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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do car rental companies prefer/require credit over debit cards? ### Answer: A hotel can accept the debit card because each night they can withdraw the money. If you don't have sufficient funds the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Applying for and receiving business credit ### Answer: Banks will usually look at 2 years worth of tax returns for issuing business credit. If those aren't available (for instance, for recently forme...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If you own 1% of a company's stock, are you entitled to 1% of its assets? ### Answer: No. You're entitled to 1% of votes at the shareholders' meeting (unless there's class division between shareholder...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: List of Investments from safest to riskiest? ### Answer: I think your premise is slightly flawed. Every investment can add or reduce risk, depending on how it's used. If your ordering above is intende...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any tax consequences I should be aware of when managing my wealth? ### Answer: If you invest in mutual funds, exchange-traded funds (ETFs), and segregated fund contracts, you must report all...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 2 401k's and a SEP-IRA ### Answer: question #2 - yes, 25% of your 1099 income. Good idea. It adds up quickly and is a good way to reduce taxable income. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Pension Benefit Information (aboutmyletter.com) legitimate? ### Answer: To boil down what mgkrebbs said: Yes, you should send back the form, provided that it doesn't ask for any more information th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should a 21 year old do with £60,000 ($91,356 USD) inheritance? ### Answer: What a lovely position to find yourself in! There's a lot of doors open to you now that may not have opened naturally f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is volatility in a positive direction clubbed in the same risk category as volatility in a negative direction? ### Answer: Mostly, when an equity's price rises, its statistical and implied volatil...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do most banks in Canada charge monthly fee? ### Answer: Arguably, "because they can". Canada's banking industry is dominated by five chartered banks who by virtue of their size, pretty much deter...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a correlation between self-employment and wealth? ### Answer: Many studies show that the wealthiest households are self employed and small business owners. But there is significant risk assoc...
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: It is such a touchy subject for many people, I have to say that simple "set it and forget it" kind of investing i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As a sole proprietor can I charge a fee for being paid by check or card ### Answer: You can charge a fee to accept checks, although I think the better solution might be to offer a small discount for e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are residential investment properties owned by non-professional investors and not large corporations? ### Answer: Economy of scale on one side versus "person monetizing an illliquid asset" on the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are you preparing for a possible dollar (USD) collapse? (How?) ### Answer: The collapse of the US economic system is one of the many things I am preparing for. To answer the how, me personally I am do...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: “Infinite Banking” or “Be Your Own Bank” via Whole Life Insurance…where to start? ### Answer: There are a lot of false claims around the internet about this concept - the fact of the matter is you are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do dishonour fees exist? ### Answer: In the United States, many banks aim to receive $ 100 per year per account in fees and interest markup. There are several ways that they can do this on a chec...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I get interesting resources on Commodities? ### Answer: I would recommend that go through some forums where commodities topics be discussed so that if you have some issues related any point ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much time would I have to spend trading to turn a profit? ### Answer: What determines your profitability is not your time, but your TRADES. It is probably a mistake to go into the market and say, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Basic mutual fund investment questions ### Answer: You asked 3 questions here. It's best to keep them separate as these are pretty distinct, different answers, and each might already have a good detai...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can make a stock price rise without good news or results? ### Answer: As a general principle the stock price on the stock market is controlled by an agreement between buyers and sellers. Some ini...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 30-year-old saved $30,000: what should I do with it? ### Answer: First, two preliminaries, to address good points people made in comments. As AbraCadaver noted, before you move your $30k to something ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What forces cause a company to write down goodwill? ### Answer: To understand the answer we first have to understand what Goodwill is. Goodwill in a companies balance sheet is an intangible asset that...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you calculate the rate of return (ROR) when buying and selling put options? ### Answer: What Jaydles said. I think of each strategy in terms of Capital at Risk (CaR). It's a good thing to know ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Looking for a stock market simulation that's as close to the real thing as possible ### Answer: Stock market is like poker: you don't take the same risks when it is fake money and thus you don't learn...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Forex vs day trading for beginner investor ### Answer: Forex vs Day Trading: These can be one and the same, as most people who trade forex do it as day trading. Forex is the instrument you are trading...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to make money from a downward European market? ### Answer: Not a day goes by that someone isn't forecasting a collapse or meteoric rise. Have you read Ravi Batra's The Great Depression of 1990? Th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can my accounting for Tax Basis differ from my broker's ### Answer: No. If you didn't specify LIFO on account or sell by specifying the shares you wish sold, then the brokers method applies. From Pub...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a CEO short his own company? ### Answer: It seems also on some international markets this is allowed. http://www.businessinsider.com/li-hejun-shorting-hanergy-2015-5 ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying off a loan with a loan to get a better interest rate ### Answer: Before we were married my wife financed a car at a terrible rate. I think it was around 20%. When trying to refinance it the rem...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I explain why debt on debt is bad to my brother? ### Answer: If you're looking for an analogy or exercise, I saw a personal finance show that had people climb stairs, with the debt as weight. E...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dividends and tax withholding for ETF vs Mutual Fund for U.S. Non-Resident Alien? ### Answer: Does my prior answer here to a slightly different question help at all? Are there capital gains taxes or d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What implications does having the highest household debt to disposable income ratio have on Australia? ### Answer: I'd like to see a credible source for "the highest", but it's certainly fairly high. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Expiring 401(k) Stock Option and Liquidation Implications ### Answer: I have had this happen a couple of times because of splits or sales of portions of the company. The general timeline was to annou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will there always be somebody selling/buying in every stock? ### Answer: When there are no buyers, you can't sell your shares, and you'll be stuck with them until there is some interest from other inv...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can one graph portfolio performance over time? ### Answer: I've just started using Personal Capital (www.personalcapital.com) after seeing the recommendation at several places. I believe it giv...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I detect potential fraud in a company before investing in them? ### Answer: Most of the information we get about how a company is running its business, in any market, comes from the company. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mitigate Effects Of Credit With Tangible Money ### Answer: Genius answer: Don't spend more than you make. Pay off your outstanding debts. Put plenty away towards savings so that you don't need to rely...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why did the price of ASH common stock drop when the market opened on May 15, 2017? ### Answer: Ashland Global Holdings Inc. (ASH) sold off their ownership in Valvoline Inc. (VVV). Friday, May 12 was ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to evaluate stocks? e.g. Whether some stock is cheap or expensive? ### Answer: I look at the following ratios and how these ratios developed over time, for instance how did valuation come down in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who can truly afford luxury cars? ### Answer: It's all about what you value personally. I'm mid-30s and drive a $40K "luxury" sports car. I also happen to wear a $6K wristwatch every day. I purchase...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When should I walk away from my mortgage? ### Answer: Interestingly enough, "strategic default" seems to be more common than one might think in California and there is actually a lot of information av...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why the S&P futures prices are not reflecting the general bullish sentiment of the US stock market ### Answer: This is a great question for understanding how futures work, first let's start with your ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can ETF's change the weighting of the assets they track ### Answer: Can they change the weights? Yes. Will they? It depends. are ETF's fixed from their inception to their de-listing? It's actually not...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with the 50k I have sitting in a European bank? ### Answer: You might want to just keep it in cash. For one step further you could do an even split of USD, EUR and silver. USD hedges ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the sale of personal items need to be declared as income on my income taxes? ### Answer: I doubt it. In the States you would only owe tax if you sold such an item at a profit. "garage sales" aren...
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: The $10,000 mark is not a ceiling in importing cash, but rather a point where an additional declaration needs to be m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: To use a line of credit or withdraw from savings ### Answer: No one can really answer this for you. It is a matter of personal preference and the details of your situation. There are some really sma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: High-risk investing is better for the young? Why? ### Answer: The reason that you are advised to take more risk while you are young is because the risk is often correlated to a short investment horizo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to trade US stock from Europe ? ### Answer: Yes, it's possible and even common but it depends on your bank or broker. One of the main differences is that you might assume FX risk if you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do some people say a house “not an investment”? ### Answer: Your house is not an asset, it is a liability. Assets feed you. Liabilites eat you. Robert Kiyosaki From a cash flow perspective your pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are “hard money loans” meant only for real estate? ### Answer: From Wikipedia: A hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I predict if it is better to save money in USD or local currency? ### Answer: Typically, the higher interest rates in local currency cover about the potential gain from the currency exchange rate ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do with an expensive, upside-down car loan? ### Answer: An option that no one has yet suggested is selling the car, paying off the loan in one lump sum (adding cash from your emergency sum, if...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Comparing the present value of total payment today and partial payments over 3 months ### Answer: I got $3394.83 The first problem with this is that it is backwards. The NPV (Net Present Value) of th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit card interest calculator with grace period & different interest rate calculation methods? ### Answer: If you want to ensure that you stop paying interest, the best thing to do is to not use the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What will be the long term impact of the newly defined minimum exchange rate target from francs to euro? ### Answer: The total size of the eurozone economy is $13 trillion, whereas Switzerland'd GDP i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks give access to all your transaction activity? ### Answer: Many good points have been brought up, and I'll just link to them here, for ease. Source: I work at a credit/debit card transa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is unrealized gain part of asset? ### Answer: There's an expression, "stock prices have no memory." Apple trades at about $115. Why would I carry my shares at anything but $115 even though I paid say ...
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: By coincidence, I entered this position today. Ignore the stock itself, I am not recommending a particular stock, just looking ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why aren't bond mutual funds seeing huge selloffs now? ### Answer: The Fed sets the overnight borrowing costs by setting its overnight target rate. The markets determine the rates at which the treasu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens if a company I have stock in is bought out? ### Answer: A buy out is agreed by shareholders. Plus most countries have regulation protecting minority interest. Depending on the terms of bu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why might it be advisable to keep student debt vs. paying it off quickly? ### Answer: I have never double-answered till now. This loan can't be taken out of context. By the way, how much is it? What ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Warrant shares/UNIT ### Answer: A warrant is similar to a call option (the right to buy stock at a certain price), with the difference that warrants are filled by the issuing company with new shares, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I find a good mutual fund to invest 5K in with a moderately high amount of risk? ### Answer: Vanguard has a lot of mutual fund offerings. (I have an account there.) Within the members' sectio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Owner-Financed home sale or Land Contract — how to handle the transaction and the ongoing entity? ### Answer: You need to talk to a local attorney specializing in real estate matters. The contract nee...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to miss the dividend and buy the undervalued stock? ### Answer: The stock tends to drop by the amount of the dividend -- or if you prefer to think of it this way, the stock price has been...
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: Annual property tax and home insurance come to mind as things that are e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate car insurance quote ### Answer: On top of the given answers, the type of referral will also factor in. When you're up for renewal and go to a comparison site (in the UK: CompareTheMar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do stocks like INL (traded in Frankfurt) work? ### Answer: A "stock price" is nothing but the price at which some shares of that stock were sold on an exchange from someone willing to sell those s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I help my friend change his saving habits? ### Answer: In the end, this is really not a finance question. It's about changing one's habits. (One step removed, however, since you are helping a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What size “nest egg” should my husband and I have, and by what age? ### Answer: There are three numbers that matter in that calculation: 1) How much do you expect per month from in pension/social secu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a general guideline for what percentage of a portfolio should be in gold? ### Answer: 10% is way high unless you really dedicate time to managing your investments. Commodities should be a par...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is taxation for youtube/twitch etc monetization handled in the UK? ### Answer: Unless your video does very well, it's unlikely that your income from it will exceed your expenses incurred in making...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Over how much time should I dollar-cost-average my bonus from cash into mutual funds? ### Answer: There have been studies which show that Dollar Cost Averaging (DCA) underperforms Lump Sum Investing (...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When to use a stop limit order over a stop order ### Answer: This is to protect your position in specific highly volatile market conditions. If the stock is free falling and you only have a stop orde...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Negatives to increased credit card spending limit? [duplicate] ### Answer: The one big drawback I know is when you take the mortgage credit, your credit ability is calculated, and from that sum all of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why could the serious financial woes of some EU member states lead to the end of the Euro? ### Answer: The Euro is a common currency between various countries in Europe. This means that individual co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does the importance of a cash emergency fund change when you live in a country with nationalized healthcare? ### Answer: Unanticipated unemployment is usually the triggering factor for drawing on ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do shareholders participate in shorting stocks? ### Answer: There are two primary reasons shares are sold short: (1) to speculate that a stock's price will decline and (2) to hedge some other rel...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between state pension plans and defined contribution plans? ### Answer: The specific "State Pension" plan you have linked to is provided by the government of the U.K. to workers...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a house. I have the cash for the whole thing. Should I still get a mortgage to get the homeowner tax break? ### Answer: Your wealth will go up if your effective rate after taxes is less than th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I plan to buy a car in cash, should I let the dealer know? ### Answer: In the UK at least, dealers definitely want you to take finance. They get benefits from the bank (which are not insubstantial)...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to sell option with no volume ### Answer: A few observations - A limit order can certainly work, as you've seen. I've put in such an order far beyond the true value, and gotten back a realistic b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it unreasonable to double your investment year over year? ### Answer: Not at all impossible. What you need is Fundamental Analysis and Relationship with your investment. If you are just buying shar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the different between one company's two OTCMKTS symbols? ### Answer: I have not looked in details but apparently the company has (at least) a dual listing in Hong Kong (its main listing, ticke...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best way to learn investing techniques? ### Answer: Given what you state you should shop around for an advisor. Think of the time required to pursue your strategies that you list? They alr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good investment vehicle for introducing kids to investing? ### Answer: For "real" investing I would usually recommend mutual funds. But if you are trying to teach a kid about investing, I w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can anybody explain the terms “levered beta riders”, “equity long-short” and “the quant process driven discipline” for me, please? ### Answer: Translation : Funds managers that use traditionnal method...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Switch from DINK to SIWK: How do people afford kids? ### Answer: If you want to have your wife stay home with kids, you'll have to make a plan to get there. As you point out, your situation right now ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How credible is Stansberry's video “End of America”? ### Answer: I listened to about 15 minutes of the video, but then I read your other link, which gives a much better summary. This guy is an idiot. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible that for shares to be reinvested in a stock you already sold? ### Answer: I believe this depends on the broker's policies. For example, here is Vanguard's policy (from https://personal....
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: A simple option is to ask your teammates to send you their portion of the tax bill. This option makes everyone's taxes easier, especial...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How might trading volume affect future share price? ### Answer: You can't tell for sure. If there was such a technique then everyone would use it and the price would instantly change to reflect the f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why so much noise about USA's credit rating being lowered? ### Answer: Dollar is the lingua franca of the financial industry and unluckily it is the US currency. It is till today considered the most s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stock prices of retailers not surge during the holidays? ### Answer: If you look at S&P 500's closing price for the first trading day on December and January for the last 20 years, you will see...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Over contributing to workplace pension or private pension ### Answer: Firstly (and this part is rather opinion-based) I would absolutely not think of making more pension contributions when you are cur...
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: If the funds are deposited into a noninterest-bearing account, they will be covered by FDIC insurance regardless of the amount ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Savings account with fixed interest or not? ### Answer: Personally I would have a hard time "locking up" the money for that very little return. I would probably rather earn no interest in favor of th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: institutional ownership — why is it so convoluted ### Answer: The reason for such differences is that there's no source to get this information. The companies do not (and cannot) report who are their ...