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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: Selling as well as buying a stock are part science and part art form. I remember once selling ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I am under 18 years old, in the US, my parents have terrible credit, how can I take out a loan? ### Answer: Depending on the state this might not be possible. Loans are considered contracts, and vario...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What traditionally happens to bonds when the stock market crashes? ### Answer: The short answer is if you own a representative index of global bonds (say AGG) and global stocks (say ACWI) the bonds wi...
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: If that condition is permanent -- the stock will NEVER pay dividends and you will NEVER be able to sell it -- ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to spend more? (AKA, how to avoid being a miser) ### Answer: I agree with JoeTaxpayer's answer. The question you should be asking is not "how do I spend more" but "how do I become happier". From...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't forced buy-ins of short sold stock happen much more frequently? ### Answer: Nobody is going to short sell stocks through a lender that forces people to buy in as soon as it is getting good f...
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: Debt collectors are just doing their job as many people want to evade payment by not responding and skipping their debts, and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I calculate total return of stock with partial sale? ### Answer: There are many ways to calculate the return, and every way will give you a different results in terms of a percentage-value. On...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Smartest Place to Put Tax Refund ### Answer: Congratulations on your graduation and salary. You are in a great career field (I know from experience.) As a background, I would feel pretty confident i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between a bad/bounced check and insufficient funds? ### Answer: This may vary some by the state, but the general facts are consistent broadly. The elements of check fraud typica...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the point of a benchmark? ### Answer: Markets tend to go up over time, so most things you could buy would make money. A benchmark is meant to represent the market as a whole (or a subset that i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do grocery stores in the U.S. offer cash back so eagerly? ### Answer: Cash back from credit cards is handled separately than the rest of the purchase, i.e. interest begins accumulating on that day...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I register for VAT to claim back VAT without selling VAT applicable goods? (UK) ### Answer: You cannot "claim back" VAT. What happens is that if you sell goods with VAT and charge customers VAT, y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Might it make sense not to look into debt that is in collections? ### Answer: It's your business to pay what you owe but it's not your business to determine what you owe. The "Fair Debt Collections P...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can small children contribute to the “family economy”? ### Answer: There is also babysitting, dog walking and house sitting. Depending on their age of course. You should also investigate what is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Freehold and Leasehold for Pub/Bar? ### Answer: You should be aware that many pubs in the London (indeed, the UK as a whole) are sold as a leasehold with a beer tie. This typically means you pay less ...
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: In short. A fiat currency is money that has value only because (usually) a government says it does. A counter example (non-fi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a stay at home mom need term life insurance? ### Answer: Another source of insurance can be through the working spouses employment. Some companies do provide free or low cost coverage for spouses...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does borrowing from my 401(k) make sense in my specific circumstance? ### Answer: You're getting great wisdom and options. Establishing your actionable path will require the details that only you know...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy home and leverage roommates, or split rent? ### Answer: There is a term for this. If you google "House Hacking" you will get lots of articles and advice. Some of it will pertain to multifamily pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For very high-net worth individuals, does it make sense to not have insurance? ### Answer: The general answer to this is "yes". When you're dealing with single-digit millionaires, the answer is that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What will be the capital gains tax after we sell a rental home? ### Answer: This will be a complex issue and you will need to sit down with a professional to work through the issues: When the house wa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does the share price tend to fall if a company's profits decrease, yet remain positive? ### Answer: Let's say you see a café. You're looking to buy a café so you walk into one and ask the manager ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I calculate ownership percentage for shared home ownership? ### Answer: The bottom line is that you can decide whatever you want to do. It is good of you to get everything in writing. What ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does an employee have the right to pay the federal and state taxes themselves instead of having employer doing it? ### Answer: No. An employer is legally obliged to deduct taxes from your pay cheque a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does my net paycheck decrease as the year goes on due to tax brackets filling up? ### Answer: It seems that you are misunderstanding how your taxes are calculated. You seem to be under the impression ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do banks give us interest even for the money that we only had briefly in our account? ### Answer: The other answers demonstrate that you'll receive a paltry amount of money in two days, by comparing t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is issuer's bank allowed to charge fee when cashing check? ### Answer: Some banks charge their own customers if they make use of a teller. That is what you are doing. You are going to a bank where you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock doesn't pay dividends, then why is the stock worth anything? ### Answer: While there are many very good and detailed answers to this question, there is one key term from finance that none o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best use of “spare” money? ### Answer: Investing in mutual funds, ETF, etc. won't build a large pool of money. Be an active investor if your nature aligns. For e.g. Invest in buying out a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I manage my portfolio as stock evaluation criteria evolve? ### Answer: If your criteria has changed but some of your existing holdings don't meet your new criteria you should eventually liquida...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How safe is a checking account? ### Answer: If the checking account is in a FDIC insured bank or a NCUA insured Credit Union then you don't have to worry about what happens if the bank goes out of bus...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Borrowing money and then investing it — smart or nart? ### Answer: I will use 10% of this 20K to pay the loan back on an annual basis agreement An annual payment of 0.8% ($2,000 / $250,000) is nowhere...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do you know of any online monetary systems? ### Answer: I'm not sure, but I think the monetary system of Second Life or World of Warcraft would correspond to what you are looking for. I don't think th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off a 0% car loan? ### Answer: Don't pay off the 0% loan. First, set up an automatic monthly payment to ensure you never miss the payment (which could lower your credit score). If you ar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I help others plan their finances, without being a “conventional” financial planner? ### Answer: I am a Certified Financial Planner and provide tactical advice on everything from budgeting to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which forex brokerage should I choose if I want to fund my account with over a million dollars? ### Answer: With your experience, I think you'd agree that trading over a standardized, regulated exchan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: $700 guaranteed to not be touched for 15 years+, should I put it anywhere other than a savings account? ### Answer: If you plan on holding the money for 15 years, until your daughter turns 21, then ad...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to graph the market year over year? for example Dow Jones Index ### Answer: Instead of using the actual index, use a mutual fund as a proxy for the index. Mutual funds will include dividend income...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it wise to sell company stock to pay down a mortgage? ### Answer: Simply if your stock is still rising in price keep it. If it is falling in price sell it and pay off your mortgage. To know when to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal to receive/send “gifts” of Non-Trivial Amounts to a “friend”? ### Answer: Am I right to say that no tax needs to be given for the annual ~$130k USD, since they are considered as annual g...
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: I was at a restaurant in NYC, 1st Avenue a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does gold's value decrease over time due to the fact that it is being continuously mined? ### Answer: Mining/discovery of gold can be inflationary -- the Spanish looting of Central America for a few h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Optimal down payment amount ### Answer: The optimal down payment is 0% IF your interest rate is also 0%. As the interest rate increases, so does the likelihood of the better option being to pay for th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How and why does the exchange rate of a currency change almost everyday? ### Answer: Money is money because people believe it is money. By "believe it is money", I mean that they expect they will be a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the I.T. function in banking considered to be on the expense side, as opposed to revenue side? ### Answer: Here is how your CEO has to see it. Of course, eventually most revenues are generated by I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a country can just print money, is global debt between countries real? ### Answer: To understand this fully one would need to understand quite a few things. Not in scope here. In short, whenever Ch...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I exchange my Scottish pounds for English ones? ### Answer: Scottish banknotes are promissary notes of the banks issuing them. Their value will be paid in UK legal tender any time as long as th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference between buying bonds and buying bond funds for the long-term? ### Answer: Yes, bond funds are marked to market, so they will decline as the composition of their holdings will. Ho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will I always be able to get a zero-interest credit card? ### Answer: After looking at the comments, and your replies it seems that your mind is made up: "You will always be able to obtain 0% credit, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a Student Loan and does it allow you to cover a wide range of expenses relating to school? ### Answer: Is a student loan a type of loan or just a generic name used to refer to a loan for someo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I enter Canadian tax info from US form 1042-S and record captial gains from cashing in stock options? ### Answer: Depending on what software you use. It has to be reported as a foreign income a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who can truly afford luxury cars? ### Answer: It comes down to individual priorities. Some people prefer to spend their money on a luxury car or SUV, rather than on computer gear, a bigger house, hav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using multiple bank accounts ### Answer: There is nothing conceptually wrong with it. If you like it that way, go ahead. The only thing to watch out for is bank policies that effectively penalize hav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much should a new graduate with new job put towards a car? ### Answer: I think the answer to how much you "should" spend depends on a few more questions: Once you answer these questions I think yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing money 101 ### Answer: The way to invest money in a company is to buy its shares, or derivatives of its shares. However, it seems you're way in over your head. Don't buy what you don't unders...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When does it make sense for the money paid for equity to go to the corporation? ### Answer: If Jack owns all of the one million founding shares (which I assume you meant), and wants to transfer 250,00...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: TD Webbroker.ca did not execute my limit sell order even though my stock went .02 over limit ### Answer: TD will only sell the stock for you if there's a buyer. There was a buyer, for at least one tra...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I find all public companies' information? ### Answer: MattMcA definitely gave you excellent advice and said a lot of what I would say to you. Most databases that are going to give you the mo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to find out if a company has purchased government (or other) bonds? ### Answer: This is in the balance sheet, but the info is not usually that detailed. It is safe to assume that at least some por...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A University student wondering if investing in stocks is a good idea? ### Answer: The power of compounding interest and returns is an amazing thing. Start educating yourself about investing, and do i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why so much noise about USA's credit rating being lowered? ### Answer: Pension- and many "low-risk" investment funds may only invest in AAA-rated stocks and bonds. While the S&P rating alone doesn't ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying Fixed Deposit in India from Europe ### Answer: A few weeks ago, I was thinking about this exact thing (except swap Euros for Canadian Dollars). The good news is that there are options. Option 1...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do insurance funds work? ### Answer: Sometimes 403b's contain annuities or other insurance related instruments. I know that in many New York schools the local teacher unions administer the 403b p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I legally and efficiently help my girlfriend build equity by helping with a mortgage? ### Answer: There is no issue - and no question - if you get married. The question is only relevant in th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I finance a new home theater at 0% even though I have the cash for it? ### Answer: I would never consider such an offer. As has already been mentioned, there are likely to be hidden costs and t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I use put extra money toward paying off my student loans or investing in an index fund? ### Answer: Yes, it's a risk. To put it in perspective, If we look at the data for S&P returns since 1871...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A University student wondering if investing in stocks is a good idea? ### Answer: You can start investing with any amount. You can use the ShareBuilder account to purchase "partial" stocks through the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much power does a CEO have over a public company? ### Answer: This is a very good question and is at the core of corporate governance. The CEO is a very powerful figure indeed. But always remembe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is it good to borrow money to buy a house? ### Answer: In most cases of purchases the general advice is to save the money and then make the purchase. Paying cash for a car is recommended over ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does an index have a currency? ### Answer: More importantly, index funds are denominated in specific currencies. You can't buy or sell an index, so it can be dimensionless. Anything you actually do to...
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: First, I would point you to this question: Oversimplify it for me: the correct order of investing With the $50k that you have inherited, you h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a company with a bad balance sheet be paying dividends? ### Answer: A simple response is that it's a good political/strategic move. Ford have effectively said, "We know we still have debt, b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there anything comparable to/resembling CNN's Fear and Greed Index? ### Answer: Lipper publishes data on the flow of funds in / out of stock and bond funds: http://www.lipperusfundflows.com Robert ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is “cheque cashing” a legitimate business? ### Answer: In my experience (in the US), the main draw of check-cashing businesses (like "CheckN2Cash" is that they will hold your check for a certain p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are Credit Cards a service to banks? ### Answer: As i see it, with a debit card, they are taken kinda out of the game. They are not lending money, it seems really bad for them. Not exactly. It i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What would be a wise way to invest savings for a newly married couple? ### Answer: Forgive me as I do not know much about your fine country, but I do know one thing. You can make 5% risk free guarant...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: ETF's for early retirement strategy ### Answer: This is the chart going back to the first full year of this fund. To answer your question - yes, a low cost ETF or Mutual fund is fine. Why not go righ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I help others plan their finances, without being a “conventional” financial planner? ### Answer: You need a license/registration to be a "conventional" financial planner. But as long as your ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Market Relativity Theory? ### Answer: As of this moment the DOW 30 is up 6.92% Year-to-date. Of the 30 stocks in the index 6 are in negative territory for the year. And of the 6 in negative territory...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with the 50k I have sitting in a European bank? ### Answer: You can do many things: Risk free: Risk of losing: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I have to sell worthless stock to claim a loss and clean up? ### Answer: Generally, to be able to write off worthless securities, you need to show that they're indeed worthless. It's not necessaril...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people buy stocks at higher price in merger? ### Answer: Microsoft wants to buy a majority in the stock. To accomplish that, they have to offer a good price, so the current share owners are wil...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What one bit of financial advice do you wish you could've given yourself five years ago? ### Answer: (more like 10 years ago, but that's beside the point) Save, save, save! Both in the notion of squee...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Professional tax for employees - startup in India ### Answer: The tax is depended upon state where you are registered and the salary paid. More here If you employ contract you need not pay tax. ###en...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing Superannuation Australia ### Answer: You can make a start to learn how to make better investing decisions by learning and understanding what your current super funds are invested in. Does th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it true that if I work 6 months per year, it is better than to work for 1 calendar year and take a break for 1 year? ### Answer: In many cases spanning across years will indeed be beneficial. Deduc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How an ETF pays dividend to shareholders if a holding company issues dividend ### Answer: Dividends are not paid immediately upon reception from the companies owned by an ETF. In the case of SPY, they...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are those “auto-pilot” programs a scam or waste of time? ### Answer: These have been around for decades. In the 80's and 90's they had you setup small ads in local newspapers and you would sell a broc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I replace Microsoft Money with, now that MS has abandoned it? ### Answer: MoneyDance Is the way to go. I've been using it for years and it works well. It keeps getting better, and best of a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Foreign national currently working in U.S. & investing in 401(k) plan: How will taxes apply? ### Answer: The 401(k) contribution is Federal tax free, when you make the contribution, and most likely St...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I figure out how a stock's price would change after I buy shares? ### Answer: It depends on many factors, but generally, the bid/ask spread will give you an idea. There are typically two ways ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Got charged ridiculous amount for doctor's walk in visit. What are my options? ### Answer: To answer the specific question of whether you can get the bill reduced without hurting your credit, yes, as ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do individual investors use Google to obtain stock quotes? ### Answer: I won't be able to model stock prices using this information. The pros aren't likely to use Google as much. Even the casual inve...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good idea to get a mortgage when buying a house, for credit reasons? ### Answer: It may or may not be a good idea to borrow money from your family; there are many factors to consider here, not...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I lease, buy new, or buy used? ### Answer: Rule of thumb is always BUY, NEVER lease, unless you plan to use it for a business where you can expense the lease payments. Leasing is the biggest sc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I cash in physical stock certificates? (GM 1989) ### Answer: I'm afraid you're not going to get any good news here. The US government infused billions of dollars in capital as part of the bankr...
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 successfully used Currency Fair a few times, they seem to cater for both Australia a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do Americans have to file taxes, even if their only source of income is from a regular job? ### Answer: There are a few reasons: 1) Deductions and credits. We have a lot of them. While I suppose w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the risks associated with investing in stocks? ### Answer: When investing in stock markets, one should understand that as it is posible to make gains, one can also make a substantial loss. He...