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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Optimal way to use a credit card to build better credit? ### Answer: Most business credit cards do not report to the personal credit report unless the person pays the card late. Given that fact, any d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Unusual real estate market with seemingly huge rental returns ### Answer: The way to resolve your dilemma is to consult the price-to-rent ratio of the property. According to smartasset.com: The price-...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between speculating and investing? ### Answer: Classic investing guru Benjamin Graham defines "An investment operation is one which, upon thorough analysis, promises safety of p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: S&P is consistently beating inflation? ### Answer: Inflation and stock returns are completely different things The CPI tracks the changes in the prices of a basket of goods a consumer might buy, the S...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I have no exemptions or deductions, just a simple paycheck, do I HAVE to file taxes? ### Answer: You are not required to file a tax return in Canada if you have no taxable income. If you do not fil...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between a check and a paycheck? ### Answer: A paycheck is simply a check for your salary. It's just like a rent check, or a birthday check, or a grocery check... I've had "pay...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Company stock listed in multiple exchanges? ### Answer: It doesn't matter which exchange a share was purchased through (or if it was even purchased on an exchange at all--physical share certificates c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Events that cause major movement in forex? ### Answer: Anything related to the central bank will have a large impact, as they are the ones who determine interest rates, and interest rates have a big e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a online only bank protect itself against fraud? ### Answer: There are Cyber Security and Reporting Standards which Financial Service Provider (Banks and Financial services where customers de...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a foreclosed property ### Answer: Like most other things, this is "sometimes," but not always true. Sometimes banks will be willing to sell at a discount, sometimes they will hold out for "full...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate ownership for property with a partner ### Answer: i would recommend that you establish a landlord/tenant relationship instead of joint ownership (ie 100% ownership stake for one of yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any downside to using temporary credit card numbers with subscription services? ### Answer: You're knowingly providing a payment method which has insufficient funds to meet the terms of the c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are Index Funds really as good as “experts” claim? ### Answer: Two main points to answer this in my opinion. First, most people don't start with say half a million dollar to buy all the stocks they ne...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I hedge properly against inflation and other currency risks? ### Answer: I apply what you term 'money' to the word 'commodity'. And I agree with littleadv, you are just selling us your perspect...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Everyone got a raise to them same amount, lost my higher pay than the newer employees ### Answer: This is one effect of rising minimum wages: compression of lower pay tiers. The new employees might ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to handle missing W2 from failed direct deposit only company? ### Answer: Yes, there's a way. I actually wrote a blog post about it. Its a new service from the IRS which allows you pulling your ac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate how much house I can afford? ### Answer: Fundamentals: Then remember that you want to put 20% or more down in cash, to avoid PMI, and recalculate with thatmajor chunk taken out of yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does gold's value decrease over time due to the fact that it is being continuously mined? ### Answer: The relative value of Gold (or any other commodity) as measured against any given currency (such a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Online transaction - Money taken out late ### Answer: When processing credit/debit cards there is a choice made by the company on how they want to go about doing it. The options are Authorization/Cap...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should we buy a house, or wait? ### Answer: Some highly pessimistic things worth noting to go alongside all the stability and tax break upside that homes generally provide: Negative equity is no joke ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Expiring 401(k) Stock Option and Liquidation Implications ### Answer: It might go down a bit, or it might not. That is nearly impossible to predict, as the relative volumes are unknown, and the exact ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wardrobe: To Update or Not? How-to without breaking the bank ### Answer: Sounds more of a question for the fine people at StyleForum.net but i would suggest to start looking carefully at the quality o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm 18. How to build good monthly income at my 20's? ### Answer: Market rate of return averages about 8% annually (sometimes more, sometimes less or negative). To get 30k monthly -- even taking that a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is giving my girlfriend money for her mortgage closing costs and down payment considered fraud? ### Answer: Sheesh, are people kidding here? It's a gift. It's not fraud. Just keep in mind that, becaus...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best credit card for someone with no credit history ### Answer: Consider getting yourself a gas card. Use it for a year. Make your payments on time. Then reapply for a credit card. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stories of turning a few thousands into millions by trading stocks real? ### Answer: The short answer is yes, it is possible to do what these classes claim, however, it is highly unlikely. For eve...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is this mortgage advice good, or is it hooey? ### Answer: That makes no sense at all. They try to compare and that's exactly the same as comparing apples versus oranges. Mortgage is long-term loan, so...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options strategy - When stocks go opposite of your purchase? ### Answer: I cannot believe noone mentioned this so far: Every decision you make is independent from previous decisions (that is, if you o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dollar-cost averaging: How often should one use it? What criteria to use when choosing stocks to apply it to? ### Answer: Dollar cost averaging is a great strategy to use for investment vehicles where...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My Brokerage statement shows “Adjusted due to previous wash sale disallowed loss” what does this mean? ### Answer: Summary of accepted answer: Your "loss" will not count as a loss (to the IRS). Which...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First 401K portfolio with high expense ratios - which funds to pick? (24yo) ### Answer: If it was me, I would withdraw money from savings and be debt free today. I would then pour the $500 into build...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculating profits for a private fund ### Answer: One way I heard of, from a friend who ran a similar fund as yours, is to calculate $days of investment and divide the investment as accordingly. For...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Peter Lynch talking about the Dividend Adjusted PEG Ratio in this quote? ### Answer: Essentially, yes, Peter Lynch is talking about the PEG Ratio. The Price/Earnings to Growth (PEG) Ratio is where ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are a few sites that make it easy to invest in high interest rate mutual funds? ### Answer: If you want a ~12% rate of return on your investments.... too bad. For returns which even begin to appr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Determining the basis for capital gain [duplicate] ### Answer: If you make money in currency speculation (as in your example), that is a capital gain. A more complicated example is if you were to buy ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you sell stocks/commodities for any price you wish (either direct or market)? ### Answer: You answered your own question "whether someone buys is a different thing". You can ask any price that you...
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: Just a few observations within the Black-Scholes framework: Next, you can now use the Black-Scholes framework (stock price is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can one use dollar cost averaging to make money with something highly volatile? ### Answer: That doesn't sound like dollar cost averaging. That sounds like a form of day trading. Dollar cost averaging...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the correct way to report a tender offer fee on my taxes? ### Answer: It is perfectly legitimate to adjust your 1099-B income by broker's fees. Publication 17 (p 116) specifically instructs t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making higher payments on primary residence mortgage or rental? ### Answer: Pay down the lower balance on the rental property. Generally speaking, you are more likely to need/want to sell the rental h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to bank account of non-resident alien who falls out of status? ### Answer: Nothing happens. A bank is a business; your relationship with the bank doesn't change because your visa or immig...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can everyday people profit from unexpected world events? ### Answer: The NYSE is not the only exchange in the world (or even the only one in the USA). Amazingly, the London stock exchange works on Lon...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Unmarried Couple Splitting up with Joint Ownership of Home ### Answer: Because you're not married, its a partnership agreement, and unless there's a written contract, either the two of you agree on ho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I use real estate investments to manage my wealth? ### Answer: Real estate is considered to be its own asset class and one that should be at least a part of a well-diversified portfolio. One o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I can make a budget, but how can I get myself to consistently follow my budget? ### Answer: Lazy man's budget. Four separate accounts for timing of expenses: short (monthly; utilities etc.), medium (...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are prepayment penalties for mortgages normal? ### Answer: Mortgages with a prepayment penalty usually do not charge points as a condition of issue. The points, usually in the range 1%-3% of the amoun...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any risks from using mint.com? ### Answer: With Mint you are without a doubt telling a third party your username and password. If mint gets compromised, or hires a bad actor, technically th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Malaysian real estate: How to know if the market is overheated or in a bubble? ### Answer: I don't buy the "house prices will always increase due to the increased cost of raw materials" argument. In a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why isn't money spent on necessities deductible from your taxes? ### Answer: You could debate the "why"s of tax policy endlessly. There are lots of things in tax law that I think are bad ideas, and pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 401(k) lump sum distribution limited because of highly compensated employees? ### Answer: It's legal. In fact, they are required to do this, assuming you are in fact a HCE (highly compensated employee...
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: Generally speaking, you want to find goods and services that are inelastic and also require oil as a cost. Oil company stocks make record profit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off my credit card online immediately or wait for the bill? ### Answer: It is COMPLETELY no use to pay earlier (during a billing cycle) to better your credit score! Your credit score gets...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does spot-futures arbitrage work in the gold market? ### Answer: You're missing the cost-of-carry aspect: The cost of carry or carrying charge is the cost of storing a physical commodity, such as ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What effect does a company's earnings have on the price of its stock? ### Answer: No, the stock market is not there for speculation on corporate memorabilia. At its base, it is there for investing in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First time consultant, doubts on Taxation ### Answer: 1.If the compensation that I receive is over 10 lakhs, how much would be deducted as tax No tax will be deducted by the company. You have to calcu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Settling before T+3? ### Answer: It is possible but unlikely. Securities firms would prefer never to settle externally; rather, they prefer to wait until the liabilities can be netted. They are force...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What tax can I expect on US stocks in a UK ISA? ### Answer: non-resident aliens to the US do not pay capital gains on US products. You pay tax in your home country if you have done a taxable event in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trading when you work for a market participant ### Answer: There is normally a policy at the organisation that would restrict trades or allow trades under certain conditions. This would be in accordan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where are open-end funds traded? ### Answer: I assume that mutual funds are being discussed here. As Bryce says, open-ended funds are bought from the mutual fund company and redeemed from the fund com...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should you always max out contributions to your 401k? ### Answer: The compound interest argument is a good one. While you are young, it is important to save, since time is on your side for compoundin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The doctor didn't charge the health insurance in time, am I liable? ### Answer: The hospital likely has a contract with your insurance company which makes them obligated to bill the insurance before b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do governments borrow money instead of printing it? ### Answer: My answer is that when confronted with the obvious, the most common human reaction is to seek reasons for it, because things have to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the lifespan of a series of currency? ### Answer: In general, currency has no expiration date. Specifically, in Canada, the Bank of Canada has been issuing banknotes since 1935, and these are ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 1099 versus corporation to corporation for payments? ### Answer: Do not mix personal accounts and corporate accounts. If you're paid as your self person - this money belongs to you, not the corporatio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Homeowners: How can you protect yourself from a financial worst-case scenario? ### Answer: I am lucky enough to have chosen a flexible mortgage that allows me to change payment amounts at certain, ver...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are Exchange-Traded Funds (ETFs) less safe than regular mutual funds? ### Answer: If anything, the price of an ETF is more tightly coupled to the underlying holdings or assets than a mutual fund, beca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good way to save money on car expenses? ### Answer: Can you tell I'm having fun with this question? Here's another great list, from Finally Frugal, which includes the above items, but also ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Clarifications On PFIC Rules ### Answer: Answers: 1: No, Sections 1291-1298 of the IRC were passed in the Reagan adminstration. 2: Not only can a foreign company like a chocolate company fall afoul of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy tires and keep car for 12-36 months, or replace car now? ### Answer: I don't see how anyone could give you a hard-and-fast formula, unless they know where to get some applicable statistics. Becaus...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Net Cash Flows from Selling the Bond and Investing ### Answer: Investopedia has a good explanation of the term shorting which is what this is. In the simplest of terms, someone is borrowing the bond a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can we determine how much income our savings could generate if we purchase an annuity? ### Answer: Annuity calculation formulas can be found here. http://en.wikipedia.org/wiki/Annuity_(finance_the...
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: You raise a good point about the higher marginal rates for 401K but things will be different, in retirement, than they are for you n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options vs Stocks which is more profitable ### Answer: Nearly 3 years ago, I wrote an article, Betting on Apple at 9 to 2 which described a bet in which a 35% move in the stock returned 354% on the op...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a mutual fund did really well last year, then statistically speaking, is it likely going to do bad this year? ### Answer: Nearly all long-lived active funds underperform the market over the long ru...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I value personal use television for donation? ### Answer: I used TurboTax last year. It had a section for donations where it figured out the amounts of the IRS approved values for a donatio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is this investment opportunity problematic? ### Answer: If you can separate the following two points, and live with them. I think you are good to go ahead. Otherwise I would seriously recommend you to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I handle student loans when leaving University and trying to buy a house? ### Answer: Concise answers to your questions: Depends on the loan and the bank; when you "accelerate" repayment of...
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: In addition to all these great answers, check out the Wikipedia entry on options. The most important thing to note from ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are some countries' currencies “weaker”? ### Answer: The answer from littleadv perfectly explains that the mere exchange ratio doesn't say anything. Still it might be worth adding why some currenc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shouldn't a Roth IRA accumulate more than 1 cent of interest per month? ### Answer: The term 'interest' tends to be used loosely when discussing valuation of stocks. Especially when referring to IRAs...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it safe to accept money in the mail? ### Answer: The US Postal Service to my recollection recommends only mailing cash or items with cash-like characteristics using Registered Mail service. Registe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock spread: wide vs. narrow? ### Answer: The point is that the bid and ask prices dictate what you can buy and sell at (at market, at least), and the difference between the two, or spread, contribut...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Possible to use balance transfers to avoid interest with major credit cards? ### Answer: I have done this for years and have been quite successful at it. Two reason I even need to do this - desire to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much in cash equivalents should I keep in the bank? [duplicate] ### Answer: In personal finance circles this is called an Emergency Fund. There are many opinions about how big it needs to be but m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a formula to use to analyse whether an investment property is a good investment? ### Answer: I know of no generic formula for determining if an investment property is a good investment, besid...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Index fund that tracks gold and other commodities ### Answer: Barclays offers an iPath ETN (not quite an ETF), DJP, which tracks the total return of the Dow Jones-AIG Commodity Index. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between fund and portfolio? ### Answer: Oddly enough, in the USA, there are enough cost and tax savings between buy-and-hold of a static portfolio and buying into a fund that a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best source of funding to pay off debt? ### Answer: First of all a big thumbs up for Ben's answer. A few small things you can do to help you on your way. Hopefully you are not more in d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Living in my own rental property ### Answer: When you live in your own rental property, it no longer counts as your 'rental property'. It becomes your own living property and legally you cannot get ta...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Live in Oregon and work in Washington: Do I need to file Oregon state taxes? ### Answer: Yes. Here's the answer to this question from oregon.gov: 3. I am moving into Oregon. What income will be taxed ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can housing prices rise faster than incomes in the long run? ### Answer: When over the long term housing costs in a area rise faster than wages rise, the demographic of who lives in the area changes. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Online Foreign Exchange Brokerages: Which ones are good & reputable for smaller trades? ### Answer: For "smaller trades", I'm not sure you can beat FXCM.com, a large, dedicated FX trading shop with ex...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Impact of EIN on taxation ### Answer: Is it possible if (After getting EIN) I change my LLC type (disregarded entity or C type or S type or corporation or change in number of members) for tax savi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 18 year old making $60k a year; how should I invest? Traditional or Roth IRA? ### Answer: In asnwer to your questions: As @joetaxpayer said, you really should look into a Solo 401(k). In 2017, this al...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tenant wants to pay rent with EFT ### Answer: You can consider opening accounts either in Paypal or Google Wallet. In this way, you link your bank information to these accounts and the only informatio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a “Junk Bond”? ### Answer: A "junk bond" is one that pays a high yield UP FRONT because there is a good chance that it could default. So the higher interest rate is necessary to try to compens...
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: I don't know of a situation where rejecting a raise would make sense. Often, one can be in a phaseout of some benefit, so that even though y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay off car or use money for down payment ### Answer: Break the transactions into parts. Go to your bank or credit union and get a loan commitment. When applying for loan get the maximum amount they w...
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: In your situation I suggest: In terms of what to spend it on, one tax preparer I knew said he would ask his wealthy clients (ones with re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Higher returns from international markets? ### Answer: I went to Morningstar's "Performance" page for FUSEX (Fideltiy's S&P 500 index fund) and used the "compare" tool to compare it with FOSFX and FWW...