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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the fractional-reserve banking not a Ponzi scheme? ### Answer: No, fractional reserve banking isn't a scam. A simple exercise: replace dollars with time. You're trading some time now for time i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I invest in my house, when it's in my wife's name? ### Answer: It is my opinion that part of having a successful long-term relationship is being committed to the other person's success and well...
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: There are a few factors I like to consider when I'm reasoning financially over my households cars. How many KMs will the car tr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I interpret this analysis from Second Opinion? ### Answer: In Second Opinion's opinion, they say "Do not initiate new position." This means do not buy the stock if you do not already own it. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What rules govern when a new option series is issued? ### Answer: The CBOE Rule Book, Section 5.5 explains exactly what programmes are available, how and when they will start listing and expire. The s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strategies to recover from a bad short-term call options purchase where the underlying dropped instead? ### Answer: For personal investing, and speculative/ highly risky securities ("wasting assets", ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does longterm investment in index funds still make sense in a reality of massive algotrading? ### Answer: Why wouldn't you expect a long-term profit? Say you buy 100 shares of company X, selling for$...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are wash sale rules different for stocks and ETFs / Mutual Funds? ### Answer: What JoeTaxpayer means is that you can sell one ETF and buy another that will perform substantially the same during the 30...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How will my stock purchase affect my taxes? ### Answer: Purchasing stock doesn't affect your immediate taxes any more than purchasing anything else, unless you purchase it through a traditional 401k o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advantage of credit union or local community bank over larger nationwide banks such as BOA, Chase, etc.? ### Answer: Fees mostly. BOA, for example, just announced $5/month for for all debit cards. C...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I Accept Gold? ### Answer: You can accept almost anything mutually agreeable to you and the other party as payment. That's the definition of "barter". If you agree to trade manufactured goods for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do new car loans, used car loans, and refinanced loans have different rates and terms? ### Answer: New car loans, used car loans, and refinances have different rates because they have different ri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I finance a car to build credit for a mortgage next year? ### Answer: The fluctuation of interest rates during the next year could easily dwarf the savings this attempt to improve your credit s...
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: A company's valuation includes its assets, in addition to projected earnings. Aside from the obvious iss...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I determine how much my car insurance will cost me? ### Answer: I'd recommend getting online quotes from several insurance companies. During the process of getting a quote, you will be asked ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What do stock market index future bid/ask quotes mean? ### Answer: Well, futures don't have a "strike" like an option - the price represents how much you're obligated to buy/sell the index for at a sp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How will my stock purchase affect my taxes? ### Answer: Assuming you are in the US, and are an average joe, the answer to your question is no. Investment costs do not reduce your taxable income for th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: ESPP strategy - Sell right away or hold? ### Answer: For ESPP, the discount that you get is taxed as ordinary income. Capital gains is taxed at the appropriate rate, which is different based on how lo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What would I miss out on by self insuring my car? ### Answer: One way to look at insurance is that it replaces an unpredictable expenses with a predictable fees. That is, you pay a set monthly amount ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any instance where less leverage will get you a better return on a rental property? ### Answer: I would say that you should keep in mind one simple idea. Leverage was the principal reason fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Basic mutual fund investment questions ### Answer: In summary, you are correct that the goal of investing is to maximize returns, while paying low management fees. Index investing has become very pop...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do LLC losses affect personal income taxes in the US? ### Answer: The short answer is yes, losses get passed through to members. Limits/percentages do apply, primarily based on your share in the b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wardrobe: To Update or Not? How-to without breaking the bank ### Answer: The best way to save on clothes is up to you. I have friends who save all year for two yearly shopping trips to update anythin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Use of free and clear houses as Collateral ### Answer: Any sensible lender will require a lean lien against your formerly-free-and-clear property, and will likely require an appraisal of the property....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the options for a 19-year-old college student who only has about $1000? ### Answer: At that sum, it essentially doesn't matter what you do, unless you just want to outright gamble the money. ...
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: In the UK, recent changes to pension taxation mean that from April 2011, people earning between £150,000 and £180,000 total and making large...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Offshore bank account with online International wire-transfer facility for Indians ### Answer: Well first off, I would advice you to do this research yourself. You should not base your selection off s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Good book-keeping software? ### Answer: I like using Mint.com to track my expenses. It makes it very easy to watch my budget and monitor my spending. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do US retirement funds typically have way more US assets than international assets? ### Answer: You need growth in your retirement fund. Sad to say but the broad U.S. marks still has better growth...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Financing with two mortgages: a thing of the past? ### Answer: There are a few of ways to do this: Ask the seller if they will hold a Vendor Take-Back Mortgage or VTB. They essentially hold a second m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I deal with my long term gain this year? ### Answer: I don't believe in letting the tax tail wag the investing dog. You have a stock you no longer wish to hold for whatever reason? Sell it....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stocks tend to trade at high volumes at the end of (or start) the trading day? ### Answer: Is it possible that mutual funds account for a significant portion of this volume. Investors may decid...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there data and proof that a diversified portfolio can generate higher returns than the S&P 500 Index? ### Answer: Yes, a diversified portfolio can generate greater returns than the S&P 500 by going...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to work around the Owner Occupancy Affidavit to buy another home in less than a year? ### Answer: Danger. The affidavit is a legal document. Understand the risk of getting caught. If you are plann...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Principal 401(k) managed fund fees, wow. What can I do? ### Answer: The expense fees are high, and unfortunate. I would stop short of calling it criminal, however. What you are paying for with your e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Quickbooks custom field for computing a value ### Answer: Custom fields are limited to non-calculated values. Read more here: http://qbblog.ccrsoftware.info/2008/07/custom-fields-in-quickbooks/ To d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do real nappies (reusable / cloth diapers) really save money? ### Answer: I just remembered a blog post at CashMoneyLife - Cloth Diapers vs. Disposable Diapers. I had come across it a little while af...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to categorize credit card payments? ### Answer: Using the Transfer category is the best place to put these categories, as that accurately reflects what the transaction is. If you have your credit ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are binary options really part of trading? ### Answer: If I really understood it, you bet that a quote/currency/stock market/anything will rise or fall within a period of time. So, what is the rela...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can my brother fix his credit? ### Answer: Well, he could negotiate with the bank to pay off the loan before the foreclosure takes effect. That would obviously cost him a large pile of cash but might ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does “Yield Curve” mean? ### Answer: Yield is the term used to describe how much income the bond will generate if the bond was purchased at a particular moment in time. If I pay $100 for a one ye...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is Google's current nasdaq market cap almost twice the current share price * the No. of shares outstanding? ### Answer: http://mobile.nytimes.com/blogs/economix/2014/04/02/the-many-classes-of-goog...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How risky are penny stocks? ### Answer: Penny stocks are for the real gambler. Don't even think about holding them long. Buy a lot of shares and profit from a penny uptick. Rake a hundred dollars h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Frustrated Landlord ### Answer: You're worried about your tenant. That just means you're a nice guy, and it's ok to be nice. At the same time, you can't be expected to lose money on the property or ch...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can Mutual Funds Invest In the Start Up Market? ### Answer: Bloomberg suggests that two Fidelity funds hold preferred shares of Snapchat Inc.. Preferred shares hold more in common with bonds than with...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can Per Diem deductions include family travel, meals and housing? ### Answer: You cannot deduct anything. Since you're actually moving, your tax home will move with you. You can only deduct the moving...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculating Future Value: Initial deposit and recurring deposits of a fixed but different Value ### Answer: But how do I bring the initial deposit into the equation? Basically, you can't. Unless you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trader Fostering Program on Futures Day Trading ### Answer: I am a bit at a loss as to how you can read the same book, that inspired Warren Buffet, and take away that trading 600 contracts per month i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Purchasing options between the bid and ask prices, or even at the bid price or below? ### Answer: People must simply be willing to match your orders if they know about it. You can sniff orders out if ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When does Ontario's HST come into effect? ### Answer: It looks like the HST will be in effect in Ontario on July 1st, 2010. As to whether it will replace GST with HST for all services, it looks like...
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: I cannot imagine an organizer being worth enough to consider depreciating the expense over a period of time greater than one...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What emergencies could justify a highly liquid emergency fund? ### Answer: I recently drove past Winslow, Arizona and knocked out the fuel pump in my truck. It cost $500 to repair, and the tow would h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the bid-ask spread considered a cost? ### Answer: This is a misconception. One of the explanations is that if you buy at the ask price and want to sell it right away, you can only sell at the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to check the paypal's current exchange rate? ### Answer: fx-rate.net offers a AUDUSD exchange rate comparison, which includes paypal: Currencyfair $1.14 Transferwise $ 2.29 Worldremit $ 3.5...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What could cause a stock to trade below book value? ### Answer: all of these examples are great if you actually believe in fundamentals, but who believes in fundamentals alone any more? Stock prices a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is selling only shares you bought with margin on a margin/unsettled cash purchase free ride? ### Answer: I'm not 100% sure, but I don't think it would be considered a free ride. The idea of a free rid...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do consultants or contractors make more money than employees? ### Answer: In addition to the other answers, consultants and contractors face a real risk (though admittedly small) of not getting pa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is inflation a good or bad thing? Why do governments want some inflation? ### Answer: Inflation is a bad thing. It makes it much more difficult for people to compare prices and prosperity over a long...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Purpose of Change Machines ### Answer: I think you're talking about two types of machines, at least in the United States. The term change machine usually refers to a machine that accepts large de...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does ES1 refer to in this picture? ### Answer: That looks very much like an S&P 500 E-Mini index future. However, ES1 is a strange symbol. Futures have the month of expiry encoded in their symb...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I save money on a gym / fitness membership? New Year's Resolution is to get in shape - but on the cheap! ### Answer: Find a physical activity or programme that interests you. Memberships only...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Understanding taxes when buying goods at a store ### Answer: States have made sales tax more confusing by expanding some categories and shrinking or eliminating other categories. In days of old there ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm 23 and was given $50k. What should I do? ### Answer: Here's what I'd do: Pay off the cards and medical. Deposit 35k in the best interest bearing accounts you can find (maybe some sort of ladder). ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: ETF's for early retirement strategy ### Answer: I think the dividend fund may not be what youre looking for. You mentioned you want growth, not income. But I think of dividend stocks as income stocks,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Large volume options sell ### Answer: Yes this is possible in the most liquid securities, but currently it would take several days to get filled in one contract at that amount There are also position ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is gold subject to inflation? [duplicate] ### Answer: No. If you have to ignore a price spike, obviously its value is not constant. Gold is a commodity, just like every other commodity. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a stock's price represent current liquidation of all shares? ### Answer: Is the stock's price at any given moment the price at which all shares could be sold to new investors? No. For the simple...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I figure out how much to bid on a parking space? ### Answer: If the cash flow information is complete, the valuation can be determined with relative accuracy and precision. Assuming the monthl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does home equity grow with the investment put into the house? ### Answer: If I have a house that its market value went from $100k to $140k can I get HELOC $40K? Maybe - the amount that you can borrow ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a “fiat” currency? Are there other types of currency? ### Answer: fiat in Latin means "let it be" or "let it happen" - as in "fiat lux!" meaning "let there be light!". Thus, fiat money means m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to interpret these explanatory graphs (about option strategies)? ### Answer: The blue line is illustrating the net profit or loss the investor will realise according to how the price of the underl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do Fundamentals Matter Anymore in Stock Markets? ### Answer: All you have to do is ask Warren Buffet that question and you'll have your answer! (grin) He is the very definition of someone who relies ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I carelessly invested in a stock on a spike near the peak price. How can I salvage my investment? ### Answer: Ignore sunk costs and look to future returns. Although it feels like a loss to exit an in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to avoid maintenance fee when balance drops below minimum? ### Answer: Looks like you have three options: Outside of this you might need to look for a different type of account. Hope that helps. #...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I get into investing in stocks? ### Answer: The best way I know of is to join an investment club. They club will act like a mutual fund, investing in stocks researched and selected by the grou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ticker symbols differences between Yahoo Finance and BestInvest ### Answer: It depends on what site you're looking on and what exchange they're pulling the data from. Even though funds and stocks are ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a White-list of Trusted Online Vendors? ### Answer: I'm going to go with "ridiculous notion." :) The vast majority of businesses are legitimate, run by honest people trying to earn a living ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why doesn't Japan just divide the Yen by 100? ### Answer: Some answers already informed about denomination. There are currencies, doing the cut off of two digits, for example the french franc. See htt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the catch with biweekly mortgage payments? ### Answer: Depending on who you have the loan through and how they figure the interest charges (whether daily, monthly, bi-monthly, etc. normally mon...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What forms do I need to fill out for a super basic LLC closing? ### Answer: If it is a sole proprietorship and you didn't make another mistake by explicitly asking the IRS to treat it as a corporatio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I wait to save up 20% downpayment on a 500k condo? ### Answer: As I've crunched numbers towards what my family could afford for a down payment (in an area with similar housing costs - don't you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I be aware of as a young investor? ### Answer: If you're tending toward stocks because you have a long time horizon, you're looking at them for the right reasons. I'm twice your age. I ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Website for managing personal cash inflow and outflow, applicable to India? ### Answer: http://www.mint.com attaches to all your accounts and lists all your transactions. I love it. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Some stock's prices don't fluctuate widely - Is it an advantages? ### Answer: I don't think you are reading the stock chart right. ORCL has a beta of 1.12 which means it has more volatility than the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In US, is it a good idea to hire a tax consultant for doing taxes? ### Answer: There are few things going on here: My advice would be: with 75k income and a regular pay check there isn't a whole let y...
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: There are some student loan repayment programs and the like where, if a raise would bump you past a certain threshold, you become ineligible...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why I can't view my debit card pre-authorized amounts? ### Answer: The hard hold is the bank holding your money for no reason but to make money of your. Like the hotel took deposit for my over night a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ticker symbols differences between Yahoo Finance and BestInvest ### Answer: BestInvest is a UK site looking at that URL, base on the "co.uk" ending. Yahoo! Finance that you use is a US-based site unle...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have savings and excess income. Is it time for me to find a financial advisor? ### Answer: Others have mentioned the term fiduciary but haven't really gone in to what that is. Despite the name "fina...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Someone asks you to co-sign a loan. How to reject & say “no” nicely or politely? ### Answer: No, I don't mix business and personal affairs. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay bill now or later? ### Answer: If you've got the money to pay the bill today, do it. They are giving you a 25% discount if you do. You won't find an investment that will beat that. Let's look at ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Cheapest way to “wire” money in an Australian bank account to a person in England, while I'm in Laos? ### Answer: I've used OFX quite a lot for international transfers. They are much faster than a nor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How secure is my 403(b)? Can its assets be “raided”? ### Answer: The simple answer is that with the defined contribution plan: 401k, 403b, 457 and the US government TSP; the employer doesn't hold on t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: No-line-of-credit debit card? ### Answer: Having worked at a financial institution, this is a somewhat simple, two-part solution. 1) The lendor/vendor/financial institution simply turns off the overdr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is everyone saying how desperately we need to save money “in this economy”? ### Answer: It's all about risk. In 1990, expressing the idea of the US defaulting on debt payments would result in you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I make money in the stock market from other people losing money? ### Answer: Just because your slice of pie gets bigger doesn't necessarily mean someone else's becomes smaller. In a lot of cases it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock has only buyers and no sellers how does its price go up? ### Answer: Depending on what currency the price is quoted in and is originally sold, currency fluctuation can also carry over onto ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the standard deviation and mean return of oil? ### Answer: Oil as a commodity or investing in oil companies as a stock? As a commodity, I'd recommend none. The article Commodities – They Have...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the most efficient ways to bet on an individual stock beating the market? ### Answer: tl;dr: Unfortunately, there is little available to the retail investor that fits your description. Instit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Vanguard ETF vs mutual fund ### Answer: Where are you planning on buying this ETF? I'm guessing it's directly through Vanguard? If so, that's likely your first reason - the majority of brokerage acc...