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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ballpark salary equivalent today of “healthcare benefits” in the US? ### Answer: As others have said, it depends entirely on what benefits are provided, and how much of the cost of those benefits is p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Moving Coin Collection to Stapled Coin Pockets ### Answer: I would be wary of having coins in containers with cardboard. Ideally you want the coins to be in an airtight envelope made of plastic to min...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages of a Swiss bank account? ### Answer: Here are some reasons why it is advantageous to hold a portion of your savings in other countries: However, it should be noted that there a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does Charles Schwab have a Mandatory Settlement Period after selling stocks? ### Answer: It's important to understand that, in general, security transactions involve you and a relatively unknown e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Bank will not accept loose change. Is this legal? ### Answer: The bank certainly doesn't have to take it for a deposit; that's not a debt. There have been several cases where disgruntled debtors have...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advice on money transfer business ### Answer: As soon as I see the word "friends" along with money transfer I think scam. But ignoring that red flag.... You will have American companies reporting to t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When the market crashes, should I sell bonds and buy equities for the inevitable recovery? ### Answer: When the market moves significantly, you should rebalance your investments to maintain the divers...
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: The technical term for it is "timing the market" and if you can pull it off correctly, you will do quite well. T...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why diversify stocks/investments? ### Answer: Diversifying is the first advice given to beginner in order to avoid big loss. For example in 2014 the company Theranos was really appealing before it fai...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How an ETF pays dividend to shareholders if a holding company issues dividend ### Answer: The amount, reliability and frequency of dividends paid by an ETF other than a stock, such as an index or mutu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it wise to invest small amounts of money short-term? ### Answer: This is slightly opinion based. Is it appropriate to invest small amounts for short periods of time? At your age and the time perio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I donate depreciated stock to charity, can I deduct both the market value and the capital loss? ### Answer: No, it doesn't work like this. Your charitable contribution is limited to the FMV. In you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does a stock price drop as soon an I purchase several thousand shares at market price? ### Answer: Any time a large order it placed for Buy, the sell side starts increasing as the demand of Buy ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should market based health insurance premiums be factored into 6 months emergency fund savings? ### Answer: The guideline for the size of an emergency fund is just a guideline. I've usually heard it ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Online tutorials for calculating DCF (Discounted Cash Flow)? ### Answer: Here's a link to an online calculator employing the Discounted Cash Flow method: Discounted Cash Flows Calculator. Descriptio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Investments by Bodie just an expanded version of Essentials of Investments? ### Answer: Reading the descriptions on Amazon.com it appears Investments is a graduate text and Elements of Investments ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can't the account information on my checks be easily used for fraud? ### Answer: Yes, those numbers are all that is needed to withdraw funds, or at least set online payment of bills which you don't ow...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a brokerage firm work? ### Answer: The brokerage executes the transactions you tell them to make on your behalf. Other than acting as your agent for those, and maintaining your account, and c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is buying a lottery ticket considered an investment? ### Answer: I am reminded of a dozen year old dialog. I asked my 6 year old, "If we call a tail a leg, how many legs does a dog have?" She replied,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Cash out 401k for house downpayment ### Answer: Absolutely never.Even in a hot market, it's like picking up dimes in front of a bulldozer. It's just plain stupid. If you can't afford a 20% down payme...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay off car loan entirely or leave $1 until the end of the loan period? ### Answer: Among the other fine answers, you might also consider that owning a vehicle outright will free you from the requirem...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I even need credit cards? ### Answer: Eventually you are going to need some sort of real credit history. It is possible that you will be able to evade this if you never buy a house, or if you pay ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will I always be able to get a zero-interest credit card? ### Answer: No. There is no guarantee that credit card issuing banks will always use 0% introductory rates to entice anyone. ###end
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: Good luck! ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using stable short-term, tax-free municipal bond funds to beat the bank? ### Answer: Banks' savings interest is ridiculous, has always been, compared to other investment options. But there's a reason ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it accurate to say that if I was to trade something, my probability of success can't be worse than random? ### Answer: It seems to be that your main point is this: No matter what, my chances cannot...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I find a list of self-select stocks & shares ISA providers? ### Answer: Try fool.co.uk for getting more information about ISAs: Everything You Need To Know About ISAs ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I find a high-risk, high-reward investment that is not strongly correlated with the U.S. economy? ### Answer: These days almost all risky assets move together, so the most difficult criterion ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I have a home loan preapproval letter for x, can the seller know this without me explicitely telling them? ### Answer: I will preface saying that I only have personal experience to go on (purchased...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sales Tax: Rounded Then Totaled or Totaled Then Rounded? ### Answer: Tax is often calculated per item. Especially in the days of the internet, some items are taxable and some aren't, depending on the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would someone want to sell call options? ### Answer: I have an example of a trade I made some time ago. By entering the position as a covered call, I was out of pocket $5.10, and if the stock tra...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What risks are there acting as a broker between PayPal and electronic bank transfers? ### Answer: This is definitely a scam. I had a friend sign up for a very similar offer and what they did was send ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does it make sense to refinance a 30 year mortgage to 15 years? ### Answer: There's several different trade-offs wrapped up in your question. In general, refinancing a mortgage to a lower interest rat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Could the loan officer deny me even if I have the money as a first time home buyer? ### Answer: There are loan options for those in your situation. It is very common. I am a licensed loan officer nm...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you beat the market by investing in double long ETFs? [duplicate] ### Answer: NO. All the leveraged ETFs are designed to multiply the performance of the underlying asset FOR THAT DAY, read the pro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Taxes for citizen of EU country #1 living in EU country #2 and working from home for non-EU country #3? ### Answer: You will almost certainly be paying taxes in Czech Republic, short of being American...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I exclude bonds from our retirement investment portfolio if our time horizon is still long enough? ### Answer: This is always a judgement call based on your own tolerance for risk. Yes, you ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is investing in housing considered an adequate hedge against inflation? ### Answer: Even if the price of your home did match inflation or better — and that's a question I'll let the other answers addr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Deposit a cheque in an alternative name into a personal bank account (Australia) ### Answer: You don't have much choice other than to open an account in your business name, then do a money transfer, a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are cashiers required to check a credit card for a signature in the U.S.? ### Answer: I'm not sure if they're required to do so, but I have been neglecting to sign my cards for some time now. If they...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options strategy - When stocks go opposite of your purchase? ### Answer: If you buy a call, that's because you expect that the stock will go up. If it does not go up, then forget about buying more cal...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are investment funding valued when invested in a company before it goes public? ### Answer: This is a question of how does someone value a business. Typically, it is some function of how much th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should market based health insurance premiums be factored into 6 months emergency fund savings? ### Answer: Yes, it should be. As, where one has insurance, its an expense one would expect one to conti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are prices in EUR for consumer items often the same number as original USD price, but the GBP price applies the actual exchange rate? ### Answer: It's mostly VAT (value added tax or sales tax). Fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't you just have someone invest for you and split the profits (and losses) with him? ### Answer: At this point the cost of borrowing money is very low. For the sake of argument, say it is 1% p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax exemption on personal loan interest component in India ### Answer: Am I eligible for the tax exemption if yes then under which section. Generally Personal loans are not eligible for tax exemption...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will a credit card issuer cancel an account if it never incurs interest? ### Answer: Speaking from personal experience: I have had a credit card canceled for exactly this reason. It's happened to me t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: static data for mutual funds/hedge funds ### Answer: It's not really my field, but I believe it's all the information that doesn't change (i.e. isn't "real-time") about the business of hedge funds. F...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I save on closing costs when buying a home? ### Answer: Do I need to pay for an inspection, or am I likely to save enough money from skipping it to cover potential problems that they would hav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to invest in a specific market without investing in a specific company? ### Answer: You need to hope that a fund exists targeting the particular market segment you are interested in. For example, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When is an IPO considered failure? ### Answer: Just skimming through the Wikipedia article on airberlin, I notice there is more to the story than simply "airberlin's IPO failed, so they postponed it a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does this sound like a great idea regarding being a landlord and starting a real estate empire? ### Answer: I have done something similar to this myself. What you are suggesting is a sound theory and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens if a Financial Services Company/Stockbroker goes into administration in the UK? ### Answer: Although I posted this question more than a year ago, I subsequently read information which may...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I had “deposited” money with Pritchard so can I expect £85,000 compensation from FSCS? ### Answer: No. Pritchard was not a deposit-taker so the money held does not qualify under regulatory rules as a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens if my losses are over the FSCS maximum of £50,000 and I accept the FSCS’s compensation? ### Answer: If you choose to accept compensation from FSCS, you will be required to assign (or lega...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any statistics that support the need for Title Insurance? ### Answer: I'm really surprised at the answers here. Claims/year per region isn't a statistic that is meaningful here... you need t...
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: This is a tough question, because it is something very specific to your situation and finances. I personally sta...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: UK university student finance - should I use my sponsorship money to pay the debt? ### Answer: Let me run some simplistic numbers, ignoring inflation. You have the opportunity to borrow up to 51K. Wha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I stop a merchant from charging a credit card processing fee? ### Answer: It may seem very simple on its face but you don't know the merchant's agreement. You don't know who is providing the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is paying off your mortage a #1 personal finance priority? ### Answer: Math says invest in the Market (But paying off your mortgage early is a valid option if you are very risk averse.) You are going ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is unrealized gain part of asset? ### Answer: Stocks, as an asset, represent the sum of the current market value of all of your holdings. If your portfolio is showing unrealized gains and losses, then...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How good is Wall Street Survivor for learning about investing? ### Answer: I find this site to be really poor for the virtual play portion, especially the options league. After you place a trade, you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sell or keep rental Property? ### Answer: How is the current mortgage payment broken out? I have a mortgage on a rental property with a payment of $775, but $600 is principal. If I were at breakeven o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Deductions greater than Income : Traditional IRA to Roth Conversion? ### Answer: Answering for just the US part, yes, you should be able to do this and it's a good strategy. The only additional gotcha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there extra risk in owning an ADR vs. the underlying stock? ### Answer: Yes, the ADR will trade on a separate exchange from the underlying one, and can (and does) see fluctuations in price that do ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What choices should I consider for investing money that I will need in two years? ### Answer: If you ever need the money in three years, imagine that today is 2006 and you need the money in 2009. Kee...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Portfolio Diversity : invest $4000 into one account or $1000 into 4 accounts? ### Answer: You spread money/investment across different accounts for different reasons: All this is in addition to divers...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can LLC legally lend money to a friend? ### Answer: One thing I would add to TTT's answer: One of the benefits of using an LLC for your business is right there in the name - "limited liability". It pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ask FBI permission to withdraw large sums from your checking or savings? ### Answer: Is it true you have to file papers with the government in the US to withdraw large sums of cash at your local ban...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I buy preferred stocks as opposed to common stocks? ### Answer: Preferred stock is traded on the market, so you can just buy it like any other. The symbol for a preferred stock is the ticker...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can dividends be exploited? ### Answer: Yes, somebody could buy the shares, receive the dividend, and then sell the shares back. However, the price he would get when he sells the shares back is, ignor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a negotiable security and how are they related to derivatives? ### Answer: The price for securities is negotiable. You totally have a right to make a lower offer when buying or ask for a high...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will prices really be different for cash and cards? ### Answer: I think the question relates to the discussion here: http://clarkhoward.com/liveweb/shownotes/2010/10/05/19449/ It was always the case t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Multiple hard inquiry for a single loan from car dealer? ### Answer: (I'm a bit surprised that nobody talked about the impact of multiple inquiries on a loan, since OP is concerned with credit buildin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will progressively investing with moderate-to-high risk help secure a future? ### Answer: There are a few flaws in your reasoning: I know my portfolio will always keep going up, No, it won't. You'll ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are startup shares worth more than the total investment funding? ### Answer: He is worth $17.5 billion today Note that he is worth that dollar figure, but he doesn't have that many dollars. That's...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will my wife's business losses offset my income on a joint tax return? ### Answer: First, filing status. If you and your wife are legally married, you should be filing your tax returns as married, eit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to buy a computer on my credit card, or on credit from the computer store? ### Answer: Since you have a credit card, I recommend you use it for the purchase. It gets you two things at the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is today's price of 15 000 Euro given 15 years ago? ### Answer: There's often a legal basis to answer this question. For instance, Austria (guessing from your profile) currently uses a 4% Statuto...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does shorting ETFs work? What are the costs and tax implications? ### Answer: No, the expense ratio would be something you wouldn't be charged. If you bought shares of the ETF long, then the divid...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: ADR listed in PINK ### Answer: Pink Sheets is not a stock exchange per se, and securities traded through it are not as "safe" as the ones on a stock exchange regulated by SEC. Many companies are trade...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a single-member LLC have a fiscal year not as the calendar year? ### Answer: I'm no tax expert by any means. I do know that a disreagarded entity is considered a sole proprietor for federal tax pu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the PEG ratio? How is the PEG ratio calculated? How is the PEG ratio useful for stock investing? ### Answer: PEG is Price to Earnings Growth. I've forgotten how it's calculated, I just rememb...
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: The fact that you are planning to sell the property does not make paying down the mortgage a bad idea. Reducing the principal ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to decide on split between large/mid/small cap on 401(k) and how often rebalance ### Answer: There many asset allocation strategies to chose from that beat lifestyle funds. For example: Relative S...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The best credit card for people who pay their balance off every month ### Answer: I'm not going to recommend a specific card. New card offers pop up all the time. My answer would be out of date in a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to pay Income Tax if i am running a escrow service in India ### Answer: This may be closed as not quite PF, but really "startup" as it's a business question. In general, you should talk to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are bond ETF capital gains taxed similar to stock or stock funds if held for more than 1 year? ### Answer: Appreciation of a Capital Asset is a Capital Gain. In the United States, Capital Gains get ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Medical Bill Consolidation ### Answer: There are definitely ways to retroactively consolidate medical bills -- there's an entire industry of companies offering debt consolidation (many of which are sc...
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: A lot of it boils down to these key points: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Algorithmic trading in linux using python ### Answer: You can have a look at betabrokers. It's an simulated stock trading platform which is entirely email-based. You start with 10 000$ and you make tr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Primerica: All it claims to be? ### Answer: I was a Primerica representative, left to be on my own, and then returned. Insurance is one matter that depends on the individual. Some do not need it. For...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are COBRA premiums deductible when self-employed? ### Answer: I am very late to this forum and post - but will just respond that I am a sole proprietor, who was just audited by the IRS for 2009, and t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who can truly afford luxury cars? ### Answer: How can people afford luxury cars? The same way they can afford anything: by finding it cheaply, saving for it, or adjusting their priorities. Company car...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the correct way to report a tender offer fee on my taxes? ### Answer: Using a different cost basis than your broker's reporting is NOT a problem. You need to keep your own records to account f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When is Cash Value Life Insurance a good or bad idea? ### Answer: Buy term and invest the difference is certainly the standard recommendation, and for good reason. When you start looking at some sampl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do governments borrow money instead of printing it? ### Answer: If the government prints money recklessly and causes inflation, people will come to expect inflation, and the value of the currency ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the point of Ford loosening financing requirements? ### Answer: The article states their reasons pretty clearly, and indicates that some people won't qualify under the new requirements that wou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Returning to the UK after working in Switzerland, What to do with my Swiss Francs? ### Answer: A general principle in finance is that you shouldn't stick with an investment or situation just because i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Gap in domestic Health Insurance coverage, expect higher premiums? ### Answer: I bought Health Insurance for myself after a period without it, and my premiums were not terrible. I was a 27 year old ma...