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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is my mother eligible for SNAP? ### Answer: If she lives by herself, my guess would be that she qualifies as a household of one. Either way, her monthly income is below the threshold, so she should be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I take a personal loan for my postgraduate studies? ### Answer: As mentioned in the comments, there are costs associated with owning & living in an apartment. First you have to pay maintenance ...
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: I have been in this situation and I essentially went for the truthful answer. I first explained that co-si...
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: If you read all that paperwork they made you fill out at the emergency room, there is probably something in there explic...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are good Monthly Income Funds? [Canada] ### Answer: @sharam - big question. I am going to answer part of it, but not as directly as you might like. You mention 4-6 cents per unit per month, but ...
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: Very smart. Let other people pay you interest. Don't pay other people interest. And, yes, I know it's possible to borrow money from one plac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculating Future Value: Initial deposit and recurring deposits of a fixed but different Value ### Answer: If I is the initial deposit, P the periodic deposit, r the rent per period, n the number of ...
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: Short-term, the game is supply/demand and how the various participants react to it at various prices. On longer term, prices s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Getting a mortgage while self-employed ### Answer: Would it be worth legitimizing his business or is it too late at this point? To be blunt, you're asking if we recommend that he stop breaking the law...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the tax implications of lending to my own LLC? ### Answer: It'll be just like any other loan you make, on your end, and receive, on your LLC's end. You pay taxes on the interest received, and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the stock market, why is the “open” price value never the same as previous day's “close”? ### Answer: A stock is only worth what someone is willing to pay for it. If it trades different values on d...
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 can. This is known as a short selling against the box. In the old days, this was used to delay a taxable event. You could ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a person with really bad credit history rent decent housing? ### Answer: She can find a landlord that doesn't do credit checks. Maybe on Craigslist? She may end up paying more, have a bigger...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't a US state default, but a EU state can? ### Answer: US or EU states are sovereigns which cannot go bankrupt. US states have defaulted in the 1840's, but in most of those cases creditors were...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I rely on my home equity to finance large home repairs? ### Answer: Personally, I'd use my emergency fund first. It is unlikely (though possible, of course) that I will entirely lose my income at ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Extended family investment or pay debt and save ### Answer: I would suggest, both as an investor and as someone who has some experience with a family-run trust (not my own), that this is probably not ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the alternatives to compound interest for a Muslim? ### Answer: I am not sure if these are available today in your country: but supposedly, back when Catholic countries similarly forbade usu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do some companies report how well their EBITDA performed even if their overall net profit did equally well? ### Answer: EBITDA is in my opinion not a useful measure for an investor looking to buy ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is not paying off mortgage better in normal circumstances? ### Answer: One way of looking at it is that your equity in your house is an investment in a particular class of asset, and investing fur...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where I can find the exact time when a certain company's stock will be available in the secondary market? ### Answer: Twitter is planning to go public on NYSE. You'll be able to start trading once the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I depreciate a car given to me? ### Answer: That seems to indicate that you can in fact depreciate a vehicle given to you? Section 1015 discusses the calculation of basis for gifted property, it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a company's assets are worth more than its market cap, can one say the shares must be undervalued? ### Answer: Look at Price/book value and there are more than a few stocks that may have a P/B unde...
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: There are a number of UK banks that offer what passes for reasonable interest on an amount of cash held in...
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: I assume you've no debt - if you do then pay that off. I'd be tempted to put the money into property. If you look at p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to borrow money to accrue interest, and then use that interest to pay back the borrower + fees? ### Answer: No. The WSJ prime rate is 4.25%, even the Fed prime rate is 1.75%, way above...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I move my money market funds into bonds? ### Answer: One thing to note before buying bond funds. The value of bonds you hold will drop when interest rates go up. Interest rates are at historica...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm only spending roughly half of what I earn; should I spend more? ### Answer: I use to think there was something wrong with me because I always hated spending money. This hatred of spending resulte...
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: I see two advantages to not paying student loan debt off more quickly: For #1, however, there are plenty of other ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Other ETFs of world bonds and stocks (Alternatives to VT and BND)? ### Answer: Here is another choice I like, iShares JPMorgan USD Emerging Markets Bond (EMB) Here is the world ETFs ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Need exit strategy for aging mother who owns aging rental properties, please ### Answer: I debated whether to put this in an answer or a comment, because I'm not sure that this can be answered usefull...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should we consider when withdrawing a large amount of money from a bank account? ### Answer: withdraw in cash - bank reports it to IRS no matter what. Would this affect my tax filing in the com...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does an index have a currency? ### Answer: There's no need for an index to have a currency as its purpose is not to act as an asset but rather to signal investors about the performance of a collection...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does short selling require borrowing? ### Answer: It's actually quite simple. You're actually confusing two concept. Which are taking a short position and short selling itself. Basically when taki...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people always talk about stocks that pay high dividends? ### Answer: Why do people talk about stock that pay high dividends? Traditionally people who buy dividend stocks are looking for income...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Switch from DINK to SIWK: How do people afford kids? ### Answer: I see three areas of concern for your budget: This is way high. I am not sure how much of a house you live in, but the total of these ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which credit card is friendliest to merchants? ### Answer: Merchants that accept American Express should have decided that the extra costs are worth the increased business (many business travelers onl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I find accurate historical distribution data for mutual funds? ### Answer: I keep spreadsheets that verify each $ distribution versus the rate times number of shares owned. For mutual funds,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do some symbols not have an Options chain for specific expiration dates? ### Answer: All openly traded securities must be registered with the SEC and setup with clearing agents. This is a costly ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are “preferred” stocks? How are they different from normal (common) stocks? ### Answer: It is just a different category of stock issued by a company that gives its owners different treatment when...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a passive investor buy anything other than the market portfolio + risk free assets? ### Answer: Investing is always a matter of balancing risk vs reward, with the two being fairly strongly l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dollar Cost Averaging (Or value averaging) vs Lot sizes, what am I missing? ### Answer: This is more than likely a thing about your financial institution and the exchanges where they trade shares. Som...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are mutual funds safe from defaults? ### Answer: The only way for a mutual fund to default is if it inflated the NAV. I.e.: it reports that its investments worth more than they really are. Then, in ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are market orders safe? ### Answer: A market sell order will be filled at the highest current "bid" price. For a reasonably liquid stock, there will be several buy orders in line, and the highest bid ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why doesn't Japan just divide the Yen by 100? ### Answer: Another possibly significant issue, is that the number ten thousand is very important in the Japanese language. In Japanese, you count in one...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Harmony Gold Mining Company is listed on the NYSE and JSE at different prices? ### Answer: The quotes on JSE are for 100 share lots. The quotes on NYSE are for single shares. That still leaves some ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a significant danger to market orders as opposed to limit orders? ### Answer: The Key aspect is the risk of market orders; You should be worried about point 2 & 3 when you are doing market ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does high inflation help or hurt companies with huge cash reserves? ### Answer: Inflation will damage the value of those cash reserves. This will harm the company's value. (Other factors may or may no...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Foreign Earned Income Exclusion - Service vs. Product? ### Answer: Fear tactics posted above, likely by IRS agents. Yes, you qualify based on the residence test. You perform your work outside the US. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there common stock price trends related to employee option plans? ### Answer: Say I am an employee of Facebook and I will be able to sell stares at enough of a profit to pay of my mortgage and hav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to bear in mind when considering a rental home as an investment? ### Answer: Real estate is not an investment but pure speculation. Rental income may make it look like an investment but if you as...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to plan in a budget for those less frequent but mid-range expensive buys? ### Answer: You would simply plan for misc. expenses in your budget, and allocate a small amount to this every time you do...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I choose 401k investment funds? ### Answer: I would stay away from the Actively Managed Funds. Index funds or the asset allocation funds are your best bet since they have the lowest fees. Wha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a public company issue new shares without diluting the value held by existing shareholders? ### Answer: In simplest terms, when a company creates new shares and sells them, it's true that exi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would betting on fallen (blue chip) stocks be a good strategy? ### Answer: You can't do this automatically; you want to understand whether the drop is from a short-term high. is likely to be a short-t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the writer of a call ever required to surrender dividends to the call option buyer? ### Answer: The dividend goes to he who owns the stock when it goes ex-div. A buyer (the call buyer who exercises...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How exactly does dealing in stock make me money? ### Answer: Generally, a share of stock entitles the owner to all future per-share dividends paid by the company, plus a fraction of the company's asse...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm in the U.S. What are vehicles to invest in international stocks? ### Answer: You can look into specific market targeted mutual funds or ETF's. For Norway, for example, look at NORW. If you want t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who Bought A Large Number Of Shares? ### Answer: The reality that the share price did not move shows that there is nothing nefarious going on. It is most likely some mutual fund offloading their posi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it easier for brokers to find shares to short in premarket? ### Answer: I don't think that the trading volume would impact a broker's ability to find shares to short. You might think that a lot mo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to find out the amount of preferred stock of Coca Cola Company? ### Answer: You can find this in the annual report. Preferred value is not the same as common value. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a multi-family home to rent part and live in the rest ### Answer: There's nothing wrong with it. Living in a two-family house and renting the downstairs was a fairly standard path to the middle...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a decent rate of return for investing in the markets? ### Answer: What do you think is a reasonable rate of return? A reasonable rate really breaks down into three things: opportunity cost, wh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Difference between a mortgage and buy-to-let in UK ### Answer: In my experience buy-to-let mortgages charge a higher rate of interest than an personal residential mortgage. They are regarded as a bus...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How converted stock is taxed due to an acquisition ### Answer: I don't think its a taxable event since no income has been constructively received (talking about the RSU shareholders here). I believe y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Isn't an Initial Coin Offering (ICO) a surefire way to make tons of money? ### Answer: Given your premise is correct: How do you cash in a large sum of YetAnotherCryptoCoin shortly after it´s ICO? Th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: (Legitimate & respectable) strategies to generate “passive income” on the Internet? ### Answer: One idea that I read among some of the many, many personal finance blogs out there is to create a niche ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any reason to choose my bank's index fund over Vanguard? ### Answer: Extortionate expense ratio aside, comparing the fund to the vanguard balanced fund (with an expense ratio of 0.19%) shows ...
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: The W4 specifies withholding for income taxes, FICA taxes are not impacted. The tax ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Opening a bank account with cash: How should bills be presented? ### Answer: In the US, banks, businesses and the government stack cash. That's how you should present it to them. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options on the E-mini S&P 500 Futures at the CME: what's the expiry date of the underlying future? ### Answer: I don't see EWQ6 in any of your links, so I can't say for certain, but when you buy an op...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a school club collect money using credit cards? ### Answer: You should check with the Office of Student Affairs (or equivalent) at your University to see if you can accept Credit Cards. Many w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do when paying for an empty office space? ### Answer: This sounds obvious, but: If the landlord is easygoing, you could ask him if he's okay with you subletting the space, and then you could s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a car loan bad debt? ### Answer: What's missing in your question, so Kate couldn't address, is the rest of your financial picture. If you have a fully funded emergency account, are saving for reti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit report - Not able to establish identity ### Answer: I suggest you begin by double checking what kinds of credit products you have and to which credit bureaus your bank reports. Not all financia...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Exercising an option without paying for the underlying ### Answer: It would be nice if the broker could be instructed to clear out the position for you, but in my experience the broker will simply giv...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Contract job (hourly rate) as a 1099: How much would I be making after taxes? ### Answer: There are way too many details missing to be able to give you an accurate answer, and it would be too localize...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is CLM a stock or an ETF? ### Answer: I find the reg, at last. https://www.sec.gov/cgi-bin/browse-edgar?company=Cornerstone+Strategic+Value+Fund&owner=exclude&action=getcompany Yes, its a common stock...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Owning REIT vs owning real estate - which has a better hypothetical ROI? ### Answer: You've already hit on the big difference. If you buy a property, you've made a big commitment, for better or worse....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would you withdraw your money from your bank if you thought it was going under? ### Answer: I probably would not take it out, since I have enough layers of backstops: Maybe if I could find a better ra...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A friend wants to use my account for a wire transfer. Is this a scam or is it legitimate? ### Answer: Just one further point to add to what everyone else has said. There are no oil rigs or platforms "...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying from an aggressive salesperson ### Answer: From your question and how you have framed it, I get you find Agressive Sales tactics disturb the buying process for you. ;) I understand because I al...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For a mortgage down-payment, what percentage is sensible? ### Answer: The typical down-payment was expected to be 20%. The idea being that if one could not save 1/5 of the cost of a house, they were ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does this sound like a great idea regarding being a landlord and starting a real estate empire? ### Answer: This is a common and good game-plan to learn valuable life skills and build a supplemental i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Clear example of credit card balance 55 days interest-free “trick”? ### Answer: There are always little tricks you can play with your credit card. For example, the due date of your statement balance i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Historical stock prices: Where to find free / low cost data for offline analysis? ### Answer: Go to http://finance.google.com, search for the stock you want. When you are seeing the stock information,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Diversification reduces risk, but does this base on the assumption that expected return of each asset is always in proportion to its risk? ### Answer: If you are diversifying just for diversification ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some good ways to control costs for groceries? ### Answer: This may not help with the overall grocery issue, but I find that there are items that I can do without the name brand version of. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference between Buy and Sell price on the stock exchange [duplicate] ### Answer: To add to @Victor 's answer; if you are entering a market order, and not a limit order (where you set the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do real nappies (reusable / cloth diapers) really save money? ### Answer: I only used disposable diapers for my baby's first month. However, I now use half disposable diapers (for part-time daycare) ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to find the full book of outstanding bids/asks for a stock? ### Answer: For starters, that site shows the first 5 levels on each side of the book, which is actually quite a bit of information. ...
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: In the US, it is perfectly legal to execute what you've described. However, since you seem to be bullish on the st...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay down the student loan, or buy the car with cash? ### Answer: Here's another way to look at this that might make the decision easier: Looking at it this way you can turn this into a financial arbit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I spend too much money. How can I get on the path to a frugal lifestyle? ### Answer: Use software that calculates your net worth and track it over time. I track my personal finances in Mint, and I lov...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can anybody explain “cut their exposure to equities” and “fat and flat range” for me, please? ### Answer: Someone's (or, a bank's) "exposure to equities" refers to the amount of value which has a risk...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it bad practice to invest in stocks that fluctuate by single points throughout the day? ### Answer: Eventually, you'll end up buying a stock at or near a high-water mark. You might end up waiting ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is forward P/E calculated using current price(if yes, how useful is it)? ### Answer: generally Forward P/E is computed as current price / forward earnings. The rationale behind this is that buying th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between fund and portfolio? ### Answer: A fund is a portfolio, in that it is a collection, so the term is interchangeable for the most part. Funds are made up of a combination ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Simplifying money management ### Answer: Personally, I have a little checkbook program that I use to keep track of my spending and balance. Like you -- and I presume like most people -- I have certain...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Invest all at once after maxing out Roth IRA - or each time I contribute? ### Answer: This depends on the terms and conditions of your IRA account, and those of the investments you have chosen. In gen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is a long call and short stock portfolio equivalent to lending money ### Answer: hmmm. I think it's because in both cases, you must pay for it up front, before the positions are closed out. You ow...