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FinQA

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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I find hotel properties to buy other than using Google? ### Answer: Probably the easiest way to invest in hotel rooms in the U.S. is to invest in a Real Estate Investment Trust, or REIT. REIT...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Benefits/Disadvantages of using a credit card ### Answer: Everyone else seems to have focused (rightly so) on the negatives of credit cards (high interest rates) and why it is important to pay the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Better ways to invest money held by my small, privately-held Canadian corporation? ### Answer: Since you are talking about a small firm, for the long term, it would be advisable to invest your money i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the USA, does the income tax rate on my wages increase with the amount of money in my bank account? ### Answer: besides accrued interest But that's important. one has $40,000 in their account and t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do finance professionals procounce “CECL”? ### Answer: According to the following links, it is commonly pronounced "Cecil". https://kaufmanrossin.com/blog/bank-ready-meet-cecil/ The proposed mod...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does the price of oil influence the value of currency? ### Answer: From an investor's standpoint, if the value of crude oil increases, economies that are oil dependent become more favourable (oil ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you choose which mortgage structure is appropriate when buying a home? ### Answer: Go for 15 years loan - Lower interest rate over 2-5 years period. If you can afford to pay 20% down then pleas...
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: I'm no financial advisor, but I do have student loans and I do choose to pay them off as slowly as I can. I will e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I calculate the volatility(standard deviation) of a stock price? and/or ROI (return on investment) of a stock? ### Answer: Use the Black-Scholes formula. If you know the current price, an opti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does dollar cost averaging apply when moving investments between fund families? ### Answer: The first step I would do is determine the asset class mixture for your current portfolio and the mixture fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a mathematical formula to determine a stock's price at a given time? ### Answer: I found the answer. It was the Stock Ticker that I was looking for. So, if I understand correctly the price at...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is 0% credit card utilization worse than 1-20% credit card utilization for any reason other than pure statistics? ### Answer: The whole point of a credit report and, by extension, a credit score, is t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I get the car refinanced under my name if my girlfriend signed for the loan? ### Answer: The best solution is to "buy" the car and get your own loan (like @ChrisInEdmonton answered). That bein...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do some online stores not ask for the 3-digit code on the back of my credit card? ### Answer: @Jeremy Using CVV doesn't decrease the transaction cost. I know this because I have quotes for CC tran...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I find the nominal price of a stock prior a split into multiple companies? ### Answer: Yahoo Finance provides the proper closing price. HP's historical data around the split date can be fou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can PayPal transfer money automatically from my bank account if I link it in PayPal? ### Answer: I linked my bank account (by making a transfer from bank account to Paypal) without linking a card. Thi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does Value Averaging work in practice? ### Answer: Value averaging has you shift the balance of your portfolio over time, not the amount of contributions. So you can only do it if you have a port...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I put a large down payment (over 50%) towards a car loan, can I reduce my interest rate and is it smart to even put that much down? ### Answer: Talk to your bank first but shop around a bit as well...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between trading and non-trading stock? ### Answer: Every company has Stocks. For the stocks to be traded via some stock exchange, the companies must follow the eligibility cri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: New to Stock Trading ### Answer: Good ones, no there are not. Go to a bookstore and pick up a copy of "The Intelligent Investor." It was last published in 1972 and is still in print and will teach y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros and Cons of Interest Only Loans ### Answer: Given the current low interest rates - let's assume 4% - this might be a viable option for a lot of people. Let's also assume that your actual interes...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit card transactions for personal finances ### Answer: I use mint.com for tracking my finances. It works on mobile phones, tablets, and in a browser. If you don't mind the initial hassle of putt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a bank statement be submitted as a proof of investment? ### Answer: Probably not. A debit of 50K in your Bank statement does not mean that its invested into tax saving instrument. This question is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock Exchange in US ### Answer: The easiest route for you to go down will be to consult wikipedia, which will provide a comprehensive list of all US stock exchanges (there are plenty more than the on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How will Brexit affect house mortgages? ### Answer: Only you can decide whether it's wise or not given your own personal circumstances. Brexit is certainly a big risk, and noone can really know what w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I claim a tax deduction for working from home as an employee? I work there 90% of the time ### Answer: The short answer is yes you probably can take the deduction for a home office because the spa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to prevent myself from buying things I don't want ### Answer: Nathan's answer was a +1 from me. The answer is not always simple. Having the money available is surely the first step. Using Pete's p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does buying and selling a stock OR holding onto it make a company look better? ### Answer: I have watched the ticker when I have made a transaction. About ¼ of the time my buy (or sell) actually moves...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are online mortgage lenders as good as local brick-and-mortar ones? ### Answer: I had a pretty good experience with Lending Tree, although they are a mortgage broker, not a lender themselves. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Form 1040 - where to place my stipend? ### Answer: Some of the 45,000 might be taxable. The question is how was the stipend determined. Was it based on the days away? The mile driven? The cities you w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Starting a new job. Help me with retirement/debt planning please! ### Answer: I would go with your alternative idea: get rid of the debt as fast as possible. You have $32k of debt. It's a lot, but ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If someone gives me cash legally, can my deposit trigger an audit for them? ### Answer: Yes you should worry and take care not to violate the law or provide any appearance of impropriety. Every bank...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At Vanguard, can I transfer shares from regular investment account to a Roth IRA? ### Answer: Since you are paying taxes on the distributions from your mutual funds anyway, instead of reinvesting the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Super-generic mutual fund type ### Answer: Since you already have twice your target in that emergency fund, putting that overage to work is a good idea. The impression that I get is that you'd still l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Correct Ways of Importing Personal Finance Transaction Data ### Answer: You'll need to find out in what format MoneyStrands expects the data. A .qif or an .ofx file may not be the answer. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what age should I start or stop saving money? ### Answer: There is no age-limit, in fact the sooner you start the better - the sooner the money starts to compound. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is Insider Trading Illegal? ### Answer: @sdg - If you can be flippant, I can be pedantic. Insider Trading is not illegal. Any employee of a company can be an insider, yet most of their trades are ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I sell a 2nd home, or rent it out? ### Answer: One piece of information you didn't mention is how much you paid for the original home. If you hold onto that home for too long you will have to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If banksimple.com is not a bank, what is it? ### Answer: The model itself is fairly common for serving particular niche markets. A few other organizations which operate in similar setups: prepaid card...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I deduct personal loans or use them as tax “write offs?” ### Answer: You will have to write it off as an offset of capital gains or as bad debt against personal income, limited to $3k/ yr. Write o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best way to start investing, for a young person just starting their career? ### Answer: I tell you how I started as an investor: read the writings of probably the best investor of the history and beco...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the average rate of return for some of the most mainstream index funds? ### Answer: When asking about rate of return it is imperative to specify the time period. Average over all time? Average ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with my paper financial documents? ### Answer: Here's my approach: As for Google Docs, I think that its safe enough for most people. If you in a profession that was subject to heavy r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Short term parking of a large inheritance? ### Answer: What are the options available for safe, short-term parking of funds? Savings accounts are the go-to option for safely depositing funds in a way ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I can make a budget, but how can I get myself to consistently follow my budget? ### Answer: It's simple, really: Practice. Fiscal responsibility is not a trick you can learn look up on Google, or a se...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Estimated Taxes Fall Short of tax liability — how do I pay extra online (Federal and NYS) ### Answer: If you qualify for the safe harbor, you are not required to pay additional quarterly taxes. Of co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are these scenarios considered as taxable income? ### Answer: For case 1, there is no tax due as you sold the book for less than your cost basis. If you had sold for more than $100, then you would hav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Online Foreign Exchange Brokerages: Which ones are good & reputable for smaller trades? ### Answer: I used Oanda.com for Forex trading a couple years ago. I am in the US but I think it's available in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Personal finance software for Mac that can track stocks and mutual funds? (Even manual updating of share prices will do.) ### Answer: I currently use Moneydance on my Mac. Before that I had used Quic...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I trade in a car I own to lower my payments on a new lease? ### Answer: Trade-in values are generally below what you can get in a private sale. To directly answer your question, you should sell...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What size “nest egg” should my husband and I have, and by what age? ### Answer: Here's another answer on the topic: Saving for retirement: How much is enough? An angle on it this question made me thin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does the Fed use PCE over CPI? ### Answer: (the average person doesn't care nor are they affected by how much their employer spends in healthcare) It may be true that the average person doesn't ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should a retail trader bother about reading SEC filings ### Answer: There are many different kinds of SEC filings with different purposes. Broadly speaking, what they have in common is that they are ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can small children contribute to the “family economy”? ### Answer: Another suggestion I heard on the radio was to give the child the difference between the name brand they want, and the store bran...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any way to buy a new car directly from Toyota without going through a dealership? ### Answer: Yes, nothing is impossible! :) You can buy it directly from the factory of manufacturer, but then...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Canceling credit cards - insurance rate increase? ### Answer: Your credit score can be part of the algorithm for setting your rates for auto insurance. It is one of many factors including sex, age, zi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: UK: Personal finance book for a twenty-something ### Answer: I will definitely recommend the following books The above books will open lot of eyes to exactly know what you are doing with your personal...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the financial advantages of living in Switzerland? ### Answer: In addition to what George said, there are other things that probably benefit Switzerland: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people buy stocks that pay no dividend? ### Answer: Shares in a company represent a portion of a company. If that company takes in money and doesn't pay it out as a dividend (e.g. Apple), the c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are BIC and SWIFT code the same things? ### Answer: IBAN -> is International Bank Account Number. The number is constructed in such a way that it uniquely identifies your account in the world. I.e. it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why the need for human brokers while there are computers? ### Answer: There are still human brokers on the floor primarily due to tradition. Their numbers have certainly dwindled, however, and it's re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Switch from DINK to SIWK: How do people afford kids? ### Answer: As this is anonymous, can you give us actual numbers? I can make guesses based on your percentages, but it would help. Lets assume you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do “held” amounts appear on statements and affect balances of traditional credit cards? ### Answer: The "hold" is just placeholder that prevents you from overspending until the transaction is sett...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can someone explain the Option Chain of AMD for me? ### Answer: The current price is $8.05. If you want the right to sell it to someone (put it to the buyer) for $10, you have to pay $2. Since you're ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I adjust to a new social class? ### Answer: Under what conditions did you move? My favourite method of judging prices objectively comes from concepts written in Your Money or Your Life by Joe D...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I get a mortgage I can't afford? ### Answer: Save up a bigger downpayment. The lender's requirement is going to be based on how much you finance, not the price of the house. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would it make sense to take a loan from a relative to pay off student loans? ### Answer: Personally, I avoid making business deals with friends and relatives. There's just too much of a possibility th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would preferred shares have less potential for capital gain compared to common stock? ### Answer: True blue preferred shares are considered loose hybrids of credit and equity. They are more senio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: find stock composition of a publicly traded fund ### Answer: The big websites, Yahoo and the like, only give the 10 biggest positions of any fund. Download the annual report of the fund, go to page 18...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment strategy for retired couple ### Answer: The safest investment in the United States is Treasures. The Federal Reserve just increased the short term rate for the first time in about seven yea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best use of “spare” money? ### Answer: There's a hellova lot to be said for investing in real estate (simple residential real estate), even though it's grandma's advice. The two critical e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: U.S. Mutual Fund Supermarkets: Where are some good places to buy mutual funds? ### Answer: There are hundreds of entities which offer mutual funds - too many to adequately address here. If you need to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Relation between interest rates and currency for a nation ### Answer: What you are asking about is called Interest Rate Parity. Or for a longer explanation the article Interest Rate Parity at Wikipedi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Equity - date of offer, or date of joining? ### Answer: TL;DR: The date they were granted. (Usually, this follows both an offer and acceptance.) It's not uncommon for a new vesting clock to start whe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I invest in the world's strongest currency instead of my home currency? ### Answer: A currency that is strong right now is one that is expensive for you to buy. The perfect one would be a curre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to convert coins into paper money or deposit coins into bank account, without your bank in local? ### Answer: Ask around your area. Some stores will exchange because it saves them having to go to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Intrinsic value of non-voting shares which don't pay dividends ### Answer: Some companies offer discounts for shareholders. I believe Disney used to do so, for example; if your family was doing the Di...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I short-sell a dividend-paying stock, do I have to pay the dividend? ### Answer: You could hold a long position in some company XXXX and then short your own shares (assuming your broker will let yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do moving average acts as support and resistance? ### Answer: As you point out, the moving average is just MA(k)t = (Pt-1 + … + Pt-k )/k and is applied in technical analysis (TA) to smooth out vol...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a typical investment portfolio made up of? ### Answer: An investment portfolio is typically divided into three components: All three of those can be accessed through mutual funds or ETFs. A 40...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I get cash from credit card at 0% for 8 months and put it on loans? ### Answer: On the face, this appears a sound method to manage long run cumulative interest, but there are some caveats. Maxi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Evidence for timing market in the short run? ### Answer: This is the S&P a bit over 20 years. If you've discovered a way to sell at 1400 in 2000, buy at 800 or so in 2003, sell again, well, you get th...
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: Your attitude is great, but be careful to temper your (awesome) ambition with a dose of reality. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with the 50k I have sitting in a European bank? ### Answer: Unfortunately I do not have much experience with European banks. However, I do know of ways to earn interest on bank accoun...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculate Future Value with Recurring Deposits ### Answer: Using the following values: The formula for the future value of an annuity due is d*(((1 + i)^t - 1)/i)*(1 + i) See Calculating The Present A...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ongoing things to do and read to improve knowledge of finance? ### Answer: I'm another programmer, I guess we all just like complicated things, or got here via stackoverflow. Obligatory tedious but ac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is money actually made from the buying or selling of options? ### Answer: Not all call options that have value at expiration, exercise by purchasing the security (or attempting to, with funds in y...
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: No. There is no incentive for the card issuer to permanently loan you money for free (Even though they make a small amou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do ETF dividends make up for fees? ### Answer: Any ETF has expenses, including fees, and those are taken out of the assets of the fund as spelled out in the prospectus. Typically a fund has dividend ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to an Earnest Money Deposit if underwriting falls through? ### Answer: Your Purchase and Sale agreement should have a financing contingency. If it doesn't, your money may be at risk, and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Previous owner of my home wants to buy it back but the property's value is less than my loan… what to do? ### Answer: I would tell the former owner that you will sell him the house for you current loa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Opening a bank account with cash: How should bills be presented? ### Answer: Banks have electronic money counters so the order really doesn't matter. When I make a cash deposit that's large, I usually...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much would it cost me to buy one gold futures contract on Comex? ### Answer: When you buy a futures contract you are entering into an agreement to buy gold, in the future (usually a 3 month settle...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can the Delta be used to calculate the option premium given a certain target? ### Answer: One thing I would like to clear up here is that Black Scholes is just a model that makes some assumptions abou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I find the mappings between sedol and isin codes? ### Answer: You can get this information through Bloomberg, but it's a paid service. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Friend was brainwashed by MLM-/ponzi investment scam. What can I do? ### Answer: As others have stated, it will be very difficult for you to turn your friend around. He has already demonstrated great ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to buy put options or buy an inverse leveraged ETF? ### Answer: Depends on how far down the market is heading, how certain you are that it is going that way, when you think it will fall, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy out my brother on a property we will inherit before making improvements? ### Answer: If your father is still able to make financial decisions and sign contracts, I see a better option. Ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a free, online stock screener for UK stocks? ### Answer: I use and recommend barchart.com. Again you have to register but it's free. Although it's a US system it has a full listing of UK stoc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A calculator that takes into account portfolio rebalancing? ### Answer: My answer is Microsoft Excel. Google "VBA for dummies" (seriously) and find out if your brokerage offers an 'API'. With a brie...