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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it sensible to keep savings in a foreign currency? ### Answer: I don't think that it's a good idea to have cash savings in different currencies, unless you know which will be the direction of the w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a tax exemption for an action = penalty for inaction? ### Answer: There's a significant difference between "discount" and "surcharge". For starters - legal difference. If you have a list pric...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I pay taxes using bill pay from my on-line checking account? ### Answer: And if you need to pay business taxes outside of the regular US 1040 form, you can use the IRS' Electronic Federal Tax Paym...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do Americans have to file taxes, even if their only source of income is from a regular job? ### Answer: I think the key point that's making the other commenters misunderstand each other here is th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Some stock's prices don't fluctuate widely - Is it an advantages? ### Answer: Oracle specifically is paying a dividend with a current yield of about 1.4% annually and has appreciated nearly 50% over t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I have a lot of debt and the housing market is rising, should I rent and slowly pay off my debt or buy and roll the debt into a mortgage? ### Answer: What you propose is to convert unsecured debt i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Amazon's offer of a $50 gift card a scam? ### Answer: The 'store card' that Amazon offers gives 5% back on Amazon purchases. Some time ago, when I realized how much of my spending was going through...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do some services list an IPO date that is well after historical price data you can find elsewhere? ### Answer: The Minnesota Mining and Manufacturing Company was established in 1902 as a private c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculate time to reach investment goals given starting balance? ### Answer: Fairly straightforward to match the result from the calculator soup link. There is a formula to calculate n from the futur...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are currency forwards needed? ### Answer: What is the point of this? Can't I achieve the exact same effect and outcome by exchanging currency now and put that amount of USD in a bank account t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do share buybacks work? ### Answer: The short version of JB King's excellent answer is that the company will typically buy back shares from the open market at market price. Sometimes, it will spec...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: why do I need an emergency fund if I already have investments? ### Answer: Let me first start by defining an emergency fund. This is money which is: Because emergency's usually need to be deal with AS...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What extra information might be obtained from the next highest bids in an order book? ### Answer: The Level 2 data is simply showing the depth of the market. If I am trading shares with my broker I ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Freelancer in India working for Swiss Company ### Answer: As you are earning an income by working in India, you are required to pay tax in India. If you contract is of freelance, then the income earne...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How smart is it really to take out a loan right now? ### Answer: but I can't help but feel that these low rates are somehow a gimmick to trick people into taking out loans Let me help you: it's not ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should we consider when withdrawing a large amount of money from a bank account? ### Answer: You state "Any info will be appreciated", so here's some background information on my answer (you can ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If the housing market is recovering, why would a REIT index ETF (e.g. VNQ) not be performing well? ### Answer: VNQ only holds ~16% residential REITs. The rest are industrial, office, retail (e.g. shop...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Return on asset (ROA) value for a stock is reported differently on Yahoo Finance and MarketWatch ### Answer: Why there is this huge difference? I am not able to reconcile Yahoo's answer of 5.75%, even...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: CD interest rate US vs abroad, is there a catch? ### Answer: Part 1 Quite a few [or rather most] countries allow USD account. So there is no conversion. Just to illustrare; In India its allowed to h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What U.S. banks offer two-factor authentication (such as password & token) for online banking? ### Answer: E*Trade offers banking services, and will provide you with a security token free if you have ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to make money by getting a mortgage? ### Answer: Sounds like a poorly written piece at best... The way you make money with a mortgage, if you're careful and/or lucky and/or patient, is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to make money by getting a mortgage? ### Answer: Imagine a married couple without a mortgage, but live in a house fully paid for. They pay state income taxes, and property tax, and make...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Work on the side for my wife's company ### Answer: My understanding (I am not a lawyer or tax expert) is that you are not allowed to work for free, but you can pay yourself minimum wage for the hours ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: AVS Address Verification System of BOTH Credit and Debit Cards - WHERE, HOW? ### Answer: Parts of what you want are possible, but taken as a whole, you're out of luck. First of all, there is no master...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the true value, i.e. advantages or benefits, of building up equity in your home? ### Answer: Taking out your equity when refinancing means that you take out a new loan for the full value of yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: New company doesn't allow 401k deposits for 6 months, what to do with money I used to deposit? ### Answer: Two options not mentioned: -No information about your emergency fund in your question. If you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it accurate to say that if I was to trade something, my probability of success can't be worse than random? ### Answer: I'm just trying to visualize the costs of trading. Say I set up an account to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Limits and taxation of receiving gift money, in India, from a friend in Italy? ### Answer: He wants to send me money, as a gift. Do you know this friend? It could easily be a scam. What I don't know i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax implications of restricted stock units ### Answer: My friend Harry Sit wrote an excellent article No Tax Advantage In RSU. The punchline is this. The day the RSUs vested, it's pretty much you got...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does “income” include capital gains? ### Answer: The $100,000 is taxed separately as "ordinary income". The $350,000 is taxed at long-term capital gains of 15%. Capital gains is not taxed at 20% until...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have about 20 000 usd. How can invest them to do good in the world? ### Answer: There isn't going to be one right answer, but LessWrong has some posts on effective altruism you might find helpful. T...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much taxes do corporations have to pay on dividends they receive from other companies? ### Answer: Summary: The corporation pays 33.3% tax on dividends it receives and gets a tax refund at the sam...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I switch to this high rate checking account for my emergency fund? ### Answer: I would also check into whether you can keep using your credit card instead of switching to a debit card tied to y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I include retirement funds in calculating my asset allocation? ### Answer: I'd imagine that it's a small portion of the population that can have much of both. If one is saving a decent amount f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Beginning investment ### Answer: The advice I have is short and sweet. Be an investor, not a speculator. Adopt the philosophy of Warren Buffet which is the 'buy and hold' philosophy. Avoid individual ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does Implied Volatilty factor in all known future events? ### Answer: In short, yes. Implied volatility will capture any expected upcoming material announcements. There is also supply/demand impact bu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Borrowing 100k and paying it to someone then declaring bankruptcy ### Answer: Note that in the UK at least this scam - not so dissimilar from what you propose - seems be perfectly legal behaviour: Evi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I stop a merchant from charging a credit card processing fee? ### Answer: This might not be the answer you are looking for, but the alternative to "don't patronize these merchants" is this: DO...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a standard or best practice way to handle money from an expiring UTMA account? ### Answer: I'd first put it in CDs or other short term account. Get through school first, then see where you la...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Full-time work + running small side business: Best business structure for taxes? ### Answer: A tax return is a document you sign and file with the government to self-report your tax obligations. A tax...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are personal finance / money management classes taught in high school, anywhere? ### Answer: It's not a full credit course but part time comic James Cunningham has speaking tour that promotes personal...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a tender offer be less than the market price? ### Answer: As an addition to Chris Rea's excellent answer, these tender offers are sometimes made specifically to cast doubt on the current mar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit card issued against my express refusal; What action can I take? ### Answer: As far as the banker himself goes, it's a customer service issue. WF is not going to tell you about their internal d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Won an incentive trip in 2013, left employer in 2014, received an earning statement with no cash but a huge tangible bonus listed ### Answer: I had experience working for a company that manufactures s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sell a stock and buy a new one ### Answer: You have to wait for three (business) days. That's the time it takes for the settlement to complete and for the money to get to your account. If you don't wa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay myself a dividend or a salary? ### Answer: In cases like this you should be aware that tax treaties may exist and that countries are generally willing to enter into them. Their purpose is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I start investing in property with $10,000 deposit and $35,000 annual wage ### Answer: I want to caveat that I am not an active investor in Australia, you most likely should seek out other inve...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to prove 'Garage Sale' items incurred a loss ### Answer: This is what this sounds like to me: https://www.thebalance.com/having-a-garage-sale-or-yard-sale-what-to-do-first-399030 also: http:...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to prevent myself from buying things I don't want ### Answer: To me the key is a budget. Each month, before it begins, decide on what to spend on each dollar that you earn. Money should be allot...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is not paying off mortgage better in normal circumstances? ### Answer: Lets do the math, using your numbers. We start off with $100K, a desire to buy a house and invest, and 30 years to do it. Sc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the sale of personal items need to be declared as income on my income taxes? ### Answer: Books would be considered Personal-Use Property according to Canada's income tax laws. The most detailed ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there an application or website where I can practice trading US stocks with virtual money? ### Answer: I traded futures for a brief period in school using the BrokersXpress platform (now part of Op...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Choosing the limit when making a limit order? ### Answer: Wouldn't this be part of your investing strategy to know what price is considered a "good" price for the stock? If you are going to invest in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is Dell currently trading above the buyout price? ### Answer: Dividends would be a possible factor you are ignoring. If Dell has another quarter or two to pay out dividends that could account for...
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: A good poker player lowers the bet on the downside and increases it on the up, by 3 to 10 times. They'll win, and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does gold have value? ### Answer: It has semantic value (because we culturally believe gold is valuable). There is a very important point here. Gold and many other coin metals. This "semantic va...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Taxes on transactions of services ### Answer: It's called bartering and the IRS has a page titled Four Things to Know About Bartering. The summary is - The bottom line is this is taxable. ###end
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: It took me a very longtime to learn that I no longer need to live like a starving student... and even now I live like a well-off studen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: New to investing — I have $20,000 cash saved, what should I do with it? ### Answer: You're not clueless at all. You don't mention that you have any debt, but if you have consumer debt, you might want ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 250k USD in savings. What's next? ### Answer: A good answer to the question really depends on where you want to live, ultimately. Where you want to live pretty much dictates your investment priorities...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I consider when I try to invest my money today for a larger immediate income stream that will secure my retirement? ### Answer: Lets assume you put the max of 5000 per year in a Roth IRA. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: P/E (or similar) for index funds? ### Answer: ycharts.com has "Weighted Average PE Ratio" and a bunch of other metrics that are meant to correspond to well known stock metrics. Other websites will ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best starting options to invest for retirement without a 401k ### Answer: There's already an excellent answer here from @BenMiller, but I wanted to expand a bit on Types of Investments with some addit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In NYC is there sales tax on services like computer / cell phone repair? ### Answer: According to the New York State Department of Taxation and Finance, your service would appear to be exempt from tax...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I prioritize retirement savings inside of my HSA? ### Answer: Unquestionably I think the priority should be funding retirement through ROTH/IRA/401K over HSA extra. Obviously you need to fund ...
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: Financial statements provide a large amount of specialized, complex, information about the company. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax brackets in the US ### Answer: Yes, your tax bracket is 25%. However, that doesn't mean that your take home pay will be 75% of your salary. There is much more that goes into figuring out what yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I hedge stock options like market makers do? ### Answer: How do option market makers actually hedge their positions so that they do not have a price risk? You cannot complete hedge away price r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the usual terms of a “rent with an option to buy” situation? ### Answer: The typical deal would be a premium to the normal rent, say $1200 instead of $1000, in return he has the option to buy...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculate Estimated Tax on Hobby Business LLC ### Answer: I assume your employer does standard withholding? Then what you need to do is figure what bracket that puts you in after you've done all your...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is an interest-only mortgage a bad idea? ### Answer: Normally interest only mortgages are taken incase one planning to sell off the property after a few years and purchase of the property is for inves...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would you ever turn down a raise in salary? ### Answer: If you have children in a university institution, then your annual salary is reported via financial aid forms. The small raise could be the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it correct to call an exchange-traded note a type of ETF? ### Answer: They're exchange traded debt, basically, not funds. E.g. from the NYSE: An exchange-traded note (ETN) is a senior unsecured deb...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I calculate total return of stock with partial sale? ### Answer: You have only sold 200 shares for $4.75 from those bought for $3.15. So your profit on those 200 shares is $1.60 per share or $...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do put option prices go higher when the underlying stock tanks (drops)? ### Answer: When you buy a put on a stock, you buy the right to sell the stock at fixed price, F, that his usually different...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When to trade in a relatively new car for maximum value ### Answer: I love giving non-answer answers. It will depend on you. Suppose you are embarrassed by driving older cars, your significant other...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: mortgage vs car loan vs invest extra cash? ### Answer: A point that hasn't been mentioned is whether paying down the mortgage sooner will get you out of unnecessary additional costs, such as PMI or a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does giving to charity work? ### Answer: The intention of making the charitable contributions tax deductible is to provide an economic incentive to contribute to organizations which tend to improv...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it commonly possible to buy an “Option for a Mortgage at a specific Interest Rate”? ### Answer: I think the answer to this is just "no." It's not commonly available to have the option to obtain a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good idea to rebalance without withdrawing money? ### Answer: Rebalancing has been studied empirically quite a bit, but not particularly carefully and actually turns out to be very hard to stu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is investing in housing considered an adequate hedge against inflation? ### Answer: Becoming a landlord is a pretty roundabout way to hedge against inflation. Why don't you research TIPs (Treasury Inf...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I'm going to start doing my own taxes soon, do I need to start keeping receipts for everything? ### Answer: The other reason you might want to keep receipts is if you do any freelancing or contract...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to allocate pre-tax money to a specific stock? ### Answer: Whether an investment is pre-tax is determined by the type of account (i.e., tax-advantaged vs ordinary taxable account), but ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would this FHA refinance cause my mortgage insurance payment to increase so much? ### Answer: In the spring of this year FHA increased their rates for Mortgage Protection insurance. (I am looking ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I cash out a check internationally? ### Answer: I've been a landlord and also a tenant. I have been able to deposit money in an account, where I have the account number, and/or a deposit slip....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm 23 and was given $50k. What should I do? ### Answer: Wow, hard to believe not a single answer mentioned investing in one of the best asset classes for tax purposes...real estate. Now, I'm not adv...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay more into company pension, or is there a better way to save? ### Answer: Re: Specifically, am I right in that everything I put on these is deducted from tax, or are there other rules? and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the risks associated with international investments? ### Answer: International investing entails greater risk, as well as greater potential rewards compared to U.S. investing. These risks inc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Am I still building a credit score if I use my credit card like a debit card? ### Answer: Regardless of how it exactly impacts the credit score, the question is does it help improve your credit situat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What makes a Company's Stock prices go up or down? ### Answer: I always liked the answer that in the short term, the market is a voting machine and in the long term the market is a weighing machine. P...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I deposit money as cash does it count as direct deposit? ### Answer: As RonJohn points out, direct deposit is something very different. What's going on here is that they are trying to exclude the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to options after a stock split? ### Answer: Since you asked about Apple, and I happen to have two positions - This is what happened. I was long the $500, short the $600, in effect, bett...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a “closed-end fund”? How is a closed-end fund different from a typical mutual fund? ### Answer: A closed-end fund is a collective investment scheme that is closed to new investment once the fu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Must a company have a specific number of employees to do an IPO? ### Answer: While there is no legal reason to have a minimum number of employees, there can be a practical reason. They want to look ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Fund or ETF that simulates the investment goals of an options “straddle” strategy? ### Answer: I am not aware of a single instrument that encapsulates what you are after; but the components do exist. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Offered a job: Should I go as consultant / independent contractor, or employee? ### Answer: To be honest I don't know how any of this work in the US so my answer will be of very limited value to yours...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are people able to spend more than what they make, without going into debt? ### Answer: That's just his base salary for last year. Keep reading in the article: He also received $1.6 million worth...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is being “upside down” on a mortgage so bad? ### Answer: tl;dr: when everything is going great, it's not really a problem. It's when things change that it's a problem. Finally, home loans are exte...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does the average log-return value of a stock mean? ### Answer: Knowing the log return is useful - the log return can help you to work out the annual return over the period it was estimated - and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: US taxes and refunding/returning payment ### Answer: Get the worker put it in writing, and deduct it in December under constructive receipt rules. The fact that you're getting the actual cash in Janua...