Datasets:
circircircle
/
FinQA

Dataset card Data Studio Files
xet
 Community
text
stringlengths
146
45.7k
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you get out of a Mutual Fund in your 401(k)? ### Answer: The S&P top 5 - 401(k) usually comply with the DOL's suggestion to offer at least three distinct investment options with substantially d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the common moving averages used in a “Golden Cross” stock evaluation? ### Answer: Different moving averages work and not work for different indexes. I have seen simulations where during bull...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are lottery tickets ever a wise investment provided the jackpot is large enough? ### Answer: A lot of these answers are really weak. The expected value is pretty much the answer. You have to also tho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What return are you getting on your money from paying down a mortgage on a rental property? ### Answer: This is a great question, considering that all of your expenses including PITA, Maintenance, etc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Safe method of paying for a Gym Membership? ### Answer: Shady isn't quite the right word. They know that most of their customers are going to quit soon after they begin -- as in "before the end of Ja...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Video recommendation for stock market education ### Answer: Before you go filling your head with useless information as there is way too much stuff out there on the stock market. First ask yourself a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay index fund expense ratios with cash instead of fund balance ### Answer: In many cases the expenses are not pulled out on a specific day, so this wouldn't work. On the other hand some funds do char...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Historically how do share prices perform after mass selling after an employee reward scheme? ### Answer: Like others have already said, it may cause an immediate dip due to a large and sudden move in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it ever a good idea to close credit cards? ### Answer: I'm not sure if someone else answered already in the same manner I will. I can't guarantee for sure if it's the same in the U.S.A. (it might s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference when asked for “debit or credit” by a store when using credit and debit cards? ### Answer: It depends on your bank and your terms of service, but using the card one way or the ot...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Indicators a stock is part of a pump and dump scheme? ### Answer: Note: the answer below is speculative and not based on any first-hand knowledge of pump-and-dump schemes. The explanation with spammin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should a high-school student invest their (relative meager) savings? ### Answer: Nobody has mentioned your "risk tolerance" and "investment horizon" for this money. Any answer should take into accoun...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Personal checks instead of business ones ### Answer: I'll assume you are asking about a check for some kind of work or service that you provided them, that they hired your company to do. No large busi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happened when the dot com bubble burst? ### Answer: To add to the already existing answers, most of the dotcom companies used an accounting sheningan so profusely that everything looked rosy. To ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The doctor didn't charge the health insurance in time, am I liable? ### Answer: This has a straightforward answer. It's likely that your doctor and the hospital have no responsibility to ensure that y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to reconcile these contradictory statements about the effect of volume on stock price? ### Answer: These statements aren't necessarily contradictory. In the first case, investors are bearish becau...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Cost of Living overstated? ### Answer: You mention: High rent places are usually also high property value places. Given the tax incentives, it seems like a good long term idea to grab a house...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 401k vs. real estate for someone who is great at saving? ### Answer: Apples and oranges. The stock market requires a tiny bit of your time. Perhaps a lot if you are interested in individual stocks, an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When is the right time to buy a new/emerging technology? ### Answer: If you're looking for a purely financial answer (ignoring the social/environmental aspects) there are a few different ways you can ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are cashiers required to check a credit card for a signature in the U.S.? ### Answer: Working retail myself, I do not accept an unsigned card without verification. If I received one I would ask for I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will a stop order get triggered if the floor is hit and trading is halted? ### Answer: quantycuenta is right, if a halt is in place, then no trading will occur, simple as that. But in the practice of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dividends - Why the push to reinvest? ### Answer: A dividend is a cash disbursement from the company. The value of the company goes down the same amount of the dividend, so it is analogous to having ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I try to negotiate a signing bonus? ### Answer: You asked about a signing bonus and were told the conditions that would be required to get one. It does not appear that you will qualify, but you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to deduct gambling losses? ### Answer: 1: Gambling losses not in excess of gambling winnings can be deducted on Schedule A, line 28. See Pub 17 (p 201). Line 28 catches lots of deductions, and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to manage 20 residential apartments ### Answer: I have no idea about India, but in many countries there are companies that specialize in property management. This means they will take on the busin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a resource for knowing when Annual and Quarterly Reports are coming out? ### Answer: https://www.google.com/search?q=quarterly+and+annual+financial+report+calendar&oq=quarterly+and+annual+fin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are Forex traders forced to use leverage? ### Answer: I recommended Currency Trading For Dummies, in my answer to Layman's guide to getting started with Forex (foreign exchange trading)? The nature of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's a good free checking account? ### Answer: The best bank with least amount of gotchas is Alliant Credit Union. I did a lot of research and finally decided on this bank. I did a comparative st...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does Yahoo Finance's data for a Vanguard fund's dividend per share not match the info from Vanguard? ### Answer: http://finance.yahoo.com/q/hp?s=EDV+Historical+Prices shows this which matches Vang...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is property investment good if properties de-valuate over time? ### Answer: I just read this: Housing and inflation Adjusted for inflation the price of a house has increased a miniscule amount. A...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to donate to charity that will make a difference? ### Answer: OP wants to do something very honourable, applause for that. Being a Greek I have insider knowledge about the impact of various organi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a stock exchange company actually go bust? ### Answer: A stock exchange is a marketplace where people can bring their goods [shares] to be traded. There are certain rules. Stock Exchange does not ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do market shares exhaust? ### Answer: Let's clarify some things. Companies allow for the public to purchase their shares through Initial Public Offering (IPO) (first-time) and Seasoned Public Offering...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Exchange rate $ ETF,s ### Answer: Your assumption that funds sold in GBP trade in GBP is incorrect. In general funds purchase their constituent stocks in the fund currency which may be different to th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to incentivize a real-estate broker to find me a cheap house ### Answer: Here in the U.S., a realtor can act as a "seller's agent" or a "buyer's agent". I think what you are calling a "broker" in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: declaring payments to a credit card for a shared expense ### Answer: If this is a business expense - then this is what is called reimbursement. Reimbursement is usually not considered as income since ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to help a financially self destructive person? ### Answer: I'm afraid your best recourse may be legal. I don't know that internet is a necessity, but the court would frown upon anyone paying $4K f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Snowball debt or pay off a large amount? ### Answer: Basically, your CC is (if normal) compounded monthly, based on a yearly APR. To calculate the amount of interest you'd pay on each of these account...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advice on preserving wealth in a volatile economic/political country ### Answer: US Treasury securities are the safest investment. You can buy short term by buying T-Bills. You buy T-bills at a disco...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a way to claim a car purchase in the tax return? ### Answer: You've got two options. Deduct the business portion of the depreciation and actual expenses for operating the car. Use the IRS s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy small-cap ETF when you already have large-cap of the same market ### Answer: Yes, you should own a diverse mix of company sizes to be well diversified. While both will probably get hit in a recess...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a car loan bad debt? ### Answer: The risk besides the extra interest is that you might be upside down on the loan. Because the car loses value the moment you drive off the lot, the slower you pay i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is real (physical) money traded during online trading? ### Answer: I asked a followup question on the Islam site. The issue with Islam seems to be that exchanging money for other money is 'riba' (roug...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean for a company to have its market cap larger than the market size? ### Answer: If you are calculating: keep in mind that company A probably also sells washers, dryers, stoves, dish wa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is it possible to just take out a ton of credit cards, max them out and default in 7 years? ### Answer: The U.S. bankruptcy laws no longer make it simple to discharge credit card debt, so you can'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Most common types of financial scams an individual investor should beware of? ### Answer: Anything where the initial step of someone trying to get you into anything financial is to send you an e-mail....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I save money on a gym / fitness membership? New Year's Resolution is to get in shape - but on the cheap! ### Answer: I came across an article posted at Squawkfox last week. It's particularly ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are companies in California obliged to provide invoices? ### Answer: We run into this all the time with our EU clients. As far as I can tell, the only requirements when it comes to invoicing have to d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Estimate a future option price given greeks and a 1$ move in underlying ### Answer: It's not that straightforward, even though your gamma will change your delta on the fly, you likely won't see the fu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which Benjamin Graham book should I read first: Security Analysis or Intelligent Investor? ### Answer: First The Intelligent Investor and then the 1962 edition Security Analysis - which is out of prin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you calculate the rate of return (ROR) when buying and selling put options? ### Answer: Rate of return is (Current value - initial value) divided by initial value. Buy $10,000 worth of put opti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: $200k in an IRA, unallocated. What's the safest investment? ### Answer: The safest investment is probably a money market fund [originally I said a TIPS fund but they appear to be riskier than I had th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would we need a “stop-limit order” for selling? ### Answer: One practical application would be to protect yourself from a "flash crash" type scenario where a stock suddenly plunges down to a penny...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much do brokerages pay exchanges per trade? ### Answer: There is no one answer to this question, but there are some generalities. Most exchanges make a distinction between the passive and the aggr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is short selling a good hedging strategy during overzealous market conditions? ### Answer: I saw that an answer hasn't been accepted for this yet: Being bearish is a good hedging strategy. But being h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trading on exchanges or via brokerage companies? ### Answer: I was wondering what relations are between brokerage companies and exchanges? Are brokers representing investors to trade on exchanges? Yes...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the costs to establish an LLC and to maintain it? ### Answer: I'll answer in general terms, since I'm not familiar with the price ranges in Florida. The LLC formation costs $125 (state fee). ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to determine how much to charge your business for rent (in your house)? ### Answer: It depends on the structure of your business. Are you a sole proprietor filing Schedule C on your 1040, or an S-...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I trade FX spot options, other than saxobank.com? ### Answer: You can trade currency ETF options on IB. It is SIPC insured; the options are just like vanilla options in Saxo. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I can be claimed as a dependent, what do I do without my parent's tax information? ### Answer: The request for your parent's income comes from Form 8615, Tax for Certain Children Who Have Unearned ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Purpose of having good credit when you are well-off? ### Answer: People just love becoming more well-off than they currently are, and one of the ways they do it is with leverage. Leverage requires cre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: File bankruptcy, consolidate, or other options? ### Answer: If your parents' business isn't viable (regardless of what combination of the economy or their management of it caused it not to be viable) ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: understanding the process/payment of short sale dividends ### Answer: I would suggest the following rationale : This appears to be a most unsatisfactory state of affairs, however, you can bet that thi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is there such disparity of max contribution limits between 401K accounts and regular IRA accounts? ### Answer: The investments offered in 401K are usually limited to a selection of mutual funds of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I set a stop loss for long term investments? ### Answer: This is the exactly wrong thing to do especially in the age of algorithmic trading. Consider this event from 2010: Chart Source Anoth...
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: You would probably be better off wiring the money from your US account to your French account. That IMHO is the cheapest and safe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any way to buy a new car directly from Toyota without going through a dealership? ### Answer: You could consider buying a fairly recent used car from CarMax. They have fixed pricing, and you'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options revisited: Gold fever ### Answer: You'll still lose a little bit if you buy a put option at the current price. No such thing as free hedging. Let's say you have 100 shares of IAU that you bou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to make of historical stock market volatility? ### Answer: The first thing to realize is that the type of chart you saw is not appropriate for long-term comparisons. The vertical axis uses a lin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do 10 year-old luxury cars lose so much value? ### Answer: I think this can be answered by answering the question "Who buys 10 year old cars?". Generally speaking those buyers are very price cons...
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: Not all debt is bad. If it carries a reasonable interest rate, you don't need to clear it imm...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are mortgage payments decided? [duplicate] ### Answer: It's easiest to get your payment from the PMT function in Excel or Google Sheets. So a $100,000 30 year mortgage at 3% looks like this: The ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When is the right time to buy a car and/or a house? ### Answer: Buying a house is often more emotional than financial. Which makes that kind of advice tough to offer. Staying with the finance side - Y...
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: 100% scam. This is classic of mixing real (Exxon) with fiction. This gives credibility to story. D...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I buy a share from myself at a higher price, will that drive the price up so I can sell all my shares the higher price? ### Answer: Yes it is possible but with a caveat. It is a pattern that can b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much does it cost to build a subdivision of houses on a large plot of land? ### Answer: Let's think like a real estate developer. First you need to check with the zoning commission the restriction...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are dividends the only thing linking stocks to corporate performance? ### Answer: There is certainly an obligation in some cases of a company to distribute profit, either as dividend or a stock buy ba...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I earn $75K, have $30K in savings, no debt, rent from my parents who are losing their home. Should I buy a home now or save? ### Answer: To be honest, if it's a home all of you share you should try an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a retail trader do bid-ask spread scalping through algo-trading? ### Answer: In US public stock markets there is no difference between the actions individual retail traders are "permitted" to take...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Bringing money to UK for investment purposes ### Answer: Transfers of money to the UK for any purpose are not generally taxed, so you can just transfer it here and invest. Once the money is here, you'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Opening offshore account from UK ### Answer: I think your best bet here would be HSBC. They will provide the required currencies, credit/debit cards, and very easy to use online banking transfers. T...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which Roth IRA is the best for a 21 year old who has about $1500? ### Answer: Your question seems like you don't understand what a Roth IRA is. A Roth IRA isn't an investment, per se. It is just a typ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If there's no volume discount, does buying in bulk still make sense? ### Answer: Let me add a counterpoint. I don't know about you, but for some psychological reason, when I know I have an abundance ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: S-Corp partnership startup. How to pay owners with minimal profit? ### Answer: S-Corp income is passed through to owners and is taxed on their 1040 as ordinary income. If you take a wage (pay FICA) an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can we get a hold of our finances again, with much less time to spend on accounting and budgeting, due to the arrival of our child? ### Answer: I have also tried Mvelopes in the past, and my exper...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A merchant requests that checks be made out to “Cash”. Should I be suspicious? ### Answer: If the business owner doesn't want you to pay him directly, the only reason I can think of is breaking a law....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the common income tax deductions used by “rich” salaried households? ### Answer: From Rich Dad, Poor Dad. 3 Major Things: With rental real estate, in addition to mortgage interest, you also d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: PayPal wants me to “add a bank account”, another funding source. Credit card isn't working. Why? ### Answer: I've used PayPal for my business for a long time. Sometimes PayPal doesn't trust credit car...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a company have a credit rating better than that of the country where it is located? ### Answer: In one personal finance book I read that if a company is located in a country with credit rating X i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the costs to establish an LLC and to maintain it? ### Answer: The cost will be around $300-$500 if you do it correctly it in Florida and can be over a $1,000 if you do it in New York (New Yor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does an enlarged share base affect share price? ### Answer: Most of the time when a stock splits to create more shares, it is done to bring the price per share down to a level that makes potential...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the fair value of a stock given the bid and ask prices? Is there such a relationship? ### Answer: None of the above. The fair value is a term used to describe an analytical result of projectin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does girlfriend have too much savings, time to invest? ### Answer: There are ETF funds that only purchase preferred stock from banks. I have one that pays a monthly dividend of a little under 6% per y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a tender offer be less than the market price? ### Answer: Rational shareholders wouldn't accept such an offer. The company making the offer is simply trying to get a deal with questionable —...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with my $10K windfall, given these options? ### Answer: As much as I'd like to tell you to save some for an emergency fund or use it to pay off some debt, if you really need a new roo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a standard check format in the USA? ### Answer: Legally, a check just needs to have a certain list of things (be an instruction to one's bank to pay a specific amount of money to bearer or to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's a normal personal debt / equity ratio for a highly educated person? ### Answer: Average person's life I'm going to say there is no normal debt level. Here's the standard life pattern: So it rea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what interest rate should debt be used as a tool? ### Answer: Average return on the S&P500 over the last 10 years has been 1.6 %; so if you'd invested in that with money borrowed at 3 % you would h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to interpret stock performance charts “vs S&P 500” ### Answer: tl;dr: The CNN Money and Yahoo Finance charts are wildly inaccurate. The TD Ameritrade chart appears to be accurate and shows returns...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My account's been labeled as “day trader” and I got a big margin call. What should I do? What trades can I place in the blocked period? ### Answer: The SEC considers a day trade to be any trade that i...