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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do some online stores not ask for the 3-digit code on the back of my credit card? ### Answer: Some businesses verify the shipping address with the credit card company, and refuse to ship to an alt...
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: There is no objective "should". You need to be clear why you're trackin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I pay a zero % loan before another to clear both loans faster? ### Answer: Aside from the calculations of "how much you save through reducing interest", you have two different types of loan here. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock portfolio value & profit in foreign currency ### Answer: I think this will do the trick: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I get my property taxes lowered? ### Answer: You most definitely can appeal the county's appraisal of your property. How to do so, and your odds of success will vary widely by your location, but ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy a house because Mortgage rates are low ### Answer: As of now in 2016, is is safe to assume that mortgage rates would/should not get back to 10%? What would the rates be in future is specu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Multiple accounts stagnant after quitting job. ### Answer: You ask multiple question here. The 401(k) - move it to an IRA. As others stated,this will lower your costs, and open up a potential I didn'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tracking down forgotten brokerage account ### Answer: A company as large as Home Depot will have a fairly robust Human Resources department and would probably be able to steer you in the right directi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Given current market conditions, how / when should I invest a $200k inheritance? ### Answer: E) Spend a small amount of that money on getting advice from a paid financial planner. (Not a broker or som...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Schwab wants to charge me interest on the money I received for selling TSLA short ### Answer: Brokers have the right to charge interest on any stock that they lend you. Since you borrowed the TSLA to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I pay off my credit card balance to free up available credit? ### Answer: The card you have is one where you had to deposit an amount equivelent to your card limit -a secured limit credit card. C...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Precious metal trading a couple questions ### Answer: Limited Price is probably equivalent to the current par value of a "limit order". Markets move fast, and if the commodity is seeing some volatilit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ghana scam and direct deposit scam? ### Answer: So Linda/Josie's initial plan was to have your dad pay money to (supposedly) help her get the gold chest. After he would have paid, there would have bee...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who can truly afford luxury cars? ### Answer: In many (most?) cases, luxury cars are leased rather than purchased, so the payments on even an expensive car might not be as high as you'd expect. For si...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to chose index funds, mutual funds from a plethora of options (TD Ameritrade) ### Answer: I agree with others here that suggest that you should be taking higher risk since it is repaid with higher...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying extra on a mortgage. How much can I save? [duplicate] ### Answer: How much can I save? Depends on inflation and what other investment opportunities you have. It could end up costing you million...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people buy new cars they can not afford? ### Answer: Most people today (and maybe regardless of era) are irrational and don't properly valuate many of their purchases, nor are they emotionally ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stock index fund likely to keep being a reliable long-term investment option? ### Answer: I think you need a diversified portfolio, and index funds can be a part of that. Make sure that you unders...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Am I considered in debt if I pay a mortgage? ### Answer: Mortgage is a (secured) debt, a combination of a promissory note, and a security interest providing the mortage holder a secured interest in th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people buy new cars they can not afford? ### Answer: Many reasons So in general you are paying more for peace of mind when you buy a new car. You expect everything to be working and if not you ...
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: Let's face it: most people pay more in insurance premiums than they "get back" in claims. I put "get back" i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I sell my stocks when the stock hits a 52-week high in order to “Buy Low, Sell High”? ### Answer: Here in Australia a stock price is usually highest just before a dividend and lowest just after...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does reading financial statements (quarterly or annual reports) really help investing? ### Answer: Reading and analyzing financial statements is one of the most important tasks of Equity Analysts whic...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the tax liabilities for an international transaction? ### Answer: After a bit of rooting around the HMRC sites, I found this page which says this: One key difference is that digitised product...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the purpose of the wash sale rule? ### Answer: Equal sized gains and losses in alternating years would lead to an unjust positive tax. On the contrary. If I can take my gains at the long ter...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What will happen when a bid price is higher than an ask price? ### Answer: The situation you're proposing is an over-simplification that wouldn't occur in practice. Orders occur in a sequence over tim...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I started some small businesses but need help figuring out taxes. Should I hire a CPA? ### Answer: The only professional designations for people allowed to provide tax advice are Attorney, EA or CPA. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Square reported my credit card transactions as personal income? ### Answer: Square is a company. They need to detail as part of their corporate taxes all of their expenses. The money they collected fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it practical to take actual delivery on a futures contract, and what is the process? ### Answer: As mentioned in other answers, you find out by reading the Rulebook for that commodity and exchange....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I avoid international wire fees or currency transfer fees? ### Answer: I haven't seen this answer, and I do not know the legality of it, as it could raise red flags as to money laundering, but...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a legal deadline for when your bank/brokerage has to send your tax forms to you? ### Answer: I got notice from Charles Schwab that the forms weren't being mailed out until the middle of Febru...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does the bank/IRS know whether a bank transfer over $14k is a gift or loan repayment? ### Answer: You don't need to file or do anything. The bank will report all transfers over 10 000, but chances...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will a small investment in a company net a worthwhile gain? ### Answer: If you bought 5 shares @ $20 each that would cost you $100 plus brokerage. Even if your brokerage was only $10 in and out, your ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The difference between Islamic Banks and Western Banks ### Answer: I'm not sure of the theological basis against usury in sharia law. IIRC, sharia forbids excess compensation, and the modern interpret...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Moving savings to Canada? ### Answer: Yes, you can put assets in Canadian banks. Will it protect your wealth to a greater extent than the FDIC protection provided by the US Government? Probably not. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What factors should I consider when evaluating index funds? ### Answer: Your link is pointing to managed funds where the fees are higher, you should look at their exchange traded funds; you will note ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where do large corporations store their massive amounts of cash? ### Answer: For tax optimization, cash is stored mostly overseas, according to the New York Times. For Apple, everytime a song or an ap...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a U.S. citizen open a bank account in Europe? ### Answer: Be mindful of your reporting requirements. Besides checking the box on Schedule B of your 1040 that you have a foreign bank account, y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it true that more than 99% of active traders cannot beat the index? ### Answer: Obviously, these numbers can never be absolute simply because not all the information is public. Any statistic will m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I even need credit cards? ### Answer: There are numerous reasons that go beyond the immediate requirement for access to credit. Many people just plain don't like carrying cash. Before electronic d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing using leverage ### Answer: Step 2 is wrong. Leverage is NOT necessary. It increases possible gain, but increases risk of loss by essentially the same amount. Those two numbers are pretty tig...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I finance a used car or pay cash? ### Answer: One additional reason to pay with cash rather than financing is that you will be able to completely shut down the dealership from haggling over fin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Types of investments with built-in puts or similar safety features ### Answer: An index annuity is almost the same as Indexed Universal Life, except the equity-index annuity is an investment with a gu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need a new EIN since I am hiring employees for my LLC? ### Answer: I called the IRS (click here for IRS contact info) and they said I do not need to get a new EIN. I could have just filed the ap...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I estimate other people's credit limit at the grocery store? ### Answer: The minimum amount is set by the merchant services provider based on the kind of business, its location and the history. It...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debt collector has wrong person and is contacting my employer ### Answer: You are talking to the wrong people. Debt collectors are not intimidated by anything you say. Call and tell them that, before...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I take a personal loan for my postgraduate studies? ### Answer: If you are eligible for FEE-HELP then this is by far the cheapest way of financing higher education in Australia. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stock prices change? [duplicate] ### Answer: In addition to D. Stanley's very fine answer, the price of stocks change as a result of changing market conditions and the resulting investor estima...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I find data on delisted stocks? ### Answer: In general you cannot. Once the security is no longer listed on the exchange - it doesn't have to provide information to the exchange and regulators...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I continue to invest in an S&P 500 index fund? ### Answer: Your 5-8 year time frame is interesting because it is actually a two windows. When people are savings for retirement, they tell us ho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal if I'm managing my family's entire wealth? ### Answer: My answer is with respect to the United States. I have no idea about India's regulatory environment. You are opening yourself up to m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Physical Checks - Mailing ### Answer: You can try writing on the back of the check, in the signature area, "For deposit only to account xxxxxxxxx", leaving room for the signature. This may or may not ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For somebody that travels the same route over and over again, what are some ways to save on airfare? ### Answer: I remember when humorist Dave Barry discussed some guy who invented the software that g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculating Future and Present value into mortgage comparisons ### Answer: Keep in mind the number of months or years before you break even. You pay money to lower the interest rate, and lower the mon...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are binary options really part of trading? ### Answer: you bet that a quote/currency/stock market/anything will rise or fall within a period of time. ... So, what is the relationship with trading ? I ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Got charged ridiculous amount for doctor's walk in visit. What are my options? ### Answer: Some doctors will give folks who are not covered by insurance a price break. If that describes you, you could...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For a car, would you pay cash, finance for 0.9% or lease for 0.9%? ### Answer: One part of the equation that I don't think you are considering is the loss in value of the car. What will this 30K car ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit History and Outstanding Debts in Hungary ### Answer: It appears all you have to do is submit a form. It might be better if she submitted it herself instead of you doing it on her behalf. All n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can everyday people profit from unexpected world events? ### Answer: NASDAQ has Pre and After market : NASDAQ Trading Schedule Regular Trading Session Schedule The NASDAQ Stock Market Trading Sessio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a small amount (e.g. $50) of stock via eToro “Social Trading Network” using a “CFD”? ### Answer: There are some useful answers here, but I don't think any of them are quite sufficient. Yes, th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you recommend some good websites/brokers for buying/selling stocks in India? ### Answer: Indiabulls. Low brokerage (If you bargain) I'm user of it and I'm getting 25paisa for delivery and 5 paisa ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any problem if I continuously spend my credit card more than normal people? ### Answer: Sometimes when you are trying to qualify for a loan, the lender will ask for proof of your account balances and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are banks providing credit scores for free? ### Answer: It's the inevitable result of the Fair, Isaac Company deciding to sell access to credit scores to the general public: some marketing dude at...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Distribution vs withdrawal for an investment account ### Answer: A mutual fund makes distributions of its dividends and capital gains, usually once a year, or seminanually or quarterly or monthly etc;...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Uni-Select (UNS.TO) Market Cap Incorrect? ### Answer: Note that your link shows the shares as of March 31, 2016 while http://uniselect.com/content/files/Press-release/Press-Release-Q1-2016-Final.pdf n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: tax deduction for 30k loan ### Answer: The loan itself is not tax deductible; unless you took it as part of a mortgage, anyway, it's just a regular loan. Mortgage and Student Loan Interest deductions...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are marijuana based investments promising, or just another scam? ### Answer: Any advertisement for a "business opportunity" is nearly always a scam of some kind. In such deals, the seller is the one m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Rolled over husband's 401(k) to IRA after his death. Can I deduct a loss since? ### Answer: I trust the 401(k) was a traditional, pre tax account. There was no tax paid, and any withdrawals would be t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I borrow in order to improve a home I just bought? ### Answer: Be careful that pride is not getting in the way of making a good decision. As it stands now what difference does it make to have...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does re-financing an FHA-insured mortgage incur the UFMIP again? ### Answer: When you got your original HUD backed mortgage there were three options: monthly, annual and upfront payments. The plan is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a larger down payment make an offer stronger? ### Answer: There is a lot of your financial information that the selling agent handles in the course of a real estate transaction, including but not...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the best software tools for personal finance? ### Answer: I'm a big fan of buxfer.com ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to invest for the event of a US default? ### Answer: If the US economy crashes at all suddenly, the global economy goes with it. In that case, yes, the postapocalyptic scenarios may be the best an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What fiscal scrutiny can be expected from IRS in early retirement? ### Answer: IRS Pub 554 states (click to read full IRS doc): "Do not file a federal income tax return if you do not meet the filing ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 401K - shift from agressive investment to Money Market ### Answer: If you look at history, it shows that the more people predict corrections the less was the chance they came. That doesn't prove it st...
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: Since you ask.... How do I do it? My frugality doesn't come from budgeting or even half so much from keeping money ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the effect of a high dollar on the Canadian economy, investors, and consumers? ### Answer: It depends primarily on how the Canadian economy is designed i.e export oriented or import oriented. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I use my non-tax advantaged investment account to pay off debt? ### Answer: If what you are paying in interest on the debt is a higher percentage than what your investments are returning, the b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to diversify IRA portfolio given fund minimum investments and IRA contribution limits? ### Answer: Many mutual fund companies (including Vanguard when I checked many years ago) require smaller min...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I have to pay taxes in the US if my online store sells to US customers even though I don't live in the US? ### Answer: You're not physically present in the US, you're not a US citizen, you're not a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the stock market price for a share always higher than the earnings per share? ### Answer: Think about the implications if the world worked as your question implies that it "should": A $15 shar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm upside down on my car loan and need a different car, what can I do? ### Answer: For the future: NEVER buy a car based on the payment. When dealers start negotiating, they always try to have you f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I handle fund minimums as a beginning investor? ### Answer: If you are comfortable picking individual stocks and can get into Robinhood you only need $1000 to get started. This means buying one...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you find reasonably priced, quality, long lasting clothing? ### Answer: On the quality angle a big part of it is experience, but the biggest thing is careful observation. You have to take a cl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the incentive for a bank to refinance a mortgage at a lower rate? ### Answer: It also reduces risk from the bank's eyes. Believe it or not, they do lose out when people don't pay on their mort...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are solar cell panels and wind mills worth the money? ### Answer: Solar water heaters are definitely questionable in the Northeast -- the season when you most need them is also the season when they ar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: ETF's for early retirement strategy ### Answer: If your intention is to purchase ETFs on a regular basis (like $x per month), then ETFs may not make sense. You may have to pay a fixed transaction cos...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Put idle savings to use while keeping them liquid ### Answer: I'd have a look at Capital One's Online account too, they've got 1.35% interest rate with 10% bonus if you have over $15k deposited. It is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Low risk hybrid investment strategy ### Answer: I recall similar strategies when (in the US) interest rates were quite a bit higher than now. The investment company put 75% or so into into a 5 year gu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any way to buy a new car directly from Toyota without going through a dealership? ### Answer: Any car manufacturer that undercuts their own dealer network would have that network fall apart q...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to accurately calculate Apple's EPS ### Answer: On closer look, it appears that Google Finance relies on the last released 10-k statement (filing date 10/30/2013), but outstanding shares as of las...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would I want a diversified portfolio, versus throwing my investments into an index fund? ### Answer: Index funds are well-known to give the best long-term investment. Are they? Maybe not all the t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I get a bill (e.g. for internet service), is that a debt I owe? If no, what are the practical difference between a bill and a debt? ### Answer: From accounting perspective, an unpaid bill for inter...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should Emergency Funds be Used for Infrequent, but Likely, Expenses? ### Answer: If you think about it, it's really all one big pot of money. The idea behind an "emergency fund" is that you want to m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I legally and efficiently help my girlfriend build equity by helping with a mortgage? ### Answer: There is no simple, legally reasonable, way for her to build equity by helping out with your m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal if I'm managing my family's entire wealth? ### Answer: You are opening up a large can of worms with how you are doing this. In very positive years, you'll have taxes based on your income,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is auto insurance ridiculously overpriced for those who drive few miles? ### Answer: Not all miles carry the same amount of risk. A survey by Progressive indicated that accidents are most likely t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much time would I have to spend trading to turn a profit? ### Answer: It depends on how you define trading. If you're looking at day-trading, where you're probably going to be in a highly-leverag...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Planning to invest in stock, age 16 ### Answer: First of all, since you're 16 - you will not invest in anything. You cannot, you're a minor. You cannot enter contracts, and as such - you cannot transa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strategy to minimize taxes due to unpaid wages? ### Answer: Can I write off the $56,000 based on demand letters? Or do I need to finish suing him to write-off the loss? No and no. You didn't pay tax...