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FinQA

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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is there two currencies in Venezuela's money? ### Answer: Venezuela is a command economy, and one that isn't doing terribly well right now, with rampant inflation in the several hundred percent ra...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does high frequency trading provide economic value? ### Answer: You pointed out that HFT does not create ipods are mine minerals. Neither does human trading. HFT is a proxy for human trading. Althou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I sell a stock immediately? ### Answer: You can always trade at bid or ask price (depending if you are selling or buying). Market price is the price the last transaction was executed at so you may...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a put seller closes early, what happens to the buyer? ### Answer: An option is freely tradable, and all options (of the same kind) are equal. If your position is 0 and you sell 1 option, your new p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stores and manufacturers use mail in rebates? A scam, or is there a way to use them effectively? ### Answer: Unfortunately too many companies view a Mail in rebate as an unwelcome cost instead ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can someone recommend a book that discusses the differences between types of financial statements? ### Answer: Why Stocks go up and Down by William H Pike is a great source if you are looking to inter...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I make a small investment in the stock market? What is the minimum investment required? ### Answer: There are more than a few ideas here. Assuming you are in the U.S., here are a few approaches...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I be aware of as a young investor? ### Answer: Disclaimer - I am 51. Not sure how that happened, because I remember being in my late teens like it was yesterday. I've learned that picking...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Free “Rich Dad” education, with “free gift”: Is it legitimate, or is it a sales ploy? ### Answer: As with any business, there's a huge learning curve. Rich Dad gives you the fundamentals.. which are s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What prevents interest rates from rising? ### Answer: Interest rates are market driven. They tend to be based on the prime rate set by the federal reserve bank because of the tremendous lending capaci...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should my husband's business pay my business? ### Answer: Just from my own experience (I am not an accountant): In addition to counting as 'business income' (1040 line 12 [1]) your $3000 (or whatever)...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I want to invest in a U.S.-based company with unquoted stocks, but I am a foreigner. How to do this? ### Answer: Life would be nicer had we not needed lawyers. But for some things - you better get a p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do dividend reinvestment purchases work? ### Answer: Many brokers administer their own dividend reinvestment plans. In this case, on dividend payment date, they automatically buy from the market ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does the stock market index get affected when a terrorist attack takes place? ### Answer: There are more than a few different ways to consider why someone may have a transaction in the stock marke...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a “retail revolving account,” and does it improve my credit score? ### Answer: In the other question, the OP had posted a screenshot (circa 2010) from Transunion with suggestions on how to imp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are futures and how are they different from options? ### Answer: Cart's answer is basically correct, but I'd like to elaborate: A futures contract obligates both the buyer of a contract and the s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the best ask price the ask at the “top” of the order book? What is the “top” of the book? ### Answer: You're confusing a specific visual representation of the top bid & ask orders selected from the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As a 22-year-old, how risky should I be with my 401(k) investments? ### Answer: +1 on all the answers above. You're in a great position and have the right attitude. A good book on the subject is A Ran...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I increase my hourly pay as a software developer? ### Answer: Short term: ask for a raise or look for a new job that pays more. Longer term: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Prices go up and salary doesn't: where goes delta? ### Answer: One of the byproducts of free trade is that there is now a global labor market. So companies routinely review their operations and think ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I try to hedge my emergency savings against currency and political concerns? ### Answer: You have to balance several concerns here. The primary problem is that if you go to the effort of saving...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Get tax deduction for expensive car expense ### Answer: Unless you own a business and the car is used in that business you can't write off your auto repairs. If you start a sole-proprietorship in your...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When paying estimated quarterly taxes, can I prorate the amount based on the irregular payment due dates? ### Answer: You may want, or at least be thinking of, the annualized method described in Pub 5...
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: you either tell your financial department about them (e.g. I used to get a student's tax dis...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can expense ratios on investment options in a 401(k) plan contain part of the overall 401(k) plan fees? ### Answer: I question the reliability of the information you received. Of course, it's possibl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Looking for a stock market simulation that's as close to the real thing as possible ### Answer: Many online brokers have a "virtual" or "paper" trading feature to them. You can make trades in near-re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a way I can get bid/ask price data on the NSE in real time? ### Answer: Buy Data products from NSE. You will get historical order book. The Live order book may not be available. https://www.n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any e-commerce taxation rules in India? ### Answer: There are no clear guidelines. If you are selling as individual, then what ever profit you make gets added to your overall income as you p...
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: High frequency trades are intra day. The would buy a stock for 100 and sell for 100.10 multiple ti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth it to buy TurboTax Premier over Deluxe if I sold investments in a taxable account? ### Answer: I have used turbo tax for years. Apart from the snafu in 2014, I have had no problem using d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Consequences of not closing an open short sell position? ### Answer: 2 things may happen. Either your positions are closed by the broker and the loss or profit is credited to your account. Else it is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is trading stocks easier than trading commodities? ### Answer: Its the relative leverage available to retail traders between the two. In the US one can trade equities with 2:1 leverage while with com...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do leveraged ETFs (index tracking) set intraday pricing? ### Answer: Does the price only start the day based on the previous day's rebalancing? No, the tracker will open at the price according to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Recent college grad. Down payment on a house or car? ### Answer: $27,000 for a car?! Please, don't do that to yourself! That sounds like a new-car price. If it is, you can kiss $4k-$5k of that price...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have savings and excess income. Is it time for me to find a financial advisor? ### Answer: Is my financial status OK? If not, how can I improve it? I'm going to concentrate on this question, particu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you quantify investment risk? ### Answer: Another approach would be more personalized, which is to measure the risk of missing your goals, rather than measuring the risk of an investment in som...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people always talk about stocks that pay high dividends? ### Answer: The answer, for me, has to do with compounding. That drop in price post-ex-div is not compounded. But if you reinvest your d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are 'per trade' fees charged on every order or just once per stock? ### Answer: You will be hit every time, once every buy order and once every sell order. Commissions to the broker are paid every tim...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is this mortgage advice good, or is it hooey? ### Answer: I think the idea here is that because of the way mortgages are amortized, you can drop additional principal payments in the early years of the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best steps to start saving money for a fresh grad in Singapore? ### Answer: Firstly, make sure annual income exceeds annual expenses. The difference is what you have available for saving. Secondly, y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good service that will allow me to practice options trading with a pretend-money account? ### Answer: Try ThinkOrSwim by TDAmeritrade. It allows you to paper trade with a powerful trading pl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to pay taxes in the US as an Alien Resident for my Canadian stock capital gains ### Answer: I will answer my own question. After calling my broker, they explained me this: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I get the latest or even realtime information of institutions stock buy/sell action? ### Answer: Of course not, this is confidential information in the same way that I cannot phone up your bank...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does this sound like a great idea regarding being a landlord and starting a real estate empire? ### Answer: This can be done, and there have been many good suggestions on things to do and watch out fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Saving up for an expensive car ### Answer: Any way you look at it, this is a terrible idea. Cars lose value. They are a disposable item that gets used up. The more expensive the car, the more value ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm thinking of getting a new car … why shouldn't I LEASE one? ### Answer: If you are looking to build wealth, leasing is a bad idea. But so is buying a new car. All cars lose value once you buy the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How aggressive should my personal portfolio be? ### Answer: You're completely missing the most important thing you can do: minimize fees. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Digital envelope system: a modern take ### Answer: The whole point of the "envelope system" as I understand it is that it makes it easy to see that you are staying within your budget: If the envelope ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why should we expect stocks to go up in the long term? ### Answer: I have read in many personal finance books that stocks are a great investment for the long term, because on average they go up 5-7% e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Non Resident Alien(Working full time on F1-OPT) new car sales tax deduction ### Answer: A non-resident alien is only allowed for deductions connected to producing a US-sourced income (See IRC Sec. 873...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ways to avoid being labeled a pattern day trader ### Answer: Sorry but you already provided the answer to your own question. The simple answer is to 'not day trade' but hold things for a longer perio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First job: Renting vs get my parents to buy me a house ### Answer: Firstly, I'm going to do what you said and analyze your question taking your entire family's finances into account. That means giving...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to share income after marriage and kids? ### Answer: I think the problem is that you've made a math error. This child would not be costing you 300 per month, it will be costing you 1400 per month....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean to invest in potatoes? ### Answer: comments discuss investing in potato futures. Learn / ready about commodity trading or commodity futures. An investopedia article How To Invest In ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the justification for the DJIA being share-price weighted? ### Answer: The share-price weighting of the DJIA is a historical artifact. The DJIA remains share-price weighted today because that'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a 529 plan help me save for my child's college education? ### Answer: If you're ready to start a 529 account, it makes a big difference which state you choose (some states have excessive fees)...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In today's low interest environment, is it generally more economical to buy or lease a new car in the US? ### Answer: The most economical way is to save your money, and buy a 1+ year old used car with...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do some online stores not ask for the 3-digit code on the back of my credit card? ### Answer: Given that the laws on consumer liability for unauthorized transactions mean no cost in most cases, th...
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: Don't take the car back! The dealership wants you to take it back to try and earn more money. Simply stated, the dealerships hate paid...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will I be able to purchase land? ### Answer: If there is land for sale, you can buy it. The United States doesn't have many restrictions on the purchase of land. However, you need to be able to afford...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can stock market gains be better protected under an LLC arrangement? ### Answer: The thing you get wrong is that you think the LLC doesn't pay taxes on gains when it sells assets. It does. In fact, i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What size “nest egg” should my husband and I have, and by what age? ### Answer: I would focus first on maxing out your RRSPs (or 401k) each year, and once you've done that, try to put another 10% of y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the tax implications of lending to my own LLC? ### Answer: It looks like you'd just be charging yourself interest and paying yourself back, because it's a pass-through entity, as I'm sure you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a bank take a lower all cash offer versus a higher offer via conventional lending? ### Answer: It's because financing can fall through, and then the time between offer and closing is wasted....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does this diagram from Robert Kiyosaki about corporations mean? ### Answer: These types of diagrams appear all throughout Kiyosaki's Rich Dad, Poor Dad book. The arrows in the diagrams represent...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is an “at close order” in the stock market? ### Answer: Investopedia defines it in the following way: It's essentially a market order that doesn't get entered until the last minute (or thereabout...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I buy European-style options? ### Answer: On the US markets, most index options are European style. Most stock and ETF options are, as you noted, American style. ###end
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: I'd refer you to Is it true that 90% of investors lose their money? The answer there is "no, not true," and much of the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would it be considered appropriate to use a market order for my very first stock trade? ### Answer: If you want to make sure you pay at or below a specific price per share, use a limit order. If you w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to change a large quantity of U.S. dollars into Euros? ### Answer: The right answer to this question really depends on the size of the transfer. For larger transfers ($10k and up) the exchange ra...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does gold have value? ### Answer: I use to play marbles at school. Marbles were like gold the more you had the richer you were. They were a scarce commodity only a few in circulation. Once I secur...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to respond to a customer's demand for payment extension? ### Answer: In the event that payment is not made by the due date on the invoice then the transaction is essentially null and void and you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shares; are they really only for the rich/investors? ### Answer: I think I have a better answer for this since I have been an investor in the stock markets since a decade and most of my money is eithe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Value of credit score if you never plan to borrow again? ### Answer: what are the incentives to that person to actually pay off his/her debt as opposed to just walking away from it and relying on the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the benefits of opening an IRA in an unstable/uncertain economy? ### Answer: As I stated in my comment on @JCotton's answer, the only way you benefit by putting your money in an IRA or other ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to protect myself against unauthorized recurring CC charges? ### Answer: The bank SHOULD be able to issue you a new card without letting vendors roll over the recurring payments. In fact, I've nev...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there special exceptions to the rule that (US) capital gains taxes are owed only when the gain materializes? ### Answer: In addition to the expatriation case already mentioned by Ben Miller, trade...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Uncashed paycheck 13 years old ### Answer: Under US law, a bank is not obligated to honor a check that is more than six months old. § 4-404. BANK NOT OBLIGED TO PAY CHECK MORE THAN SIX MONTHS OLD. A b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I own ASPIRO shares (Jay Z's new company). Now that it is going private, what about my shares? ### Answer: From the press release Based on Aspiro's closing share price of SEK 0.66 as of 29 January 2...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does inflation actually mean? [duplicate] ### Answer: Inflation also provides incentives for consumers to purchase now rather than later (which helps drive sales) and it provides incentive for mo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Am I understanding buying options on stock correctly ### Answer: There is a reason why most professional option traders are sellers instead of buyers. Option sellers IMO are analogous to insurance com...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Received an unexpected cashiers check for over $2K from another state - is this some scam? ### Answer: It is likely a scam. In fact the whole mystery shopping "job" may be a scam. There is a Snopes ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I find the dividend history for a stock? ### Answer: I second @DumbCoder, every company seems to have its own way of displaying the next dividend date and the actual dividend. I keep track o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment property information resources ### Answer: As user14469 mentions you would have to decide what type of properties you would like to invest in. Are you after negatively geared properties tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I can make a budget, but how can I get myself to consistently follow my budget? ### Answer: Give all your money as well as your budget requirements to someone you really trust. Tell them to give you O...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Reinvesting dividends and capital gains ### Answer: First, do you get charged a commission or other fee for reinvesting? Second, why would capital gains and dividends be grouped together? If the bro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is stock price determined? ### Answer: The answer to each of your questions is no. It is important to appreciate that the "quoted" ticker price may be delayed by say 15 minutes, and thus is not "r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are people able to spend more than what they make, without going into debt? ### Answer: Rich people use debt for various reasons. The question should not assume that billionaires don't use debt. T...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Prepaying a loan: Shouldn't the interest be recalculated like a shorter loan? ### Answer: When you pay off a loan early, you pay the remaining principal, and you save all of the remaining interest. So...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculating Pre-Money Valuation for Startup ### Answer: When the VC is asking what your Pre-Money Valuation is, he's asking what percentage of shares his $200,000 will buy. If you say your company is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Growth rate plus dividend yieid total? ### Answer: The sum of the dividend yield plus capital growth is called total return. In your examples, you get to a total return of 7% through several different...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I report my RSUs in my tax return ### Answer: Your employer should send you a statement with this information. If they didn't, you should still be able to find it through E*Trade. Navigate ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why certain currencies are considered safe havens in times of turmoil ### Answer: Switzerland is presumably where one moves the money in case of an apocalypse; although, they have lost some of that ap...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I take a student loan to pursue my undergraduate studies in France? ### Answer: Edit: lazy math The answer to this question depends on two things: How bad will it be if you cannot repay this lo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is investing in housing considered an adequate hedge against inflation? ### Answer: No, there is no linkage to the value of real estate and inflation. In most of the United States if you bought at the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What kinds of exchange-traded funds (ETFs) should specifically be avoided? ### Answer: As with ANY investment the first answer is....do not invest in any that you do not fully understand. ETF's are v...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I put a large down payment (over 50%) towards a car loan, can I reduce my interest rate and is it smart to even put that much down? ### Answer: As others have already pointed out, the bank isn't ge...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can someone with a new job but no credit history get a loan to settle another debt? ### Answer: The more I think about this the more I think you are actually better off letting it go to collection...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who gets the periodic payments when an equity is sold on an repurchase agreement? ### Answer: The Wikipedia page for Repurchase Agreement has two relevant pointers on this topic: The legal title for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: strategy for the out of favour mining sector ### Answer: At this particular time, I would strongly suggest holding on and not bailing. I've been following this sector pretty closely for 10+ years now...