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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I get a mortgage from a foreign bank? ### Answer: Simple answer YES you can, there are loads here are some links : world first , Baydon Hill , IPF Just googling "foreign currency mortgage", "inter...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advantages of paying more of your mortgage while you know you won't continue to live there your whole life ### Answer: I will add one thought on to this thread. This is a financial concept called "Ne...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would refinancing my mortgage increase my PMI, even though rates are lower? ### Answer: The PMI rate is calculated at the time your mortgage is underwritten to be terminated at the point where you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Analyze a security using Benjamin Graham's Defensive Investor Criteria ### Answer: Everything you are doing is fine. Here are a few practical notes in performing this analysis: Find all the primary fi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to transfer money to yourself internationally? ### Answer: Hmmm... As far as I know wire transfers are still the best option. If you make sure your US account accepts international wires for free ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why buy stock of a company instead of the holding company who has more than 99% of the stocks ### Answer: In a situation like this, I presume you'd invest in the child company if you thought that the ...
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: By buying the call option, you are getting the benefit of purchasing the underlying shares (that is, if the shares go up in value, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I predict which way mortgage rates are moving? ### Answer: If economic conditions are weakening, i.e. unemployment rising, business and consummer confidence dropping, etc., you can expect inte...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How could a company survive just on operations cash flow, i.e. no earnings? ### Answer: It depends on the definition of earnings. A company could have revenue that nets in excess of expenses, so from...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Made more than $600. Company does not issue 1099-MISC's. Enter income as general income? ### Answer: I'm not sure how this gets entered in TurboTax, but this income from the company should be included...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are all financial advisors compensated in the same way? ### Answer: No, they certainly are not compensated the same way. Some are paid by commission that they earn from the products they sell (ie, ce...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is housing provided by a university as employer reported on 1040? ### Answer: You should ask a CPA or tax lawyer to what extent living in specific housing provided by the employer as a job requirement...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Creating S-Corp: Should I Name My Wife as a Director/Shareholder? ### Answer: There are many aspects to consider in deciding what sort of company you want to form. Instead of an S-corporation, you sho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does an owner of a bond etf get an income even if he sells before the day of distribution? ### Answer: Your ETF will return the interest as dividends. If you hold the ETF on the day before the Ex-Div...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some sources of information on dividend schedules and amounts? ### Answer: I second the Yahoo! Finance key stats suggestion, but I like Morningstar even better: http://quote.morningstar.com/s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where do stock traders get realtime updates on Fed announcements? Is there a feed I could scrape? ### Answer: Tthe easiest place to see Fed announcements as soon as they're published is the Federal Re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are Exchange-Traded Funds (ETFs) less safe than regular mutual funds? ### Answer: I wonder if ETF's are further removed from the actual underlying holdings or assets giving value to the fund, as compa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the Fed keeping interest rates low stimulate investment in the stock market and other investments? ### Answer: Investopedia has this note where you'd want the contrapositive point: The interest r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If stock price drops by the amount of dividend paid, what is the use of a dividend ### Answer: I'm fairly convinced there is no difference whatsoever between dividend payment and capital appreciation....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Alternatives to Intuit's PayTrust service for online bill viewing and bill payment? ### Answer: (Six years later...) I've used CheckFree for over 20 years, and my uncle started using it back in the ea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does investment bank risk during IPO? ### Answer: There are two kinds of engagements in an IPO. The traditional kind where the Banks assume the risks of unsold shares. Money coming out of their p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the rate of return for a security when there is no risk-free rate (CAPM)? ### Answer: For starters, the risk-free rate has nothing to do with stocks. It would be independent of anything. It ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is an interest-only mortgage a bad idea? ### Answer: Really the question you need to ask yourself is how much Risk you want to take in order to save a little on interest for 5 years. Rates are pretty ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: VAT and duties payable when importing personal goods from Switzerland and the Channel Islands to the EU? ### Answer: http://www.hmrc.gov.uk/customs/tax-and-duty.htm#3 explains the Import VAT situation...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why did the Swiss National Bank fix the EUR/CHF exchange rate at CHF 1.20? ### Answer: Due to the issues in the Eurozone, many foreign investors were buying Swiss Francs as a hedge against a Euro deva...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A friend wants to use my account for a wire transfer. Is this a scam or is it legitimate? ### Answer: I know people who work in the gulf and most contracts are of the 14 days on/ 14 days (or so) off f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Incentive Stock Option (ISO) tax question - more specific this time ### Answer: Alternatively you could exercise 12000 shares for $36000 and immediately sell 7200 shares to recover your exercise price...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a Yahoo Finance ticker for NYMEX Crude Oil Front Month? ### Answer: Yahoo Finance doesn't offer this functionality; I remember looking for this exact feature a couple of years ago for coffee ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I protect myself from a scam if I want to help a relative? ### Answer: What can I do to help him out, but at the same time protect myself from any potential scams? Find out why he can't do this...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Get a loan with low interest rate on small business ### Answer: I am going to assume your location is the US. From what I am seeing it is unlikely you will get a loan other than some government backed...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock doesn't pay dividends, then why is the stock worth anything? ### Answer: I haven't seen any of the other answers address this point – shares are (a form of) ownership of a company and thus ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do some companies offer 401k retirement plans? ### Answer: Stated plainly... it's a benefit. Companies are not required to offer you any compensation above paying you minimum wage. But benefits at...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I make money in the stock market from other people losing money? ### Answer: In gambling, the house also takes a cut, so the total money in the game is shrinking by 2-10 percent. So if you gain $1...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are various types of income taxed differently in the USA? ### Answer: Long-term capital gains, which is often the main element of investment income for investors who are not high-frequency day tra...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Stock Trading legal for a student on F-1 Visa doing CPT in USA? ### Answer: There are no legal reasons preventing you from trading as a F-1 visa holder, as noted in this Money.SE answer. Per this a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is CFD a viable option for long-term trading? ### Answer: Yes it is viable but uncommon. As with everything to do with investment, you have to know what you are doing and must have a plan. I have been...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does historical price data not go back all the way on Google Finance? ### Answer: Google Finance and Yahoo Finance have been transitioning their API (data interface) over the last 3 months. They a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can one go short in Uber? ### Answer: The answer to this question is related to another question: How would I invest in Uber? Given that Uber is a privately-held company, the average investor cann...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Super-generic mutual fund type ### Answer: If you are looking for an index index fund, I know vanguard offers their Star fund which invests in 11 other funds of theirs and is diversified across stocks...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the basics of apartment rental finances? ### Answer: Well for starters you want to rent it for more than the apartment costs you. Aside from mortgage you have insurance, and maintenance cost...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why should we expect stocks to go up in the long term? ### Answer: I feel something needs to be addressed The last 100 years have been a period of economic prosperity for the US, so it's no surprise t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to approach building credit without a credit card ### Answer: One possible route is to try to have no credit. This is different than bad credit. If you build up a good downpayment (20%), a number ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much can I withdraw from Betterment and be considered long-term investment? ### Answer: This question and your other one indicate you're a bit unclear on how capital gains taxes work, so here's th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Car financed at 24.90% — what can I do? ### Answer: You could look into refinancing with a bank or credit union. But to weed out options quickly, use a service like LendingTree, which can vet multipl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First time investor and online brokerage accounts ### Answer: Littleadv has given you excellent general advice, but to my mind, the most important part of it all and the path which I will strongly rec...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shared groceries expenses between roommates to be divided as per specific consumption ratio and attendance ### Answer: I asked how often grocery purchases are made in a comment, but I'm going to assum...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to determine whether 1099-MISC income is from self-employment? ### Answer: These kinds of questions can be rather tricky. I've struggled with this sort of thing in the past when I had income from ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can I see/trade VIX but not S&P/TSX 60 VIX? ### Answer: S&P/TSX 60 VIX (CAD) is an equation and as the implied volatility of two close to the money TSX 60 options change, the output changes. This ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are my parents ripping me off with this deal that doesn't allow me to build my equity in my home? ### Answer: Ripped off may be too strong as it implies intent - I'm hopeful it's just bad logic or ter...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are currency forwards needed? ### Answer: Can't I achieve the exact same effect and outcome by exchanging currency now and put that amount of USD in a bank account to gain some interest, then make...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: GBP savings, what to do with them if leaving the U.K. in about 2 years time? ### Answer: Key point here is to remember that GBP isnt falling a lot, it has fallen a lot already. If you havent liquidat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the risks & rewards of being a self-employed independent contractor / consultant vs. being a permanent employee? ### Answer: In the current economy there is no upside to working for yourself....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm 20 and starting to build up for my mortgage downpayment, where should I put my money for optimal growth? ### Answer: The big question is whether you will be flexible about when you'll get that hou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to start with personal finance? ### Answer: My reading list for someone just getting into personal finance would include the following I know it's a bunch but I'm trying to cover a few specific ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I find information on corporate bonds (especially those rated as “junk”) ? ### Answer: Bond information is much tougher to get. Try to find access to a Bloomberg terminal. Maybe you have a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the appropriate way to signify an S-Corp? ### Answer: Subchapter S Corporations are a special type of corporation; the difference is how they are taxed, not how they relate to their vendors or ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the most effective saving money method? ### Answer: First pay yourself. When you get salary, send some parts of that (for example 10%) to your saving account. Step by step you'll save nice mo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Received a late 1099 MISC for income I reported already, do I have to amend? ### Answer: Why would the IRS be coming after you if you reported the income? If you reported everything, then the IRS will...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When you're really young and have about 2K to start investing $ for retirement, why do some people advise you to go risky? ### Answer: Why it is good to be risky The reason why it is good to be risky ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to public shareholders when a public stock goes private? ### Answer: I can see two possibilities. Either a deal is struck that someone (the company itself, or a large owner) buys out the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: About dividend percentage ### Answer: Dividend prices are per share, so the amount that you get for a dividend is determined by the number of shares that you own and the amount of the dividend per sha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need a business credit card? ### Answer: It can certainly help build a credit score, but remember that businesses gain credit differently from individuals. Depending on the country, there isn't ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does GST on PayPal payments work for Australian Taxation? ### Answer: Regardless of wether or not you are registered for GST, you are legally required to include a GST total on every invoice sent ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does the Dow Jones Industrial Average (DJIA) divisor change to account for dividends? ### Answer: Scrip dividends are similar to stock splits. With a stock split, 100 shares can turn into 200 shar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is inflation? ### Answer: Inflation refers to the money supply. Think of all money being air in a balloon. Inflation is what happens when you blow more air in the balloon. Deflation is what happe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Must ETF companies match an investor's amount invested in an ETF? ### Answer: The point here is actually about banks, or is in reference to banks. They expect you know how a savings account at a bank ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it irresponsible for me to lease a $300/month car for 18 months? ### Answer: With a gross income of $ 95,000 per year, and a net savings rate of over $ 18,000 per year, a budget of $ 3,600 per year...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages and disadvantages of leasing out a property or part of a property (such as a basement apartment)? ### Answer: Complexity has mentioned some good points. I'd also like to add on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: It is worth using a discount stock broker? I heard they might not get the best price on a trade? ### Answer: Always use limit orders never market orders. Period. Do that and you will always pay what y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't 401(k) statements be delivered electronically? ### Answer: There are a lot of unintended consequences of fairly arbitrary IRS guidelines when it comes to 401Ks, they both close and create to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Close to retirement & we may move within 7 years. Should we re-finance our mortgage, or not? ### Answer: Think of your mortgage this way - you have a $130K 16 year mortgage, at 6.75%. At 4%, the same...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to determine contractor hourly rate and employee salary equivalents? ### Answer: Take $100,000 base salary, x 1.5 = $150,000 contractor salary, divide by 1,872 hours = $80/hr ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why should I trust investment banks' ratings? ### Answer: If there's indeed no reason to trust GS, i.e. those are just guides then the question is: Why do investors seem to care? Because there's a r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Bonds vs equities: crash theory ### Answer: Diversify into leveraged short/bear ETFs and then you can quit your job and yell at your boss "F you I'm short your house!" edit: this is a quote from Greg ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the real risks in “bio-technology” companies? ### Answer: Be wary of pump and dump schemes. This scheme works like this: When you observe that "From time to time the action explodes with 100 ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is there so much variability on interest rate accounts ### Answer: Pay attention to nickel-and-dime charges (atm fees, low balance fees, limit on atm transactions per month, charge for human telle...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Employer no longer withholds, how do I self administer 401k ### Answer: You can't be doing it yourself. Only your employer can do it. If the employer doesn't provide the option - switch employers. The...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are the best way to make and save money at 22 years old ### Answer: Fantastic question to be asking at the age of 22! A very wise man suggested to me the following with regard to your net income I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why I can't view my debit card pre-authorized amounts? ### Answer: No money is stolen. They don't show you the hold for whatever reason (not so good a bank?), but the money is still yours. You just ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The life cycle of money ### Answer: Echoing JohnF, and assuming you mean the physical, rather than abstract meaning of money? The abstract concept obviously isn't replaced (unless the currency is dis...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit Card Points from Refund ### Answer: That transaction probably cost the merchant $0.50 + 3% or close to $5. They should have refunded your credit card so they could have recouped some of the fe...
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: Teach them that money can help solve most (if not all the problems) in life. If they truly appreciate the value of saving every single penny, eve...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When will the U.K. convert to the Euro as an official currency? ### Answer: In many countries in Europe the prices shot through the roof, so it is not all positive. Also the switching country gives ou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Closing a credit card with an annual fee without hurting credit score? ### Answer: The two factors that will hurt you the most is the age of the credit account, and your available credit to debt ratio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When should I walk away from my mortgage? ### Answer: Very few people's credit is worth $100,000. The average homeowner's credit (family of four with good to very good credit) is worth about $30,000. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why not pay in full upfront for a car? ### Answer: There many car loans at zero percent interest. Finance the car at zero percent, then take your money and invest it. If you want to be super safe bu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: APR for a Loan Paid Off Monthly ### Answer: If your APR is quoted as nominal rate compounded monthly, the APR is 108.6 %. Here is the calculation, (done in Mathematica ). The sum of the discounted fut...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to start investing for an immigrant? ### Answer: I am in a similar situation (sw developer, immigrant waiting for green card, no debt, healthy, not sure if I will stay here forever, only son of ag...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Visitor Shopping in the US: Would I get tax refund? Would I have to pay anything upon departure? ### Answer: The US doesn't have a Value Added Tax, which is the one usually refundable upon departing t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the purpose of endorsing a check? ### Answer: I actually had to go to the bank today and so I decided to ask. The answer I was given is that a check is a legal document (a promise to pay). In...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I account for 100 percent vendor discounts in GnuCash 2.6.5 ### Answer: The answer was provided to me at the Gnucash chat by "warlord". The procedure is as follows: After doing this you will ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I find out what factors are making a stock's price rise? ### Answer: At any moment, the price is where the supply (seller) and demand (buyer) intersect. This occurs fast enough you don't see i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there capital gains taxes or dividend taxes if I invest in the U.S. stock market from outside of the country? ### Answer: I believe that tax will be withheld (at 30%?) on dividends paid to non-res...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Rules for Broker Behavior with Covered Calls ### Answer: Number 2 cannot occur. You can buy the call back and sell the stock, but the broker won't force that #2 choice. To trade options, you must have...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment options in Australia ### Answer: It depends on the exact level of risk that you want, but if you want to keep your risk close to zero you're pretty much stuck with the banks (and those rate...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Effect of Job Change on In-Progress Mortgage Application ### Answer: I just closed on a refi last week Thursday. The app went to the lender mid to late May. The lender called my employer for an employ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay my Education Loan or Put it in the Stock Market? ### Answer: 2.47% is a really, really good rate, doubly so if it's a fixed rate, and quadruply so if the interest is tax-deductible. That'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Small investing for spending money? ### Answer: Congrats on saving the money but unfortunately, you're looking for a 24% annual rate of return and that's not "reasonable" to expect. $200 per month, i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay cash or prefer a 0% interest loan for home furnishings? ### Answer: If a shop offers 0% interest for purchase, someone is paying for it. e.g., If you buy a $X item at 0% interest for 12 m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the stock market closed on the weekend? ### Answer: Simply, most of the above given 'answers' are mere 'justifications' for a practice that has become anachronistic. It did make sense once in t...