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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would open source credit score formulas be feasible? ### Answer: Has this already occurred, if not: why? What are the road blocks? I think it's just that the barriers to entry are rather high. Lender...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a good rule of thumb for how much I should have set aside as emergency cash? ### Answer: Since it's not tagged united-states, I'd like to offer a more general advice. Your emergency fund shou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What options do I have at 26 years old, with 1.2 million USD? ### Answer: This may be a great idea, or a very bad one, or it may simply not be applicable to you, depending on your personal circumstanc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good practice to keep salary account and savings account separate? ### Answer: This seems like a risky setup. All it takes is one missed or delayed transfer for you to overdraw your "savings"...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If something is coming into my account will it be debit or credit in my account? ### Answer: I agree with mbhunter's suggestion of labeling your columns, 'income' and 'expenses'. However, to answer yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why buy insurance? ### Answer: The odds could very well be in your favor, even when the insurance company expects profit. What matters to you is not the expected amount of money you'll have, but the e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Deferring claim of significant purchase of RRSPs ### Answer: You can defer RRSP deductions like you've suggested. Here's an article from the CBC about it: http://www.cbc.ca/news/business/taxseason/sto...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advice for college student: Should I hire a financial adviser or just invest in index funds? ### Answer: If you use a financial planner not only should they be a fiduciary but you should just pay them...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can one get their FICO/credit scores for free? (really free) ### Answer: I visited annualcreditreport.com to get my annual credit report. It is only the report, not the score or FICO score. This...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to help a financially self destructive person? ### Answer: You say you're not on speaking terms: so you do it via your lawyer. You're divorced: so IMO your obligations are: a) To your kids b) Pur...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Higher auto insurance costs: keep car or switch to public transit? ### Answer: Looking at your numbers, I would definitively consider selling the car, and use the public transportation instead. You co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's my risk of buying a house for a friend and sell back to him? ### Answer: This is fraud, the related legal code is "11 USC 548 - Fraudulent transfers and obligations"; also see the wiki page for...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some time tested passive income streams? ### Answer: Dividends are a form of passive income. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I prepare for the next financial crisis? ### Answer: A somewhat provocative (but not unserious) proposal: Rent, don't buy a house to live in. In 2007/8, the thing that got many people in de...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it usual for a tradesperson not to charge VAT? ### Answer: Assuming this to be in the UK, and I suspect the rules are similar elsewhere, this indeed may be true. There is a threshold beneath which...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In which country can I set up a small company so that I pay a lower rate of corporate tax? ### Answer: There are countries out there that are known as tax havens, where they offer companies low or no ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Bait-and-switch on new car lease ### Answer: I strongly discourage leasing (or loans, but at least you own the car at the end of it) in any situation. it's just a bad deal, but that doesn't answer you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Live in Oregon and work in Washington: Do I need to file Oregon state taxes? ### Answer: Unfortunately, you are required, but most states do have agreements with neighboring states that let the states...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Changes in Capital Gains Tax in the US - Going to 20% in 2011? ### Answer: The top long-term capital gains tax rate will rise to 20% effective 1 Jan, 2011, unless Congress decides to do something abou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Prices go up and salary doesn't: where goes delta? ### Answer: Purchasing commodities (whose prices are increasing rapidly), improving corporate profitability, buying imports (the US dollar is weaker ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Analyze stock value ### Answer: A Bloomberg terminal connected to Excel provides the value correcting splits, dividends, etc. Problem is it cost around $25,000. Another one which is free and I think t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are all VISA cards connected with bank accounts? ### Answer: In the United States there are 3 main types of cards. There are organizations that push a credit card with their branding. They aren't a ba...
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: Vanguard offers an index fund. Their FTSE Social Index Fund. For more information on it, go here. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there such a thing as a deposit-only bank account? ### Answer: There is such a thing as Deposit Only. This will allow the individual's account to function only for collection of monetary deposits. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Borrowing 100k and paying it to someone then declaring bankruptcy ### Answer: This is fraud and could lead to jail time. The vast majority of people cannot obtain such loans without collateral and one...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Invest in ESPP Single Stock or General Market ### Answer: Other than the guaranteed 5% bonus (assuming you sell it right away), no benefits. Keep in mind that the price from which the discount is calc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mortgage vs. Cash for U.S. home buy now ### Answer: I wondered about this problem too, so I looked into the maths and made this app :- http://demonstrations.wolfram.com/BuyOrRentInvestmentReturnCalcul...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the stock market closed on the weekend? ### Answer: After-hours trading and alternate venues allow one to trade outside of regular market hours. However there are a few reasons why you would no...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Foreign currency conversion for international visitors to ecommerce web site? ### Answer: Central banks don't generally post exchange rates with other currencies, as they are not determined by central...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can one get their FICO/credit scores for free? (really free) ### Answer: I get my credit scores from all three bureaus for free - no gimmick. I use a combination of banks that offer this service ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Intelligent Investor: Northern Pacific Railway example ### Answer: Without reading the source, from your description it seems that the author believes that this particular company was undervalued ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why buy insurance? ### Answer: There are several insurance products that I buy for legal reasons: Both of these protect me from lawsuits and fines. Many people buy similar products to protect their bu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a big lottery winner cash his huge check risk-free? ### Answer: You have a few options: Personally, I would cash the check at my broker and buy a mixture of US Government and New York Tax-Exe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a way to monitor when executives or leaders in a company sell off large holdings? ### Answer: SEC Form 3 and SEC Form 4 are filed when insiders make share/derivatives acquisitions, transfers,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I sell my stocks to reduce my debt? ### Answer: I'm surprised no one has picked up on this, but the student loan is an exception to the rule. It's inflation bound (for now), you only have to pa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When investing, is the risk/reward tradeoff linear? ### Answer: Ditto Bill and I upvoted his answer. But let me add a bit. If everyone knew exactly what the risk was for every investment, then prices ...
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: Diversifying your portfolio between asset A and a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How foreign cash is beneficial for a country? ### Answer: Let me ask you another question: if that person stayed at home and made a widget instead, would exporting that widget benefit his home country...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do financial institutions charge so much to convert currency? ### Answer: Banks do of course incur costs on currency transactions. But they're not as high as the fee charged to the customer. Most ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Withdrawing cash from investment: take money from underperforming fund? ### Answer: The root of the advice Bob is being given is from the premise that the market is temporarily down. If the market ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Splitting Hackathon Prize Money to minimize tax debt ### Answer: I would just take $2000 and multiply by your marginal tax rate, weight that between the 5 other people according to their share of the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why buy insurance? ### Answer: (Disclosure - I am a real estate agent, involved with houses to buy/sell, but much activity in rentals) I got a call from a man and his wife looking for an apartment. He...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Automatic transaction on credit card to stay active ### Answer: Putting money into your Amazon gift card balance is also a very convenient option, but I like these recurring Red Cross and Wikipedia id...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to Park Proceeds from House Sale for 2-5 Years? ### Answer: Your objectives are contradictory and/or not possible. Eliminating the non-taxable objective: You could divide the $100K in 5 incremen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How often do typical investors really lose money? ### Answer: How often do investors really lose money? All the time. And it's almost always reason number 1. Let's start with the beginner investor, th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off a 0% car loan? ### Answer: Mathematically, the wisest choice is to invest your extra money somewhere else and not pay off your 0% loan early. An extreme example highlights this. Suppo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I do when the trading price of a stock or ETF I want to buy is too high? ### Answer: If you find a particular stock to be overvalued at $200 for example and a reasonable value at $175, you ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Recommendation for learning fundamental analysis? ### Answer: Definition: Fundamental analysis involves analyzing financial statements and health, management and competitive advantages, and competitor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Friend was brainwashed by MLM-/ponzi investment scam. What can I do? ### Answer: Chances are high your friend isn't in it for the money, but the community or some vague dream of having a future income...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I analyse moving averages? ### Answer: One could use technical indicators in any number of ways...they aren't rigidly defined for use in any particular way. If they were, only computers would ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will my current employer find out if I have a sole proprietarship/corporation? ### Answer: Some governments offer business information search for corporations in their jurisdiction. The search result...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you save money on clothes and shoes for your family? ### Answer: I feel the same way too! With two kids, I feel like I am spending what it would cost to run a small country just on clothes, sh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I charge my children interest when they borrow money? ### Answer: This is not really the focus of your question, but it's worth noting that if you live in the United States (which your profile ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Bogleheadism (index fund investing) dead? ### Answer: I think you can do better than the straight indexes. For instance Vanguard's High Yield Tax Exempt Fund has made 4.19% over the past 5 years. T...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will prices really be different for cash and cards? ### Answer: There are many gas stations where I live that already have different prices if you pay for cash vs. credit. In addition, some small bus...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is mortgage interest deductible in the USA for a house you live in? ### Answer: It's a scam pushed through to benefit the banking system. Tax payments become income for the banks. Any alleged bene...
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: Someone who buys a stock is fundamentally buying a share of all future dividends, plus the future liquidation value of the c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can buying REIT's be compared to investing in Real Estate? ### Answer: A couple of distinctions. First, if you were to "invest in real estate" were you planning to buy a home to live in, or buy a home...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Short term parking of a large inheritance? ### Answer: The person who told you "no-load funds" had the right idea. Since you are risk-averse, you tend to want a "value" fund; that is, it's not likely...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In US, is it a good idea to hire a tax consultant for doing taxes? ### Answer: I've been highly compensated for a while now, and I have never used a tax professional. My past complications include th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do with your savings in Japan ### Answer: Been here in Japan 12 years mate, and you're right, the investment options here suck. Be very wary of them, they will take all your money in outrageou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What would be the signs of a bubble in silver? ### Answer: How I recognize a silver bubble: I don't think silver is in a bubble. You state: What goes up, must come down I'm not sure I agree with this....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: IRR vs. Interest Rates ### Answer: IRR is not subjective, this is a response to @Laythesmack, to his remark that IRR is subjective. Not that I feel a need to defend my position, but rather, I'm going ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate P/E ratio for S&P500 sectors ### Answer: For the S&P and many other indices (but not the DJIA) the index "price" is just a unitless number that is the result of a complicated formula....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advice on strategy for when to sell ### Answer: It was not 100% clear if you have held all of these stocks for over a year. Therefore, depending on your income tax bracket, it might make sense to hol...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 401(k) Investment stategies ### Answer: You could end up with nothing, yes. I imagine those that worked at Enron years ago if their 401(k) was all in company stock would have ended up with nothing to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I find a definition of psychological barriers with respect to marketable securities? ### Answer: GuruFocus has an excellent summary of psychological barriers in the markets: http://www.guru...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the best online tool that can track my entire portfolio including gains/losses? ### Answer: You can use a tool like WikiInvest the advantage being it can pull data from most brokerages and you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference between Term and Whole Life insurance? ### Answer: Whole life is life insurance that lasts your whole life. Seriously. Since the insurance company must make a profit, and since ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does bull/bear market actually make a difference? ### Answer: The main difference between a bull market and a bear market is due the "the leverage effect". http://www.princeton.edu/~yacine/leverage.pd...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can we estimate the impact of a large buy order on the share price? ### Answer: I may be underestimating your knowledge of how exchanges work; if so, I apologize. If not, then I believe the answer is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to mitigate the risk of Euro Stoxx 50 ETF? ### Answer: You could go with either of: Choosing this you'd pretty much have minimized your risk by using the whole world asa market. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can Robin Hood offer trading without commissions? ### Answer: Robinhood does offer premium products that they charge for-I suspect we will see more of that in the future. They do not change the bi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do large market players using HFT make it unsafe for individual investors to be in the stock market? ### Answer: There's a lot of hype about HFT. It involves computers doing things that people don't r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is is possible to dispute IRS underpayment penalties? ### Answer: The underpayment "penalty" is just interest on the late payments--willful or not has nothing to do with it. When they feel it's willf...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I claim GST/HST Input Tax Credits (ITCs) on Uber, taxi, or limousine fares? ### Answer: The Canada Revenue Agency describes in detail here what information businesses must generally include on the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Self-employed individual 401k self, match, and profit sharing contribution limits? ### Answer: I can only address this part of it: For instance with a 10k net income, 9293 is the limit for 401k from e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good practice to keep salary account and savings account separate? ### Answer: I can't immediately think of a reason to keep your paycheck and spending account separate, unless it be because y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: implementation of risk managed momentum strategy ### Answer: The paragraph before on page 115 states: Scaling corresponds to having a weight in the long and short legs that is different from one and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I have to pay a capital gains tax if I rebuy different stocks? ### Answer: Yes- you do not realize gains or losses until you actually sell the stock. After you sell the initial stocks/bonds you ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock grant, taxes, and the IRS ### Answer: I went through this too. There's a safe-harbor provision. If you prepay as estimated tax payments, 110% of your previous year's tax liability, there's no pe...
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: I was wondering how do we calculate the total capital of a company? Which items should I look for in the financial statements? Total capital usu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do “Instant Approved” credit card inquires appear on credit report? ### Answer: Businesses you are already established with may do a soft pull to pre-qualify you for an offer. They store the informat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advantages of paying more of your mortgage while you know you won't continue to live there your whole life ### Answer: In the Netherlands specifically, there are several reasons to pay extra off on yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good size distribution for buying gold? ### Answer: Diversification is an important aspect of precious metals investing. Therefore I would suggest diversifying in a number of different ways...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are prepayment penalties for mortgages normal? ### Answer: Fannie Mae and Freddie Mac uniform loans do not have prepayment penalties, so most plain-vanilla loans from national banks and brokers should...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will Indian young ones lose 18% of their EPF with new tax as per Budget 2016? ### Answer: Are these calculations correct? These are approximate calculations and are with the assumption that entire cor...
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: The biggest question is do you want to be a landlord? There are a lot of ups and down to managing property from bad tenants to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm currently unemployed and have been offered a contract position. Do I need to incorporate myself? How do I do it? ### Answer: Do you need to incorporate? This depends on whether the company prefers...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Determining current value for real estate for inheritance purposes ### Answer: There are multiple ways of determining the value of an inherited property. If you aren't planning on selling it, then the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are real estate prices memory-less? ### Answer: For various reasons, real estate prices exhibit far more memory than stock prices. The primary reason for this is that real estate is much less liquid....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the least risky investment for people in Europe? ### Answer: Putting the money in a bank savings account is a reasonably safe investment. Anything other than that will come with additional risk...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I be worried that I won't be given a receipt if I pay with cash? ### Answer: In some states, it is your responsibility to pay the sales tax on a transaction, even if the party your purchase fro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does on-demand insurance company Trov prevent insurance fraud or high prices? ### Answer: Anything can be insured for the right price... this product is offered for devices at higher risk, which w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I early exercise unvested ISOs when the FMV is above the strike price? ### Answer: In the question you cited, I assumed immediate exercise, that is why you understood that I was talking about 3...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is value investing? What are the key principles of value investing? ### Answer: Fama-French would be a couple of names if you want to look at this from a value/growth dichotomy. A simplified for...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I do with “stale” checks? Can I deposit/cash them? ### Answer: You should write a demand letter immediately, send the letter by certified mail, and then wait 30 days. Here is a sample demand ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Employer-Paid relocation as taxable income? ### Answer: If all of the relocation expenses are paid by your employer to the moving companies, then you should not have any tax liability for those paymen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is down -34% in stock terms? ### Answer: The sentence is mathematically wrong and verbally unclear. Mathematically, you calculate the downwards percentage by So, it should be Verbally, the report...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing thought experiment ### Answer: The market cap always reflect the company's equity. Except that you cannot fix a stock price in a free market. A company with such profit pattern would have ...