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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why companies appear in several stock exchanges? ### Answer: If I buy the one from NSY, is it the "real" Sinopec? No - you are buying an American Depository Receipt. Essentially some American bank or ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If stock price drops by the amount of dividend paid, what is the use of a dividend ### Answer: There are many reasons for buying stock for dividends. You are right in the sense that in theory a stock...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Next option(s) after house is not selling on market? ### Answer: EDIT: new ideas based on the full story. I wouldn't worry about the price history. While it is certainly true that some buyers might t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do passive ETFs require so much trading (and incur costs)? ### Answer: Now, if I'm not mistaken, tracking a value-weighted index is extremely easy - just buy the shares in the exact amount they ar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is the Dow divisor calculated? ### Answer: The details of the DJIA methodology is outlined in the official methodology document on their website. In addition, you will need their index mathematic...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't I withdraw the $57 in my account? ### Answer: Is there a debit card accessing this account? When you spend money on a debit card for certain item, including, but not limited to gas, restaur...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: US sanctions against foreign citizens ### Answer: Are most big US based financial institutions and banks in such a close relationship with USCIS (United States Citizenship And Immigration Services) so...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stocks are traded on secondary markets? ### Answer: NYSE and Nasdaq are secondary markets where stocks are bought or sold. The process of creating new stocks via IPO or private placements etc are call...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can cold-callers know about my general financial status ### Answer: There are multiple social engineering ways. ###end
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: If you have a big pocket there are quite a few.. not sure if they take us clients though. Vcap, Barclays, Icap, Fixi, Fc Stone, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using stock options to lower income tax in the USA? ### Answer: You're talking about NQO - non-qualified stock options. Even assuming the whole scheme is going to work, the way NQO are taxed is that t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How big of a mortgage can I realistically afford? ### Answer: $260k mortgage is pretty high for $80k salary alone -- if you have expensive tastes, be prepared to tune them down. The make or break for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stock index fund likely to keep being a reliable long-term investment option? ### Answer: When you are putting your money in an index fund, you are not betting your performance against other asset...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I am a Resident Alien for tax purposes. Can I claim exemptions from the India - US Tax Treaty (21)? ### Answer: I was able to find several references that claim that the Indo-US treaty provision is li...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Lend money at a rate linked to the prime rate ### Answer: Yes. In the US these are called certificates of deposit or savings accounts. Every run-of-the-mill bank offers them. You give the bank mone...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Maxing out HSA after maxing out Roth IRA ### Answer: Unless the hypothetical fellow is immune to disease, and indestructible, with no risk of injury, the HSA is an ideal place for this money. It offe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks allow more control over credit/debit card charges? ### Answer: Actually in Finland on some bank + debit/credit card + online retailer combinations you type in your card details as you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do Americans have to file taxes, even if their only source of income is from a regular job? ### Answer: Companies in the US will take care of paying a portion of your required income tax on your b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paypal website donations without being a charity ### Answer: Yes, PayPal allows you to add a donate button to your website. You're responsible for any tax record-keeping related to income from the don...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best asset allocation for a retirement portfolio, and why? ### Answer: You're right, the asset allocation is one fundamental thing you want to get right in your portfolio. I agree 110%. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying insurance (extended warranty or guarantee) on everyday goods / appliances? ### Answer: Most of the consumer products that you buy at retail these days are commodity priced, and have been for a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why index funds have different prices? ### Answer: Price, whether related to a stock or ETF, has little to do with anything. The fund or company has a total value and the value is distributed among t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculating Future and Present value into mortgage comparisons ### Answer: Using the fact that you'd save $160/mo by spending $7000, I'd look at it this way - If I were to lend you the $7000 at 12%/y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A guy scammed me, but he gave me a bank account number & routing number. Can I use that to take out what he owes me? ### Answer: As long as there is nothing more to this story you aren't sharing, you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Restricting a check from being deposited via cell phone ### Answer: No, most check deposits are processed that way. Banks transmit the pictures of the checks between themselves, and allow business cus...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debit cards as bad as credit cards? ### Answer: Debit cards are the dumbest development ever. I now have a piece of plastic that allows any yahoo to cause me to bounce my mortgage. Great. Throw away t...
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: It has little to do with money or finance. It's basic neuroscience. When we get money, our brains release dopamine (read Y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Repaying Debt and Saving - Difficult Situation ### Answer: She seems to be paying an inordinate amount of money for car payments. $850/month is just too high. She may be able to get by on public trans...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: W2 vs 1099 Employee status ### Answer: Another thing to consider, however, is the deductibility of business expenses. Let's assume that the employer can legitimately hire you as a 1099 contractor. (...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate PE ratios for indices such as DJIA? ### Answer: The official source for the Dow Jones P/E is Dow Jones. Unfortunately, the P/E is behind a pay-wall and not included in the free regis...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do third-party banks issue car loans? ### Answer: I have had it two way now: I got pre-approval from my credit union which just so happened to be one of the bigger vehicle lenders in the metro are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I transfer and consolidate my 401k's and other options? ### Answer: You should ask your broker of choice for paperwork to move funds to them. You can't move into an account that doesn't exist,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I pay off my private student loans that have a lot of restrictions? ### Answer: Not that I doubted everyone's assumption but I wanted to see the math so I did some spreadsheet hacking. I as...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Non Resident aliens - Question of standard vs itemized ### Answer: The IRS' primary reference Pub 519 Tax Guide for Aliens -- current year online (current and previous years downloadable in PDF from t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Looking for a good source for Financial Statements ### Answer: The best source of financial statements would be from the company in question. On corporate websites of public listed companies, you can ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying Off Principal of Home vs. Investing In Mutual Fund ### Answer: I wouldn't pay down your mortgage faster until you have a huge emergency fund. Like two years' worth of expenses. Once you put e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Borrowing money and then investing it — smart or nart? ### Answer: Theory of Levered Investing Borrowing in order to increase investment exposure is a time-honored and legitimate activity. It's the o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What kind of symbol can be shorted? ### Answer: Any publicly traded financial instrument can be sold short, in theory. There are, however, many regulations associated with short sales of US equities ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I begin investment saving, rather than just saving in a bank account? ### Answer: In general, the higher the return (such as interest), the higher the risk. If there were a high-return no-risk ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How and where can I deposit money to generate future payments / income? ### Answer: If you're in the USA and looking to retire in 10 years, pay your Social Security taxes? :P Just kidding. Do a search...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is unmarketable stock valued for tax purposes? ### Answer: How you are taxed will depend on what kind of stock awards they are. The value will be determined by the company that issues it, and appr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Over how much time should I dollar-cost-average my bonus from cash into mutual funds? ### Answer: The OP invests a large amount of money each year (30-40k), and has significant amount already invested...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Upcoming company merger with company I have stock in, help me interpret what is happening ### Answer: The "par value" is a technicality that you can ignore in this case, and it has nothing directly to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can we determine how much income our savings could generate if we purchase an annuity? ### Answer: Note that it isn't always clear that "turning it all into an annuity" is the right answer. Annuit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people buy insurance even if they have the means to overcome the loss? ### Answer: In addition to stoj's two good points I'll add a couple more reasons: 3) In some situations there are seconda...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Free service for automatic email stock alert when target price is met? ### Answer: Sure, Yahoo Finance does this for FREE. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Beyond RRSP deductions, how does a high income earner save on taxes? ### Answer: That's not especially high income, and while I can't speak for Canadians, most of us south of the border just pay the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Flexplan - a company is taking over another, do I pay the balance? ### Answer: This is only one of a series of questions your friend needs to understand. They will also need to know what happens to: v...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I get bill collectors who call about people I know to stop calling me? ### Answer: I agree about not wanting to get into your friend's personal business, and it's a scummy bill collector that r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Clarify on some Stocks Terminology ### Answer: Yep, you have it pretty much right. The volume is the number of shares traded that day. The ticker is giving you the number of shares bought at that pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What would happen if the Euro currency went bust? ### Answer: The result would be catastrophic. The almost-reserve currency would collapse which would produce a medium sized depression, perhaps same w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: P/E multiples for privately held companies? ### Answer: You're indeed right, this cannot be answered affirmatively. I will try, without going too deep in details, to brush a shallow portrait In its si...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with my $25k to invest as a 20 years old? ### Answer: I don't like your strategy. Don't wait. Open an investment account today with a low cost providers and put those funds into a l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: eurodollar future ### Answer: If they short the contract, that means, in 5 months, they will owe if the price goes up (receive if the price goes down) the difference between the price they sold the fu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying my first car out of college ### Answer: I support the strategy to buy a less expensive car at the outset and then save for that more expensive car. You mentioned that you would be able to save ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the stock market, why is the “open” price value never the same as previous day's “close”? ### Answer: The two answers so far are right, but there's a third factor - for many stocks, there's after h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you short a stock before the ex-div. date to make a profit? ### Answer: I am relative newbie in the financial market trading and as I understand it, the response from Victor is accurate in respect...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a government-mandated resource that lists the shareholders of a public company? ### Answer: No, there is no such list, as the other answers mention it is practically impossible to compile one...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do individual stocks have futures trading ### Answer: As others have pointed out, they do in fact exist. But it may be worth pointing out a possible reason that they are not as popular as commodities...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I determine ownership split on a franchise model? ### Answer: There is no right and wrong answer to this question. What you and your business partner perceive as Fair is the best way to split t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay down on second mortage when underwater? ### Answer: I'd split whatever cash flow you have between saving money and paying down the 20% loan. The fact that you are carrying an unrealized loss isn't...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: DJIA components multipliers ### Answer: You can create something like that by: You'll have to determine the PE ratio manually from the financial statements. To get the PE ratio for each company, you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it accurate to say that if I was to trade something, my probability of success can't be worse than random? ### Answer: If i do this, I would assume I have an equal probability to make a profit or a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Monthly payment on a compounded daily car loan? [duplicate] ### Answer: I would like to know how they calculated such monthly payment The formula is: Your values would come out to be: r = (1+3.06/(10...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is CLM a stock or an ETF? ### Answer: Ask your trading site for their definition of "ETF". The term itself is overloaded/ambiguous. Consider: If "ETF" is interpreted liberally, then any fund that trad...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When does selling (writing) options count for tax purposes? ### Answer: If you take the profit or loss next year, it counts on next year's taxes. There's no profit or loss until that happens. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would I qualify for a USDA loan? ### Answer: All the above advices plus this: For you first house, you should start smaller. Buy a 100k or less condo if possible, then grow from there. You sell every ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Difference between GOOGL and GOOG ### Answer: Source ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I find accurate historical distribution data for mutual funds? ### Answer: If you want to go far upstream, you can get mutual fund NAV and dividend data from the Nasdaq Mutual Fund Quotation...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can rebuilding a city/large area be considered an economic boost? ### Answer: You are not wrong. This is called the "Broken Window" fallacy in economics. Imagine if 20% of a population was employe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the MBA an overrated degree/qualification? ### Answer: The quality of the MBA is really what decides if it's worth it. You have to make sure the school where you are going to is highly regarded or ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Interactive Brokers Margin Accounts ### Answer: Scenario 1 - When you sell the shares in a margin account, you will see your buying power go up, but your "amount available to withdraw" stays the same ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Need something more basic than a financial advisor or planner ### Answer: In addition to a fee-only advisor, brought up by dg99, you could consider asking your questions on message boards such as Bogl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying Off Principal of Home vs. Investing In Mutual Fund ### Answer: Other answers are already very good, but I'd like to add one step before taking the advice of the other answers... If you still ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the proper way to report additional income for taxes (specifically, Android development)? ### Answer: You would report it as business income on Schedule C. You may be able to take deductions ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For a mortgage down-payment, what percentage is sensible? ### Answer: A bigger down payment is good, because it insulates you from the swings in the real estate market. If you get FHA loan with 3% do...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to sell a stock in a crashing market? ### Answer: Your question contains a faulty assumption: During crashes and corrections the amount of sellers is of course higher than the amount of buyers, ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is this legal: going long on call options and artificially increasing the price of the underlying asset seconds before expiration? ### Answer: This can be done, you can be prosecuted for some forms of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would investing equally in all 30 companies which comprise the DJIA net the same performance as the DJIA? ### Answer: MD-Tech's answer is correct. Let me only point out that there are easier ways to i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dealing with event driven market volatility ### Answer: If you are worried about an increase in volatility, then go long volatility. Volatility itself can be traded. Here in the US there is an index V...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does LLC ownership work in relation to U.S. tax law? ### Answer: It really depends. If it is offered as compensation (ie in leiu of, or in addition to salary or cash bonus) then it would be repor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are my purchases of stock, mutual funds, ETF's, and commodities investing, or speculation? ### Answer: I'd argue the two words ought to (in that I see this as a helpful distinction) describe different...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will I get taxed on withdrawals from Real Cash Economy games? ### Answer: Situation #1: I keep playing, and eventually earn 1000 PED. I withdraw this. Will I get taxed? If so, by how much? This is p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do non-electronic stock exchanges (with floor traders) still exist? ### Answer: For the second part, no most NYSE trades are done electronically. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean to a life insurance policy holder to convert from a stock to mutual insurance company? ### Answer: A stock insurance company is structured like a “normal” company. It has shareholder...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Nasdaq vs Nasdaq Trade Reporting Facility ### Answer: You can infer some of the answers to your questions from the BATS exchange's market data page and its associated help page. (I'm pretty sure a pa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is meant by “buy-side firm” and “sell-side firm”? ### Answer: Traditionally, dealers and broker-dealers were in contact with the actual producers of a product or issuers of a security, selling it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Multi-Account Budgeting Tools/Accounts/Services ### Answer: I sort of do this with credit cards. I actually have 4 AMEX cards that I've accumulated over the years. Certain types of expenses go on each...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax implications of having some self-employment income? ### Answer: Havoc P's answer is good (+1). Also don't forget the other aspects of business income: state filing fees, county/city filing fees, b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it sensible to redirect retirement contributions from 401(k) towards becoming a landlord? ### Answer: With a healthy income its quite possible to contribute too much into 401Ks/IRAs. For example, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Could there be an interest for a company to make their Share price fall? ### Answer: I'm sure Nintendo made that statement to stem what will clearly be an upset during the next quarterly report. This...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Video recommendation for stock market education ### Answer: In general I would recommend to stay away from any video from a successful trader, at least those that claim to share their secrets. If they...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why ever use a market order? ### Answer: The original poster's concern is valid. Sometimes, market orders do get executed at seemingly ridiculous prices. In addition to Victor's reasons for using a m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Claiming car as a business expense in the UK ### Answer: I'm going to look just at purchase price. Essentially, you can't always claim the whole of the purchase price (or 95% your case) in the year (t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Getting started in stock with one special field of activity ### Answer: I don't think investing in only one industry, which you may know well, is very wise. You may want to invest in that industry but...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Correct way to amend tax return as a result of not correctly reporting gains on sale of private stock based on Installment method? ### Answer: After much research, the answer is "a": recompute the tax...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the equation for an inflation adjusted annuity held in perpetuity? ### Answer: Let P denote the amount of the investment, R the rate of return and I the rate of inflation. For simplicity, ass...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What debts are both partners liable for in a 'community property' state? ### Answer: I know one piece of information that can help you (in a macabe sort of way) - from what my wife has told me, if you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Taxes on selling stock ### Answer: You realise a capital gain as soon as you sell the stock. At that point, you will have to pay taxes on the profits when you fill in your tax return. The fact that yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Has anyone compared an in-person Tax Advisor to software like Turbo Tax? ### Answer: Generally speaking no person or program is really going to be able to help you lower your current tax burden, most ...