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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need another health insurance policy? ### Answer: Most of the points by MrChrister are valid. I can't say much for Philippines, however there is a reason for one to go with individual insurance f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean when someone says “FTSE closed at xxx today” ### Answer: FTSE is an index catering to the London stock exchange. It is a Capitalization-Weighted Index of 100 companies listed on th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Taking Losses To Save On Tax ### Answer: No, if you are taking a loss solely and purely to reduce the tax you have to pay, then it is not a good strategy, in fact it is a very bad strategy, no matter ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I make my savings keep in check with or beat inflation over a long time period via index funds? ### Answer: Question 2 Some financial institutions can provide a way to invest small amounts with lo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is someone tax exempt at Walmart in Canada? ### Answer: The short answer is you're tax exempt if the tax laws say you are. There are a bunch of specific exemptions based on who you are, what you'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dealership made me the secondary owner to my own car ### Answer: Imagine that, a car dealership lied to someone trusting. Who would have thought. A big question is how well do you get along with your...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does an x% inflation rate actually mean? ### Answer: Let's say there's a product worth $10 in July and the inflation rate in August is 10%. Will it then cost $11 in August? Yes. That's basically...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Equation to determine if a stock is oversold and by how much? ### Answer: What you are seeking is termed "Alpha", the mispricing in the market. Specifically, Alpha is the price error when compared to ...
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: Value investing is an investment approach that relies on buying securities below their intrinsic values. There are ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The equivalent of the standing order in the internet age for the UK specifically ### Answer: A standing order is still the right way to do this. Most bank accounts have online access and will let your...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Clothing Store Credit Card Account closed but not deleted ### Answer: You have little chance of getting it deleted. I have the same situation, I closed mine in 2006, and the login still works. Keep th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax deductions on empty property ### Answer: If the building has no income, it also probably has minimal expenses. The heat, water and electricity costs are nearly zero. They are letting the value dep...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why pay estimated taxes? ### Answer: While the US tax code does not directly impose an obligation to pay estimated taxes, it does impose a penalty on individuals for failure to pay enough taxes either...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Starting an investment portfolio ### Answer: Is this amount an adequate starting amount to begin investing with? Yes. You can open an account at a brokerage with this amount. I'm not sure I would inve...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When to buy and sell bonds ### Answer: Why does selling a bond drive up the yield? The bond will pay back a fixed amount when it comes due. The yield is a comparison of what you pay for the bond and w...
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: Buy a house when you can, but keep driving your current car until it dies. In ten years' time, a house should be worth more than you pai...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are US target retirement funds weighted so heavily towards US stocks? ### Answer: A target date fund is NOT a world market index. There is no requirement that it be weighted based on the weights o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does the average log-return value of a stock mean? ### Answer: Log-returns are very commonly used in financial maths, especially quantitative finance. The important property is that they're symm...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you sell a security through a different broker from which it was purchased? ### Answer: I'm in the US and I once transferred shares in a brokerage account from Schwab to Fidelity. I received the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's “wrong” with taking money from your own business? ### Answer: I'm no expert on this, but I would say that, if you own the business entirely yourself, there is nothing terribly wrong with using ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Money put down on home ### Answer: I cannot emphasize enough how important it is, when you buy a house with someone you are not married to, to make a legal agreement on how the money should be divided...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When a publicly traded company splits into two how are common shares fairly valued, distributed? ### Answer: How are shareholders sure to receive a fair percentage of each company? At the time the sp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does it make sense to trade my GOOGL shares for GOOG and pocket the difference? ### Answer: To keep it simple, let's say that A shares trade at 500 on average between April 2nd 2014 and April 1st 2015...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Highstreet bank fund, custom ETF or Nutmeg? ### Answer: It's a good question, I am amazed how few people ask this. To summarise: is it really worth paying substantial fees to arrange a generic investm...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Personal credit card for business expenses ### Answer: You should be careful about mingling your personal money and that of the business, even if it is a sole prop right now. It is a good habit to ke...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Malaysian real estate: How to know if the market is overheated or in a bubble? ### Answer: The Motley Fool suggested a good rule of thumb in one of their articles that may be able to help you determin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a house for a shorter term ### Answer: To answer your question, you need to ask yourself Common transaction costs can be really hard to compensate in a single year. It can include house inspec...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When's the best time to sell the stock of a company that is being acquired/sold? ### Answer: I'm not sure what you expect in terms of answers, but it depends on personal factors. It pretty well has to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal if I'm managing my family's entire wealth? ### Answer: I transfer all their funds to my bank account Are they paying tax on that transfer? Gifts under $14,000 are excluded from taxation i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 401k Transfer After Business Closure ### Answer: You should probably consult an attorney. However, if the owner was a corporation/LLC and it has been officially dissolved, you can provide an evidence ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can't the account information on my checks be easily used for fraud? ### Answer: Yes this is a huge security loophole and many banks will do nothing to refund if you are scammed. For example for busi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First home buyer, financing questions ### Answer: I think we would be good with paying around $1200 monthly mortgage fees (with all other property fees included like tax etc.) You probably can't get a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does an owner of a bond etf get an income even if he sells before the day of distribution? ### Answer: There are two 'dates' relevant to your question: Ex-Dividend and Record. To find out these dates ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which student loans to pay off first: Stafford or private? ### Answer: At the current rates, stated in the question, I would push additional funds towards your Stafford loans as their higher interest ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where I am I liable for taxes? ### Answer: You will have to pay your taxes in the UK not USA. For tax purposes it is the company's tax residency not where the server is located. You are just hiring a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does implied volatility always rise as earnings announcements approach? ### Answer: Changes in implied volatility are caused by many things, of course, and it is tough to isolate the effect you are de...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Received an unexpected cashiers check for over $2K from another state - is this some scam? ### Answer: Some of these answers are actually wrong. Basically if you were to cash this cheque, you are comm...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are investment options for young married couple with no debt that have maxed out retirement savings? ### Answer: You can't max out your retirement savings. There are vehicles that aren't tax-adva...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some examples of unsecured loans ### Answer: Auto loans are secured agains the car. "Signature" loans, from a bank that knows and trusts you, are typically unsecured. Unsecured loans other t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I move my 401k to another country without paying tax penalty? ### Answer: hello – I am a natural born US citizen; I have worked 35+ years in the United States; I have a 401(k), IRA, Social Securit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why should we expect stocks to go up in the long term? ### Answer: Stocks "go up 5-7% every year. This has been true for the last 100 years for the S&P500 index...." This was true in the 20th century ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What percentage of my stock portfolio should be international (non-US) stocks? ### Answer: Rephrasing your question: Am I diversified if I have more than 50% US stocks? I would say that you can cer...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does a stock price drop as soon an I purchase several thousand shares at market price? ### Answer: Unless you are buying millions of dollars worth of a stock at a time, your transaction is a drop ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 200K 10-Year Investment Safest 5% Annual Return? ### Answer: Invest in a high quality dividend paying group of stocks. Look up "stock aristocrats" to find longterm quality stocks that have regularly...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Comparing option data between yahoo finance and CBOE for SPY options ### Answer: The CBOE site, as well as some other sites and trading platforms, will show the bid/ask and statistics for that option ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Definition of “secular” in the context of markets? ### Answer: Secular means a long term. A secular basis is something done on a long term basis while a secular trend is a long term trend. http://fin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is accident insurance worth it for my kids who play sports ### Answer: The general answer to any "is it worth it" insurance question is "no," because the insurance company is making a profit on the in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I cancel an existing credit card so I can open another that has rewards? ### Answer: Hits to your credit rating for canceling one of the newer cards will be a small hit for a few months. You d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Frequency of investments to maximise returns (and minimise fees) ### Answer: Wow, this turns out to be a much more difficult problem than I thought from first looking at it. Let's recast some of the v...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do mutual fund companies deliberately “censor” their portfolios/funds? ### Answer: There is a survivorship bias in the mutual fund industry. It's not about individual stocks in which those funds inves...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stores and manufacturers use mail in rebates? A scam, or is there a way to use them effectively? ### Answer: There are many reasons, some already covered by other answers. I have a blog post on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can gold prices vary between two places or country at the same time? ### Answer: The market prices for futures and depository ETFs like GLD and IAU are pretty consistent. Prices for physical gold at ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As an employee, when is it inappropriate to request to see your young/startup company's financial statements? ### Answer: This is several questions wrapped together: How can I diplomatically see the c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is engaging in stocks without researching unwise? ### Answer: If you don't want to do the deep research on each individual company, you might want to look at index funds and similar "whole market" inv...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are my investment options in real estate? ### Answer: If you're looking for a well-rounded view into what it's like to actually own/manage real-estate investments, plus how you can scale things u...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do rich people guarantee the safety of their money, when savings exceed the FDIC limit? ### Answer: The FDIC has been pretty good at recovery lost money from failed banks. The problem is the tempo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing in hemp producers in advance of possible legalization in Canada? ### Answer: Hemp is already pretty easily grown by farmers here. Canada had 50,000 acres of legal hemp in 2006, but it's bee...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When shorting a stock, do you pay current market price or the best (lowest) available ask price? ### Answer: When you want to short a stock, you are trying to sell shares (that you are borrowing from ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to evaluate investment risk in practical terms ### Answer: Generally investing in index-tracking funds in the long term poses relatively low risk (compared to "short term investment", aka speculat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How could the 14th amendment relate to the US gov't debt ceiling crisis? ### Answer: It's a disturbing development -- someone is floating the idea that the executive has the ability to issue debt with...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What determines the price of fixed income ETFs? ### Answer: The literal answer to your question 'what determines the price of an ETF' is 'the market'; it is whatever price a buyer is willing to pay an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I withdraw from my Roth IRA retirement account to fund a startup? ### Answer: Yes, it is possible to withdraw money from your Roth IRA before retirement (but I wouldn't necessarily advise you to d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing in dividend-yielding stocks with money borrowed from margin account? ### Answer: You can use long-term options called LEAPS to increase dividend yield. Here's how it works: Let's say you buy...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does “interest rates”, without any further context, generically refer to? ### Answer: It refers to the risk free rate of a particular country. Because all other rates are usually pegged to the ri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the opposite of a hedge? ### Answer: I guess the opposite of being hedged is being unhedged. Typically, a hedge is an additional position that you would take on in order to mitigate the potent...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What percentage of my money should I invest outside my country? ### Answer: Your definition of 'outside your country' might need some redefinition, as there are three different things going on here . ...
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: While tax deferral is a nice feature, the 401k is not the Holy Grail. I've seen plenty of 401k's where the investment options are hor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate PE ratios for indices such as DJIA? ### Answer: One thing to keep in mind when calculating P/E on an index is that the E (earnings) can be very close to zero. For example, if you had...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I even need credit cards? ### Answer: You don't need a credit card anymore than you need a TV or a car. There might be many circumstances where a credit card is a convenience, there might be thing...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any benefits to investing with a group of friends vs. by myself? ### Answer: In most markets, there are fixed fees known as commissions. For instance, with a retail broker in the stock marke...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Roth IRA - Vanguard or Fidelity? If a college student had to pick one? ### Answer: Well, a couple things to keep in mind: Even if you have enough to meet the minimum initial amount, you need to have a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What one bit of financial advice do you wish you could've given yourself five years ago? ### Answer: Maybe not exactly 5 years ago, but the big thing I wish I understood starting out my career was ret...
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: Mainly because they can. Yes, there is a cost for banks to execute such transactions, and yes, there is a cost to cover t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a way to buy raw oil today and sell it in 1 year time? ### Answer: There are many ways of investing either directly or indirectly in oil: all of these options are ways to invest in an expecte...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much do large sell orders affect stock price? ### Answer: The volume required to significantly move the price of a security depends completely on the orderbook for that particular security. There ...
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's relevant to whether you accept the offer should be the compensation package (including salary and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How did this day trader lose so much? ### Answer: Learn something new every day... I found this interesting and thought I'd throw my 2c in. Good description (I hope) from Short Selling: What is Short ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Having a separate bank account for business/investing, but not a “business account?” ### Answer: You don't specify which country you are in, so my answers are more from a best practice view than a leg...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How many days does Bank of America need to clear a bill pay check ### Answer: We have a local bank that changed to a bill pay service. The money is held as "processing" when the check is supposed to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: why the currency data(such as USD/JPY) is different from different source ### Answer: A day is a long time and the rate is not the same all day. Some sources will report a close price that averages th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: No trading data other than close for a stock on a given date ### Answer: The last column in the source data is volume (the number of stocks that was exchanged during the day), and it also has a value ...
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: There is not any fraud involved. Anybody can gift money to another person. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to minimise the risk of a reduction in purchase power in case of Brexit for money held in a bank account? ### Answer: The mathematical answer is for you to have a diversified portfolio in your ISA...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some good ways to control costs for groceries? ### Answer: Check out the bulk stores like BJs, Sam's Club or whatever else is available to you. You can definitely save money shopping there b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a good options strategy that has a fairly low risk? ### Answer: There isn't really a generic options strategy that gives you higher returns with lower risk than an equivalent non-options stra...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I sell when my stocks are growing? ### Answer: In my view, it's better to sell when there's a reason to sell, rather than to cap your gains at 8%. I'm assuming you have no such criteria on the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it really possible to get rich in only a few years by investing? ### Answer: Yes, it's possible. However, it's not likely, at least not for most people. Earning a million is not that difficult, but...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should one invest in smaller valued shares in higher amounts, or higher valued shares in smaller amounts? ### Answer: There's a case to be made that companies below a certain market cap have more pote...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strategic countermeasures to overcome crisis in Russia ### Answer: You could of course request payment in EUR or USD, maybe keep a PayPal account and just leave the funds in PayPal unless you need to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: privacy concerns when receiving money from paypal from strangers? ### Answer: You'll need to check PayPal's terms of service for that first question. I would imagine you could, as my wife and I both h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can saving/investing 15% of your income starting age 25, likely make you a millionaire? ### Answer: Yes, becoming a millionaire is a reasonable goal. Saving 15% of your income starting at age 25 and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens if one brings more than 10,000 USD with them into the US? ### Answer: Since all the other answers thus far seem to downplay the risk (likelihood) of the money being seized, I figure I may...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Payroll question ### Answer: Ask the company if they can make an adjustment for the next paycheck. If they can't then do the following: Increase the number of Federal exemptions by 1. In 2014 a person...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing small amounts at regular intervals while minimizing fees? ### Answer: You can open a 529 plan for your child. The minimum contribution for my state is only $25. You can setup automatic depos...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there extra fees for a PayPal Premier account? ### Answer: Summary: the fees used to differ but no longer do. Fees are the same. If you have a personal account, feel free to upgrade it to premier ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: give free budgeting advice ### Answer: Legally ok? Sure. Friends frequently discuss financial matters, and share advice. This is quite far from taking money from them and managing it, where at some po...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Most Efficient Way to Transfer Money from Israel to the USA? ### Answer: Check with stock brokers. Some of them will offer ILS->USD conversion at a very beneficial rate (very close to the official), w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks allow more control over credit/debit card charges? ### Answer: The other answers touch on why having two-factor auth or some other additional system is not worth it compared to simple ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What benefits are there to having a Pension (Retirement Account) In Ireland? ### Answer: As you point out, the main benefits of a pension/retirement account over a traditional cash/taxable account are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ways to establish credit history for international student ### Answer: There's an excellent new service called SelfScore that offers US credit cards to international students. They work with students ...