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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between “good debt” vs. “bad debt”? ### Answer: From what I've heard in the past, debt can be differentiated between secured debt and unsecured debt. Secured debt is a debt fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Working for recruiter on W-2 vs. working for client on 1099? ### Answer: The tax savings of being 1099 can be significant. It depends on your salary, and what you can deduct. You may want to consult...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment Portfolio Setup for beginner ### Answer: Some thoughts: 1) Do you have a significant emergency fund (3-6 months of after-tax living expenses)? If not, you stand to take a significant loss i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I make a profit by selling a stock short? ### Answer: How so? If i sell short, then i make a profit only if the price goes down so i can buy back at a lower price. Yes, but if the price is goi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would it make sense to buy a rental property as an LLC and not in my own name? ### Answer: Don't worry about the spam mail. If you get a loan, it will be based on your personal credit. I don't know if...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do people tend to spend less when using cash than credit cards? ### Answer: Unless a study accounts for whether the users are following a budget or not, it is irrelevant to those who are trying to tak...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Benefits/Disadvantages of using a credit card ### Answer: There are a couple of things to consider. First, in order to avoid interest charges you generally just need to pay the statement balance...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the dividend tax rate for UK stock ### Answer: The link provided by DumbCoder (below) is only relevant to UK resident investors and does not apply if you live in Malaysia. I noticed that in a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is day trading considered riskier than long-term trading? ### Answer: Well, let me take your question for baremetal, and aknowledge you did not asked about the difference between daytrading and in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can extra mortgage payments be made to lower the monthly payment amount? ### Answer: That's tricky. Typically you lock in the minimum monthly payment when you close the loan. You can pay more but not ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to trade large number of shares? ### Answer: You need to negotiate with your broker to allow you to do more exotic order types. One in particular I recommend is a "hidden" aka iceberg order. You...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: United Kingdom: Where to save money for a property deposit ### Answer: The chancellor announced an ISA in this week's budget intended for people saving to buy their first home. For every £200 put in t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a dividend announcement affect a option straddle position ### Answer: When dividend is announced the stock and option price may react to that news, but the actual payout of the dividend on th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: why is the money withdrawn from traditional IRA taxed at the ordinary income tax rate? ### Answer: This is actually (to me) an interesting point to note. While the answer is "that's what Congress wro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ways to save for child's college education where one need not commit to set contributions? [duplicate] ### Answer: In my opinion, whichever plan or commodity system you use is just supplemental to a v...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the best way to manage all the 401K accounts I've accumulated from my past jobs? ### Answer: I'd roll them all into one account, just for your own convenience. It's a pain to keep track of lot...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How profitable is selling your customer base? ### Answer: There are business that exist by harvesting leads and selling them to other companies. These leads can be access to resumes they sell to busi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does Warren Buffett say his fund performance, relatively, is likely to be better in a bear market than in a bull market? ### Answer: From the letter you link: Our performance, relatively, is likel...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Possible Risks of Publicizing Personal Stock Portfolio ### Answer: You would be facilitating identity theft. You would be risking people who disagree with your approach thinking you're foolish. Are yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay a company who failed to collect VAT from me over 6 months ago? ### Answer: Note: I am not a lawyer. This is my personal opinion and interpretation. First, your source is European Law, whi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is losing money in my 401K normal? ### Answer: It is absolutely normal for your investments to go down at times. If you pull money out whenever your investments decrease in value, you lock in the loss...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Boyfriend is coowner of a house with his sister, he wants to sell but she doesn't ### Answer: He doesn't have to follow through on this, but he could tell this sister that he will stop making mortgage...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the correct answer for percent change when the start amount is zero dollars $0? ### Answer: There are some assumptions which can be made in terms of the flexibility you have - I will start wit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does owning a home and paying on a mortgage fit into family savings and investment? ### Answer: Have you ever tried adding up all your mortgage payments over the years? That sum, plus all the mone...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: After Hours S&P 500 ### Answer: My original answer contained a fundamental error: it turns out that it is not true that any exchange can create its own product to track any underlying index. If the u...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How smart is it to really be 100% debt free? ### Answer: No matter what, it is never a bad decision to go 100% debt free. However, you can make debt work in your favor in some cases (investments, edu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ask FBI permission to withdraw large sums from your checking or savings? ### Answer: An international Outlook (in this case Sweden in European Union). According to laws and regulations large cash tran...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it normal for brokers to ask whether I am a beginner? ### Answer: Brokers need to assess your level of competency to ensure that they don't allow you to "bite off more than you can chew" and find y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: ETF S&P 500 with Reinvested Dividend ### Answer: A DRIP plan with the ETF does just that. It provides cash (the dividends you are paid) back to the fund manager who will accumulate all such reinvested...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a stock really dip in price on the ex-dividend date? And why would it do this? ### Answer: The stock price is what people think a company is worth, this is made up of When a company pays out a di...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are reimbursements from company taxable,and do I need to deduct them? ### Answer: I'm assuming that you're in the US. In that case, the answer is that it depends on how your company set up its reimbu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I short-sell a dividend-paying stock, do I have to pay the dividend? ### Answer: The answer provide by @mbhunter is correct, however there are contexts, shorting in spot market and carrying the pos...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Working remotely from Canada for a US company. How to get paid? ### Answer: I'm no lawyer and no expert, so take my remarks as entertainment only. Also see this question. If you have a U.S. SSN which ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: An online casino owes me money and wants to pay with a wire transfer. Is this safe? ### Answer: Keep in mind that in order to fund your online casino account, you either had to provide credit/debit ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would people sell a stock below the current price? ### Answer: I stock is only worth what someone will pay for it. If you want to sell it you will get market price which is the bid. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are some funds only recommended for investors starting out? ### Answer: I am a firm believer in TD's e-series funds. No other bank in Canada has index funds with such low management fees. Index ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do taxes work with donations made to an individual, e.g. for free software I wrote? ### Answer: Do I report it as income? Is it subject to just the same amount of taxes (~30%) as regular income?...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to determine duration of a common stock whose dividends grow in perpetuity? ### Answer: The fact that dividends grow in perpetuity does not prevent one from calculating duration. In fact, many ac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Better to rent condo to daughter or put her on title? ### Answer: By placing the property in her name, her share of it would also be considered an asset of hers should she ever be sued. If she gets ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Capital Gains Tax - Does this apply only to the actual “gains” or to the entire amount of my sale? ### Answer: Assuming you bought the stocks with after-tax money, you only pay tax on the difference. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is property investment good if properties de-valuate over time? ### Answer: It's all about the land value. The structure is only ever worth as much as it would cost to build a new one (minus demol...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 0% APR first 12 months on new credit card. Can I exceed that 30% rule of thumb and not hurt my credit score? ### Answer: I cannot stress this enough, so I'll just repeat it: Don't plan your finances ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: what is this type of stock trade? ### Answer: try to sell if today's google stock goes above 669$ This is Relative/Pegged-to-Primary Order with a Limit Price of $669 and an offset from National Best O...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: VAT in UK, case of cultural industry and overseas invoices ### Answer: Your answer will need loads of information and clarification, so I will ask you to visit the VAT and have a peruse. 1) Obligation...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will there always be somebody selling/buying in every stock? ### Answer: No, Mark is right, if you place a market order there will always be someone to buy or sell at the market price. Only if you pl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A friend wants to use my account for a wire transfer. Is this a scam or is it legitimate? ### Answer: As a woman who was once married to someone who worked offshore in the North Sea, in the Gulf of Me...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does Chapter 11 Bankruptcy mean to an investor holding shares of a Chapter 11 Company? ### Answer: I held shares in BIND Therapeutics, a small biotechnology company on the NASDAQ that was liquida...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Money put down on home ### Answer: To quote Judge Judy: "Our courts are not in the business of settling assets of couples who decide to play house". This is one of the reasons we put off buying house...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Early Exercise and 83(b) Election ### Answer: You mention "early exercise" in your title, but you seem to misunderstand what early exercise really means. Some companies offer stock options that vest o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is it important to research a stock before buying it? ### Answer: To a certain degree "the only sure thing I know is the price I paid for the stock is the fair price at the time I buy it" is absol...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are all VISA cards connected with bank accounts? ### Answer: Not necessarily. You can issue credit cards without a bank involved, although companies which do so may have additional legal complications...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any benefit to investing in an index fund? ### Answer: when the index is altered to include new players/exclude old ones, the fund also adjusts The largest and (I would say) most important in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the benefit of opening a Certificate of Deposit (CD) Account? ### Answer: If you've already got emergency savings sufficient for your needs, I agree that you'd be better served by sending that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay off credit cards in one lump sum, or spread over a few months? ### Answer: it is better for your credit score to pay them down over time. This is a myth. Will it make much of a difference? You are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Capital Gains Tax with Multiple 'buy' Transactions per Stock (U.S.) ### Answer: According to the following article the answer is "first-in, first-out": http://smallbusiness.chron.com/calculate-cost-ba...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens when PayPal overdrafts a checking account (with an ample backup funding source available)? ### Answer: You should check directly with the seller. I suspect you will find they have not rec...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I use hedging to manage my investments? ### Answer: Here are some ways to use hedging to manage your investments:\n1. Options\n2. Holding cash\n3. Diversification\n4. Short selling stocks or f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy securities at another stock exchange ### Answer: Yes, it does matter very much. There's a thing called fungible instruments. These are the instruments where it doesn't matter. E.g. most options I ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any risks from using mint.com? ### Answer: Mint.com uses something called OFX (Open Financial Exchange) to get the information in your bank account. If someone accessed your mint account the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Long term bond index prices before 2000? ### Answer: The Barclay's 20+ Year Treasury Bond inception date was July 21, 2002. You aren't going to find treasury bond information going back to 1900 becaus...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why use accounting software like Quickbooks instead of Excel spreadsheets? ### Answer: I would say that all of the reasons you list in your question are valid, and I would add the following... You are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is there so much variability on interest rate accounts ### Answer: Generally, if you watch for the detail in the fine print, and stay away from non-FDIC insured investments, there is little differ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a company donate to a non-profit to pay for services arranged for before hand? ### Answer: Donations need to be with no strings attached. In this case, you make the cash donation, a deduction, and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I get my property taxes lowered? ### Answer: The question is whether the assessment is in line with surrounding homes. If my 1500 sq ft house on 1/4 acre is assessed far higher than a similar size...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Understanding stock market terminology ### Answer: Opening - is the price at which the first trade gets executed at the start of the trading day (or trading period). High - is the highest price the st...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I invest in US Stocks from outside the US with a credit card instead of a bank account? ### Answer: You'll have to take cash from your Credit Card account and use that to trade. I doubt any br...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a bank hold my deposit on a closed account? ### Answer: What I'm reading is that they subtracted the $85 you owe them and they're cutting you a cashier's check for the rest. Ethically speaking, yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't I short a stock that sells for less than $5? Is there another way to “go short” on them? ### Answer: If this is the initial transaction, the rules of a short margin account say that if you s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a house, Bank or rent to own? ### Answer: 'Rent to own' is not a precise, single agreement. It can be whatever the seller and you agree to. It's a unique seller that would agree to this. Keep i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best Time to buy a stock in a day ### Answer: You want to buy when the stock market is at an all-time low for that day. Unfortunately, you don't know the lowest time until the end of the day, and then...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: what is the best way to do a freelancing job over the summer for a student ### Answer: If this will be your sole income for the year, going self-employed is the best way to do this: So, here's how to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment strategy for 401k when rolling over soon ### Answer: You will be rolling over the proceeds, since you can only deposit cash into an IRA. However, this should probably not affect your consid...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a market maker sell (buy) at a bid or ask price? ### Answer: I think your confusion has arisen because in every transaction there is a buyer and a seller, so the market maker buys you're selling,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are quarterly earnings released first via a press release on the investor website, via conference call, or does it vary by company? ### Answer: Companies release their earnings reports over news agenc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I sell my stocks when the stock hits a 52-week high in order to “Buy Low, Sell High”? ### Answer: Buy low, sell high. I think a lot of people apply that advice wrongly. Instead of using this as...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would selling off some stores improve a company's value? ### Answer: Two different takes on an answer; the net-loss concept you mentioned and a core-business concept. If a store is actually a net-...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to prevent myself from buying things I don't want ### Answer: There are a lot of good answers above, all of them will probably work for you in some way or another. One point to note (from the proc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debt collector has wrong person and is contacting my employer ### Answer: Did you receive a summons, or other notice of proceedings, from the court which granted the judgement? If you were not served ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Book capital losses in gnucash ### Answer: According to the gnucash guide, losses are recorded as negative transactions against Income:Capital Gains. I've followed this model in the past when dealing...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Demurrage vs inflation ### Answer: Yes, there's a difference. If you've borrowed $100, then under inflation your salary will (presumably) increase, and tomorrow your debt will only be worth $99. But u...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Funneling money from a Traditional IRA to a Roth IRA using Options: Is my method possible and tax legal? ### Answer: I am not a lawyer, but I can't think of a reason this is illegal (something that wo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do new automobiles typically release in low numbers? ### Answer: Do new automobiles typically release in low numbers? and later you say The car released 2 days ago. I called around and discovered loc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do people tend to spend less when using cash than credit cards? ### Answer: I found the study "The irrationality of payment behaviour" accidentally while searching on the term "DNB Study" instead of "...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stories of turning a few thousands into millions by trading stocks real? ### Answer: you'll need 25k to start or 2k in multiple accounts, that way you have access to margin, and don't have to worr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How would I prove my claim in a class action settlement on a “stock misconduct” case when I shorted the stock? ### Answer: No. You shorted the stock so you are not a shareholder. If you covered your s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First time home buyer. How to negotiate price? ### Answer: Often, if your realtor and the selling realtor know each other, your realtor will "discover" what price the seller really wants. (Don't worry...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some sources of information on dividend schedules and amounts? ### Answer: Yahoo Finance is definitely a good one, and its ultimately the source of the data that a lot of other places use (li...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As a Canadian, what should I invest in if I'm betting that the Canadian real estate will crash? ### Answer: If you believe you can time the crash, then We all know what comes after a crash… just as w...
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: This is a question with a flawed premise. Credit cards do have two-factor authentication on transactions they consider m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does high frequency trading work if money isn't available for 2-3 days after selling? ### Answer: Margin accounts do not have the problem you are imagining, which is unique to cash accounts ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the smartest thing to do in case of a stock market crash ### Answer: Precious metals also tend to do well during times of panic. You could invest in gold miners, a gold or silver ETF or in phy...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I really pay off my entire credit card balance each month or should I maintain some balance? ### Answer: Always pay on time, and stop listening to whoever is telling you not to -- they are clue...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Anticipating being offered stock options in a privately held company upon employment. What questions should I ask? ### Answer: I've had stock options at two different jobs. If you are not getting a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Transfer $70k from Wells Fargo (US) to my other account at a Credit Union bank ### Answer: Yes, you can do this. I do this for my own single-member LLC, but I usually do it online instead of writing ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What effect would currency devaluation have on my investments? ### Answer: Stocks, gold, commodities, and physical real estate will not be affected by currency changes, regardless of whether those cha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 2 houses 450k each or one 800k? ### Answer: Because it appears you have in the neighborhood of 30 years remianing on your mortgage for the first house, If you can sell it you will likely be better off...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I trust the Motley Fool? ### Answer: Upselling you is how they make money. That's the price of the free content. Test their recommendations. Pretend to buy the stocks they say. How do they do? ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is title insurance, and should I get title insurance for my home? ### Answer: If or when you "own" your land outright you need to try and get the land patent on it. That is the supreme form of ti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the best online tool that can track my entire portfolio including gains/losses? ### Answer: Mint.com does this quite well. The graph views of your budgets, investments, debts, and other aspects...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Consequences of buying/selling a large number of shares for a low volume stock? ### Answer: It's illegal and you can go to jail because it exploits the small companies and their investors who believe ...