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FinQA

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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should my finances look like at 18? ### Answer: The golden rule is "Pay yourself first." This means that you should have some form of savings plan set up, preferably a monthly automatic withdrawa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Rules for Broker Behavior with Covered Calls ### Answer: I think the question, as worded, has some incorrect assumptions built into it, but let me try to hit the key answers that I think might help: Y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are wire transfers and other financial services in Canada so much more expensive than in Europe? ### Answer: because bankers are crooks is a very close answer. Just accept the truth that financial...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would I vote for an increase in the number of authorized shares? ### Answer: Why would I want to approve an increase in the number of authorized shares? Because you trust management to use those s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are lottery tickets ever a wise investment provided the jackpot is large enough? ### Answer: Mathematically speaking there would be a point where the expected value EV of purchasing every possible t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best way to day trade with under $25,000 ### Answer: One way a lot of people bypass the pattern trading equity requirement is to open multiple brokerage accounts. You have $10k, put $5k in one and $5k...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I request to change 401k offerings from my employer, e.g. to invest in ETFs? ### Answer: The presence of the 401K option means that your ability to contribute to an IRA will be limited, it doesn't...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I invest in to hedge against a serious crash or calamity? ### Answer: Different risks require different hedges. You won't find a single hedge that will protect you against any risk. The ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would anyone want to pay off their debts in a way other than “highest interest” first? ### Answer: I wouldn't advocate it, but one reason to pay a lower interest rate is if you have $990 on a $100...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When should I start saving/investing for my retirement? ### Answer: Start as early as possible and you will want to kiss your younger self when you get to retirement age. I know you (and everyone else...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As a Brit, how do I invest in US ETFs ### Answer: Vanguard has just recently started listing its funds in London but it doesn't look like the High Dividend Yield ETF is available yet. You'll need to e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Periodicity in stock charts ### Answer: If the period is consistent for company X, but occurs in a different month as Company Y, it might be linked to the release of their annual report, or the paymen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How many warrants do I need to exercise to get a stock? ### Answer: No, you trade the warrant and the warrant price of $11.50 for one stock. The warrant is a little like an option, but with a longer t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is buying pressure? ### Answer: Buying pressure means there are more interested buyers than there are ready sellers putting upward pressure on prices. That might include institutional buyers who ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When does Ontario's HST come into effect? ### Answer: In general you must charge HST on and after July 1, 2010. However, in the case of delivered sales, you must charge HST if the transfer of goods wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Car finance (loan) insurance requirements (store car) ### Answer: Okay, definitive answer for this particular company (Toyota Finance) is (somewhat surprisingly, and glad I asked) it must be fully ins...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Approach to share options in the UK ### Answer: When your options vest, you will have the option to buy your company's stock at a particular price (the strike price). A big part of the value of the op...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Money limit to pay tax for Patreon ### Answer: If you are in the US, you legally must file taxes on any income whatsoever. How much you will pay in taxes, if any, will depend on your total taxable in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the point of a chargeback when they just ask the merchant whether they owe money to the buyer? ### Answer: The point of a chargeback is to force merchants to do the paperwork. Many merchants do...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does negative Total Equity means in McDonald's balance sheet? ### Answer: what does negative Total Equity means in McDonald's balance sheet? It means that their liabilities exceed their total ass...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I be building a house with the bank forever? ### Answer: No, you can't do this indefinitely. For one, you can't just take money out as home equity with no strings attached. The cash out is done as...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Price difference among shares in Hong Kong and Shang Hai ### Answer: These markets are independent, just like any other stock market. For example, there are stocks on the Milan stock exchange that are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any “Personal” Finance app that allows 2 administrators? ### Answer: We use mint for just that. We have a "shared" account. We each have the mobile app and share the same pin for the applicat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I owe taxes if my deductions are higher than my income? ### Answer: No, it's not possible. Even if you had no deduction or credits, your federal tax on $16,604 would be: $9075 @ 10% = $907.50 + $7...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculate APR for under 1 year loan ### Answer: Is the pay cycle every 2 weeks? So 30% each two week period is 1.3^26 = 917.33 or an APR of 91633%. Loansharks charge less, I believe standard vig was ...
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: If you don't need leverage, then it's a better idea to just buy the underlying sock itself. This will net you the following benefits: Leverage...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Current accounts reward schemes and reciprocal standing orders? ### Answer: I don't think it would be counted as income, and if it's a short-term loan it doesn't really matter as the notional interest...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you sell a security through a different broker from which it was purchased? ### Answer: Many brokers allow you to transfer shares to another broker without selling them. It depends on what kind of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does AAPL trade at such low multiples? ### Answer: This is an opinion, but I think it has more to do with the market's uncertainty about the long-term future of the company without Steve Jobs. Ap...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does gold have value? ### Answer: To start with gold has value because it is scarce, durable, attractive and can be made into jewellery. But that does not explain its current value. In the current...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Please explain the relationship between dividend amount, stock price, and option value? ### Answer: The exchanges artificially push the price of the stock down on the ex-div date. Often the impact of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Business Expense - Car Insurance Deductible For Accident That Occurred During a Business Trip ### Answer: As a general rule, you must choose between a mileage deduction or an actual expenses deduction...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Real Estate ever a BAD investment? If so, when? ### Answer: Real estate is always an interesting dynamic. In most cases prices have always gone up. Price is mainly a function of demand. Sometim...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paid part of my state refund back last year; now must declare the initial amount as income? ### Answer: http://www.irs.gov/taxtopics/tc503.html says you can deduct "Any prior year's state or local inc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a widely recognized bond index? ### Answer: Multiple overlapping indices exist covering various investment universes. Almost all of the widely followed indices were originally created by Leh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Saving for a down payment on a new house, a few years out. Where do we put our money next? ### Answer: In October 2011 in the United States, you just don't have any options. Save your money in a savi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I calculate total return of stock with partial sale? ### Answer: Treat each position or partial position as a separate LOT. Each time you open a position, a new lot of shares is created. If yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I fund a move by borrowing or selling other property assets? ### Answer: that would deprive me of the rental income from the property. Yes, but you'd gain by not paying the interest on your oth...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any consequences for investing in Vanguard's Admiral Shares funds instead of ETF's in a Roth IRA? ### Answer: The mutual fund will price at day's end, while the ETF trades during the day, li...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What prevents interest rates from rising? ### Answer: To protect yourself from an increase in interest rates get a fixed rate loan. The loan terms: interest rate, number of payments, monthly payments ...
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: You could consider turning your current place into a Rental Property. This is more easily done with a fixed rate loan, and you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do consultants or contractors make more money than employees? ### Answer: There are a couple of reasons, including: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I finance a new home theater at 0% even though I have the cash for it? ### Answer: You should look at the opportunity cost for your money (i.e. what kind of return it could generate otherwise)....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I open a credit card when I turn 18 just to start a credit score? ### Answer: No, don't open a credit card. Get used to paying cash for everything from the beginning. The best situation you can...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debit cards as bad as credit cards? ### Answer: If it is one of those debit cards you use just like a credit card without a PIN, I'd cancel it regardless of whatever you are trying to do with your fin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to spend more? (AKA, how to avoid being a miser) ### Answer: @pyb is right - you should put an hourly dollar value on your time. Calculate a realistic number and keep it in the back of your mind....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I improve my auto insurance score? ### Answer: Auto Insurance score is in no way related to your driving habits, instead it is based on your credit usage. You are often punished for having mo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a multi-family home to rent part and live in the rest ### Answer: Disadvantage is that tenant could sue you for something, and in an unfavorable judgement they would have access to your house a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do Islamic Banking give loans for housing purposes? ### Answer: As I understand it, if the "borrower" puts a down payment of 20% and the bank puts down 80%, then the bank and the "borrower" own th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shares; are they really only for the rich/investors? ### Answer: As a matter of fact, I invest small sums in stable stocks every month (in fact, much lesser than the $50 you are talking about). More t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I carelessly invested in a stock on a spike near the peak price. How can I salvage my investment? ### Answer: Just get out. If the investment isn't going up, you are losing money to inflation, as well...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Obtaining Private Prospectuses ### Answer: How can I get quarterly information about private companies? Ask the owner(s). Unelss you have a relationship and they're interested in helping you, they wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a employers supposed to calulate drive time pay with your weekly gross pay ### Answer: Reimbursements for business expenses are generally not taxable, but the commute from home to the job and back ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is diversification better ### Answer: Diversification tends to protect you from big losses. But it also tends to "protect" you from big gains. In any industry, some companies provide good products and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Please explain: What exactly is a CDS or “Credit Default Swap”? ### Answer: From my understanding, a CDS is a financial product to buy protection against an event of "default" (default of payment). Ex...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off my credit card online immediately or wait for the bill? ### Answer: I am going to break rank slightly with the consensus so far. Here's the deal, it probably DOES help your credit sl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are your experiences with 'self directed' 401ks? ### Answer: I use the self-directed option for the 457b plan at my job, which basically allows me to invest in any mutual fund or ETF. We get Schw...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Has anyone compared an in-person Tax Advisor to software like Turbo Tax? ### Answer: A CPA or Enrolled Agent can be helpful, especially if you have a complicated situation such as owning your own busi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is 0% credit card utilization worse than 1-20% credit card utilization for any reason other than pure statistics? ### Answer: Credit Scores / Rates are based on sometimes simple and sometimes quite co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need a business credit card? ### Answer: I finally got one to separate my business and personal expenses. It will make accounting at the end of the year a lot easier. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference when asked for “debit or credit” by a store when using credit and debit cards? ### Answer: I'm surprised by all the pro-credit answers here, debit has some definite advantages. M...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do only motor insurers employ “No Claims Discounts”? ### Answer: Some people are better drivers than others. A collision can happen to anybody, even good drivers. The collision might not be your ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit card closed. Effect on credit score (USA) ### Answer: There are two factors in your credit score that may be affected. The first is payment history. Lenders like to see that you pay your bills,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a way to buy raw oil today and sell it in 1 year time? ### Answer: You can buy the exchange traded fund ETFS WTI Crude Oil (CRUD), amongst other ETFS products. http://funds.ft.com/uk/Tearshee...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are startup shares worth more than the total investment funding? ### Answer: The net worth is based on an estimate of how much he would get if he relinquished his stake. The total funding is base...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why people still look for “naked” short-sellng stocks instead of short selling CFDs ### Answer: Investopedia has a nice article on this here The Key benefit looks like better returns with lower capita...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paid cash for a car, but dealer wants to change price ### Answer: Your son is in the right. But he broke the "unwritten" rules, which is why the car dealer is upset. Basically, cars are sold in the Un...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: what is difference between stock and dividend? ### Answer: stocks represent ownership in a company. their price can go up or down depending on how much profit the company makes (or is expected to make...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do corporate stock splits negate share repurchase programs? ### Answer: Companies do both quite often. They have opposite effects on the share price, but not on the total value to the shareholders. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shares; are they really only for the rich/investors? ### Answer: A guy I used to work with would buy some shares in certain companies on a regular basis. The guy in question chose Coke, Pepsi, GE, Di...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I convert spread option into regular call or put? ### Answer: Just so I'm clear- the end result is a long call, and you think the stock is going up. There is nothing wrong with that fundamentally....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Name first on car loan can you also be the cosigner ### Answer: I want to first state that I'm not an attorney and this is not a response that would be considered legal advice. I'm going to assume th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages of family foundations in wealth management? ### Answer: Private wealth management | A family business, which has multiple interests and considerable wealth, can seek the benefi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which technical analysis indicators are considered leading stock market indicators? ### Answer: Relative Strength Indicators are also trailing indicators. They are based on the number of recent uptic...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using credit cards online: is it safe? ### Answer: Why do online services ask for all those CVV codes and expiration date information, if, whenever you poke the card out of your wallet, all of its inf...
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: You don't say your level of consumer debt. You don't say how much of an emergency fund you have....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the number of issued shares less than the number of outstanding shares ### Answer: The language in the starbucks accounts is highly ambiguous. But Starbucks has no treasury shares which helps w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a bond etf drop by the amount of the dividend just like an equity etf ### Answer: No, they do not. Stock funds and bonds funds collect income dividends in different ways. Stock funds collect di...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is this comparison of a 15-year vs. a 30-year mortgage reasonable? ### Answer: I think your analysis is very clear, it's a sensible approach, and the numbers sound about right to me. A few other thing...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I protect myself from a scam if I want to help a relative? ### Answer: Since you mentioned that it is your close relative, he has never done enything dodgy and is wise with his money, then I wo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I reduce my risk when investing? ### Answer: Investment Risks? Who isn’t afraid of investing in financial assets due to the element of “risk” in it? You must have surely heard about Benjamin G...
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: Over time, fees are a killer. The $65k is a lot of money, of course, but I'd like to know the fees involved. Are you d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is this mortgage advice good, or is it hooey? ### Answer: Sounds like baloney to me. HELOCs are variable rate, so you are paying down the principal of a fixed rate loan with a variable rate loan. If y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are RSUs ever taxed as long term capital gains? ### Answer: I don't know the legal framework for RSUs, so I'm not sure what is mandatory and what is chosen by the company issuing them. I recently revi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I get cash from credit card at 0% for 8 months and put it on loans? ### Answer: Do you know how many people end up with an 18-21% rate on their credit card? They started off with low teaser ra...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to rescue my money from negative interest? ### Answer: In Switzerland you should have access to many brokers with fair rates, e.g. Interactive Brokers. Going through them you then put the money in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I Pay Off my Student Loan Debts First or Invest in an Index Fund? ### Answer: You are on the right track with your math, but be wary of your assumptions. If you can borrow money at x% (and can ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does short selling require borrowing? ### Answer: You can't make money on the way down if it was your money that bought the shares when the market was up. When you sell short, borrowing lets you ...
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: yes. you can take out 500,000 form your paid of house. you pay back 500,000 at 3.5. percent. you do get a tax break for not own...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's a Letter of Credit? Are funds held in my bank for the amount in question? ### Answer: In a domestic setting, Letters of Credit are often used to build public works needed to support a developme...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advantages of Shareholder over Director in new Company ### Answer: I know the general principles of acting as a director in a company, and am familiar with the rights of shareholders. In the last ten ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I help my friend change his saving habits? ### Answer: Get him the book "Total Money Makeover" (http://www.amazon.com/Total-Money-Makeover-Classic-Financial/dp/1595555277/ref=sr_1_1?ie=UTF8&qi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can anyone help me figure out what my monthly take-home salary will be? ### Answer: If you are not taking any of the options in the Flexible Benefit Plan, then everything is taxable. Check about "Reti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For the first time in my life, I'm going to be making real money…what should I do with it? ### Answer: Fool's 13 steps to invest is a good starting point. Specifically, IFF all your credit cards are p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Company Payment Card ### Answer: From the other point of view (company use) it makes sense to segregate expenses incurred on the company's behalf away from an employee's personal expenses. This way i...
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: Depends on the insurance company itself, as well as the costs of treatments. Imagine an ideal scenario whe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When to start investing in the stock market? ### Answer: Investing requires capital, and the fastest way to get the capital is to develop good saving habits. Investing is an ongoing process to help yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is it that stock prices for a company seem to go up after a layoff? ### Answer: As others have pointed out, there are often many factors that are contributing to a stock's movement other than the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculating the profit earned from a leveraged futures contract ### Answer: I'm not entirely sure about some of the details in your question, since I think you meant to use $10,000 as the value of the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What drives the value of a stock? [duplicate] ### Answer: For XOM if you were lucky enough to purchase on 20 Jan 16, at 73.18/share and sold on 15 July at 94.95 you would achieve a 29% return in six m...