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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Commencing a Pension from an SMSF ### Answer: No. Disclaimer - As a US educated fellow, I needed to search a bit. I found an article 7 Common SMSF Pension Errors. It implied that there are minimum pay...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 1.4 million cash. What do I do? ### Answer: For what it's worth, the distribution I'm currently using is roughly ... with about 2/3 of the money sitting in my 401(k). I should note that this is actual...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to invest to become millionaire? ### Answer: If your take-home salary after taxes etc is 35K / year, and you say you will be able to save at most 40% of that, you will need to find something...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are spot market ,regular market and ready market same in stock trading if not then what is the difference? ### Answer: So, the term "ready market" simply means that a market exists in which there are ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a freelancer get a credit card? (India) ### Answer: I don't know about India, but here in the US banks, and more friendly institutions such as credit unions, use to offer the option of a 'secu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any issues with registering an LLC in a foreign state? ### Answer: No, there are no issues. When you form the corp in DE, you pick a business there to serve as your "agent" (essentially som...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I participate in trading Facebook shares on their IPO day from any brokerage? ### Answer: Any retail equity brokerage will give you access to the NYSE, and thus Facebook shares as they become avai...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to record a written put option in double-entry accounting? ### Answer: Because you've sold something you've received cash (or at least an entry on your brokerage statement to say you've got cash) ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Transfer from credit to debit ### Answer: As revised, the answer is still that you're asking the wrong question. If your father wants to make money available on your debit card, all he has to do is d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I negotiate a lower salary to be placed in a lower tax bracket? ### Answer: No. In a marginal tax system, only additional dollars that push you into a higher bracket are taxed at that higher r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Algorithmic trading in linux using python ### Answer: I don't think any open source trading project is going to offer trial or demo accounts. In fact, I'm not clear on what you mean by this. Are you l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay off credit card debt or earn employer 401(k) match? ### Answer: A matching pension scheme is like free money. No wait, it actually IS free money. You are literally earning 100% interest rate on th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should one structure a portfolio given the possibility that a Total Stock Market Index might decline and not recover for a long time? ### Answer: Here are a few things that you could try. But note...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When a stock price goes down, does the money just disappears into thin air? ### Answer: At any given time there are buy orders and there are sell orders. Typically there is a little bit of space betw...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are stocks having less institutional investors a “good thing”? ### Answer: Its pretty much always a positive to have large institutional investors. Here's a few cases where I can see an argument a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can used books bought off Amazon be claimed as a tax deduction in Australia? ### Answer: VAT = Value Added Tax (as an Aussie think "GST") This is applicable in Britain. Basically, if you were in Brita...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any banks with a command-line style user interface? ### Answer: Some banks would allow you to export your transactions as CSV (they call it Excel export, but in many cases it's actually just...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can we estimate the impact of a large buy order on the share price? ### Answer: There are two distinct questions that may be of interest to you. Both questions are relevant for funds that need to buy ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does material nonpublic information cover knowledge of unannounced products? ### Answer: There's the question whether knowledge about unannounced products is actually "material" if everyone (the publi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the USA have a Gold reserve? ### Answer: According to the US Mint, the Government does still have a gold reserve stored mostly in Fort Knox in Kentucky, but there is some in New York and Colorado...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is this type of risk-free investment called? ### Answer: This is what is called a Structured Product. The linked page gives an overview of the relative pros and cons. They tend to hold the bulk...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Money market account for emergency savings ### Answer: I think it's only a choice of terminology. Typically with a money market account has check-writing privileges whereas a savings account does not...
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: Why do people keep talking about 401K's at work? That is NOT dollar cost aver...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: To pay off a student loan, should I save up a lump sum payoff payment or pay extra each month? ### Answer: As someone in the very same position as you here is what I suggest: Have $1,000 for each poss...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do with south african currency free fall ### Answer: Transfer your savings to a dollar-based CD. Or even better, buy some gold on them. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there Cashflow Positive Investment Properties in the USA? ### Answer: Americans are snapping, like crazy. And not only Americans, I know a lot of people from out of country are snapping as well, s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who can truly afford luxury cars? ### Answer: I'll read between the lines: you're (justifiably) feeling smart about how you manage your money: debt-free, smart about your spending, saving for retireme...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do you know of any online monetary systems? ### Answer: Edit: I discovered Bitcoin a few months after I posted this answer. I would strongly recommend anyone interested in this question to review it, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Legitimate unclaimed property that doesn't appear in any state directory? ### Answer: You can't blame companies like 'Legal Claimant Services' for making a profit by providing this service. That is ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't people generally save more of their income? ### Answer: If one takes a slightly more expansive view of the word "saving" to include most forms of durable asset accumulation, I think the reas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I buy IPO stock during the pre-market trading on the day of IPO? ### Answer: The first moment of trading usually occurs even later than that. It may take a few hours to balance the current buy/sel...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I treat the income from an ESPP I sold now that I am a non-resident alien? ### Answer: That's a tricky question and you should consult a tax professional that specializes on taxation of non-res...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Unable to understand logic behind why there is no exit load on liquid fund ### Answer: Imagine that a fund had a large exit load that declined over several years. If you wanted to sell some or all of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Complete Opposite Calculations and Opinions - Using Loan to Invest - Paying Monthly Installments with Monthly Income ### Answer: Sorry in advance, but this will be long. Also, it sounds like your fri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Since many brokers disallow investors from shorting sub-$5 stocks, why don't all companies split their stock until it is sub-$5 ### Answer: A stock split can force short sellers of penny stocks to cov...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: UK limited company and personal bank account ### Answer: I don't think there is a legal requirement that you need a separate bank account. Just remember that you can only take money from your LLC as s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Income At the Sell or Reception? ### Answer: It looks like fair-market value when you receive your virtual currency is counted as income. And you're also subject to self-employment tax on that income....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Estate taxes and the top 1 percent by net worth ### Answer: Of course, you've already realized that some of that is that smaller estates are more common than larger estates. But it seems unlikely tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Treatment of web domain ownership & reselling for tax purposes: Capital asset, or not? ### Answer: As others have said, please talk to a professional adviser. From my quick research, domain names can ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with $4,000 cash and High Interest Debt? ### Answer: Patti - I realize, of course, that you pose an either/or question. It seems the question closes the door on other potential soluti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In US, is it a good idea to hire a tax consultant for doing taxes? ### Answer: Good tax people are expensive. If you are comfortable with numbers and computers, you can do it better yourself. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off my car loan within the year? ### Answer: Contrary to popular belief, you can build your credit (if that is important to you) without paying a penny in interest. This is done through ...
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: Lots of good advice so far. Here's some meta-advice. Read through everything here twice, and distill out what the big picture ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculating NPV for future cash inflows ### Answer: When calculating the NPV, is there anything I need to do in between the project start date outlay (Nov 2017), and the first cash inflow (July 2019)....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does the Brexit cause a fall in crude oil prices? ### Answer: Uncertainty has very far reaching effects. Oil is up ~100% since February and down ~40% from it's 52 week high (and down even more o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Good book-keeping software? ### Answer: You can try manager.io. It has a desktop, cloud and server edition that should fit your needs. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What accounted for DXJR's huge drop in stock price? ### Answer: Imagine you have a bank account with $100 in it. You are thinking about selling this bank account, so ask for some bids on what it's wor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I find a Third Party Administrator for a self-directed solo 401K? ### Answer: You setup a self-directed solo 401k by paying a one time fee for a company to setup a trust, name you the sole t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best way for for soon to turn 18 to learn about money? ### Answer: Do you have a smart phone? Check out the Clark Howard Podcast. I listen every day. Of course you can listen from your computer bu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What gives non-dividend stocks value to purchasers? [duplicate] ### Answer: Dividends are not fixed. A profitable company which is rapidly expanding, and thus cash-strapped may very well skip dividend...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I charge my children interest when they borrow money? ### Answer: Parents are eminently capable of gifting to their children. If it's a gift call it a gift. If it's not a gift, it's either a l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How websites like Google have access to stock market data? ### Answer: At the bottom of Yahoo! Finance's S & P 500 quote Quotes are real-time for NASDAQ, NYSE, and NYSE MKT. See also delay times for...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Put Option Pricing ### Answer: Standard options are contracts for 100 shares. If the option is for $0.75/share and you are buying the contract for 100 shares the price would be $75 plus commission. So...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: does interest payment on loan stay the same if I pay early ### Answer: The typical case would be - as you expected - that the interest goes down equally dramatically, and you would pay much less inter...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do I see multiple trades of very small quantities? ### Answer: Or it could be a Robinhood user just messing around with their free commissions. I've seen "people that work for organizations" and o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't house prices be out of tune with salaries ### Answer: I'd suggest changing the subject when your friends talk about real estate to save your sanity and friendship. There's a difference betw...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does Yahoo finance adjust stock data for splits and dividends? ### Answer: For stock splits, let's say stock XYZ closed at 100 on February 5. Then on February 6, it undergoes a 2-for-1 split and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How safe is a checking account? ### Answer: While Rocky's answer is correct in the big picture there is another factor here to keep in mind: The disruption while you're waiting to resolve it. If a fra...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why not pay in full upfront for a car? ### Answer: In general I'd say, yeah, if you can pay cash, pay cash. If you pay cash, then by definition you pay zero interest. If you get a loan, you'll pay int...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does “100% stock dividend” mean? ### Answer: Simply put, 100% stock dividend is 1:1 or 1 for 1 bonus share, as explained above, if you held 100 shares after 1:1 bonus you would have 200 shares (1...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strategy for investing large amount of cash ### Answer: Getting the right diversity of investments helps buffer you from some of the short term market swings. If you need advice it's worth spending a ...
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: Given a routing number / account number, it's easy to print a check with those details. All you need is a MICR font. No EFT needed. I would recommend th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Highest market cap for a company from historical data ### Answer: Everything would depend on whether the calculation is being done using the company's all-time high intraday trading price or all-time ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a market maker sell (buy) at a bid or ask price? ### Answer: EVERYONE buys at the ask price and sells at the bid price (no matter who you are). There are a few important things you need to unders...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I transfer my investment property into a SMSF? ### Answer: Regarding transferring a residential investment property into your SMSF, no you cannot do it. You cannot transfer residential property in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you find out who the investors are in a U.S. stock? e.g. how ownership may be concentrated? ### Answer: Companies absolutely know who ALL their shareholders are. Ownership is filed on Form 3/4 ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Multiple people interested in an Apartment ### Answer: I'm surprised by all these complicated answers. Yes @Victor, you can create a form that asks people to put down their financial information but y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I've tracked my spending and have created a budget, now what do I do with it? ### Answer: I think the answers you're going to receive are all going to be a bit subjective. Looking at it from a high-le...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm 20 and starting to build up for my mortgage downpayment, where should I put my money for optimal growth? ### Answer: The highest growth for an investment has historically been in stocks. Investing...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is Insider Trading Illegal? ### Answer: I'm surprised at the tone of the answers to this question! Trading with insider information is corruption and encourages fraud. As in many areas, there's an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Am I liable for an auto accident if I'm a cosigner but not on the title, registration, or insurance policy? ### Answer: It might be possible to sue you successfully if someone brought evidence that yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to be subject to cash withdrawal even if you don't use ATM? ### Answer: Probably not. I say probably because your credit card's terms of service may treat certain purchases (I'm thinkin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is “folio” an acceptable contraction of “portfolio”? ### Answer: Technically, no. According to the dictionary, a folio is a single sheet, and a portfolio is a folder or case for keeping your folios. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Capital Gains in an S Corp ### Answer: These are all factually correct claims. S-Corporation is a pass-through entity, so whatever gain you have on the corporate level - is passed to the shareholders....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mortgage or not? ### Answer: Better in terms of what? less taxes paid? or more money to save for retirement? In terms of retirement, it would be better for you to keep the condo you currently have for...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the tax levied against stock portion cashed out of 401k? ### Answer: You pay tax on the entire amount, not just the capital gains. When cashing out such a plan you would pay the top marginal...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a SIM only cell phone contract help credit rating? ### Answer: I'm not sure if there are nuances between countries and appreciate your question is specifically about the US, but in the UK, mobile...
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: Growth is how well the investment will grow on average. In the long term, this is a sure thing. Volatilit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are assets lost in a bankruptcy valued at the time of loss, or according to current value? ### Answer: You are not the person or entity against whom the crime was committed, so the Casualty Loss (thef...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any Experience with the Gone Fishin' Portfolio? ### Answer: Yes, the "based on" claim appears to be true – but the Nobel laureate did not personally design that specific investment portfolio ;-) It lo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: (Theoretical) Paying credit cards with other credit cards ### Answer: A "balance transfer" is paying one credit card with another. You probably get offers in the mail to do this all of the time. As ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does U.S. tax code call for small business owners to count business purchases as personal income? ### Answer: I am going to keep things very simple and explain the common-sense reason why the accounta...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Amazon's offer of a $50 gift card a scam? ### Answer: a free $50 looks too good to be true. As others already pointed out, these offers are common to many cards that want you to build loyalty towar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I file taxes or Incorperate a personal project? ### Answer: There are two reasons for incorporating a business in Canada - limiting liability and providing some freedom in structuring your taxe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 28 years old and just inherited large amount of money and real estate - unsure what to do with it ### Answer: We don't have a good answer for how to start investing in poland. We do have good answers...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Easiest way to diversify savings ### Answer: Are there banks where you can open a bank account without being a citizen of that country without having to visit the bank in person? I've done it the othe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: New car: buy with cash or 0% financing ### Answer: If you don't have other installment loans on your credit report, adding this one could help your credit. That could potentially help you get a better...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Different ways of looking at P/E Ratio vs EPS ### Answer: You could not have two stocks both at $40, both with P/E 2, but one an EPS of $5 and the other $10. EPS = Earnings Per Share P/E = Price per ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I get a dividend “free lunch” by buying a stock just before the ex-dividend date and selling it immediately after? [duplicate] ### Answer: There are indeed various strategies to make money from th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Separated spouse filed for SNAP benefits as single. Does this affect ability to file taxes jointly? ### Answer: The IRS isn't going to care how you filed for benefits - they're effectively the high ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to find a reputable company to help sell a timeshare? ### Answer: The one thing I would like to add to Ben's answer is that you will be lucky to get out of this with no proceeds. So that 30-40K ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a public company not initiate secondary stock offerings more often? ### Answer: What prevents a company from doing secondary public stock offerings on regular basis? The primary goal of a co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the benefits of investing in mutual funds? ### Answer: Invest in mutual funds for these reasons. Diversification. Mutual funds give you an efficient way to diversify your portfolio, without h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculate investment's interest rate to break-even insurance cost [duplicate] ### Answer: You are comparing a risk-free cost with a risky return. If you can tolerate that level of risk (the ups and do...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When people say 'Interest rates are at all time low!" … Which interest rate are they actually referring to? ### Answer: I would say people are generally talking about the prime lending rate. I have he...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: car purchase loan versus car collateral loan ### Answer: Generally speaking personal loans have higher rates than car loans. During fairly recent times, the market for car loans has become very compe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are capital gains taxed at a lower rate than normal income? ### Answer: There are many reasons, which other answers have already discussed. I want to emphasize and elaborate on just one of the rea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will a credit card issuer cancel an account if it never incurs interest? ### Answer: Credit card companies are businesses. Businesses will make any decision that makes them money. So does it make them...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Optimal term/number of months for car finance or lease? ### Answer: If you have the money to pay cash for the car. Then 0 months will save you the most money. There are of course several caveats. The ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm 13. Can I buy supplies at a pet store without a parent/adult present? ### Answer: I had a cat growing up--most of the time I was the one who got her supplies. It was never an issue. ###end