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FinQA

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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to spend more? (AKA, how to avoid being a miser) ### Answer: Ultimately, money derives its value from being spend on a good or service. Investing it is an act of denying your present-self a good o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to influence a company's actions by buying stock? ### Answer: Yes and no. This really should be taught at junior school level in a capitalist country but that is a different argument. A...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why invest for the long-term rather than buy and sell for quick, big gains? ### Answer: If they return to their earlier prices Assuming I don't make too many poor choices That's your problem right the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do market shares exhaust? ### Answer: Everyone has a price. If nobody is selling shares, then increase the price you will buy them for. And then wait. Somebody will have some hospital bills to pay for...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What effect will the financial reform bill have on everyday Americans? ### Answer: The Wall Street Journal says in its "For Consumers" section of its infographic: There's also some new agencies (inclu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Invest in (say, index funds) vs spending all money on home? ### Answer: Rules of thumb? Sure - Put down 20% to pay no PMI. The mortgage payment (including property tax) should be no more than 28% of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should a 21 year old do with £60,000 ($91,356 USD) inheritance? ### Answer: It's important to consider your Investor Profile when deciding the right kind of vehicle for your finances. You are a y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there ACH analogue in Asia? ### Answer: ACH as offered in US is a very broad and versatile network used for a range of business case. There is no other network as versatile. In Europe UK has BACS a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much life insurance do I need? ### Answer: One simple calculation to determine your life insurance need: D.I.M.E. method D: Debt All your car loan balances, credit card balances, student loans, bu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I sell my home with owner financing when I still have an FHA loan? (and should I?) ### Answer: You have to pay off the balance on the loan first. Also, FHA loans are not supposed to be used for re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If Bernie Madoff had invested in Berkshire Hathaway, would the ponzi actually have succeeded? ### Answer: I could be wrong, but I doubt that Bernie started out with any intention of defrauding anyone,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I make partial pre-payments on an actuarial loan? ### Answer: The contract is not very clear. As much as I can understand it will still help if you make part prepayments. In an Rule 78 or Actua...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do the nasdaq small cap stocks or penny stocks get promoted? ### Answer: Promotion of any stock should be treated with extreme suspicion, since the purpose is generally to make money for the promoter,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are lottery tickets ever a wise investment provided the jackpot is large enough? ### Answer: Gambling is never a wise investment. Even assuming that the stated odds are correct, there can be multiple ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Risk of buying stock ### Answer: If you buy stock in established companies, it is vey unlikely that they will lose all their value. Spreading your money across multiple stocks -- diversifying -- reduc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is a “long put” called long if you have a higher net position if the price decreases? ### Answer: Long here does not mean you wish for the underlying stock to increase in value, in fact, as the ch...
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: If credit scoring works in the UK like it does in the US, then I think the fact that you own+use a credit card and pay o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a good rule of thumb for how much I should have set aside as emergency cash? ### Answer: Between 6 months and a year is normally regarded as the "standard". Plan out what your monthly expens...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does “profits to the shareholders jumped to 15 cents a share” mean? ### Answer: It's a way to help normalize the meaning of the earnings report. Some companies like Google have a small number of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sanity check on choosing the term for a mortgage refinance ### Answer: If the best they can do is 1/8th of a percent for a 15 year term, you are best served by taking the 30 year term. Pay it down soo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I adjust to a new social class? ### Answer: And specifically regarding prices of housing, what factors drive prices in that regard? I mean, the houses are roughly the same... but almost 3 times...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First job: Renting vs get my parents to buy me a house ### Answer: Seriously. I can't tell you how many times I hear this scenario: Kid graduates college; kid runs out and signs lease on apartment "b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Differences in conditions on shares to private vs. public shareholders? ### Answer: Shares sold to private investors are sold using private contracts and do not adhere to the same level of strict regu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would anyone want to pay off their debts in a way other than “highest interest” first? ### Answer: It is true that all else being equal, you will pay a lower amount of total interest by paying dow...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I might use a credit card convenience check. What should I consider? ### Answer: I tried this a few months ago when I got one from Chase for 0%. Thought it might be fun to play with, maybe make some ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing using leverage ### Answer: Let's do a real example of leverage on the SPY. Imagine you have $20K today and plan on having $100K by JAN 2018. You could get 100 shares of SPY and ride it out....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the best way to make money from a market correction? ### Answer: Depends on how long you're willing to invest for. Broadly speaking, the best (by which I mean, more reliably repeatable) way to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: PayPal wants me to “add a bank account”, another funding source. Credit card isn't working. Why? ### Answer: I'm guessing that you've reached the value limit of a payment that can be made without link...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Acquiring first office clothes ### Answer: Like the other answers, I'm not entirely sure the equivalent exists in your country. But in the US there are thrift stores run by charities like GoodWill or ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Super-generic mutual fund type ### Answer: Congrats on having such a nice emergency fund. That's pretty substantial. I don't want to be the one to suggest the One Investment To Rule Them All because ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock market vs. baseball card trading analogy ### Answer: Baseball cards don't pay dividends. But many profitable companies do just that, and those that don't could, some day. Profits & dividends is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Micro-investing: How to effectively invest frequent small amounts of money in equities? ### Answer: Compound interest is your friend. For such a low amount of cash, just pop it into savings accounts o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Free service for automatic email stock alert when target price is met? ### Answer: You can do it graphically at zignals.com and freestockcharts.com. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate lump sum required to generate desired monthly income? ### Answer: The product you seek is called a fixed immediate annuity. You also want to be clear it's inflation adjusted. In the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much should a new graduate with new job put towards a car? ### Answer: So many answers here are missing the mark. I have a $100k mortgage--because that isn't paid off, I can't buy a car? That's ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much is university projected to cost in Canada in 18 years? ### Answer: For a Canadian university education, an October 2009 article at Canada.com says: [...] The study estimates the total price t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the tax implications on selling the Share ISA portfolio? ### Answer: Assets held within an ISA or New ISA are completely free of CGT, so you won't have to pay either income tax or capital gai...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is it possible to just take out a ton of credit cards, max them out and default in 7 years? ### Answer: Well, primarily because that's fraud and fraud prevents a debtor from receiving a discharge ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Formula that predicts whether one is better off investing or paying down debt ### Answer: The formula you are looking for is pretty complicated. It's given here: http://itl.nist.gov/div898/handbook/ed...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to protect a Stock you still want to own from a downturn? ### Answer: If you really believe in the particular stocks, then don't worry about their daily price. Overall if the company is sound, an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do only a handful of Canadian companies have options trading on their stocks? ### Answer: Corporations are removed from the options markets. They can neither permit nor forbid others from trading...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can cold-callers know about my general financial status ### Answer: The cold caller is just a different way to contact you compared to the junk mail that they send. The business gets information ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are my options to deal with Student Loan debt collectors? ### Answer: I had about $16k in student loans. I defaulted on the loans, and they got > passed to a collection type agency (OSCEOLA). T...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why buy insurance? ### Answer: Lots of people make poor decisions in crises. Some panic, and don't make any decision at all. Insurance for affordable things can provide emotional security: If someth...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where should I invest to hedge against the stock market going down? ### Answer: If you believe the stock market will be down 20-30% in the next few months, sell your stock holdings, buy a protective p...
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: If you want to maximize your expected benefits, at minimal risk of financial repercussions or sleepless nights, I w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Taxation of shares ### Answer: If you sell your shares for more than their value at the time you received them (i.e. you make a profit) then you will be liable for capital gains tax - but only if the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tracking my spending, and incoming and outgoing (i.e cashflow) ### Answer: Systems to research that may help you out: Less Accounting and Wave are great because they can import data from banks / credi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Avoiding sin stock: does it make a difference? ### Answer: This question drives at what value a shareholder actually provides to a corporation, and by extent, to the economy. If you subscribe for new ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I make money in the stock market from other people losing money? ### Answer: The answer is partly and sometimes, but you cannot know when or how. Most clearly, you do not take somebody else's money...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is this follow-up after a car crash a potential scam? ### Answer: Do not give them any money until you have a signed contract that releases your liability completely. It's imperative that this contrac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is engaging in stocks without researching unwise? ### Answer: Stock recommendations and price history are an unwise way to invest. People that recommend stocks are usually compensation for recommendin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Finding a good small business CPA? ### Answer: Check your local better business bureau. They can tell you who is in business, who's bonded, and who has had a lot of complaints levied against them for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Amazon's offer of a $50 gift card a scam? ### Answer: It's not a scam. They just want you to be an Amazon customer for many years and you'll be advertising Amazon to anyone who sees your credit car...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where should I park my rainy-day / emergency fund? ### Answer: Something with an FDIC guarentee, so a bank. With an emergency fund, I think the 'return of capital' is more important than the 'return o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When is it worth it to buy dividend-bearing stocks? ### Answer: You should never invest in a stock just for the dividend. Dividends are not guaranteed. I have seen some companies that are paying close...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is Systematic about Systematic Investment Plan (SIP) and who invented it? ### Answer: Personally, I think you are approaching this from the wrong angle. You're somewhat correct in assuming that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to personal data I disclose for joining an employee stock plan? ### Answer: You aren't getting a straight answer because nobody knows why those regulations are the way they are. Everyone ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Have plenty of cash flow but bad credit ### Answer: Sign up with credit karma. It will give you two scores for free and will show you credit cards you have a good chance in being approved for. Plus ...
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: Highly Compensated Employee Rules Aim to Make 401k's Fair would be the piece that I suspect you are missing...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is losing money in my 401K normal? ### Answer: Bottom line is our system is broken. For three years running I am 0% return with over 600k in. Yet, the 401k admin institution charges us all enormous ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: One company asks for picture of my debit card ### Answer: Although it is strange, there is little risk. The first four numbers are just the card type (Visa, Master, etc.), and the last four alone don'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Am I considered in debt if I pay a mortgage? ### Answer: The statistic you cited comes from the Federal Reserve Board's Survey of Consumer Finances, a survey that they do every three years, most recen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First time homeowner and getting a mortgage? ### Answer: Make sure you shop around and ask a lot of places for a good faith estimate. Last I knew, the good faith document is the same everywhere and l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which is the most liquid market for trading? ### Answer: Depends on how you measure liquidity. There's papers out there that approach this very question. Measured in order book spreads for a consolid...
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: It depends how detailed you want to get in your calculation, but fundamentally, 1K < 25K. On a very basic level, divide the c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does UpWork allow US companies to make payments outside of the US? ### Answer: Permanent employees are the distinct opposite of contractors. Upwork can easily have business entities (limited liabi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I legally and efficiently help my girlfriend build equity by helping with a mortgage? ### Answer: I just wanted to give you a different perspective, as I own a house (purchased with a mortgage...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it true that 90% of investors lose their money? ### Answer: The article "Best Stock Fund of the Decade: CGM Focus" from the Wall Street Journal in 2009 describe the highest performing mutual fund i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: W-4 was not updated when moving from part-time to full-time, still showed Tax-Exempt. What happens now? ### Answer: Legally, do I have anything to worry about from having an incorrectly filed W-4? Wha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which types of insurances do I need to buy? ### Answer: It sounds like you're putting all your extra money into insurances because you feel that one can never have too much insurance. That's a very ba...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Frustrated Landlord ### Answer: You are not a landlord. You have choices: The current situation is charity. And that's ok, so long as you acknowledge it. In the big picture, anything less than market...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Alternatives to Intuit's PayTrust service for online bill viewing and bill payment? ### Answer: An old question... but the recent answer for me turned out to be Check (formerly Pageonce) https://check...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to prevent myself from buying things I don't want ### Answer: We all buy stuff from time to time that only satisfies us for a short time. I was able to locate a few expenses that fall under that c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Line of credit for investment ### Answer: What you are describing is called a Home Equity Line of Credit (HELOC). While the strategy you are describing is not impossible it would raise the amount of d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When do I sell a stock that I hold as a long-term position? ### Answer: For what it's worth -- and I realize this isn't directly an answer to the question -- one of the advantages of sticking with mut...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are tax deductions voluntary? ### Answer: Legally: gods know. I would strongly recommend asking the Law asre of Stack Exchange to advise on that. Practically: What's the worst that happens? They audit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do when a job offer is made but with a salary less than what was asked for? ### Answer: In my experience of doing software development for a little longer than I care to remember, salaries are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does the share price tend to fall if a company's profits decrease, yet remain positive? ### Answer: It has got to do with market perceptions and expectation and the perceived future prospects of t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I sell my stocks when the stock hits a 52-week high in order to “Buy Low, Sell High”? ### Answer: One possibility is to lock in gains by selling, where a selling price can attempt to be optimiz...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would every FX currency pair or public stock that is under the 30 level using Relative Strength Index (RSI) be an undervalued pair? ### Answer: No, and using a 37 year old formula in finance that is a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a good options strategy that has a fairly low risk? ### Answer: You may look into covered calls. In short, selling the option instead of buying it ... playing the house. One can do this on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the process to buy an old house to tear it down and create a new one? ### Answer: Thank you for your response KeithB and Ross. I was researching more about this and looks like I have to follow ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the possible metrics for evaluating annual performance of a portfolio? ### Answer: The Investopedia article you linked to is a good start. Its key takeaway is that you should always consider ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a larger down payment make an offer stronger? ### Answer: There is some element of truth to what your realtor said. The seller takes the house off the market after the offer is accepted but the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best way to stay risk neutral when buying a house with a mortgage? ### Answer: How can one offset exposure created by real-estate purchase? provides a similar discussion. Even if such a pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tracking the Madrid Interbank Offered Rate (MIBOR) and the Euro Interbank Offered Rate (EURIBOR) ### Answer: You can find both here: http://www.bde.es/tipos/tipose.htm ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: “No taxes to be paid with owning Berkshire” ### Answer: It depends on your investment profile but basically, dividends increase your taxable income. Anyone making an income will effectively get 'lower...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Given a certain yearly savings, how much can I spend on a capital improvement? NPV of future cash flow ### Answer: This investment does not have a payback period as the net present value of your inves...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tenant wants to pay rent with EFT ### Answer: Other options would be to use paypal, your tenant would only need your e-mail address. Most banks have a similar system to do a person-to-person transfers...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is day trading considered riskier than long-term trading? ### Answer: Largely, because stock markets are efficient markets, at least mostly if not entirely; while the efficient market hypothesis i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 23 and on my own, what should I be doing? ### Answer: Okay, since you work hourly there are two substantial changes you can make: 1) Move out of Astoria and closer to Jersey City, such as, to Jersey C...
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: Like anything else, the price/value of gold is driven by supply and demand. Mining adds about 2% a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When I calculate “internal rate of return (IRR)”, should I include cash balance? ### Answer: Both are correct depending on what you are really trying to evaluate. If you only want to understand how th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a stop loss order be triggered by random price? ### Answer: Typically this isn't a random order- having a small volume just means it's not showing on the chart, but it is a vlid price point. Same ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As an investing novice, what to do with my money? ### Answer: A lot of people on here will likely disagree with me and this opinion. In my opinion the answer lies in your own motives and intentions....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: After Market Price change, how can I get it at that price? ### Answer: Buying stocks is like an auction. Put in the price you want to pay and see if someone is willing to sell at that price. Thing to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to acquire assets without buying them? ### Answer: Your question seems to be premised on your personal understanding of economics, and asking that people present to you an explanation of business ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tenant wants to pay rent with EFT ### Answer: It isn't EFT, but you might mention to your tenant, that many banks offer a Bill Pay service (example) where the bank will automatically mail a check to t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Computer vendor not honoring warranty. What's the next step? ### Answer: Give him a second chance to fix it. Some computer problems are hard to nail down. THIS: So you're a tech. It's common to wo...