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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate interest payments without EBIT ### Answer: The actual financial statements should always be referenced first before opening or closing a position. For US companies, they are freely av...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Personal credit card for business expenses ### Answer: If you are just starting out, I would say there is no disadvantage to using a personal card for business expenses. In fact, the advantage of doin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to make money by getting a mortgage? ### Answer: To keep the math simple, say you are in the 25% federal tax bracket. Your 4% mortgage effectively costs you 3%. Did Mr Advisor tell you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Simultaneous long/short India ### Answer: I know its not legal to have open long and short position on specific security (on two stock exchanges - NSE/BSE) There is nothing illegal about it. There are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Scammer wants details and credentials for my empty & unused bank account. What could go wrong? ### Answer: It's a scam. Here are the many signs: The bank will never ask for your password. They can ac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does historical data get adjusted for dividends, exactly? ### Answer: If you download the historical data from Yahoo, you will see two different close prices. The one labeled 'Close' is simply the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stocks track the price of Oil? ### Answer: Anthony Russell - I agree with JohnFx. Petroleum is used in making many things such as asphalt, road oil, plastic, jet fuel, etc. It's also used in so...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should a retail trader choose a broker with access to dark pools ### Answer: That's like a car dealer advertising their "huge access" to Chevrolet. All brokers utilize dark pools nowadays, either the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do employers require you to spread your 401(k) contributions throughout the year to get the maximum match? ### Answer: The only way to know the specific explanation in your situation is to ask you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a checking account and how does it work? ### Answer: As others have noted, in the U.S. a checking account gives you the ability to write a check, while a savings account does not. I think you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which credit card is friendliest to merchants? ### Answer: Back when they started, Discover undercut Visa and Amex fees by about a point. This was also true when I worked for a mail-order computer ret...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any reason not to put a 35% down payment on a car? ### Answer: If you know that you have a reasonable credit history, and you know that your FICO score is in the 690-neighborhood, and the dea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Scam or Real: A woman from Facebook apparently needs my bank account to send money ### Answer: The other answers describe why this is highly likely to be a scam. This answer describes why you don't wa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Choose online stock trading companies ### Answer: Every brokerage is different, on all of their websites they have an actual list of fees. There are tons of different charges you may encounter. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a public company allowed to issue new shares below market price without consulting shareholders? ### Answer: Shares are partial ownership of the company. A company can issue (not create) more of th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The cost of cleaning the house that we rented far exceeds the security deposit. Should we bother? ### Answer: I am surprised at the amount of work this contract wants done. I'd question if it's even ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As a young adult, what can I be doing with my excess income? ### Answer: You apparently assume that pouring money into a landlord's pocket is a bad thing. Not necessarily. Whether it makes sense to pu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ethics and investment ### Answer: There are a number of mutual funds which claim to be 'ethical'. Note that your definition of 'ethical' may not match theirs. This should be made clear in the prospect...
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: Most corporations have a limit on the number of shares that they can issue, which is written into their corporate charter...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Put on a put option ### Answer: If you look at it from the hedging perspective, if you're unsure you're going to need to hedge but want to lock in an option premium price if you do need to do so, I co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Purpose of having good credit when you are well-off? ### Answer: I have never had a credit card and have been able to function perfectly well without one for 30 years. I borrowed money twice, once for...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to do a direct cash flow statement given a stock ticker ### Answer: For US equities, Edgar Online is where companies post their government filings to the SEC. On Google Finance, you would look at ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a car loan bad debt? ### Answer: Just to argue the other side, 1.49% is pretty low for a loan. Let's say you have the $15k cash but decide to get the car loan at 1.49%. Then you take the rest of th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stability of a Broker: What if your broker goes bankrupt? Could you lose equity in your account? ### Answer: The Securities Investor Protection Corporation is roughly analogous to the FDIC for investm...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to trade “exotic” currencies? ### Answer: Keep in mind that not every currency is "tradeable", i.e.: convertible. In fact, neither the Brazilian nor the Thai currencies are fully convertible, and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why should a company go public? ### Answer: The reason to go public is to get money. Not to be snarky, but your question is like asking, "Why should a company try to sell its products, when if they ju...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to deal with IRS response of no action to 83(b) election? ### Answer: I think you should consult a professional with experience in 83(b) election and dealing with the problems associated with that...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock exchanges open on Saturday ### Answer: According to Wikipedia as well as this stock market trading-hours website, the Tehran Stock Exchange is open Saturday through Wednesday. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are traders 100% responsible for a stock's price changes? ### Answer: Traders = every market participant. Not some shadow figure that excludes you just because you passively drop cash into a 401k Vang...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does money value normally decrease? ### Answer: You expect interest because you forgo the opportunity of using the money as well as the risk of losing the money if the borrower can not pay you bac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I invest in an index fund but screen out (remove) certain categories of socially irresponsible investments? ### Answer: I think the answer to your question is no, in theory. By screening out f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In a house with shared ownership, if one person moves out and the other assumes mortgage, how do we determine who owns what share in the end? ### Answer: The ownership of the house depends on what the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does “100% stock dividend” mean? ### Answer: A 100% stock dividend means that you get one share of the "stock dividend" for every share you own. For example, Google did this in 2014 when they gav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Basic finance: what should everyone know? ### Answer: The statement "Finance is something all adults need to deal with but almost nobody learns in school." hurts me. However I have to disagree, as a f...
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: Depending on where you are, you may be able to get away with filing a "Doing Business As" document with your loc...
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: For your first question, the general guidelines I've seen recommended are as follows: As to your second quest...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying over the minimum mortgage payment ### Answer: take a look at this graph here: http://mortgagevista.com/#m=1&a=40000&b=4&c=30y&B&oa&ob&oc&od It shows how much it costs to borrow $40k for 30 year...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Smart to buy a house in college? ### Answer: I've heard success stories but personally, I was considering it and I'm so glad I didn't. I ended up hating the atmosphere; left after one semester. To tak...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does dollar cost averaging really work? ### Answer: Dollar cost averaging moderates risk. But you pay for this by giving up the chance for higher gains. If you took a hundred people and randomly had t...
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: FX is often purchased with leverage by both retail and wholesale speculators on the assumption daily movements are typically more restrained than a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Project future trend of a stock with high positive autocorrelation ### Answer: Auto-correlation is a statistical concept for measuring repeating patterns in series. In stocks it is of particular inte...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What taxes are involved for LLC in Georgia? ### Answer: Your best course of action is to gather your paperwork, ask around your personal network for a recommendation for a good CPA, and pay that perso...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: US tax for a resident NRI ### Answer: If you are tax-resident in the US, then you must report income from sources within and without the United States. Your foreign income generally must be reported ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mutual Fund with Dividends ### Answer: Funds built of dividend-paying stocks are normally called income funds. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the stock market create any sort of value? ### Answer: I probably don't understand something. I think you are correct about that. :) The main way money enters the stock market is through investo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What do I need to do to form an LLC? ### Answer: You can file an LLC yourself in most states, although it might be helpful to use a service if you're not sure what to do to ensure it is correct. I fi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference between Market Cap and NAV? ### Answer: I think the key concept here is future value. The NAV is essentially a book-keeping exercise- you add up all the assets and remove all th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the rise in ACA premiums affect employer-provided health insurance premiums? ### Answer: It's likely impossible to determine why premiums are increasing in a meaningful way; not only is the inter...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do banks lose money on foreclosures? ### Answer: Someone has to hand out cash to the seller. Even if no physical money changes hands (and I've bought a house; I can tell you a LOT of money changes...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do company-provided meals need to be claimed on my taxes? ### Answer: In many cases yes. In the case of an employer handing employees a credit card to use, that is clearly income if the card is used ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to measure how the Australian dollar is faring independent of the US dollar ### Answer: If you're interested in slower scale changes, one option is to use indexes that value a common commodity in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate/reconcile conflicting P/E ratios? ### Answer: The user who wrote the Zerohedge item: The CBS article: The Quora estimate is similar to the Zerohedge one (estimated a round value of 10...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a “total stock market” index fund diverse enough alone? ### Answer: I don't think you are missing much, if anything, Brendan. You get massive diversification and low fees with a fund like VTI. I'm ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does my net paycheck decrease as the year goes on due to tax brackets filling up? ### Answer: In general no, if you just have one employer and work there with the same salary for the whole year. Typi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trade? Buy and hold? Or both? ### Answer: You don't seem to be a big fan of trading as you may think it may be too risky or too time consuming being in front of your computer all day long. You also do...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a good strategy to invest when two stock companies either merge or acquisition? ### Answer: There's an old adage in the equities business - "buy on rumor, sell on fact". Sometimes the strate...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does market cap (or market capitalization) mean? ### Answer: Market cap is basically the amount of money that it would cost to buy all of the shares of public stock in a company. Or share cost ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I cash out a check internationally? ### Answer: This question was asked three years ago, but now that it's 2017 there is actually a relatively easy, cheap and fast solution to at least the fir...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I find out what factors are making a stock's price rise? ### Answer: When you look at the charts in Google Finance, they put the news on the right hand side. The time stamp for each news item ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there Cashflow Positive Investment Properties in the USA? ### Answer: I'm an Aussie and I purchased 5 of these properties from 2008 to 2010. I was looking for positive cash flow on properties for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I Have Received a 1099-G? ### Answer: If you don't itemize your deductions, your state tax refund is not considered income to you. Even if you didn't receive the actual 1099-G, you know how muc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy my house from my landlord? ### Answer: Can he legally break your lease if he sells the place? If not I would just keep renting. It doesn't sound like you love the house and you plan on m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a building with two flats, can I rent one out and still get a residential mortgage? ### Answer: I'd talk to a solicitor and see if you can structure the purchase in a way that breaks the proper...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does the importance of a cash emergency fund change when you live in a country with nationalized healthcare? ### Answer: There are, of course, many possible financial emergencies. They range from ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: online personal finance software that I can host myself ### Answer: You can use www.mint.com for most of your requirements. It works great for me, it's free and I'd say is secure. Hosting that kind of...
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: Websites like neobudget dot com or mint dot com can help you see where your money is going, especially if you use mostly checks, deb...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Saving for a non-necessity ### Answer: In the course of one's spending, it's not tough to find things that are going to be that expensive. A median income is in the $50K range in the US. The diamond ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a restaurant offer a very large cash discount? ### Answer: This could be a case of the new chip card technology and dealing with slow reimbursement turnaround time. I recently visited a rest...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it prudent to sell a stock on a 40% rise in 2 months ### Answer: Depends entirely on the stock and your perception of it. Would you buy it at the current price? If so, keep it. Would you buy someth...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should a 19 year old with a moderate inheritance look for in a financial advisor? ### Answer: I think your question is pretty wise, and the comments indicate that you understand the magnitude of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stocks and Shares IS ### Answer: What are the options for “near cash equivalents”? A: You can actually hold cash in your account as long as the manager has reason to believe it is awaiting investment....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Cashing a cheque on behalf of someone else ### Answer: If the cheque is crossed (as almost all are these days), it can only be paid into an account in the name of the person it was written out to: it ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Borrowing money for a semi-urgent medical expense ### Answer: The best option would be to have the dental office allow you pay in installments. That would be probably the cheapest and most convenient ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the event of a corporate spin-off, how can I calculate the correct cost basis for each company's shares? ### Answer: I was doing my taxes in the US (called Form 1040) and wanted to find out how to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is a stock that pays a dividend preferrable to one that doesn't? ### Answer: Dividend paying stocks are not "better" In particular shareholders will get taxed on the distribution while the compan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are services provided to Google employees taxed as income or in any way? ### Answer: (1). Is this right? Pretty much, though this is a really rudimentary way to think about it. (2). If it is, why is i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the best application, software or tool that can be used to track time? ### Answer: The best one I've found is TimeSnapper, I have the worst memory but this basically allows me to visually play ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Explain the HSI - why do markets sometimes appear in sync and other times not? ### Answer: Contributing factors to the diversion were that: A) China's currency does not float like other major countrie...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a home without a Real Estate Agent - Who should I get to do the paperwork? ### Answer: Whether or not you use a real estate agent, at some stage most people use a lawyer to do the actual buying...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are Australian mutual fund fees large compared to US? ### Answer: This is a Vanguard-specific difference in the sense that in the US, Vanguard is a leader in lowering management fees for the mutual fu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is taxation for youtube/twitch etc monetization handled in the UK? ### Answer: The HMRC has a dedicated self-help/learning site that is helpful here: It's important to tell HMRC that you are self-...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean for a normal citizen like me when my country's dollar value goes down? ### Answer: This may make Australian exports cheaper, which can be a good thing. However it is at the expense o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to own all the funds my target-date funds owns to mimic it? ### Answer: If you read Joel Greenblatt's The Little Book That Beats the Market, he says: Owning two stocks eliminates 46% of the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to measure the cost/value of an Asset in the Financial Statement ### Answer: I suggest that you use your own judgement on this. You can assign a reasonable percentage since it is impossible to mon...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How and Should I Invest (As a college 18 year old with minimal living expenses)? ### Answer: You have great intentions, and a great future. As far as investing goes, you're a bit early. Unless your pa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I get rid of worthless penny stocks if there is no volume (so market/limit orders don't work) and my broker won't buy them from me? ### Answer: Your broker should be able to answer this. Many b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it bad etiquette to use a credit or debit card to pay for single figure amounts at the POS ### Answer: A lot of stores, especially smaller ones, won't accept card payments under $10.00. They pay a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the bid-ask spread considered a cost? ### Answer: As an aside, on most securities with a spread of the minimum tick, there would be no bid ask spread if so-called "locked markets", where the pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do multi-currency bank accounts work? What is the advantage? ### Answer: Today typically a Business needs to hold accounts in more than one currency. Banks in certain countries are offering what i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Expecting to move in five years; how to lock mortgage rates? ### Answer: First consider the basic case of what you are asking: you expect to have a future obligation to pay interest, and you are conce...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the best application, software or tool that can be used to track time? ### Answer: There are tonnes, and tonnes of things out there, but you have to be careful what you search for. Be specific...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stories of turning a few thousands into millions by trading stocks real? ### Answer: I made upwards of 3M from 200K by trading stocks, which I made from a business that I invested 20K in. HOWEVER...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Changed from job that had a 401K, and the new one doesn't. How do I answer when filing? ### Answer: If you had a retirement plan at any time in 2013 you are considered covered by an plan. Are You Cove...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do rich people guarantee the safety of their money, when savings exceed the FDIC limit? ### Answer: With a lot excess cash you eventually have two goals: Since interest on cash bank deposits does ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do I not see goods and services all change their price when inflation is high? ### Answer: In most circumstances prices do not change on a daily basis on most goods and services, and just because ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do car rental companies prefer/require credit over debit cards? ### Answer: I am not sure if this is the actual reason or not, but all of the major credit cards (Visa, Mastercard, Amex, Discover) ...
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: You are better off just placing a market order if you want ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can someone help me understand my student loans? ### Answer: Paying the minimum balance on a loan can be DEVASTATING and is highly UN-RECOMMENDED. It is important you understand your loan and the term...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tenant wants to pay rent with EFT ### Answer: The mode of payment mentioned by your bank is called the ACH(Automatic Clearing House) which means that anyone(Trusted payment gateway owners like banks t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to continuously plot futures data ### Answer: Note that the series you are showing is the historical spot index (what you would pay to be long the index today), not the history of the futures quot...