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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Cons of withdrawing money from an Roth IRA account? ### Answer: In a year with no income, the best advice is to convert existing IRA money to Roth. This lets you take advantage of the 'zero' bracket, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy ~$2200 of a hot stock or invest elsewhere? ### Answer: Forget investing, you need to focus on managing your debt. I would keep the 6k in a checking or savings account because you need tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay off credit cards in one lump sum, or spread over a few months? ### Answer: I have heard that it is better for your credit score to pay them down over time. Will it make much of a difference? I hav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit report - Not able to establish identity ### Answer: It looks like from their response, they would like you to send a copy of your social security card. Your drivers license or passport will not...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Avoiding sin stock: does it make a difference? ### Answer: Yes, it does matter. You are right that lower demand for a stock will drive its price down. Lower stock prices can hurt the company. Take a l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best Time to buy a stock in a day ### Answer: The best time to buy a stock is the time of day when the stock price is lowest! Obviously you learned nothing from that sentence, but unfortunately you wo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are underlying assets supposed to be sold/bought immediately after being bought/sold in call/put option? ### Answer: In the first case, if you wish to own the stock, you just exercise the option, and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment / Savings advice in uncertain economy ### Answer: $23,000 Student Loans at 4% This represents guaranteed loss. Paying this off quickly is a conservative move, while your other investments m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Over the long term, why invest in bonds? ### Answer: Many folks use bonds to diversify their portfolio since bonds rise and fall in value at different times and for different reasons than stocks. Bond...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What one bit of financial advice do you wish you could've given yourself five years ago? ### Answer: 2 things: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to evaluate an annuity ### Answer: Annuities are usually not good deals. Commissions to the salesman can be as high as 9% of the initial premium. They're not scams, just not the best deals for mos...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do brokers execute every trade on the exchange? ### Answer: There are two terms that are related, but separate here: Broker and Market Maker. The former is who goes and finds a buyer/seller to buy/se...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any banks in Europe that I can have an account without being in that country? ### Answer: It can be done, but I believe it would be impractical for most people - i.e., it would likely be che...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate the rate of return on selling a stock? ### Answer: You probably want the Internal Rate of Return (IRR), see http://en.wikipedia.org/wiki/Internal_rate_of_return which is the compound ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Live in California but work for Illinois-based company ### Answer: California and New York are very aggressive when it comes to revenue and taxes. As such, mere having an employee in these States crea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is being a landlord a good idea? Is there a lot of risk? ### Answer: I have been a landlord in Texas for just over 3 years now. I still feel like a novice, but I will give you the benefit of my experi...
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: You are assuming 100% occupancy and 100% rent collection. This is unrealistic. You could get lucky and find tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What one bit of financial advice do you wish you could've given yourself five years ago? ### Answer: I wish I had learned my lesson from the dot com bubble before I took a piece of the housing bubble....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Good book-keeping software? ### Answer: The short answer is that there are no great personal finance programs out there any more. In the past, I found Microsoft Money to be slick and feature rich but ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax intricacies of MLP in a Roth IRA ### Answer: You seem to have it right. Unless you have a big position, having MLP shares in your IRA will not cause you any tax hassles. Your IRA will get a Sche...
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: In an open corporation scenario a stock holder may well be found liable. It's a very narrow and un...
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: Some other unsecured loans that are common: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to make money by getting a mortgage? ### Answer: the mortgage interest deduction alone couldn't make this work, but if you realize less income by living off the mortgage funds, then it ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What do the terms par value, purchase price, call price, call date, and coupon rate mean in the context of bonds? ### Answer: Bonds are valued based on all of this, using the concept of the "time valu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does the Pension system work in Poland? ### Answer: littleadv's answer gives a concise summary of the system as it stands now, but much more changed than just the portion of the mandatory contribu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Finding out actual items bought via credit card issuer and not the store receipt? ### Answer: As a merchant I can tell you that the only thing the bank gets from me. Is the total amount and a categor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does dollar cost averaging really work? ### Answer: Dollar cost averaging works if the stuff you're buying goes up within your time horizon. It won't protect you from losing money if it doesn't. Also...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is market capitalization? [duplicate] ### Answer: Market Capitalization is the product of the current share price (the last time someone sold a share of the stock, how much?) times the number of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Evaluating stocks useless? ### Answer: Is evaluating stocks just a loss of time if the stock is traded very much? Not at all! Making sound investment decisions based on fundamental analysis of compani...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I invest in securities denominated in a foreign currency, should I hedge my currency risk? ### Answer: No. This is too much for most individuals, even some small to medium businesses. When you se...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I avoid international wire fees or currency transfer fees? ### Answer: I faced something similar for travel or work reasons, and as for me I preferred wire transfer over credit card withdrawal...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Choosing which ESPP stocks to sell? ### Answer: the difference would be taxes... Lets say you have two lots, one with a 10 dollar gain, and one with a 20 dollar gain. And lets say you decide to sell...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Gold futures' margin ### Answer: The initial and overnight margin requirements are set by the exchanges (who calculate them using the Standard Portfolio of Analysis of Risk, or 'SPAN' system), and pos...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I learn to do my own tax? ### Answer: I would advise against "pencil and paper" approach for the following reasons: You should e-file instead of paper filing. Although the IRS provides an optio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a car - advice needed ### Answer: I would actually disagree with MrChrister on this. You can afford yourself the car in this price range paid cash. I don't know how exactly you spend your incom...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What tax laws apply to Meetup group income? ### Answer: In the United States tax law, a group of people who are neither an individual nor an incorporated entity is called "partnership". Here's the IR...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock doesn't pay dividends, then why is the stock worth anything? ### Answer: You are missing the fact that the company can buy back its own shares. For simplicity, imagine the case that you own...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Indie Software Developers - How do I handle taxes? ### Answer: The "hire a pro" is quite correct, if you are truly making this kind of money. That said, I believe in a certain amount of self-education...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Impact of RMD on credit worthiness ### Answer: I feel like this has nothing to do with income, and as such RMDs will not really help or harm you. After a person passes, credit card companies are unlik...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are my parents ripping me off with this deal that doesn't allow me to build my equity in my home? ### Answer: I would go see a Lawyer no matter what. It's a form of a scam your parents are doing. Make...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a stock's trade size history publicly available? ### Answer: You can buy the data and process it on your own. http://www.nyxdata.com/Data-Products/Daily-TAQ ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does financing a portfolio on margin affect the variance of a portfolio? ### Answer: Variance of a single asset is defined as follows: σ2 = Σi(Xi - μ)2 where Xi's represent all the possible final mark...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I buy shares of oil? I'm told it's done through ETFs. How's that related to oil prices per barrel? ### Answer: While we're not supposed to make direct recommendations, and I am in no way advis...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Funding an ira or roth ira ### Answer: And on the last sentence, it doesn't matter when or where the money was earned (money is fungible, so there's generally not even any way to tell), but you do hav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: ESPP (Employee Stock Purchase Plan) Funds on Mortgage Loan Application ### Answer: The problem is that you don't have the money now; so they can't know with 100% certainty that you will have it on set...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I calculate ownership percentage for shared home ownership? ### Answer: It may clarify your thinking if you look at this as two transactions: I am an Australian so I cannot comment on US tax la...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stock or commodity prices sometimes rise suddenly just before market close? ### Answer: This is often the case where traders are closing out short positions they don't want to hold overnight, f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Someone asks you to co-sign a loan. How to reject & say “no” nicely or politely? ### Answer: I'll take an alternate route: honesty + humor. Say something like this with a smile and a laugh, like you k...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can saving/investing 15% of your income starting age 25, likely make you a millionaire? ### Answer: The article links to William Bernstein’s plan that he outlined for Business Insider, which says: Mod...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is house swapping possible? ### Answer: Another possibility that you might consider is to find a renter for your current place and move to your destination. If you have a lease for your renter, your m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strategies for paying off my Student loans ### Answer: Considering I'm in a nearly identical situation, I'll speak to my personal strategy and maybe there's some value for you as well. You have ~$22...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happened to Home Depot's Stock in 1988? ### Answer: So a major problem with looking at historical stock data on these graphs is that they set the stock price based off of current market volumn. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Filing a corporation tax return online? ### Answer: When in doubt, you should always seek the advice of a professional tax preparer or your accountant. (Many agents/accountants will gladly review your...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does gold have value? ### Answer: Gold has very useful physical properties for some engineering applications. Even tiny amounts of gold can substantially improve products, so it can be worthwhile...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can Robin Hood offer trading without commissions? ### Answer: They make money off you by increasing the spread you buy and sell your stocks through them. So for example, if the normal spread for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you calculate the rate of return (ROR) when buying and selling put options? ### Answer: RoR for options you bought is fairly easy: (Current Value-Initial Cost)/Initial Cost gives you the actual...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can this stock have an intra-day range of more than 90% on 24Aug2015? ### Answer: EDIT: It was System Disruption or Malfunctions August 24, 2015 2:12 PM EDT Pursuant to Rule 11890(b) NASDAQ, on ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debit card funds on preauthorization hold to paypal: can it be used for another transaction? ### Answer: Imagine the following scenario: You have a credit limit of $1000 and you want to by a tablet fr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How safe is a checking account? ### Answer: US checking accounts are not really secure, though many people use them. One form of check fraud has been highlighted by Prof. Donald Knuth and carried out ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are U.S. Treasury interest rates are so low vs. other nearly risk-free rates? ### Answer: As I'm sure you are reading in Hull's classic, the basic valuation of bonds depends on the chance of entit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should residents of smaller economies allocate their portfolio between domestic and foreign assets? ### Answer: We face the same issue here in Switzerland. My background: Institutional investment ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I be doing to protect myself from identity theft? ### Answer: Every 90 days add an Initial Fraud Alert to each of the 3 major credit bureaus. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Monthly money transfers from US to Puerto Rico ### Answer: Puerto Rico: Last I checked, the Puerto Rico banking system wasn't materially different than working within the US - though some Continental ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a subsidy? ### Answer: A subsidy is a payment made by a group (usually the state) to individuals or corporations in order to shift the balance if the rational economic decision for the individ...
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 suggest at least getting a personal card that you only use for business expenses, even if you don't opt for a business card. It makes it very cle...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I sell when my stocks are growing? ### Answer: I reread your question. You are not asking about the validity of selling a particular stock after a bit of an increase but a group of stocks. We d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I profit from anticipating a drop in value? ### Answer: To summarize, there are three basic ways: (3) is the truly dangerous one. If there is a lot of short interest in a stock, but for some reaso...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A debt collector will not allow me to pay a debt, what steps should I take? ### Answer: Send a well-documented payment to the original creditor. Do it in such a way that you would have the ability to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the pros and cons of investing in a closed-end fund? ### Answer: One advantage not pointed out yet is that closed-end funds typically trade on stock exchanges, whereas mutual funds do not. T...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the breakdown of a loan repayment into principal and interest of any importance? ### Answer: It's important because it shows that the amount you owe does not decrease linearly with each payment...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I get bill collectors who call about people I know to stop calling me? ### Answer: If they really won't stop calling you, just waste their time. Usually the best thing I do to telemarketers (th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to diversify IRA portfolio given fund minimum investments and IRA contribution limits? ### Answer: There are fund of funds,e.g. life cycle funds or target retirement funds, that could cover a lot ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: US Taxes - Handling Capital Losses from previous years with current capital gains ### Answer: No one can advise you on whether to hold this stock or sell it. Your carried losses can offset short or lo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the “Bank on Yourself” a legitimate investment strategy, or a scam? ### Answer: I haven't read the book and have no intention of reading it. This definitely looks like a forced savings plan with "W...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I sell a stock that I don't have, am I required to buy it before a certain amount of time? ### Answer: I don't actually have any of this stock. Apparently, it's quite common strategy This is called...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the “Bank on Yourself” a legitimate investment strategy, or a scam? ### Answer: Technically, this doesn't seem like a scam, but I don't think the system is beneficial. They use a lot of half-truth...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good practice to keep salary account and savings account separate? ### Answer: There is no "should", but I am strongly of the view that if you have savings of several months' salary or more, t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I get into investing in stocks? ### Answer: Start by paying down any high interest debt you may have, like credit cards. Reason being that they ultimately eat into any (positive) returns you m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm in the U.S. What are vehicles to invest in international stocks? ### Answer: Interactive Brokers offers many foreign markets (19 countries) for US based investors. You can trade all these local m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is U.S estate tax applicable to joint brokerage account of non-US citizens if one party dies? ### Answer: If the brokerage account holds US assets, such as the stock of US companies, then it may be ta...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Relocating and buying a house simultaneously - How to handle pre-approval on fluctuating yearly income? ### Answer: Assuming the numbers you gave are forecasted 2013 annual income, you should really u...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Vanguard Mutual Funds — Diversification vs Share Class ### Answer: There's really no right or wrong answer here because you'll be fine either way. If you've investing amounts in the low 5 figures you'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is gold not a good investment? ### Answer: I think what the person meant to say is that Gold is not a one stop solution. There's nothing wrong with having Gold in an otherwise diversified portfoli...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In India, what is the difference between Dividend and Growth mutual fund types? ### Answer: After searching a bit and talking to some investment advisors in India I got below information. So thought o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you invest in real estate without using money? ### Answer: There is (almost) always money involved somewhere, but it doesn't have to come from you. It can be investors, credit cards, or even s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to help a financially self destructive person? ### Answer: You can't help people that don't want help, period. It just doesn't work, and you will waste your time and energy while making the other ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: From ACH direct debit to Prepaid card? ### Answer: This would be exactly the sort of product that a thief would want, if they had got ahold of some account numbers and wanted to steal the money from t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth it to reconcile my checking/savings accounts every month? ### Answer: While it's wise, easier and safer to check your transactions online a few times a month, I opt to receive and file pap...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: how does one start an investing club (as a company)? ### Answer: As for the letting the "wise" people only make the decisions, I guess that would be a bit odd in the long run. Especially when you get ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it normal for brokers to ask whether I am a beginner? ### Answer: In many places there are legal requirements to do so, essentially made to prevent brokers from selling high-risk products as if the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Deciding between Employee Stock Option and Restricted Stock ### Answer: There's no best strategy. Options are just pieces of paper, and if the stock price goes below the strike price - they're worthle...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the incentive for a bank to refinance a mortgage at a lower rate? ### Answer: The big one is to keep you from refinancing it with someone else to get a better rate. There may also be some funn...
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: I think you have succumbed to a category error. The rational course forward is to classify all property as either his, hers, or family's. Each ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I want to invest in Gold. Where do I go and buy it? ### Answer: I do not know anything about retail investing in India, since I am in the US. However, there are a couple of general things to keep in m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy home and leverage roommates, or split rent? ### Answer: It's doable, but there's a fair amount of risk involved. The biggest issue is that your roommates could move out. It's possible that they co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: “In-the-Money” vs “Out-of-the-Money” Call Options ### Answer: First, welcome to Money.SE. The selected page is awful. I don't know the value in listing different expirations at the same strike. Usual...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When people say 'Interest rates are at all time low!" … Which interest rate are they actually referring to? ### Answer: As Sean pointed out they usually mean LIBOR or the FFR (or for other countries t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Free/open source Unix software that pulls info from all my banks/brokers/credit cards? ### Answer: As far as I can tell there are no "out-of-the-box" solutions for this. Nor will Moneydance or GnuCas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If something is coming into my account will it be debit or credit in my account? ### Answer: It sounds like you're mixing a simple checkbook register with double-entry bookkeeping. Do you need a doubl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In what circumstances will a bank waive the annual credit card fee? ### Answer: See if the bank has other credit cards they offer. Many banks have multiple ones: some cards have great benefits, others...