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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debt collector has wrong person and is contacting my employer ### Answer: I can ONLY WISH this would happen to me. Get every scrap of information that you can. DOCUMENT DOCUMENT DOCUMENT..and then ge...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to an ETF if one of the companies in the ETF gets aquired? ### Answer: There are a number of ways this can result. In a broad ETF, such as SPY, the S&P 500 spider, the S&P index will have...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the financial advantages of living in Switzerland? ### Answer: Some of the advantages of Switzerland: Not everything is about money. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to find a good third-party, 401k management/advice service? ### Answer: The vanilla advice is investing your age in bonds and the rest in stocks (index funds, of course). So if you're 25, have 75%...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does dollar cost averaging really work? ### Answer: If you define dollar cost cost averaging as investing a specific dollar amount over a certain fixed time frame then it does not work statistically b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to check the paypal's current exchange rate? ### Answer: The Paypal 'classic' site option has now been removed and you will not know what you will be charged UNTIL YOU COMMIT TO BUY. Paypal told ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using pivot points to trade in the short term ### Answer: Pivots Points are significant levels technical analysts can use to determine directional movement, support and resistance. Pivot Points use th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any credit cards with a statement period longer than 1 month? ### Answer: Most credit cards will allow you to pick the closing date. In fact almost every bill with the exception of utilities...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Putting borrowed money into an SIPP ### Answer: You're creating more liabilities for yourself in the future, although yes this could definitely be a profitable move for you. However, some small mistak...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Double-entry bookkeeping: How to account for non-monetary taxable benefits received from employer? ### Answer: I can say that I got X dollars from an account like "Income:Benefits"... but where do I c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to account for startup costs for an LLC from personal money? ### Answer: You don't even need to formally loan the LLC any money. You pay for the setup costs out of pocket, and then once the LLC is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between “good debt” vs. “bad debt”? ### Answer: Here's what Suze Orman has to say about it: Good debt is money you borrow to purchase an asset, such as a home you can afford. Hi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does Degiro charge per order or per transaction? ### Answer: An order is not a transaction. It is a request to make a transaction. If the transaction never occurs (e.g. because you cancel the order)...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I determine if my rate of return is “good” for the market I am in? ### Answer: A good way to measure the performance of your investments is over the long term. 25-30% returns are easy to get! ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Non US-resident, need to file 83b election TODAY with the IRS - I have an SSN but it says “valid for work only with DHS auth” - is this OK? ### Answer: Google that "valid for work..." phrase. You'll f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm self-employed with my own LLC. How should I pay myself, given my situation? ### Answer: You're conflating LLC with Corporation. They're different animals. LLC does not have "S" or "C" designations...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment property refinance following a low appraisal? ### Answer: If I was you I would not borrow from my 401K and shred the credit card offer. Both are very risky ventures, and you are already in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I participate in trading Facebook shares on their IPO day from any brokerage? ### Answer: Yes. The real question is whether you should. You should consider your investment options, and take into t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a company block a specific person from buying its stock? ### Answer: In the UK, this is the very definition of a Public Limited Company. A Limited Company can restrict how its stock is trades a...
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: In a word: budgeting. In order to have money left over at the end of the month, you need to be intentional about how you spend it. That is a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Finance, Social Capital IPOA.U ### Answer: (See also the question How many stocks I can exercise per stock warrant? and my comments there). Clearly, at the prices you quote, it does not seem sensible ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When paying estimated quarterly taxes, can I prorate the amount based on the irregular payment due dates? ### Answer: Varying the amount to reflect income during the quarter is entirely legitimate -- ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Fractional Reserve Banking and Insolvency ### Answer: Your question points out how most fractional reserve banks are only a couple of defaults away from insolvency. The problem arises because of the t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is 401k as good as it sounds given the way it is taxed? ### Answer: There are 3 options (option 2 may not be available to you) When you invest 18,000 in a Traditional 401k, you don't pay taxes on the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I know when I am financially stable/ready to move out on my own? ### Answer: One major concern with moving out on your own is can you afford rent each month, be it an apartment or a house payme...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Fees aside, what factors could account for performance differences between U.S. large-cap index ETFs? ### Answer: The "ideal world" index fund of any asset class is a perfect percentage holding of all...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do amortization schedules work and when are they used? ### Answer: Simply put, for a mortgage, interest is charged only on the balance as well. Think of it this way - on a $100K 6% loan, on day on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mortgage or not? ### Answer: In addition to the other answers, I think you would also need to account for the increased utility and maintenance costs on the more expensive house. Typically it is recom...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any reason to keep IRAs separate? ### Answer: Can't see why would you need to track the sources of the original funds. Can't think of a reason not to consolidate, if at all it will only make the manag...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Term loan overpayment options: applied to principal, or…? ### Answer: It may have been the standard practice for a long time, and indeed it still is the common practice for my credit union to apply al...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Cash flow implications of converting primary mortgaged residence to rental ### Answer: The rental income is indeed taxable income, but you reduce the taxable portion of it by deducting expenses (inclu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should my brother and I structure our real estate purchase? ### Answer: We’re buying the home right over $200,000 so that means he will only need to put down (as a ‘gift’) roughly $7000. I'm with ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Looking for suggestions for relatively safe instruments if another crash were to happen ### Answer: One approach is to invest in "allocation" mutual funds that use various methods to vary their asset ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What mix of credit lines and loans is optimal for my credit score? ### Answer: Please do not conflate number of credit cards with amount of debt. Consider two scenarios, The latter scenario yields muc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a CEO short his own company? ### Answer: (yes, this should probably be a comment, not an answer ... but it's a bit long). I don't know what the laws are specifically about this, but my grandfather...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Lost credit card replaced with new card and new numbers. Credit score affected? ### Answer: The true answer is it depends because it is up to the credit card issuer to follow the right path when issu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I be aware of as a young investor? ### Answer: Just don't buy any kind of paper and you will be fine :-) And don't forget most of these 'blue-chip companies' sell marketing garbage which h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does this statement regarding put options mean? ### Answer: The trader has purchased 1095 options, each of which is a contract which entitles him to sell 100 shares of Cisco stock for $16 a share...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay down on second mortage when underwater? ### Answer: There are programs out there which will let you refinance even when underwater, under the Government's HARP program. You are overpaying by nearl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to start with personal finance? ### Answer: The Money Girl (Quick and Dirty Tips for a richer life) Podcast is a pretty good source for this type of information. Some Recent Topics: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can my rent to own equity be used as a downpayment? ### Answer: The home owner will knock 20% off the price of the house. If the house is worth $297K, then 20% is just a discount your landlord is offe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the opportunities/implications of having a designated clearing bank in my home country? ### Answer: For an individual there will not be much impact immediately. This arrangement will help Cor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to incentivize a real-estate broker to find me a cheap house ### Answer: Having just gone through this process as a buyer via broker in Israel, here are my thoughts: Tl;dr: An incentive such as yo...
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: As far as the money goes, it all comes down to the terms. What is going to cost you the least? Loo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the meaning of “Closed Short” ,“Opened Long” ,“Scaled Out” and “Scaled In”? ### Answer: Opened Long - is when you open a long position. Long means that you buy to open the position, so you are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options for dummies. Can you explain how puts & calls work, simply? ### Answer: Put options are contracts to sell. You pay me a fee for the right to put the stock (or other underlying security) in my ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where is my dividend? ### Answer: Your dividend should show up in one of a few methods: (1) Cash in your trading account (2) A check mailed to you (3) A deposit to a linked bank account (4) As additio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Outstanding car bill, and I am primary but have not driven it for 2 years ### Answer: What can you do? Pay the loan or face the debt collectors. The finance company don't care who now keeps the car, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth buying real estate just to safely invest money? ### Answer: House prices do not go up. Land prices in countries with growing economies tend to go up. The price of the house on the land g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can one find intraday prices for mutual funds? ### Answer: Look at morningstar holdings.It will list the top 25 holdings and their current price.This will give you a good idea of the intra-day p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What questions should I ask a mortgage broker when refinancing a condo in Wisconsin? ### Answer: Its a huuuuuuuuuuuge topic, and to answer your question in full will require a book, with a small bookl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wife sent to collections for ticket she paid ten years ago ### Answer: The first thing you should do is write a letter to the collection company telling them that you dispute all charges and demand, p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is refinancing my auto loan just to avoid dealing with the lender that issued it a crazy idea? ### Answer: I’d say No, it’s not crazy. I did that even for a mortgage, because the bank tended to lose m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the USA have a Gold reserve? ### Answer: The US does have a gold reserve. The main reserves are held at Fort Knox but there is even more gold, mostly owned by other countries, stored in the basem...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Accounting Entry for Selling a Covered Call ### Answer: Option contracts typically each represent 100 shares. So the 1 call contract you sold to open (wrote) grants the buyer of that option the right ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does inflation mean to me? ### Answer: Inflation as defined in the general, has many impacts at a personal level. For example, you say that the reduction in the price of oil has no impact on you....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using Loan to Invest - Paying Monthly Installments with Monthly Income ### Answer: I think we are mixing this up. If you invest using loan, and are paying the loan out of your pocket and leaving the l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a US LLC need to file taxes if owned by a foreign citizen? ### Answer: There is no such thing as double taxation. If you pay tax in the US, you CAN claim tax credits from India tax authority. Fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to correctly track a covered call write (sell to open) in double-entry accounting? ### Answer: I think the issue you are having is that the option value is not a "flow" but rather a liability that...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can anyone else make an online payment for me? ### Answer: Your relative in the US could buy a pre-paid Visa (aka Visa gift card) and give you the numbers on that to pay. They're available for purcha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Started new job. Rollover previous employer 401k to new 401k, IRA or Roth IRA? ### Answer: You should never roll a 401(k) to a Roth IRA. If the intention is to do so, you are better off rolling to a t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the fuss about Credit Score / History? ### Answer: Credit Unions have long advocated their services based on the fact that they consider your "character." Unfortunately, they are then at a los...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Latest China devaluation (24/08/2015) and the affect on house prices in UK ### Answer: No. There is no indication that the recent decline will have an impact on the house market in the UK. The reason(...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who can truly afford luxury cars? ### Answer: Partly I suspect this is selection bias. You say you see so many luxury cars go by. But if you're looking for them, you're going to notice them. Have you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I use investments to lower my taxes [US]? ### Answer: Probably the biggest tax-deferment available to US workers is through employee-sponsored investment plans like the 401k. If you meet the i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I carelessly invested in a stock on a spike near the peak price. How can I salvage my investment? ### Answer: Basically, your question boils down to this: Where and how do I squeeze the stock market s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the benefit of investing in retirement plan versus investing directly in stocks yourself? ### Answer: Because retirement account usually are tax effective vehicles - meaning you will pay less ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does the purchase of shares on the secondary market benefit the issuing company? ### Answer: First, the stock does represent a share of ownership and if you have a different interpretation I'd lik...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can home buying be considered a sound investment with all of that interest that needs to be paid? ### Answer: The flaw in your reasoning is that you are assuming that renting a house is easy and a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can one protect oneself from a dividend stock with decreasing price? ### Answer: An alternative options strategy to minimize loss of investment capital is to buy a put, near the money around your ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are leverage/ko products the only reasonable way to trade stocks? ### Answer: There's no free lunch. Here are some positions that should be economically equivalent (same risk and reward) in a theoreti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do money markets fluctuate during market crashes? ### Answer: Wikipedia has a solid article on Money Market Funds which includes a section on "Breaking the Buck" when the money market fund fails to re...
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: This is a very personal situation of course, but if you can afford the repayments then I recommend keeping the house!. A house is a long term inve...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stores that offer military discounts compensated by the government? ### Answer: This story is about military grocery stores - i.e.: grocery stores for military personnel on military bases. There a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the marks of poor investment advice? ### Answer: My "bad advice detector" gets tingled by the following: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a country that uses the term “dollar” for currency without also using “cents” as fractional monetary units? ### Answer: Going through the list of economies that currently use the dollar, all ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a difference between managerial accounting and financial accounting? ### Answer: From Wikipedia: Managerial accounting is used primarily by those within a company or organization. Reports c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What types of ETFs are taxed differently by the IRS? ### Answer: Investopedia laid out the general information of tax treatment on the ETF fund structures as well as their underlying asset classes: ht...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Hearing much about Dave Ramsey. Which of his works is best in describing his “philosophy” about money? ### Answer: His books: The Total Money Makeover - This is a very step by step approach to what he...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dad paying for my new home in cash. How can I buy the house from him? ### Answer: You have four basic options. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options price vs implied volatility - who drives who? ### Answer: Currently, when "implied volatility" is spoken, the Black-Scholes-Merton model is implied. This model has been shown to be deficient,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mortgage company withholding insurance proceeds ### Answer: Fire insurance, as you have discovered, is a complete ripoff. Most people pay fire insurance all their lives with no benefit whatsoever, and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What industries soar when oil prices go up? ### Answer: You can look at it from a fundamental perspective to see who benefits from rising oil prices. That's a high level analysis and the devil is in t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How could USA defaulting on its public debt influence the stock/bond market? ### Answer: Regarding the Summer of 2011 Crisis: There is NO reason that the United States cannot continue borrowing like i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debit card for minor (< 8 y.o.) ### Answer: It seems the age restriction for the Capital One MONEY account has been removed; I just read the entire terms and conditions and there's no minimum age requ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Understanding the Nasdaq insider trading information ### Answer: Usually insiders are in a better position than you to understand their business, but that doesn't mean they will know the future with p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Good book-keeping software? ### Answer: Xero and WaveAccounting can make things easy, but they also have their limitations. I've used both for short periods of time but found both of them to be lackin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: From Facebook's perspective, was the fall in price after IPO actually an indication that it went well? ### Answer: @Joe.E, I disagree with your logic. The IPO clearly didn't go well--not relative to o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to map stock ticker symbols to ISIN (International Securities Identification Number)? ### Answer: There is no simple way to convert an ISIN into a stock ticker symbol. The only way to even attempt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do post-IPO 'insider' stock lockup periods still apply if you separate from the company ### Answer: There are quite a few regulations on "Insider Trading". Blackouts are one of the means companies ado...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to reconcile a credit card that has an ongoing billing dispute? ### Answer: What I would prefer is top open a new category charges under dispute and park the amount there. It can be made as an acc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Saving/ Investing a lump sum ### Answer: 5 years is very short term, and since you are sure you'll need the money, investing it into the markets should probably not be done. You can toss it in Ally ba...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making your first million… is easy! (??) ### Answer: I realize that "a million dollars" is a completely arbitrary figure, but it's one people fixate on. Perhaps folks just meant it's getting eas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When's the best time to sell the stock of a company that is being acquired/sold? ### Answer: What's your basis? If you have just made a 50% gain, maybe you should cash out a portion and hold the rest....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is a stock dividend considered a dividend? What makes it different from a stock split? ### Answer: The key difference I've found between a stock split and a stock dividend – of the exact same stoc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I sell a 2nd home, or rent it out? ### Answer: If you can generate a higher ROI by renting than by cashing out and investing, then you should rent it out. Please consider your risk tolerance as...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to find turnover / average amount of time investors & mutual funds held stocks they purchased? ### Answer: You can make a rough calculation of the annual turnover rate of stocks by calculating t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would you ever turn down a raise in salary? ### Answer: At least with US tax law where you only pay taxes at the higher rate for the income above the minimum for that tax bracket, you will always ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can my spouse be the primary signer on my car's loan? ### Answer: Go to your local bank or credit union before talking to a dealership. Ask them if putting both names on the loan makes a difference re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should a high-school student invest their (relative meager) savings? ### Answer: If you're not rich, investing money will produce very small return, and is a waste of your resources. If you want to sa...