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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can contractors recoup taxation-related expenses? ### Answer: Anything is negotiable. Clearly in the current draft of the contract the company isn't going to calculate or withhold taxes on your b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are dividends, when are they paid, and how do they affect my position? ### Answer: Dividends are declared by the board of directors of a corporation on date A, to stock holders of record on date ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros & cons in Hungary of investing retirement savings exclusively in silver? What better alternatives, given my concerns? ### Answer: First is storage which is a big and a detrimental headache. Secur...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to invest in a currency increasing in value relative to another? ### Answer: On international stock exchanges, they trade Puts and Calls, typically also for currencies. If for example 1 NOK is wor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Digital money pots? ### Answer: I guess it depends on your bank. My bank (Rabobank) recently did introduce this feature. You don't get a card per category, though. Instead you set up rules to match ea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to miss the dividend and buy the undervalued stock? ### Answer: As yet another explanation of why it does not really matter, you can look at this from the valuation point of view. Stock p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does my bank suddenly need to know where my money comes from? ### Answer: Bank runs very complex software to detect suspicious activity - terrorism financing, money laundering, etc. How would a pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Basic Info On Construction Loans ### Answer: Construction loans are typically short term that then get rolled into conventional mortgages at the end of the construction period. Since the actual constr...
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: You can get an investment manager through firms like Fidelity or E*Trade to manage your account. It won't be someone dedicated exclusively to you, but you'r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Death and Capital Gains Taxes (United States) ### Answer: My understanding is that when you die, the stocks are sold and then the money is given to the beneficiary or the stock is repurchased in t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Giving kids annual tax free gift of $28,000 ### Answer: From the IRS' website: How many annual exclusions are available? The annual exclusion applies to gifts to each donee. In other words, if you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying my first car out of college ### Answer: I know I came a little late to this discussion but let me give you my opinion. I think that purchasing the BMW is a terrible investment for obvious reaso...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Getting Cash from Credit Card without Fees ### Answer: Nope. Or at least, if it were possible the company offering such a credit card would quickly go out of business. Credit card companies make money...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is the price of VXX determined? ### Answer: Generally, ETFs work on the basis that there exists a pair of values that can be taken at any moment in time: A Net Asset Value of each share in the fun...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: F1 student and eBay selling tax ### Answer: If you have income - it should appear on your tax return. If you are a non-resident, that would be 1040NR, with the eBay income appearing on line 21. Since ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to protect yourself from fraud when selling on eBay UK ### Answer: Just ship using a reputable courier (definitely not Yodel or Hermes!) that requires and obtains a surname and signature which you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Long term investment for money ### Answer: What explains the most of the future returns of a portfolio is the allocation between asset classes. In the long term, stock investments are almost certain t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Feasibility of using long term pattern on short term investments ### Answer: There are Patterns inside of Patterns. You will see short term patterns (flags / pennants) inside of long term patterns (tr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What do these numbers mean? (futures) ### Answer: The two answers given previously provide excellent information. In relation to your statement: If I buy the above future contract, does that mean I pa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: So the vending machine tore my $5 in pieces. What now? ### Answer: There is usually contact information for the owner of the machine printed somewhere on it. Call that number. If it is in a business y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do many British companies offer a scrip dividend option in lieu of cash? ### Answer: There are quite a few reasons that a company may choose to pay dividends rather than hold cash [increasing the ...
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: Take a look at IRS Publication 15. This is your employer's "bible" for wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Expense ratio of an ETF included in the price or calculated separately ### Answer: The expense ratio reduces the return of the ETF; your scenario of paying 100.0015 is that of a load. Most (all?) ETF...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can we cancel cheques, but not Western Union transfers? ### Answer: You are presuming that after the transfer, the cash is still "sitting in a Western Union register" but no, that cash may have al...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why doesn't change in accounts receivable on balance sheet match cash flow statement? ### Answer: QUICK ANSWER What @Mike Haskel wrote is generally correct that the indirect method for cash flow state...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Evidence For/Against Real Estate Investing Vis-a-vis Investing in ETFs ### Answer: Real Estate potentially has two components of profit, the increase in value, and the ongoing returns, similar to a st...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How feasible would it be to retire just maxing out a Roth IRA? ### Answer: Assuming you max-out your Roth IRA with $5000 in inflation-adjusted contributions every year from 25-65, your balance at age ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the interest on money borrowed on margin in/for an RRSP considered tax deductible? ### Answer: I believe your question is based on a false premise. First, no broker, that I know of, provides an RRS...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Deductible expenses paid with credit card: In which tax year would they fall? ### Answer: Being a professional auditor and accountant, deduction against expenses are claimed in the year in which expen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the average cost of a portfolio on a trading site? ### Answer: It sounds for the most part you are a 'buy and hold' type investor and continue to contribute monthly. I follow the same philoso...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I enter Canadian tax info from US form 1042-S and record captial gains from cashing in stock options? ### Answer: I can't give you a specific answer because I'm not a tax accountant, so you sho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock doesn't pay dividends, then why is the stock worth anything? ### Answer: Not sure how this has got this far with no obvious discussion about the huge tax advantages of share buy backs vs di...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are my purchases of stock, mutual funds, ETF's, and commodities investing, or speculation? ### Answer: This depends on what your definition of the word is is. Strictly speaking, you are only investing...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm thinking of getting a new car … why shouldn't I LEASE one? ### Answer: It's a very simple equation. If we forget about the stress and limitations that come with the so-called "lease", and make the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a foreclosed property ### Answer: Usually... I think that's overstating the case. You CAN get a bargain (especially if the place is in not-so-great condition), but not every foreclosure will b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are large companies more profitable than small ones? ### Answer: Small companies could have growth prospects. Large companies may not have that many. So look at ROE of companies by quatile to determin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stock prices likely drop off a little bit on a given friday afternoon? ### Answer: There are classes of 'traders' who close their positions out every evening, not just on fridays. But their are o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Isn't an Initial Coin Offering (ICO) a surefire way to make tons of money? ### Answer: There is no sure thing in investing. Everything has a risk component. Sure, people talk about these cryptocurrenc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to pay an insurance deductible, or get an upgrade? ### Answer: I think you have a few choices that cannot be described by math alone: Repair current phone: 149 Replace current phone with...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to resolve imbalances and orphan transactions in Gnucash? ### Answer: The GnuCash manual has a page with examples of opening new accounts. The tl;dr is: use the Equity:Opening Balance to offset yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the CRA reprieve those who have to commute for work? ### Answer: The answer on the Canadian Government's website is pretty clear: Most employees cannot claim employment expenses. You cannot dedu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I be aware of as a young investor? ### Answer: If you are going to the frenzy of individual stock picking, like almost everyone initially, I suggest you to write your plan to paper. Like, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How and where do companies publish financial reports? ### Answer: Yes it is true. The US based companies have to meet the requirements placed on them by the US government. The agency with all these re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wash sale rule with dividend reinvestment ### Answer: I was not able to find any authority for the opinion you suggest. Wash sale rules should, IMHO, apply. According to the regulations, you attribute...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to use DRIP or invest when stock drops before ex-date? ### Answer: The benefit of a dividend reinvestment program is you, generally, don't pay transaction costs or commissions and you don...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: May I Invest as a non accredited investor? ### Answer: Without knowing the specifics it is hard to give you a specific answer, but most likely the answer is no. If they limit the participation in the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does a contract's worth mean? ### Answer: It means $400m expected revenue, likely spread out over multiple years as it gets implemented, and not entirely guaranteed to happen as they still need t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Historical Stock Prices of delisted company [duplicate] ### Answer: For those on a budget, check if your local library has access to / or a copy of the "Standard & Poor's Daily Stock Price Record". Ac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I carelessly invested in a stock on a spike near the peak price. How can I salvage my investment? ### Answer: You should be worried. You have made the mistake of entering an investment on the recommen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do stocks give you more control over your finances than mutual funds? ### Answer: The issue with trading stocks vs. mutual funds (or ETFs) is all about risk. You trade Microsoft you now have a Stock R...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I want to invest and save for my house downpayment at the same time ### Answer: Yes you should invest; and yes you should save for the house down payment. These should be two separate pools of money a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I file 83(b) election, but did't include a copy of it in that year’s tax return ### Answer: I've talked to several very experienced accountants that deal with startup shares, stock 83(b)'s, etc. weekl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Few questions related to Balance sheet and Income Statement? ### Answer: 1.) There is no logic in this question, because when there is an increase in net income for the year it will be in the form of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: American taxes if living outside the US and get paid by US company on a US bank account ### Answer: Technically, if you earn in US (being paid there, which means you have a work visa) and live in othe...
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: In many countries it is a legal requirement or in some other way mandatory for the banks to ban th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does FlagStar Bank harass you about payments within grace period? ### Answer: They call you because that is their business rules. They want their money, so their system calls you starting on the 5...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does a stock's price fluctuate so often, even when fresh news isn't available? ### Answer: News about a company is not the only thing that affects its stock's price. There is also supply and deman...
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: I've seen many people sign a restaurant credit card receipt and walk away. Easy enough for the wait staff to add a tip and total. I do...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal to receive/send “gifts” of Non-Trivial Amounts to a “friend”? ### Answer: In almost all cases, gifts from employers are considered taxable compensation, based on the employer-employee natu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Main source of the shares/stocks data on the web ### Answer: The main source is a direct feed from the stock market itself. The faster the feed, the more expensive. 15-minute delay is essentially free...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is a Condominium / Apartment Building fiscally identified? ### Answer: In such cases, it has a EIN, like any business would. Even absent the rent you suggest, the condo should have reserve funds, ...
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: I'm the equivalent of the FED at ROBLOX. I run a virtual economy there worth millions of dollars. Even though we are in the business of printing...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to motivate young people to save money ### Answer: Talk freely about what you can now do because of saving. If you plan to retire sooner than most, or more comfortably than most, and can tie that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does being on the board of a bankruptcy-declaring company affect my credit rating? ### Answer: The answer to your question is governed by the structure of the company and your ownership or lack thereo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does Warren Buffett say his fund performance, relatively, is likely to be better in a bear market than in a bull market? ### Answer: Warren Buffet and Berkshire Hathaway took a 50% loss in each of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the fuss about Credit Score / History? ### Answer: Since we seem to be discussing credit score and credit history interchangeably, if I can add credit report as the third part of the puzzle, I ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I “hedge” my IRA portfolio with a life cycle / target date mutual fund? ### Answer: I choose lifecycle funds because I am placing faith (perhaps foolishly) that a full time fund manager knows b...
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: Coins are legal tender. They're authorized by governments and have a face value. Rounds are simply coined pieces of metal mi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is meant by one being in a “tax bracket”? ### Answer: As ApplePie discusses, "tax bracket" without any modifiers refers to a single jurisdiction's marginal tax rate. In your case, this is either...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does Yahoo! Finance report different prices for the same index? ### Answer: Are you sure you're using the same date range? If you're using Max, then you're not, as ^FTMC goes back to 12/1/1985 whi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First time home buyer. How to negotiate price? ### Answer: Do some homework to determine what is really a fair price for the house. Zillow helps. County tax records help, including last sale price a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the benefit of opening a Certificate of Deposit (CD) Account? ### Answer: Others have pointed out why one typically chooses a CD: to lock in an interest rate that's higher than most other savin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a checking account and how does it work? ### Answer: A savings account and a checking account (or a "demand" account, or a "transactional" account) have different regulations. For example, fr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What do I need to start trading in the NSE (National Stock Exchange)? ### Answer: To start trading at a minimum you need 3 things; Bank Account: This again is not must, but most preferred to transact....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with my $10K windfall, given these options? ### Answer: I think you've got competition on that list for where to put the money - I'd work out which option is costing me the most curre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which dividend bearing stock should be chosen by price? ### Answer: In the scenario you describe, the first thing I would look at would be liquidity. In other words, how easy is it to buy and sell sh...
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 merchant fees are $0.15 - $0.40 per transaction plus 1.5-4% of the amount charged. Card issuers are com...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strategic countermeasures to overcome crisis in Russia ### Answer: You could do nothing for a while longer. Foreign exchange simply means your services are cheaper and imports and more expensive, loca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Live in Florida & work remote for a New York company. Do I owe NY state income tax? ### Answer: If you're not a NY (tax) resident, then as long as you're not physically present in New York - you do no...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the median retirement savings in the United States today? ### Answer: Note that the quote distinguishes between "all families" and "families with some savings" - this just means there are so m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can someone help me understand my student loans? ### Answer: The first loan looks like it did not have its interest subsidized while you were in school, so interest was accruing eventhough you didn't ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a significant danger to market orders as opposed to limit orders? ### Answer: If you want your order to go through no matter what then you should be using market orders rather than limit orde...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shorting diluting stocks ### Answer: It depends on how big the dilution is. Could be a good trade. Do the math yourself, many times nobody else has as all the employees think they are going to get ric...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax consequences of changing state residency? ### Answer: It also depends on where you work. If you move your home and your job then the date you establish residency in the new state is the key date. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: what is the meaning of allowing FDI in Insurance and pension funds ### Answer: Insurance in India is offered by Private companies as well [ICICI, Maxbupa, SBI, Max and tons of other companies]. Thes...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Bogleheadism (index fund investing) dead? ### Answer: The reports of my death have been greatly exaggerated. - Twain I use index funds in my retirement planning, but don't stick to just S&P 500 ind...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Benefits/Disadvantages of using a credit card ### Answer: One of the more subtle disadvantages to large credit card purposes purchases (besides what the other answer mentions), is that it makes yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you access an OFX server? ### Answer: This page, under the "OFX" section, has pointers to an OFX 2.0 spec (pdf). You're looking for the info starting at page 18, section 1.2.1: Clients use the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a 401(k) Loan Provision? ### Answer: Congratulations on the job offer! That type of matching sounds good if you plan to stay at a company for more than a year. My experience has been that 401...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is debt almost always the cause of crashes and recessions? ### Answer: The statement can be true, but isn't a general rule. Crashes and recessions are two different things. A crash is when the market ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is Los Angeles property tax calculated if a 50% owner later buys out the other 50%? ### Answer: When property changes hands the sale prices may or may not be used to determine the appraised value ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Possible to purchase multiple securities on 1 transaction? ### Answer: No, this is not generally possible, as each security purchase is booked as a separate order => hence separate transaction. You ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: After Market Price change, how can I get it at that price? ### Answer: You can make a purchase at the after market price by sending an order that gets executed in after market. Often times these are c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is meant by “unexpected expenses” in my 401k plan? ### Answer: IANAL, but it sounds like indemnification language. They are saying they have the option to charge expenses to participants if they ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate 1 share movement ### Answer: The price of a share has two components: Bid: The highest price that someone who wants to buy shares is willing to pay for them. Ask: The lowest price tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a law or regulation that governs the maximum allowable interest amount that can be charged on credit cards or in agreements where credit is extended? ### Answer: What are those maximums, and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Closing a futures position ### Answer: For exchange contracts, yes. A trader can close a position by taking an offsetting position. CME's introduction to Futures explains it quite well (on page 22). ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to understand the caculation of interest for credit cards? ### Answer: Suppose you have been paying interest on previous charges in the past. Your monthly statement is issued on April 12, and (sin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Saving for a down payment on a new house, a few years out. Where do we put our money next? ### Answer: Rewards cards charge the merchant more to process. So the card is making money when you use it. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Less than a year at my first job out of college, what do I save for first? ### Answer: I wish I was in your shoes with the knowledge I have in my head. financial goal setting is a great plan at your a...