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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What intrinsic, non-monetary value does gold have as a commodity? ### Answer: This was answered wonderfully in a recent Planet Money podcast: Why Gold?. Here are some higlights of gold: If listening...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When should I start saving/investing for my retirement? ### Answer: Does you job offer a retirement plan? (401k, SIMPLE, etc) Does your employer offer a match on contributions? Typically an employer...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Rental Property - have someone look for you ### Answer: Many real estate agents will assist with an apartment hunt, for a suitable fee. In a hot market that may be worth the money. Then again, my best...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is property investment good if properties de-valuate over time? ### Answer: There are many different reasons to buy property and it's important to make a distinction between commercial and residen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a difference between buying few shares of an expensive stock vs many shares of an inexpensive one? ### Answer: One difference is the bid/ask spread will cost you more in a lower cost stock th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I go to a seminar held overseas, may I claim my flights on my tax return? ### Answer: You can deduct this if the main purpose of the trip is to attend the seminar. Travel expenses relating to the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to check the paypal's current exchange rate? ### Answer: I cannot speak for Paypal specifically and I doubt anyone who doesn't actually work on their internal automated payment systems could. Howe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What if 40% of the remaining 60% Loan To Value (ratio) is not paid, or the borrower wants to take only 60% of the loan? ### Answer: I wanted to know that what if the remaining 40% of 60% in a LTV (Loa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Additional credit card with different limit on same account? ### Answer: You can look into getting a business credit card. When I had my Chase business credit card, I could add authorized users to the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there limits on frequency of withdrawal from Roth 401K? ### Answer: Back in the late 80's I had a co-worked do exactly this. In those days you could only do things quarterly: change the percentage...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't house prices be out of tune with salaries ### Answer: Those folks should be introduced to some real estate folks I know, they'd get along famously, being as how they still think it's 2007. T...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I handle taxes for Minecraft server donations? ### Answer: First to clear a few things up. It is definitely not a gift. The people are sending you money only because you are providing the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stocks and Bonds in Roth IRA vs non-tax-advantaged ### Answer: You should definitely favor holding bonds in tax-advantaged accounts, because bonds are not tax-efficient. The reason is that more of the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Avoiding timing traps with long term index investing ### Answer: 1) The risks are that you investing in financial markets and therefore should be prepared for volatility in the value of your holdings....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's a good personal finance management web app that I can use in Canada? ### Answer: Here's a link with comparison of various online and offline PF software: http://personalfinancesoftwarereviews.c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do requirements after a margin call vary? ### Answer: I believe the reasons: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a company allowed to give employees an option for a bonus to be paid out as a 401k match or cash? ### Answer: I have worked for companies that have done this. One did have a match and the other did...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: One of my stocks dropped 40% in 2 days, how should I mentally approach this? ### Answer: Hopefully, before you invested in this stock, you evaluated the company. You looked at the financial informati...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages of doing accounting on your personal finances? ### Answer: Everyone should keep track of what they spend. When you see how much you are spending on each category of expense, yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are PINs always needed for paying with card? ### Answer: There generally isn't much in the way of real identity verification, at least in the US and online. The protection you get is that with most c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When amending a tax return to include a futures loss carry back, are you not allowed to include a Schedule C? ### Answer: Is it true that you cannot amend a tax return to include both a futures loss...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to trade at Athens Stock Exchange (ASE) ### Answer: Saxo Bank offers direct access to Athens Stock Exchange. Interactive Brokers is your next best bet, and as you probably already noticed, they do...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I use put extra money toward paying off my student loans or investing in an index fund? ### Answer: From a purely financial standpoint (psychology aside) the choice between paying off debt and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Salary equivalency: London vs Berlin ### Answer: Coming to London at this point of time is not a wise decision, not that I mean to discourage you. The job market is quite competitive because loads of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I have to pay tax on money I earn as a tutor? ### Answer: You would be required to report it as self-employment income and pay tax accordingly. It's up to you to keep proper records (like a receip...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the differences among all these different versions of Vivendi? ### Answer: VIV.PA - is Vivendi listed on a stock exchange in Paris VIVEF - is Vivendi listed on the OTC Other Exchange. VIVHY -...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between a scrip dividend and a stock split? ### Answer: Firstly a stock split is easy, for example each unit of stock is converted into 10 units. So if you owned 1% of the comp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can one be non-resident alien in the US without being a resident anywhere else? ### Answer: You may be considered a resident for tax purposes. To meet the substantial presence test, you must have been...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I sell a stock immediately? ### Answer: If you place a market order, you are guaranteed to sell your stock unless the stock is in a trading halt. A market order does not guarantee the price you se...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the scenarios if mining company around 4c decides to halt stock trading due to capital raising? ### Answer: It appears that the company in question is raising money to invest in expanding its...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Was this a good deal on a mortgage? ### Answer: The price of the loan may be justified if you're considered a high-risk applicant for some reason (e.g. you're putting very little money in initial paym...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment Options for 14-year old? ### Answer: 5 years is a reasonable time period to invest in a stock which will give you a decent return and will generally not lose too much value except in case o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a stay at home mom need term life insurance? ### Answer: Absolutely! Just because a spouse doesn't have a taxable income, doesn't mean they aren't providing real, tangible benefit to the family ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are bank transactions not instant? ### Answer: It is a rather complex system, but here is a rough summary. Interbank tranfers ultimately require a transfer of reserves at the central bank. As a co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to keep control of shared expenses inside marriage? ### Answer: JoeTaxpayer's answer mentions using a third "house" account. In my comment on his answer, I mentioned that you could simply use a bo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best use of “spare” money? ### Answer: Congratulations! You're making enough money to invest. There are two easy places to start: I recommend against savings accounts because they will qui...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why doesn't Japan just divide the Yen by 100? ### Answer: Currently, there is simply no reason to do so. It's not a problem. It is no more of a problem or effort to denote "5,000" than it is to denote...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are stocks having less institutional investors a “good thing”? ### Answer: Let’s turn this round. Now what if the only people willing to own part of company are doing it due to the expectation tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Purchasing first car out of college ### Answer: I respectfully disagree with @JohnFX's comment regarding new vs used. (John knows what is talking about though; he gave an awesome answer on buying a c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stock index fund likely to keep being a reliable long-term investment option? ### Answer: The idea behind investing in index funds is that you will not under perform the market but also at the sam...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do banks require small businesses to open a business bank account instead of a cheaper personal one? ### Answer: You could, but the bank won't let you... If you're a sole proprietor - then you cou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens when the bid and ask are the same? ### Answer: Rule 610 (Google for it) stands that if Bid and Ask are the same, the market is considered Locked, and the exchange must stop all trading. S...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is mortgage interest deductible in the USA for a house you live in? ### Answer: Well quite a few countires have tax breaks on the first house you own ... this is typically to promote people to hav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What options do I have at 26 years old, with 1.2 million USD? ### Answer: You should invest your money. To figure out what rate of return you need, use this equation: (How Much Money You Want Per Year...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Merits of buying apartment houses and renting them ### Answer: Carnegie Mellon University (CMU) and the University of Pittsburgh (Pitt) have different end of term dates but by less than a month. Both...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to open a Mega Money Market account without an ssn? ### Answer: According to the IRS: Aliens who are not eligible to apply for a U.S. social security number, or who do not meet the Social Secur...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I deduct equipment expenses for a job I began overseas? ### Answer: I'm not an expert, but here's my $0.02. Deductions for business expenses are subject to the 2% rule. In other words, you can onl...
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: And it's only as cheap as 1.78% if you stay with them 10 years! They'd love that. You can kind of tell they really want to lock you in for over ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to find a reputable company to help sell a timeshare? ### Answer: You are right to be skeptical of timeshare listing companies. As you can imagine, it is very difficult to actually sell a timesha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I have no exemptions or deductions, just a simple paycheck, do I HAVE to file taxes? ### Answer: Yes, you have to file a tax return in Canada. Non residents that have earned employment income in C...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I get a car loan before shopping for a car? ### Answer: Yes, you are correct to go to the credit union first. Get approved for a loan first. Often, upon approval, the credit union will give you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why did I lose 2 cents more than the difference in the stock prices on my Robinhood trade? ### Answer: Free, huh? From their Commission and Fee Schedule: So if you literally bought two shares, then t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do the proceeds from selling an option immediately convert to buying power in a margin account? ### Answer: Yes. I heard back from a couple brokerages that gave detailed responses. Specifically: In a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Co-signer deceased ### Answer: Co-signing is not the same as owning. If your elderly lady didn't make any payments on the loan, and isn't on the ownership of the car, and there was no agreement that y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the best ask price the ask at the “top” of the order book? What is the “top” of the book? ### Answer: The best ask is the lowest ask, and the best bid is the highest bid. If the ask was lower than...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does delta of an option change with time if underlying price is constant? ### Answer: The question is always one of whether people think they can reliably predict that the option will be a good be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens if my order exceeds the bid or ask sizes? ### Answer: You should check with your broker. I asked my broker a similar question just 2 weeks ago. With their market orders they will be fille...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ethics and investment ### Answer: There are the Dow Jones Sustainability Indices. I believe the reports used to create them are released to the public. This could be a good place to start. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How risky is it to keep my emergency fund in stocks? ### Answer: I know this is heresy but if you have funds for significantly more than 6 months of expenses (let's say 12 months), how risky would i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Borrowing 100k and paying it to someone then declaring bankruptcy ### Answer: This sounds like a crazy idea, but in reality people don't make the wisest decisions when considering bankruptcy in Austra...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The difference between Islamic Banks and Western Banks ### Answer: To answer your first part, its not an opposition to profit. It's an opposition to usury - the practice of charging excessive interest...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to represent “out of pocket” purchases in general ledger journal entry? ### Answer: Journal entry into Books of company: 100 dr. expense a/c 1 200 dr. expense a/c 2 300 dr. expanse a/c 3 // cr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shares in stock exchange and dividend payout relationship ### Answer: It would be 0.22 * Rs 5 per share, i.e. Rs 1.1 per share. For 1000 share it would be Rs 1.1 * 1000, i.e. 1100 ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I go about creating an estate plan? ### Answer: Yes, an estate plan can be very important. Estate planning - typically attempts to eliminate uncertainties over the administration of a prob...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How long should I keep an uncleared transaction in my checkbook? ### Answer: Why would you consider it null and void? It might be that something went wrong and the business "lost" the transaction one ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages of investing in gold as part of my wealth management strategy? ### Answer: Gold is respected around the world for its value and rich history, which has been recognized by cultu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I build wealth? ### Answer: CEOs are compensated with stocks and options on top of their salary. Most is in the form of stocks and options. You may see them with a fancy car, but they don't nec...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do you have to be mega-rich to invest in companies pre-IPO? ### Answer: There are a couple of ways to buy into a private company. First, the company can use equity crowd funding (approved under the J...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: IRR vs. Interest Rates ### Answer: Yes, if your IRR is 5% per annum after three years then the total return (I prefer total rather than your use of actual) over those three years is 15.76%. Note that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Corporate Finance ### Answer: Your company wants to raise $25,000,000 for a new project, but flotation costs are incurred by issuing securities (underwriting, legal fees, etc) First you must determine...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When to sell a stock? ### Answer: I am a believer in stocks for the long term, I sat on the S&P right though the last crash, and am 15% below the high before the crash. For individual stocks, you nee...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: UK: Personal finance book for a twenty-something ### Answer: As you are in UK, you should think in terms of Tax Free (interest and accumulated capital gains) ISA type investments for the long term AND...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should withheld income tax be included as income? ### Answer: This very topic was the subject of a question on workplace SE https://workplace.stackexchange.com/questions/8996/what-can-relocation-assis...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is auto insurance ridiculously overpriced for those who drive few miles? ### Answer: There are several aspects to this but at a high level it boils down to A lot goes in to insurance rating and ri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I find out details about the actual network on which SWIFT banking works? ### Answer: The SWIFT network is federated. The connection routing is via country server to regional servers. All th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Taxing GoFundMe Donations ### Answer: To echo part of stannius' response. If it's taxable, there would be tax on $19,999, just a bit less than on $20,000. Your uncle may have a credential, and members...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a House and Taking Part of 20% to move initial payment date forward ### Answer: In the prior PMI discussions here, it's been stated that the bank is not obligated to remove PMI until the mortga...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Reason for “qualified” buyer requirements to exercise stock options/rights spun off from parent company? ### Answer: The fact that your shares are of a Canadian-listed corporation (as indicated in you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is your credit score related to credit utilization? ### Answer: Curious, why are you interested in building/improving your credit score? Is it better to use your card and pay off the bill complete...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: ESPP advantages and disadvantages ### Answer: The answer is simple. If your employer is offering you a discount, that is free money. You always take free money, always. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Taxes: Sold House this Year, Buying Next Year ### Answer: To your first question: YES. Capital gains and losses on real-estate are treated differently than income. Note here for exact IRS standards. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: ISA trading account options for US citizens living in the UK ### Answer: I am a US citizen by birth only. I left the US aged 6 weeks old and have never lived there. I am also a UK citizen but TD Water...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Lump Sum Investing vs. Dollar Cost Averaging (as a Long Term Investor) ### Answer: I think you're not applying the right time scale here. ESPP (Employee Stock Purchase Plan) is usually vesting every 6...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Account that is debited and account that is credited ### Answer: The credit and debit terms here is, talking from bank's point of view (shouldn't be a surprise, banks are never known to look at things...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is this trick enough to totally prevent bankrupcy in a case of a crash? ### Answer: Adding to the answers above, there is another source of risk: if one of the companies you are short receives a bid t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Figuring out an ideal balance to carry on credit cards [duplicate] ### Answer: I think this advice to carry a balance each month is nonsense. You're just wasting money that way. Personally, I have a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are BID and ASK the minimum and maximum? ### Answer: So in your screenshot, someone or some group of someones is willing to buy 3,000 shares at $3.45, and someone or some group of someones is willing ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I buy stocks if I only want to invest a little bit at a time, and not really be involved in trading? ### Answer: I'd look into ShareBuilder. You can buy stocks for as low as $2 each, and th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Get the maximum interest rate from a bank on short term holdings ### Answer: You can open Savings Bank Account with some Banks that offer better interest rate. Note there would be restriction on numbe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Accounting for reimbursements that exceed actual expenses ### Answer: I've been in a very similar situation to yours in the past. Since the company is reimbursing you at a flat rate (I assume you don...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: BoA Closed my Accounts and Froze my Funds. How can I get money back besides cashier's check? ### Answer: I'd suggest you contact the Office of the Controller of Currency, who regulates BOA and file a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros/Cons of Buying Discounted Company Stock ### Answer: I see another way of looking at this that hasn't been addressed yet. By offering the discount, the company is attempting to change your behavio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would it ever be a bad idea to convert a traditional IRA to a Roth IRA with the following assumptions? ### Answer: Even if you're paying a lot of taxes now, you're talking marginal dollars when you lo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between equity and assets? ### Answer: Equity does not represent production divisions in a company (i.e. chocolate, strawberry, and vanilla does not make sense). In Sole propri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Idea for getting rich using computers to track stocks ### Answer: I (and probably most considering trading) had a similar thought as you. I thought if I just skimmed the peaks and sold before the tro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a bank take a lower all cash offer versus a higher offer via conventional lending? ### Answer: A bank selling a foreclosed property would negotiate a lower cash deal, I doubt it would be tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can PayPal transfer money automatically from my bank account if I link it in PayPal? ### Answer: Practically, as an ebay buyer I have never seen any way to keep a balance in paypal and top it off from...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are PINs always needed for paying with card? ### Answer: Like email and spam, fighting creditcard fraud is a cat and mouse game, with technology and processes constantly being developed to reduce frau...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to properly do background check for future tenant in my own house? ### Answer: I am a realtor. For our rental business, we use a service that offers a background check. It costs us about $25, and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why doesn’t every company and individual use tax-havens to pay less taxes? ### Answer: However, if you are employed by a company that exists in a tax haven and your services are provided to an employe...