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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Equity prices during currency devaluation — Mexico 1994 ### Answer: Yes, this phenomenon is well documented. A collapse of an economy's exchange rate is coincidented with a collapse in its equities m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why big clients want the contractor to be incorporated before giving them work ### Answer: They believe that it reduces the risk that Revenue Canada will deem you to be an employee and make them pay a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I tell the Canada Revenue Agency that they're sending someone else's documents to my address? ### Answer: Maybe just put all his correspondence back in the Post Box and mark it "Wrong address...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I estimate my taxes when I have only 1099 income? ### Answer: As long as you paid 100% of your last year's tax liability (overall tax liability, the total tax to pay on your 1040) or 90% of the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying insurance (extended warranty or guarantee) on everyday goods / appliances? ### Answer: IMO it's usually not worth it and here's why. There's a statistical distribution of how likely a unit may ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What emergencies could justify a highly liquid emergency fund? ### Answer: You are not wrong - just about anything can be charged and paid off in 30 days with a sale of non-liquid investments. So the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to check the paypal's current exchange rate? ### Answer: There is a way I discovered of finding the current exchange rate before committing to buy, go to send payments, put in your own second emai...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it financially advantageous and safe to rent out my personal car? ### Answer: The moment that you start to rent your car to strangers you are talking about using your car as a business. Will it be ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strategies for saving and investing in multiple foreign currencies ### Answer: The bad news is that foreign exchange is ultimately somewhat unpredictable, and analyzing the risk of these things is not...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will an ETF increase in price if an underlying stock increases in price ### Answer: An ETF consists of two componenets : stocks and weightage of each stock. Assuming the ETF tracks the average of the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Retirement Savings vs. Student Loan payments ### Answer: Your plan sounds quite sound to me. I think that between the choices of [$800 for Loans, $300 for Retirement] and [$1100 for loans], both are ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to find trailing 5-year stock returns for 1980s? ### Answer: I dont know if this data is available for the 1980s, but this response to an old question of mine discusses how you can pull stock rela...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Return of value to shareholders in an ISA ### Answer: You will receive a combination of Verizon shares and cash whether you chose option B or C. Option B means that your "Return of Value" will be trea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do straddles that involve selling options protect against early assignment? ### Answer: Yes, that's the risk. If the stock is bouncing around a lot your options could get assigned. If it heads so...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any benefit to investing in an index fund? ### Answer: Beatrice does a good job of summarizing things. Tracking the index yourself is expensive (transaction costs) and tedious (number of tra...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stranger in Asia wants to send me $3000 in Europe over Western Union because he “likes me”? [duplicate] ### Answer: The first question I have to ask is, why would your "friend" even be considering som...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a good options strategy that has a fairly low risk? ### Answer: No. The more legs you add onto your trade, the more commissions you will pay entering and exiting the trade and the more oppor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the common advice about diversification still hold in times of distress ### Answer: The common advice you mentioned is just a guideline and has little to do with how your portfolio would look lik...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What capital gains taxes do I owe on stock sales in India? ### Answer: Long term: Assuming you sold stock ABC through a registered stock exchange, e.g., the Bombay Stock Exchange or the National Stock...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why have U.S. bank interest rates been so low for the past few years? ### Answer: I've wondered the same thing. And, after reading the above replies, I think there is a simpler explanation. It goes l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wash sale rule with dividend reinvestment ### Answer: You sold all shares? The potential wash sale effect goes away after 30 days from the dividend date. Selling all shares of a stock where a wash exi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paypal website donations without being a charity ### Answer: An answer from PayPal stated that donations may be turned on only for Business PayPal accounts that are verified for its non-profit status....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to motivate young people to save money ### Answer: I posted a comment in another answer and it seems to be approved by others, so I have converted this into an answer. If you're talking about youn...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better for a public company to increase its dividends, or institute a share buyback? ### Answer: In some sense, the share repurchasing program is better if the company does not foresee the same ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to pay with cash when car shopping? ### Answer: Ask the dealer to drive to the bank with you, if they really want cash. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Optimal way for withdrawing vested company match from my 401k? ### Answer: You can borrow against a 401k for 5 years. This defers any penalty fees that the IRS mandates. Put the cash back in your 401k...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Discussing stock and stock index movement: clarifying percentage vs. points? ### Answer: Points are index based. Simple take the total value of the stocks that compose the index, and set it equal to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What will be the long term impact of the newly defined minimum exchange rate target from francs to euro? ### Answer: The Swiss franc has appreciated quite a bit recently against the Euro as the Europe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to sell a stock at a higher value than the market price? ### Answer: The core issue is to understand what 'selling a share' means. There is no special person or company that takes the s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is meant by “priced in”? ### Answer: I think the first misconception to clear up is that you are implying the price of a stock is set by a specific person. It is not. The price of a stock is equa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a tax deduction for renting office space in service of employer? ### Answer: I disagree with BrenBran, I don't think this is qualified as unreimbursed employee expense. For it to qualify, it ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't you just have someone invest for you and split the profits (and losses) with him? ### Answer: On reflection there are financial products that do what you want, whole-life insurance policies ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does investing money in other currencies help pad losses in case of a stock market crash? ### Answer: If the equity market in the USA crashed, its very likely equity markets everywhere else would cras...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Identifying “Dividend Stocks” ### Answer: How do you find good quality dividend stocks? That is an easy one. Past performance has always been my key to this answer. also remember why you are investing...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a small worker co-op track/manage stocks/shares ### Answer: What I know about small companies and companies who are not listed on the stock markets is this: If a small company has shares issu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Relation between interest rates and currency for a nation ### Answer: From Indian context, there are a number of factors that are influencing the economic condition and the exchange rate, interest rat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages of doing accounting on your personal finances? ### Answer: In my opinion, every person, regardless of his or her situation, should be keeping track of their personal finances. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Offered a job: Should I go as consultant / independent contractor, or employee? ### Answer: Linkedlinked, You might want to seriously take another look at the links that Chris provided you. Specifica...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying under my bid price ### Answer: It definitely depends on the exchange you are trading on. I'm not familiar with Scottrade, but a standard practice is to fulfill limit orders in the order they ar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to report to FInCEN if I had greater than $10,000 worth of bitcoin in a foreign bitcoin exchange? ### Answer: Yes, I'd say you do. This is similar to reporting a brokerage account. Also, don...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to invest 10k dollars, at the age of 23? ### Answer: An investment in knowledge always pays the best interest, as Ben Franklin said. However, this is not a question I can answer for you, as it dep...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it accurate to say that if I was to trade something, my probability of success can't be worse than random? ### Answer: The stock market is not a zero-sum game. Some parts are (forex, some option t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does the Pension system work in Poland? ### Answer: Pretty simple actually. This is a state-run defined benefit plan, where the benefit is calculated based on the length of the employment and the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best way to start investing, for a young person just starting their career? ### Answer: When you start to buy stock, don't buy too little of it! Stocks come at a cost (you pay a commission), and you n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How long to wait before refinancing a high interest car loan, after improving credit history? ### Answer: Between half a year and a year should be enough to improve your interest rates drastically on ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Frustrated Landlord ### Answer: If you're sinking 1k/year into it, and the value is rising by $100k in 15 years, or $6k/year, you have a fine investment. Ignore the wife, she just wants something even...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have an extra 1000€ per month, what should I do with it? ### Answer: I'm almost in the same situation as you. Here is what I'm doing. Buy ETFs each time you have above 3000€ saved up. I buy these: ...
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: In most cases you cannot do "reverse lookup" on tax id in the US. You can verify, but for that you need to have more than just the FEI...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What argument(s) support the claim that long-term housing prices trend upward? ### Answer: The Shiller data is inflation adjusted. In effect, a flat line means that long term, housing rises with infla...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Choosing a vehicle to invest a kid's money on their behalf (college, etc.)? ### Answer: One other advantage of a 529 versus a simple investment account (like an UGMA/UTMA) is that the treatment for th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which graduate student loans are preferable? ### Answer: Of course, the situation for each student will vary widely so you'll have to dig deep on your own to know what is the best choice for your situ...
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: The strategy has intrinsic value, which may or may not be obstructed in practice by details menti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why Google Finance puts to two decimal places for the trading volumes? ### Answer: Many brokerages offer automatic dividend reinvestment. It is very infrequent that these dividends are exactly a whole...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I open a credit card when I turn 18 just to start a credit score? ### Answer: Yes, as long as you are responsible with the payments and treat it as a cash substitute, and not a loan. I waited u...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I help others plan their finances, without being a “conventional” financial planner? ### Answer: You know there is a small group of individuals who focus on strictly planning without implement...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to start a 529 plan for each child (2 separate plans), or can I just open one 529 plan and let both children use it? ### Answer: MrChrister makes some good points, but I saw his invitation t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any dangers in publicly sharing my personal finance data? ### Answer: Status alone shouldn't be a problem. A fellow blogger publishes a blogger list at Rock Star Finance where he lists nearl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to spend more? (AKA, how to avoid being a miser) ### Answer: Unless your stinginess has reach truly compulsive levels, it should be enough to consciously remind yourself of the value of your time ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does my bank suddenly need to know where my money comes from? ### Answer: Most likely this is connected with new banking regulations related to the Patriot Act, which require banks to be much more...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean to invest in potatoes? ### Answer: In order for a commodity to be offered as a future, the exact specifications must be specified by the exchange. This includes not only the particul...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will Short Sale Prevent Me From Getting VA Home Loan Later? ### Answer: From MyFICO: A foreclosure remains on your credit report for 7 years, but its impact to your FICO® score will lessen over time. ...
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: Here is the "investing for retirement" theoretical background you should have. You should base your investment decisions not simply on the historical...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Roth IRA all in one fund, or not? [duplicate] ### Answer: In your case, you could very well leave it in something like FFFFX, which for readers is a self balancing fund with a target retirement date o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does Big Money work? (i.e. stocks, Enron, net worth) ### Answer: 1) You ignore dividends. You can hold your 10 million shares and never sell them and still get cash to live on if the security pay...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: what is a mortgage gift exchange? ### Answer: I'm guessing since I don't know the term, but it sounds like you're asking about the technique whereby a loan is used to gather multiple years' gift allow...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is this Employee Stock Purchase Plan worth it when adding my student loan into the equation? ### Answer: It's 5% free money, if you believe the company's stock is fairly valued and likely to grow and/...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment in mutual fund in India for long term goals ### Answer: On reading couple of articles & some research over internet, I got to know about diversified investment where one should invest 70% i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to sell when your financial needs change, stocks or bonds? ### Answer: You have to understand what risk is and how much risk you want to take on, and weight your portfolio accordingly. I think y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I profit from selling a PUT on BBY? ### Answer: Yes, theoretically you can flip the shares you agreed to buy and make a profit, but you're banking on the market behaving in some very precise and p...
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: Large and small universities have procedures in place regarding the use of the universities name, logo, facilities, and budget. They...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a house. I have the cash for the whole thing. Should I still get a mortgage to get the homeowner tax break? ### Answer: Getting a mortgage for the interest write-off is like buying packs of bas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I find historic performance data on Barclays Aggregate Canadian Bond Index? ### Answer: I couldn't find historical data either, so I contacted Vanguard Canada and Barclays; Vanguard replied ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to buy put options or buy an inverse leveraged ETF? ### Answer: The only use of options that I will endorse is selling them. If you believe the market is going down then sell covered, out...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a custodian refuse prior-year IRA/HSA deposit postmarked April 15? ### Answer: The slips from your bank for your HSA account are for an account already established and thus the bank is willing to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the stock warrant's expiration date here? ### Answer: These warrants do not have a fixed expiration date, rather their expiration date is dependant upon the company completing an acquisition. ...
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: I'll echo: many factors. Brand: There are generally two levels of pricing: "major brand" and "discount brand". You can ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit card transactions for personal finances ### Answer: Other responses have focused on getting you software to use, but I'd like to attempt your literal question: how are such transactions managed...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Bank will not accept loose change. Is this legal? ### Answer: They cannot refuse to accept coins and demand some other payment after providing a good or service. Legal tender is legal tender for all ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I claim mileage for traveling to a contract position? ### Answer: The short answer is yes you can, but you have to make sure you do it correctly. If you are employed by a tech company that does c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the consequences of being classified as a day trader, in Australia? ### Answer: In Australia the ATO can determine if you are considered a shareholder or a share trader. The ATO defines a sha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Estate taxes and the top 1 percent by net worth ### Answer: There are two main reasons for the difference between these two numbers: While there are a few people that are wildly wealthy, most of the p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I find out who the major short sellers are in a stock? ### Answer: There is no way to know anything about who has shorted stuff or how concentrated the positions are in a few investors. Short...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do VAT-registered businesses in the EU charge VAT to each other? ### Answer: Not doing this would defeat the entire purpose of a VAT. The reason for a VAT rather than a simple sales tax is that it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Borrow from 401k for down payment on rental property? ### Answer: Two simple possibilities: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Recent college grad. Down payment on a house or car? ### Answer: I generally agree with the sentiment in many other answers that $27K is more I would personally spend on a car if I were in your positi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I am turning 18 and I am a Student, I need strategies on building great credit soon. Where should I start? ### Answer: Based on the formula used by FICO which is pretty much what you want to focus on,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does borrowing from my 401(k) make sense in my specific circumstance? ### Answer: The set of circumstances that 401k loans make sense, are very small. As you would expect yours is not one of them. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making a big purchase over $2500. I have the money to cover it. Should I get a loan or just place it on credit? ### Answer: Some already mentioned that you could pay with your savings and use the cred...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can an unmarried couple buy a home together with only one person on the mortgage? ### Answer: It is highly unlikely that this would be approved by a mortgage underwriter. When the bank gives a loan ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can everyday people profit from unexpected world events? ### Answer: In the UK there are spread betting firms (essentially financial bookmakers) that will take large bets 24x7. Plus, interbank forex i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options vs Stocks which is more profitable ### Answer: The first thing that I learned the hard way (by trying my hand at actual options trading) is that liquidity matters. So few people are interested...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are underlying assets supposed to be sold/bought immediately after being bought/sold in call/put option? ### Answer: When you can exercie your option depends on your trading style. In the american opt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I lookup accurate current exchange rates for consumers? ### Answer: I want to shop in the currency that will be cheapest in CAD at any given time. How do you plan to do this? If you are us...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Multi-user, non-US personal finance and budget software ### Answer: My wife and I have been ridiculously happy with YNAB. It's not "online," but syncs across our phones & computers using Dropbox. It s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a government-mandated resource that lists the shareholders of a public company? ### Answer: The list of the public companies is available on the regulatory agencies' sites usually (for exampl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is inflation a good or bad thing? Why do governments want some inflation? ### Answer: In general the consensus is that a small amount of inflation (usually 1.5-2% per year) is desirable. That is why ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Legal documents required for managing an investment portfolio among friends? ### Answer: You have to register with the SEC as an Investment Company. The SEC has a "Investment Company Regulation and Re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Car Loan upside down--refinance before selling? ### Answer: Carmax will be interested in setting a price that allows them to make money on the reselling of the vehicle. They won't offer you more than ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are days counted when funding a new account within 10 days ### Answer: If the wording is "within 10 days" then its 10 days. Calendar days. Otherwise they would put "10 business days", for example....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why doesn't the emerging markets index reflect GDP growth? ### Answer: GDP being a measurement for an economy's growth and with the stock market being driven (mostly) by company profits you would expe...