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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can LLC legally lend money to a friend? ### Answer: Legally, I can't find any reason that the LLC could not lend money to an individual. However, I believe the simplest course of action is to first di...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does it make any sense to directly contribute to reducing the US national debt? ### Answer: I think it would have the same effect as paying off a compulsive gambler's debts. Until Congress and the peo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy a house with a friend? ### Answer: I did this about 8 years ago with a buddy in Chicago for the reasons specified in the original post. As other posters have suggested, we discussed a l...
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: A friend of mine has two credit cards. He has specifically arranged with the card issuers so that the billing cycles are 15 days out...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any benefits of FMLA beyond preserving your job? ### Answer: How will your employer treat your pay and benefits status while you're on leave? Disability income coverage and leave policies ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I choose between buying a car or buying a plot of land in Pakistan? ### Answer: “The plot of land definitely is going to give better results in long term.” Will it? Land is not guaranteed to g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Online tutorials for calculating DCF (Discounted Cash Flow)? ### Answer: what do you mean exactly? Do you have a future target price and projected future dividend payments and you want the present va...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: HELOC vs. Parental Student Loans vs. Second Mortgage? ### Answer: I'd like to propose a 4th option: Let your kid(s) take out their own student loans, and then you can make payments directly to help th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: May I claim money earned but not received in 2012 ### Answer: If you didn't receive the money in 2012 or have constructive receipt you really can't claim the income. If the company is going to give yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Free “Rich Dad” education, with “free gift”: Is it legitimate, or is it a sales ploy? ### Answer: I have taken the free Kiyosaki evening course, and it does give some good information. It is an upsell...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to get 0% financing for a car, with no credit score? ### Answer: Is it possible to get a 0% interest rate for car loan for used car in US? Possible? Yes. It's not illegal. Likely? Not really. $5...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a bad idea to buy a motorcycle with a lien on it? ### Answer: It's extra work for you to purchase a vehicle that has an outstanding lien on it. It's not uncommon, but there are things to take ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to pay taxes on YouTube if I'm a dependent? ### Answer: The Form 1040 (U.S. tax return form) Instructions has a section called "Do You Have To File?". Below a certain income, you are not required...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Bonds vs equities: crash theory ### Answer: I would suggest looking into Relative Strength Asset Allocation. This type of investment strategy keeps you invested in the best performing asset classes. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should a high-school student invest their (relative meager) savings? ### Answer: Is investing a good idea with a low amount of money? Yes. I'll take the angle that you CAN invest in penny stocks. Ther...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How exactly does a country devalue its currency? ### Answer: Currencies that are pegged or fixed require that foreign currencies are held by the central issuer at a proportional amount. This is analog...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying real estate with cash ### Answer: I've been prompted to turn my comments into an answer - Disclosure - I am a Realtor. I work for an investor for whom an offer on a house he will buy describes...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to create a self-managed superannuation fund to act as a mortage offset? (Australia) ### Answer: If you're under age 55 and in good health generally you cannot withdraw your funds from ...
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: A quick Google search for FlagStar Bank shows that this is their standard practice. Quite a few people are complaining...
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: How do people do it? Firstly, I'd advise you to explicitly budget all taxes. The reason is because taxes get complicated when you have ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is insurance worth it if you can afford to replace the item? If not, when is it? ### Answer: The key point to answer the question is to consider risk aversion. Assume I suggest a game to you: Throw a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is Discover different from a Visa or a MasterCard? ### Answer: Each of those is a network. Merchants displaying their logos - participate in their network and will accept cards that bear the same ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is it possible that a preauth sticks to a credit card for 30 days, even though the goods have already been delivered? ### Answer: This is not a normal occurrence, and you have every right to be an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I would like to publicly share the details of my investment portfolio. What websites add value in this regard? ### Answer: This is going to be a bit of a shameless plug, but I've build a portfolio tra...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the Difference between Life Insurance and ULIP? ### Answer: I would refer you to this question and answers. Here in the US we have two basic types of life insurance: term and whole life. Univ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I replace Microsoft Money with, now that MS has abandoned it? ### Answer: If you would like to use linux I suggest you to use KMyMoney http://kmymoney2.sourceforge.net/ It is based on gnucash...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to find cheaper alternatives to a traditional home telephone line? ### Answer: Cheapest is one thing. You can absolutely shop in the market and find the lowest possible price. I can think of thr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculating the total capital of a company? ### Answer: Total Capital This is a very old fashioned term that really is mostly only used in the finance industry today, like when everyone was obsessed w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to check stock prices online? ### Answer: Yes, there are a lot of places you can research stocks online, Google Finance, Yahoo Finance, Reuters etc. It's important to understand that the price of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Retirement savings vs building lucrative assets ### Answer: Fahad, in finance we make a distinction between investments that tend to grow in value and assets that hold value. Investments that grow in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Free brokerage vs paid - pros and cons ### Answer: Unless you're an active trader, 30 trades per month is a number you'll probably never hit, so you might as well take advantage of the offer while you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Minor stakes bought at a premium & valuation for target company ### Answer: In some cases, when a company purchases a minor stake, they often intend to increase the size of the stake over time. As a r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can online trading platforms be trustworthly? ### Answer: In most countries trading platforms are legally required to be overseen by a regulator, in the US this is the SEC (Securities and Exchange...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Diagnostic Questions to Determine if Renter intends to pay ### Answer: Firstly, how far behind on rent are they? Have you sent them notices in writing about late rent, and if so how many have you had ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does HMRC still require “payment on account” after I have moved to PAYE? ### Answer: The Government self-assessment website states you can ask HMRC to reduce your payments on account if your busin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can you possibly lose on investments in stocks? ### Answer: Some stocks do fall to zero. I don't have statistics handy, but I'd guess that a majority of all the companies ever started are now bank...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First job: Renting vs get my parents to buy me a house ### Answer: I would strongly try to influence circumstances so that buying is feasible. That means: Buy something where it is likely that you can...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What do “cake and underwear” stocks refer to? ### Answer: JoeTaxpayer's answer is dead on... but let me give my own two cents with a little bit of math. Otherwise, I personally find that people talkin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to file a tax return as a student? ### Answer: Should I go see a CPA? Not unless you are filing paperwork for a corporation. A CPA (Certified Public Accountant) is a certification required ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible for all the owners of a stock to gain or lose money at the same time? ### Answer: I'm not sure I understand your question. If the stock price is at an all-time high, everyone who owns t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a debit card that earns miles (1 mile per $1 spent) and doesn't have an annual fee? ### Answer: I don't know of any that are comparable to credit cards. There's a reason for that. Debit cards...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can you possibly lose on investments in stocks? ### Answer: Easiest thing ever. In fact, 99% of people are loosing money. If you perform worse then 10% annually in cash (average over 5-10 years), ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is CFD a viable option for long-term trading? ### Answer: Yes it is viable as long term!! BUT... The average yearly return for the Nasdaq-100 for the last 20 years is 15%!! If you subtract the financi...
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: A lot of investors prefer to start jumping into tools and figuring out from there, but I've alw...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I find ISIN numbers for stock options? ### Answer: Because an equity option can be constructed at essentially any price by two willing counterparties on an exchange, there are not enough ISINs...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Starting with Stocks or Forex? ### Answer: This is an old post I feel requires some more love for completeness. Though several responses have mentioned the inherent risks that currency speculation, l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If you want to trade an equity that reflects changes in VIX, what is a good proxy for it? ### Answer: I'd look at VXX, I believe it closely tracks what you are looking to do. http://www.ipathetn.com/p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the meaning of “short selling” or “going short” a stock? ### Answer: The 'normal' series of events when trading a stock is to buy it, time passes, then you sell it. If you believe the stock wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a decent rate of return for investing in the markets? ### Answer: If someone is guaranteeing X%, then clearly you can borrow money for less than X% (otherwise his claim wouldn't be remotely im...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What risks are there acting as a broker between PayPal and electronic bank transfers? ### Answer: This is definitely a scam. My husband was inquiring with a "company" that was offering him to be. Repr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Free service for automatic email stock alert when target price is met? ### Answer: Yes, there are plenty of sites that will do this for you. Yahoo, and MarketWatch are a few that come to mind first. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Evaluating an endowment policy for its fairness against other tax saving options in India such as PPF, EPF and even FDs ### Answer: Or am missing something? Yes. The rate of 8.53 is illustration. The...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the point of the stock market? What is it for, and why might someone want to trade or invest? ### Answer: The stock market is just like any other market, but stocks are bought and sold here. J...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why having large capital is advantageous to trading ### Answer: It is a general truism but the reasons are that the rules change dramatically when you simply have more capital. Here are some examples,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I figure out the market value of used books? ### Answer: Half of original MSRP at Amazon is a good option for books that are in good condition. Another option would be to use eBay, specificall...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Getting Cash from Credit Card without Fees ### Answer: While I think this is generally inadvisable, there are sites and communities dedicated to "points churning" credit card reward programs. In gene...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When to trade in a relatively new car for maximum value ### Answer: Cars depreciate the most their first year after introduction. So you could buy a "new" car in year 2 for the optimal price, and at y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Please help me understand reasons for differences in Government Bond Yields ### Answer: The real question is what does FT mean by "Eurozone Bond". There is no central European government to issue bond...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: how can a US citizen buy foreign stocks? ### Answer: For question #1, at least some US-based online brokers do permit direct purchases of stocks on foreign exchanges. Depending on your circumstances, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why have candlestick charts overlaps? ### Answer: The market is simply gapping at these times, some news may have come out that makes the market gap on the open from its previous close. Being FX, the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dividend vs Growth Stocks for young investors ### Answer: In financial theory, there is no reason for a difference in investor return to exist between dividend paying and non-dividend paying stocks, e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a company stop paying dividends? ### Answer: Dividends are supposed to be paid from company profits (in the current or previous financial years), there are nuances around what profits mean from co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I put a large down payment (over 50%) towards a car loan, can I reduce my interest rate and is it smart to even put that much down? ### Answer: I had a strange experience buying a new car. They we...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Accepted indicators for stock market valuation ### Answer: There are several camps for stock valuation, and much of it boils down to your investment style. A growth investor will not consider somethi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Deductions greater than Income : Traditional IRA to Roth Conversion? ### Answer: Yes. A most emphatic yes. I suggest you look at your 2014 return and project what 2015 will look like. I'd convert eno...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My employer is switching 401k plan providers. How might this work in practice? ### Answer: Having gone though this type of event a few times it won't be a problem. On a specific date they will freeze ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can an unmarried couple buy a home together with only one person on the mortgage? ### Answer: It depends on the bank - In some cases(mine included :) ) the bank allowed for this but Emma had to sign o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What assets does the term “security” encompass? ### Answer: A good reference to what encompasses "securities" are detailed in the Securities Act of 1933, which was enacted by the United States federal...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy or lease a car given that its not a super luxury car and I only drive 15 miles/d on avg? ### Answer: Alternative: buy a recent-model used car in good condition. Or buy an older car in goo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is an Income Mutual Fund a good alternative to a savings account? ### Answer: Risk. Volatility. Liquidity. Etc. All exist on a spectrum, these are all comparative measures. To the general question, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would you withdraw your money from your bank if you thought it was going under? ### Answer: To the average consumer, the financial health of a bank is completely irrelevant. The FDIC's job is to make...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Did the New York Stock Exchange ever close on a weekday so they could file paperwork? ### Answer: Yes, from June 1968 until December 1968, they closed the NYSE every Wednesday so they could catch up o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ray Dalio - All Weather Portfolio ### Answer: Here are the specific Vanguard index funds and ETF's I use to mimic Ray Dalio's all weather portfolio for my taxable investment savings. I invest into thi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As a contractor, TurboTax Business-and-Home or Basic? ### Answer: Assuming you file state tax returns, you shouldn't buy Basic. Ever. Your choice is probably between the "Premier" version and the "Bus...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Transfer money from a real estate sale in India to the US ### Answer: How would I go about doing this? Assuming you had purchased the house by funding from your NRE account, you can easily move back t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where should I invest to hedge against the stock market going down? ### Answer: Put Options. They're less risky than shorting, and have similar upsides. The major difference is that if the price goes ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are auto leases stubbornly strict about visa status and how to work around that? ### Answer: Uh, you want to lease a car through a dealer? That is the worst possible way to obtain a car. Dealers l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Friend was brainwashed by MLM-/ponzi investment scam. What can I do? ### Answer: If this 'scam' has a name, address and/or phone number, I forward it to the FBI anonymously. That is my advice. You ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What makes an actual share valuable? [duplicate] ### Answer: What benefit do I get from buying a share The value of any financial asset is its ability to generate cash in the future, and thus the "val...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What effect does a company's earnings have on the price of its stock? ### Answer: Your autograph analogy seems relevant to me. But it is not just speculation. In the long run, investing in stocks is l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with my paper financial documents? ### Answer: I won't add to the timelines, as I agree or don't care but my two cents are ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who sets the prices on government bonds? ### Answer: Who sets the prices? Effectively the market does, like basically all openly traded things. The Greek government could well have said "5% is as high...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the connection between P/E ratio and growth? ### Answer: So, the price-earnings ratio is price over earnings, easy enough. But obviously earnings are not static. In the case of a growing compan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I use charitable giving to manage my wealth? ### Answer: Here’s how to incorporate giving into your financial plan—whether that’s donating a lump sum to your favorite charity or tithing 10% of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I minimize my tax burden for wealth management? ### Answer: The super-rich are always looking for ways to decrease the amount of taxes they have to pay. Experts break down 5 common strategies...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are account holders with a bank better able to receive a loan from that bank? ### Answer: Banks are businesses, and as such should have the right to refuse service, so they should probably be able to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I withdraw cash from selling investments before the settlement date? ### Answer: No, you cannot withdraw the money until settlement day. Some brokers will allow you to trade with unsettled funds, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is gold really an investment or just a hedge against inflation? ### Answer: Gold is not an investment. Gold is a form of money. It and silver have been used as money much longer than paper. Paper m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I find announcements of official GDP figures for the US and other countries? ### Answer: For press releases about economic data, the Bureau of Economic Analysis press release page is helpful...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I earn $75K, have $30K in savings, no debt, rent from my parents who are losing their home. Should I buy a home now or save? ### Answer: Plus, there's the feeling my parents want me to have a house in...
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: I would like to offer a different perspective here. The standard fee for a credit card transa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As an American working in the UK, do I have to pay taxes on foreign income? ### Answer: Short answer: it's complicated. The UK govt pages on foreign income are probably your best starting point: http:...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: College student - I'm a 'dependent' and my parents won't apply for the Parent PLUS loan or cosign a private loan ### Answer: Smart parents not wanting to get stuck with a student loan or co-signing on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Asset classes: Is a Guaranteed Investment Certificate (GIC) considered a bond? ### Answer: There is a third type of asset that a GIC falls into: Cash. So while it does share some characteristics of a ...
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: The minimum at Schwab to open an IRA is $1000. Why don't you check the two you listed to see what their minimum openi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the fastest way to retire, using passive income on real estate ### Answer: Rule of thumb: To retire with a yearly income of $X, you need to save $(20*X) -- in other words, the safe assumption ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Historical stock prices: Where to find free / low cost data for offline analysis? ### Answer: I also searched for some time before discovering Market Archive, which AFAIK is the most affordable option...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Low risk hybrid investment strategy ### Answer: There are a number of strategies using options and shares together. One that sells large potential upside gains to assure more consistent medium return...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Understanding the phrase “afford to lose” better ### Answer: Well.... If you have alllll your money invested, and then there's a financial crisis, and there's a personal crisis at the same time (e.g. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Joint Account for Common Earnings ### Answer: Do not use a shared bank account. One of you can cash/deposit the check in your personal account and then either pay the others in the group cash or writ...