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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a bank make money on an interest free secured loan? ### Answer: In addition to all the points made in other answers, in some jurisdictions (including the UK where I live) the consumer credit ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros/cons of borrowing money using a mortgage loan and investing it in a low-fee index fund? ### Answer: Something very similar to this was extremely popular in the UK in the late 1980s. The practice...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does short selling require borrowing? ### Answer: Selling short is simply by definition the selling, then later re-buying of stock you don't initially own. Say you tally your entire portfolio bala...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What intrinsic, non-monetary value does gold have as a commodity? ### Answer: Gold has no "intrinsic" value. None whatsoever. This is because "value" is a subjective term. "Intrinsic value" makes jus...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why might a share price have not changed for several days? ### Answer: It is because 17th was Friday, 18th-19th were weekends and 20th was a holiday on the Toronto Stock Exchange (Family Day). Just to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Cost basis allocation question: GM bonds conversion to stock & warrants ### Answer: Because the distribution date was APR 21, 2011, THAT should be the correct date for ascertainng the stock prices of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does Warren Buffett really have a lower tax rate than his secretary? ### Answer: The scenario you mention regarding capital gains is pretty much the core of the issue. Here's a run-down from PolitiFac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ballpark salary equivalent today of “healthcare benefits” in the US? ### Answer: While the other answers try to quantify the value of health care the question you ask is about employee vs contractor. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with my stock options? ### Answer: The main reason to exercise the shares sooner rather than later is that you have to hold the shares for 1 year to gain access to the long-term capit...
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: It is going to save you more money in the long run to pay at once with cash....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is an “International Equity”? ### Answer: International means from all over the world. In the U.S. A Foreign Equity fund would be non-US stocks. There's an odd third choice I'm aware of, a fund ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Saving for a non-necessity ### Answer: Your question is rather direct, but I think there is some underlying issues that are worth addressing. One How to save and purchase ~$500 worth items This one i...
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: I started my career over 10 years ago and I work in the financial sector. As a young person from a working class...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As an investor what are side effects of Quantitative Easing in US and in EU? ### Answer: Quantitative Easing Explained: http://www.npr.org/blogs/money/2010/10/07/130408926/quantitative-easing-explaine...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is insurance worth it if you can afford to replace the item? If not, when is it? ### Answer: This entirely depends on two factors: Now let's look at what AppleCare gives you: What it covers is any man...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any Social Responsibility Index funds or ETFs? ### Answer: There is the iShares Jantzi Social Index Fund. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do you avoid tax when taking a home equity loan? ### Answer: Why would someone invest in other instruments (e.g. stocks) to pay for childrens' college education when the capital gains on those are ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is financial data of some public companies not available on Yahoo Finance? ### Answer: http://www.pacificrubiales.com/investor-relations/reports.html does have financial reports on their website f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What kind of trade is this? ### Answer: The question mentions a trailing stop. A trailing stop is a type of stop loss order. It allows you to protect your profit on the stock, while "keeping you in th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good way to keep track of your credit card transactions, to reduce likelihood of fraud? ### Answer: Sign up for alerts. Everytime you use your card, you'll get an alert. That way if there ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Home insurance score drastically decreases after car insurance claim? ### Answer: Credit risk and insurance risk are highly correlated for a single legal party. Trouble with one could indicate troubl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Freehold and Leasehold for Pub/Bar? ### Answer: Freehold is simple - it's when you own the building and the land it's on. There's no rent to pay (but you will still have to pay taxes!). Leasehold is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I replace Microsoft Money with, now that MS has abandoned it? ### Answer: www.mint.com is a very good web site that can upload your financial data from your bank and analyze it for you. Secur...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does ExxonMobil's balance sheet show more liabilities than assets? ### Answer: Exxon Mobil is one of the most profitable corporations in the world. Their annual earnings are typically in the $10s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I use a different HSA than PayFlex that came with aetna? ### Answer: There are some cases I'm aware of where a large employer will offer alternative HSA vendors, but this is not the norm as far as...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I get a auto loan to diversify my credit lines if I have the cash to pay upfront ### Answer: There is no need to get an auto loan just to try and affect your credit score. It is possible to hav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Reducing taxable income in US in December ### Answer: My first question to you is if you itemize? If not the charitable contributions will not do any good. Along these lines, donating unused items t...
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 "must be postmarked" language might be just from the old bank itself, not from the IRS. The language I see in Pu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Consolidate my debt? Higher APR, but what does that actually mean? ### Answer: No, it means that each year (Annual Payment Rate) you are accruing interest at 29.8%. If your principal is $10,000, that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing tax (savings) ### Answer: You'd want the money to be "liquid" and ready for you to use when tax time comes around. You also don't want to lose "principal", i.e. if you put it into stocks and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where do countries / national governments borrow money from? ### Answer: It's more complicated than that. Governments raise money in a number of ways. First, they tax economic activity within their b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I evaluate reasonability of home improvement projects? ### Answer: If you're looking for some formula, I don't think one exists. People talk about this all the time and give conflicting advice....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Money market account for emergency savings ### Answer: I'm not a fan of using cash for "emergency" savings. Put it in a stable investment that you can liquidate fairly quickly if you have to. I'd rath...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a brokerage firm work? ### Answer: Brokerages offer you the convenience of buying and selling financial products. They are usually not exchanges themselves, but they can be. Typically there i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the future of 401(k) in terms of stability and reliability? ### Answer: The same author wrote in that article “they have a trillion? Really?” But that’s what happens when ten million dollars...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As a beginner investor, should I start investing with mutual funds through my bank, or with an online broker? ### Answer: What is the best option to start with? and I am not sure about my goals right...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Borrowing money and then investing it — smart or nart? ### Answer: The biggest concern is how you get $250,000 in unsecured credit. It's unlikely that you will be loaned that amount at a percentage lo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are precious metals/collectibles a viable emergency fund? ### Answer: If it were me, I would convert it to cash and keep it in a liquid account. The assumption that silver will increase in value is mi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would anyone want to pay off their debts in a way other than “highest interest” first? ### Answer: Very good Ben, in a more simplistic form: If debt was about math only, we would not have payday ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax implications of exercising ISOs and using proceeds to exercise more ISOs ### Answer: This may be a good or a bad deal, depending on the fair market value (FMV) of the stock at the time of exercise...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For very high-net worth individuals, does it make sense to not have insurance? ### Answer: While a lot of the answers focus on cost to replace and how much money you should have for tangible goods. Th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where should I be investing my money? ### Answer: Don't be too scared of investing in the market. It has ups and downs, but over the long haul you make money in it. You can't jump in and out, just c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Bitcoin a commodity or a currency [duplicate] ### Answer: I would classify Bitcoin as a hybrid. Currency : It is accepted by e-businesses as a form of payment Commodity : Chart illustrating the v...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will I be paid dividends if I own shares? ### Answer: gnasher729, was able to see my problem here. It was a silly oversight. It's not 50p a share, its 0.5p a share. @Bezzzo: The dividend is not 50p pe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what interest rate should debt be used as a tool? ### Answer: It's not so much the rate of the debt as it is the total cost of the debt relative to the gain you expect to see from using it to purch...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros and cons of using a personal assistant service to manage your personal finances? ### Answer: Not knowing anything about your situation or what makes it so complex, I would have to agree with the ...
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: The idea you present is not uncommon, many have tried it before. It would be a great step t...
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: **I would encourage you to clear all your debts and remain debt free, then you can consult a financial manager-for investing purposes that fit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I screen for stocks that are near to their 52 weeks low ### Answer: You can use Google Finance Stock Screener for screening US stocks. Apparently it doesn't have the specific criterion (Last Pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculating the total capital of a company? ### Answer: Opening capital = opening assests-opening liabilities ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should one look for when opening a business bank account? ### Answer: Yes, it's a good idea to have a separate business account for your business because it makes accounting and bookkeeping that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Money transfer from India to USA ### Answer: We have a house here in India worth Rs. 2 Crores. We want to sell it and take money with us. Selling the house in India will attract Capital Gains Tax. Es...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't the government simply payoff everyone's mortgage to resolve the housing crisis? ### Answer: Interestingly, ancient Judaism and Christianity held a Jubilee year every 50 years in which all de...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the economic benefits of owning a home in the United States? ### Answer: Is all interest on a first time home deductible on taxes? What does that even mean? If I pay $14,000 in taxes will M...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If the co-signer on my car loan dies, can the family take the car from me like they're threatening to? ### Answer: I think Joe is right, it seems that you will get the car once grandpa passes. It cle...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the IRS give some help or leniency to first-time taxpayers? ### Answer: It might not be leniency for first time payers, but they do have programs, some federal some local, that help the poor and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When I sell an OTC stock, do I have to check the volume of my sale in order to avoid an NSCC illiquid charge? ### Answer: It's not enough just to check if your order doesn't exceed 10% of the 20 day a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Economics Books ### Answer: Economics without math is a tall order, since it seems that one of the things economists love to do is try and reduce everything down to mathematical formulas. OTOH you ar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Received a call to collect on a 17 year old, charged off debt. What do I do? ### Answer: If they are a debt collector, they must follow the requirements of the Fair Debt Collection Practices Act. In p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it true that 90% of investors lose their money? ### Answer: It depends on the market that you participate in. Stock markets are not zero sum as JoeTaxpayer explained. On the other hand, any kind of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is keeping track of your money and having a budget the same thing? ### Answer: A budget is a predetermined plan for spending allocated funds to a fixed set of categories according to a schedule. If by...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a US bank prevent you from making early payments to the principal on a home mortgage? ### Answer: Are there any known laws explicitly allowing or preventing this behavior? It's not the laws, it'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does “Company Distribution” mean on Google Finance's stock screener? ### Answer: Company Distribution is attempting to show a histogram of how many companies fall within a given range so you can ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a employers supposed to calulate drive time pay with your weekly gross pay ### Answer: You're getting paid by the job, not by the hour, so I don't see why you think the employer is obligated to pay...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do when a job offer is made but with a salary less than what was asked for? ### Answer: What I do in those cases - assuming I like the job - is ask for a review in 3-months. They usually take ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a general guideline for what percentage of a portfolio should be in gold? ### Answer: Gold's valuation is so stratospheric right now that I wonder if negative numbers (as in, you should short...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Co- Signed car loan and need to have the other signer relinquish claim to ownership ### Answer: The key here is the bank, they hold the title to the car and as such have the final say in things. The b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does my net paycheck decrease as the year goes on due to tax brackets filling up? ### Answer: No, you will (generally speaking) not see a decrease in your net earnings from crossing a tax bracket: Thi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shorting Stocks And Margin Account Minimum ### Answer: First, you are not exactly "giving" the brokerage $2000. That money is the margin requirement to protect them in the case the stock price rises. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy or sell futures contracts ### Answer: We struck a deal. I sold an asset to some body on june 1 . However he says, he would pay me any time on or before august 1st . This puts me in a dilemma. Wha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: New company doesn't allow 401k deposits for 6 months, what to do with money I used to deposit? ### Answer: Short answer is fund a Roth. If you are under 50 then you can put in $5500 or $6500 if you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Moving Coin Collection to Stapled Coin Pockets ### Answer: This is primarily opinion based. It is like predicting what will happen in future, similar to predicting the value of stock. This is interest...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Once stock prices are down, where to look for good stock market deals? ### Answer: Something you might want to consider, instead of going out bargain hunting in hopes of picking something up on the ch...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Archive Financial Records by Account or by Year ### Answer: First, I try to keep electronic records (with appropriate backups) whenever it seems feasible: utility bills, credit card statements, bank s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is giving my girlfriend money for her mortgage closing costs and down payment considered fraud? ### Answer: Omg, the answer is easy. Tell the TRUTH, and nothing is fraud. Down payment gifts are SOP's,...
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: Schedule 13D (or the abbreviated version, schedule 13G) would be the most likely place to find this info. When a person or group of persons acquires be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to share income after marriage and kids? ### Answer: The bottom line is choosing the right partner. If your partner works as hard as you do, than everything should be split, irregardless of who ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Consequences of buying/selling a large number of shares for a low volume stock? ### Answer: The effect of making a single purchase, of size and timing described, would not cause market disequilibrium,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there such a thing as “stock insurance”? ### Answer: First off, the jargon you are looking for is a hedge. A hedge is "an investment position intended to offset potential losses/gains that may be i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to physically own a share certificate in a company? ### Answer: Yes, this is possible with some companies. When you buy shares of stock through a stock broker, the shares are kept in "s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't share prices of a company rise every other Friday when the company buys shares for its own employees? ### Answer: Pre-Enron many companies forced the 401K match to be in company shares. That...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Having trouble with APR calculation ### Answer: I have answered your question in detail here https://stackoverflow.com/questions/12396422/apr-calculation-formula The annuity formula in FDIC document i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pre-valuation of the company ### Answer: The value of the company is ill-defined until it actually has some assets and/or product. You give the investors whatever equity stakes you and they negotiate ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are lottery tickets ever a wise investment provided the jackpot is large enough? ### Answer: Lotteries are like the inverse of insurance policies. Instead of paying money to mitigate the impact of an ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it OK to use a credit card on zero-interest to pay some other credit cards with higher-interest? ### Answer: I am sure everyone is different, but it has helped me a great deal. I have had several c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do banks require small businesses to open a business bank account instead of a cheaper personal one? ### Answer: The bank won't let you because: Differences in required account features — Business...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I figure out if I will owe taxes ### Answer: The short answer is - "Your employer should typically deduct enough every paycheck so you don't owe anything on April 15th, and no more." The long a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Looking at Options Liquidity: what makes some stocks so attractive for options traders? ### Answer: The penny pilot program has a dramatic effect on increasing options liquidity. Bids can be posted at...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are mortgage interest rates determined? ### Answer: Sheegan has a great explanation of how the TBA market contributes to mortgage rates. The 30 Year Mortgage rates are closely tied to the 10-Year...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does money value normally decrease? ### Answer: Currently, the quantity theory of money is widely accepted as an accurate model of inflation in the long run. Consequently, there is now broad agree...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's a good free checking account? ### Answer: If you want to deposit checks or conduct business at a window, you should look at a local savings bank or credit union. Generally, you can find one tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Has anyone heard of Peerstreet? ### Answer: (Disclosure - PeerStreet was at FinCon, a financial blogger conference I attended last month. I had the chance to briefly meet a couple people from this com...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Recommendation for learning fundamental analysis? ### Answer: Below is just a little information on this topic from my small unique book "The small stock trader": The most significant non-company-spe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculation of Loss for GM Bonds and Cost Basis of New Issues ### Answer: I will say in advance this is not a great answer, but I had a similar experience when I owned a CIT bond that defaulted. I end...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is buying a home a good idea? ### Answer: A home actually IS a terrible investment. It has all the traits of something you would NEVER want to plunge your hard-earned money into. The only way that buy...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sanity check on choosing the term for a mortgage refinance ### Answer: Have you looked at conventional financing rather than VA? VA loans are not a great deal. Conventional tends to be the best, and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 60% Downpayment on house? ### Answer: If you decide you need the extra money, you can always go refinance and get more cash out. At the end of the day, though, if you pay off your house sooner you ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What ways are there for us to earn a little extra side money? ### Answer: You or your girlfriend might also consider one of the myriad home "franchises" available (Pampered Chef, Thirty-One, etc). The...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What Happens to Cofounders' Shares when they IPO? ### Answer: A company typically goes public in order to bring in additional capital. In an IPO, the company (through its officials) will typically do ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I get a discount on merchandise by paying with cash instead of credit? ### Answer: Slightly off topic... Not merchandise, but I paid for various doctor's appointments with cash (as opposed to payi...