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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What would I miss out on by self insuring my car? ### Answer: Here's what you do without, on the negative side, just for balance: A bill: When I last had comprehensive insurance, it cost something lik...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to buy this used car from Craigslist or from a dealership? ### Answer: I agree with the previous comments one thing that got brought up a while back when I was looking into purchasing a P...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a company control its stock through contracts with stockholders? ### Answer: Your first scenario, involving shareholders in a private corp being limited by a contractual agreement, is common in pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Understanding SEC Filings ### Answer: The most important filings are: Form 10-K, which is the annual report required by the U.S. Securities and Exchange Commission (SEC) and Form 10-Q, for the interim...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy car vs lease vs long term rent for 10 years period ### Answer: If you plan to keep this asset for ten years then you can take the deprecation of its cost over that time period. For simplicity lets...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: investing - where to trade online? (Greek citizen) ### Answer: The Greek Piraeus Bank offers such services for trading stocks in Athens Stock Exchange (ASE) and in addition 26 other markets including ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are real-term bond yields systematically declining, and what does it mean for investors? ### Answer: Keep in mind there are a couple of points to ponder here: Rates are really low. With rates bein...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Standardized loan options to purchase employee stock options ### Answer: What you want is a cashless transaction. It's part of the normal process. My employer gives me 1000 options at $1, I never need...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Conservative ways to save for retirement? ### Answer: Dividend reinvestment plans are a great option for some of your savings. By making small, regular investments, combined with reinvested dividends,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I find historic ratios by industry? ### Answer: If you would like to find data on a specific industry/market sector, a good option is IBISworld reports. You can find their site here. You can...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a multi-family home to rent part and live in the rest ### Answer: Others have already made good points, so I'll just add a few more: You say that if you bought it, your mortgage, insurance, and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: One of my stocks dropped 40% in 2 days, how should I mentally approach this? ### Answer: From some of your previous questions it seems like you trade quite often, so I am assuming you are not a "Buy a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is property investment good if properties de-valuate over time? ### Answer: Properties do in fact devaluate every year for several reasons. One of the reasons is that an old property is not the st...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I give to charity by check or credit card? ### Answer: As someone that has run a nonprofit, my 2 cents: First: thank you for giving and for being conscientious about wanting to make things as e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have $100,000 in play money… what to do? ### Answer: As you have already good on your retirement kitty. Assuming you have a sufficient cash for difficult situations, explore the options of investing...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does owning a home and paying on a mortgage fit into family savings and investment? ### Answer: A home is an investment, but the value it returns isn't primarily financial ($$) - they are consumpt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When a stock price goes down, does the money just disappears into thin air? ### Answer: In short, thanks to the answers and comments posted so far. No actual money is magically disappeared when the s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I handle student loans when leaving University and trying to buy a house? ### Answer: One way to reduce the monthly payment due each month is to do everything to eliminate one of the loans....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What could a malicious party potentially achieve by having *just* a name, account number, and sort code? ### Answer: I disagree with Dumbcoder's response. Setting up a DD is not easily approved by the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Financing with two mortgages: a thing of the past? ### Answer: I doubt it. I researched it a bit when I was shopping for a HELOC, and found no bank giving HELOC for more than 80% LTV. In fact, most re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a general guideline for what percentage of a portfolio should be in gold? ### Answer: I think most financial planners or advisors would allocate zero to a gold-only fund. That's probably the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Renting or Buying an House ### Answer: When you sell a house around between 7-10% of the sales price will go to various fees. Mostly to the agents, but also to county fees, city fees, deed tax, and po...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Effect on Bond asset allocation if Equity markets crash? ### Answer: I agree that the cause of the crash can make a huge difference in the effect on the bond market. Here's a few other possibilities: ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying Fixed Deposit in India from Europe ### Answer: If the intention is after maturing to convert back the Rupees into Euro, its not a good idea. Generally the interest rate in Euro and the interes...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would it make sense to take a loan from a relative to pay off student loans? ### Answer: I will start with the assumption that you will never have any late payments and will fully pay off the loan. Th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First Job, should I save or invest? ### Answer: Save enough to build an emergency cushion of 4-6 months total expenses. After that, invest everything you can in areas where you are well researched and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If NYSE has market makers, what is the role of NYSE ARCA which is an ECN ### Answer: I would say it's a bit more complicated than that. Do you understand what a market maker does? An ECN (electronic ...
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: When I was contracting I wish I had joined a tax efficient umbrella organisation rather than just w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Scam or Real: A woman from Facebook apparently needs my bank account to send money ### Answer: Yes, it is a scam. Think about it: Why would a stranger offer to give you money? Why would she need you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does a stock's quoted value represent? ### Answer: The quote price is simply the last price at which a trade completed. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Might I need a credit score to rent, or for any other non-borrowing finances? ### Answer: Credit scores are not such a big deal in Canada as they are in the US and even some European countries. One r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between a 'trader' and a 'stockbroker'? ### Answer: Traders trade for a living, stockbrokers tell people to get involved in trades for a living. To be employed as a trader, you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a fixed-price natural gas or electricity contract likely to save money? ### Answer: In my area, the fixed prices are based on an average. My gas company will look at my previous months (six months ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are bonds really a recession proof investment? ### Answer: No, they are not recession proof. Assume several companies, that issued bonds in the fund, go bankrupt. Those bonds could be worthless, th...
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: When the check is deposited, the bank verifies the signature in the check matches your signature in file. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much do big firms and investors affect the stock market? ### Answer: The price of a company's stock at any given moment is established by a ratio of buyers to sellers. When the sellers outnumber ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Abundance of Cash - What should I do? ### Answer: There's a few different types of investments you could do. As poolie mentioned, you could split your money between the Vanguard All World ex-US and Va...
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: Streamline refinance is the way to go. You don't have to stay wit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Selling To Close ### Answer: Yes, if there is liquidity you can sell your option to someone else as a profit. This is what the majority of option trading volume is used for: speculative trading with l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a central bank or country not want their currency to appreciate against other currencies? ### Answer: It would essentially make goods from other countries more cheaper than goods from US. An...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Finding stocks following performance of certain investor, like BRK.B for Warren Buffet ### Answer: Remember that unless you participate in the actual fund that these individuals offer to the public, y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Balance Sheets: How a company can save money for further investments ### Answer: A company CAN hold on to money. This is called retained earnings. Not all money is due back to the owners (i.e. stock...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the purpose of having separate checking and savings accounts? ### Answer: Additionally, it used to be the case that savings accounts would have a noticeably higher interest than checking accoun...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best way to start investing, for a young person just starting their career? ### Answer: First I'd like to echo msemack's answer. Start by maxing out your 401K and IRA contributions. Not a lot of peopl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making $100,000 USD per month, no idea what to do with it ### Answer: I would be more than happy to find a good use for your money. ;-) Well, you have a bunch of money far in excess of your regular ex...
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: The title of your question basically asks: What can I do? And you state this regarding the meeting and “advice” they ga...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When writing a covered call, what's the difference between a “net debit” and a “net credit”? ### Answer: When you buy a stock and sell a covered call, the call can't be valued higher than the stock, r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is inflation? ### Answer: When we speak about a product or service, we generally refer to its value. Currency, while neither a product or service, has its own value. As the value of currency goes...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How many days do I have to hold a stock before it is considered a capital gain by the CRA? ### Answer: You don't have to wait. If you sell your shares now, your gain can be considered a capital gain ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Car value is almost equal to GMFV with still 2 years to go on PCP ### Answer: The "guaranteed minimum future value" isn't really a guarantee so much as the amount they will charge you at the end of th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the preferred way to set up personal finances? ### Answer: There's a lot of personal preference and personal circumstance that goes into these decisions. I think that for a person starting ou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where are Bogleheadian World ETFs or Index funds? ### Answer: You weren't really clear about where you are in the world, what currency you are using and what you want your eventual asset allocation to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal if I'm managing my family's entire wealth? ### Answer: I am not going to discuss legality, because with family members you are able to give a lot of guidance and assistance without running...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does “check payable to” mean? ### Answer: They are basically asking for the name of the legal entity that they should write on the check. You, as a person, are a legal entity, and so you can have...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A calculator that takes into account portfolio rebalancing? ### Answer: Quicken has tools for this, but they have some quirks so i hesitate to actually recommend it on that basis. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does inflation actually mean? [duplicate] ### Answer: Inflation is good for the economy primarily because it is an incentive to invest. If inflation is occurring, then keeping your holdings in c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off my 401k loan or reinvest the funds elsewhere? ### Answer: This summer I used a loan from my 401(k) to help pay for the down payment of a new house. We planned on selling a Condo a few...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much more than my mortgage should I charge for rent? ### Answer: so if we rent it out we don't want to just charge what we're paying on our mortgage - we'd definitely be losing money if we did tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is a relocation fee of more than 40k taxed? ### Answer: With a $40,000 payment there is a 100% chance that the owner will be claiming this as a business expense on their taxes. The IRS and the st...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When to sell stock losers ### Answer: If you have someplace to put the money which you think will yield significantly better returns, by all means sell and buy that. On the other hand, if you think th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I've tracked my spending and have created a budget, now what do I do with it? ### Answer: Whether you use a professional financial planner or not, the basic steps are the same. It seems like you have ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How would I use Google Finance to find financial data about LinkedIn & its stock? ### Answer: The most likely answer to your question regarding what the 'market expects' is perhaps that the market exp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is Insider Trading Illegal? ### Answer: Illusions of transparency. Mitigation of risk. Emotion. The system. Short answer per sdg's post - it's the law. Long answer which I wont get into - it's a ...
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: You can place the orders like you suggested. This would be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is income tax calculated in relation to selling used items? ### Answer: If I sell it for $50 can I write off the $50 loss. Only if you can establish that it is a normal part of your business and t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Didn't apply for credit card but got an application denied letter? ### Answer: Do you have any ties to your old address? In particular are you the LANDLORD? This could have been a precursor applicatio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Changing Bank Account Number regularly to reduce fraud ### Answer: To be absolutely sure you should call the agent and check That said I have been renting accommodation through both agencies and direc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: With respect to insider trading, what is considered “material information”? ### Answer: Some history: In the US, this is very tightly controlled and regulated. Although stock market securities insider...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a company care about the price of its own shares in the stock market? ### Answer: Shareholders get to vote for the board, the board appoints the CEO. This makes the CEO care, which in turn m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Someone asks you to co-sign a loan. How to reject & say “no” nicely or politely? ### Answer: This is a real difficult situation and I think the correct way to proceed here is to be honest and straight...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to trade “exotic” currencies? ### Answer: There are firms that let you do this. I believe that Saxo Bank is one such firm (note that I'm not endorsing the company at all, and have no experience wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Free, web-based finance tracking with tag/label support? ### Answer: hledger fits your criteria, have you tried it ? Here's the web interface. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the fuss about identity theft? ### Answer: The problem is that the reason you find out may be that you are at the car dealer, picked out a car, and getting ready to sign the loan papers with yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a small amount (e.g. $50) of stock via eToro “Social Trading Network” using a “CFD”? ### Answer: Concerning the Broker: eToro is authorized and registered in Cyprus by the Cyprus Securities Exc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Switch from DINK to SIWK: How do people afford kids? ### Answer: What makes it hard is that you're making this decision now, when you've already made decisions over the years going in a different rout...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does the calculation for percentage profit vary based on whether a position is short vs. long? ### Answer: The problem with rate of return calculation on short positions is, that the commonly used...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 2 houses 450k each or one 800k? ### Answer: Having someone else paying you rent is always going to be the better deal financially. The question is, what does $450k buy in the neighborhood in which you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is being a landlord a good idea? Is there a lot of risk? ### Answer: Based on what you've said I think buying a rental is risky for you. It looks like you heard that renting a house is profitable and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best way to buy Japanese yen for travel? ### Answer: Unless you need extremely large sums of money, I suggest you use an ATM or look for a credit card that has no foreign transaction fees (rare). AFAI...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Money Structuring ### Answer: In the Anti-Money Laundering World ( AML) , structuring consists of the division ( breaking up) of cash transactions, deposits and withdrawals, with the intent to avoid t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is retirement planning so commonly recommended? ### Answer: I actually really like the way you positioned this question. If you love what you are doing every day, why would you ever want to quit, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Losing Money with Norbert's Gambit ### Answer: When you hold units of the DLR/DLR.U (TSX) ETF, you are indirectly holding U.S. dollars cash or cash equivalents. The ETF can be thought of as a containe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the fuss about identity theft? ### Answer: Real world case: IRS: You owe us $x. You didn't report your income from job y. My mother: I didn't work for y. I don't even know who y is. IRS: I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What variety of hedges are there against index funds of U.S. based stocks? ### Answer: Even though "when the U.S. sneezes Canada catches a cold", I would suggest considering a look at Canadian governm...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would you elect to apply a refund to next year's tax bill? ### Answer: If you have non-salary income, you might be required to file 1040ES estimated tax for the next year on a quarterly basis. You...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is the Dow divisor calculated? ### Answer: Have you actually read the Wikipedia article? To calculate the DJIA, the sum of the prices of all 30 stocks is divided by a divisor, the Dow Divisor. The...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will depositing $10k+ checks each month raise red flags with the IRS? ### Answer: You're getting confused between several different things. 10K - cash transactions over $10,000 are reported to FinCEN ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happened when the dot com bubble burst? ### Answer: Well basically a lot of dot-com companies that had no real plans for having actual profit's, self-destructed. I had worked for a company called...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should Emergency Funds be Used for Infrequent, but Likely, Expenses? ### Answer: The concept of emergency fund is a matter of opinion. I can tell you the consensus is that one should have 6-9 months w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Free brokerage vs paid - pros and cons ### Answer: Emotion aside, you can calculate the cost of the funds you have tied up at the bank. If I can earn 5% in a CD, my "free" checking with minimum $5000...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is short-selling considered more “advanced” than a simple buy? ### Answer: When you short a stock, you can lose an unlimited amount of money if the trade goes against you. If the shorted stock gap...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I use a credit repair agency? ### Answer: Repairing your credit takes time. Companies that offer to do it for you (for money) generally succeed mostly at getting money from you. Nonprofit agenc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I track 401k rollovers in Quicken? ### Answer: You definitely should NOT do what you are doing now (#2) since this is not a reflection of what actually is going on. (Unless you actually did tr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the pros and cons of buying a house just to rent it out? ### Answer: I would suggest the use of a management company to handle a rental property. They will take care of things like collectin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Slow destruction on co-signed property ### Answer: First off learn from this: Never cosign again. There are plenty of other "tales of woe" outlined on this site that started and ended similarly. Sec...
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: Alright, IRS Publication 463: Travel, Entertainment, Gift, and Car Expenses Business and p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can capital gains be used to fund an IRA with tax advantages? ### Answer: IRA contribution must be from your earned income in the sense that you cannot contribute to IRA more than you have in earned i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Most important skills needed to select profitable stocks ### Answer: You need to have 3 things if you are considering short-term trading (which I absolutely do not recommend): The ability to completel...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a good rule of thumb for how much I should have set aside as emergency cash? ### Answer: While I certainly agree with the principle of paying down debt, there is some value in having a health...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sales Tax: Rounded Then Totaled or Totaled Then Rounded? ### Answer: First of all to answer the basic question "Is one method correct? Might it depend on local laws?" Yes it does depend on local laws....