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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I pay off my private student loans that have a lot of restrictions? ### Answer: It's definitely NOT a good idea to pay off one of the smaller loans in your case - a $4k payment split across...
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: So my read on the question is "How do I invest 300k such that it earns me a 'living wage' without the ongoing grind inher...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the important differences between mutual funds and Exchange Traded Funds (ETFs)? ### Answer: Behind the scenes, mutual funds and ETFs are very similar. Both can vary widely in purpose and po...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Under what circumstance will the IRS charge you a late-payment penalty for taxes? ### Answer: In practice the IRS seems to apply the late payment penalty when they issue a written paper notice. Those...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Choose online stock trading companies ### Answer: Lower fees are always better, everything else equal. A lower fee makes your transaction overall a better deal, all else equal. Other transactions cos...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How inflation in China makes real exchange rate between China and US to rise? ### Answer: Chinese currency is not freely convertible. Its exchange rate is not determined by the market but rather by th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay cash for a home, get a reverse mortgage, and buy stock ### Answer: I think you're missing a couple of things. First - why do you think its a reverse mortgage? More likely than not its a regular mo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Online tutorials for calculating DCF (Discounted Cash Flow)? ### Answer: Check out Professor Damodaran's website: http://pages.stern.nyu.edu/~adamodar/ . Tons of good stuff there to get you started. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is it good to borrow money to buy a house? ### Answer: First, who is saying that it is a better option? In general it is best to pay cash for things when you can. I think the reality is that for m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to determine how much to charge your business for rent (in your house)? ### Answer: Your best approach is to assess rent levels in your local area for offices of a similar size. You need to take i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does “Yield Curve” mean? ### Answer: Great question! A Yield Curve is a plot of the yields for different maturities of debt. This can be for any debt, but the most common used when discussing yi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How often do typical investors really lose money? ### Answer: I'll just add this: In the best hedge funds and proprietary trading funds, stock selection is approached very scientifically in order to m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: “Occupation” field on IRS Form 1040 ### Answer: It doesn't generally matter, and I'm not sure if it is in fact in use by the IRS other than for general statistics (like "this year 20% of MFJ returns w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any specific examples of company valuations according to Value Investing philosophy? ### Answer: I highly recommend http://pages.stern.nyu.edu/~adamodar/ Professor Damodaran. He's written some of the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a company goes private, does it still count as a capital gain/loss? ### Answer: does it still count as a capital gain or loss? Yes. Is it essentially treated like you sold the stock at the price of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Planning to invest in stock, age 16 ### Answer: Don't try individual stocks. If you have a job, any job, even one from mowing lawns, you can open a Roth IRA. If you are under 18 you will need your par...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is short selling a good hedging strategy during overzealous market conditions? ### Answer: Below is just a little information on short selling from my small unique book "The small stock trader": Shor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Starter Enterprising Investor ### Answer: The steps you outlined are fine by themselves. Step 5, seeking criticism can be less helpful than one may think. See stocktwits.com There are a lot of oppos...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Economics of buy-to-let (investment) flats ### Answer: Lucky you - here where I live that does not work, you put money on the table year 1. Anyhow... You HAVE to account for inflation. THat is where ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to file tax for the sale of stocks from form 1099B? ### Answer: You report each position separately. You do this on form 8949. 7 positions is nothing, it will take you 5 minutes. There's a tip on ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Joint Account for Common Earnings ### Answer: Short Answer: Go to the bank and ask them about your options for opening a business account. Talk to an attorney about the paperwork and company structure...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does Yahoo Finance's data for a Vanguard fund's dividend per share not match the info from Vanguard? ### Answer: In the context of EDV, 4.46 is the indicated dividend rate. The indicated dividend ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does “interest rates”, without any further context, generically refer to? ### Answer: When "people say", each person is referring to whatever he/she is looking at. Interest rates tend to move ro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does financial investor bother to buy derivatives and then hedge the position? ### Answer: I don't know why a financial investor or a retail trader would do this. But I can guess why a market make...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any Ubiquitous Finance App That is on Mac, iOS and Windows? ### Answer: Mint.com is a web app with an iPhone (and Android) app. Also, You Need A Budget appears to support all three. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The best credit card for people who pay their balance off every month ### Answer: PenFed Platinum Cashback Rewards Visa Card is another good choice. Pros: Cons: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the point of a benchmark? ### Answer: Yes an index is by definition any arbitrary selection. In general, to measure performance there are 2 ways: By absolute return - meaning you want a positiv...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making an offer on a property - go in at market price? ### Answer: Both of my primary home purchases were either at, or close to asking price. My first house was during the local seller's market in 20...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any investment strategies which take advantage of an in-the-money option price that incorporates no “time value”? ### Answer: It depends on the volatility of the underlying stock. But for "n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Super-generic mutual fund type ### Answer: You can also create a CD ladder (say 1/3 in a 6 month CD, 1/3 in a 1 year CD, 1/3 in a 2 year CD) with half of your emergency fund money. You always want to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to file a tax return as a student? ### Answer: In the U.S., Form 1040 is known as the tax return. This is the form that is filed annually to calculate your tax due for the year, and you eit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to protect a Stock you still want to own from a downturn? ### Answer: Of the two, an option is a more reliable but more expensive means to get rid of a stock. As sdg said, a put option is basicall...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Austrailian tax resident earning salary in the UK - how much tax do I pay on foreign income? ### Answer: This page and this page on the ATO website provide some information on tax rates. They're rathe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does the Fed use PCE over CPI? ### Answer: Consumers aren't the only economic participants impacted by a change in the Fed rate.... Inflation has WIDE ranging implications from the future liabilit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does it make sense to take out student loans to start an IRA? ### Answer: Depending on the student loan, this may be improper usage of the funds. I know the federal loans I received years ago were to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What percent of a company are you buying when you purchase stock? ### Answer: As you can see at https://www.google.com/finance?q=NASDAQ%3AAAPL the number of apple shares at this very moment is 5.25B, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock doesn't pay dividends, then why is the stock worth anything? ### Answer: Securities change in prices. You can buy ten 10'000 share of a stock for $1 each one day on release and sell it for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying back a covered Call ### Answer: if you buy back the now ITM calls, then you will have a short term loss. That pair of transactions is independent, from a tax perspective, of your long position ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I find all public companies' information? ### Answer: Edgar Online is the SEC's reporting repository where public companies post their forms, these forms contain financial data Stock screene...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does APR mean I'm paying? ### Answer: Welcome to the world of personal finance. IMO, you are heading for trouble. To answer your question, the APR is the annual percentage rate, or what you pay ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I Use an Investment Professional? ### Answer: Let me start with something you might dismiss as trite - Correlation does not mean Causation. A money manager charging say, 1%, isn't likely to ta...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If stock price drops by the amount of dividend paid, what is the use of a dividend ### Answer: I'm not a financial expert, but saying that paying a $1 dividend will reduce the value of the stock by $1...
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: There is a mathematical way to determine the answer, if you know all the variables. (And that's a big if.) For example, suppose you r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I make more conservative investments in my company 401(K) if I'm going to leave the job in a couple of years? ### Answer: Your retirement PLAN is a lifelong plan and shouldn't be tied to your e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: GNUCash: How to count up equity? ### Answer: I would say when starting with Gnucash to start with the level of granularity you are comfortable with while sticking to the double entry bookkeeping pract...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to avoid getting back into debt? ### Answer: I'm going to subtly and cheekily change the obvious advice. There are three ways to deal with negative cashflow, not two: You're currently studying for...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying off a loan with a loan to get a better interest rate ### Answer: Your current loan is for a new car. Your refinanced loan would probably be for a used car. They have different underwriting stan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Historical Stock Prices of delisted company [duplicate] ### Answer: You need a source of delisted historical data. Such data is typically only available from paid sources. According to my records, Law...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is selling put options an advisable strategy for a retiree to generate stable income? ### Answer: Yes -- If you are prepared to own the stock and have the cash to buy it, it can be a good way to gener...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which first time Stocks and Shares ISA for UK, frequent trader UK markets? ### Answer: I wouldn't only consider the entry/exit cost per trade. That's a good comparison page by the way. I would also co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How credible is Stansberry's video “End of America”? ### Answer: I know nothing about the guy, but I think the "premium" products (Penny stock recommendations, a newsletter devoted to earning 12% per ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Difference between GOOGL and GOOG ### Answer: Note that these used to be a single "common" share that has "split" (actually a "special dividend" but effectively a split). If you owned one share of Goo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I be aware of as a young investor? ### Answer: As a young investor, you should know that the big secret is that profitable long term investing is boring. It is is not buying one day and s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If something is coming into my account will it be debit or credit in my account? ### Answer: If you are considering this to be an entry for your business this is how you would handle it.... You said y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I get into investing in stocks? ### Answer: That is a loaded question but I'll give it a shot. First things first you need to determine if you are ready to invest in stocks. If you have a lot...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using credit cards online: is it safe? ### Answer: So, my questions: Are payment cards provide sufficient security now? Yes. If so, how is that achieved? Depending on your country's laws, of course. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How will a 1099 work with an existing W-2? ### Answer: You can do either a 1099 or a W-2. There is no limitations to the number of W-2s one can have in reporting taxes. Problems occur, with the IRS,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to evaluate an annuity ### Answer: Guaranteed 8.2% annual return sounds too good to be true. Am I right? Are there likely high fees, etc.? You're right. Guaranteed annual return is impossible, e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a catch to offers of $100 when opening up a new checking account? ### Answer: To add in a brief expansion to Portman's complete answer. The payment can also be thought of as compensation for...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If the co-signer on my car loan dies, can the family take the car from me like they're threatening to? ### Answer: It looks to me like this is a 'call an attorney' situation, which is always a good id...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Prize Money, Taxes and Foreign / International Students ### Answer: The committee folks told us Did they also give you advice on your medication? Maybe if they told you to take this medicine or that y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: which types of investments should be choosen for 401k at early 20's? ### Answer: The question you should be asking yourself is this: "Why am I putting money into a 401(k)?" For many people, the answer...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are various types of income taxed differently in the USA? ### Answer: Many individual states, counties, and cities have their own income taxes, payroll taxes, sales taxes, property taxes, etc., yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying insurance (extended warranty or guarantee) on everyday goods / appliances? ### Answer: One important issue that has yet to be covered is the cost (to you) in terms of paperwork, lost time, and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do margins on tracker mortgages (variable rate mortages) vary over time? ### Answer: how do these margins vary over time Depends on a lot of factors. The bank's financial health, bank's ongoing bu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference when asked for “debit or credit” by a store when using credit and debit cards? ### Answer: Credit in debit way - the card simply functions like a debit card for that transaction ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I convert spread option into regular call or put? ### Answer: Yes. There are levels of option trading permission. For example, I've never set myself up for naked put writing. But, if you already ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what point should I begin paying off student loans? ### Answer: Everyone has made some good points that I was going to mention but to put it in terms that might make it easier to decide. As stated ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I even need credit cards? ### Answer: People have credit cards for various reasons depending upon their personal situation and uses You don't need to have a Credit Card if you don't have a reason ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a more expensive house as a tax shelter (larger interest deduction)? ### Answer: Two points You don't really get the full 10,000 annual interest as tax free income. Well you do, but you would ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any downside to using temporary credit card numbers with subscription services? ### Answer: I did just what you suggest. The card company honored the charge, they told me the temporary number...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros and cons of investing in a cheaper vs expensive index funds that track the same index ### Answer: Cheaper would refer to the fees of a fund rather than the share price, IMO. Are 2 quarters worth ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A guy scammed me, but he gave me a bank account number & routing number. Can I use that to take out what he owes me? ### Answer: OK, reading between the lines here it looks like the services offered b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing: P/E Ratio basic question ### Answer: While on the surface it might not make sense to pay more than one dollar to get just one dollar back, the key thing is that a good company's earnings ar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Home owners association for houses, pro/cons ### Answer: As I understand it the basic premiss of a HOA is to ease communication between neighbors and help work towards common community goals. As I un...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I keep most of my banking, credit, and investment accounts at the same bank? ### Answer: I've had all my account with the same bank for all my life. Generally, the disadvantage is that if I wan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Property Trust - who or what is the Owner? ### Answer: I am not a lawyer, and I am assuming trusts in the UK work similar to the way they work in the US... A trust is a legally recognized entity that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to get started with savings, paying off debt, and retirement? ### Answer: Communicate. I would recommend taking a course together on effective communications, and I would also suggest taking a cou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the disadvantages to borrowing money for energy conservation measures / solar panels? ### Answer: If you sell the property before the ten years are up, the panels might have declined in value...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sales Tax Licence/Permit - When is it required and how can I make a use of it as a non-US resident selling in USA? ### Answer: Disclaimer: I am not a tax specialist You probably need a sales tax permi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where do large corporations store their massive amounts of cash? ### Answer: You can find out the general types of investments by reading the public corporation 10-Q report that is filed with the SEC ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any reason not to put a 35% down payment on a car? ### Answer: Do you guys think it's a good idea to put that much down on the car ? In my opinion, it depends on a lot of factors. If you hav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are long term capital gains taxes calculated? ### Answer: Capital gains taxes for a year are calculated on sales of assets that take place during that year. So if you sell some stock in 2016, you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Homeowners: How can you protect yourself from a financial worst-case scenario? ### Answer: Think about your priorities in life. Everybody is a little different. In my case I have a wife and child, s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there such thing as a Checking account requiring pre-approval / white-list? ### Answer: There is no bank that I know of offering such a feature and I'm not sure what the point of it would be (other...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people use mortgages, when they could just pay for the house in full? ### Answer: Condensed to the essence: if you can reliably get more income from investing the cost of the house than the mor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Friend was brainwashed by MLM-/ponzi investment scam. What can I do? ### Answer: I believe the only thing you haven't mentioned to him is the possibility that his activity is criminally fraudulent. I ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the risks of Dividend-yielding stocks? ### Answer: No stock is risk-free. Some of the biggest companies in the country, that seemed incredibly stable and secure, have suffered severe downturn...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How will interest rate changes affect my government bonds ETF? ### Answer: In general, yes. If interest rates go higher, then any existing fixed-rate bonds - and hence ETFs holding those bonds - becom...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which dividend bearing stock should be chosen by price? ### Answer: Price doesn't mean anything. Price is simply total value (market capitalization) divided by number of shares. Make sure you conside...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I find out what percentage the publicly traded shares (float) are of the total company? ### Answer: I think you're looking for the public float: Public float or the unqualified term may also r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a standard for naming stocks exchanges? Is there a list of abbreviated names? ### Answer: Wikipedia is your friend: http://en.wikipedia.org/wiki/List_of_stock_exchanges ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I figure out the market value of used books? ### Answer: Regarding the textbooks and technical books, it might be worth checking out sites like Chegg.com or other textbook rental websites. They...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Payroll taxes on exercised stock options ### Answer: To explain the capital gains part of the question, non qualified stock options (NSOs) are always treated like earned income and have payroll taxes ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Bank of the Sierra: Are they legit? How can the checking interest APY be so high? ### Answer: I believe MrChrister's answer is correct: Since they're FDIC insured, they are "legit." Second, on the s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much will a stock be worth after a merger? ### Answer: For the first and last questions, I can do this multiple ways. For the middle question, I'll just make up values. If you want different one...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a 529 plan help me save for my child's college education? ### Answer: You get to put money away with special tax incentives (ie - no or less taxes to pay) They are state sponsored and therefo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: $10,000 to invest in the house - Pay down principal or spruce up to increase appraisal? ### Answer: There is no guarantee improvements will raise the appraised value. You also don't want your propert...
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: Your thinking is unfortunately incorrect; an amortising loan (as opposed to interest only loans) pay down, or ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do investors buy stock that had appreciated? ### Answer: From an amateur: Prices aren't entirely rational - they float, and the day to day prices of stock are an excellent example of this. So how...