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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First time consultant, doubts on Taxation ### Answer: This is how a consulting engagement in India works. If you are registered for Service Tax and have a service tax number, no tax is deducted at sou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options for dummies. Can you explain how puts & calls work, simply? ### Answer: Here's my attempt at "Options for Kids" "Hey kid... So you have this video game that you paid $50 for that you want to s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How risky are penny stocks? ### Answer: Most penny stocks go to zero because most businesses fail. You stated in your original post that you were wondering specifically about companies with no assets...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do you avoid tax when taking a home equity loan? ### Answer: Loans are not taxable events. The equity you took out is not income. It's a loan, and you pay it back with interest. You pay taxes on the c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which Benjamin Graham book should I read first: Security Analysis or Intelligent Investor? ### Answer: I would recommend reading Intelligent Investor first. It was written slightly more recently (1949...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I continue to invest in an S&P 500 index fund? ### Answer: I would be very cautious about investing any more funds into the S&P500 at this stage. You are quite correct in your observation with ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How and Should I Invest (As a college 18 year old with minimal living expenses)? ### Answer: The $1K in funds are by default your emergency fund. If absolutely necessary, emergency funds may need to c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Historical company performance data ### Answer: Morningstar has that 10 history at http://financials.morningstar.com/ratios/r.html?t=JNJ&region=usa&culture=en-US ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some good, easy to use personal finance software? [UK] ### Answer: Update: I am now using another app called toshl and I am very satisfied with it. In fact, I am a paying customer. It is web ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it impossible to get a home loan with a poor credit history after a divorce? ### Answer: No, it is never impossible to get credit so long as there are no price controls or quotas. In most of the Un...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Not paying cash for a house ### Answer: You could use the money to buy a couple of other (smaller) properties. Part of the rent of these properties would be used to cover the mortgage and the rest is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do personal checks expire? [US] ### Answer: It depends on the bank. According to the Uniform Commercial Code, a bank is not obliged to pay a cheque after six months, but may do so if it wants to. § 4-...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can heavy demand for options drive up or down a stock price? ### Answer: You will tend to find as options get closer to expiry (within 2 months of expiry) they tend to be traded more. Also the closer ...
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: Put £50 away as often as possible, and once it's built up to £500, invest in a stockmarket ETF. Repeat until you retire. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the Yale/Swenson Asset Allocation Too Conservative for a 20 Something? ### Answer: That looks like a portfolio designed to protect against inflation, given the big international presence, the REIT ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Oversimplify it for me: the correct order of investing ### Answer: All of the provided advice is great, but a slightly different viewpoint on debt is worth mentioning. Here are the areas that you shou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Self Assessment UK - Goods and services for your own use ### Answer: Work on your own site is certainly not relevant here, that's just a part of your trade, not a service you provided to yourself. The...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there online brokers in the UK which don't require margin account? ### Answer: You can open an account with HSBC and use InvestDirect - their online share trading service - to trade LSE-traded sha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Bed and Breakfast, Same Day Capital Gains UK ### Answer: The 'same day rule' in the UK is a rule for matching purposes only. It says that sales on any day are matched firstly with purchases made on t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I prepare for the next financial crisis? ### Answer: Your asset mix should reflect your own risk tolerance. Whatever the ideal answer to your question, it requires you to have good timing,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the tax benefits of dividends vs selling stock ### Answer: In the US, dividends are presently taxed at the same rates as capital gains, however selling stock could lead to less tax owed for t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a US bank prevent you from making early payments to the principal on a home mortgage? ### Answer: littleadv's first comment - check the note - is really the answer. But your issue is twofold - Ev...
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: The simple answer is: Where 'think' stands for "after your calculations, and guts/intuitions, a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which is better when working as a contractor, 1099 or incorporating? ### Answer: Unless the amounts involved are very small, it is MUCH better to incorporate. First, incorporation gives you limited li...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't the government simply payoff everyone's mortgage to resolve the housing crisis? ### Answer: TARP was ~$475 billion of loans to institutions. Loans that are to be paid back, with interest (a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the downsides that prevent more people from working in high-income countries, and then retiring in low-income (and cost of living) ones? ### Answer: There are two parts to the hack you descri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In a competitive market, why is movie theater popcorn expensive? ### Answer: A multiplex is a concession stand which happens to show movies in order to lure you into range of the smell of their popcor...
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: I am currently in the process of purchasing a house. I am only putting 5% down. I see that some are saying that the traditional 20...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there anything I can do to prepare myself for the tax consequences of selling investments to buy a house? ### Answer: Have you changed how you handle fund distributions? While it is typical to re-...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is person-person lending/borrowing protected by law? ### Answer: Yes, it is, under some circumstances (basically, a piece of paper saying "John Doe borrowed Josh Shoe 100 USD" is not enough). Usually,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do some online stores not ask for the 3-digit code on the back of my credit card? ### Answer: There are different ways of credit card purchase authorizations. if some choose less secure method it'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I analyse moving averages? ### Answer: Moving Average is mere average line based on historical period; broadly use to view the trend. But it has no relation to price action in due future course...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Basic questions about investing in stocks ### Answer: A stock represents your share of ownership in a corporation. All of these shares indicate towards your part of ownership in a corporation a shareh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Identifying “Dividend Stocks” ### Answer: How to find good divided stocks? Research and read. Google, Yahoo, and most likely your broker offer some sort of stock screener tool where you can look for s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Change In Cash and Cash Equivalents (cash flow) vs Cash And Cash Equivalents (balance sheet) ### Answer: tl;dr It's a difference between cash and cash equivalents and net cash and cash equivalents. D...
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: The best asset allocation is one that lets you sleep well at night. Can you stomach a loss of 50% and hold on to that...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who Bought A Large Number Of Shares? ### Answer: SEC forms are required when declaring insider activity. An insider is defined by the SEC to be a person or entity which (i) beneficially owns 10% or m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How did Bill Gates actually make his money? ### Answer: Bill was the founder of Microsoft, so he did indeed have a large number of shares as the company was growing exponentially. He has previously d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does Reuters provide the 4pm London Spot rate for currencies? ### Answer: The interpretation is correct. The Reuters may give you the London 4PM rates if you query after the close for the day. The clo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does renting a room on AirBnB make all interest taxable? ### Answer: It says that you are exempt "as long as such interest income is not effectively connected with a United States trade or business". ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Changing Bank Account Number regularly to reduce fraud ### Answer: Couple of my friends went through a fraud agent who ran off with their money and the landlords were none the wiser. So it always pays...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the consequences of IRS “reclassification” on both employer and employee? ### Answer: You are confusing entirely unrelated things. First the "profit distribution" issue with Bob's S-Corp whic...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I pay a zero % loan before another to clear both loans faster? ### Answer: Allen, welcome to Money.SE. You've stumbled into the issue of Debt Snowball, which is the "low balance" method of paying o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strategy for investing large amount of cash ### Answer: I think a larger issue is that you're trying to do market timing. Whether you had a large or small amount of money to invest, no one wants to pu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What did John Templeton mean when he said that the four most dangerous words in investing are: ‘this time it’s different'? ### Answer: This refers to the faulty idea that the stock market will behave ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to measure systematic risk of a stock? ### Answer: Beta is the correct answer. It is THE measure of the risk relationship of a stock with the broad market. R squared is incorrect unless you mean ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why should one only contribute up to the employer's match in a 401(k)? ### Answer: The matching funds are free money, so it is a very good idea to take that money off the table. Look at it as free 10...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As a total beginner, how do I begin to understand finance & stocks? ### Answer: I think you've got basics, but you may have the order / emphasis a bit wrong. I've changed the order of the things you'v...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why not just invest in the market? ### Answer: Most of it is probably due to ignorance and disbelief. A few years ago, I started doing week-long trades with my IRA. For a while I would make money each...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Save money in company for next year ### Answer: As was once famously said, Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be sai...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Being a 1099 for a company I part-own? ### Answer: The contract he wants me to sign states I'll receive my monthly stipend (if that is the right word) as a 1099 contractor. The right word is guarant...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a real estate attorney needed for builder deposit contract? ### Answer: You are planning on signing a contract for, likely, hundreds of thousands of dollars, and plan on paying, likely, tens of tho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is KIRCHSTRASSE on my statement bill? ### Answer: POS stands for Point of Sale (like a specific store location) which indicates that the purchase occurred by using your debit card, but it can als...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does Portfolio Turnover affect my investment? ### Answer: As Kurt Vonnegut said, the way to make money is to be there when large amounts of money are changing hands and take a little for yourself;...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As an employer, how do I start a 401k or traditional IRA plan? ### Answer: OK, so first of all, employers don't set up IRAs. IRA stands for Individual Retirement Account. You can set up a personal I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I set up my finances when first moving out? ### Answer: The first thing you need to do is to set yourself a budget. Total all your money coming in (from jobs, allowances, etc.) and all your mon...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What evidence or research suggests that mid- or small-capitalization stocks should perform better than large caps? ### Answer: Efficient Frontier has an article from years ago about the small-cap and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to find a public company's balance sheet and income statement? ### Answer: The balance sheet and income statements are located in the 10-K and 10-Q filings for all publicly traded companies. It wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Foolish to place orders before the market opens? ### Answer: Depending on your strategy, it could be though there is also something to be said for what kind of order are you placing: Market, limit or ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I find a company's earnings history for free? ### Answer: www.earnings.com is helpful thinkorswim's thinkDesktop platform has a lot of earnings information tied with flags on their charts th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Record retention requirements for individuals in the U.S.? ### Answer: Indeed the IRS publication references the 3-6 year time span. And no limit for fraud. But. I get a notice that some stock I owne...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I do double-entry bookkeeping for separately-managed investment accounts? ### Answer: For any accounts where you have a wish to keep track of dividends, gains and losses, etc., you will have to...
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: You mentioned 15-20 years in your comment on mhoran_psprep's response. This is the most important factor to consider in the p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the point of owning a stock without dividends if it cannot be resold? ### Answer: Shares often come associated with a set of rights, such as ability to vote in the outcome of the company. Some...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a multi-family home to rent part and live in the rest ### Answer: This is one of those too good to be true things that is actually true. Why? Because only you can do this. Only you can deduct f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to Explain “efficient frontier” to child? ### Answer: I know you really like bananas, but don't you think you would get tired of them after a while? Better stock up on some kiwi and mango just to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Apartment lease renewal - is this rate increase normal? ### Answer: There could be a number of reasons for a rent increase. The only information I can offer is how I calculate what rent I will charge....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the benefit of a credit card with an annual fee, vs. a no-fee card? ### Answer: Just to make this a little less vauge, I will base everything on the Mercedes Benz American Express (MB AMEX) car...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth it to re-finance my car loan? ### Answer: Seems like a good deal to me. You are paying less interest over the lifetime of the loan. And what I would do is take the difference between the n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dividends - Why the push to reinvest? ### Answer: There is a basis for that if you consider the power of compounding. So, the sooner you re-invest the dividends the sooner the time will give you resul...
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 new/emerging technology? ### Answer: When is the right time to buy a new/emerging technology? When it's trading at a discount that allows you to make your money back an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the UK, can authors split a single advance on a book over multiple tax returns? ### Answer: HMRC calls it: Averaging for creators of literary or artistic works, and it is the averaging of your prof...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean for a company to have its market cap larger than the market size? ### Answer: The quickest way to approach this question is to first understand that it compares flows vs. levels. Mar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How best to grow my small amount of money starting at a young age? [duplicate] ### Answer: (Congrats on earning/saving $3K and not wanting to blow it all on immediate gratification!) I currently have ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any reason to keep around my account with my old, 'big' bank? ### Answer: I'd add that bigger banks tend to have experience doing more complicated things. As an example, my local credit union (~12 off...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Expensive agenda book/organizer. Office expense or fixed asset? ### Answer: If your business pays taxes, it is in your best interest to expense it. Even if you don't pay taxes, setting your capitaliza...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax implications of diversification ### Answer: If so, are there ways to reduce the amount of taxes owed? Given that it's currently December, I suppose I could sell half of what I want now, and the ot...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any investment strategies which take advantage of an in-the-money option price that incorporates no “time value”? ### Answer: Options can have a negligible time premium. For American1 calls ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Personal loan to a friend procedure ### Answer: If this isn't a case where you would be willing to forgive the debt if they can't pay, it's a business transaction, not a friend transaction. Establish ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any way to buy a new car directly from Toyota without going through a dealership? ### Answer: If there's one reasonably close to you, you could go to a no-haggle dealership. Instead of makin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I expect to pay when meeting my first financial planner? ### Answer: A complete analysis of your current situation, goals, and formulating a plan to meet those goals, including discussing you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are lottery tickets ever a wise investment provided the jackpot is large enough? ### Answer: I realize that most posters are US based, but the UK on Saturday had its biggest ever payout (a miserable £...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I make my savings keep in check with or beat inflation over a long time period via index funds? ### Answer: If I invest in index funds or other long term stocks that pay dividend which I reinvest,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: HSBC Hong Kong's “Deposit Plus” Product: What is it, and what strategies to employ? ### Answer: HSBC, Hang Seng, and other HK banks had a series of special savings account offers when I lived in HK a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit rating in Germany ### Answer: The SCHUFA explicitly says on their website that their scoring system is a secret. However, if your goal is to be credit-worthy for example to get financing for a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Market Close Order ### Answer: During the day, market and limit orders are submitted at any time by market participants and there is a bid and an ask that move around over time. Trades occur whenever...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Hearing much about Dave Ramsey. Which of his works is best in describing his “philosophy” about money? ### Answer: My beef with day (and to ape Yishai's answer a little) is that his good advice is no ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trouble sticking to a budget when using credit cards for day to day transactions? ### Answer: Do yourself a favor: calculate the price of airfare, calculate how many points it takes to get a good flig...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I have credit cards without having a credit history or credit score? ### Answer: For instance and to give a comparison to the US - in Austria, almost everybody gets a credit card (without a cr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to know the probability that a trade is successful? ### Answer: No. Like Keshlam said, unless you have a crystal ball there is no sure thing. However based on the things you said in you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are earning credit card rewards often tied to groceries and gas? ### Answer: Every reward program has to have a funding source. If the card gives you x percent back on all purchases. That means th...
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: If you are still paying off debt, then you should have about $1000 in savings and put all you can towa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I compare the performance of a high dividend funds with other funds and or an index ### Answer: Vanguard (and probably other mutual fund brokers as well) offers easy-to-read performance charts...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to find out if I have a savings account already? ### Answer: If you know what bank your parents used, call them and ask. (Or you might have to go there and show id). Chances are if such an account...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I continue to invest in an S&P 500 index fund? ### Answer: Cycle analysis indicates that the current bear market, which began in May/June, should last until late 2016 / early 2017. So if you wa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is stock in a company considered a good or a service, or something else? ### Answer: Facebook the company is probably better understood as a capital good - it is a collection of software and servers a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay for a cheap car or take out a loan? ### Answer: The stupid question nobody asked: how mechanically inclined are you? I buy used cars, but then again I can work on them (I am building a new engine ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens if a bank no longer use an intermediary bank? ### Answer: If your counterparty sent money to a correspondent account at another bank, then it is completely up to the other bank what to do...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay off entire mortgage or put into investments ### Answer: At the area where I live (Finland), banks typically charge a lot more for additional mortgage credit taken after purchasing the house. So, i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are bonds really a recession proof investment? ### Answer: During the hyperinflation of the Wiermer republic, corporate stocks and convertible bonds were thought second only to the species (gold, silv...