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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I buy only 4 shares of a company? ### Answer: Simple answer: Yes A better question to ask might be "Should I invest all my savings to buy 4 shares of a single stock." My answer to that would be "...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is sales tax for online purchases based on billing- or shipping address? ### Answer: From Amazon's Site: "If an item is subject to sales tax in the state to which the order is shipped, tax is general...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are warehouse clubs like Costco and Sam's Club worth it? ### Answer: Silly as it sounds, we belong to both BJ's and Sam's club (we don't have Costco in this area). The produce at our local Sam's is t...
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: Congratulations on being in this position. Your problem - which I think that you identified - is that you don't k...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a company care about the price of its own shares in the stock market? ### Answer: The most significant reason is that if the board of directors of a company neglects the stock value, the sto...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth it to reconcile my checking/savings accounts every month? ### Answer: Banks make mistakes. Reconciling your account with your bank statement is the way to catch the errors. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to send money across borders physically and inexpensively, but not via cash? ### Answer: I assume the same criteria apply for this as your previous question. You want to physically transfer in exc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal if I'm managing my family's entire wealth? ### Answer: I agree that this is a "bad idea" but I want to add in one more reason. Let's pretend your family and you are ok with all the tax ram...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does an individual share of a stock have some kind of unique identifier? ### Answer: I agree with the answer by @Michael that this number doesn't exist. It's hard to see what use it would have and it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the dominant investing advice for individuals to use mutual funds, exchanged traded funds (ETFs), etc ### Answer: Great question! While investing in individual stocks can be very useful as a le...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: question about short selling stocks ### Answer: If you had an agreement with your friend such that you could bring back a substantially similar car, you could sell the car and return a different one t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: F-1 student investing in foreign markets ### Answer: You cannot have off-campus employment in your first year, but investments are considered passive income no matter how much time you put into that e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean when my Money Market account lists both a dividend share and an APY? ### Answer: The dividend is what represents your ownership in the CU. The APY is a calculated figure that will h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying my first car out of college ### Answer: I agree with the consensus as far as getting a cheaper car, paying with cash, getting a more fuel efficient car, etc. But I'd like to point out, you sho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I spend less? ### Answer: One things about psychology - people spend more money when its an abstract concept instead of having cold, hard cash. What does this mean? People spend more money whe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is sales tax for online purchases based on billing- or shipping address? ### Answer: Apparently it's based on either the address of the seller or vendor or your shipping address; from the AccurateTax....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with my money? ### Answer: I don't think blanket answers are very helpful. You are asking the right question when you are young! You have a large number of investment options and Aust...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to your ability to borrow money based on our joint finances? ### Answer: The bank will consider total of both parties income for the loan qualification. Provided both parties will be list...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why doesn’t every company and individual use tax-havens to pay less taxes? ### Answer: And yet, the same law that these individuals and companies use to lower their taxes applies for every citizen a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Due Diligence - Dilution? ### Answer: Your best bet is to just look at comparative balance sheets or contact the company itself. Otherwise, you will need access to a service like PrivCo to get data. #...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate cash loss over time? ### Answer: If inflation is at 2% per annum, in a year you would need £102 to buy equivalent goods to what you could buy today. So if you keep your money in a dr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can capital expenses for volunteer purposes be deducted from income? ### Answer: Costs for home / small business equipment under US$10,000 don't have to be capitalized. They can be expensed (that is,...
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: I'm not sure if this is your point of confusion, but when an account is said to be debited (or credited), the words "debited" or "credi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should we prioritize retirement savings, paying down debt, and saving for a house? ### Answer: Pay the debt down. Any kind of debt equals risk. No debt equals no risk and a better chance to have t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Germany Tax Question - Non-Resident and not employed in Germany ### Answer: No you won't. Germany taxes income, not bank accounts. Note that this changes immediately when your bank account makes inter...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Student loan payments and opportunity costs ### Answer: I agree with the advice given, but I'll add another angle from which to look at it. It sounds like you are already viewing the money used to eit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Resources to begin trading from home? ### Answer: So you're 23 with no higher graduation, certificates etc which would allow you to study / training but with a high passion for logical thinking and ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When to liquidate mutual funds for a home downpayment ### Answer: This question is calling for a somewhat subjective answer. What I would recommend is liquidate now, since it is a stock fund and stock...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are shares used, and what are they, physically? ### Answer: For some very small private companies I know of (and am part of), paper stocks do exist. You can sit at the table with the damn things i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My investment account is increasingly and significantly underperforming vs. the S&P 500. What should I do? ### Answer: Around Oct 03 2010 the SPY closed at 113. Today it is trading at 130. After fou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are interbank payment (settlement) systems closed for weekends and holidays? ### Answer: The second part of your question is the easiest to answer, how much manual work is involved in settlement p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I invest in the housing market via the stock exchange? ### Answer: Have you considered a self-directed IRA to invest, rather than the stock market or publicly traded assets? Your IRA can actually ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Building financial independence ### Answer: Another bit of advice specific to your scenario. Consider buying an ALMOST new car. Buying last year's model can knock a huge amount off the price and the c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I improve my credit score if I am not paying bills or rent? ### Answer: An activity which can help improve your credit score and actually make you money is stoozing. It's a little complicated ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some ways to mitigate the risks of covered calls? ### Answer: If the position starts losing money as soon as it is put on, then I would close it out ,taking a small loss. However, if it start...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does Edmunds get a kick-back from the use of Edmunds Price Promise? ### Answer: Yes, Edmunds gets money from the dealerships in this program. According to this USA Today article from 2013, dealers pay...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a stock opening price differ from the offering price? ### Answer: The offering price is the price at which that IPO is, well, offered. Think of it as a suggested retail price. The opening pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I enter Canadian tax info from US form 1042-S and record captial gains from cashing in stock options? ### Answer: There are two parts in this 1042-S form. The income/dividends go into the Canad...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Due Diligence - Dilution? ### Answer: You will have to check SEC forms to know this in full. A publicly-traded company will have an amount of publicly tradable shares which can be easily found on thei...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can my employer limit my maximum 401k contribution amount (below the IRS limit)? ### Answer: One description of what happened is at 401(k) Plan Fix-It Guide. The issue is the plan was "Top Heavy," i....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Got a “personal” bonus from my boss. Do I have to pay taxes and if so, how do I go about that? ### Answer: If you are in the US and a regular employee, this will have to show up on your year-end W2 fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What reason would a person have to use checks in stores? ### Answer: It's because they're used to it and it works for them. Everything other reason is meh. Used to, you could float a check to payday....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the return on investment better with high or low dividends? ### Answer: It is a bit more complicated than whether it pays more or less dividends. You should make your decision based on how well the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I protect myself from a scam if I want to help a relative? ### Answer: Let's summarize your relative's problem: How is this possible? If both of those statements are true, then he should be abl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to the insider trade profits? ### Answer: Is my understanding correct? It's actually higher than that - he exercised options for 94,564 shares at $204.16 and sold them for $252.17 for a g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How Does A Special Memorandum Account Work ### Answer: The Margin Account holds the funds that are MUST for any margin trades. Any funds excess of the MUST for margin trades are kept in the SMA accoun...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Looking to buy a house in 1-2 years. Does starting a Roth IRA now make sense? ### Answer: First, look at the local housing market, and the price to rent ratios. If you are comfortable that a house can...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What price can *I* buy IPO shares for? ### Answer: Some brokers have a number of shares they can offer their customers, but the small guy will get 100, not as many as they'd like. In the Tech bubble o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is gold shared in worldwide economies? ### Answer: You might want to read about about the Coase Theorem. "In law and economics, the Coase theorem, attributed to Ronald Coase, describes the econom...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When does giving a gift “count” for tax year? ### Answer: Generally it goes by when they receive the check, not when they cash the check. Though if the check was received prior to midnight on December...
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: An ideal investment for a highly risk tolerant college grad with a background in software and programming, is a s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I withdraw money from my LLC? ### Answer: Generally, unless you explicitly elect otherwise, LLCs are transparent when it comes to taxes. So the money in the LLC is your money for tax purposes,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I participate in a 401k if there is no company match? ### Answer: I believe @Dilip addressed your question alread, I am going to focus on your second question: What are the criteria one should ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which field should I use for getting the income yield of this bond ETF? ### Answer: What you want is the distribution yield, which is 2.65. You can see the yield on FT as well, which is listed as 2.64...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Gigantic point amount on rewards card - what are potential consequences? ### Answer: I would behave exactly as I would expect it from others. If you were the one giving away too many points by acciden...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have $100,000 in play money… what to do? ### Answer: You can start a software company. Than your office will be around the world and you can work whenever you want. If you can appoint some people wh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are distributions from an S corp taxable as long term capital gains? ### Answer: If you have an S-Corp with several shareholders - you probably also have a tax adviser who suggested using S-Corp to be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Close to retirement & we may move within 7 years. Should we re-finance our mortgage, or not? ### Answer: Refinance, definitely. Go for Fixed 15 years, which will leave you with the same remaining time...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Better to rent condo to daughter or put her on title? ### Answer: Obviously you have done well financially in order to be able to purchase a condo for cash, presumably, without risk of your other obli...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth it to re-finance my car loan? ### Answer: If you're a bit into the loan, then they're probably hoping that you'll take longer to pay off the loan. Is there a fee for refinancing the loan? ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shared groceries expenses between roommates to be divided as per specific consumption ratio and attendance ### Answer: So your whole approach, and the attempt to scale this is flawed. You will aliena...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Diversification reduces risk, but does this base on the assumption that expected return of each asset is always in proportion to its risk? ### Answer: if I have a asset A with expected return of 100% ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I move my money market funds into bonds? ### Answer: Your only real alternative is something like T-Bills via your broker or TreasuryDirect or short-term bond funds like the Vanguard Short-Term...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a Covered Call be called away before the expiration date? ### Answer: Yes. If I own a call, an American call option can be exercised at my wish. A European call can only be exercised at expiration...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a Covered Call be called away before the expiration date? ### Answer: They can sell a lower price call if they expect the stock to plummet in the near term but they are bullish on the longer term....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My friend wants to put my name down for a house he's buying. What risks would I be taking? ### Answer: This is not a full answer and I have no personal finance experience. But I have a personal story ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to borrow money between college graduation and employment? ### Answer: You have asked about getting a loan, the issue is that you don't have collateral to offer up in exchange for the loan, you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who performs the blocking on a Visa card? ### Answer: It is the people who you bought the ticket from. Blocking is frequently done by hotels, gas stations, or rental car companies. Also, for anything ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Transfer $70k from Wells Fargo (US) to my other account at a Credit Union bank ### Answer: The LLC is paying you. It would only be fraudulent if you were trying to move the money out of the LLC to av...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dealer Financing Fell Through on vehicle purchase: Scam? ### Answer: There's a good explanation of this type of scam at the following link; It's known as a Spot-Delivery scam. https://www.carbuyingtip...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does Charles Schwab have a Mandatory Settlement Period after selling stocks? ### Answer: quid's answer explains the settlement period well. However, it should be noted that you can avoid the settl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are warehouse clubs like Costco and Sam's Club worth it? ### Answer: We were members at costco, but decided not to renew. Meat was a definite cost savings, and laundry detergent as well. Diapers use...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Closing a futures position ### Answer: Futures exchanges are essentially auction houses facilitating a two-way auction. While they provide a venue for buyers and sellers to come together and transact ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: renter's insurance for causing property damage ### Answer: You need to get some thing called landlord insurance, tenants only covers his belongings. Any property damage caused deliberately or unknowin...
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: The biggest red flag is the fact that your parents may lose the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: what if a former employer contributes to my 401k in the year following my exit? ### Answer: The vast majority of individual taxpayers in the United States operate on a cash basis of accounting. This m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does it seem unnecessary to fully save for irregular periodic expenses? ### Answer: Another way of explaining the puzzling balance: Right after a particular bill is paid, you have $0 saved to pay ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the future of 401(k) in terms of stability and reliability? ### Answer: Let's pretend that the author of that article is not selling anything and is trying to help you succeed in life. I have...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are currency forwards needed? ### Answer: e.g. a European company has to pay 1 million USD exactly one year from now While that is theoretically possible, that is not a very common case. Mostly li...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Short term cutting losses in a long term investment ### Answer: What you are suggesting would be the correct strategy, if you knew exactly when the market was going to go back up. This is called marke...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should you co-sign a personal loan for a friend/family member? Why/why not? ### Answer: My thoughts on loaning money to friends or family are outlined pretty extensively here, but cosigning on a loan ...
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: Stripping away the minutia, your question boils down to this: Should I take a loan for something that I may not b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it beneficial to my credit score if I close my youngest credit lines while preserving my current credit utilization rate? ### Answer: Credit Score is rather misleading, each provider of credit uses...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the gains from more liquidity in ETF for small investors? ### Answer: One of the often cited advantages of ETFs is that they have a higher liquidity and that they can be traded at any time ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Start Investing - France ### Answer: I am not interested in watching stock exchange rates all day long. I just want to place it somewhere and let it grow Your intuition is spot on! To buy & hold is th...
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: I believe the best way to go about it is to approach a good friend or relative to borrow the money, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: USA H1B Employee - Capital gains in India from selling selling stocks ### Answer: My tax preparing agent is suggesting that since the stock brokers in India does not have any US state ITINS, it beco...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Possible to purchase multiple securities on 1 transaction? ### Answer: There is such a thing as a buy-write, which is buying a stock and writing a (covered) call simultaneously. But as far as I know b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What exactly is the interest rate that the Fed is going to adjust? ### Answer: Federal Funds Rate The interest rate at which a depository institution lends funds maintained at the Federal Reserve to a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What taxes does a US citizen doing freelance work (self-employed) in the UK have to pay to the US government? ### Answer: You will be filing the exact same form you've been filing until now (I hope......
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference between Term and Whole Life insurance? ### Answer: Whole life insurance accumulates a cash value on a pre-tax basis. With a paid-up policy, you make payments until a particular a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Equation to determine if a stock is oversold and by how much? ### Answer: There are those who would suggest that due to the Efficient Market Hypothesis, stocks are always fairly valued. Consider, if n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it common in the US not to pay medical bills? ### Answer: Is it common in the US not to pay medical bills? Or do I misunderstood what had been said? There has definitely been a misunderstanding as ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shorting: What if you can't find lenders? ### Answer: Your question has 6 questions marks along with comments on what you'd like to know. Yes, there are stocks that are tough to short, a combination ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best source of funding to pay off debt? ### Answer: Please take a look a Dave Ramsey's Baby Step plan. It has all the details that you need to clean up your personal finance situation. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where do I invest my Roth IRA besides stock market and mutual funds? ### Answer: That depends, really. Generally speaking, though - Roth IRAs are THE PLACE for Stock-Market/Mutual-Fund investing. All ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does the biotechnology industry have such a high PE ratio? ### Answer: Residential Construction at 362x, by the way. I'm going to hazard a guess here - Say XYZ corp trades at $100, and it's showin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I have a higher credit limit on my credit card? ### Answer: As long as you're not trying to get a higher limit in order to actually spend more money, or might be tempted to do so, it's generall...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is market capitalization? [duplicate] ### Answer: Market Capitalization is the value the market attributes to the company shares calculated by multiplying the current trading price of these share...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options for dummies. Can you explain how puts & calls work, simply? ### Answer: A 'Call' gives you the right, but not the obligation, to buy a stock at a particular price. The price, called the "strik...