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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best use of “spare” money? ### Answer: With 40% of your take-home available, you have a golden opportunity here. Actually two, and the second builds out easily from the first. Golden Oppo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I take contributions out of my Roth IRA to live off of? ### Answer: Take another job. From a personal finance perspective this is the wrong reason to dip into a retirement account. You will l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How will going from 75% Credit Utilization to 0% Credit Utilization affect my credit score? ### Answer: I wrote an article about FICO scoring which shows that 30% of your score is based on utilization...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 3-year horizon before trading up to next home: put windfall in savings, or pay off mortgage? ### Answer: A few points to consider - Welcome to Money.SE. This is not a discussion board, but rather, a s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do property taxes get deducted 100% from the Annual Tax Return or only a fraction of them? ### Answer: If your deductions are higher than the standard deduction, you will be able to subtract property ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What expenses do most people not prepare for that turn into “emergencies” but are not covered by an Emergency Fund? ### Answer: Extended illness/disability that prevents you from being able to work. E...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Questioning my Realtor ### Answer: My realtor told me that even though they're only asking for 1/2 the money and have excellent credit that the mortgage company may not lend it to them if I'm ove...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the amount taxable if my grandfather sells agricultural land ### Answer: As your is a very specific case, please get an advice of CA. It should not cost you much and make it easier. The sale of agr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to manage household finances (income & expenses) [duplicate] ### Answer: My wife and I have close to equal incomes, and are not young. What we have is this: Some people would classify our system ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: “Inflation actually causes people not to spend”… could it be true? ### Answer: Not always. You always consider economic factors in conjunction with each other rather than in isolation, which leads to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What ETF best tracks the price of gasoline, or else crude oil? ### Answer: There is no ETF that closely tracks oil or gasoline. This is because all existing oil and gasoline ETFs hold futures contract...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Isn't the subtraction of deprecation and amortization redundant in the calculation of Owner's Earnings? ### Answer: This formula is not calculating "Earnings". Instead, it is calculating "Free Cash F...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I re-allocate my portfolio now or let it balance out over time? ### Answer: As you note, your question is inherently opinion-based. That said, if I were in your situation I would sell the stoc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a currency “hedged” ETF actually a more speculative instrument than an unhedged version? ### Answer: Overall, since gold has value in any currency (and is sort of the ultimate reserve currency), wh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are American Express cards are not as popular as Visa or MasterCard? ### Answer: I have a merchant account and accept Visa, Mastercard, and Discover but not AMEX. I don't take AMEX because they wa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best way to stay risk neutral when buying a house with a mortgage? ### Answer: To avoid risk from rising interest rates, get a fixed rate mortgage. For the life of the mortgage your princi...
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: 1: Low fees means: a Total Expense Ratio of less than 0,5%. One detail you may also want to pay attention to whether the fund rei...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Moving from India to Europe - Bank accounts and Mutual funds ### Answer: Once you become NRI or know for sure you would be one, you can't hold ordinary accounts. Convert existing savings account into ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Market Making vs Market Taking (Quotes vs Orders) ### Answer: Quote driven markets are the predecessors to the modern securities market. Before electronic trading and HFTs specifically, trading was th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I consider my investment in a total stock market fund “diverse”? ### Answer: You are diversified within a particular type of security. Notably the stock market. A truly diversified portfolio no...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Getting (historical) Standard & Poor Stock Guides ### Answer: I haven't seen one of these in quite some time. Back in the 1970s, maybe the 1980s, stock brokers would occasionally send their retail cli...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I co-signed a car but i am listed as the primary account holder for the loan ### Answer: First of all you do not "co-sign a car". I assume what you mean by this is that you co-signed a loan, and the m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I continue to invest in an S&P 500 index fund? ### Answer: You have a good thing going. One of the luxuries of being invested in an index fund for the long term is that you don't have to sweat ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are these scenarios considered as taxable income? ### Answer: You can always reduce the income by the direct expenses required to earn it, and figure out whether it is ultimately a net profit or loss....
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: Everyone is usually better off without insurance. A very few people are much better off with insurance. Ins...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is there so much variability on interest rate accounts ### Answer: In answering your question as it's written: I don't think you're really "missing" something. Different banks offer different rate...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to represent “out of pocket” purchases in general ledger journal entry? ### Answer: You're lending the money to your business by paying for it directly. The company accounts must reflect a credit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are options created? ### Answer: Do you need to buy car insurance? If you do, you are buying to open a put option. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How Often Should I Chase a Credit Card Signup Bonus? ### Answer: See the accepted answer for this question. What effect will credit card churning for frequent flyer miles have on my credit score? Thi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Closing a futures position ### Answer: Assuming these are standardized and regulated contracts, the short answer is yes. In your example, Trader A is short while Trader B is long. If Trader B wants ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Retirement Funds: Betterment vs Vanguard Life strategy vs Target Retirement ### Answer: Katherine from Betterment here. I wanted to address your inquiry and another comment regarding our services. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what point should I go into credit card debt? ### Answer: Financially, it simply doesn't make sense to go into debt here. It may be that living on credit cards for a while gives you a chance to rec...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why did my number of shares of stock decrease? ### Answer: During a stock split the only thing that changes is the number of shares outstanding. Typically a stock splits to lower its price per share....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean that stocks are “memoryless”? ### Answer: It reminds me of the Efficient Market Hypothesis, except that just states in its weakest form that the current market price accounts for all...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do there exist any wikipedia type sites for evaluating financial service providers? ### Answer: Excellent question. I'm not aware of one. I was going to say "go visit some personal finance blogs" but...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment options ### Answer: You are only 33, with plenty of time to generate long-term returns. A correction is an opportunity for you to buy more at a lower price. My advice: invest about half in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: E*Trade commission ### Answer: The commission is per trade, there is likely a different commission based on the type of security you're trading, stock, options, bonds, over the internet, on the phone,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are capital gains taxed at a lower rate than normal income? ### Answer: There are two alternative explanations: Choose the explanation you prefer based on your level of cynicism. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is sales tax for online purchases based on billing- or shipping address? ### Answer: The technical answer is defined by the laws of state you live in but most (all?) states with a sales tax have some ...
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: Most bank registers (where you write down entries) show deposits (+) to account as a CREDIT. Payments, fees...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it bad etiquette to use a credit or debit card to pay for single figure amounts at the POS ### Answer: It's fine. Some people (including myself) charge any amount, no matter how small. I think cha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does FlagStar Bank harass you about payments within grace period? ### Answer: All standard mortgage promissory notes mandate payments are due on the first of every month; I can almost guarantee th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Selling on eBay without PayPal? ### Answer: It's been a short while since I sold on eBay, but I had a feedback rating of about 4,500 so I've done a lot of transactions. The trump card is, and always w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How exactly could we rank or value how “rich” a company brand is? ### Answer: Those rankings in particular that you cite are compiled by Millward Brown and the methodology is explained like this: ###e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are some long term investors so concerned about their entry price? ### Answer: It has got to do with the irrationality of humans. The so called long term investor is in it for the long term, they...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Accounting equation: does income really decrease equity? ### Answer: The accounting equation, in short, is: This can be further broken down into: Which can be further broken down into: The GnuCash equ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: ~$75k in savings - Pay off house before new home? ### Answer: Congratulations on saving up $75,000. That requires discipline and tenacity. There are a lot of factors that would go into making your d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should you always max out contributions to your 401k? ### Answer: To be clear, a 401K is a vehicle, you make investments WITHIN it, if you choose poorly such as say putting all your money into company...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I made an investment with a company that contacted me, was it safe? ### Answer: My personal experience tells me that nearly 100% of people who approach you have their own interests in mind. Things you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I Have Received a 1099-G? ### Answer: When you itemize your deductions, you get to deduct all the state income tax that was taken out of your paycheck last year (not how much was owed, but how ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In Australia, how to battle credit card debt? ### Answer: Short-term, getting a balance transfer will help. It'll reduce the interest you pay. You can also reduce the interest you pay on your cars if...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I tell what is “real” Motley Fool advice? ### Answer: These advertisements try to take advantage of the short term memory loss of older people. If you keep an old person watching long enough t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any banks with a command-line style user interface? ### Answer: A bank is unlikely to provide a 'command line' interface because typical users consider a graphical interface easier to use th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are my tax-advantaged investment options at a university job? ### Answer: Yes. Two years after your first contribution to the SIMPLE IRA, you can roll it to a traditional IRA. You can still cont...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: devastated with our retirement money that we have left ### Answer: It sounds like the kinds of planners you're talking to might be a poor fit, because they are essentially salespersons selling investm...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros, cons, and taxation of Per Diem compensation? ### Answer: Beware if injured on the job they will not add per diem to your wages meaning you make less and your wc benefits will be less !! ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does a stock's price fluctuate so often, even when fresh news isn't available? ### Answer: In addition to what @George Marian said, a very large portion of trades are from computer programs traine...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do company-provided meals need to be claimed on my taxes? ### Answer: It looks like the resource to deciding these is here Concerning the meals, the law seems a bit vague to me. You can exclude the v...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I determine which stores are regarded as supermarkets for a rewards credit card? ### Answer: Looks like a user-contributed list is the only good solution to this question, so I'll start one by...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Simple and safe way to manage a lot of cash ### Answer: You can move most or all of those financial products into a single account at one institution, but I wouldn't go with a "mutual fund account" li...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do if the stock you brought are stopped trading ### Answer: The Indian regulator (SEBI) has banned trading in 300 shell companies that it views as being "Shady", including VB Industries. Accor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Online streaming video/audio financial/stock programs ### Answer: The CNBC site is littered with videos. Whenever I click a link to one of their articles, it seems to be a video instead. Not like havi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What steps should be taken, if any, when you find out your home's market value is underwater, i.e. worth less than the mortgage owed? ### Answer: I will echo the others; your home should be worth more...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Recommended finance & economy book/blog for a Software Engineer? ### Answer: Another good economic comment blog is Naked Capitalism. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is being “upside down” on a mortgage so bad? ### Answer: For most people "home ownership" is a long term lifestyle strategy (i.e. the intention is to own a home for several decades, regardless of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a company sell debt in order to buy back shares and/or pay dividends? ### Answer: Businesses have bond ratings just like people have credit ratings. It has become common for businesses to is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which type of investments to keep inside RRSP? ### Answer: Milliondollarjourney.com has a couple of articles on this topic. How Investing Taxes Work part 1 and part 2. The following is a summary of th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When is the right time to buy a car and/or a house? ### Answer: My recommendation is to pay off your student loans as quickly as possible. It sounds like you're already doing this but don't incur any ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Filling Balance sheet in ITR4 for freelancers ### Answer: ITR-4 is for incorporated business. For freelancing, You can fill ITR 2 and declare the freelancing income as "income from other source". Refe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth buying real estate just to safely invest money? ### Answer: People in the United States in the mid-2000's thought that real estate was safe. Then they discovered that when the bubble burs...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I finance a new home theater at 0% even though I have the cash for it? ### Answer: I think so. I am doing this with our furniture. It doesn't cost me any more money to pay right now than it w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to learn about doing technical analysis? Any suggested programs or tools that teach it? ### Answer: Recommended? There's really no perfect answer. You need to know the motivations of the particip...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to think of two at the money call options with different strike prices and premiums? ### Answer: As other uses have pointed out, your example is unusual in that is does not include any time value...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Newbie question - Brokerage and selling shares ### Answer: Capital gains tax is an income tax upon your profit from selling investments. Long-term capital gains (investments you have held for more tha...
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: You have a couple of options: Auto-investing in an open-end mutual fund. Some companies may waive a minim...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Contributing factors to historical increase in trading volume ### Answer: It's not primarily more people investing. In the 1980s stock exchanges went from open outcry trading floors where all trades i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Equity market inflow meaning ### Answer: If for every buyer, there's a seller, doesn't that also mean that there were $25B in outflows in the same time period? Yes for every buyer there is a seller. T...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a home without a Real Estate Agent - Who should I get to do the paperwork? ### Answer: For a real estate transaction there are multiple stages: From the sellers viewpoint: From the buyers viewp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What accounted for DXJR's huge drop in stock price? ### Answer: For all stocks, expected Dividends are a part of the price it is traded for - consider that originally, the whole idea of stocks was to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any experience with maxing out 401(k)? ### Answer: I moved from contributing 10% to maxing as my salary rose over the course of three years after graduation. Because of my raises, my monthly take hom...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a bank account that allows ACH deposits but not ACH withdrawals? ### Answer: Yes, kinda. Talk to local banks about a business account, and tell them you want to enable certain employees to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Canceling credit cards - insurance rate increase? ### Answer: The comments section to Dilip's reply is overflowing. First - the OP (Graphth) is correct in that credit scoring has become a game. A ser...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What ways are there to invest in stocks, options, indexes, etc, and where should one start (what funds)? ### Answer: I take the route of the tortoise. I subscribe to the adage that you invest in an e...
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: Google Portfolio does the job: https://www.google.com/finance/portfolio You can add transaction data,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I deposit a check made out to my business into my personal account? ### Answer: I have checked with Bank of America, and they say the ONLY way to cash (or deposit, or otherwise get access to t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to bear in mind when considering a rental home as an investment? ### Answer: Here would be the big two you don't mention: Time - How much of your own time are you prepared to commit to this? Are ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Methods for forecasting price? ### Answer: It's not impossible to forecast the future price of a commodity. However, it's exactly that; an educated guess, much like the weather, and the further out th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I pay taxes on my earnings, would someone also pay taxes on the same earnings if I subcontract them and pay a share? ### Answer: If you want to subcontract some of your excess work to somebody else...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to invest to become millionaire? ### Answer: I get the sense that this is a "the world is unfair; there's no way I can succeed" question, so let's back up a few steps. Income is the starting...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I pay a zero % loan before another to clear both loans faster? ### Answer: While, from a money-saving standpoint, the obviously-right course of action is to make only the minimum payment on the 0% ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best way to invest in gold as a hedge against inflation without having to hold physical gold? ### Answer: Investing in gold without having physical gold is not really a hedge against infla...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to get life insurance as a beneficiary before the person insured dies? ### Answer: The short answer is "No". There a 2 ways to get cash from a life insurance policy. If the policy has ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I can't understand candlestick shadows ### Answer: Each candlestick in a candlestick chart represents the open, close, high and low for a period of time. If you are looking at a daily chart it represe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I buy only 4 shares of a company? ### Answer: Yes you can. it's called Odd Lot ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My medical bill went to a collection agency. Can I pay it directly to the hospital? ### Answer: Short Answer Collections agencies and the businesses they collect for are two different animals. If you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a list of OTC stocks being added to the major exchanges? ### Answer: Reuters has a service you can subscribe to that will give you lots of Financial information that is not readily available ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will a credit card issuer cancel an account if it never incurs interest? ### Answer: Some years ago a call center operator told me a bit more than they probably should have. They like to see a lot of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the reasons to get more than one credit card? ### Answer: I have a fair number of cards floating around some reasons I have opened multiple accounts. I am not saying that it is for everyone b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros & cons of investing in gold vs. platinum? ### Answer: One might hope for slightly more rationality in the platinum market. Rarely does one hear talk of "platinum bugs", rants about how every soci...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does Yahoo Finance and Google Finance not match historical prices? ### Answer: I work on a buy-side firm, so I know how these small data issues can drive us crazy. Hope my answer below can help yo...