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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Borrowing share with a covered call for short? ### Answer: No, if your stock is called away, the stock is sold at the agreed upon price. You cannot get it back at your original price. If you don't wan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are residential investment properties owned by non-professional investors and not large corporations? ### Answer: As other answers have pointed out, professional real estate investors do own resid...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Early Retirement Options (UK) ### Answer: Some people put money into Venture Capital Trusts for the yields they offer. The risks are different and they are considered higher risk than ordinary equitie...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Scam or Real: A woman from Facebook apparently needs my bank account to send money ### Answer: Absolute scam. Any time anyone asks you to open a bank account so they can send you money and then you h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any catches with interest from banks? Is this interest “too good to be true”? ### Answer: The 1.09% is per year, not per month, so you will be getting about 1K per year just for sitting aro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do banks insist on allowing transactions without sufficient funds? ### Answer: The reason they want the transaction to go through is because they make money that way. Remember the overdraft protec...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My landlord is being foreclosed on. Should I confront him? ### Answer: Verbal agreements are not legally binding. Unless you have signed a new lease agreement, you are not obligated to continue rentin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As a shareholder, what are the pros and cons of a Share Consolidation and Return of Capital? ### Answer: The basic theoretical reason for a company to return money to shareholders is that the company ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Anticipating being offered stock options in a privately held company upon employment. What questions should I ask? ### Answer: Good questions. I can only add that it may be valuable if the company is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax implications of exercising ISOs and using proceeds to exercise more ISOs ### Answer: That is a weird one. Typically one never needs to layout cash to exercise an option. One would only choose to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to rescue my money from negative interest? ### Answer: I'd prefer having it (more or less) fluent at any time, if possible... And the Swiss National Bank (SNB) will do their darndest to make this ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why did the stock chart for Facebook's first trading day show an initial price of $42 when the IPO price was $38? ### Answer: The IPO price is set between the underwriters and the specialist in the NA...
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: The advice to pay off near-7% debt is tough to argue against. That said, I'd project out a few years ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any banks with a command-line style user interface? ### Answer: You could keep an eye on BankSimple perhaps? I think it looks interesting at least... too bad I don't live in the US... They a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Comparison between buying a stock and selling a naked put ### Answer: Yes, of course there have been studies on this. This is no more than a question about whether the options are properly priced. (I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are you preparing for a possible dollar (USD) collapse? (How?) ### Answer: Depends what kind of expenses you intend to use this money for. If you plan to buy housing in the future (eg you're saving a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where do countries / national governments borrow money from? ### Answer: There no legal framework that allows states like the US or countries in Europe to default on their debt. Should congress pass ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does the term “match the market” mean? ### Answer: There was a time when everyone felt their goal was to beat the respective index they followed. But of course, in aggregate, that's a mathematica...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't you just have someone invest for you and split the profits (and losses) with him? ### Answer: A 'indexed guaranteed income certificate' (Market Growth GIC) fits the criteria defined in the O...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which credit card is friendliest to merchants? ### Answer: From experience, Mastercard and Visa charge vendors about the same (around 2%-5%) while American Express and Diners Club are astonishingly ex...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do Banks Cause Inflation? What are other possible causes? ### Answer: Some people believe that inflation is caused by an increase in the money supply when the banks engage in fractional reserve lendi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Getting Cash from Credit Card without Fees ### Answer: This was actually (sort of) possible a few years ago. The US Mint, trying to encourage use of dollar coins, would sell the coins to customers for...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Importance of dividend yield when evaluating a stock? ### Answer: Probably the most important thing in evaluating a dividend yield is to compare it to ITSELF (in the past). If the dividend yield is hi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I get a mortgage I can't afford? ### Answer: Honestly I would look for a house you can afford and one that is below the maximum amount of what they are willing to lend you. The reason is owni...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay off credit card debt or earn employer 401(k) match? ### Answer: I would definitely be putting in enough to get the most out of the match. Only reasons I can think of not too would be: Other than ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Chase bank not breaking large bills for non-account holders ### Answer: First, they don't have an obligation to provide a service for a non-customer. In theory, the could even refuse this service to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My bank refused to do a charge back ### Answer: Call Comcast during a non-peak time (first thing in the morning?), wait on hold, and politely explain what happened and request a $50 credit. Also polit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to share income after marriage and kids? ### Answer: I started out thinking like you but I quickly realised this was a bad approach. You are a team, aren't you? Are you equals or is one of you an ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can two or more people own 1 stock in the US? ### Answer: A share of stock is an asset not much different than any other asset. If the share is being held in a joint account, it's being jointly owned...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What one bit of financial advice do you wish you could've given yourself five years ago? ### Answer: Compound interest. Next time you buy a 100$ toy realize that if you save it - in x years that 100$ ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth buying real estate just to safely invest money? ### Answer: The main point to consider is that your payments toward your own home replace your rent. Any house or apartment you buy will hav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Canadian personal finance software with ability to export historical credit card transactions? ### Answer: Yodlee is the back-end which communicates with the banks, and Mint just provide a pretty laye...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Could capital gains from a stock sale impact my IRA eligibility? ### Answer: Yes, eligibility for contributing to a Roth IRA is determined by your Modified Adjusted Gross Income (MAGI) which is based ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are credit cards preferred in the US? ### Answer: Your question is based on a false premise. Debit cards are more popular in the US than credit cards are. Indeed it seems to be the non-US part of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can you find dividends for Australian Stock Market Shares (ASX) for more than 2 years of data? ### Answer: Yahoo provides dividend data from their Historical Prices section, and selecting Divide...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best ISA alternative ### Answer: Your question is actually quite broad, so will try to split it into it's key parts: Yes, standard bank ISAs pay very poor rates of interest at the moment. They are how...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is insurance worth it if you can afford to replace the item? If not, when is it? ### Answer: Generically, like farnsy noted in the other answer, you will only come ahead in dollar terms when you are s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Doctor's office won't submit claim to insurance after 5 months ### Answer: I'm a business law student, so medical stuff isn't really my specialty. I'll share with you what I know though. First, as to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are stocks having less institutional investors a “good thing”? ### Answer: Institutional investors are the "elephant" in the room. When they "sneeze," everyone else "catches cold." They're fine, i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it necessary to pay tax if someone lends me money to put into my mortgage? ### Answer: I can't vouch for Australian law, but in the US there is actually a recognized mechanism for "in-family loans"...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How To Record Income As An Affiliate ( UK ) ### Answer: Every bill you write counts as income (if the bill doesn't get paid, you would count that as an expense). In cases where you don't write bills, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good price to “Roll” a Covered Call? ### Answer: There is no reason to roll an option if the current market value is lower than the strike sold. Out-of-the-money strikes (as is the $12 strik...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I switch to this high rate checking account for my emergency fund? ### Answer: If you're relatively certain that you're going to meet the requirements, it sounds like a good move for you. The #...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Placing limit order and stop loss on same stock at same time ### Answer: Although this is possible with many brokers, it's not advisable. In many cases you may end up with both trades executed at the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is vested stock and yearly dividends? ### Answer: Vesting As you may know a stock option is the right to acquire a given amount of stock at a given price. Actually acquiring the stock is referre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a company's stock price give any indication to or affect their revenue? ### Answer: It would be very unusual (and very erroneous) to have a company's stock be included in the Long Term Investment...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a person with really bad credit history rent decent housing? ### Answer: Explain the situation to a landlord and offer to prepay a few months of rent in advance as a guarantee. This may or ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does the stock market index get affected when a terrorist attack takes place? ### Answer: While JB King says some useful things, I think there is another fundamental reason why stock markets go do...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advice on low-risk long-term strategy for extra cash? ### Answer: I can think of three things you might do: Talk to a fee-only adviser. As the comments suggest, this would only be one or two sessions ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you quantify investment risk? ### Answer: I use two measures to define investment risk: What's the longest period of time over which this investment has had negative returns? What's the worst-c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do those who invest large amounts of money in stocks pay typical brokerage commissions? ### Answer: Other than the brokerage fee you should also consider the following: Some brokerages provide extra p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the role of a manager in a passively managed index fund? ### Answer: There is trading, and while it can be automated, someone has to define the rules for the automated system. Why not call th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Choosing the limit when making a limit order? ### Answer: There are a couple of things you could do, but it may depend partly on the type of orders your broker has available to you. Firstly, if you ar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What were the main causes of the spike and drop of DRYS's stock price? ### Answer: Because it's a declining company and used as an institutional sized pump and dump with a new toxic financing every we...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I Accept Gold? ### Answer: Yes. But the question is do you want to have gold? If you are going to buy gold anyway, and if you can get a good conversion rate between USD:gold, then why not? If yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do top investors pull out 20% ROI? ### Answer: It's called leverage. Here's an example from real estate. The underlying appreciation on a house in certain parts of America is something like 7% a y...
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: You're looking at a used car, which is good, but I think you can still be much wiser with the type of car you're looking to purchase. Maybe I'm such a fu...
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: I would start by talking to a Fee-Only Financial Planner to make sure the portfolio fits with your goals. You can...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to increase my credit score ### Answer: It's probably important to understand what a credit score is. A credit score is your history of accruing debt and paying it back. It is supplemented by y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a dollar amount that, when adding Massachusetts Sales Tax, precisely equals $200? ### Answer: Don't worry about it. The State doesn't care about rounding error. All you need to do is say "W...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Filing Taxes for Two Separate Jobs Being Worked at the Same Time? ### Answer: Welcome to the wonderful but oft confusing world of self-employment. Your regular job will withhold income for you and giv...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the added advantage of a broker being a member of NFA in addition to IIROC ### Answer: This shows that in each market (US and Canada) the company is registered with the appropriate regulatory ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Personal finance app where I can mark transactions as “reviewed”? ### Answer: Not web-based, but both Moneydance and You Need A Budget allow this. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Question about ex-dividend date timing ### Answer: Here is the definition of Ex-dividend date from the SEC: Once the company sets the record date, the stock exchanges or the National Association of Se...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In a house with shared ownership, if one person moves out and the other assumes mortgage, how do we determine who owns what share in the end? ### Answer: This is something you should decide as part of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why I cannot find a “Pure Cash” option in 401k investments? ### Answer: This situation, wanting desperately to have access to an investment vehicle in a 401K, but it not being available reminds me of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to buy this used car from Craigslist or from a dealership? ### Answer: The 200K vehicle is likely the better deal. Get your own mechanic to check it out. If it doesn't have major issues...
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 equity value of a company. It measures the total value of the shares available for trade in public markets if they w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to use proceeds of old house sale shortly after buying new house? ### Answer: Really this is no different from any kind of large lump sum and having a mortgage. There are probably many questions ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Setting a trailing stop loss at $39.70 bid price, stock sold at $41 ### Answer: There could be a number of reasons: The price hit your number ($39.70) but by the time your order hit the market, the pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Taxing GoFundMe Donations ### Answer: From WePay (GoFundMe's payment processor) support. I received only gifts and donations. Will I receive a Form 1099-K? As of 2015, the IRS has clarified that We...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Insurance company sent me huge check instead of pharmacy. Now what? ### Answer: So: What you do: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a growing economy mean the economy is becoming less efficient? ### Answer: A growing economy should become more efficient because of increased opportunity for division of labor: specialization. E...
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: No. You're lucky, maybe, but not really a successful investor. Warren Buffet is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Since many brokers disallow investors from shorting sub-$5 stocks, why don't all companies split their stock until it is sub-$5 ### Answer: Vitalik has mentioned this in a comment but I think it ought...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do credit ratings (by Moody's, S&P, and Fitch) have any relevance? ### Answer: I like Muro questions! No, I don't think they do. Because for me, as a personal finance investor type just trying to sav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is this reply promising a money order and cashier check a scam? ### Answer: It's a scam. The cashier's check will be forged. Craigslist has a warning about it here (item #3). What kind of payment do y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why not just invest in the market? ### Answer: Perhaps someone has an investment objective different than following the market. If one is investing in stocks with an intent on getting dividend income ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What U.S. banks offer two-factor authentication (such as password & token) for online banking? ### Answer: Bank of America supports two-factor authentication using SMS messages, similar to PayPal. You...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy tires and keep car for 12-36 months, or replace car now? ### Answer: Would you buy this used car, in its current condition but with new tires, for the price of the tires? If so, buy the tires. ###...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a benefit, long term, to life insurance for a youngish, debt, and dependent free person? ### Answer: As Mhoran stated, no dependents, no need. Even with dependants, insurance is to cover th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the purpose of property tax? ### Answer: Property taxes are levied by the local authorities to pay for their services. Since the services are continuous - so are the charges. You need someone ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do banks finance shared construction as mortgages instead of financing it directly and selling the apartments in a building? ### Answer: Assumption - you live in a country like Australia, which ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In a reverse split, what happens to odd lots? ### Answer: There are two reasons to do a reverse split. Those partial shares will then be turned into cash and returned to the investors. For large inst...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Could someone explain this scenario about Google's involvement in the wireless spectrum auction? ### Answer: At the time of the auction android was just vaporware but many companies were restricting t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debt collector has wrong person and is contacting my employer ### Answer: Assuming you're in the US, you can file complaints against financial institutions (including debt collectors) through the Cons...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a long-term investor ever chose a Mutual Fund over an ETF? ### Answer: There is little difference between buying shares in your broker's index fund and shares of their corresponding ETF. In...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I claim the standard deduction being an Indian citizen and non-resident in USA for tax purposes? ### Answer: Prachi - While most non-resident aliens are not allowed to claim the standard deduction...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If you buy something and sell it later on the same day, how do you calculate 'investment'? ### Answer: You're confused because the source you cite leaves out one number that isn't relevant to the argu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advantages of paying more of your mortgage while you know you won't continue to live there your whole life ### Answer: Another factor: When you sell this house and buy the next one, the more equity y...
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: I'd have anything you would need for maybe 3-6 months stored up: food, fuel, toiletries, other incidentals. What might replace the curren...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are large companies more profitable than small ones? ### Answer: This isn't as rigorous as it should be, but may offer some useful insight into how big and small companies differ operationally. Puttin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Opening and funding an IRA in three days - is this feasible? ### Answer: A few years ago, I did something like this at a Wells Fargo; I realized I could put money into an IRA a few days before 4/15, a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean when someone says “FTSE closed at xxx today” ### Answer: It's sort of the sum of stock prices, but bigger companies are weighed more heavily. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I stop a merchant from charging a credit card processing fee? ### Answer: I gather that, while it is not illegal for a merchant to pass their payment card processing fees on to their customers...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax liability for stocks vested for a H1B visa holder ### Answer: You're asking whether the shares you sold while being a US tax resident are taxable in the US. The answer is yes, they are. How you ac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: US Expatriate, do I have to file for an extension, or do I automatically get it, as in without doing anything? ### Answer: The 2 months extension is automatic, you just need to tell them that you're u...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is silver so volatile compared to the S&P 500? ### Answer: The S&P 500 represents a broadly diversified basket of stocks. Silver is a single metal. If all else is equal, more diversification mea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: MasterCard won't disclose who leaked my credit card details ### Answer: File a John Doe lawsuit, "plaintiff to be determined", and then subpoena the relevant information from Mastercard. John Doe doe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what damage amount should I pursue a homeowner's insurance claim? ### Answer: Some builders -- if given the first chance to deal with the problem, instead of being presented with a bill after the f...