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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Optimal way to use a credit card to build better credit? ### Answer: Great question. First, my recommendation would be for you to get a card that does not have a yearly fee. There are many credit car...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: company market capitalization to total (annual) stock market capitalization ### Answer: Market cap is speculative value, M = P * W, where W is stock (or other way of owning) percentage of ownership, P...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a fixed-price natural gas or electricity contract likely to save money? ### Answer: I can only speak to natural gas but I imagine the answer for electricity is the same. In general, yes, it is bett...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How hard for US customers make payments to non-resident freelancer by wire transfer? ### Answer: You are right in insisting upon a proper B2B contract in any business relationship. You wish to reduce ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trading large volumes with penny profits per share ### Answer: How do you know the shares will go up after you buy? The ultimate risk in your scenario is that you buy at a peak, and then that peak is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wash sale rules in India (NSE/BSE) ### Answer: Looks like there are no specific rule in India to prevent Wash sales. See the link below. http://economictimes.indiatimes.com/wealth/personal-finance-ne...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people buy insurance even if they have the means to overcome the loss? ### Answer: Ignoring that liability car insurance is usually a state mandated requirement and that all banks require full ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Borrowing money to buy shares for cashflow? ### Answer: It's generally a bad idea to use low-risk credit (low-risk in sense you're practically guaranteed to be forced to pay it off) to buy high-risk s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment options ### Answer: Option 1 is out. There are no "safe returns" that make much money. Besides, if a correction does come along how will you know when to invest? There is no signal that say...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying off mortgage or invest in annuity ### Answer: There is no formula to answer the question. You have to balance return on investment with risk. There's also the question of whether you have any c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does per-annum depreciation for taxes work after the first year of depreciation? ### Answer: The first method is the correct one. You bought an asset worth of $1000 and you put it on your deprecia...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does the Dow Jones Industrial Average (DJIA) divisor change to account for dividends? ### Answer: The methodology for divisor changes is based on splits and composition changes. Dividends are igno...
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: Many good answers here, especially that you have to consider that renting may be more expensive than you'd think. Also, keep in mind that rent is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I get 4-5% but pay capital gains not ordinary income? ### Answer: To get a 4-5% return on your investment while paying capital gains tax instead of ordinary income tax, you will need to invest...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I spend too much money. How can I get on the path to a frugal lifestyle? ### Answer: There are a lot of great suggestions here on how to get and keep your finances in shape. But I have to say, I disag...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Cash out 401k for house downpayment ### Answer: As @AlexKuhl says, ever? yes, but generally? no. If your 401k is invested in stocks and bonds, the long term return is very likely higher than the inter...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why buy insurance? ### Answer: The fundamental flaw here is conflating net worth with utility, at least failing to recognize that there's a nonlinear relationship between the two. In the extreme exam...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I cash a cashier's check at any bank? ### Answer: Cashiers check is as good as cash. I use them all the time as banks don't carry over 2-3k anymore. I can bring the cashiers check anywhere and thu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the easiest way to back-test index funds and ETFs? ### Answer: check pastsat-backtesting , backtesting tool, where one can can test on well known technical indicators without coding skills ###...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I take out a bigger mortgage, or pay a greater cash deposit? ### Answer: The answer to your question depends on your answer to this question: Would you be willing to take out a loan at that in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I lose more on Forex than I deposit? ### Answer: It's the same as with equities. If you're just buying foreign currencies to hold, you can't lose more than you invest. But if you're buying derivat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A-B-C Class Shares: What's the difference? ### Answer: In most cases, the other classes of shares are preferred stock (example, JPM-F). Preferred stock usually pays higher dividends and shareholders g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to know if two ETFs are 'substantially identical' according to wash sale rules? ### Answer: It sounds like this is an entirely unsettled question, unfortunately. In the examples you provide, I th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the cause of sudden price spikes in the FOREX market? ### Answer: Forex is really not that volatile compared to other major asset classes like stocks and commodities. But still markets are gen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the dominant investing advice for individuals to use mutual funds, exchanged traded funds (ETFs), etc ### Answer: Why is that? With all the successful investors (including myself on a not-infre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Renting or Buying an House ### Answer: Some pros and cons to renting vs buying: Some advantages of buying: When you rent, the money you pay is gone. When you buy, assuming you don't have the cash to b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why have U.S. bank interest rates been so low for the past few years? ### Answer: There's two competing forces at work, and they are at work worldwide. Banks can get money from several sources: Throug...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some good, easy to use personal finance software? [UK] ### Answer: My Finances is a personal finance app for iPhone and iPad. The app uses iCloud to sync the data between your devices if you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Withdraw funds with penalty or bear high management fees for 10 years? ### Answer: To me, it depends. How much are their total assets? Having 10% of your money in something like that isn't crazy. ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I use a bank or a credit union for my savings account? ### Answer: Your instructor's numbers do not seem to have any basis in current reality. At this page you can see a comparison of interest ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros, cons, and taxation of Per Diem compensation? ### Answer: Hence new employer pays a part of the salary as per diem compensation along with regular salary and says that per-diem compensation is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are the AARP benefits and discounts worth the yearly membership cost? ### Answer: It depends on you. If you're not an aggressive shopper and travel , you'll recoup your membership fee in hotel savings...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it cheaper to use car Insurance or pay out of pocket? ### Answer: There's not a single answer here, as the premium you pay for car insurance depends on multiple factors, including (but not limited ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do 10 year Treasury bond yields affect mortgage interest rates? ### Answer: yield on a Treasury bond increases This primarily happens when the government increases interest rates or there is too m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much should I be contributing to my 401k given my employer's contribution? ### Answer: First - yes, take the 2.5%. It could be better, but it's better than many get. Second - choosing from "a bunc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a trade happen “in between” the bid and ask price? ### Answer: All the time. For high volume stocks, it may be tough to see exactly what's going on, e.g. the bid/ask may be moving faster than your...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the correct pronunciation of CAGR? ### Answer: Most readers probably know that an acronym is an invented word made up of the initial letters or syllables of other words, like NASA or NATO. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: No trading data other than close for a stock on a given date ### Answer: There are several reasons why this may happen and I will update as I get more information from you. Volumes on that stock look ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I deposit a check made out to my business into my personal account? ### Answer: You should have a separate business account. Mixing business and personal funds is a bad practice. Shop around, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any site you can find out about the 'bonus features' of credit cards? ### Answer: Billshrink offers some pretty neat analysis tools to help you pick a credit card. They focus more on rewards ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does ES1 refer to in this picture? ### Answer: That looks like a Bloomberg terminal. And like @Jer said, it would appear to be the symbol for the S&P 500 E-mini index future. Although it doesn't ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: CEO entitlement from share ownership? ### Answer: In its basic form, a corporation is a type of 'privileged democracy'. Instead of every citizen having a vote, votes are allocated on the basis of shar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's a Letter of Credit? Are funds held in my bank for the amount in question? ### Answer: Wikipedia has a detailed article explaining this. A standard, commercial letter of credit (LC) is a documen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay half a large balance this month before I get my CC statement? ### Answer: From what I have heard on Clark Howard if you pay your balance off before the statement's closing date it will he...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Evidence for timing market in the short run? ### Answer: The time horizon for your IRA is years or decades, therefore there is little evidence that there is a benefit to waiting for the "perfect time"...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sale of house profit gifted to child ### Answer: 1) You parents will have to pay tax on the gain as it wasn't their primary home. You don’t pay Capital Gains Tax when you sell (or ‘dispose of’) your ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Saving up for an expensive car ### Answer: The question is how does $16,000/year for 6.5 years fit into your budget. Or to put it another way, what won't you be spending that money on? Housing, food, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happened to GOOG-stock? Why isn't it 1.000 USD? ### Answer: The stock split, it is similar to what happened to Apple a little while back. When Google split 2 to 1, it means that each share holder...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Company revenue increased however stock price did not ### Answer: It's great that you have gotten the itch to learn about the stock market. There are a couple of fundamentals to understand first thou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: To pay off a student loan, should I save up a lump sum payoff payment or pay extra each month? ### Answer: Simply, you should put your money into whatever has the higher interest rate, savings or repa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Some stock's prices don't fluctuate widely - Is it an advantages? ### Answer: What is your investment goal? Many investors buy for the long haul, not short-term gain. If you're looking for long-term...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to value employee benefits? ### Answer: To fairly compare a comp-only job to a job that offers insurance, get a quote for health insurance. Call your local insurance broker and find out what it wo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Retirement planning 401(k), IRA, pension, student loans ### Answer: I'd suggest you avoid the Roth for now and use pretax accounts to get the greatest return. I'd deposit to the 401(k), enough to get ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's an Exchange-Traded Fund (ETF)? ### Answer: ETFs offer the flexibility of stocks while retaining many of the benefits of mutual funds. Since an ETF is an actual fund, it has the diversification ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I do a like-kind 1031 exchange with a foreign property? ### Answer: No, in order to qualify for a 1031 Exchange, the replacement property in question must be located within the United States. This...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In US, is it a good idea to hire a tax consultant for doing taxes? ### Answer: 75k is short of the 'highly compensated' category. Most US citizens in that pay range would consider paying someone to d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What determines deal price on stock exchange? [duplicate] ### Answer: Stock prices are set by bidding. In principle, a seller will say, "I want $80." If he can't find anyone willing to buy at that pri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do currency markets work? What factors are behind why currencies go up or down? ### Answer: The fiat currency is the basis for currency markets - that is, currency that is not made of precious met...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any evidence that “growth”-style indexes and growth ETFs outperform their respective base indexes? ### Answer: The value premium would state the opposite in fact if one looks at the work of F...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you lease a secondary residential apartment for a job in NYC, and declare it as expense in tax return? ### Answer: As I understand it... Generally housing can't be considered a business expense un...
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's a bit of working backwards that's required. This is a summary of a spreadsheet I wrote which helps to get to t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some time tested passive income streams? ### Answer: Royalties. (Once you start getting them.) ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are lottery tickets ever a wise investment provided the jackpot is large enough? ### Answer: I estimated that the mean expected cash value of a $ 1.00 MegaMillions ticket in the July 5, 2016 drawing w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: That “write your own mortgage” thing; how to learn about it ### Answer: The other answers are talking about seller financing. There is another type of arrangement that might be described as "writing ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do consultants or contractors make more money than employees? ### Answer: The "more money" aspect is only true if you ignore the lack of symmetry between employment and contracting. Consulting is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to rescue my money from negative interest? ### Answer: You could buy Bitcoins. They are even more deflationary than Swiss Francs. But the exchange rate is currently high, and so is the risk in ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I always hold short term bonds till maturity? ### Answer: Risk is reduced but isn't zero The default risk is still there, the issuer can go bankrupt, and you can still loose all or some of your...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are the $1 salaries that CEOs sometimes take considered legal? ### Answer: Even under the executive exemption, see Exemption for Executive Employees Under the Fair Labor Standards Act (FLSA) Secti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When after a companys IPO date can I purchase shares? ### Answer: You can purchase stock immediately in the open market on the day of the IPO when market opens. Below link gives you more information. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: UK companies house - what can I glean from an abbreviated balance sheet? ### Answer: What this abbreviated balance sheet tells you is that this company has negative equity. The liabilities are greate...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should you keep your stocks if you are too late to sell? ### Answer: You should distinguish between the price and the value of a company: "Price is what you pay, value is what you get". Price is the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the number of issued shares less than the number of outstanding shares ### Answer: I have been asking myself a similar question about the financial statements of Weyerhaeuser. In response to Dh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do banks finance shared construction as mortgages instead of financing it directly and selling the apartments in a building? ### Answer: Banks should be risk averse by default. They make loans to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why did the Swiss National Bank fix the EUR/CHF exchange rate at CHF 1.20? ### Answer: As the European crisis worsened the Swiss Franc (CHF) was seen as a safe currency so Europeans attempted to excha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the tax guidelines for a Canadian freelancer working for a US company? ### Answer: I do NOT know the full answer but I know here are some important factors that you need to consider : Do you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy a house or am I making silly assumptions that I can afford it? ### Answer: The rules of thumb are there for a reason. In this case, they reflect good banking and common sense by the buyer...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any difference between buying a few shares of expensive stock or a bunch of cheap stock ### Answer: Unless your brokerage will sell you fractional shares, the most obvious difference (without us knowi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wash sale rules between tax advantaged and regular accounts ### Answer: From the IRS Section 1091. Loss from Wash Sales of Stock or Securities Section 1091(a) provides that in the case of any loss cl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros and Cons of Interest Only Loans ### Answer: The main disadvantage is that interest rates are higher for the interest-only loan. It's higher risk to the bank, since the principal outstanding is hi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would I vote for an increase in the number of authorized shares? ### Answer: As a common shareholder, why would I want to approve an increase in the number of authorized shares?" Because it could ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay via Debit Card or Bank's portal ### Answer: There are reward points that you have already mentioned. Some banks also give reward points for netbanking transfer, although very few and less than deb...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I place a stock limit order to buy above the current price? Can I place a stock limit order to sell below the current price? ### Answer: I have done this, and the reason is to make sure that I don...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is human interaction required to open a discount brokerage account? ### Answer: You definitely do not need human interaction to open an account at Schwab. You just need to provide a social security nu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros/cons for buying gold vs. saving money in an interest-based account? ### Answer: There's too much here for one question. So no answer can possibly be comprehensive. I think little of gold for the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to motivate young people to save money ### Answer: In the United States you can't, because the average millennial in the United States has no opportunity to save money. Either you get a college ed...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is short selling a good hedging strategy during overzealous market conditions? ### Answer: Point of order: "What goes up must come down" refers to gravity of terrestrial objects below escape velocity ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: super confused about bid and ask size. help ### Answer: yes you are right as per my understanding while doing trade you must consider fol (specially for starters like me) The volume of the stock you a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do investors buy stock that had appreciated? ### Answer: For the same reason you wanted it when you bought it. No-one guarantees that you'll be able to sell the stock you hold, and in fact many pe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I bring money overseas? ### Answer: This page from TripAdvisor may be of interest. Look at what fees are charged on your ATM cards and credit cards, and consider overpaying your credit card so ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Fetching technical indicators from yahoo api ### Answer: Still working on exact answer to question....for now: (BONUS) Here is how to pull a graphical chart with the required data: Therefore: As r14 =...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If there's no volume discount, does buying in bulk still make sense? ### Answer: It could be a sunk cost. If you buy 5 gallons of vegetable oil it costs $50. Until you use up all the vegetable oil y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with a savings account in another country? ### Answer: If the fees to keep the account open are reasonable then it's worth keeping it open for now. It streamlines things if you need ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay index fund expense ratios with cash instead of fund balance ### Answer: Simply put, that's not allowed. Outside a retirement fund, they simply do not provide a mechanism to pay that expense rati...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing $50k + Real Estate ### Answer: Get rid of the lease and buy a used car. A good buy is an Audi because they are popular, high-quality cars. A 2007 Audi A4 costs about $7000. You will save a l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment property refinance following a low appraisal? ### Answer: Definitely don't borrow from your 401K. If you quit or get laid off, you have to repay the whole amount back immediately, plus you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are the best way to make and save money at 22 years old ### Answer: Get an education. A bachelor's degree preferably, but AA or even a certificate are fine too. It will increase your earning poten...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why credit cards are sold through banks and not from Visa or MasterCard directly ### Answer: Visa and Mastercard are not consumer-oriented companies. They do not consider individual consumers as their...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My bank refused to do a charge back ### Answer: You can't make your bank do a charge back. This function is to assist with straight up fraud, not a customer service mistake. (Think spoofed or stolen c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why could rental costs for apartments/houses rise while buying prices can go up and down? ### Answer: Economically, you would say that purchased and rented real estate are not perfect substitutes--the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I Use an Investment Professional? ### Answer: People ... are nearly twice as likely to ... feel confident Great, confidence is amazing. That and $5 will buy you a cup of coffee. 44% [who hired ...