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FinQA

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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does dollar cost averaging really work? ### Answer: If you know with 100% certainty what the market will do, then invest it all at the best time. If not, spread it out over time to avoid investing it ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should we park our money in our escrow account? ### Answer: You should talk to a financial fiduciary (make sure they are a fiduciary, not all planners are) about investing your money. Even ultra safe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off my 50K of student loans as quickly as possible, or steadily? Why? ### Answer: Here's my take on it (and quite a few people might disagree) - student loans aren't bankruptable, so they...
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: There are a couple of misconceptions I think are present here: Firstly, when people say "interest", usually that imp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what price are dividends re-invested? ### Answer: If a stock is trading for $11 per share just before a $1 per share dividend is declared, then the share price drops to $10 per share immediately fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What kind news or information would make the price of a stock go up? ### Answer: There is a highly related question which is much easier to answer: what normally value-increasing news about a company ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the most common and profitable investment for a good retirement in Australia? ### Answer: In Australia anyone thinking about retirement should be concentrating on superannuation. Contribution ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are junk bonds advisable to be inside a bond portfolio that has the objective of generating stable income for a retiree? ### Answer: Junk Bonds (aka High Yield bonds) are typically those bonds from is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I trade more than 4 stocks per week equally split between two brokers without “pattern day trading” problems? ### Answer: No, if your brokers find out about this, even though it is unlikely, you w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is this Employee Stock Purchase Plan worth it when adding my student loan into the equation? ### Answer: In many ESPP programs (i.e. every one I've had the opportunity to be a part of in my career), y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does it take so long to refund to credit card? ### Answer: The holdup is from the merchant. To protect themselves, a merchant requires payment before giving you your purchased item/service. That ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will I be turned down for a car loan? ### Answer: Considering I'm putting 30% down and having my father cosign is there any chance I would be turned down for a loan on a $100k car? According to Bank...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is “financial literacy” and how does one become “financially literate”? ### Answer: Financial Literacy is about learning about finance and money and how to use and manage them to give you better ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible for me to keep my credit card APR at 0% permanently? ### Answer: Banks are in it to make money. But they're expected to provide a social good which powers our economy: secure money stor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would anyone want to pay off their debts in a way other than “highest interest” first? ### Answer: One reason to not do that is if you consider that one of the loans is at risk of being called in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do UK Gilts interest rates and repayments work? ### Answer: The name of the Gilt states the redemption date, but not the original issue date. A gilt with 8.75% yield and close to its redemption da...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: New or Used Car Advice for Recent College Grad ### Answer: 17.5 thousand miles/year is pretty high mileage. You could find an Accord or Civic of comparable age with much lower mileage than that, and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Moving my online only business to the USA? ### Answer: You don't need a Visa to create or own US property. Your registered agent will be able to take care of most of this, and your new entity will use...
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: I have money withdrawn near when the bill is due (not early at all) and my credit score is top-notch. It's far, fa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock not available at home country nor at their local market - where should I buy it ### Answer: Theoretically, it shouldn't matter which one you use. Your return should only depend on the stock ret...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I go about finding an honest & ethical financial advisor? ### Answer: I think the other answers raise good points. But to your question, "How do I find an honest financial adviser" ask your fr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to rebalance a portfolio without moving money into losing investments ### Answer: If you are making regular periodic investments (e.g. each pay period into a 401(k) plan) or via automatic investme...
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: With this level of income, you might consider a Solo 401(k). It would allow you a much higher level of contrib...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is candlestick charting an effective trading tool in timing the markets? ### Answer: From what I have read from O'Neil to Van Tharp, etc, etc, no one can pick winners more than 75% of the time regardl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How big of a mortgage can I realistically afford? ### Answer: My primary concerns. There seems to still be a fair bit of distressed property (forclosures etc) on the market at current, which might wel...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do with an expensive, upside-down car loan? ### Answer: Does the full time PHD student extend to 70-80 hours/week or more? If not, can you pick up an extra job to aid with living expenses? Als...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Refinance a land loan into a mortgage loan ### Answer: The Answer is yes according to multiple online sources and my local bank. This approach is a common technique to building your own home. You fina...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have $10,000 sitting in an account making around $1 per month interest, what are some better options? ### Answer: I disagree with most of the answers here so far because they are either too risky or...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Start a Holding Company? ### Answer: If you are trying to invest in closely held / private companies (things that don't trade on the stock market), you will run into a variety of regulatory problems. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are Investment Research websites worth their premiums? ### Answer: Anyone who claims they can consistently beat the market and asks you to pay them to tell you how is a liar. This cannot be done, as t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is stock price determined? ### Answer: Stock price is determined by what's being asked for it, and what's being paid for it. The reported price is either a recent average, or is the last price at ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I get the most value from my employer's ESPP? ### Answer: A 15% discount does not necessarily mean it is a good investment. The stock price can go down at any point. 15% discount might mean y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Economics Books ### Answer: i'm absolutely a newcomer in economics and i wish to understand how things work around finance. This is a pretty loaded question. To understand finance, you need the basics...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a bunch of wealthy people force Facebook to go public? ### Answer: @Alex B's answer hits most of it, but leaves out one thing: most companies control who can own their non-public shares, and prohi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens if a purchase is $0.02 in Canada? ### Answer: As someone who works for a company that deploys POS systems in Canada, I can tell you that your best bet would be to have a configuration opt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a person with really bad credit history rent decent housing? ### Answer: Having been recently evicted she is unlikely to find any one willing to rent to her at anything close to reasonable ter...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Simple loan with a mortage as collateral ### Answer: Assuming United States; answer may be different elsewhere. The best instructions I have seen for this were on the webpage of one of the law firms m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it okay to be married, 30 years old and have no retirement? ### Answer: First, I would recommend getting rid of this ridiculous debt, or remember this day and this answer, "you will be living this ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people buy stocks at higher price in merger? ### Answer: There are kind of two answers here: the practical reason an acquirer has to pay more for shares than their current trading price and the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do governments support their own bonds when their value goes down? ### Answer: Companies do not support their stock. Once the security is out on the wild (market), its price fluctuates according to wh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any experience with maxing out 401(k)? ### Answer: Yes, I have done this and did not feel a change in cash flow - but I didn't do it a the age of 23. I did it at a time when it was comfortable to do ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I bought a new car for a month and wanted to return it ### Answer: My assumption here is that you paid nearly 32K, but also financed about 2500 in taxes/fees. At 13.5% the numbers come out pretty clo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Excessive Credit Check from Comcast ### Answer: In general, it is unusual for a credit check to occur when you are terminating a contract, since you are no longer requesting credit. If the credit chec...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it bad etiquette to use a credit or debit card to pay for single figure amounts at the POS ### Answer: Until the CARD act, credit card rules required that merchants had no minimum purchase requirem...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the tax implications of dividends that I receive from stocks (equity) that I hold? ### Answer: Note the above is only for shares. There are different rules for other assets like House, Jewell...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal if I'm managing my family's entire wealth? ### Answer: There are two issues. The first is that you can manage all of your family's money. The second issue arises if you now "own" all of yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Basic questions about investing in stocks ### Answer: Now a days, your stocks can be seen virtually through a brokerage account. Back in the days, a stock certificate was the only way to authenticate ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is it possible that a preauth sticks to a credit card for 30 days, even though the goods have already been delivered? ### Answer: It is barely possible that this is Citi's fault, but it sounds mor...
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: (buy these when you expect the price to go down) You 'lock in' the price you can sell at. If the price goes down below t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much power does a CEO have over a public company? ### Answer: Also keep note - some companies have a combined CEO/Chairman of the board role. While he/she would not be allowed to negotiate contrac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Owning REIT vs owning real estate - which has a better hypothetical ROI? ### Answer: Your question may have another clue. You are bullish regarding the real estate market. Is that for your city, your ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Recent college grad. Down payment on a house or car? ### Answer: Not long after college in my new job I bought a used car with payments, I have never done that since. I just don't like having a car pa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What emergencies could justify a highly liquid emergency fund? ### Answer: Since no one else mentioned it, there are sometimes amazing deals that require being the first person to take advantage of th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I am the sole owner of an LLC. Does it make a difference if I file as an S-Corp or a sole-member LLC? ### Answer: S-Corp are taxed very different. Unlike LLC where you just add the profit to your inco...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dealing with event driven market volatility ### Answer: If you are worried about elections think about writing some calls against your long positions to help hedge. If you have MSFT (@ $51.38 right ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I understand why investors think a particular company should have a high PE ratio? ### Answer: Does the company see itself expanding into new product lines or new territories? What is the curr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can low volume move a stock price drastically? ### Answer: In a sense, yes. There's a view in Yahoo Finance that looks like this For this particular stock, a market order for 3000 shares (not ev...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I am Brasilian resident, how to buy shares on NYSE? ### Answer: I am not sure what a Brazilian equivalent is but you could just do an ADR. Keep in mind that when you are investing in a foreign compan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A friend wants to use my account for a wire transfer. Is this a scam or is it legitimate? ### Answer: A friend since July online and big business talks and trust/money forwards. Usually a question "i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I fund retirement with a static asset allocation or an age based glide path? ### Answer: So I did some queries on Google Scholar, and the term of art academics seem to use is target date fund. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people take out life insurance on their children? Should I take out a policy on my child? ### Answer: Adam Davis's answer is pretty good. However, I think he misses something with regard to the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: High dividend stocks ### Answer: Like almost all investing question: it depends! Boring companies generally appreciate slowly and as you note, pay dividends. More speculative investing can get you som...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Avoiding Capital Gains Long Term ### Answer: It's correct. Be sure of your personal opportunity cost and not that you're letting the tax tail wag the dog just to score "tax free". Your upside is $3...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the risks of Dividend-yielding stocks? ### Answer: Having a good dividend yield doesn't guarantee that a stock is safe. In the future, the company may run into financial trouble, stop paying ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does an Executed Limit Order Imply a Spot Price? ### Answer: Think of all the limit orders waiting in line, first organized by price, and then by the time the order was placed (earlier orders are clos...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks give access to all your transaction activity? ### Answer: Things are the way they are because they got that way. - Gerald Weinberg Banks have been in business for a very long time. Y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does it make sense to refinance a 30 year mortgage to 15 years? ### Answer: Unless I'm missing something, this doesn't make sense at all. Why take out money at 3.25% (the Heloc) to reduce the balance...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I legally and efficiently help my girlfriend build equity by helping with a mortgage? ### Answer: This is fine, just have a plan before you go into it. Look up a co-ownership agreement contrac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Foolish to place orders before the market opens? ### Answer: More on a technical note, but the spread on an ETF tends to be worst at market open and near market close. (assuming the ETF constituents a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the rationale behind stock markets retreating due to S&P having a negative outlook on the USA? ### Answer: When people (even people in the media) say: "The stock market is up because of X" or ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much is my position worth after 5-1 stock split? ### Answer: The average price would be $125 which would be used to compute your basis. You paid $12,500 for the stock that is now worth $4,500 whic...
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: Your credit card limit is nothing more than a simple number. When you purchase something, the merchan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stochastic Oscillator for Financial Analysis ### Answer: When using the Stochastic Indicator your basic aim is to buy (go long) when the stochastic becomes oversold (goes below 20%) and then the %K li...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How many days does Bank of America need to clear a bill pay check ### Answer: Firstly, it isn't so generous. It is a win-win, but the bank doesn't have to mail me a free box of checks with my new acc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean to be “offset against taxable gains”? ### Answer: Offset against taxable gains means that the amount - $25 million in this case - can be used to reduce another sum that the company w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advantages/disadvantages of buying stocks on dips vs buying outright? ### Answer: Dollar-Cost averaging will allow you to reduce your risk while the stock prices falls provided: You must invest a fixe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I transfer self-employed income into LLC? ### Answer: An LLC is a very flexible company when it comes to taxation. You have three basic tax options: There are other good reasons to create an LLC ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I have all this stock just sitting there, how can I lend it out to people for short selling? ### Answer: You just disclosed that you are new investor to the stock market. I'd advise that you first ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Insurance, healthcare provider, apparent abuse, lack of transparency ### Answer: I wouldn't classify your treatment as abuse. Medical billing has become more complex not less complex. You need to lear...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Has anyone compared an in-person Tax Advisor to software like Turbo Tax? ### Answer: Unfortunately, if your taxes are too complicated for the 1040EZ form, then your tax situation is effectively unique...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Rate of change of beta ### Answer: This is (almost) a question in financial engineering. First I will note that a discussion of "the greeks" is well presented at https://en.wikipedia.org/wiki/Greeks_(...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Peer to Peer Lending Small notes Vs Large Notes ### Answer: I started with lending club about a year ago. I love it. It has been insightful. Off topic, but I am in a loan to a guy who make 120K a y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will the ex-homeowner still owe money after a foreclosure? ### Answer: It is in the bank's interest to sell the property for as much as they can (although it is doubtful they will put as much effort/t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are credit cards not viewed as credit until you miss one payment? ### Answer: Of course credit cards are viewed as credit. If you're using money on a credit card, you are not directly paying for your ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the differences between gold/siver “coin” vs. “round”? ### Answer: littleadv gave a great answer, but neglected to mention one thing. Modern minted coins usually only contain a (high) percen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Difference between a mortgage and buy-to-let in UK ### Answer: Another factor that makes Buy to let more expensive is the risk involved. With a buy to let you are dependent on finding a tenant that wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sanity check on choosing the term for a mortgage refinance ### Answer: One thing you didn't mention is whether the 401(k) offers a match. If it does, this is a slam-dunk. The $303 ($303, right?) is $3...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is technical analysis based on some underlying factors in the market or do they work simply because other people use them? ### Answer: Technical Analysis assumes that the only relevant number(s) regar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What ways are there for us to earn a little extra side money? ### Answer: I don't know what you program during the day, but you could always try your hand a programming for iPhone, Android or Blackber...
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: all other things being equal if you have two stocks, both with a P/E of 2, and one has an EPS of 5 whereas the other has an EPS of 10 is t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Might I need a credit score to rent, or for any other non-borrowing finances? ### Answer: Alas, institutions do not always act rationally, and being an outlier by never having debt may be bad enough. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference between buying bonds and buying bond funds for the long-term? ### Answer: why would anyone buy a long-term bond fund in a market like this one, where interest rates are practic...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where was the huge scandal in the Wells Fargo scandal? ### Answer: The Wells Fargo scandal was and still is a big deal because Wells Fargo opened over 1.5 million unauthorized bank and credit card acc...
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: There are many good brokers available in the market and many spammers too. Personally I have been as...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: One company asks for picture of my debit card ### Answer: Believe it or not, what they're asking you is not as unusual as you might think. Our company sells a tremendous amount of expensive merchandi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: $65000/year or $2500 every two weeks: If I claim 3 exemptions instead of zero, how much would my take home pay be? ### Answer: It will usually take a week or two for changes to your withholding to tak...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the benefits to underwriters in a secondary offering? ### Answer: Your impression about banks and bankers is very wrong. Wall street banks can and often do lose in transactions. In fact, ba...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Car finance, APR rates and per week in adverts; help understanding them ### Answer: Easier to copy paste than type this out. Credit: www.financeformulas.net Note that the present value would be the in...
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: If you can get a rate of savings that is higher than your debt, you save. If you can't then you pay off your debt. That makes the most ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit and Debit ### Answer: In view of business, we have to book the entries. Business view, owner and business are different. When capital is invested in business by owner, in future business has to...