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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I live outside of the rat race of American life with 300k? ### Answer: An endowment is a large chunk of capital (i.e. money) held by a university or other nonprofit. It is meant to hold its ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do stocks like INL (traded in Frankfurt) work? ### Answer: They don't have to track each other, it could just be listed on more than one exchange. The price on one exchange does not have to match...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it smart to only invest in mid- and small-cap stock equity funds in my 401(k)? ### Answer: Your initial premise (mid-cap and small-cap company stocks have outperformed the market) is partially corr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Eligibility for stock rights offering ### Answer: Yes, there is a delay between when you buy a stock and when you actually take ownership of it. This is called the settlement period. The settlement p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mortgage interest income tax deduction during year with a principal residence change ### Answer: http://www.irs.gov/publications/p936/ar02.html#en_US_2010_publink1000229891 If you still own it, you ge...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Theoretically, if I bought more than 50% of a company's stocks, will I own the company? ### Answer: You'll own whatever fraction you bought. To own the company (as in, boolean - yes or no) you need to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why charge gross receipts taxes to the customer? ### Answer: I'll address one part of your question: There are other taxes that companies pay as well, such as income tax, but don't charge to the custo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How a company can afford to give away so many shares as part of its ESOP ### Answer: Companies theoretically have an infinite number of equity units at their disposal. Issuance must be approved accor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much do large sell orders affect stock price? ### Answer: Most of the investors who have large holdings in a particular stock have pretty good exit strategies for those positions to ensure they ar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Selling stocks as LIFO or FIFO ### Answer: According to the IRS, you must have written confirmation from your broker "or other agent" whenever you sell shares using a method other than FIFO: Specific ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Unmarried couple buying home, what are the options in our case? ### Answer: You are thinking about this very well. With option one, you need to think about the 5 D's in the contract. What happens wh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What could be the harm in sharing my American Express statements online? ### Answer: Call me overly paranoid, but letting unknown people know your charges and your personal information is asking for t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will ADR owner enjoy same benefit as common shares holders ### Answer: As far as I know, with ADRs you're essentially trading by proxy -- a depository bank is holding the actual stock certificate, and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Double-entry bookkeeping: When selling an asset, does the money come from, Equity or Income? ### Answer: There are basically two approaches, based on how detailed you want to be in your own personal a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the most effective saving money method? ### Answer: A trick that works for some folks: "Pay yourself first." Have part of your paycheck put directly into an account that you promise yourself y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What makes a Company's Stock prices go up or down? ### Answer: Here are some significant factors affect the company stock price performance: Usually, profitability is known to the public through the f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When buying a call option, is the financial stability of the option writer relevant? ### Answer: Exchange traded options are issued in a way that there is no counter party risk. Consider, stocks and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Account that is debited and account that is credited ### Answer: Strictly speaking the terms arise from double entry book keeping terminology, and don't exactly relate to their common English usage, w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When to start investing in an index fund? Wait for a bear market, use dollar cost-averaging, or another approach? ### Answer: The fact that you are choosing index fund means you are surely not one of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pensions, annuities, and “retirement” ### Answer: With an annuity, you invest directly into an annuity with money you have earned as wages/salary/etc. You pay for it, and trade your payments into the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does giving to charity work? ### Answer: If I donate $10,000 to charity then I can deduct that $10,000 from my income and not pay income taxes on it. So if I make $50,000 a year then I will only ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do investors go long option contracts when they cannot cover the exercise of the options? ### Answer: I do this often and have never had a problem. My broker is TD Ameritrade and they sent several em...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to protect your parents if they never paid Social Security? ### Answer: I'm not unsympathetic, but insurance of what kind? I don't know how he'd have owned a restaurant but failed to pay into the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Get free option quotes ### Answer: A number of sites provide delayed option chains online. Yahoo Finance is one example: I linked to Apple's chain, but to get one yourself, put the ticker you want in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much money do you have to make every year before you have to pay tax? ### Answer: Since your YouTube income is considered self-employment income and because you probably already made more than $40...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Extra cash - go towards mortgage, or stock? ### Answer: the math makes sense to invest instead of paying down, but... how much would you borrow at 3.5%, to invest the money into the stock market? It's...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What prevents investors from buying high yield stocks and selling them as soon as their dividend is paid out? ### Answer: The market is not stupid. It realises that a company is worth less after payin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the financial advantages of living in Switzerland? ### Answer: As per Wikipedia of right now, here are unemployment figures for Switzerland and surrounding countries: Liechtenstein, unfortuna...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to Deduct Family Health Care Premiums Under Side Business ### Answer: No, not on schedule C, better. Its an "above the line" deduction (line 29 on your 1040). Here's the turbo tax article on it. T...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: No-line-of-credit debit card? ### Answer: We have a pre-paid mastercard. This will only allow the spending up to the amount already paid into the card account. Visa Electron is a bank account linked...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does the purchase of shares on the secondary market benefit the issuing company? ### Answer: Stock trading (as opposed to IPO) doesn't directly benefit the company. But it affects their ability to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is UK house price spiral connected to debt based monetary system? ### Answer: There are a few factors at work here, supply and demand being the main one. The Office for National Statistics has some go...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What percent of my salary should I save? ### Answer: A single percentage figure makes little sense here as you are asking for a bunch of different things: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's a good way to find someone locally to help me with my investments? ### Answer: Dave Ramsey has a list of ELPs (Endorsed Local Providers) of which I've only heard good things. You can request a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dispute credit card transaction with merchant or credit card company? ### Answer: As a rule of thumb, go in the order of proximity to the transaction. This would typically mean: Side note: I own a web...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much of a down payment for a car should I save before purchasing it? ### Answer: If and only if by coincidence the car you were already considering from your research includes a 0% finance offer, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Exercising an option without paying for the underlying ### Answer: As other answers state, selling the options contracts to the market is a definite way out, and probably the best in most cases. If y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using a cash account can someone trade all day on it? ### Answer: According to Regulation T, you can make as many day trade (round trip) stock purchases using a cash account as long as you have the fu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: UK Tax - can I claim expenses against a different tax year? ### Answer: In some circumstances losses from self-employment can be offset against total income and/or capital gains. If this applies to yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making $100,000 USD per month, no idea what to do with it ### Answer: If you are making that much, don't waste your time here. Pay a few hundred bucks for a consultation with a fee-only certified fina...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For Federal Crimes, where does the money collected from penalties go? ### Answer: The SFGate had an article on this a few years ago: http://www.sfgate.com/business/networth/article/When-government-fin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I lease, buy new, or buy used? ### Answer: Welcome to Personal Finance and Money. This answer will depend a lot on what is most important to the buyer, for example, whether it is important to a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't people generally save more of their income? ### Answer: A person who always saves and appropriately invests 20% of their income can expect to have a secure retirement. If you start early eno...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to get into real estate with a limited budget ### Answer: You are neglecting a few very important things around real estate transactions in Belgium So in the end a 300K building may cost you more ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A University student wondering if investing in stocks is a good idea? ### Answer: Contrary to most other advise given here, I'd recommend (in your situation) not to invest in stock (yet). There are so...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a good forum where I can discuss individual US stocks? ### Answer: I use the forum seeking alpha. http://seekingalpha.com/ ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I spend too much money. How can I get on the path to a frugal lifestyle? ### Answer: Track your expenses. Find out where your money is going, and target areas where you can reduce expenses. Some examp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a mutual fund “high water mark” and how does it affect performance fees? ### Answer: With the caveat that you should always read the fine print... Generally, the high water mark is the absolut...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can Health-Releated Services be a Business Expense? ### Answer: Chris, since you own your own company, nobody can stop you from charging your personal expenses to your business account. IRS is not a h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the tax liabilities or impact for selling gold? ### Answer: Gold is classified as a collectible so the gain rates are as follows: So you'd report a gain of $100 or $1,000 , depending on which...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ideal investments for a recent college grad with very high risk tolerance? ### Answer: Cryptocurrencies like Bitcoin or Ethereum. Then check their prices daily. With daily price swings of over 10% (bo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Meanings of “price of the derivative” ### Answer: No, it means what it says. Prices change, hence price of the derivative can go down even if the price of the underlying doesn't change (e.g. theta dec...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best way to day trade with under $25,000 ### Answer: The T+3 "rule" relates only to accounting and not to trading. It does not prevent you from day trading. It simply means that the postings in you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What could be the harm in sharing my American Express statements online? ### Answer: As a person who has had several part time assistants in the past I will offer you a simple piece of advise that sho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does 83(b) cause a tax liability when exchanging startup stock for public stock? ### Answer: I was told by the lawyers there was no tax consequence because the two numbers were the same. That is cor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Exercising an option without paying for the underlying ### Answer: Unless you want to own the actual shares, you should simply sell the call option.By doing so you actual collect the profits (includin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are some funds only recommended for investors starting out? ### Answer: The simple answer is that whatever strategy is implemented with e-series, could be implemented at a lower cost with ETFs. ##...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I spend less? ### Answer: Try having money automatically deducted from your paycheck and put into a retirement account or savings account. As long as you don't have a problem with spending mo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: No-line-of-credit debit card? ### Answer: This arrangement might be a bit of a pain, but what about Visa gift card(s)? The transfer of money just doesn't happen if the money isn't already on the card....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should my retirement portfolio imitate my saving portfolio? ### Answer: One big pie chart. Traditional (pretax) 401(k) and IRA, Roth 401(k) and IRA, and non-tax favored accounts. All of these need to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What do I need as documentation in order to pay taxes in the Netherlands? ### Answer: The Dutch tax office is pretty decent, although slightly overburdened. Don't expect a lot of help, but they're not...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Withdraw USD from PayPal without conversion to my home currency of EUR? ### Answer: Look for EU banks that have US branches. Open an account there and look for the SWIFT code of your bank in US. Withd...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can PayPal transfer money automatically from my bank account if I link it in PayPal? ### Answer: See this help article from Paypal about payment methods for purchases. When you don’t have a PayPal bal...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How expensive is it to keep minimal cash at a brokerage? ### Answer: Losses at a brokerage firm due to fraud are insured up to $500,000 per account for securities by the SIPC (Securities Investors' P...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: New car: buy with cash or 0% financing ### Answer: Some things you missed in your analysis: How will financing change your insurance costs? I.e. what is the difference between the insurance that yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does borrowing from my 401(k) make sense in my specific circumstance? ### Answer: I see you've marked an answer as accepted but I MUST tell you that STOPPING your 401k contribution all together is a b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What securities is Return of Capital applicable to? ### Answer: Off the top of my head, I don't know of any publicly-traded companies that routinely earmark distributions as return of capital, but the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Recommended education path for a future individual investor? ### Answer: My plan is that one day I can become free of the modern day monetary burdens that most adults carry with them and I can enjoy a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't share prices of a company rise every other Friday when the company buys shares for its own employees? ### Answer: Let's take an example: IBM has about 430,000 employees worldwide. Assume th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What would happen if the Euro currency went bust? ### Answer: These rumors are here just to help dollar stay alive. Euro have problems, but they are rather solvable, unlike dollar situation. Even if s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Growth of unrealized gains in tax-managed index funds ### Answer: I don't know that I can answer the question fully, but 2 points. The percent that represent capital gains certainly can't exceed 100. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a Line of Credit be re-financed? Is it like a mortgage, with a term? ### Answer: HELOCs typically have a 10 year draw and 5 year payback. During the draw time you can pay interest only if you wish...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would someone buy a way out-of-the-money call option that's expiring soon? ### Answer: Out of the money options often have the biggest changes in value, when the stock moves upward. This person co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: On paper I have 1 share in my company. How can I sell a smaller percentage of my company to another party? ### Answer: Simple: Do a stock split. Each 1 Ordinary share now = 100 Ordinary shares (or 100...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Missing opportunity cost of mortgage prepayment ### Answer: I agree with Joe that you seem to have your stuff together. However I can't disagree more otherwise. You are getting a loan at such a cheap...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Repaying Debt and Saving - Difficult Situation ### Answer: I see one clear thing to help: She lives alone. Why does she need a two bedroom place? ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to exclude stock from mutual fund ### Answer: Chris - you realize that when you buy a stock, the seller gets the money, not the company itself, unless of course, you bought IPO shares. And the amo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 40 year old A and J makes 1M a year. What is the best investment to save on tax? ### Answer: There is nothing legal you can do in the United States to avoid the tax burden of income earned as an emplo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does selling mixed-term stocks with a LIFO tax strategy make sense? ### Answer: Your question is missing too much to be answered directly. Instead - here are some points to consider. Short term gains ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: why is the money withdrawn from traditional IRA taxed at the ordinary income tax rate? ### Answer: It would be fairer to the average person if we paid our normal tax rate on the amount we contributed ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Preferred vs Common Shares in Private Corporation ### Answer: To follow up on Quid's comment, the share classes themselves will define what level of dividends are expected. Note that the terms 'common...
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: There is no interest outstanding, per se. There is only principal outstanding. Initially, principal outstand...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible for US retail forex traders to trade exotic currencies? ### Answer: You are in a difficult situation because of US regulation, that is much more demanding to fulfill than in EU or rest ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit card grace period for pay, wait 1 day, charge? ### Answer: This will not result in any finance charges: I wouldn't recommend cutting it quite so close, but as long as you pay the full balance a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do marketmakers always quote a bid and ask simultaneously ### Answer: Market makers (shortened MM) in an exchange are generally required to list both a bid and ask price to allow both buyers and selle...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I determine how much my car insurance will cost me? ### Answer: The best way to determine how much it will cost you is to call the insurance companies to get a quote from them for all the vehi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it impossible to get a home loan with a poor credit history after a divorce? ### Answer: I am sorry for your troubles, but impressed with your problem solving skills. Keep going, things will get b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can publicly traded profits go but to shareholders via dividends? ### Answer: Where can publicly traded profits go but to shareholders via dividends? They can be retained by the company. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When (if) I should consider cashing in (selling) shares to realize capital gains? ### Answer: You should know when to sell your shares before you buy them. This is most easily done by placing a stop l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it common for a new car of about $16k to be worth only $4-6k after three years? ### Answer: It depends completely on the car. Some cars retain their value much better, and others drop in value lik...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What economic, political and other factors influence mortgage rates (and how)? ### Answer: Without commenting on whether or not it's needed I don't think we are going to see a QE3 and all the politica...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there brokers or companies who trade Forex and make money for us on our investment? And do you think fxtradeinvestment is legit? ### Answer: So you think there is a business that can take $X and i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock Options for a company bought out in cash and stock ### Answer: There is no chance the deal will complete before option expiration. Humana stock will open Monday close to the $235 buyout price, a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate tax amounts withheld on mixed pre-tax and Roth 401(k) contributions, and match? ### Answer: Its easier than that: employer matching contributions are always pre-tax. While your contr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros and cons of investing in a cheaper vs expensive index funds that track the same index ### Answer: So, why or why should I not invest in the cheaper index fund? They are both same, one is not chea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm 20 and starting to build up for my mortgage downpayment, where should I put my money for optimal growth? ### Answer: Good job. Assuming that you are also contributing to retirement, you are bound...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does gold's value decrease over time due to the fact that it is being continuously mined? ### Answer: Contrary to Muro's answer which strangely shows a graph of the Fed's balance sheet and not the mon...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When does a low PE ratio not indicate a good stock? ### Answer: Some companies have a steady, reliable, stream of earnings. In that case, a low P/E ratio is likely to indicate a good stock. Other comp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Quarterly dividends to monthly dividends ### Answer: Technically you should take the quarterly dividend yield as a fraction, add one, take the cube root, and subtract one (and then multiple by the sto...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why might it be advisable to keep student debt vs. paying it off quickly? ### Answer: Liquidity Say you have $50k in student loan debt. You come into a large amount of money and throw $10k at it. Ye...