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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: It isn't the first initiative (see link below) and maybe this one will stick around. Time will be a good test. Here is an article o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ways to trade the Euro debt crisis ### Answer: Short the Pound and other English financial items. Because the English economy is tied to the EU, it will be hit as well. You might prefer this over Eu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference when asked for “debit or credit” by a store when using credit and debit cards? ### Answer: When using a debit card in a "credit" way, you don't need to enter your PIN, which prot...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I deduct the full value of illiquid stock donation out of ordinary income if I put it into a private foundation? ### Answer: Contributions of restricted stock to a donor-advised fund or other publ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is SIPC coverage on cash as strong as FDIC? ### Answer: For cash, SIPC insurance is similar to FDIC insurance. Your losses are not covered, but you're covered in case of fraud. Since your cash is supp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 401K - shift from agressive investment to Money Market ### Answer: I can understand your fears, and there is nothing wrong with taking action to protect yourself from them. How much income do you need...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Taxes and withholding on unpaid salary ### Answer: As others have said, make sure you can and do file your taxes on a cash basis (not accrual). It sounds like it's very unlikely the company is going t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In a competitive market, why is movie theater popcorn expensive? ### Answer: The cost of the popcorn is simply the hidden extension of the price the consumer pays for the movie ticket. Similar to the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it bad practice to invest in stocks that fluctuate by single points throughout the day? ### Answer: Yes. There are several downsides to this strategy: You aren't taking into account commissions. If...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it ok to just report to 1 credit bureau instead of all 3 ### Answer: The reason you would want to report to all three is because lenders don't usually query all three. Thus, it may be that your neg...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why doesn’t every company and individual use tax-havens to pay less taxes? ### Answer: There are tax free bonds in the United States. They are for things like public housing and other urban projects....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stock prices likely drop off a little bit on a given friday afternoon? ### Answer: It is called the Monday Effect or the Weekend Effect. There are a number of similar theories including the Octobe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Asset allocation when retirement is already secure ### Answer: You will hear a lot about diversifying your portfolio, which typically means having a good mix of investment types, areas of investments,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can this be enough to fund a scholarship in perpetuity? ### Answer: The Trinity study looked at 'safe' withdrawal rates from retirement portfolios. They found it was safe to withdraw 4% of a portf...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stock prices of retailers not surge during the holidays? ### Answer: Your explanation is nearly perfect and not "hand wavy" at all. Stock prices reflect the collective wisdom of all participati...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What constitutes illegal insider trading? ### Answer: You have to read some appeals court cases see scholar.google.com , as well as SEC enforcement actions on sec.gov to get an understanding of how th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Yahoo Finance - Data inconsistencies between historic and current data ### Answer: You might have better luck using Quandl as a source. They have free databases, you just need to register to access t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I borrow in order to improve a home I just bought? ### Answer: It depends on your equity(assets - liabilities). If you have a lot of equity, banks will be happy to lend you money because they...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What options are available for a home loan with poor credit but a good rental history? ### Answer: Why not just do an FHA loan? The minimum credit score is 580, and you can sometimes even go lower tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Deducting last years (undocumented) side business loss ### Answer: You should speak to a good tax adviser. The less documentation you have the more problems IRS are going to cause you. Generally you c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I use an NRE or NRO account to transfer money from India to the US? Any reports needed? ### Answer: NRE is better. It's a tax free account, exempt from income tax. NRE account is freely repatri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I trust the Motley Fool? ### Answer: Hmm.. hey bro, not personal, but is what comes to mind: I guess my answer will be highly down voted... =P ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to deal with the credit card debt from family member that has passed away? ### Answer: First, when a debt collector says, "It's to your advantage to give me money now", I'd take that with a grain ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does investing in a company support it? ### Answer: As others have said, it simply makes you a part owner. Even if you have ethical objections to a company's behavior, I'd argue that investing in it a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens with the “long” buyer of a stock when somebody else's short fails (that is, unlimited loss bankrupts short seller) ### Answer: Unless I am missing something subtle, nothing happens to the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm an American in my mid 20's. Is there something I should be doing to secure myself financially? ### Answer: First of all, make sure you have an emergency fund. Ideally this should be at least 6 mo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do i get into investing stocks [duplicate] ### Answer: Spend your first 50 euros on research materials. Warren Buffett got started as a boy by reading every book in the Library of Congress on inve...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What exactly is the profit and loss of a portfolio? ### Answer: When we 'delta-hedge', we make the value of a portfolio 0. No - you make the risk relative to some underlying 0. The portfolio does ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should a 21 year old do with £60,000 ($91,356 USD) inheritance? ### Answer: The above answers are great. I would only add to the "rainy day" part, that even though the cash provides a good cushio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Covered call when stock position is at a loss ### Answer: If your shares get called on stock at a price below what you paid for the stock, your gain or loss depends on what premium you got for the opt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a term that better describes a compound annual growth rate (CAGR) when it is negative? ### Answer: Same question had popped up in our office,and we got an answer from one of the senior collea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: why is the money withdrawn from traditional IRA taxed at the ordinary income tax rate? ### Answer: You are missing something very significant. The money in a traditional IRA (specifically, a deductibl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I own x% of company A, and A buys company B, do I own x% of B? ### Answer: No, thanks to the principle of corporate personhood. The legal entity (company C) is the owner and parent of the private ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any countries where citizens are free to use any currency? ### Answer: Wikipedia has a list of countries which ban foreign exchange use by its citizens. It's actually quite short but does i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are Certificates of Deposit worth it compared to investing in the stock market? ### Answer: Of course CDs are worth it compared to the stock market. In fact, most institutional investors are envious o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 0% APR first 12 months on new credit card. Can I exceed that 30% rule of thumb and not hurt my credit score? ### Answer: Your utilization ratio history is irrelevant to its impact on your credit score...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it financially advantageous and safe to rent out my personal car? ### Answer: I'm going to address a couple of extra issues over and above mhoran_psprep's great answer. Insurance A lot of the jobs ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why an inner suburbs small apartment considered a risky investment ### Answer: The banks see small apartments as a higher risk because usually very small apartments are harder to sell, especially duri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any specific examples of company valuations according to Value Investing philosophy? ### Answer: Buffet is in a different league from other value investors. He looks for stable companies with no debt ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Filing taxes on stocks ### Answer: You need to submit an updated return. The problem is that once three years have passed you can't update the return to get any kind of refund, but if they are going a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why will the bank only loan us 80% of the value of our fully paid for home? ### Answer: I am going to add just one more item to what are some very well thought out answers. The element of "Cash Out" I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where do online stock brokers get their real-time data from? ### Answer: As another answer started, this information comes straight from an exchange and generally costs a fortune . . . However things ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Extra cash - go towards mortgage, or stock? ### Answer: It's six of one a half dozen of another. Investing the cash is a little more risky. You know exactly what you'll get by paying down your mort...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Taking out a loan to pay down a mortgage ### Answer: You have the 2 properties, and even though the value of property B is less than the amount you owe on it hopefully you have some equity in propery ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can paying down a mortgage be considered an “investment”? ### Answer: Your mortgage represents a negative cash flow of $X for N months. The typical mortgage prepayment doesn't reduce your next payment...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making $100,000 USD per month, no idea what to do with it ### Answer: Your #1 problem is the Government both in it's form as a taxation outfit and as a 'law and order' outfit. You'd be very surprised...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a normal amount of money to spend per week on food/entertainment/clothing? ### Answer: I'll start with a question... Is the 63K before or after taxes? The short answer to your question on how...
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: One key piece missing from your theory is the bid/ask spread. If you buy a sto...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the Black-Scholes Model apply to American Style options? ### Answer: Black-Scholes is "close enough" for American options since there aren't usually reasons to exercise early, so the ability to d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When can you adjust for (and re-allow) a disallowed year-end (December) wash-sale loss? ### Answer: Disallowed losses are created when you buy a stock */- 30 days of a sale at a loss. When you sell a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: US Stock Market - volume based real-time alert ### Answer: TdAmeritrade offers this service for free using 3rd party company markit. From markit's site, below is their guarantee. http://www.markit.co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm an American in my mid 20's. Is there something I should be doing to secure myself financially? ### Answer: Buy this book. It is a short, simple crash course on personal finance, geared at someone...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the tax rate for selling stocks? ### Answer: Assuming that taxes were withheld when you received the options, you would now only owe tax on the profit from the sale of the stock. The cost bas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should the poor consider investing as a means to becoming rich? ### Answer: Definitions are in order: These definitions are important. Someone making 1,000,000 a year who spends all of it is poor. Som...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Saving $1,000+ per month…what should I do with it? ### Answer: Excellent responses so far. Because I am a math guy, I wanted to stress the power of compounding. It's great that you are thinking about...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does one typically exit (close out) a large, in-the-money long put option position? ### Answer: The question is, how do I exit? I can't really sell the puts because there isn't enough open inter...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does an option lose time value faster as it approaches expiry ### Answer: NL7 is right and his B-S reference, a good one. Time decay happens to occur in a way that 2X the time gives an option 1....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: historical stock data starting from 1900 ### Answer: Good day! Did a little research by using oldest public company (Dutch East India Company, VOC, traded in Amsterdam Stock Exchange) as search criter...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: online personal finance software that I can host myself ### Answer: I generally concur with your sentiments. mint.com has 'hack me' written all over it. I know of two major open source tools for acco...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should the poor consider investing as a means to becoming rich? ### Answer: Given that a poor person probably has much less to invest, how can odds be in their favor? To add to Lan's great answer, if ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Hired with W-9, will I owe estimated tax quarterly? ### Answer: You must pay your taxes at the quarterly intervals. For most people the withholding done by their employer satisfies this requirement. H...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do cashier's checks work and why are they good for scams? ### Answer: There are two different issues at play here, and they are completely separate from each other: A bank or cashier's check is "s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the smartest way to invest money gifted to a child? ### Answer: I was in a similar situation with my now 6 year old. So I'll share what I chose. Like you, I was already funding a 529. So I op...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 1099-B, box 5, how to figure out cost basis? ### Answer: For every document that the IRS posts, there will be a correlating instructions page. This would be the instructions for the 1099-B, here. Furt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are options created? ### Answer: At my soon to be legendary Stock Options Cafe, I recently wrote an article "Betting On Apple at 9 to 2." It described a trade in which a 35% move in a stock over ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where do I invest my Roth IRA besides stock market and mutual funds? ### Answer: In general, investors with a long period of time until they would need to withdraw the cash are best off holding mostly...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How many days does Bank of America need to clear a bill pay check ### Answer: This is based on my experience with Chase and may not be applicable to other banks. As you mentioned Chase as one of the b...
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: What you are describing here is the opposite of a problem: You're trying to contact a debt-collector to pay them...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mortgage company withholding insurance proceeds ### Answer: Have you found a general contractor to rebuild your home? I would imagine that someone with a bit of expertise in the area is used to dealin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay cash or prefer a 0% interest loan for home furnishings? ### Answer: There are several issues with paying for furniture and appliances with 0% credit instead of paying with cash. When you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best way to save money from inflation and currency devaluation? ### Answer: Generally speaking, so-called "hard assets" (namely gold or foreign currency), durable goods, or property that p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are option contracts subject to mark to market rules ### Answer: If I sell a covered call, on stock I own 100%, there is no risk of a margin call. The stock goes to zero, I'm still not ask to send in ...
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: If I don't need this money for decades, meaning I can ride out periodical market crashes, why would I invest in bonds instead of funds that track b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Reinvesting earnings increases the book value of equity? ### Answer: The book value is Total Assets minus Total Liabilities and so if you increase the Total Assets without changing the Total Liabiliti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do if a state and federal refund is denied direct deposit? ### Answer: It is not allowed to pay refunds to anyone other than the taxpayer. This is due to various tax return fraud schemes that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: W8-BEN for an Indian Citizen ### Answer: According to the Form W-8BEN instructions for Part II, Line 10: Line 10. Line 10 must be used only if you are claiming treaty benefits that require that you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Comparing the present value of total payment today and partial payments over 3 months ### Answer: Its kind of a dumb question because no one believes that you can earn 8% in the short term in the mark...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there an ETF or Mutual Fund which tracks James O'Shaugnessy's Trending 25 stock strategy? ### Answer: Funds can't limit themselves to a small number of stocks without also limiting themselves to a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I remodel or buy a bigger house? ### Answer: After a 6% commission to sell, you have $80K in equity. 20% down on a $400K house. 5% down will likely cost you PMI, and I don't know that you'll e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much more than my mortgage should I charge for rent? ### Answer: I think the mortgage must not be in the equation at all in order to determine how much to charge. Of course you want to cover your ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are some long term investors so concerned about their entry price? ### Answer: Because buying at discount provides a considerable safety of margin -- it increases the likelihood of profiting. The ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a significant danger to market orders as opposed to limit orders? ### Answer: The risk of market orders depends heavily on the size of the market and the exchange. On big exchange and a secur...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does payment in goods count as “income” for tax purposes? ### Answer: The IRS defines income quite specifically. On the topic What is Taxable and Nontaxable Income, they note: You can receive income i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Reducing taxable income in US in December ### Answer: Depending on the size of the donation, you may be able to reduce taxes further by donating appreciated assets, such as stock or fund shares that h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a company care about the price of its own shares in the stock market? ### Answer: Because it's a good indicator of how much their asset worth. In oversimplified example, wouldn't you care ho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are fund managers' average/minimum purchase price from form 13F the same? ### Answer: The GuruFocus Link is just reporting the high and low price of the quarter. Price Range (Average) – The estim...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I figure out if I will owe taxes ### Answer: Your employer pays the expected (but estimated) taxes for you. So the chances are you don't own more; but that might be different if you have other ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Understanding the phrase “afford to lose” better ### Answer: It's a phrase that has no meaning out of context. When I go to Las Vegas (I don't go, but if I did) I would treat what I took as money I p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there lesser or no tax on assets? ### Answer: US federal tax law distinguishes many types of income. For most people, most of their income is "earned income", money you were paid to do a job. Anoth...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's a good free checking account? ### Answer: Here's a hack for getting the "free" checking that requires direct deposit. Some effort to set up, but once everything is in place, it's all autopilot....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do with $50,000? ### Answer: Considered a down payment on a house? Some illiquid assets? Otherwise you are doing 'responsible' get rich slow (read: get rich old) type things. And this questio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using simple moving average in Equity ### Answer: A shorter term MA would be used for short term changes in price whilst a long term MA would be used for longer term movements in price. A 200 day SMA...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to account for a shared mortgage in QuickBooks Online? ### Answer: How you should record the mortgage payments depends on if you are trying to achieve correct accounting, according to the standard...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I remove the movement of the stock market as a whole from the movement in price of an individual share? ### Answer: The portion of a stock movement not correlated with stocks in general is cal...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax deductions on empty property ### Answer: This doesn't sound very legal to me. Real estate losses cannot generally be deducted unless you have other real estate income. So the only case when this w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How often do stocks become worthless? ### Answer: The only thing that makes a stock worthless is when the company goes out of business. Note that bankruptcy, by itself, does not mean the company is cl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are services provided to Google employees taxed as income or in any way? ### Answer: These services and other employee perks are referred to as fringe benefits. An employee "fringe benefit" is a form ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do credit card transactions take up to 3 days to appear, yet debit transactions are instant? ### Answer: When you swipe your credit card, the terminal at the store makes a request of your bank, an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are credit cards not viewed as credit until you miss one payment? ### Answer: First, a note of my personal experience: up until a year ago, my credit lines were composed exclusively of credit cards wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I figure out if I will owe taxes ### Answer: Do you have a regular job, where you work for somebody else and they pay you a salary? If so, they should be deducting estimated taxes from your pay...