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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying off loans early, or is there some way to reduce extortionate interest charges? ### Answer: It really depends on the terms of your loan. For example, some loans have a pre-payment penalty. You w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Acquiring first office clothes ### Answer: Sounds like you're a man, so you're in luck. Our formalwear all looks similar enough that you can get by on a very short rotation. You can buy 1 pair of dece...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shorting Stocks And Margin Account Minimum ### Answer: The margin money you put up to fund a short position ($6000 in the example given) is simply a "good faith" deposit that is required by the broker...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to interpret a big ask size? ### Answer: Yes, but it must be remembered that these conditions only last for instants, and that's why only HFTs can take advantage of this. During 2/28/14's selloff ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Whether to prepay mortgage or invest in stocks ### Answer: In all likelihood, the best thing you can do, if these really are your only two options (ie no other debt at all), paying-down your mortgage ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: German stock exchange, ETR vs FRA ### Answer: I still can't understand why there is a price discrepancancy. There isn't. It's the same stock and price differences between such major exchanges will al...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Retirement Savings vs. Student Loan payments ### Answer: You can play with the numbers all you like (and that's good), however, here is a different way to look at it. The debt you have is risk. It li...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dispute credit card transaction with merchant or credit card company? ### Answer: You should dispute the transaction with the credit card. Describe the story and attach the cash payment receipt, and d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options revisited: Gold fever ### Answer: gold is incredibly volatile, I tried spreadbetting on it. During the month of its highest gain, month beginning to month end, I was betting it would go up - ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth it to buy TurboTax Premier over Deluxe if I sold investments in a taxable account? ### Answer: I have found that using the online version can help determine the correct product. Try Delux...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing in dividend-yielding stocks with money borrowed from margin account? ### Answer: I wouldn't recommend leveraged dividend fishing. Dividend stocks with such high dividends are highly volatile...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to send money from europe to usa EUR - USD? ### Answer: PayPal. Or even Western Union or MoneyGram. Despite their fees, there is a reason those companies are still in business. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the fractional-reserve banking not a Ponzi scheme? ### Answer: It is possible to pay down debt (including interest) without issuing new debt money to pay for it. I think this is the heart of yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a Master Limited Partnership (MLP) & how is it different from plain stock? ### Answer: I own a few MLPs that operate oil/gas pipelines (TSE:IPL-UN, NYSE:BPT, NYSE:APL), and I'm very happy with...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is an ideal number of stock positions that I should have in my portfolio? ### Answer: There is no ideal number of stocks you should own. There are several factors you should consider though. Firs...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate tax amounts withheld on mixed pre-tax and Roth 401(k) contributions, and match? ### Answer: When you adjust your investments the following will happen: Initial condition: Modified con...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When I ask a broker to buy stock, what does the broker do? ### Answer: Here are a couple of articles that can help highlight the differences between a broker and an online investment service, which se...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Clarification on options jargon regarding spreads ### Answer: Yes. It seems to me you got it right. On my site, Stock Options Cafe, my last post was an illustration of a bullish call spread. In this ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people buy stocks that pay no dividend? ### Answer: Instead of giving part of their profits back as dividends, management puts it back into the company so the company can grow and produce highe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people buy new cars they can not afford? ### Answer: If everyone bought used cars, who would buy the new cars so that everyone else could buy them used? Rental car companies? Your rant expresse...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What options do I have at 26 years old, with 1.2 million USD? ### Answer: If you can still work, I think a very good course of action would be to invest the majority of the money in low-cost index fun...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do banks encourage me to use online bill payment? ### Answer: It’s more convenient for both you and the bank; its much simpler to handle things electronically than it is to go through paperwork. A...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When is Cash Value Life Insurance a good or bad idea? ### Answer: Here's what I'd consider: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who could afford a higher annual deductible who couldn't afford a higher monthly payment? ### Answer: Your title question, Who could afford a higher premium who couldn't afford a higher monthly paymen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do credit card payments work? What ensures the retailer charges the right amount? ### Answer: When you give your credit card number and authorize a merchant to charge your credit card, the merchan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I deduct equipment expenses for a job I began overseas? ### Answer: A computer is a special case because the IRS thinks that you might be using it for personal applications. You may need to kee...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which brokerages offer the best streaming quotes (tick level) for the best price? ### Answer: I have ScottradeElite on my desktop. I have played around with it but no longer use it. The transactions t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to request ACH Direct DEBIT of funds from MY OWN personal bank account? ### Answer: Call Wells Fargo or go to a branch. Tell them what you're trying to accomplish, not the vehicle you think you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Company asking for card details to refund over email ### Answer: Personally, I would just dispute this one with your CC. I had a situation where a subscription I had cancelled the prior year was bill...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can one protect oneself from a dividend stock with decreasing price? ### Answer: If by saying you wish to invest "for the long term 5-10 years" I take it you mean to hold a stock for between 5-10 ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I Pay Off my Student Loan Debts First or Invest in an Index Fund? ### Answer: Pay off the debt first. Life circumstances change without notice, and starting any stage of life with a debt puts ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using a cash account can someone trade all day on it? ### Answer: No, you cannot. The cash settlement period will lock up your cash depending on the product you trade. Three business days for stocks,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Condo Purchase - Tax Strategies [US] ### Answer: If it's a rental, you will write off the losses via Schedule E. You should read this document and its instructions to understand this fully. You will a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some time tested passive income streams? ### Answer: Renting a house out using a management company is mostly passive income. Earning affiliate income from companies that pay on a recurring b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate the number of months until a loan is paid off (given principal, APR and payment amount)? ### Answer: Here is the derivation of the formula, with The loan is equal to the sum of the re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I fold side-income into our budget so my husband doesn't know? ### Answer: Maybe you can just hang onto the cash and upgrade the things you buy for cash now a bit. Buy the better cut of meat, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a time limit to cover an open short position? [duplicate] ### Answer: There are situations where you can be forced to cover a position, particular when "Reg SHO" ("regulation sho") is activat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to all of the options when they expire? ### Answer: Firstly "Most option traders don't want to actually buy or sell the underlying stock." THIS IS COMPLETELY UTTERLY FALSE Perhaps the pro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advice for a college student interested in investment opportunities. ### Answer: Put it in a Vanguard fund with 80% VTI and 20% VXUS. That's what you'll let set for 10-15 years. For somebody that is t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Reporting software subscriptions ### Answer: Generally prepaid services should be capitalized over the period prepaid. But if it is up to a year - you can just expense them. As to the technicalities -...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How high should I set my KickStarter funding goal in order to have $35,000 left over? ### Answer: I think you might be missing something important here. If you are running a business, then any expense...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to borrow money to accrue interest, and then use that interest to pay back the borrower + fees? ### Answer: There are many flaws with your idea. Say I want to borrow $225,000.00 to accr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Books, Videos, Tutorials to learn about different investment options in the financial domain ### Answer: Investopedia does have tutorials about investments in different asset classes. Have you read th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a benefit, long term, to life insurance for a youngish, debt, and dependent free person? ### Answer: As others have said, if you don't have dependents, there's little need for life insurance....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Possibility of donations in an educational site ### Answer: You can have a way for people to pay, i.e. some kind of payment gateway. Run as Business: Best create a company and get the funds there. Thi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a standard check format in the USA? ### Answer: Nope, anything is that has the required information is fine. At a minimum you need to have the routing number, account number, amount, "pay to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do banks give us interest even for the money that we only had briefly in our account? ### Answer: Ditto @MichaelBorgwardt Just to get concrete: I just checked one bank in India and they say they are p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does my checking/savings account offer a higher interest rate than a standalone savings account? ### Answer: The key is that you need to use your debit card to earn the higher interest rate. The b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock market transaction cost calculation ### Answer: An order is your command to the broker to, say, "sell 100 shares of AAPL". An executed order (or partially executed order) is when all (or some) o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I collect receipts after paying with a card? ### Answer: It is probably safe to throw away the receipt. Without a system to process and store receipts, they are of little use. With regards to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Comparing/reviewing personal health insurance plans for the self-employed ### Answer: I was in your situation a few years ago and I discovered something that worked perfectly for me - a local health i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing in stocks with gross income (not yet taxed) cash from contract work? ### Answer: In most jurisdictions, you want to split the transactions. Why? Because you want to report capital gains on y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: why if change manufacturing of a product not change the price for the buyer? ### Answer: In highly developed and competitive industries companies tread a continuous and very fine line between maximisi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate my estimated taxes. 1099 MISC + Self Employment ### Answer: One way to do these sorts of calculations is to use the spreadsheet version of IRS form 1040 available here. This is provi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Income Tax form in India for freelancing ### Answer: ITR1 or ITR2 needs to be filed. Declare the income through freelancing in the section "income from other sources" ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I judge loan availability? ### Answer: It sounds like your current loan is in your name. As such, you are responsible for paying it. Not your family, you. It also sounds like the loan payments...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Good book-keeping software? ### Answer: Best Linux software is PostBooks. It is full double entry, but there is definitely a learning curve. For platform-agnostic, my favorite is Xero, which is web-b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ongoing things to do and read to improve knowledge of finance? ### Answer: I've found Pragmatic Capitalism very helpful. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with the change in my change-jar? ### Answer: Are you in an occupation that regularly collects change or is this change left in your pocket at the end of the day? Here in the US it is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: taxes, ordinary income, and adjusted cost basis for RSUs ### Answer: The sale of shares on vesting convolutes matters. In a way similar to how reinvested dividends are taxed but the newly purchased fu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you quantify investment risk? ### Answer: The question is: how do you quantify investment risk? As Michael S says, one approach is to treat investment returns as a random variable. Bill Goetzma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How did historical high tax rates work in practice? ### Answer: I remember in the 19th and early 20th century was the problem of Trusts set up by the wealthy to avoid taxes (hence the term "Anti-Trust...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy on dip when earnings fail? ### Answer: What is cheap? A stock may fall from $20 per share to $10 per share, but it may have gone from making a $100M profit last year to a $100M loss this year. So ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Cost of Living overstated? ### Answer: I do not believe there is a strong correlation between CPI (Consumer Price Index) and housing value appreciation. Take, for example, New York City which has t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it true that Income Tax was created to finance troops for World War I? ### Answer: Income tax was seen as a way to exploit the revenues available from the rapidly expanding ranks of people with mid...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: One of my stocks dropped 40% in 2 days, how should I mentally approach this? ### Answer: If you own the stock today, it doesn't matter what it traded for yesterday. If XYZ is trading for $40 and you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How could strike price for new shares be higher than the market price ### Answer: Berkshire Hathaway issues first ever-negative coupon security from back in 2002 had this part: The warrants will give ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When is the best time to put a large amount of assets in the stock market? ### Answer: I have been considering a similar situation for a while now, and the advice i have been given is to use a concept...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are shares used, and what are they, physically? ### Answer: If you are particularly interested in the share certificate artifacts themselves, there is a collection hobby in paper share certificate...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay more than 20% down on a home? ### Answer: I'd stick with 20% down. Truth is - we don't know enough about you. Are you single and staying that way? How is your retirement savings doing? As...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I calculate the dwelling coverage I need from the information I have? ### Answer: You can't compare the different quotes unless they have the same numbers to work with. The big companies should...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can mutual fund prices have opening gaps? Might my order to be filled at a higher price? ### Answer: Mutual funds don't work like stocks in that way. The price of a mutual fund is set at the end of ea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When does selling (writing) options count for tax purposes? ### Answer: Generally speaking, you realize options gains or losses for (US) tax purposes when you close out the option position, or when it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: German stock exchange, ETR vs FRA ### Answer: I stumbled on the same discrepancy, and was puzzled by a significant difference between the two prices on ETR and FRA. For example, today is Sunday, and g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why have I never seen a stock split? ### Answer: You haven't seen one because you haven't looked for one properly. You can set a google alert for stock split and get information about major issues spl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paid cash for a car, but dealer wants to change price ### Answer: I'm sorry to hear you've made a mistake. Having read the contract of sale we signed, I do not see any remedy to your current situation...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I prepare for the next financial crisis? ### Answer: Those ‘crises’ are only an issue if you need your savings during the time of crisis. If you have time to sit it out, you should just do ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with my money? ### Answer: My advice would be to invest that 50k in 25% batches across 4 different money markets. Batch 1: Lend using a peer-to-peer account - 12.5k The interest rates...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do stock prices drop due to dividends? ### Answer: The Paragraph talks about dividends given by Mutual Funds. Say a fund has NAV of $ 10, as the value of the underlying security grows, the value of th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does BlackRock's XIN page show XIN as having only 1 holding? ### Answer: On BlackRock's XIN page under Key Facts it says the number of holdings as 1. Looking at the top 10 holdings shows EFA as th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a limit on the dollar amount of a personal check? ### Answer: Because of the way checks are processed, you can't write a check for $100 million or more: http://www.bankingquestions.com/checks...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I invest for the Short Term and protect against Inflation? ### Answer: Your goals are mutually exclusive. You cannot both earn a return that will outpace inflation while simultaneously havi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to know if two ETFs are 'substantially identical' according to wash sale rules? ### Answer: Nobody knows for sure what "substantially identical" means because the IRS hasn't officially defined it....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will anything happen to me if the AMT is not re-established before 2011? ### Answer: According to pages 6 & 7 of the instructions for form 1040 in 2009 AMT was only temporarily patched for the year. C...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What prevents investors from buying high yield stocks and selling them as soon as their dividend is paid out? ### Answer: This investment strategy may have tax advantages. In some countries, income re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Clarify Microsoft's explanation of MIRR ### Answer: The value does change from 12.61% to 13.48%. The difference between re-investing cashflows at 14% vs 12% is not big enough to change the rounded val...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: List of Investments from safest to riskiest? ### Answer: With every caveat that Rick said plus many many more lets have some fun. One common way to measure risk is volatility of returns roughly how m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate cash loss over time? ### Answer: While it is a true loss, as you've determined, is not a cash cost, per se. A cash cost would be a decrease in cash holdings. Inflation does not take ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Cash out 401k for house downpayment ### Answer: Does it ever make sense? Yes, but almost never. If you're in a situation where you're invested in something with low rates (think government securities...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Lump sum annuity distribution — do I owe estate tax? ### Answer: If you are the beneficiary of an annuity, you might receive a single-sum distribution when the annuity owner dies. The amount of this d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any disadvantages to DHA Investment Properties? ### Answer: A quick online search for "disadvantages of defence housing australia investment properties" turns up a several articles that list...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: W-4 and withholding taxes for self-employed spouse ### Answer: With your income so high, your marginal tax rate should be pretty easy to determine. You are very likely in the 33% tax bracket (married...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If stock price drops by the amount of dividend paid, what is the use of a dividend ### Answer: Victor, Yes the drop in price does completely cancel the dividend at first. However, as others have noted...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making a big purchase over $2500. I have the money to cover it. Should I get a loan or just place it on credit? ### Answer: You want to know if you should pay cash or use a credit card like cash? Ther...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is trading stocks easier than trading commodities? ### Answer: I would not argue if its more difficult, its different, and it much depends what kind of stocks you refer to, i take large caps as exampl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How exactly does a country devalue its currency? ### Answer: Does some official tell the Foreign Exchange the the new exchange rate for the yuan is 0.98 * the current exchange rate? For China (and oth...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Rate of change of beta ### Answer: If you do not need it for a day or a week or something like that, an easy thing to do to get the beta of a security is to use wolframalpha. Here is a sample query: ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How smart is it really to take out a loan right now? ### Answer: I think it's smart. It's the same game, just stiffer regulations, so your lender will ask more from you. Buy if you... If someone has b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay my Education Loan or Put it in the Stock Market? ### Answer: I read your question that you have a comfortable amount toward retirement. If not, pad your retirement accounts if possible. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does Robinhood stock broker make money? ### Answer: Disclosure: I don't have an iPhone, so I don't use RobinHood. That being said, I have a less "they're-out-to-get-ya" view of what they're doing...