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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If someone gives me cash legally, can my deposit trigger an audit for them? ### Answer: Am I right to worry about both of these? Of course. Who carries $75K in cash for no good reason? Your friend got...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investor returns from crowdfunding ### Answer: Crowdfunding can be a legitimate means of funding very small startups. It is an innovative, but obviously risky, method of raising small amounts of money...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens if I just don't pay my student loans? ### Answer: Let me give you some advice from someone who has experience at both ends - had student loan issues myself and parents ran financial aid d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do some people say a house “not an investment”? ### Answer: With an investment, you tend to buy it for a very specific purpose, namely to make you some money. Either via appreciation (ie, it hopef...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off my 50K of student loans as quickly as possible, or steadily? Why? ### Answer: The definitive answer is: It Depends. What are your goals? First and foremost, you need to have at least ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Business Investment Loss from prior year ### Answer: You need to give specific dates! In the United States, you have three years to file an amended tax return. https://www.irs.gov/uac/Newsroom/Ten-Fac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why might it be advisable to keep student debt vs. paying it off quickly? ### Answer: A Tweep friend asked me a similar question. In her case it was in the larger context of a marriage and house purch...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Withdrawing cash from investment: take money from underperforming fund? ### Answer: I think the advice Bob is being given is good. Bob shouldn't sell his investments just because their price has gone ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Looking for advice on rental property ### Answer: You say that one property is 65% of the value of the two properties and the other is 35%. But how much of that do the two of you actually own? If yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Effect of company issued options on share price ### Answer: A company has 100,000 shares and 100,000 unexercised call options (company issued). Share price and strike price both at $1. What country is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: “Correct” answer on Visa credit quiz doesn't make sense ### Answer: I agree with you. The quiz was looking at it differently, as if you had a huge card balance and were making minimum payments. The f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How many stocks will I own in n years if I reinvest my dividends? ### Answer: Your example shows a 4% dividend. If we assume the stock continues to yield 4%, the math drops to something simple. Rule ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Real estate loans for repairs ### Answer: If you intend to flip this property, you might consider either a construction loan or private money. A construction loan allows you to borrow from a bank agai...
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: Credit card fraud protection (by law), credit card cash back programs (provided by most CC issuers), and debit card fees (commonly imposed by the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I increase my hourly pay as a software developer? ### Answer: It's a tough thing to do. You should look for a salaried position. Your freelance skills will be much better received, if you've...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Common practice for start/end date of balance sheet ### Answer: One's paycheck typically has a YTD (year to date) number that will end on the latest check of the year. I am paid bi-weekly, and my firs...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is socialtrend.com or/and feelthetrend.com legitimate? ### Answer: It's called a "Pyramid scheme". Its illegal in almost every country of the Western world. You're not going to earn lifetime income, o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good idea to teach children that work is linearly related to income? ### Answer: As a parent I think you absolutely have to teach them that income is related to work because (for most people a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a CEO short his own company? ### Answer: That would be the ultimate in insider trading. They made a stock transaction knowing in advance what was going to happen to the share price. They could eas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the cost of “free” trades? ### Answer: In the case of Wells Fargo, I believe that free trading is linked to your overall banking relationship with the firm. So if you have a checking account w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What prices are compared to decide a security is over-valued, fairly valued or under-valued? ### Answer: I was wondering how "future cash flows of the asset" are predicted? Are they also predicted usi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Saving $1,000+ per month…what should I do with it? ### Answer: I like the other answers. But, here's one thing that concerns me that hasn't specifically been addressed yet: You mentioned your student...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: value of guaranteeing a business loan ### Answer: You should ask the bank supplying the SBA loan about the % of ownership that is required to personally guarantee the loan. Different banks give differ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: investing - where to trade online? (Greek citizen) ### Answer: You will likely need to open an account in another EU country, like a broker operating out of France, Britain or Germany, to get the best...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using GnuCash for accurate cost basis calculation for foreign investments (CAD primary currency) ### Answer: You would need to use Trading Accounts. You can enable this, File->Properties->Account sett...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Possible replacement for Quicken ### Answer: Do you use any other online features of Quicken? How many unique ticker symbols do you have? How often do you really need to update the prices? You can ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I received $1000 and was asked to send it back. How was this scam meant to work? ### Answer: OK, there is no way in hell that a stranger should have your contact details. there is no way in hell that...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the benefits of investing in alternative investments? ### Answer: Pros: Why Invest in Alternative Assets Almost every financial advisor will give you the same investment advice: investing in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock has only buyers and no sellers how does its price go up? ### Answer: You can, in theory, have the stock price go up without any trading actually occurring. It depends on how the price is qu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What types of careers consistently make the most money entering with no background or social skills? ### Answer: It sounds like you're massively under-selling yourself. You presumably have a degree t...
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: I bought a Thinkpad in Dec 2007 using BillMeLater, which was working with IBM/Lenovo at that time. I was gett...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Visitor Shopping in the US: Would I get tax refund? Would I have to pay anything upon departure? ### Answer: Sales tax and luxury tax is what you will have to pay tax wise, and they are non-refundable...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I stop wasting food? ### Answer: The best way to stop wasting food is to create a weekly plan. Every weekend, before making your grocery shopping, take 30-60 mins and plan (with your spouse if...
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: Ok, I think what you're really asking is "how can I benefit from a collapse in the price of gold?" :-) And that's easy. (The hard part's making...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are there many small banks and more banks in the U.S.? ### Answer: Wikipedia has a good summary: Historically, branch banking in the United States - especially interstate branch banking - was view...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In what state should I register my web-based LLC? ### Answer: In GA, LLC fees are $50 a year. Incorporating is a one time $100 fee. This information is current as of September 2013. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Clarification on 529 fund ### Answer: Yes, maybe. The 529 is pretty cool in that you can open an account for yourself, and change the beneficiary as you wish, or not. In theory, one can start a 529 f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Online service that computes implied volatility ### Answer: remember that IV is literally the volatility that would be present to equate to the latest price of a particular option contract, assuming t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a 'saver' maintain or increase wealth in low interest rate economy? ### Answer: I think this is a good question with no single right answer. For a conservative investor, possible responses to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are car buying services worth it? ### Answer: I have used car buying services through Costco and USAA. Twice with a Ford, and once with a Honda. In all instances I was directed to sales people that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What options are available for a home loan with poor credit but a good rental history? ### Answer: Take the long term view. Build up the cash. Once you have enough cash in the bank, you don't need a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Returning to the UK after working in Switzerland, What to do with my Swiss Francs? ### Answer: If you "have no immediate plans for the money and will probably not return to Switzerland for a long time...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the opposite of a hedge? ### Answer: There is no opposite of a hedge, except not having a hedge at all. A "hedge" isn't directional. If you are short, you hedge by having something that minimi...
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: It's difficult to compile free information because the large providers are not yet perm...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Retirement Options for Income ### Answer: I can think of one major income source you didn't mention, dividends. Rather than withdrawing from your pension pot, you can roll it over to a SIPP, invest i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Passive vs. active investing past performance comparison/data? ### Answer: The Telegraph had an interesting article recently going back 30 years for Mutual's in the UK that had beaten the market and t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Auto insurance on new car ### Answer: $600 a month is high, but may be the best you can do. When I moved from UK to Canada my first insurance quote was $3000 a year, but that was 20 years ago and I wa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm 23 and was given $50k. What should I do? ### Answer: The best option for maximizing your money long-term is to contribute to the 401(k) offered by your employer. If you park your inheritance in a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sell your home and invest in growth stock mutual fund ### Answer: It wouldn't surprise me to see a country's return to show Inflation + 2-4%, on average. The members of this board are from all over th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is auto insurance ridiculously overpriced for those who drive few miles? ### Answer: because it cost the insurer more, obviously. while this sounds snarky, it's important to realize that actual in...
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: What does it mean in terms of share price? Should the share price increase by 15 cents? No, but you're on the righ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the tax treatment of scrip dividends in the UK? ### Answer: The HMRC website would explain it better to you. There is a lot of factors and conditions involved, so refer to the HMRC website for...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do financial services aimed at women differ from conventional services? ### Answer: It is just marketing and market segmentation. We could all shop at WalMart, but some people prefer wider aisles...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is a stock that pays a dividend preferrable to one that doesn't? ### Answer: One reason to prefer a dividend-paying stock is when you don't plan to reinvest the dividends. For example, if you're ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I charge my children interest when they borrow money? ### Answer: Going from personal experience, my parents let my brother and me borrow money from them all the time. However there was always ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When does it make financial sense to take advantage of employer's tuition reimbursement program? ### Answer: If you have decided to do the degree, and are simply deciding whether to accept employer fu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I decide whether do a masters even if I have go into debt after doing it? ### Answer: What should I do? Weigh your options and decide which education investment lines up better with your goals...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How smart is it to really be 100% debt free? ### Answer: As others mentioned, the only clear reason to remain in debt is if you can find an investment that yields more than what you're paying to maint...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who can truly afford luxury cars? ### Answer: Keep in mind your household income is in the top 20%, which does not translate to wealth. Given a healthy income, and no debt, other then a small house pa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to make an investment in a single company's stock while remaining market-neutral? ### Answer: You can employ a hedging strategy using short selling, put options, or other methods that will partial...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it true that more than 99% of active traders cannot beat the index? ### Answer: What decision are you trying to make? Are you interested day trading stocks to make it rich? Or are you looking at y...
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: Yes, you could sell what you have and bet against others that the stock price will continu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 1099-MISC vs K-1 — duplicated numbers? ### Answer: Well, you won't be double taxed based on what you described. Partners are taxed on income, typically distributions. Your gain in the partnership is n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: $700 guaranteed to not be touched for 15 years+, should I put it anywhere other than a savings account? ### Answer: (Since you used the dollar sign without any qualification, I assume you're in the Un...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some well known or well regarded arguments against investing? ### Answer: I think you're confusing risk analysis (that is what you quoted as "Taleb Distribution") with arguments against takin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What options do I have at 26 years old, with 1.2 million USD? ### Answer: Former financial analyst here, happy to help you. First off, you are right to not be entirely trusting of advisors and attorne...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is tax loss harvesting helpful for passive investing? ### Answer: The harvested losses are capital losses. See this IRS page: Generally, realized capital losses are first offset against realized ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the best application, software or tool that can be used to track time? ### Answer: A free solution that I've been using is Task Coach. It has tasks, subtasks, categories, and all the stuff you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If one owns 75% of company shares, does that mean that he would have to take upon himself 75% of the company's expenses? ### Answer: You can look at the company separately from the ownership. The comp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Company asking for card details to refund over email ### Answer: Definitely push for a check, they may not do anything nefarious with your credit card number however someone else may be able to read t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock doesn't pay dividends, then why is the stock worth anything? ### Answer: Remember that long term appreciation has tax advantages over short-term dividends. If you buy shares of a company, n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does one value Facebook stock as a potential investment? ### Answer: To know if a stock is undervalued is not something that can be easily assessed (else, everybody would know which stock is under...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should withheld income tax be included as income? ### Answer: Does it make sense to report withheld tax income as an additional income? Is it required by the IRS? Is $T deductible? This is what is c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Long(100%)-Short(-100%) investment explanation ### Answer: When portfolio positions are reported in percentages, those percentages are relative to the portfolio's base equity. When you start out, tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How long should I keep my bills? ### Answer: Consumerist posted a list of how long to keep bills. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: buying a stock while the price is going down, and buy it at a lower price ### Answer: If you bought them, you can sell them. That does not preclude you from buying again later. You might get yourself...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: New car cash vs finance ### Answer: Yes, maybe. Sometimes the mother company (that makes the car) covers a bit of the loss that comes from the super-offer loan, so the dealer loses a bit less. But gen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do gas stations charge different amounts in the same local area? ### Answer: One factor I haven't seen mentioned is volume. Suppliers will charge a slightly lower price to the station if they buy...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When a company liquidates, are earlier investors paid back first? ### Answer: Assuming no debt, as you've specified in the comments to your question, the assets should generally be distributed proport...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy a house with a friend? ### Answer: I'd be curious to compare current rent with what your overhead would be with a house. Most single people would view your current arrangement as ideal. W...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I sell my stocks to put a down payment on a house before it becomes a long term investment? ### Answer: In the United States Short-term capital gains are taxed at rates similar to regular incom...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Typical discount for cash purchase on $1+ million homes? ### Answer: I don't have a solid data-backed answer, but this is too lengthy for a comment. I've read that on average, about 1-2% is what you c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Equity market inflow meaning ### Answer: Inflows to the US equity market can come from a variety of sources; for instance: You were paid a year-end bonus and decided to invest it in US equities instea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Refinance when going to sell? ### Answer: In the first years of a loan, most of what you're paying is interest, so my guess is that this is a bad idea. But there are lots of mortgage calculators offer...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using business check to pay at retail ### Answer: You can just buy the items personally and then submit an expense report to the company to get reimbursed. Keep all the receipts. Paying with a company...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I cover a short sale with the stock I already own? ### Answer: Yes, you call the broker and tell him to use those shares to deliver to the short position. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I lookup the business associated with a FEIN? ### Answer: If it is Texas company, you can try doing a taxable entity search on the Texas Comptroller website. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do with a 50K inheritance [duplicate] ### Answer: The basic optimization rule on distributing windfalls toward debt is to pay off the highest interest rate debt first putting any extra money i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: RSU Tax Implications of 83(b) Election ### Answer: I can make that election to pay taxes now (even though they aren't vested) based on the dollar value at the time they are granted? That is correct. Y...
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: It's important to distinguish between speculation and investing. Buying something because you hope to make money on market flu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with my money? ### Answer: Edit: I a in the United States, seek advice from someone who is also in Australia. I am getting about 5.5% per year by investing in a fund (ticker:PGF) tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are online mortgage lenders as good as local brick-and-mortar ones? ### Answer: At least five of my co-workers are currently re-financing through Amerisave. Four have had a wonderful experience. The...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are interest rates on saving accounts so low in USA and Europe? ### Answer: Banks in general will keep saving rates as low as possible especially if there is a surplus of funds or alternative acce...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I live in a state for tax purposes if my permanent home is in another state? ### Answer: You're most likely required to file in both for 2013 - since you've lived in both. From 2014 and on you're d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the next step to collect money after a judgment has been ignored? ### Answer: According to LegalZoom: If your debtor is unwilling to pay and you know they have the means, it's time to use y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal if I'm managing my family's entire wealth? ### Answer: All the other answers posted thus far discuss matters from the perspective of US tax laws and are unanimous in declaring that what th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I diversify investments across currencies in ISA? ### Answer: You have to check if the investment vehicle you are planning to buy is acceptable for ISA on a case by case. Then if it is allowed...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does leverage work? ### Answer: For sake of simplicity, say the Euro is trading at $1.25. You have leveraged control of $100,000 given the 100x leverage. If you are bullish on the Euro, you are lo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I send money to someone on student visa in USA, will he need to pay taxes on that? ### Answer: First: I am not a tax lawyer. This is just an educated opinion; not a legally verified answer. Taxes a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay index fund expense ratios with cash instead of fund balance ### Answer: The mutual fund is legally its own company that you're investing in, with its own expenses. Mutual fund expense ratios are a...