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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I fund a move by borrowing or selling other property assets? ### Answer: It depends what rate mortgage you can get for any extra loans... If you remortgage you are likely to get a rate of 3.5-...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where should I park my money if I'm pessimistic about the economy and I think there will be high inflation? ### Answer: Taking into account your POV I would recommend mostly goods that will be harder ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is gold shared in worldwide economies? ### Answer: Money is no longer backed by gold. It's backed by the faith and credit of the issuing government. A new country,say, will first trade goods for d...
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: There are several such "lists." The one that is maintained by the company is called the shareholder...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does the futures market affect the stock market? ### Answer: Can someone please explain how traders and investors use this price difference to trade? People use the price difference for small arbi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Optimal Asset Allocation ### Answer: There are a couple of reasons to diversify your assets. First, since we cannot predict which of our investments will perform best, we want to "cast our net" broadl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Applying for and receiving business credit ### Answer: I'm afraid the great myth of limited liability companies is that all such vehicles have instant access to credit. Limited liability on a company...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How exactly does dealing in stock make me money? ### Answer: This is a very good question! The biggest difference is that when you put money in a savings bank you are a lender that is protected by the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First job: Renting vs get my parents to buy me a house ### Answer: Rent. You have no idea whether you will still be in the same part of the country five years from now; you may not even be in the same...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the need to issue bonds a telltale sign that the company would have a hard time paying coupons? ### Answer: Apple is currently the most valuable company in the world by market capitalisation and it...
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: Stocks go down and go back up, that's their nature... Why would you sell on a low point? S...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why isn't money spent on necessities deductible from your taxes? ### Answer: The answer is simple. You can generally claim a deduction for an expense if that expense was used to derive an income. Of c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How smart is it to really be 100% debt free? ### Answer: This is a "stress" period, much like the 1930s and 1970s. At a time like this, it is smart to be debt free, and to have money saved for the lik...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with $4,000 cash and High Interest Debt? ### Answer: The difference in interest is not a huge factor in your decision. It's about $2 per month. Personally I would go ahead and knoc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a house, how much should my down payment be? ### Answer: As observed, there is no answer that will fit all, but below are some considerations: Your monthly requirement is 5000, so you have 3000...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Free Historical Commodity Prices in txt? ### Answer: Goldprice.org has different currencies and historical data. I think silverprice.org also has historical data. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to get life insurance as a beneficiary before the person insured dies? ### Answer: If the insurance policy is a whole-life (or variable life) policy, it might have a surrender value tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is insurance worth it if you can afford to replace the item? If not, when is it? ### Answer: Can you afford to replace it? What does that mean? Even if insuring means overpaying, it does spread the r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are buying and selling futures based on objective data? ### Answer: If you're simply a futures speculator, then yes, it does seem like gambling. If you're a farmer producing a few thousand bushels of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are cashiers required to check a credit card for a signature in the U.S.? ### Answer: Per their merchant agreements, Visa and MasterCard say that the signature on the back of the card is the proper wa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would anyone buy a government bond? ### Answer: Why would a bank buy government bonds? Why couldn't they just deposit their money in another bank instead? Generally, banks are limited by laws and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why invest in becoming a landlord? ### Answer: Let me add a few thoughts that have not been mentioned so far in the other answers. Note that for the decision of buying vs. renting a home i.e. for per...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good investment vehicle for introducing kids to investing? ### Answer: Buy them a physical stock certificate... you can request them from a broker, or buy through a company like http://www.o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it safer to send credit card number via unsecured website form or by e-mail? What safer options are there? ### Answer: Most people cannot use pgp/gpg and setting it up would, in order to do that co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does the term “match the market” mean? ### Answer: If your returns match the market, that means their rate of return is the same as the market in question. If your returns beat the market, that m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the contribution towards Employment Insurance (EI) wasted if I never get fired, or are my premiums refunded? ### Answer: Sorry, even if you never file a claim for Employment Insurance (EI), you don...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Set different trigger and sell price for Trailing Stop Limit ### Answer: It will depend largely on your broker what type of stop and trailing stop orders they provide. Saying that, I have not come acr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do banks finance shared construction as mortgages instead of financing it directly and selling the apartments in a building? ### Answer: The most succinct answer is "Banks are in the Money busines...
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: They are already indirectly paying these expenses. They should be built into your rates. The amount per job or per hour needs to cove...
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: This is another version of an old scam -- "let me have a check deposited in your account because I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is This A Scam? Woman added me on LinkedIn first, then e-mailed offering me millions of dollars [duplicate] ### Answer: In general, if you think something even MIGHT be a scam, the answer is"yes". ##...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What one bit of financial advice do you wish you could've given yourself five years ago? ### Answer: Bank every dollar possible to have more cash available for investing during the 2008/2009 crisis. #...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any other investing methods I should look into? ### Answer: 401Ks and IRAs are types of retirement accounts. They have rules regarding maximum amount of investments per year; who can invest;...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How will the fall of the UK Pound impact purchasing my first property? ### Answer: Just to get the ball rolling, here's an answer: it won't affect you in the slightest. The pound happened to be tumbli...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate how much a large stock position is really worth? ### Answer: One of two things is true: You own less than 5% of the total shares outstanding. Your transaction will have little to no e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much accounting knowledge is needed to read financial statements of publicly traded companies? ### Answer: From my experience you don't need knowledge of accounting to pick good stocks. The type o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying myself a dividend from ltd company ### Answer: manage the company properly. If you aren't much aware about company rules and regulation or tax matters, get an accountant so that you don't mess ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the economic benefits of owning a home in the United States? ### Answer: Altough this may vary a lot depending on where you live and your actual finance, here what convinced me buying a home ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much total salary to allocate to defer $17,500 to 401(k)? ### Answer: You're on the right track, and yes, that small difference is subject to income taxes. Do you use a payroll service? I do the s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean to long convexity of options? ### Answer: Convexity refers to vega. Gamma refers to delta. Negative carry refers to time decay. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do the tax consequences make it worth it for me to hold ESPP stock? ### Answer: Your gain is $1408. The difference between 32% of your gain and 15% of your gain is $236.36 or $1.60 per share. If you s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is giving my girlfriend money for her mortgage closing costs and down payment considered fraud? ### Answer: It's a gift if there are no strings attached. If you are rationalizing it to try to make it ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does it make any sense to directly contribute to reducing the US national debt? ### Answer: No, it makes no sense. The US national debt is different from other debt on TWO KEY WAYS : 1.) The nationa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock Trade Transaction Fee - at what point is it worth it ### Answer: The main question is, how much money you want to make? With every transaction, you should calculate the real price as the price...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does inflation mean to me? ### Answer: short answer: any long term financial planning (~10yrs+). e.g. mortgage and retirement planning. long answer: inflation doesn't really matter in short tim...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do consultants or contractors make more money than employees? ### Answer: The benefits and taxes thing, in my opinion is the biggie. Most people don't realize that the cost to the company for a fu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have savings and excess income. Is it time for me to find a financial advisor? ### Answer: Many of my friends said I should invest my money on stocks or something else, instead of put them in the ba...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I transfer money from a personal pension to a SIPP, while leaving the original pension open? ### Answer: Just to aid your searching, note that what your employer has provided you with access to is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any advantage to owning equity in a company compared to a royalty agreement? ### Answer: Each way you go is a little bit of a gamble. Owning equity in the company is best in situations wher...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Contract job (hourly rate) as a 1099: How much would I be making after taxes? ### Answer: If it's just you working, I'd use a ballpark figure of 35% owed - it may be a little high or low, but it's a s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: LLC Partnership Earned Income vs. Partnership Share ### Answer: Why would you file four K-1s for each partner? You file one K-1 per partner, on which you report the total of income attributed to that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How safe is a checking account? ### Answer: In the case of bank failures You are protected by FDIC insurance. At the time I wrote this, you are insured up to $250,000. In my lifetime, it has been as...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I determine if my portfolio's rate of return has been “good”, or not? ### Answer: It's important to realize that any portfolio, if sufficiently diversified should track overall GDP growth, and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do Online Currency Exchanges' registration with the government guarantee safety and reliability? ### Answer: Government registering of financial institutions usually is to make the government safe (eg...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Alternative to Jumbo Mortgage ### Answer: You should also be aware that there are banks that do business in the US that do not deal with Fannie Mae, and thus are not subject to the rules about conform...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can paying down a mortgage be considered an “investment”? ### Answer: If by "investment" you mean something that pays you money that you can spend, then no. But if you view "investment" as something t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Cash or Bonds (UK) ### Answer: The 'appropriate' amount of cash/bonds to hold will be largely a matter of opinion, but here are the general reasons why having at least some is a good idea: Cash is ver...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I want to take cash from Portugal to the USA, should I exchange my money before leaving or after arriving? ### Answer: You can find lots of answers to this question by googling. I found at least f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best credit card for someone with no credit history ### Answer: You have what is called in the biz a "thin file". Check with a Credit Union. They will get you a secured card or maybe a s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Clear example of credit card balance 55 days interest-free “trick”? ### Answer: I think this stuff was more valid when grace periods were longer. For example, back in the 90's, I had an MBNA card with...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are investor's preference for dividends justified? ### Answer: Some investors (pension funds or insurance companies) need to pay out a certain amount of money to their clients. They need cash on a per...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I wait to save up 20% downpayment on a 500k condo? ### Answer: The simple answer is yes - put 20% (or more) down. In the past I have paid PMI and used a combination first and second mortgage to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Found an old un-cashed paycheck. How long is it good for? What to do if it's expired? ### Answer: This varies by jurisdiction somewhat but speaking as a Canadian, a small business owner, and accountan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Most common types of financial scams an individual investor should beware of? ### Answer: If anyone offers you guaranteed better than average returns, run. They are either lying to you or to themselve...
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: Let's consider that transaction cost is 0(zero) for calculation. In the scenario you have stated, maximum profit that could be made is 5...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a car - advice needed ### Answer: If it costs more to fix the car than the car is worth, then those repairs are not worth it. Hit craigslist and look for another junker that runs, but is in yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I account for 100 percent vendor discounts in GnuCash 2.6.5 ### Answer: I am no expert on the situation nor do I pretend to act like one, but, as a business owner, allow me to give you my perso...
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: never carry a balance on a credit card. there is almost always a cheaper way to borrow money. the exception to that rule is when you are o...
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: If your employer is matching 50 cents on the dollar then your 401(k) is a better place to put your money than paying off credit cards This. As...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I cash out my Roth IRA to pay my mother's property tax debt, to avoid foreclosure on her home? ### Answer: First, I'm really sorry to hear about your mother. My wife was recently diagnosed with...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any rules against penalizing consumers for requesting accurate credit reporting? ### Answer: I think you're off base here. The bureaus only remove information if the creditor cannot verify ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the reasons to get more than one credit card? ### Answer: Someone mentioned sign up bonuses but only mentioned dollar values. You might get points, sweet, sweet airline points :) which some m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Asset Allocation Paradox ### Answer: Asset Allocation serves many purposes, not just mitigating risk via a diversification of asset classes, but also allowing you to take a level of risk that is a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will capital gains affect my tax bracket? ### Answer: I think you're misunderstanding how tax brackets work. If you make $1 more and that bumps you into a higher bracket, only THAT particular dollar w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a car company refuse to give me a copy of my contract or balance details? ### Answer: The comments are getting too much, but to verify that you are not insane, you are being bullied. It sounds li...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When should I walk away from my mortgage? ### Answer: The worth of a credit score (CS) is variable. If you buy your stuff outright with 100% down then your CS is worthless. If you take a loan to buy ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to make money from a downward European market? ### Answer: Invest in solid companies, not in esoteric products built on sand. The problem is with finance, not with real economy: oil companies make...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Negatives to increased credit card spending limit? [duplicate] ### Answer: There is another drawback, and this is why I keep a low-limit card for online purchases and another for carrying in risky/unf...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why buy a vertical spread if I could instead buy a naked call? ### Answer: Late to the party, but it's just improving your cost basis in a defined risk trade even further. If you want to put up less r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: help with how a loan repayment is calculated ### Answer: In this case, it looks like the interest is simply the nominal daily interest rate times number of days in the period. From that you can use a ...
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: Forget about terms. Think about loans in terms of months. To simplify things, let's consider a $1000 loan wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the IRS reprieve those who have to commute for work? ### Answer: You cannot deduct commute expenses. Regarding your specific example, something to consider is that if the standard of living is hi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What ways are there for us to earn a little extra side money? ### Answer: There are a number of ways and it all depends on your concentration and range of skills (or skills you're willing to develop)....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people buy insurance even if they have the means to overcome the loss? ### Answer: All investors have ultimately the same investment goal: maximize returns while limiting risk to an acceptable ...
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: Definitely not. Credit cards only exist to suck you into the soulless corporate system. What you want to remember...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I have to explain the source of *all* income on my taxes? ### Answer: Well, that's probably not even all of it. If that stranger did his taxes properly, then he already paid about a third of it to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How many days does Bank of America need to clear a bill pay check ### Answer: My bank's bill payment system saves nothing more than writer's cramp and stamps. When a paper check is required they mail...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Possibility to buy index funds and individual funds in a Canadian TFSA ### Answer: This page from the CRA website details the types of investments you can hold in a TFSA. You can hold individual share...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ethics and investment ### Answer: Peer to peer lending such as Kiva, Lending Club, Funding Circle(small business), SoFi(student loans), Prosper, and various other services provide you with access to t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When the Reserve Bank determines the interest rates, do they take the house prices into account? ### Answer: I'm not intimately familiar with the situation in Australia, but in the US the powers that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When should I start an LLC for my side work? ### Answer: The major reason to start an LLC for side work is if you want the additional personal liability protection afforded by one. If you're operatin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What else besides fees should I consider in rebalancing my fund portfolio's asset allocation? ### Answer: Taxes Based on the numbers you quoted (-$360) it doesn't appear that you would have a taxable...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Saving for retirement without employer sponsored plan ### Answer: You might consider working on getting your new employer to sponsor a 401k, there may be options where you can invest and they aren't r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does high frequency trading work if money isn't available for 2-3 days after selling? ### Answer: Purchases and sales from the same trade date will both settle on the same settlement date. They do...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Could there be an interest for a company to make their Share price fall? ### Answer: Are you really talking about share price, or share value? Because what about stock splits? Market Cap stays the sam...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can cause rent prices to fall? ### Answer: The buy-to-rent investment bubble created (in some markets) a large number of new housing starts often exceeding the available demand. Since people wer...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to treat miles driven to the mechanic, gas station, etc when calculating business use of car? ### Answer: I contacted Stephen Fishman, J.D., the author of Home Business Tax Deductions, to let him ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Cannot get a mortgage because I work through a recruiter ### Answer: They are looking at your work history to see that you have maintained a similar level of income for a period of time, and that you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with the change in my change-jar? ### Answer: I don't know if those machines work this way in the UK too, but here in the US you can often avoid the coin-counting fee if you opt to co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does selling and then rebuying stock not lead to free money? ### Answer: There are a few people that do this for a living. They are called "market makers" or "specialists" in a particular stock. F...