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FinQA

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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens when they run out of letters? ### Answer: The 3-letter tickers are from a different era.... Nowadays the usage of tickers is more of a "legacy" tradition rather than a current necessity. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to use DRIP or invest when stock drops before ex-date? ### Answer: Unless you suffer from the illusion that you can time the market, it honestly doesn't matter much; the difference is los...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to rebalance a portfolio without moving money into losing investments ### Answer: You are very correct, rebalancing is basically selling off winners to buy losers. Of course the thinking is that s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to invest in stocks without using an intermediary like a broker? Can shares be bought direct? ### Answer: In theory you can buy shares directly from someone else who owns them. In practise, if the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Money Structuring ### Answer: There's a difference between your street level drug dealer sending you sales proceeds of $20,000 in $5,000 increments to avoid sending you $10,000 or $20,000 at once to a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I invest in my house, when it's in my wife's name? ### Answer: If you are concerned about it being inequitable due to the prenuptial agreement, discuss the idea of amending the prenuptial agree...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where should a young student put their money? ### Answer: It really is dependent upon your goals. What are your short term needs? Do you need a car/clothing/high cost apartment/equipment when you st...
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: I was offered a student credit card and refused it. If I'd taken it and used it sparingly, paying o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have $10,000 sitting in an account making around $1 per month interest, what are some better options? ### Answer: There are many considerations before deciding on the best place for your funds: How ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How big of a mortgage can I realistically afford? ### Answer: Let's start with income $80K. $6,667/mo. The 28/36 rule suggests you can pay up to $1867 for the mortgage payment, and $2400/mo total debt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it advisable to go for an auto loan if I can make the full payment for a new car? ### Answer: Without knowing the terms of the company leased car, it's hard to know if that would be preferable to p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some time tested passive income streams? ### Answer: I owned and managed a few residential properties. At one time the net cash flow was on the order of $1000 per month. But it was work. L...
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: And then there is the issue of people who actually don't intend to reduce the size of their loan. They only want to pay the interest, so th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How meaningful is the “stock price” of a stock? ### Answer: The information on GOOG or other sites is the average price of the stock and is indicative of the price at with the stock would be available...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why public companies care how their stock price fluctuates? [duplicate] ### Answer: The folks who hold stock are the legal owners of the company. If a majority of stock holders become unhappy with the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should one structure a portfolio given the possibility that a Total Stock Market Index might decline and not recover for a long time? ### Answer: Common financial advice is just that - it is commo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which U.S. online discount broker is the best value for money? ### Answer: I agree, Schwab representatives are easy to reach and very helpful. I also like Vanguard for their low mutual fund fees, so I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In USA, what circumstances (if any) make it illegal for a homeless person to “rent” an address? ### Answer: It depends on the rules in the specific places you stay. Specific places being countries or...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is everyone saying how desperately we need to save money “in this economy”? ### Answer: This was called Financial repression by Edward S. Shaw and Ronald I. McKinnon from Stanford (https://en.wiki...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the value in using the “split transaction” feature present in some personal finance management tools? ### Answer: Split transactions are indispensable to anybody interested in accurately track...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Saving tax for long term stock investment capital gain by quiting my current job? ### Answer: Reducing your income by 20k is guaranteed to lower your tax bill by less than 20k (because there are no ta...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would someone want to buy an option on the day of expiry ### Answer: Yes there will be enough liquidity to sell your position barring some sort of Flash Crash anomaly. Volume generally rises on th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is company provided health insurance tax free, but individual health insurance is not? ### Answer: This probably is a question that belongs on History but here's the basic reason: the or Employee ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the downsides that prevent more people from working in high-income countries, and then retiring in low-income (and cost of living) ones? ### Answer: A lot of good answers, but there’s one mor...
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: 3 reasons I can think of: I once worked for a bank and when credit scoring for loans, if you had been approved by different instituti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First time investing advice (Canada) ### Answer: Two to three years? That is one long gestation period! :^) Welcome. Congratulations on taking savings into your own hands, you are a winner for takin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do people tend to spend less when using cash than credit cards? ### Answer: I don't think that there is any good way a study can average this and bring a useful result: The core problem is that there ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what age should I start or stop saving money? ### Answer: You've never saved money? Have you ever bought anything? There probably was a small window of time that you had to pool some cash to buy ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Personal taxes for Shopify / Paypal shop? ### Answer: I'm assuming you're in the United States for this. I highly recommend getting a CPA to help you navigate the tax implications. Likely, you'll pay ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do Options take Dividend into account? ### Answer: The CBOE had a great article on this. I will search for it and edit. The normal dividends are not adjusted. Which is why you see early exercise of ju...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what point do index funds become unreliable? ### Answer: private investors that don't have the time or expertise for active investment. This may be known as every private investor. An index fund e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How fast does the available amount of gold in the world increase due to mining? ### Answer: For the last few years around 2,500 metric tonnes of gold have been produced each year. This is on top of e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Supply & Demand - How Price Changes, Buy Orders vs Sell Orders [duplicate] ### Answer: That is mostly true, in most situations when there are more buy orders than sell orders (higher buy volume orders...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are warehouse clubs like Costco and Sam's Club worth it? ### Answer: I'm guessing it depends on how much you'd be paying for membership. If you save more than the membership costs you and you actually...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can institutional, quant, or other professional traders “prey on” (make money from) retail investors? ### Answer: The primary advantage of HFTs is their speed to act upon opportunities that exist for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why not pay in full upfront for a car? ### Answer: Two adages come to mind. Never finance a depreciating asset. If you can't pay cash for a car, you can't afford it. If you decide you can finance at a...
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: This is called a fraudulent conveyance because its purpose is to prevent a creditor from getting repaid. It is subject to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First concrete steps for retirement planning when one partner is resistant ### Answer: To answer your question: As far as what's available in addition to your 401(k) at work (most financial types will...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Putting the gordon equation into practice ### Answer: The Gordon equation does not use inflation-adjusted numbers. It uses nominal returns/dividends and growth rates. It really says nothing anyone wou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a wise decision to sell my ESPP stock based on this situation? ### Answer: ESPP tax treatment is complicated. If you received a discount on the purchase of your stock, that discount is taxable ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tools for comparing costs between different healthcare providers? ### Answer: When I had a high-deductible healthcare plan, I used http://www.ehealthinsurance.com/ to do comparisons among the plans. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I might use a credit card convenience check. What should I consider? ### Answer: Read the terms carefully. With promotional offers, if you do anything "bad", the promotion is terminated and you immed...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's an economic explanation for why greeting cards are so expensive? ### Answer: We generally speak of the "elasticity of demand". Greeting cards are expensive because they can be. We buy them in a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What governs the shape of price history graphs? ### Answer: Dividend-paying securities generally have predictable cash flows. A telecom, electric or gas utility is a great example. They collect a fair...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a subsidy? ### Answer: Subsidy usually means gratuitous financial support. For example, if for whatever reason you live much below the living average paying utility services in full might be t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How Should I Start my Finance Life and Invest? ### Answer: The best way to start out is to know that even the experts typically under-perform the market, so you have no chance. Your best bet is to in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to transfer money to yourself internationally? ### Answer: Although I have not tried, you can check out the Western Union Money Transfers. http://www.westernunion.com/WUCOMWEB/staticMid.do?method=...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying puts without owning underlying ### Answer: Yes, it's completely normal to buy (and sell) puts and other options without holding the underlying. However, every (US) brokerage I know of only per...
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: As @mbhunter says, make sure you pay off any debt you have first. Then, it's a good idea to keep some or all of you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock Certificate In two names ### Answer: The common way to frame the "should I sell" question is ask yourself "would you buy it today at the current price". If you wouldn't, sell it. Is sounds lik...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Cost of Living overstated? ### Answer: I'm not convinced that cost of living is related to ensuring greater appreciation of assets over time, especially over a 30 year window. The importance of reg...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Fringe Benefits (Lodging) for single member S-Corp ### Answer: None whatsoever, no. Moreover, trying something like that would very likely trigger a full audit. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: want to refinance FHA loan, may move out unexpectedly and would like to keep as investment property, what are my options? ### Answer: Most likely no. Just make sure to read the fine print. I'm in ex...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do buyers of bond ETFs need to pay for accrued interest? ### Answer: No. Investors purchase ETFs' as they would any other stock, own it under the same circumstances as an equity investment, collecting...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a way to roll over short-term gains and avoid capital gain tax ### Answer: If the investments are in a non-retirement, taxable account, there's not much you can do to avoid short-term capital...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to transform dividends into capital gains? ### Answer: In the US, dividends have special tax treatment similar to, but not the same as Capital Gains. No easy way to transform one to the other, the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Setting up general ledger/tax reporting for a Real Estate Rental LLC in GnuCash ### Answer: You will need to set up accounts in your chart of accounts for each of the partners. These are equity accoun...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Definitions of leverage and of leverage factor ### Answer: This would clear out a lot more. 1) Leverage is the act of taking on debt in lieu of the equity you hold. Not always related to firms, it app...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a clearing bank, in specific, what does RMB clearing bank do? ### Answer: Clearing means processing unsettled transactions. Specifically - all the money transfers between the banks, in this ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some factors I should consider when choosing between a CPA and tax software ### Answer: Hiring a CPA comes into play if you're doing something that requires judgement or planning, such as val...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are BIC and SWIFT code the same things? ### Answer: BIC and IBANN are used in EU (and some other OECD countries) for inter bank transfers. SWIFT is used everywhere for interbank transfers. In the US -...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are 'no interest if paid in in x months' credit cards worth it? ### Answer: You can't buy it outright. You can't take the time to save up. if the remaining choice is between a card that charges from d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Income in zero-interest environment ### Answer: anything that produces steady income will produce a "real return" (return above inflation) in a zero-interest rate environment: Note, however, that all ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I find closed dates for the New York Stock Exchange for the coming year? ### Answer: You can find the NYSE holiday dates listed on the exchange's own site (already linked in answer above), w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stocks tend to trade at high volumes at the end of (or start) the trading day? ### Answer: Trading at the start of a session is by far higher than at any other time of the day. This is mostly d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stocks gap up after a buyout is announced? ### Answer: The price gaps up because the offer is for a price above the current price. Therefore people want to buy now before the price jumps to the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What causes discontinuities with stock prices ### Answer: During the 12 plus hours the market was closed news can change investors opinion of the stock. When the market reopens that first trade could ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I invest in securities denominated in a foreign currency, should I hedge my currency risk? ### Answer: Like most other investment decisions - it depends. Specifically in this case it depends upon y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I wait a few days to sell ESPP Stock? ### Answer: It depends on how the program is run. If the company runs the program out of treasury stock (shares that are authorized, but not issued), then ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are 'per trade' fees charged on every order or just once per stock? ### Answer: The answer, like many answers, is "it depends". Specifically, it depends on the broker, and the type of account you have...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stocks only listed with one exchange in one place? ### Answer: Depends. The short answer is yes; HSBC, for instance, based in New York, is listed on both the LSE and NYSE. Toyota's listed on the T...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Good at investing - how to turn this into a job? ### Answer: You need to do a few things to analyze your results. First, look at the timing of the deposits, and try to confirm the return you state. If...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Settling house with husband during divorce. Which of these two options makes the most sense? ### Answer: Both seem to be reasonable. To decide you need to guess if the value of the house will go up or...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the purpose of endorsing a check? ### Answer: I believe the banks are protecting themselves when they "require" your endorsement. Years ago. they used to ask for your endorsement, and not requ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any “Personal” Finance app that allows 2 administrators? ### Answer: The best solution I've been able to find for this is MoneyWiz, where both are logged into the same sync account. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: An online casino owes me money and wants to pay with a wire transfer. Is this safe? ### Answer: Someone online asking for your bank account info never has your best interests at heart. They can send y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay online: credit card or debit card? ### Answer: I use another solution: debit card with an account kept empty most of the time and another account in the same bank without any card. I keep the mone...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth having a pension? ### Answer: On the face of it, it doesn't look like a very good deal - neither pension not annuity company are in it for the fun of it, so they'll take their cut from you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are my best options if I don't have a lot of credit lines for housing loans? ### Answer: The short answer is, with limited credit, your best bet might be an FHA loan for first time buyers. They ...
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: Do I have to explain the source of all income on my taxes? "Yes, you do", say the ghosts of Ermenegildo and Mary Cesarini. http...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying my first car out of college ### Answer: Generally speaking, buying a fancy new car out of college is dumb. Buying a 3 year old flashy car with a 60 month loan is going to eat up your income, an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Break Even On Options Contracts ### Answer: Simple answer: Breakeven is when the security being traded reaches a price equal to the cost of the option plus the option's strike price, assuming you choo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to bear in mind when considering a rental home as an investment? ### Answer: Started to post this as a comment, but I think it's actually a legitimate answer: Running a rental property is neither...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the alternatives to compound interest for a Muslim? ### Answer: It depends whether you want to be technically compliant with the letter of the law or compliant with the underlying meaning. Fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Following an investment guru a good idea? ### Answer: I think following the professional money managers is a strategy worth considering. The buys from your favorite investors can be taken as strong si...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Typically how many digits are in a cheque number? ### Answer: Checks are normally numbered sequentially, to keep them unique for record-keeping purposes. The check number takes as many digits as it ta...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Transfering money from NRE to saving account is taxable or not ### Answer: There are quite a few things here; Edit: If you are away for 2.5 Years, you are NRE. Your situation is slightly tricky in the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do brokers make money from margin accounts? ### Answer: They will make money from brokerage as usual and also from the interest they charge you for lending you the money for you to buy your shares...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Repaying Debt and Saving - Difficult Situation ### Answer: Your mother has a problem that is typical for a woman with children. She is trying to help her children have a good life, by sacrificing to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Brief concept about price movement of a particular stock [duplicate] ### Answer: The problem with predicting with accuracy what a stock price will do in any given situation is that there are two main ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy stock in Canadian dollars or US? ### Answer: General advice for novice investors is to have the majority of your holdings be denominated in your home currency as this reduces volatility which can ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Intelligent Investor: Northern Pacific Railway example ### Answer: The company was paying "only" $1 a share in dividends, compared to $10 a share in earnings. That is a so-called payout ratio of 1...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the maximum number of options I can buy if the price is $0.01? ### Answer: Options trading at $.01 have the same position limits as other options. Self regulatory organizations set the positio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to Park Proceeds from House Sale for 2-5 Years? ### Answer: With 100K, I would dump the first 95K into something lame like a tax advantaged bond or do as the others here suggested. My alternati...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best source of funding to pay off debt? ### Answer: You can take a out loan against your 401k, which means you won't be penalized for the withdrawal. You will have to pay that amount back ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My university has tranfered me money by mistake, and wants me to transfer it back ### Answer: You have received some good answers, but since your concern is proper protocol, keep everything in writing...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does an x% inflation rate actually mean? ### Answer: As pointe out by @quid, inflation figures are almost always quoted as a comparison of prices last month, and prices a year ago last month. So...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I explain why debt on debt is bad to my brother? ### Answer: The only thing that comes to mind is a recent HBO Real Sports segment (http://www.youtube.com/watch?v=WDjkbgrgcmo) on a couple of NF...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I place a stock limit order to buy above the current price? Can I place a stock limit order to sell below the current price? ### Answer: buy above the current price in the stock market You can do ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the benefits of opening an IRA in an unstable/uncertain economy? ### Answer: IRAs have huge tax-advantages. You'll pay taxes when you liquidate gold and silver. While volatile, "the stock mar...