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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I begin investing real money as a student? ### Answer: I started my account with $500 so I know where you're coming from. For the words of caution, in about 2009 we entered a pretty signif...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is 401k as good as it sounds given the way it is taxed? ### Answer: Your analysis is not comparing apples to apples which is why it looks like investing money in a non-qualified account is better than...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to start personal finances? ### Answer: A few practical thoughts: A practical thing that helps me immensely not to loose important paperwork (such as bank statements, bills, payroll statement, all...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay my Education Loan or Put it in the Stock Market? ### Answer: For the sake of sanity, pay off your debt maybe not all but some part of it. You never know what the monster, the stock market...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Was this a good deal on a mortgage? ### Answer: Some part of the payment is probably also going for tax escrow, insurance payments, probably PMI if you aren't putting at least 20% down. Get a complet...
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: In the US, usury is complicat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I open a credit card when I turn 18 just to start a credit score? ### Answer: The length of time you have established credit does improve your credit score in the long run. As long as you can a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does money made by a company on selling its shares show up in Balance sheet ### Answer: Share sales & purchases are accounted only on the balance sheet & cash flow statement although their effects are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it wise to have plenty of current accounts in different banks? ### Answer: Its actually a good thing. The #1 factor to your credit score is your credit utilization. So if you don't spend money un...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When a Company was expected and then made a profit of X $ then that X$ increased it's share price. or those the Sellers and Buyers [duplicate] ### Answer: There are a few reason why share prices incre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dividends - Why the push to reinvest? ### Answer: Good question, here are some possible answers: Its a Good Idea There is probably some validity to the statictics and having money invested, generally ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do options always expire on third Friday of every month ### Answer: Traditionally options expired on the 3rd Wednesday of the months of Mar, Jun, Sep, Dec as this day was never a holiday. See IMM date...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I invest in real estate to rent, real estate to live in, or just stocks and bonds to earn 10-15%? ### Answer: Are there other options I haven't thought of? Mutual funds, stocks, bonds. To buy a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Website for managing personal cash inflow and outflow, applicable to India? ### Answer: There are sites in India that offer this, http://www.intuit.in/ is one such site. Apart from this some banks lik...
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: Here are three key factors that you do not explicitly state: So while I cannot say exactly why the tax law is the way it is,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What do these options trading terms mean? ### Answer: The two dimensions are to open the trade (creating a position) and to buy or sell (becoming long or short the option). If you already own an optio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much cash on hand should one have? ### Answer: There are two or three issues here. One is, how quickly can you get cash out of your investments? If you had an unexpected expense, if you suddenly n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will having a secondary signee with bad credit on a mortgage raise or lower interest? ### Answer: between two people purchasing a house together, one with good and one with bad credit, will having bot...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would it make sense to buy a rental property as an LLC and not in my own name? ### Answer: I'd have a good look at how much anonymity an LLC offers in your state - as far as I'm aware this varies from...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can after-hours trading affect options pricing? ### Answer: Typically the settlement price for a financial instrument (such as AAPL stock) underlying a derivative contract is determined from the avera...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should my husband's business pay my business? ### Answer: It depends on the finances involved, but particularly if you're not billing anything right now and may have no revenue this year, it's probabl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to secure one's effort when working on a contract? ### Answer: I don't think you need to bother with trust accounts. The point of a trust account is holding funds that aren't yours yet. You take...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I make money in the stock market from other people losing money? ### Answer: Do I make money in the stock market from other people losing money? Not normally.* The stock market as a whole, on avera...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I have no exemptions or deductions, just a simple paycheck, do I HAVE to file taxes? ### Answer: As a Canadian resident, the simple answer to your question is "yes" Having worked as a tax auditor a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Cost basis allocation question: GM bonds conversion to stock & warrants ### Answer: Your final tax basis could not be determined until June 14, 2012, the first day of separate trading of all four secu...
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: In the EU, you might be looki...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can the IRS freeze a business Bank account? ### Answer: If the business is legally separated and not commingled - they probably cannot. What they can do is put a lien on it (so that you cannot sell th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the stock market create any sort of value? ### Answer: With regards to "the stock market," there are actually two markets involved here: PRIMARY MARKET Value is created in the primary market wher...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I use a different HSA than PayFlex that came with aetna? ### Answer: You can ask your employer for anything that you want. However, most employers, if they are contributing their own money into yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What mix of credit lines and loans is optimal for my credit score? ### Answer: I think you are interpreting their recommended numbers incorrectly. They are not suggesting that you get 13-21 credit ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is 401k as good as it sounds given the way it is taxed? ### Answer: When you are investing for 40 years, you will have taxable events before retirement. You'll need to pay tax along the way, which wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: GnuCash and ledger/hledger ### Answer: Answering my own question, I figured it out: yes, there is a way, with a tool called gnucash2ledger.py. Versions used: GnuCash 2.6.1, Ledger 2.6.2, hledger 0.22 ...
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: That sounds like way too much for a car! I suggest you get a used car that only has a few years on it and is in mint condition. Not onl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I calculate what percentage of my portfolio is large-, mid- or small- cap? ### Answer: All mutual funds disclose their investments, funds are large cap only or midcsp etc. So it depends on what...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does reading financial statements (quarterly or annual reports) really help investing? ### Answer: I agree with @STATMATT. Financial statements are the only thing that Warren Buffett & Charlie Munger...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Help: Being charged interest on a loan for which I received no statements telling me of this debt for the past 15 years. Surprise! ### Answer: Investigate the statute of limitations in your area. 15 ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I include my hard assets as part of my net worth? ### Answer: If the value of these hard assets is significant you probably have them insured, and for significant art work you should have had t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What risk of a diversified portfolio can be specifically offset by options? ### Answer: Options are contractual instruments. Most options you'll run into are contracts which allow you to buy or sell s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I lookup the business associated with a FEIN? ### Answer: I think much of that info is hidden behind pay-walls. Here is one site I've found. http://www.feinsearch.com/ Another that is for non...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the cheapest way to move money from the United States to Canada? [duplicate] ### Answer: No fees: Write a check. Deposit it into the other bank. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does it take 3 days to do electronic transfers between banks? [duplicate] ### Answer: I was perplexed by this until a few days ago when it finally clicked in a meeting with our fraud and money lau...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Prepaying a loan: Shouldn't the interest be recalculated like a shorter loan? ### Answer: The key to understanding a mortgage is to look at an amortization schedule. Put in 100k, 4.5% interest, 30 ye...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Purpose of having good credit when you are well-off? ### Answer: A $250K earner might have $4M in retirement savings and $500K in available funds, but doesn't wish to spend all his liquidity on the ho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When will the U.K. convert to the Euro as an official currency? ### Answer: I can't see it happening because most of the population seems to be against it, even if their reasoning on the whole is wron...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I live outside of the rat race of American life with 300k? ### Answer: Even with a good investment strategy, you cannot expect more than 8-10% per year in average. Reducing this by a 3% inflat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Cosigning - cosigner won't pay and won't give any information or transfer asset ### Answer: Is your name on the title at all? You may have (slightly) more leverage in that case, but co-signing any loa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it bad practice to invest in stocks that fluctuate by single points throughout the day? ### Answer: Its hard to write much in those comment boxes, so I'll just make an answer, although its really n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks allow more control over credit/debit card charges? ### Answer: Credit cards and debit cards make up the bulk of the transactions in the US. Visa and Mastercard take a percentage of ea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to spend more? (AKA, how to avoid being a miser) ### Answer: The key question is this - What brings you happiness? How much is this behavior actually making you miserable? It's possible, and impo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing Account Options ### Answer: Immediately move your Roth IRA out of Edward Jones and into a discount broker like Scottrade, Ameritrade, Fidelity, Vanguard, Schwab, or E-Trade. Edward Jones wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I calculate ownership percentage for shared home ownership? ### Answer: You and your husband are fronting all the money upfront. I'm guessing this will cost you around 67,000 once closing costs...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When an insider discloses a stock trade are they required to execute? ### Answer: No. And furthermore, canceling based on insider information is not considered insider trading. SEC Interpretation fro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Funds in closed bank account have gone to the government ### Answer: Legally speaking, if you do close a limited company, the funds belong to the government ("bona vacantia"). There's some guidance on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to find the smallest transaction fees and commissions available and reduce trading overhead? ### Answer: The lowest cost way to trade on an exchange is to trade directly on the exchange. I can't s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Frustrated Landlord ### Answer: Renting your property out at less than market rates is a form of charity. Your heart says that this is the right thing to do, your bank account says no. And so does you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do the wealthy pay for things? ### Answer: While you would probably not use your ATM card to buy a $1M worth mansion, I've heard urban legends about people who bought a house on a credit card. Whi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Book or web site resources for an absolute beginner to learn about stocks and investing? ### Answer: Los Angeles Times Investing 101 http://www.latimes.com/business/la-moneylib,0,3098409.htmlstory Cla...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are Forex traders forced to use leverage? ### Answer: Actually, most of the forex traders do not prefer the practice of leveraging. In forex trading, a contract signed by a common trader is way more t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When a stock price rises, does the company get more money? ### Answer: No. Not directly. A company issues stock in order to raise capital for building its business. Once the initial shares are sold to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible for US retail forex traders to trade exotic currencies? ### Answer: The vast majority of retail Forex brokers are market makers, rather than ECNs. With that said, the one that fits your...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to pay taxes in India? ### Answer: Do I need to pay taxes in India in this scenario? For India tax purposes, you would still qualify as "Resident Indian". As a resident Indian you have to pa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to build a U.S. credit history as a worker on a visa? ### Answer: When you start living in US, it doesn't actually matter what was your Credit history in another country. Your Credit History in US...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is an investor of a startup subjected under a vesting schedule? ### Answer: As a start-up, the initial shares can be given at various price points. So essentially they can give someone a larger percen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I take out a bigger mortgage, or pay a greater cash deposit? ### Answer: At a minimum, I would save 20-30k, because you need to have both a safety net and some money for home repairs. Very few...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I log a Canadian NR4 form to my income taxes ### Answer: Income code 09 is dividends, so yes - it is the same as line 1 of the US form 1099-DIV. 1a or 1b however depends on whether the requirem...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to report Canadian income from a small contract job? ### Answer: It's pretty easy. In the Interview Setup for Ufile, check the box for "Self-employment business income". Then during the process of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do stock prices drop due to dividends? ### Answer: In the case of mutual funds, Net Asset Value (NAV) is the price used to buy and sell shares. NAV is just the value of the underlying assets (which ar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible for the average person to profit on the stock market? ### Answer: There's a huge difference between "can an anverage person make a profit on the stock market" and "can an average person...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best way to stay risk neutral when buying a house with a mortgage? ### Answer: Note: I am making a USA-assumption here; keep in mind this answer doesn't necessarily apply to all countries ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay half a large balance this month before I get my CC statement? ### Answer: It will reduce the credit ding you will take but why does it matter? Next cycle when it's paid off your credit s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the top “market conditions” to follow? ### Answer: The very term 'market conditions' is subjective and needs context. There are 'market conditions' that favor buying (such as post crash) or ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a candlestick pattern that guarantees any kind of future profit? ### Answer: By definition, there are no guaranteed profits. There are sometimes arbitrage opportunities, which are more access...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: File Taxes: US Expat, now married to foreign national ### Answer: When I was in this situation, I always did Married Filing Separately. In the space for spouse you just write "non resident alien". I'm...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why so much noise about USA's credit rating being lowered? ### Answer: Because US bonds have had the prior impression of absolute invincibility and safety that has helped the dollar become the world's...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to value employee benefits? ### Answer: Employee Stock Purchase Plans (ESPPs) were heavily neutered by U.S. tax laws a few years ago, and many companies have cut them way back. While discounts of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Hedging against an acquisition of a stock ### Answer: For a cheaper hedge , you can try a call spread. e.g if you shorted a stock at 40 but are worried that it can get bought out for 60. then buy a 50...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people buy US dollars on the black market? ### Answer: The main reason people buy dollars (or other currency) on the black market is because they are prevented from exchanging currency on the o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment property refinance following a low appraisal? ### Answer: The new payment on $172,500 3.5% 15yr would be $1233/mo compared to $1614/mo now (26 bi-weekly payments, but 12 months.) Assuming t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are individual allowed to use accrual based accounting for federal income tax? ### Answer: Yes. But once you chose the method (on your first tax return), you cannot change it without the IRS approval....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best way to start investing, for a young person just starting their career? ### Answer: Not 100% related, but the #1 thing you need to avoid is CREDIT CARD DEBT. Trust me on this one. I'm 31, and fin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does giving to charity work? ### Answer: A simpler view is that tax deductions allow you to give to charities from your gross salary, not your net salary. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would extending my mortgage cause the terms to be re-negotiated? ### Answer: Run the numbers in advance. Understand what are the current rates for an additional 2nd mortgage, what are the rates for a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I help my friend change his saving habits? ### Answer: Budgeting is the key. Saying that you need to eat out less and cook more is good, but ultimately difficult for some people, because it i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Consolidating company pensions ### Answer: Have you shopped around? I would agree that the fees seem high. The first question I would ask if if the .75% management fee is per year or per month? If...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can an F1 student working on OPT with a STEM extension earn unrelated self employed income from a foreign employer? ### Answer: From tax perspective, any income you earn for services performed while y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Need something more basic than a financial advisor or planner ### Answer: Yes, there is a profession that does exactly what you're looking for. It's called a fee-only financial advisor. These are pro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you measure the value of gold? ### Answer: We measure the value of gold by comparing it to other things. Sorry, but there is no better answer than that. There is no gold standard (pun intended)...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is stock dilution legal? ### Answer: Theoretically, when a company issues more shares, it does not affect the value of your shares. The reason is that when a company issues and sells more shares,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making your first million… is easy! (??) ### Answer: Easy. Start with 2 millions and lose only one. Jokes aside, if you want a million USD, you should be asking yourself how you can produce products o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why pay estimated taxes? ### Answer: Same argument and answer for investing instead of paying off debt, or borrowing to invest. Risk. What happens if the stocks drop by 10%? Sure, you might come out a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do non-electronic stock exchanges (with floor traders) still exist? ### Answer: Non-electronic stock exchanges still exist because they used to exist. There are a lot of people in trading firms wh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Automatic transaction on credit card to stay active ### Answer: credit cards are almost never closed for inactivity. i have had dozens of cards innactive for years on end, and only one was ever closed...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Choosing a vehicle to invest a kid's money on their behalf (college, etc.)? ### Answer: Roth is currently not an option, unless you can manage to document income. At 6, this would be difficult but not...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I overpay to end a fixed-rate mortgage early? [duplicate] ### Answer: The simplest argument for overpayment is this: Let's suppose your fixed rate mortgage has an interest rate of 4.00%. Every ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who are the sellers for the new public stocks? ### Answer: Usually the big institution that "floats" the stock on the market is the one to offer it to you. The IPO company doesn't sell the stock itsel...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Negative properties of continuously compounded returns ### Answer: Well, one can easily have rates below -100%. Suppose I start with $100, and end up with $9 after a year. What was my rate of return?...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are some funds only recommended for investors starting out? ### Answer: A suitable mix of index funds IS a great option if you don't want to spend a lot of time and effort micromanaging your money...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a government-mandated resource that lists the shareholders of a public company? ### Answer: You can obtain a stocklist if you file a lawsuit as a shareholder against the company demanding tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a U.S. citizen open a bank account in Europe? ### Answer: If you don't want to hassle with opening an account (and don't mind going without insurance) there are currency ETF's that basically i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the financial advantages of living in Switzerland? ### Answer: Companies, especially big ones, find in Switzerland a business-friendly environment and often benefit from a special tax regime....