stocks have a higher margin requirement? ### Answer: It is a question of how volatile the stock is perceived to be, its beta correlation to the S&P500 or other index. Margin requirements a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I have to pay taxes on income from my website or profits? ### Answer: Being a tax professional, my understanding is that the threshold limit is a single limit for all your source(s) of income. Now ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to buy US stocks on US stock exchanges as a European? ### Answer: Liquidity on dual listed equities is rarely the same on both exchanges. More liquidity means you would typically get a be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do governments borrow money instead of printing it? ### Answer: “Why do governments borrow money instead of printing it? (When printing money, one doesn't need to pay interest).” Good question. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: how derivatives transfer risk from one entity to another ### Answer: The important thing to realize is, what would you do, if you didn't have the call? If you didn't have call options, but you wanted ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Adding a 180 day expiration to checks ### Answer: Your bank has discretion to honor checks after 6 months, so you should talk to your bank about their specific policy. In general, banks won't accept "...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why might it be advisable to keep student debt vs. paying it off quickly? ### Answer: Congratulations for achieving an important step in the road to financial freedom. Some view extending loan payment...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a company block a specific person from buying its stock? ### Answer: A more serious problem: how do you know who's really buying your stock? "Shell companies" are an increasingly obvious problem i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the pros and cons of buying an item on installments with zero percent interest? ### Answer: I personally take the zero percent financing plans any day. I have done this with my car and the i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: why do energy stocks trade at lower prices compared to other sectors? ### Answer: I don't know why stocks in some industries tend to have lower prices per share than others. It doesn't really matter m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First Job, should I save or invest? ### Answer: Congrats on your first real job! Save as much as your can while keeping yourself (relatively) comfortable. As to where to put your hard earned money, f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is property investment good if properties de-valuate over time? ### Answer: One reason for this is that many people don't simply allow their houses to rot and decay. If you're talking about a hous...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are index funds called index funds? ### Answer: Because they track an index. Edited: The definition of the word in this case meaning "something used or serving to point out; a sign, token, or indi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does PMI mean? ### Answer: Private Mortgage Insurance. It's money that you pay to an insurance company to make the lender whole in the event that you go into default. It's a real waste of money f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to distinguish gift from payment for the service? ### Answer: Generally, a one time thing is considered a gift. For the donor this is obviously not a deductible expense, except for some specific c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Recent college grad. Down payment on a house or car? ### Answer: Given the state of the economy, and the potential of a rough near future for us recent grads (i.e. on/off work), I would recommend hold...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Comparing keeping old car vs. a new car lease ### Answer: Look at the basic cost of the lease. Option 1: keep the car for three years. Pay for repairs during that time then sell it for $7,000. Option...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does giving to charity work? ### Answer: For many people, giving to charity will have minimal effect on their taxes. Non-profits love to attract donations by saying the money is tax deductible, bu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is routing number called ABA/ABN number? ### Answer: With number of Banks increasing every country at some point in time adopted an Identification code. In US these are called ABA number because t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How did I end up with a fraction of a share? ### Answer: Theoretically, yes, you can only buy or sell whole shares (which is why you still have .16 shares in your account; you can't sell that fraction...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do financial institutions charge so much to convert currency? ### Answer: Is there not some central service that tracks current currency rates that banks can use to get currency data? Sure. But t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good investment for a foreigner to purchase a flat/apartment in China? ### Answer: I think a greater problem would be the protection of your property right. China hasn't shown much respect fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is needed to be a “broker”? ### Answer: You must understand that: So, if you -- the prospective buyer -- are in Waukegan, do you take the train all the way to New York City just to buy 100 shares...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate ownership for property with a partner ### Answer: To add to ChrisInEdmonton's answer: Your conveyancing solicitor should be able to advise on the details, but a typical arrangement in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Digital envelope system: a modern take ### Answer: If psychologically there is no difference to you between cash and debit (you should test this over a couple of months on yourself and spouse to make ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Long term investing alternative to mutual funds ### Answer: You are not limited in these 3 choices. You can also invest in ETFs, which are similar to mutual funds, but traded like stocks. Usually (at ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do interest rates increase or decrease? ### Answer: My answer is specific to the US because you mentioned the Federal Reserve, but a similar system is in place in most countries. Do interest rates...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Value of put if underlying stays below strike? ### Answer: The value at expiration does not depend on the price path for a plain vanilla European or American option. At expiration, the value would sim...