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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the dominant investing advice for individuals to use mutual funds, exchanged traded funds (ETFs), etc ### Answer: Cost. If an investor wanted to diversify his portfolio by investing in the com...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are Certificates of Deposit worth it compared to investing in the stock market? ### Answer: If you want to spend all of your money in the next few years, then a CD protects you from the risk of a bear...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Long-term capital gain taxes on ETFs? ### Answer: Generally, ETFs and mutual funds don't pay taxes (although there are some cases where they do, and some countries where it is a common case). What hap...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a lender compute equity requirement for PMI? ### Answer: In regards to the legal recourse, no there is none. Also, despite your frustrations with Citi, it may not be their fault. Mortgage c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does capital gains tax apply to long term stock holdings? ### Answer: It's a matter of social policy. The government wants people to make long term investments because that would lead to other lon...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the alternatives to compound interest for a Muslim? ### Answer: In the UK at least, we have Credit Unions. Credit Unions are not-for-profit organisations that don't pay interest on your balan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does inflation equal more loans? ### Answer: In terms of operations, banks are indifferent to inflation. Short rates except right before a recession or near-recession are always lower than long rates,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the tax benefits of dividends vs selling stock ### Answer: The benefit is not in taxes. When you sell a portion of your stock, you no longer have a portion of your stock. When you get a divid...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: HELOC vs. Parental Student Loans vs. Second Mortgage? ### Answer: Thank God you have your child back, it is so awesome that you finally found a medical treatment that worked. It must have been a trul...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will my Indian debit card work in the U.S.? ### Answer: Debit cards with the Visa or Mastercard symbol on them work technically everywhere where credit cards work. There are some limitations where the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Medium-term money investment in Germany ### Answer: Due to the zero percent interest rate on the Euro right now you won't find any investment giving you 5% which isn't equivalent to gambling. One of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stock prices of retailers not surge during the holidays? ### Answer: I used to be in research department for big financial data company. Tell your son that there are three factors: Most peopl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: NYSE vs. Nasdaq - can I tell what exchange a ticker traded on, based solely on the ticker? ### Answer: Things are in fact more complicated. It really depends what you mean by "ticker" and who gave you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I know if a dividend stock is “safe” and not a “dividend yield trap”? ### Answer: Let me provide a general answer, that might be helpful to others, without addressing those specific stocks. Div...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Break Even On Options Contracts ### Answer: I found the answer after some searching online. It turns out that when talking options, rarely is the current P/L line considered when talking about making ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can saving/investing 15% of your income starting age 25, likely make you a millionaire? ### Answer: I just want to point out a couple of things, and I do not have enough reputation to comment. Saving ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any kind of unsecured stock loan? ### Answer: buy an option, they cost less and let you buy shares in the future at the price you see now. only if you plan to buy more than 100 shares of the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does financing a portfolio on margin affect the variance of a portfolio? ### Answer: Financing a portfolio with debt (on margin) leads to higher variance. That's the WHOLE POINT. Let's say it's 50-50....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to choose a company for an IRA? ### Answer: I assume that with both companies you can buy stock mutual funds, bonds mutual funds, ETFs and money market accounts. They should both offer all of thes...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Limited Liability Partnership capital calculation ### Answer: Retained earnings is different from partner capital accounts. You can draw the money however the partners agree. Unless money is specifica...
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: I must point that without the IT - no-one in the bank generates any revenue. Not to mentio...
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: This is not only a scam but it is potentially fraud that may get you in trouble. This "friend" of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Unrealized Profit & Loss for Non-Stock Securities ### Answer: Suddenly its not just comparing the current price to the price of the contract, or is it? Sure it is. Suppose you bought 100 option contr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Multi-Account Budgeting Tools/Accounts/Services ### Answer: IngDirect has this concept of sub accounts inside a main account - that might be perfect for what you are looking for. To clarify, you basic...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does money value normally decrease? ### Answer: The reason is governments print extra money to cause inflation (hopefully reasonable) so that people don't just sit comfortably but do something to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a bank need to accept deposits from private clients if it can just borrow from the Federal Reserve? ### Answer: They don't need to accept deposits from normal persons, but that's how they ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can written options be exercised against you prior to expiry when they become “in-the-money”? ### Answer: Yes, if it's an American style option. American style options may be exercised at any time pri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Book or web site resources for an absolute beginner to learn about stocks and investing? ### Answer: The Motley Fool's How to Invest How To Invest Benjamin Graham's The Intelligent Investor The Intell...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Exposure to Irish Housing Market ### Answer: I was in a similar situation, and used FX trading to hedge against currency fluctuations. I bought the "new" currency when the PPP implied valuation of my ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Saving for a down payment on a new house, a few years out. Where do we put our money next? ### Answer: If you're absolutely certain that you won't buy a house within a year or so, I'd still be tempted...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does settlement of second mortgage count as short sale? ### Answer: No that will not count as a short sale although it may still affect your chances of getting a loan because some lenders wont want to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the catch in investing in real estate for rent? ### Answer: Don't over analyze it - check with some local landlords that are willing to share some information and resources Then analyze the Wo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to start with personal finance in Canada? ### Answer: There are some great answers on this site similar to what you asked, with either a non-jurisdictional or a US-centric focus. I would read th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is early exercise generally not recommended for an in-the-money option? ### Answer: The crucial insight is that the alternative to early exercise of an American call is not necessarily to hold it ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying shares in a company after you quit ### Answer: Insider trading is when you buy or sell an investment based on material, non-public information that gives you an unfair advantage over the rest o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does Vanguard determine the optimal asset allocation for their Target Retirement Funds? ### Answer: Googling vanguard target asset allocation led me to this page on the Bogleheads wiki which has d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I Use an Investment Professional? ### Answer: I am sure there would be many views on the above topic, my take is that DIY takes the following: Now, for many, one or more of the other factors ar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What steps should be taken, if any, when you find out your home's market value is underwater, i.e. worth less than the mortgage owed? ### Answer: Step back and take a deep breath. Pay your mortgage. r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I go about finding an honest & ethical financial advisor? ### Answer: If someone recommends a particular investment rather than a class of investments, assume they are getting a commission and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it sensible to keep savings in a foreign currency? ### Answer: Given that we live in a world rife with geopolitical risks such as Brexit and potential EU breakup, would you say it's advisable to ke...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some factors I should consider when choosing between a CPA and tax software ### Answer: I'm glad keshlam and Bobby mentioned there are free tools, both from the IRS and private software compa...
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: There are two ways that an asset can generate value. One is that the asset generates some revenue (e.g. you buy a h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why pay estimated taxes? ### Answer: In addition to the other answers, which cover the risks of what is essentially leveraged investing, I'd like to point out that the 2.6% penalty is a flat rate. If ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to eliminate PMI (Personal/Private Mortgage Insurance) on a mortgage before reaching 20% down on principal? ### Answer: On a 5% mortgage, after 24 months of payments on a 30 yr amortiza...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 401k compound interest vs other compound interest ### Answer: Growth in a 401k dodges taxes, which means more of the gains get reinvested. Effectively, it's a boosted return rate. Like any investment,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I adjust to a new social class? ### Answer: Housing, eh? Housing costs are driven by salaries and land availability. Over in the Bay Area, $1500/mo for a nice 1-bedroom apartment is a good deal...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Possible pro-rated division of asset strategies without a prenup? ### Answer: Absent a pre-nup, it's a case of "lawyer vs lawyer," you can't count on protecting what you came into the marriage with. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a website/domain name an asset or a liability? ### Answer: In an accounting position, a domain name would fall under an intangible asset. Copyrights and patents are intangible, while tangible asset...
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: Maybe minimalism is an option for you. Make your self clear what you really want You only buy what you really need and for that you spe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm getting gouged on prices for medical services when using my HSA plan. How to be billed fairly? ### Answer: The big difference for me under the High deductible plan has been that instead of paying ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I have to pay a capital gains tax if I rebuy the same stock within 30 days? ### Answer: Yes, you would have to report the gain. It is not relevant that you traded the stock previously, you still ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there difference in risk between physical or synthetic replication of an index by an ETF? ### Answer: First, make sure you understand the objective of an ETF. In some cases, they may use leverage ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it true that the price of diamonds is based on a monopoly? ### Answer: diamonds are intrinsically worthless this is simply wrong. (1) Diamonds that are sold for anything less than, oh, let's say $5...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a rescheduled conference call generally mean “something's wrong” with a company? ### Answer: Insiders (those who are aware of non-public material information, not necessarily employees) are the o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Related Hedges (How do they work?) ### Answer: In this type of strategy profit is made when the shares go down as your main position is the short trade of the common stock. The convertible instruments...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the stock market, why is the “open” price value never the same as previous day's “close”? ### Answer: It does sometimes open one day the same as it closed the previous day. Take a look at ESCA, it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best way to invest in US stocks from India? ### Answer: Quite a few stock broker in India offer to trade in US markets via tie-up brokers in US. As an Indian citizen, there are limits as t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it safer to send credit card number via unsecured website form or by e-mail? What safer options are there? ### Answer: Here's one option: Telephone is a lower-tech yet relatively more secure means...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I calculate a “running” return using XIRR in a spreadsheet? ### Answer: Set your xirr formula to a very tall column, leaving lots of empty rows for future additions. In column C, instead of ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How will Brexit affect house mortgages? ### Answer: Nobody can predict the affects of Brexit but it is wise to consider them. We saw the pound weaken after the vote to leave and it is possible the pou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible for the average person to profit on the stock market? ### Answer: Of course. "Best" is a subjective term. However relying on the resources of the larger institutions by pooling with the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Was this a good deal on a mortgage? ### Answer: That seems a very bad offer, it borders on fraud. In the current US economy, you should be able to get between 3 and 4 % APR (and that number is what yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does inflation equal more loans? ### Answer: What is the relationship between inflation and interest rates? notes a relationship between inflation and interest rates that would suggest high inflation ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Execute or trade an options contract? ### Answer: Your math shows that you bought an 'at the money' option for .35 and when the stock is $1 above the strike, your $35 (options trade as a contract for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I have some old gold jewellery, is it worth it to sell it for its melt value? ### Answer: I have a buddy that used to run one of those companies that buys gold like the ones you see on TV. Here's t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to take advantage of record high household debt in Canada? ### Answer: Some ideas: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can stock brokerage firms fail? ### Answer: Yes, any company can go under. SIPC offers a level of protection. They don't guarantee against stocks dropping, but will replace stocks that you owned, but ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to account for a shared mortgage in QuickBooks Online? ### Answer: You could classify the mortgage as a different assets class and then create automated additions and deductions to the account as ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where do large corporations store their massive amounts of cash? ### Answer: Short term investments, treasuries, current accounts. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How long do you have to live somewhere to be a resident for tax purposes? ### Answer: It's not so much about time but about intent. If your intent is to move there permanently, it would be when you a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can my friend send $3K to me without using Paypal? ### Answer: Many banks offer online payment. He can add a payee and just type your name and address in. The bank will mail the check out if they ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I deduct my individual Health Insurance Premium in Tax ### Answer: Yes, you can. See the instructions for line 29 of form 1040. Self employed health insurance premiums are an "above the line" dedu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Large volume options sell ### Answer: It depends upon who the counterparty is. If the counterparty is the OCC, they would most likely call force majeure if their finances were at serious risk. They c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can we buy and sell stocks without worrying about settlement period ### Answer: In the United States, regulation of broker dealer credit is dictated by Regulation T, that for a non-margin account, 100...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trading: who takes the money from CAC 40 Or DAX ### Answer: I am guessing that when you say "FRENCH40" and "GERMAN30" you are referring to the main French and German stock market indices. The main Fr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference between Market Cap and NAV? ### Answer: Market caps is just the share price, multiplied by the number of shares. It doesn't represent any value (if people decide to pay more or l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is stock dilution legal? ### Answer: Stock issuing and dilution is legal because there must be some mechanism for small companies to grow into big companies. A company sees a great investment oppo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In your 20s how much money should you have and how to properly use & manage it? ### Answer: If you are just barely scraping by on your current income, then you shouldn't be thinking about buying a car...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I know when I am financially stable/ready to move out on my own? ### Answer: I’m going to suggest something your parents may be reluctant to say: “Grow up and get out.” A man living in a van do...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Filing taxes on stocks ### Answer: You need to talk to an accountant who practices tax accounting, preferaby someone who is an Enrolled Agent (EA) with the IRS, and possibly an attorney who specialize...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Flex spending accounts and hsa when changing jobs ### Answer: Some of this may depend on how your employer chose to deal with your notice period. Most employers employ you for the duration (which mea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm only spending roughly half of what I earn; should I spend more? ### Answer: The suggestions towards retirement and emergency savings outlined by the other posters are absolute must-dos. The donat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have more than $250,000 in a US Bank account… mistake? ### Answer: If you were married the 250K protection can be expanded by the use of joint and individual accounts. A separate limit also exists f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can individual investors buy precious metals at the spot price? ### Answer: The futures market allows you to take delivery at the lowest cost. Most people don't deal in 100oz gold bars and 5000oz of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a person with really bad credit history rent decent housing? ### Answer: This tale makes me sad the more I learn of it. I am impressed with your dedication and caring for your ex-wife and par...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why won't my retirement account let me write a “covered put”? ### Answer: A broker does not have to allow the full trading suite the regulations permit. From brokersXpress: Do you allow equity and in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Could someone place an independent film on the stock market? ### Answer: When we say "stock market," we are usually thinking of the publicly traded stocks, such as the New York Stock Exchange or the N...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What determines price fluctuation of groceries ### Answer: Yes and no. First off, commodity prices reflect the cost of a good about 3 steps back in the retail supply chain; the agreed-upon price for t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options liquidity and trading positions larger than the daily volume? ### Answer: One broker told me that I have to simply read the ask size and the bid size, seeing what the market makers are offerin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paid cash for a car, but dealer wants to change price ### Answer: The sales manager and/or finance manager applied a rebate that did not apply. It's their fault. They have internal accounts to handl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: High dividend stocks ### Answer: You might want to look up Dividend Yield Trap. Many stocks with high dividend yields got that way not because they decided to increase their dividend, but because thei...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to rescue my money from negative interest? ### Answer: Withdraw your savings as cash and stuff them into your mattress? Less flippantly, would the fees for a safe deposit box at a bank big enough ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm 23, living at home, and still can't afford my own property. What could I do? ### Answer: You have made the most important first step by starting to think about your money, well done. Firstly pay o...
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: Index funds may invest either in index components directly or in other instruments (like ETFs, index options, futures, etc.) which are h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do some companies offer 401k retirement plans? ### Answer: Let me add another consideration to the company's side of the equation. Not only is a 401K a tool for the company to make them competiti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you translate a per year salary into a part-time per hour job? ### Answer: It's difficult to quantify the intangible benefits, so I would recommend that you begin by quantifying the financials ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Form as LLC or S Corp to reduce tax liability ### Answer: This is actually quite a complicated issue. I suggest you talk to a properly licensed tax adviser (EA/CPA licensed in your State). Legal advic...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a formula for calculating equity accumulated while repaying car loan? ### Answer: Here is a simple way to analyze the situation. Go to your bank or credit union website and use their loan calc...
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: Imagine that a company never distributes any of its profits to its shareholders. The company might invest these prof...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Depositing a check with a DBA on the title ### Answer: Assuming it's your business, endorse the check as yourself and your DBA name, payable to your personal account ###end