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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For the first time in my life, I'm going to be making real money…what should I do with it? ### Answer: On the one hand, it's a great idea to open a Roth IRA now, once you've got the cash to contribute...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't market indexes use aggregate market capitalization? ### Answer: They do but you're missing some calculations needed to gain an understanding. Intro To Stock Index Weighting Methods notes in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I file 83(b) election, but did't include a copy of it in that year’s tax return ### Answer: I've consulted with 5-6 accountants and people who've had the issue before. The advice I received boils down...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What one bit of financial advice do you wish you could've given yourself five years ago? ### Answer: I wish I had started contributing to the pension fund offered by my employer sooner than it became ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a Discount Called in the Context of a Negative Interest Rate? ### Answer: Negative Yields on Bonds is opposite of Getting profit on your investment. This is some kind of new practice from worl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where should I invest to hedge against the stock market going down? ### Answer: There are multiple ETFs which inversely track the common indices, though many of these are leveraged. For example, SDS ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to the insider trade profits? ### Answer: You seem to have a little confusion over terminology that should be cleared up: You are calling this "day-trading" Day-trading is the term for pe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is CLM a stock or an ETF? ### Answer: Cornerstone Strategic Value Fund, Inc. is a diversified, closed-end management investment company. It was incorporated in Maryland on May 1, 1987 and commenced in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ways to establish credit history for international student ### Answer: I think you should try to talk with the credit union at your campus first, they may have offer you a credit card even you don't h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I have to pay a capital gains tax if I rebuy the same stock within 30 days? ### Answer: Yes. Wash rules are only for losses. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a credit card company raise my rates for making a large payment? ### Answer: No. Credit card companies will typically not care about your individual credit card account. Instead they look either a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should we prepay our private student loans, given our particular profile? ### Answer: Based on your numbers, it sounds like you've got 12 years left in the private student loan, which just seems to be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should Emergency Funds be Used for Infrequent, but Likely, Expenses? ### Answer: I would suggest that you use Emergency Funds for things that have a Low likelihood of happening but if they do happen c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When's the best time to sell the stock of a company that is being acquired/sold? ### Answer: This is but one opinion. Seek others before your act. "When someone puts a million dollars in your hand, c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Home loan transferred to Freddie Mac — What does this mean? ### Answer: Lenders may sell your mortgage to other lenders for a fee. For example, your lender might sell your mortgage to the highest bi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do I get a much better price for options with a limit order than the ask price? ### Answer: There are people whose strategy revolves around putting orders at the bid and ask and making money off p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to execute a large stock purchase, relative to the order book? ### Answer: I normally just do a buy limit at the price I want to buy it at. Then it executes when it's that price or lower, but ther...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where should my money go next: savings, investments, retirement, or my mortgage? ### Answer: As the others said, you're doing everything right. So, at this it's not a matter of what you should do, it'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the benefits of opening an IRA in an unstable/uncertain economy? ### Answer: Even Gold lost 1/2 of it's value between 1980 and 2000. You would not have fared well if you retired during that...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to determine duration of a common stock whose dividends grow in perpetuity? ### Answer: The Dividend Discount Model is based on the concept that the present value of a stock is the sum of all futu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Rate of change of beta ### Answer: This is a useful metric in that it gives you a trust factor on how reliable the beta is for future expectations It is akin to velocity and acceleration First and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Am I “cheating the system” by opening up a tiny account with a credit union and then immediately applying for a huge loan? ### Answer: Credit Unions turn a profit by lending money at a higher interest...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay online: credit card or debit card? ### Answer: Nowadays, some banks in some countries offer things like temporary virtual cards for online payments. They are issued either free of charge or at a n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with the stock from my Employee Stock Purchase Plan? ### Answer: While my margin is not nearly as good as yours, I sell out early. I generally think it's a bad idea to hold any singl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who could afford a higher annual deductible who couldn't afford a higher monthly payment? ### Answer: It's simple. Most people don't spend $6000 a year in medical care. As for myself, there's probably...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: UK student loans, early repayment/avoiding further debt ### Answer: I think you're right that from a pure "expected future value" perspective, it makes sense to pay this loan off as quickly as possibl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I purchase a whole life insurance policy? (I am close to retirement) ### Answer: Disclaimer: I work in life insurance, but I am not an agent. First things first, there is not enough informati...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are wire transfers and other financial services in Canada so much more expensive than in Europe? ### Answer: I don't believe there is any particular structural or financial reason that outgoing wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stochastic Oscillator for Financial Analysis ### Answer: While trading in stochastic I've understood, one needs reference (SMA/EMA/Bolinger Band and even RSI) to verify trade prior entering it. Stocha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to motivate young people to save money ### Answer: I recommend pulling up a retirement calculator and having an honest conversation about how long term savings works, and the power of compound int...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How quickly will the funds be available when depositing credit card checks? ### Answer: For those who don't know, credit card checks are blank checks that your credit card company sends you. When you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Self assessment expenses - billing date or payment date? ### Answer: Unless you're running a self-employed business with a significant turnover (more than £150k), you are entitled to use cash basis ac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much of my capital should I spend on subscribing to a stock research company? ### Answer: To complement farnsy's answer, I want to warn people against market prediction scams. If they give uniform...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do “Instant Approved” credit card inquires appear on credit report? ### Answer: It is not delayed and if it didn't show yet - will not show on that agency's credit report. However, you may find it on ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much lump sum investment in stocks would be needed to yield a target stable monthly income? ### Answer: If your requirements are hard (must have $1000/month, must have the same or bigger in capita...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Starting off as an investor ### Answer: You've asked eleven different questions here. Therefore, The first thing I'd recommend is this: Don't panic. Seek answers to your questions systematically, one...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As a 22-year-old, how risky should I be with my 401(k) investments? ### Answer: At twenty-two, you can have anywhere between 100%-70% of your securities portfolio in equities. It is reasonable to star...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much should a new graduate with new job put towards a car? ### Answer: In a very similar situation as yours, I bought a used motorcycle for $3000. It was still reasonably new, very reliable, and w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Books, Videos, Tutorials to learn about different investment options in the financial domain ### Answer: Those are some very broad questions and I don't think I can answer them completely, but I will ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What tax advantage should I keep an eye for if I am going to relocate? ### Answer: Depends. If you can choose where to relocate to, then I second the "no income tax" states. But even of these chose wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are there so many stock exchanges in the world? ### Answer: Stock exchanges have been undergoing a period of consolidation for the past hundred years for the exact reasons you mentioned. The exist...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are daily rebalanced inverse/leveraged ETFs bad for long term investing? ### Answer: Fund rebalancing typically refers to changing the investment mix to stay within the guidelines of the mutual fu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should you keep your stocks if you are too late to sell? ### Answer: The stock price is not only based on the general market trend and the stock's current profitability and prospects, but is also base...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is This A Scam? Woman added me on LinkedIn first, then e-mailed offering me millions of dollars [duplicate] ### Answer: Yes. If you reply back, they'll confirm that Uncle Alex did indeed leave you $7...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax rules for United States citizens living in the US but being paid from outside the US ### Answer: You can and are supposed to report self-employment income on Schedule C (or C-EZ if eligible, which...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are my investment options in real estate? ### Answer: I compared investing in real estate a few years ago to investing in stocks that paid double digit dividends (hard to find, however, managing ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the Black-Scholes Model apply to American Style options? ### Answer: A minor tangent. One can claim the S&P has a mean return of say 10%, and standard deviation of say 14% or so, but when you run...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there anything I can do to prepare myself for the tax consequences of selling investments to buy a house? ### Answer: If you need less than $125k for the downpayment, I recommend you convert your m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Question about being a resident ### Answer: This sort of involves personal finance, and sort of not. But it's an interesting question, so let's call it on topic? Short answer: yes. Long answer: it dep...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Weekly budgets based on (a variable) monthly budget ### Answer: If you know, approximately, the minimum he would get in a month, his budget should be planned based on this amount. In months where he g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do annual risks translate into long-term risks? ### Answer: The short answer is the annualised volatility over twenty years should be pretty much the same as the annualised volatility over five ye...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Fractional Reserve Banking and Insolvency ### Answer: It certainly is possible for a run on the bank to drive it into insolvency. And yes, if the bank makes some bad loans, it can magnify the problem...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What part of buying a house would make my net worth go down? ### Answer: You can look at buying a house as being a long term investment in not paying rent. In the short time there are costs to buyin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to make money from a downward European market? ### Answer: If you want to make money while European equities markets are crashing and the Euro itself is devaluing: None of these strategies are to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it inadvisable to leave a Roth IRA to charity upon death? ### Answer: You need to keep in mind that there's an exemption amount of more than $5M (five million) dollars for estate tax. Unless you us...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to register LLC in the US from India? [duplicate] ### Answer: Wyoming is a good state for this. It is inexpensive and annual compliance is minimal. Although Delaware has the best advertising campa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I have to repay the First-Time Homebuyers tax credit if I refinance? ### Answer: No. As long as you live in the house for 3 years, it's yours to keep. Financing has nothing to do with that. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paid cash for a car, but dealer wants to change price ### Answer: Let me get this straight. I would stand my ground. Your son negotiated in good faith. Either they messed up, or they are dishonest. Ei...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do people tend to spend less when using cash than credit cards? ### Answer: Psychology Today had an interesting article from July 11, 2016, in which they go through the psychological aspects of using ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any difference between buying a few shares of expensive stock or a bunch of cheap stock ### Answer: I was thinking that the value of the stock is the value of the stock...the actual number of shares r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What exactly is a “derivative”? ### Answer: A derivative is a financial instrument of a special kind, the kind “whose price depends on, or is derived from, another asset”. This definition is from Joh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to the original funds when a certified bank check is not cashed? ### Answer: The answer probably varies with local law, and you haven't said where you're located. In most or all US states...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shares; are they really only for the rich/investors? ### Answer: Small purchases will have a disproportionate expense for commissions. Even a $5 trade fee is 5% on a $100 purchase. So on one hand, it'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How long does it take for money to transfer into a mastercard? ### Answer: In a nutshell, as long as they (Sparkasse) choose to. I work with banks where it happens the moment I submit the transaction ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does borrowing from my 401(k) make sense in my specific circumstance? ### Answer: I completely agree with Pete that a 401(k) loan is not the answer, but I have an alternate proposal: Reduce your 401(k...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does FIFO cost basis applies across multiple accounts? ### Answer: To sum up: My question came from misunderstanding what cost basis applies to. Now I get it that it applies to stocks as physical enti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Student loan payments and opportunity costs ### Answer: I'll use similar logic to Dave Ramsey to answer this question because this is a popular question when we're talking about paying off any debt ea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: what is the best way of investment which gives returns forever? ### Answer: What is the best way that I can invest money so that I can always get returns? If you want something that doesn't require ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Recourse with Credit Card company after victimized by fraud? ### Answer: If the business is being investigated by your state's Attorney General's office, then your first call should be to that office....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Facebook buying WhatsApp for 19 Billion. How are existing shareholders affected? ### Answer: Of course it is a dilution of existing shareholders. When you buy milk in the supermarket - don't you feel ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a company care about the price of its own shares in the stock market? ### Answer: Fiduciary They are obligated by the rules of the exchanges they are listed with. Furthermore, there is a str...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using Loan to Invest - Paying Monthly Installments with Monthly Income ### Answer: The best strategy? Skip the loan. Find a way to invest for a low starting amount via a retirement account (such as a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What options exist to make money in the US on a work-restricted visa? ### Answer: Income generated from online sales is not considered "passive income", so you need to be authorized to work in the U.S...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Placing limit order and stop loss on same stock at same time ### Answer: From your question, I am guessing that you are intending to have stoploss buy order. is the stoploss order is also a buy order ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why could rental costs for apartments/houses rise while buying prices can go up and down? ### Answer: I am from Australia, so my answer is based on my experience over here, however it should be simila...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What do I need to do to form an LLC? ### Answer: I know that there are a lot service on the internet helping to form an LLC online with a fee around $49. Is it neccessarry to pay them to have an LLC o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What options do I have at 26 years old, with 1.2 million USD? ### Answer: That's what I would do; 1.2 million dollars is a lot of money, but it doesn't make you retired for the rest of your life: Ther...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In general, is it financially better to buy or to rent a house? ### Answer: Which is generally the better option (financially)? Invest. If you can return 7-8% (less than the historical return of the S...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there index tracking funds that avoid the “buy high - sell low” problem? ### Answer: There are some index funds out there like this - generally they are called "equal weight" funds. For example, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Cons of withdrawing money from an Roth IRA account? ### Answer: One "con" I have not yet seen mentioned: retirement accounts are generally protected from creditors in a bankruptcy. There are limits a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it necessary to pay tax if someone lends me money to put into my mortgage? ### Answer: This answer is specifically for the UK, but one building society has an account set up specifically for this. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to reconcile performance with dividends? ### Answer: Just look at the published annualized returns, which are inclusive of distributions and fees. From the Vanguard website: Average annual returns...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I be more aggressive in a Roth IRA, 401k, or taxable account? ### Answer: I think you may be drawing the wrong conclusion about why you put what type of investment in a taxable vs. tax-advantag...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wash sales + restricted stock in US ### Answer: grant date or vesting date? A: For restricted stock, I think the vesting date meets the requirements of the second wash sale trigger from IRS Pub 550: W...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Simple and safe way to manage a lot of cash ### Answer: If this money is intended to be used for retirement and depending on how old "older" is, it sounds a little risky to be putting too much money i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Personal Tax Return software for Linux? ### Answer: TurboTax online works via Firefox (i.e. it is a cloud-based service.) I don't think any downloaded software is available directly for Linux. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I use debt management to improve my financial situation? ### Answer: Debt management plans address unsecured debts like credit cards and personal loans. Debt management usually happens through...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much should a graduate student attempt to save? ### Answer: First, don't save anything in a tax sheltered vehicle. You will be paying so little tax that there will be essentially no benefit to mak...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do market shares exhaust? ### Answer: As @ApplePie pointed out in their answer, at any given time there is a finite amount of stock available in a company. One subtlety you may be missing is that ther...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do employer contributions count against HSA limits? ### Answer: am I comparing apples and oranges? Yes - different purposes, different laws, different regulations. One rationale could be that HSA...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I rely on my home equity to finance large home repairs? ### Answer: Yes, a HELOC is great for that. I just had my roof done last month (~$15K, "ugh") and pretty much every major contractor in my a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Impact of RMD on credit worthiness ### Answer: The actual policy will vary based on the specific bank. But, if I were in your shoes I'd include RMDs in my stated income for credit card purposes. ###e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who should pay taxes in my typical case? ### Answer: Once you turn 18 you should open an account in your own name and transfer the assets there. Currently your mom is the one responsible as far as the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does high inflation help or hurt companies with huge cash reserves? ### Answer: This is a reasonable question about inflation. I would just like to note that inflation is nearly zero at the moment. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I have $1000 to invest in penny stocks online, should I diversify risk and invest in many of them or should I invest in just in one? ### Answer: There's a grey area where investing and speculating ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the fractional-reserve banking not a Ponzi scheme? ### Answer: The fundamental underlying difference between a bank and a Ponzi scheme: When a bank lends money and charges interest, people can ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible for me to keep my credit card APR at 0% permanently? ### Answer: Banks don't care that you are responsible cardholder. They care to make money. Interest rates are basically 0% by govern...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying my first car out of college ### Answer: I've seen this approach to buying/funding cars described in a couple of different ways over the years. Random thoughts: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Low risk withdrawal from market. Is there a converse to dollar-cost-averaging? ### Answer: When you are a certain age you will be able to tap into your retirement accounts, or start receiving pension ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is stock in a private corporation taxable? ### Answer: This stock is the same as any other, but you need to keep clear in your head that you and your company are now different entities. You (the pers...