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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Legitimate unclaimed property that doesn't appear in any state directory? ### Answer: for full disclosure I'm an Independent Contractor and work with Jeff Richman. @ Neil: Question 1: How legitimate ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Equity market inflow meaning ### Answer: Suppose I purchase $10,000 worth of a particular share today. If the person(s) I am purchasing the shares from paid $9,000 for those shares, then I replacing t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: why is the money withdrawn from traditional IRA taxed at the ordinary income tax rate? ### Answer: The simplest explanation is that a traditional IRA is a method of deferring taxes. That is, normally ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax consequences of changing state residency? ### Answer: I did the reverse several years ago, moving from NH to MA. You will need to file Form 1-NR/PY for 2017, reporting MA income as a part-year res...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much of each stock do index funds hold? ### Answer: An index fund is just copying the definition of an index. The group that defines the index determines how to weight the different parts of the i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to find LEAPS option quotes (full chain)? CBOE & Yahoo! Finance not working ### Answer: I'm familiar with and have traded U.S.-listed LEAPS and I've always used the CBOE quotes page you linked t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: S&P is consistently beating inflation? ### Answer: TL;DR: Because stocks represent added value from corporate profits, and not the price the goods themselves are sold at. This is actually a very compl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would my job recruiter want me to form an LLC? ### Answer: LLC is, as far as I know, just a US thing, so I'm assuming that you are in the USA. Update for clarification: other countries do have sim...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: question regarding W4 ### Answer: There are still ways that the default values on the W4 can lead you to get a refund or owe the IRS. If there was a big delta in your paychecks, it can lead to problem...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: On claiming mileage and home office deductions ### Answer: Can she claim deductions for her driving to and from work? Considering most people use their cars mostly to commute to/from work, there must ...
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: I would personally suggest owning Mutual Funds or ETF's in a tax sheltered account, such as a 401k or an IRA, es...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a company like Apple be buying back its own shares? ### Answer: I think JB King's answer is interesting from the point of view of "is this good for me" but the OP's question boils down to "w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I get a personal loan to pay on my mortgage to go “above water” to qualify for a refinance? ### Answer: Does it cost money to refi? I know there are quite a few deals out there, I refi'd in Jun...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What taxes are assessed on distributions of an inherited IRA? ### Answer: You've been taking the RMDs. Each year the RMD is calculated by taking the prior 12/31 balance and dividing by the divisor, ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to avoid getting back into debt? ### Answer: Get someone in your family to pay for it. If that's not an option, you have no choice but to make do with what you can do, and either get a job or a lo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Transfering money from NRE account in India to family member ### Answer: I am a US citizen and I want to transfer some amount 10 lakhs+ to my brother from my NRE account in India to his account. My br...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm an American in my mid 20's. Is there something I should be doing to secure myself financially? ### Answer: I may be walking on thin ice but that's never stopped me from answering before. ;) I have...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I finance rental property or own outright? ### Answer: In general you do not want to show a taxable gain on rental properties if you can avoid it. One of the more beneficial advantages of owni...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to park money while saving for a car ### Answer: As you're saving up for an expenditure instead of investing for the long run, I would stay away from any sort of "parking facility" where you run...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I can't produce a title for a vehicle I just traded ### Answer: The old truck is collateral for a loan. The place that made the loan expects that if you can't pay they can repossess that old truck. If...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debt collector has wrong person and is contacting my employer ### Answer: Don't waste your time threatening legal action or screwing around with certified mail. If they're contacting your employer to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: High dividend stocks ### Answer: Future tax increases on dividends are likely. The Wall Street Journal says. "The millions of Americans who receive dividend income ... need to begin adjusting their in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Placing bid in market price ### Answer: Market price is just the bid or offer price of the last sell or buy order in the market. The price that you actually receive or pay will be the price that the p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Impact of RMD on credit worthiness ### Answer: My understanding is that credit card companies are allowed to accept retirement income as part of the income that would qualify you for credit. The Consu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I sell my stocks when the stock hits a 52-week high in order to “Buy Low, Sell High”? ### Answer: I primarily intend to add on to WBT's answer, which is good. It has been shown that "momentum" ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can my company buy my personal debt? ### Answer: When your debt is forgiven, you have to consider the amount written off as an ordinary income item (with the exclusion of the debt originated from the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Withdraw USD from PayPal without conversion to my home currency of EUR? ### Answer: I just tried doing that on my PP which is in the Netherlands, I have added a USD bank account (from my dutch bank) a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When is the right time to buy a car and/or a house? ### Answer: Obviously, the best thing financially would be to continue using your present car, unless it impacts you financially on a regular basis....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Consequences of buying/selling a large number of shares for a low volume stock? ### Answer: If you are the only one who puts in a large market buy order, then it would definitely push the price up. Ho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is housing provided by a university as employer reported on 1040? ### Answer: To answer your question directly, this is a taxable benefit that they are providing for you in lieu of higher wages. It is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Beginner dividend investor - first steps ### Answer: Question 1: How do I start? or "the broker" problem Get an online broker. You can do a wire transfer to fund the account from your bank. Question ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between the asset management division in an investment bank and an investment company? ### Answer: I would say that there is no real difference. Asset management companies that...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How risky are penny stocks? ### Answer: The biggest problem with penny stocks is that they are easily manipulated, and they frequently are. Many of the companies trading as penny stocks have poor tra...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I use Mint.com? Is it secure / trusted? [duplicate] ### Answer: Yes, there is such possibility. Also, there's a possibility people made your computer, your operation system, your browser, etc....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When is it necessary to apply taxes for web freelancing services in Quebec, Canada? ### Answer: AFAIK, there are two kinds of taxes your web freelancing income may be subject to in Quebec: On the inco...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Deducting business expenses paid for by gift card ### Answer: To quote the answer you linked to: Perhaps the simplest way to think about this is you can only deduct an expense that you actually incur....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If you want to trade an equity that reflects changes in VIX, what is a good proxy for it? ### Answer: If you want to trade to gain from short-term volatility, you can use Derivative-based ETFs that tr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wisest option to pay for second career education ### Answer: Your first step should be to visit with the financial aid office of the university that you are considering attending, perhaps even before ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's a reliable way for a non-permanent resident alien in the USA to get an auto loan? ### Answer: I don't think that they ask you for your citizenship status when you apply in a dealership. At leas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would you ever turn down a raise in salary? ### Answer: The only valid reason from a financial point of view is if the raise is a promotion or comes with conditions that are unacceptable to you. Y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wash sales + restricted stock in US ### Answer: grant date or vesting date? A: The vesting date. Look at publication 525, under stock options, where they talk about ESPP: Your basis is equal to the op...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When and how should I pay taxes on ForEx trades? ### Answer: I guess Bitcoin are not that popular yet and hence there are no specific regulations. If currently it gets debated, it would be treated mor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sales Tax Licence/Permit - When is it required and how can I make a use of it as a non-US resident selling in USA? ### Answer: Sales tax permits come from the state in which your business is operating...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Boyfriend is coowner of a house with his sister, he wants to sell but she doesn't ### Answer: How did the house pass to them? Was it held in Trust? Were they both jointly listed on the deed? If no to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What kinds of exchange-traded funds (ETFs) should specifically be avoided? ### Answer: Stay away from leveraged or synthetic ETFs. This answer talks about why leveraged ETFs are dangerous. There are n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a bid and ask price exist for indices like the S&P500? ### Answer: The equation you show is correct, you've simply pointed out that you understand that you buy at the 'ask' price, and later sell ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do 401k handle rate of return ### Answer: A 401(k) is an investment just like any other investment. You generally get two types of return lumped into that number, but there can be more and you sho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: After consulting HR Block, are you actually obligated to file your taxes with them, if they've found ways to save you money? ### Answer: This is a legal issue, or possibly an ethical issue, and not re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should a retail trader bother about reading SEC filings ### Answer: I use 10-K and 10-Qs to understand to read the disclosed risk factors related to a business. Sometimes they are very comical. But wh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Has anyone created a documentary about folks who fail to save enough for retirement? ### Answer: To answer your question, Retirement Revolution may fit the bill to some extent. I'd also like to addres...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I consolidate loans and cards, or just cards, leaving multiple loans? ### Answer: First of all, congratulations on admitting your problem and on your determination to be debt-free. Recognizing...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I trade FX spot options, other than saxobank.com? ### Answer: Oanda.com trades spot forex and something they call box options, it's not quite what you are looking for, but maybe worth lookin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When will the U.K. convert to the Euro as an official currency? ### Answer: A lot of smaller (and/or weaker) countries did not have much choice when Germany and France decided to rename the German Mar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do algorithmic traders make money from short-term or long-term gains? ### Answer: Algorithmic trading essentially banks on the fact that a price will fluctuate in tiny amounts over short periods of ti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do banks give us interest even for the money that we only had briefly in our account? ### Answer: As mentioned in other answers the interest you make is negligible and the calculations would depend on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy tires and keep car for 12-36 months, or replace car now? ### Answer: If the car is in otherwise good shape, it's always less expensive to keep it longer. Think of it this way: you have to buy new ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: gnucash share fractions ### Answer: As BrenBarn stated, tracking fractional transactions beyond 8 decimal places makes no sense in the context of standard stock and mutual fund transactions. This is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can Robin Hood offer trading without commissions? ### Answer: They mostly make money off of the spread between your order and the spread of the buy and sell currently in the market. As others have...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I use same stock broker to buy stocks from different stock markets? ### Answer: In the US there is only one stock market (ignoring penny stocks) and handfuls of different exchanges behind it. NYS...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best, low risk investment I can make now? ### Answer: TL;DR - go with something like Barry Ritholtz's All Century Portfolio: 20 percent total U.S stock market 5 percent U.S. REITs 5 percen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the benefit of opening a Certificate of Deposit (CD) Account? ### Answer: The benefit, as other answers have mentioned, is higher interest rates than are available compared to other comparable ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Risk of buying stock ### Answer: When you buy shares, you are literally buying a share of the company. You become a part-owner of it. Companies are not required to pay dividends in any given year. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making an offer on a property - go in at market price? ### Answer: From then on we've felt he was really pushy and rushing us to make a decision (we need to lock in a good rate, its a sellers market, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to trade CFD without leverage? ### Answer: You can but there is no point trading CFD's seeing you may still lose more than your investment due to slippage ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Put idle savings to use while keeping them liquid ### Answer: Since you're coming out of college, you're probably a new investor and don't know too much about stocks, etc. I was in the same situation ...
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: Does that justify the purpose? That is for individual Banks to decide. No bank would pay for daily expenditure if you are saying primary salary yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Short selling - lender's motivation ### Answer: As the other answer said, the person who owns the lent stock does not benefit directly. They may benefit indirectly in that brokers can use the short l...
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: Since you seem to be interested in investing in individual stocks, this answer will address that. As for the general question of investing, the answer ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stores and manufacturers use mail in rebates? A scam, or is there a way to use them effectively? ### Answer: Chiming in with other answers that incriminate market segmentation attempts, I would...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would you sell your bonds? ### Answer: Investment strategies abound. Bonds can be part of useful passive investment strategy but more active investors may develop a good number of reasons why buyi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good 5-year plan for a college student with $15k in the bank? ### Answer: I just checked TCF's rates, and they only pay a miserly rate of 0.25%. Banks like Capital One or Sallie Mae pay abou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What factors should I consider when creating a financial plan? ### Answer: When you begin to consider building your financial plan, the first area you should take into account is your individual needs...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to maximize small business 401k contribution? ### Answer: I would hire an accountant to help set this up, given the sums of money involved. $53,000 would be the minimum amount of compensation nee...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I be investing in bonds as part of a diversified portfolio? ### Answer: Buy a fund of bonds, there are plenty and are registered on your stockbroker account as 'funds' rather than shares. O...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are AAA private-sector corporate bonds safer than government bonds? ### Answer: If you are afraid of your government defaulting, then you also have reason to fear that your country's so-called "AAA" c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Thorough Description of Yield to Maturity? ### Answer: What is a bond price? A bond is an asset, and like any tradeable asset it has a price. If I hold $10K face value of a certain GM bond, then I w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I cosigned for a friend who is not paying the payment ### Answer: Sue the friend. When you win, garnish his wages. It does not have to be by so much that it makes him quit his job, but get 75.00 per p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't companies underestimate their earnings to make quarterly reports look better? ### Answer: You need to distinguish a company's guidance from analysts' estimates. A company will give a revenue...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it irresponsible for me to lease a $300/month car for 18 months? ### Answer: Presumably you need a car to get to work, so let's start with the assumption that you need to buy something to replace t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do rich people guarantee the safety of their money, when savings exceed the FDIC limit? ### Answer: I found out there is something called CDARS that allows a person to open a multi-million dollar ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does keeping 'long-term' safety net in bonds make sense? ### Answer: I am understanding the OP to mean that this is for an emergency fund savings account meant to cover 3 to 6 months of living expense...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tenant wants to pay rent with EFT ### Answer: The biggest disadvantage to you is that your tenant now knows your bank information, which means he can easily identify your source of money in the event ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to tell if an option is expensive ### Answer: One way is to compare the implied volatility with the realised volatility over a period similar to the time left to expiry. However there are plenty o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Data source for historical intra-day bid/ask price data for stocks? ### Answer: This amazing site will answer all your data questions. You will need some patience and willingness to spend to get the d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Prepaying a loan: Shouldn't the interest be recalculated like a shorter loan? ### Answer: You are expecting, that if you pay off a 30 mortgage after 16 years, you should be charged the same amount of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is house swapping possible? ### Answer: You would have to find someone in the other state who wanted to swap. This is conceivable but difficult if you want the houses to be the same value. How do yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: That “write your own mortgage” thing; how to learn about it ### Answer: You are asking about a common, simple practice of holding the mortgage when selling a house you own outright. Typically called s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does stock dilution work in relation to share volume? ### Answer: Let me answer with an extreme example - I own the one single share of a company, and it's worth $1M. I issue 9 more shares, and fi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does it make sense to buy an index ETF (e.g. S&P 500) when the index is at an all-time high? ### Answer: Being long the S&P Index ETF you can expect to make money. The index itself will never "crash" ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does a real estate seller get to know the financing arrangements of the buyer? ### Answer: The buyer discloses the financing arrangements to the seller because it makes his offer more attractive. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Military Separation ### Answer: Welcome to Money.SE, and thank you for your service. In general, buying a house is wise if (a) the overall cost of ownership is less than the ongoing cost to rent in t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it safe to accept money in the mail? ### Answer: On your end of the deal, the biggest risk is probably counterfeiting. That said, I'd think that most of the downside would be for the buyer since th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there an online cost-basis calculator that automatically accounts for dividend re-investments and splits? ### Answer: Reinvestment creates a nightmare when it comes time to do taxes, sadly. Tons of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Bucketing investments to track individual growths ### Answer: Some personal finance packages can track basis cost of individual purchase lots or fractions thereof. I believe Quicken does, for example....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is it possible to just take out a ton of credit cards, max them out and default in 7 years? ### Answer: I should apply for everything I can on the same day, get approved for as many as I can First...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you translate a per year salary into a part-time per hour job? ### Answer: All things being equal, a $55,000/year job with 25% benefit load is about $68,750/year. That's a little more than $34/...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are Shiller real-estate futures and options catching on with investors? ### Answer: The Case-Schiller macro derivatives market has seen very minimal activity. For example, in the three regional mark...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the formula for determining estimated stock price when I only have an earning per share number? ### Answer: Stock price = Earning per share * P/E Ratio. Most of the time you will see in a lis...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I avoid credit card use to improve our debt-to-income ratio? ### Answer: If you pay it off before the cycle closes it will look like you have 100% available credit. So if you credit card stat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do credit union loans and dividends vs interest work? ### Answer: A credit Union makes loans exactly the same ways a bank does. A portion of the money deposited in checking, savings, money market...