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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to buy stock on the Toronto Stock Exchange? ### Answer: You probably bought the cross listed WestJet stock. If you wanted to buy shares on the TSE, I'd suspect you'd have to find a way to open a ...
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: Adding to the very good advises above - Concentrate on costs related to investment activity. Note all expenses a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I factor dividends and yield into the performance of a security? ### Answer: Instead of a price chart can use a performance chart, which is usually expressed as a percentage increase from the o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Opening and funding an IRA in three days - is this feasible? ### Answer: Some banks and credit unions have IRA accounts. They pay interest like a savings account or a CD but they are an IRA. After the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Recovering over-contribution to Social Security between two employers? ### Answer: This is a common occurrence when somebody has multiple jobs in one year. The employer can't know if you have reached ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Walking away from an FHA loan ### Answer: One additional penalty is you will be put on the CAIVRS ("cavers") for your default on the FHA mortgage which will preclude you from FHA financing in the futu...
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: If a deal is struck, you're part of that deal because you own shares. If someone offers $10/share for the entire comp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Understanding the T + 3 settlement days rule ### Answer: The key word you forgot to include from Slide 29 is: Free-Riding Investopedia defines free-riding as: In the context of a brokerage firm, a fre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit balance on new credit card ### Answer: A Credit Balance means that you overpayed. That's nothing to worry about; it will just be used up by your next charges. Note that this can have two reason...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Passing money through a different account to avoid cash pay-in fees ### Answer: Let me do the math. .6% * (not large) = really tiny. Since "not large" = "small" , etc. I suggest that even a small cha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What Did Benjamin Graham Mean by Earnings Stability in The Intelligent Investor? ### Answer: Yes - this is exactly what it means. No losses (negative earnings). With today's accounting methods, you...
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: As the other answers stated: Yes PayPal will transfer money from your bankaccount automatically if your...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I default on my private student loans if I was an international student? ### Answer: What are the consequences if I ignore the emails? If you ignore the emails they will try harder to collect the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why invest for the long-term rather than buy and sell for quick, big gains? ### Answer: There are people (well, companies) who make money doing roughly what you describe, but not exactly. They're call...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is inflation a good or bad thing? Why do governments want some inflation? ### Answer: Sensitive topic ;) Inflation is a consequence of the mismatch between supply and demand. In an ideal world the am...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Responsible investing - just a marketing trick? ### Answer: You are correct that, barring an equity capital raise, your money doesn't actually end up in the company. However, interest in their stock c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing in income stocks for dividends - worth it? ### Answer: is it worth it? You state the average yield on a stock as 2-3%, but seem to have come up with this by looking at the yield of an S&P500...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Opportunity to buy Illinois bonds that can never default? ### Answer: If you give money to a person or entity, and they don't have the ability to pay you back, it doesn't matter if they are legally re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a shareholder be liable in case of bankruptcy of one of the companies he invested in? ### Answer: Not normally, for a limited liability company anyway. In extreme circumstances a court may "lift t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can after-hours trading affect options pricing? ### Answer: There is a white paper on "The weekend effect of equity options" it is a good paper and shows that (for the most part) option values do lose...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Assessing risk, and Identifying scams in Alternative Investments ### Answer: 10 to 20% return on investment annually. "When I hear that an investment has a 10%+ return on it I avoid it because...". In...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a multi-family home to rent part and live in the rest ### Answer: A professional home inspection will clue you in on any problems you might be buying, so it's important in any real estate trans...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ghana scam and direct deposit scam? ### Answer: It's a scam. Here's someone who paid "Josie" 2000 pounds and lost it all Here's a Google search result list of how this softcore porn actor, Josie Ann M...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Understanding stock market terminology ### Answer: One of the most useful ways to depict Open, High, Low, Close, and Volume is with a Candlestick Chart. I like to use the following options from Stockc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Table of how many years it takes to make a specified return on the stock market? ### Answer: Well depends but "on average" the stock market has historically returned somewhere around 10% per year. No...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What could cause a stock to trade below book value? ### Answer: The key to evaluating book value is return on equity (ROE). That's net profit divided by book value. The "value" of book value is measu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a call spread and how does it work? ### Answer: A bullish (or 'long') call spread is actually two separate option trades. The A/B notation is, respectively, the strike price of each trade. Th...
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: They're not negotiating trade rates for you, you set the trade rates in your order. What th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Self-employed individual 401k self, match, and profit sharing contribution limits? ### Answer: It seems I can make contributions as employee-elective, employer match, or profit sharing; yet they all...
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: Nobody is going to buy a stock without returns. However, returns are dividends + capital gains. So long as there is enough of the latter it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Price graphs: why not percent change? ### Answer: Actually, total return is the most important which isn't necessarily just price change as this doesn't account for dividends that may be re-invested. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Questrade - What happens if I buy U.S. stock with Canadian money? ### Answer: I don't believe from reading the responses above that Questrade is doing anything 'original' or 'different' much less 'bad...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Lease vs buy car with cash? ### Answer: A lease is a rental plain and simple. You borrow money to finance the expected depreciation over the course of the lease term. This arrangement will almost al...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens if one brings more than 10,000 USD with them into the US? ### Answer: Once you declare the amount, the CBP officials will ask you the source and purpose of funds. You must be able to demo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When the Reserve Bank determines the interest rates, do they take the house prices into account? ### Answer: The Central Banks sets various rate for lending to Banks and Paying interest to Banks on ex...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Events that cause major movement in forex? ### Answer: currency's central bank or treasury/finance department speeches that can announce a significant change in policy. That includes: Particularly wh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Insurance company sent me huge check instead of pharmacy. Now what? ### Answer: You mentioned depositing the check and then sending a personal check. Be sure to account for time, since any deposit ove...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In what category would I put a loan I took to pay an expense ### Answer: A loan is most generally a liability, a part of the balance sheet. Expenses & income are part of the income statement. Income...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to explain quick price changes early in the morning ### Answer: You may simply be asking why stocks 'gap up' or 'gap down' when the stock market opens. This is because the price adjusts to news th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much (paper) cash should I keep on hand for an emergency? ### Answer: No cash is necessary for most people. In the modern day in the US there is no need to keep paper currency around for emergenc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a good rule of thumb for how much I should have set aside as emergency cash? ### Answer: First you should maintain a monthly expense and find out the burn rate. There would be certain expense...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using stop-loss as risk management: Is it safe? ### Answer: A stop-loss does not guarantee a sale at the given price; it just automatically triggers an unlimited sale as soon as the market reaches the...
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: The periodic rate (here, the interest charged per month), as you would enter into a finance calculator is 9.05%. Multiply by 12 to get 108.6% or calculate A...
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: As someone who was just recently a salesman at Honda, I'd recommend buying a Honda instead :). If...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As a total beginner, how do I begin to understand finance & stocks? ### Answer: Your understanding of the stock market is absolutely correct theoretically. However there is a lot more to it. A stock o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it sensible to redirect retirement contributions from 401(k) towards becoming a landlord? ### Answer: Here are the issues, as I see them - It's not that I don't trust banks, but I just feel like th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a candlestick pattern that guarantees any kind of future profit? ### Answer: John Person has a pattern called the High Close Doji that is probably the most reliable signal in the world of can...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Clear example of credit card balance 55 days interest-free “trick”? ### Answer: Well, I answered a very similar question "Credit card payment date" where I showed that for a normal cycle, the average ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What resources can I use to try and find out the name of the manager for a given fund? ### Answer: The fund prospectus is a good place to start. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would you elect to apply a refund to next year's tax bill? ### Answer: If you expect your taxes to be higher next year, it saves you the trouble of sending estimates or changing the withholding le...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a bank take a lower all cash offer versus a higher offer via conventional lending? ### Answer: @OP: It's all about risk. With a cash buyer the decision is left up to one person. With a fi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a formula for calculating equity accumulated while repaying car loan? ### Answer: By the sounds of things, you're not asking for a single formula but how to do the analysis... And for the reco...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: F-1 Visa expired - Unable to repay private student loan. What to do? ### Answer: As an international student, the tuition is sky high. Typically, most students take loans for Education and start payin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have a million dollars of disposable income. What should I do to best benefit the economy? ### Answer: At first, I thought this might be too broad. There are of course thousands of things that you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a home - brokerage fee ### Answer: That sounds like a particularly egregious version of exclusivity. However, the way that you could handle that is to include a "contingency" in your purchase a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a company with a bad balance sheet be paying dividends? ### Answer: While Ford and the other auto makers have a bad few years, some companies want to have a cash dividend. It appeals to cert...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I cosigned for a friend who is not paying the payment ### Answer: If the bank is calling your employer, the federal Fair Debt Collection Practices Act (FDCPA) limits where and when debt collectors can...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I see the detailed historical data for a specified stock? ### Answer: Yahoo Finance's Historical Prices section allows you to look up daily historical quotes for any given stock symbol, you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there strategy to qualify stock options with near expiry date for long term capital gain tax? ### Answer: According to page 56 of the 2015 IRS Publication 550 on Investment Income and Expenses: Was...
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: As all said, the age limitation thing is nothing, and saving money not necessarily means to live poor nor Skimpy, spend your needs and try ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My mother's name is on my car title, how can I protect my ownership of the car in the event of her death? ### Answer: It's her car. Unlike what Ross said in the comments she can't sign it over to you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm halfway through a 5-year purchase financing deal on my car. It's expensive. Can I sell it and get a cheaper car? ### Answer: You say "it's expensive". I'm going to interpret this as "the monthly ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some examples of unsecured loans ### Answer: Unsecured loan is any loan that you don't provide an asset as a collateral for. Auto loans are usually secured - by the auto. If you don't pay off...
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: I'll start by saying that if this is being explored to scratch a specific itch you have then great, if this was ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: InteractiveBrokers: How to calculate overnight commissions for CFD? ### Answer: I have found a good explanation here: http://www.contracts-for-difference.com/Financing-charge.html Financing is calcula...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is tax loss harvesting helpful for passive investing? ### Answer: Your assertion that you will not be selling anything is at odds with the idea that you will be doing tax loss harvesting. Tax los...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What do these options trading terms mean? ### Answer: With stocks, you can buy or sell. If you sell first, that's called 'shorting.' As in "I think linkedin is too high, I'm going to short it." With o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a shareholder be liable in case of bankruptcy of one of the companies he invested in? ### Answer: The answer depends on whether the company involved has 'limited liability'. Most, but not all publ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much does it cost to build a subdivision of houses on a large plot of land? ### Answer: A bank may not like loaning money to you for this. That is one snag. You listed 500,000-600,000$ for a monst...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I Use an Investment Professional? ### Answer: Ask yourself the same question for furniture making. Would you feel more comfortable sitting in a chair that you made yourself versus one that you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Supply & Demand - How Price Changes, Buy Orders vs Sell Orders [duplicate] ### Answer: Yes for every order there is a buyer and seller. But overall there are multiple buyers and multiple sellers. So e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Opportunity to buy Illinois bonds that can never default? ### Answer: If Illinois cannot go bankruptcy This is missing a few, very important words, "...under current law." The United States changed ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do brokerage firms make money? ### Answer: Regarding "Interest on idle cash", brokerage firms must maintain a segregated account on the brokerage firm's books to make sure that the client's money...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What investments work for these goals? ### Answer: Assuming this will be a taxable account (since you want to pull income off of it, although this will lower wealth growth), you could open a brokerage...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Long(100%)-Short(-100%) investment explanation ### Answer: If you mean the percentages of long/short positions within a mutual fund or ETF, then it's a percentage of the total value of the fund portfo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I have to pay the internet installation charges for my home's company internet? ### Answer: Of course you don't have to pay them - you just might not like the result. As a matter of law - given tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much of each stock do index funds hold? ### Answer: Yes, it depends on the fund it's trying to mirror. The ETF for the S&P that's best known (in my opinion) is SPY and you see the breakdown of it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options liquidity and trading positions larger than the daily volume? ### Answer: You definitely cannot be guaranteed to get the bid or ask if you are selling more than are available/desired at those ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What US taxes are due for US stock bought via ESPP when I was in USA and sold after I returned to India? ### Answer: From an Indian Tax point of view, you can bring back all the assets acquired during...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much financial information should a buyer give an estate agent? ### Answer: My guess is they are fishing for business for their in-house finance person. In the UK, all the estate agency chains (an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens if a company I have stock in is bought out? ### Answer: I've seen many buyouts in my own portfolio, including the company I worked for. There have been several different scenarios: The t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are Index Funds really as good as “experts” claim? ### Answer: Simply put, you cannot deterministically beat the market. If by being informed and following all relevant news, you can arrive at the con...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wage earners of age ≥ 60 with dependents: What Life Insurance, if any, should they buy? ### Answer: The problem above is actually a pretty good list of the concerns around life insurance. While there...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the IRS reprieve those who have to commute for work? ### Answer: No. Regular W2 employees cannot deduct housing or transportation costs related to their employment. However, in the US, many em...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Iraqi Dinars. Bad Investment, or Worst Investment? ### Answer: Iraq is a US vassal/puppet state. I'm not sure what 500 South Vietnamese Dong were worth in 1972, but today the paper currency is worth $...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What evidence exists for claiming that you cannot beat the market? ### Answer: Will the investor beat the benchmark for a given period will follow a Bernoulli distribution -- each period is a coin tos...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to have a small capital investment in US if I am out of the country? ### Answer: For $100 you better just hold it in Mexico. The cost of opening an account could eat 10% or more of your capital e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Explanations on credit cards in Canada ### Answer: I think it's worth pointing out explicitly that the biggest difference between a credit card (US/Canada) and a debit card (like your French carte de ...
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: I would try to avoid mixing business expenditure with personal expenditure so a second credit card might be a good idea. That said, I did get a business c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a falling dollar mean doom for real estate? ### Answer: A falling $AUD would be beneficial to exporters, and thus overall good for the economy. If the economy improves and exporters start growing...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is gold really an investment or just a hedge against inflation? ### Answer: Over on Quantitative Finance Stack Exchange, I asked and answered a more technical and broader version of this question, Sho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do credit card banks detect fraudulent transactions without requiring a travel advisory? ### Answer: One bank is more willing to risk losses and customer hassle in exchange for lower processing co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a tax exemption for an action = penalty for inaction? ### Answer: What it means is that you can always come up with alternative framings where the difference between two options is stated as ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can publicly traded profits go but to shareholders via dividends? ### Answer: Apart from investing in their own infrastructure, profits can be spent purchasing other companies, (Mergers and Acqu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Rental Application Fees ### Answer: Slightly abbreviated version of the guidance from NOLO.com California state law limits credit check or application screening fees landlords can charge prospective ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Did my salesman damage my credit? What can I do? ### Answer: At one point in my life I sold cars and from what I saw, three things stick out. Unless the other dealership was in the same network, eg A...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stocks: do Good Till Cancelled orders get executed during after hours? ### Answer: You typically need to specify that you want the GTC order to be working during the Extended hours session. I trade on...
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: Bren's comment is right on the mark. The typical solution is to divide all bills...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Found an old un-cashed paycheck. How long is it good for? What to do if it's expired? ### Answer: The two banks involved may have different policies about honoring the check. It might not be written o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to share income after marriage and kids? ### Answer: Now I have been trying to figure out how to split the money that we both earn. From what I can see there are several concepts but none of them ...