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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trouble sticking to a budget when using credit cards for day to day transactions? ### Answer: As long as you can be trusted with a Credit Card i find that if you have a setup that uses three accounts:...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is keeping old credit cards and opening new credit cards with high limits and never using an ideal way to boost credit scores? ### Answer: Your plan will work to increase your total credit capacity (g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which set of earnings is used to work out the P/E of a stock ### Answer: This is a note from my broker, CMC Markets, who use Morningstar: Morningstar calculate the P/E Ratio using a weighted average o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the purpose of endorsing a check? ### Answer: Paper trail of who did the deposit. Less significant for a personal account, but a bigger deal for accounts that are used by multiple people (e.g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does doing your “research”/“homework” on stocks make any sense? ### Answer: The markets are not as information efficient as some might have you believe. But on the contrary, looking up what the aggreg...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I interpret this analysis from Second Opinion? ### Answer: No, you shouldn't buy it. The advice here is to keep any existing holdings but not make new purchases of the stock. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy a home or rent in my situation? ### Answer: Another reason, and to me the main reason not to buy a house if you're in your early 20s (regardless of your income), is mobility. If you rent,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the most conservative split of financial assets for my portfolio in today's market? ### Answer: Before investing, absolutely follow the advice in mbhunter's answer. There is no safe investment ...
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: It is worth noting first that Real Estate is by no means passive income. The amount of effort and cost involved (mai...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you step up your cost basis indefinitely via the 0% capital gains rate? ### Answer: As JoeTaxpayer illustrated, yes you can. However, one thing to remember is that unless you live in a state with...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Looking for a good source for Financial Statements ### Answer: If you're researching a publicly traded company in the USA, you can search the company filings with the SEC. Clicking 'Filings' should ta...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax Form 1099 and hourly worker do i file a W-2 if my employer filed the 1099 for me? ### Answer: Forms 1099 and W2 are mutually exclusive. Employers file both, not the employees. 1099 is filed for co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who buys variable annuities? ### Answer: An annuity makes sense in a few different scenarios: In general, they are not the best deal around (and are often ripoffs), and will almost certainly be a bad ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I make extra payments to my under water mortgage or increase my savings? ### Answer: I'd pile up as much cash as you can in a savings account - you will need money for the move (even if it's ju...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Abundance of Cash - What should I do? ### Answer: Since your 401k/IRA are maxed out and you don't need a 529 for kids, the next step is a plain ol' "Taxable account." The easiest and most hassle-free ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does one typically exit (close out) a large, in-the-money long put option position? ### Answer: While open interest usually correlates to volume, the mark of liquidity is the bid ask spread. Even ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would I ever need credit card if my debit card is issued by MasterCard/Visa? ### Answer: Car rental agencies typically accept only credit cards for the rental (you can pay at the end with debit, but t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I determine if my rate of return is “good” for the market I am in? ### Answer: A good measurement would be to compare to index's. Basically a good way to measure your self would be to ask "If ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Has anyone created a documentary about folks who fail to save enough for retirement? ### Answer: Since your question was first posted, I happened to watch PBS FRONTLINE's The Retirement Gamble, about ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Put a dollar value on pensions? ### Answer: There are two steps. First you take the age at retirement and annual benefit. Say it's $10,000/yr. You can easily look up the present value of a $10k/yr ann...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you quantify investment risk? ### Answer: The standard measure of risk is the variance of the asset. The return on investment of the asset is understood as a random variable with a particular d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I borrow money for investing? ### Answer: Have you considered social lending (for example: Lending Club)? ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: IS it the wrong time to get into the equity market immediately after large gains? ### Answer: Past results are not a predictor of future results. There is no explicit upper bound on a market, and even...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much do large sell orders affect stock price? ### Answer: In general, how does a large open market stock sale affect prices? A very general answer, all other things being equal, the price will mov...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any instance where less leverage will get you a better return on a rental property? ### Answer: There are two obvious cases in which your return is lower with a heavily leveraged investment. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Am I “cheating the system” by opening up a tiny account with a credit union and then immediately applying for a huge loan? ### Answer: Nope. Credit Unions are for the customers. Since the customers ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Avoiding Double-Reporting Income (1099-MISC plus 1099-K) ### Answer: Your clients should not send you 1099-MISC if they paid with a credit card. You can refer them to this text in the instructions for...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit card issued against my express refusal; What action can I take? ### Answer: You can always cancel the card and close this account. Consider switching to a bank that has better customer service....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Weiss Research, Inc. a legitimate financial research company? ### Answer: Weiss Ratings is an independent company providing data and analysis for the bank and insurance industries. We’ve published...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to buy a computer on my credit card, or on credit from the computer store? ### Answer: In my experience dealing with credit cards and store cards, you may find that the store card is much...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I get a list of all Stocks that were acquired or went bankrupt ### Answer: Where can I download all stock symbols of all companies "currently listed" and "delisted" as of today? That's incre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In-laws moving in (financial/tax implications)? ### Answer: GET A LAWYER. Doing business with relatives is business first, and some effort spent in setting things up and nailing down exactly what the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: UK - reclaim VAT on purchases for freelance work ### Answer: If you mostly do work for businesses/individuals who are VAT registered it's a no-brainer to become VAT registered yourself... Although you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Recommendation on Options Back Testing tool please ### Answer: As JoeTaxpayer says, there's a lot you can do with just the stock price. Exploring that a bit: Stock prices are a combination of market s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does borrowing from my 401(k) make sense in my specific circumstance? ### Answer: Since most of the answers are flawed in their logic, I decided to respond here. 1) "What if you lose your job, you can...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to trade CFD without leverage? ### Answer: Generally not, however some brokers may allow it. My previous CFD Broker - CMC Markets, used to allow you to adjust the leverage from the maxi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can anybody explain the terms “levered beta riders”, “equity long-short” and “the quant process driven discipline” for me, please? ### Answer: Leverage here is referring to "financial leverage". This ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best way to get cash from my retirement accounts for a home down payment? ### Answer: Given that utilizing all the funds available to you drains your retirement and leaves you with very li...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any chance for a layperson to gain from stock exchange? [duplicate] ### Answer: It depends what you mean by 'gain'. Over long period of times the market increases so using a blind monkey with...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I really pay off my entire credit card balance each month or should I maintain some balance? ### Answer: You should pay things off every month. You don't want to be paying 10%-25% interest if ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For very high-net worth individuals, does it make sense to not have insurance? ### Answer: I think the key to this question is your last sentence, because it's applicable to everyone, high net-worth o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a financial advisor choose debt funds and equity funds for us? ### Answer: A financial advisor is a service professional. It is his/her job to do things for you that you could do for yoursel...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will I be able to purchase land? ### Answer: Here are some important things to think about. Alan and Denise Fields discuss them in more detail in Your New House. Permanent work. Where do you want to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference between Term and Whole Life insurance? ### Answer: Term life insurance is just that - life insurance that pays out if you die, just like car insurance pays out if you have an acc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What could be the cause of a extreme high/low price in after hours market? ### Answer: Many of the above comments are correct about illiquidity. If someone needs to trade at a time of low liquidity, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Electric car lease or buy? ### Answer: I would like to add that from my own research, a pro to leasing over buying a new vehicle would be that with the lease the entire 7,500 federal incentive is appl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are COBRA premiums deductible when self-employed? ### Answer: The basic idea is that the average person can't deduct health care costs unless they're really onerous. But a business can, and as a self-...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When would one actually want to use a market order instead of a limit order? ### Answer: If you have $10000 and wish to buy 1000 shares of a $10 stock, you risk borrowing on margin if you go over a bi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can my employer limit my maximum 401k contribution amount (below the IRS limit)? ### Answer: Congratulations on your raise! Is my employer allowed to impose their own limit on my contributions that'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good size distribution for buying gold? ### Answer: If the "crash" you worry about is a dissolution of the euro, then the main thing you should concern yourself with is liquidity. For that,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Non-qualified Savings Plan vs. 401(k) for Highly Compensated Employee ### Answer: 401k plans are required to not discriminate against the non-HCE participants, and one way they achieve this is by limi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advice on preserving wealth in a volatile economic/political country ### Answer: You might find some of the answers here helpful; the question is different, but has some similar concerns, such as a ch...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I buy and sell the same stock on the same day? ### Answer: If you're going to be a day trader, you really need to know your stuff. It's risky, to say the least. One of the most important elem...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Helping my family sell their oil stocks. What to buy? ### Answer: *("Fee-only" meaning the only money they make is the fee your folks pay directly; no kickbacks from financial products they're selling...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Discount Rate vs. IRR ### Answer: The IRR is the Discount Rate r* that makes Net Present Value NPV(r*)==0. What this boils down to is two ways of making the same kind of profitability calculation. Yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is there inconsistent returns difference between direct and regular Mutual Funds? ### Answer: (This answer refers to the US investment landscape) I'm not sure your classification of funds as direc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Bait-and-switch on new car lease ### Answer: Within some limitations, the dealer is allowed to approve or deny lending to anyone that it chooses. Those constraints are the basics that you'd expect fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I set a stop loss for long term investments? ### Answer: Do not use a stop loss order as a long-term investor. The arguments in favor of stop losses being presented by a few users here rely on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Teaching school kids about money - what are the real life examples of math, budgeting, finance? ### Answer: My education on this topic at this age range was a little more free-form. We were given a we...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to transfer wealth through life insurance? ### Answer: A financial planner and life insurance agent can help you review what options will work for you, however here are three examples o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between a stock and a bond? ### Answer: In a sentence, stocks are a share of equity in the company, while bonds are a share of credit to the company. When you buy one share of s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can put options be used to buy shares at a lower price? ### Answer: Cart's answer describes well one aspects of puts: protective puts; which means using puts as insurance against a decline in the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Canadian personal finance software with ability to export historical credit card transactions? ### Answer: If you're willing to use OFX or QIF files, most Canadian banks can spit output more data than...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Didn't apply for credit card but got an application denied letter? ### Answer: fine because the application was declined anyway. No it isn't fine. Credit card applications generally need a hard pull, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are daily rebalanced inverse/leveraged ETFs bad for long term investing? ### Answer: If you want to make a profit from long term trading (whatever "long term" means for you), the best strategy is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why use accounting software like Quickbooks instead of Excel spreadsheets? ### Answer: I think your reasons are good. Fundamentally accounting software is built to ensure you record your accounting da...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What low-fee & liquid exchange-traded index funds / ETFs should I consider holding in a retirement portfolio? ### Answer: I use the following allocation in my retirement portfolio: I prefer these beca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What exactly is a wealth management platform? ### Answer: It's a tech buzzword. OK I'm being a bit glib. A Wealth Management Platform is a software system designed to help people track their investme...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean to be a “high fee” or “low fee” 401k? ### Answer: Every 401(k) has managers to make the stock choices. They all have different rates. You want to see that fidelity or Vangard is h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is street-side booking? ### Answer: This is a technical term referring to the "double entry"-styled book keeping of trades by brokers. Suppose a client executes a buy order with their broker. Th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Optimal Asset Allocation ### Answer: When you have multiple assets available and a risk-free asset (cash or borrowing) you will always end up blending them if you have a reasonable objective function....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would I ever need credit card if my debit card is issued by MasterCard/Visa? ### Answer: You ask about the difference between credit and debit, but that may be because you're missing something importa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Determining the minimum dividend that should be paid from my S corporation ### Answer: There are no dividends from S-Corp. There are distributions. Big difference. S-Corps fill form 1120S and schedule...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good size distribution for buying gold? ### Answer: Look at a broader diversification. Something like: For physical gold, I'd look at a mix of gold coins and bullion. Study the pricing model...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a Non US citizen gain SEC Accredited Investor Status? ### Answer: Here are the SEC requirements: The federal securities laws define the term accredited investor in Rule 501 of Regulation D ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to get the lowest mortgage rate on a new purchase? ### Answer: Purchase loans tend to be more challenging to get the best possible rate, because you have to balance closing the loan and getting th...
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: As a rule, purchasing fairly priced (minus a spread) insurance on items you can afford to replace is a bad ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it OK to use a credit card on zero-interest to pay some other credit cards with higher-interest? ### Answer: I've done exactly what you are describing and it was a great move for me. A few years ba...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good 5-year plan for a college student with $15k in the bank? ### Answer: I disagree with the IRA suggestion. Why IRA? You're a student, so probably won't get much tax benefits, so why locki...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How separate individual expenses from family expenses in Gnucash? ### Answer: These sort of issues in structuring your personal finances relative to expenses can get complicated quickly, as your examp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does an index have a currency? ### Answer: In practice, most (maybe all) stock indices are constructed by taking a weighted average of stock prices denominated in a single currency, and so the index i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For net worth, should I value physical property at my cost to replace it, or the amount I could get for selling it? ### Answer: Valuation by definition is what an item is worth, not what you paid for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strategic countermeasures to overcome crisis in Russia ### Answer: The ruble was, is and will be very unstable because of unstable political situation in Russia and the economy strongly dependent of t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why sometimes payable date is BEFORE the ex-dividend date? ### Answer: Do you realise that the examples you have given are for stock splits not for dividends, that is why the date payable is before th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is considered high or low when talking about volume? ### Answer: The daily Volume is usually compared to the average daily volume over the past 50 days for a stock. High volume is usually consid...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Long term investment for money ### Answer: Say you have $15,000 of capital to invest. You want to put the majority of your capital into low risk investments that will yield positive gains over the cou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strategies for putting away money for a child's future (college, etc.)? ### Answer: (Congratulations on the little one on the way.) I'd recommend saving outside of tax-advantaged accounts. Pay your t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I evaluate reasonability of home improvement projects? ### Answer: The exact answers depend on what you're going to do and what you started with and what your local market is like ... But a bit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do Americans have to file taxes, even if their only source of income is from a regular job? ### Answer: Politics is certainly part of the equation, in two ways that I can think of. These don't nec...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do shares purchased on FTSE AIM move with company to other markets? ### Answer: Any shares you buy when a company is listed on one market will remain yours if the company moves to another market. Mark...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Offshore bank account with online International wire-transfer facility for Indians ### Answer: All Indian Banks are offering USD accounts known as multicurrency account, where you can hold your fund, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: CEO entitlement from share ownership? ### Answer: You can apply for a position with any company you like, whether or not you are a shareholder. However, owning shares in a company, even lots of shares...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does a stock's price fluctuate so often, even when fresh news isn't available? ### Answer: according to me it's the news about a particular stock which makes people to buy or sell it mostly thus c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How often are preferred shareholders made whole after a company goes bankrupt? ### Answer: From the Times A Reader Q.&A. on G.M.’s Bankruptcy Q. I own G.M. preferred shares. Should I be looking to sel...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I establish the cost basis of shares bought in an employee stock purchase program? ### Answer: A public company should have a link for investor relations, which should help provide a trail of b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does it make sense to buy a house in my situation? ### Answer: Short answer: NO. Do NOT buy a house. Houses are a "luxury" good (see Why is a house not an investment?). Although the experience of t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to interpret a 1,372.55% dividend payout ratio (GSK)? ### Answer: I don't think it makes sense to allow accounting numbers that you are not sure how to interpret as being a sell sign. If you know...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Amazon's offer of a $50 gift card a scam? ### Answer: No. Amazon is a reputable company. Many stores have their own credit card. Additionally they have several cards available, through Visa and Dis...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't I open multiple sell orders? ### Answer: From the message you report, it sounds like you are trying to sell the same shares twice, you have two open sell orders for the same shares. Either y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it accurate to say that if I was to trade something, my probability of success can't be worse than random? ### Answer: Don't compare investing with a roll of the dice, compare it with blackjack and...