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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good investment for a foreigner to purchase a flat/apartment in China? ### Answer: More infomation is needed for any meaningful discussion about this. I just assume you want to buy in China m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I consider when selecting a broker/advisor to manage my IRA? ### Answer: I've not gotten an answer so far. Since I've started my search for a new financial planner here are the criteria I ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to exercise options when you they're worth more money than you have? [duplicate] ### Answer: The fact that the option is deep in the money will be reflected in the market price of the option so yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Looking into investment bonds for the first time- what do I need to be aware of? ### Answer: All bonds carry a risk of default, which means that it's possible that you can lose your principal investme...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stories of turning a few thousands into millions by trading stocks real? ### Answer: Warren Buffett pointed out that if you set 1 million monkeys to flipping coins, after ten flips, one monkey in ...
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: In addition to the higher risk as pointed out by @JamesRoth, you also need to consider that there are regulations against...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I repay Social Security Disability Insurance (SSDI) if I suddenly have income and assets ### Answer: There are two types of insurance, which causes some confusion. Social Security Disability Insura...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If throwing good money after bad is generally a bad idea, is throwing more money after good Ok? ### Answer: The response to this question will be different depending which of the investment philosophi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When can you use existing real estate as collateral to buy more? ### Answer: Generally, when you own something - you can give it as a collateral for a secured loan. That's how car loans work and that'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How risky is it to keep my emergency fund in stocks? ### Answer: This is basically the short-term/long-term savings question in another form: savings that you hope are long-term but which may turn sho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Receive money from US Client to Myself in India by selling services ### Answer: Depending on how tech savvy your client is you could potentially use bitcoin. There is some take of indian regulators st...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Unable to understand logic behind why there is no exit load on liquid fund ### Answer: I think you are having trouble understanding what 'liquid' means. Liquidity refers to how easily an asset can be ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the pitfalls of loaning money to friends or family? Is there a right way to do it? ### Answer: There are two levels to consider here: That said, before loaning/giving anyone money ask yoursel...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I received $1000 and was asked to send it back. How was this scam meant to work? ### Answer: Possible ways they could make money (or think they could): I would go back through your transaction history...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is taxation for youtube/twitch etc monetization handled in the UK? ### Answer: The difference between a hobby and a business is income. Yes, every country I know of allows you to do something as a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's so hard about a mutual fund manager pricing their mutual fund? ### Answer: Given that a mutual fund manager knows, at the end of the day, precisely how many shares/units/whatever of each invest...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does Apple have $0 of treasury stock? ### Answer: Treasury stock is not really represented in the Balance Sheet as a "Treasury stock" line item in the assets. Some companies will break out Treasury S...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does this sound like a great idea regarding being a landlord and starting a real estate empire? ### Answer: This is a reasonable idea and many people have done it. But there are some risks that you ne...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: To rebalance or not to rebalance ### Answer: In theory, investing is not gambling because the expected outcome is not random; people are expecting positive returns, on average, with some relationship ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are the banks and their customers in the United States still using checks? [duplicate] ### Answer: Check use is declining here too, but it still has some practical advantages over electronic means...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: historical data for analysing pensions ### Answer: You could use any of various financial APIs (e.g., Yahoo finance) to get prices of some reference stock and bond index funds. That would be a reason...
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: I think it depends a lot on your idea of how you should relate to your neighbors. Personally, I think that I should be allowed to do just about...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is stock trading based more on luck than poker playing? ### Answer: I assert not so. Even if we assume a zero sum game (which is highly in doubt); the general stock market curves indicate the average ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Cash Value Life Insurance (“whole life” insurance) a good idea for my future? ### Answer: I have an answer and a few comments. Back to the basics: Insurance is purchased to provide protection in c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to negotiate when you have something to give back? ### Answer: I don't think that there is a generic answer that will apply to this question across all goods. The answer depends on how the relate...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do Americans really use checks that often? ### Answer: When you start at a new job here in the U.S., the default means of payment is usually a paper check. Most folks will quickly set up direct deposi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Comparing IRA vs 401K's rate-of-return with dollar cost averaging ### Answer: The number you are trying to calculate is called the Internal Rate of Return (IRR). Google Spreadsheets (and excel) both ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Whether to prepay mortgage or invest in stocks ### Answer: The short answer is to invest it since the rate of return is higher than your mortgage. (Assuming that you can withstand interest rate hikes,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the fundamental levels that makes a Stock Ideal? (either to sell or buy) ### Answer: I look at the following ratios and how these ratios developed over time, for instance how did valuation co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making higher payments on primary residence mortgage or rental? ### Answer: A lot depends on whether your mortgage payments are interest only or 'repayment' and what the remaining term is on each of t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pensions, why bother? ### Answer: Your gut feeling is absolutely spot on - you shouldn't be worrying about pension now, not at the age of 25. Assuming that you're not a footballer in the middle of the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can you sell stocks if you do not have any? ### Answer: Shorting is the term used when someone borrows a stock and sells it at the current price to then buy it back later at hopefully a lower pric...
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: 6 to 9 months worth of expenses is recommended. You should also consider having long-term disability i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which state do saving interests come from? ### Answer: Most (if not all states) in the US are only interested in source income. If you worked in that state they want to tax it. Many states have recipr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: help with how a loan repayment is calculated ### Answer: It appears the interest is not compounded daily. Each period of interest has the loan amount calculated on the "capital" remaining on the star...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will a credit card company close my account if I stop using it? ### Answer: Please realize that your issuer can close the account for any number of reasons. Inactivity is one, as having a credit line...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the financial advantages of living in Switzerland? ### Answer: The lake is beautiful. The Swiss people are really good educated The companies want to be a part of these great reputation. We h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Resources on how to be a short term trader? ### Answer: If you're a person of normal means, being a short-term trader/speculator is a game that you are going to lose. Don't do it -- do some research o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are the stocks of competitor companies negatively correlated? ### Answer: Not especially. It depends on why sales have changed. If it's just consumer demand, that affects everyone in parallel rather t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Definition of “U.S. source” for US non-resident alien capital gains tax ### Answer: The examples you provide in the question are completely irrelevant. It doesn't matter where the brokerage is or wher...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is insurance worth it if you can afford to replace the item? If not, when is it? ### Answer: Extended warranty or insurance is a tricky thing. In general, the big screen TV, or other electronics are ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Insider trading in another company? ### Answer: This information is clearly "material" (large impact) and "non-public" according to the statement of the problem. Also, decisions like United States v....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why buy stock of a company instead of the holding company who has more than 99% of the stocks ### Answer: Also VW has more brands, i.e. is more diversified This isn't necessarily a good thing for inve...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Claiming income/deductions on an illegal apartment ### Answer: A basement unit would typically rent for less than similar space on a higher floor. Taxwise, you should be claiming the income, and expe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to secure one's effort when working on a contract? ### Answer: Anytime you do work without any payment until the work is complete, you are effectively extending credit to the party receiving your ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using P/E Ratio of an ETF to decide on asset mix ### Answer: P/E alone would not work very well. See for example http://www.hussmanfunds.com/html/peak2pk.htm and http://www.hussmanfunds.com/rsi/profit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is 6% too high to trade stocks on margin? ### Answer: Okay so we are assuming that you can sustain 6% or more return on your investments. Personally I would compare that rate to what lines of credit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wash Sales and Day Trading ### Answer: You are correct. She cannot claim the initial loss of $1,000 on her taxes, she can only report the $500 profit. However, the IRS does allow her to add the $1,000...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are big companies like Apple or Google not included in the Dow Jones Industrial Average (DJIA) index? ### Answer: That is a pretty exclusive club and for the most part they are not interested in h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why and why would/wouldn't a company split their stock? ### Answer: A reason not to split your stock is that the value of the company might fall back again, and if its stock price falls below $1 it wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros & cons of investing in gold vs. platinum? ### Answer: Why Investors Buy Platinum is an old (1995) article but still interesting to understand the answer to your question. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I find out how much a currency is traded? ### Answer: This is actually a fairly hard question to answer well as much of the currency trading that is done in financial markets is actually done ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Adjusting a value for inflation each month using rolling 12-monthly inflation figures ### Answer: In the style of the Bank of England's Inflation Calculator, you can do the calculation like so. The th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Electric car lease or buy? ### Answer: I might be missing something, but I always understood that leasing is about managing cash-flow in a business. You have a fixed monthly out-going as opposed to an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: It's possible to short a stock without paying interest? ### Answer: As others have said: unless you can find someone willing to make a zero-interest loan, the answer is no. If you can figure out how ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shares; are they really only for the rich/investors? ### Answer: Shares are for investors. Most of the rich are investors. Unfortunately, the reverse is not true. But if you want to get rich, the firs...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As a young adult, what can I be doing with my excess income? ### Answer: If I were you I would just save the money until I had at least 5000 pounds to keep as an emergency fund. There are various kind...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the low CAD positively or negatively impact Canadian Investors? ### Answer: If you buy US stocks when the CAD is high and sell them when the CAD is lower you will make a currency gain on top of a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I determine if sale proceeds from an asset are taxable? ### Answer: If it's fully expensed, it has zero basis. Any sale is taxable, 100%. To the ordinary income / cap gain issue raised in comme...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Cheapest way to wire or withdraw money from US account while living in Europe ### Answer: There is a number of cheaper online options that you could use. TranferWise was already mentioned here. Other ...
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: There are lot of options. I personally avoid keeping money in bank accounts and invest in one of the funds. It's just my person...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Interest charges on balance transfer when purchases are involved ### Answer: Its called a "Grace Period" and you are not paying interest on the 0% BT, you are paying interest on the amount you spent i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Issuing bonds at discount - computing effective interest rate ### Answer: Yes, the "effective" and "market" rates are interchangeable. The present value formula will help make it possible to determine...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are mutual funds a good choice for a medium to low risk investment with a two year horizon? ### Answer: First, you don't state where you are and this is a rather global site. There are people from Ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying off mortgage or invest in annuity ### Answer: I am in the process of writing an article about how to maximize one's Social Security benefits, or at least, how to start the analysis. This char...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I stockpile nickels? ### Answer: I agree with George. I'll also add that you have to think about the cost of melting the coins for their raw materials. Not exactly free in terms of equipment,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to keep control of shared expenses inside marriage? ### Answer: Call me old fashioned, but that sounds less like a marriage and more like a business partnership. Maybe there are business tools tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a law or regulation that governs the maximum allowable interest amount that can be charged on credit cards or in agreements where credit is extended? ### Answer: In the U.S., each state has i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people buy new cars they can not afford? ### Answer: The car you dream of might not be available in your local used car market. Or if it is, there might be something wrong with it. Here are so...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros / cons of being more involved with IRA investments [duplicate] ### Answer: Let’s compare your target fund, FFFFX to a well-known ETF, SPY; SPDR S&P 500 ETF. Source: Yahoo Finance The difference i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the implications of lending money to my sole member S-corp? ### Answer: You can make a capital contribution, not a loan. It's not a taxable event, no interest, and you can take a distribution...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I be doing to protect myself from identity theft? ### Answer: I believe the answer is that to protect yourself it is good to get credit protection so you will be notified when new credit i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you explain “time value of money” and “compound interest” and provide examples of each? ### Answer: Here are some really excellent video tutorials on these topics: Introduction to Compound Interes...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is someone tax exempt at Walmart in Canada? ### Answer: Note that folks may also be shopping for supplies for a nonprofit tax-exempt organization. I made such a purchase a few weeks ago. Whatever ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Help! I've cancelled their service, but this company continues to bill my credit card an annual fee. What can I do? ### Answer: I'm not a lawyer, and am certainly not familiar with your jurisdiction, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are American-style options worth more than European-style options? ### Answer: An option gives you an option. That is, you aren't buying any security - you are simply buying an option to buy a se...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much would it cost me to buy one gold futures contract on Comex? ### Answer: In order to understand how much you might gain or lose from participating in the futures markets, it is important to fi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people always talk about stocks that pay high dividends? ### Answer: Isn't it true that on the ex-dividend date, the price of the stock goes down roughly the amount of the dividend? That is, wh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing / Options idiot - how can I get out of this position? ### Answer: Your broker should make you whole by adjusting the quantity of the underlying (see: http://www.schaeffersresearch.com/educat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Working abroad in Australia, what is involved financially and administratively? ### Answer: We don't seem to have (m)any expats or Australians on the site yet, but I'll share what I have learned. I'm...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is is possible to take a mortgage using Bitcoin as collateral? ### Answer: This doesn't make any sense. For the people who ask you this, suggest that they borrow the money to invest with you. They can...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the best software tools for personal finance? ### Answer: GnuCash—Great for the meticulous who want to know every detail of their finances. Pros: Cons: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a mortgaged house ### Answer: Go on a website that has real estate listings. Find similar homes in the same neighborhood and list out the prices. Once you have prices, pick out two with diffe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Precious metal trading a couple questions ### Answer: Correcting Keith's answer (you should have read about these details in the terms and conditions of your bank/broker): Entrustment orders are like ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do euro hedged index funds work? ### Answer: When you invest in an S&P500 index fund that is priced in USD, the only major risk you bear is the risk associated with the equity that comprises the i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What type of investments should be in a TFSA, given its tax-free growth and withdrawal benefits? ### Answer: A questoin that I deal with almost every day. Like most investments it comes down to.....W...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people always talk about stocks that pay high dividends? ### Answer: Dividends indicate that a business is making more profit than it can effectively invest into expansion or needs to regulate ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Maintaining “Woman Owned Business” while taking on investor ### Answer: In addition to finding another woman investor, you have an equitable option that is not unreasonable: ask your partner to buy ou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What evidence exists for claiming that you cannot beat the market? ### Answer: There seems to be a common sentiment that no investor can consistently beat the market on returns. What evidence exists f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Car financed at 24.90% — what can I do? ### Answer: If you are a subprime borrower, that may not be an unreasonable rate given the risk they are accepting. In any case, it's what you agreed to. As oth...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Car dealer saying that they cannot see any credit information for my co-applicant. Could this be a scam? ### Answer: I actually had a similar situation when I tried to buy my house. I paid off all my ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are tax deductions voluntary? ### Answer: I did a little research and found this article from 2006 by a Villanova law professor, titled "No Thanks, Uncle Sam, You Can Keep Your Tax Break". The final ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I know when I am financially stable/ready to move out on my own? ### Answer: I recently moved out from my parents place, after having built up sufficient funds, and gone through these questions...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Personal Loan: How to define loan purpose ### Answer: I would imagine that it goes beyond purpose and also addresses the demographic as a poor credit risk. Those seeking a post secondary education are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are stocks having less institutional investors a “good thing”? ### Answer: Because someone smarter than you by 50 IQ points (a quant) will depart their larger position long before you have a chanc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculating return on a series of stock positions with multiple uneven transactions ### Answer: Generally if you are using FIFO (first in, first out) accounting, you will need to match the transaction...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Finance options for a new furnace. ### Answer: You walk into the finance company with a written quote from the supplier for the equipment you want to buy. You then fill out forms and sign a promissory...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: CD interest rate US vs abroad, is there a catch? ### Answer: I think your approach of looking exclusively at USD deposits is a prudent one. Here are my responses to your questions. 1) It is highly unl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As a parent of a high school student, what should my short-term cash policy be to optimize my college costs? ### Answer: There is no simple answer to your question. It depends on many things, perhaps...
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: Right, wrong or indifferent I see account gains of nearly 50% so far this year; now being January 23, 2016. ...