Datasets:
circircircle
/
FinQA

Dataset card Data Studio Files
xet
 Community
text
stringlengths
146
45.7k
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are some long term investors so concerned about their entry price? ### Answer: If you think of it in terms of trying to get an annual return on your investment over the long haul, you can do a sim...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can paying down a mortgage be considered an “investment”? ### Answer: Paying down your mortgage saves lots of interest. With a long term mortgage you end up paying twice us much to the bank than the s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to manage paying expenses when moving to a weekly pay schedule and with a pay increase? ### Answer: Unlike other responses, I am also not good with money. Actually, I understand personal finance ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why should I trust investment banks' ratings? ### Answer: Investment banks will put out various reports and collect revenues from that along with their banking activity. I don't read them or care to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Company revenue increased however stock price did not ### Answer: looking over some historical data I cannot really a find a case where a stock went from $0.0005 to $1 it almost seem that once a stock...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Suitable Vanguard funds for a short-term goal (1-2 years) ### Answer: If you are younger, and you not under undue pressure to buy a home at any particular time, investing in the market is a reasonable...
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: Personal story here: I ended up at the Santa Monica hospital without insurance and left with a bill of $30k-$35k. They really helped me, so...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why buy insurance? ### Answer: People's value of money is not always linear. Consider an individual with $1000 in the bank. I'm going to look at amounts of debt by orders of magnitude: Now its prett...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Risks associated with investing in dividend paying stocks for short term income. Alternatives? ### Answer: Usually when a company is performing well both its share price and its dividends will increas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I invest my money in an ISA or Government bonds? (Or any other suggestion) ### Answer: I recommend investing in precious metals like gold, considering the economic cycle we're in now. Governmen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I buy and sell the same stock on the same day? ### Answer: you need minimum of 25k otherwise youll reach a limit. you have to wait 3 days for the sale to clear unless youre on margin. dont buy...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If something is coming into my account will it be debit or credit in my account? ### Answer: The bank "credit's" your account for money coming into it. In double entry accounting, you always have a de...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I write off time I spent working on my business? ### Answer: To expand a little on what littleadv said, you can only deduct what something cost you. Even if you had done volunteer work for a chari...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Am I still building a credit score if I use my credit card like a debit card? ### Answer: I always hesitate to provide an answer to "how does this affect my credit score?" questions, because the credi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: what are the benefits of setting up an education trust fund for children? ### Answer: Well, first off, if your children are NZ citizens, they can borrow money at 0% interest for tertiary education and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros/cons of borrowing money using a mortgage loan and investing it in a low-fee index fund? ### Answer: Risk. That's it. No guarantees on the fund performance, while the mortgage has a guaranteed r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to help a financially self destructive person? ### Answer: Wow. Just ... wow. We all must start where we are, I guess. The past is the past. There almost certainly isn't a cheap way to fix this....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If stock price drops by the amount of dividend paid, what is the use of a dividend ### Answer: You buy stocks for dividends over the long term. If a share of stock pays $1.00 in dividends every quart...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which practice to keep finances after getting married: joint, or separate? ### Answer: I personally think that you should do whatever you believe works best. I am not married but when I get married I ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does stock dilution work in relation to share volume? ### Answer: The reason a company creates more stock is to generate more capital so that this can be utilized and more returns can be generated...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay off car loan entirely or leave $1 until the end of the loan period? ### Answer: There's two scenarios: the loan accrues interest on the remaining balance, or the total interest was computed ahead ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why should one only contribute up to the employer's match in a 401(k)? ### Answer: In addition to George Marian's excellent advice, I'll add that if you're hitting the limits on IRA contributions, the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Replacement for mint.com with a public API? ### Answer: Yodlee's Moneycenter is the system that powered Mint.com before Intuit bought them. It works great for managing accounts in a similar fashion t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to invest Rs.10k in India ### Answer: Rs 10,000 is a small but good amount to begin with. I would suggest you start by investing in some good mutual funds. Do some research, a balance mutual fund ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the profit of a company directly affect its stock or indirectly by causing people to buy or sell? ### Answer: Yes, the price of a stock is what investors think the value of a stock is, which is n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it true that Income Tax was created to finance troops for World War I? ### Answer: Canada did not introduce income taxes before World War I. Specifically deficits forced them to in the later part ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will getting a second credit card help my credit rating? ### Answer: This very much depends how you use that second line of credit and what your current credit is. There are of course many more combin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ways to avoid being labeled a pattern day trader ### Answer: FINRA Description of Day Trading rules The rules adopt a new term "pattern day trader," which includes any margin customer that day trade...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I carelessly invested in a stock on a spike near the peak price. How can I salvage my investment? ### Answer: If you're asking this question, you probably aren't ready to be buying individual stock sh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Not paying cash for a house ### Answer: The common opinion is an oversimplification at best. The problem with buying a house using cash is that it may leave you cash-poor, forcing you to take out a ho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit card grace period for pay, wait 1 day, charge? ### Answer: You shouldn't be charged interest, unless possibly because your purchases involve a currency conversion. I've made normal purchases th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is title insurance, and should I get title insurance for my home? ### Answer: Here is a pretty exhaustive article on that question. Long story short, it is an insurance policy against the possibi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I Accept Gold? ### Answer: Yes. "There is, ...no Federal statute mandating that a private business, a person or an organization must accept currency or coins as for payment for goods and/or servic...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Effect of Quantitative Easing on Price of Bonds ### Answer: QE is artificial demand for bonds, but as always when there are more buyers than sellers the price of anything goes up. When QE ends the pri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What types of investments can I make to generate a steady income stream? ### Answer: Passive income is money you can earn without too much ongoing effort. After you identify and establish a stream of ...
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: Otto, I totally agree with you. That feature would be awesome addition to mint. Have you thought of adding Custom tag call...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where or how can I model historical market purchases ### Answer: Robert Shiller has an on-line page with links to download some historical data that may be what you want here. Center for the Research ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do Dealers/Brokers hold Inventory in Stocks? ### Answer: The difficulty is that you are thinking of a day as a natural unit of time. For some securities the inventory decisions are less than a mi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: W8-BEN for an Indian Citizen ### Answer: For filling out the W8-BEN form, please refer to the instructions in the document named: Instructions for Form W-8BEN Certificate of Foreign Status of Benefic...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should market based health insurance premiums be factored into 6 months emergency fund savings? ### Answer: Yes, you should budget some amount of your emergency fund for healthcare expenses. How much...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best way for for soon to turn 18 to learn about money? ### Answer: Excellent questions! Asking such questions indicates something special about yourself. The desire to learn and adjust your beliefs ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Cannot get a mortgage because I work through a recruiter ### Answer: As a follow-up, I was able to find a bank that gave me a loan. I just called several banks listed on Yelp, and one ended up working...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I sell my stocks to reduce my debt? ### Answer: I'd get rid of the debt with the stock money. Stocks are at a high for the year. Get out while the getting's good and get your financial house ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the meaning of the net worth of a person? ### Answer: An individual's net worth is the value of the person's assets minus his debt. To find your net worth, add up the value of everything that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: TD Webbroker.ca did not execute my limit sell order even though my stock went .02 over limit ### Answer: What happened here is pretty obvious: You were trying to sell 2000 shares and apparently didn't...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Single employee - paying for health insurance premiums with pre-tax money ### Answer: The answer likely depends a bit on which state you are in, but this should be true for most states. I don't know ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can GoogleFinance access total return data? ### Answer: At this time, Google Finance doesn't support historical return or dividend data, only share prices. The attributes for mutual funds such as ret...
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: I'm not sure that OP was asking if he/she personally should have more available credit, so I will answer the other interpretation: sh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are COBRA premiums deductible when self-employed? ### Answer: When you take the self employed health care deduction on on Line 29 of form 1040 for 2010 it also will lower your self employment tax. Se...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is this formula accurate for weighing the difference between an S-Corp and LLC? ### Answer: FICA/SE taxes are not 30%. They are at most ~15%, including the employer portion. Employer also pays FUTA ta...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does an x% inflation rate actually mean? ### Answer: Inflation is a reflection on the expansion of the money supply, aka debt, being created by a central bank. Fiat currencies usually inflate, b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the catch in investing in real estate for rent? ### Answer: The other thing to remember is seasonality. Just because monthly rent is $900/month doesn't guarantee that you'll bring in $900/mont...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How meaningful is the “stock price” of a stock? ### Answer: Prices quoted are primarily the offer prices quoted by the numerous market makers on the stock exchange(s) willing to sell you the stock. Th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When is the best time to put a large amount of assets in the stock market? ### Answer: It's a tricky question w/out more context. If your only options are between stock/funds and letting it sit (i.e. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are the banks and their customers in the United States still using checks? [duplicate] ### Answer: In a system where electronic payment is well developed you can consider the following 2 scenarios...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First Time Home Buyers - Down Payment, PMI and Points ### Answer: 1 - For FHA loans PMI is required for mortages where there is not at least 20% equity. Bank Financed Non-FHA loans may have other sta...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax considerations for selling a property below appraised value to family? ### Answer: Is this legal? Why not? But you might have trouble deducting losses on your taxes, especially if you sell to some...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I sell my ESPP in a different order than I acquired it, to avoid paying too much tax on profits? ### Answer: That's up to you. If you instruct your broker to sell shares purchased in specific lots...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I give to charity by check or credit card? ### Answer: This might be blasphemy in the context of an audience that may be most focused on the gift itself, but you should be donating in a manner ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to report “foreign tax paid” from 1099-DIV? ### Answer: You can always take deduction for foreign tax paid on Schedule A, or calculate foreign tax credit using form 1116. Credit is usually more be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the Yale/Swenson Asset Allocation Too Conservative for a 20 Something? ### Answer: I don't think the advice to take lots more risk when young makes so much sense. The additional returns from loadin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Someone asks you to co-sign a loan. How to reject & say “no” nicely or politely? ### Answer: Simple and straight-forward. "I'm sorry but I don't co-sign loans. I've heard horror stories (or had bad ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can one graph portfolio performance over time? ### Answer: I use Yahoo Finance to plot my portfolio value over time. Yahoo Finance uses SigFig to link accounts (I've linked to Fidelity), which t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it wise to invest small amounts of money short-term? ### Answer: You can expect about a 7% return when investing in the general market if your horizon is ten years or more. The market fluctuates, w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there capital gains taxes or dividend taxes if I invest in the U.S. stock market from outside of the country? ### Answer: Found a great article (with bibliography) that covers taxation on investme...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should one structure a portfolio given the possibility that a Total Stock Market Index might decline and not recover for a long time? ### Answer: John Bogle never said only buy the S&P 500 or any ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the highest expense ratio that one should pay for a domestic equity fund? ### Answer: I'd say three-quarters of 1 percent maybe. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For an international fund? ### Answer: I'd say three-quarters of 1 percent. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For a bond fund? ### Answer: One-half of 1 percent. But I'd shave that a little bit. For example, if you can buy a no-load bond fund or a no-load stock fund, you can afford a little more expense r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shorting Stocks And Margin Account Minimum ### Answer: And what exactly do I profit from the short? I understand it is the difference in the value of the stock. So if my initial investment was $4000 (...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 22-year-old inherited 30k from 529 payout - what is the best way to invest? ### Answer: First, I applaud you for caring. Most people don't! In fact, I was in that category. You bring up several is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which is better when working as a contractor, 1099 or incorporating? ### Answer: There is some benefit to creating a corporation or LLC -- you theoretically have a liability shield. As Michael Pryor p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I calculate stock value with Williams%R if I know the last set? ### Answer: William %R is a momentum indicator used for measuring overbought and oversold levels, it is not used to predict the pric...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: financial institution wants share member break down for single member LLC ### Answer: What exactly would the financial institution need to see to make them comfortable with these regulations The LLC...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is there so much interest on home loans? ### Answer: APR stands for "annual percentage rate." This means when you see a loan with a 6% rate, it is 6% per year. On a $100,000 mortgage, where you a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The doctor didn't charge the health insurance in time, am I liable? ### Answer: I work for a health billing company. It is completely the provider's responsibility to bill your health insurance in a t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How quickly does short float ratio/percent change? ### Answer: The short float ratio and percent change are all calculated based on the short interest (the total number of shares shorted). The short ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to shop for mortgage rates ? ### Answer: I asked my realtor, but she recommends to go with just one banker (her friend), and not to do any rate shopping. You need a new realtor. Anyone who would...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can my spouse be the primary signer on my car's loan? ### Answer: If your spouse wishes to buy a car and finance it with a car loan, they are free to do so. Once they have bought a car, they are free ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why ever use a market order? ### Answer: What you are saying is a very valid concern. After the flash crash many institutions in the US replaced "true market orders" (where tag 40=1 and has no price)...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the cause of sudden price spikes in the FOREX market? ### Answer: If you do not understand the volatility of the fx market, you need to stop trading it, immediately. There are many reasons tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Higher returns from international markets? ### Answer: Tricky question, basically, you just want to first spread risk around, and then seek abnormal returns after you understand what portions of your ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Help! I've cancelled their service, but this company continues to bill my credit card an annual fee. What can I do? ### Answer: Short of canceling the card, you could just report the card as lost and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Asset allocation when retirement is already secure ### Answer: As others are saying, you want to be a bit wary of completely counting on a defined benefit pension plan to be fulfilling exactly the sam...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where does the stock go in a collapse? ### Answer: Just before a crash or at the start of the crash most of the smart money would have gotten out, the remaining technical traders would be out by the t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Market index analysis and techniques ### Answer: Volume and prices are affected together by how folks feel about the stock; there is no direct relationship between them. There are no simple analysis t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When would one actually want to use a market order instead of a limit order? ### Answer: Firstly what are you trading that you could lose more than you put in? If you are simply trading stocks you wil...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Good yield vs. safer route (Checking vs. Savings) ### Answer: In the US bank or credit union checking, savings, CD's are insured through FDIC or NCUA. The coverage is for $250,000. This limit can be i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: UK Online Stock Tradiing for Beginner and Small Amounts? ### Answer: Try something like this: http://www.halifax.co.uk/sharedealing/our-accounts/fantasy-trader/ Virtual or fantasy trading is a great w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Preferred vs Common Shares in Private Corporation ### Answer: Preferred dividends and common dividends are completely separate transactions. There's not a single "dividend" payment that is split betw...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Considerations for holding short-term reserves? ### Answer: It is a dangerous policy not to have a balance across the terms of assets. Short term reserves should remain in short term investments becau...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the p/e ratio? ### Answer: The PE ratio stands for the Price-Earnings ratio. The price-earnings ratio is a straightforward formula: Share Price divided by earnings per share. Earnings per shar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If gold's price implodes then what goes up? ### Answer: It's not clear that anything needs to go up if gold goes down. In a bubble, asset prices can just collapse, without some other asset increasing ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to transform dividends into capital gains? ### Answer: Some investment trusts have "zero dividend preference shares" which deliver all their gains as capital gains rather than income, even if the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I finance a new home theater at 0% even though I have the cash for it? ### Answer: If you do it, be sure to read what you sign. They'll sign you up on some type of "credit insurance" and not te...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay more than 20% down on a home? ### Answer: First of all, realize that buying a home isn't really an investment. It is cheaper to rent. In recent years, people were able to sell their hou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I handle fund minimums as a beginning investor? ### Answer: Buy the minimum of one fund now. (Eg total bond market) Buy the minimum of the next fund next time you have $2500. (Eg large-cap stoc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Allocating IRA money, clarification needed ### Answer: You're saying that you're thinking of keeping 35% in cash? If you expect the market to plummet in the next few months and then head up again, thi...
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: What you have here is an interesting argument. Right now, this is totally complicated by the state of "forced insurance" that is currently ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens when a (Internation) Central securities depository goes bankrupt? ### Answer: There is no generic answer and it would depend on case to case basis. CSD are built on strong foundation in ...