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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do shareholders participate in shorting stocks? ### Answer: For the same reason that people bet on different teams. Some think the Tigers will win, others thing the Yankees will win. They wager $5...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For how long is a draft check valid, and where do the funds sit? ### Answer: A bank check is drawn on the bank itself. You gave the bank the funds backing that check at the time you purchased it. You ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What prevents interest rates from rising? ### Answer: A lot of loans are taken out on a fixed rate basis, so the rate is part of the contract and is therefore covered by contract law. If the loan is t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In what cases can a business refuse to take cash? ### Answer: Apartment complexes have had a long history of not accepting cash for payment of rent. This eliminates the problem of robbery and strongly...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can risk-reward relationship exist, since the losses due to the risk should offset the reward? ### Answer: Risk in finance is defined as standard deviation of returns. This is a measure of size of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is my employer affected if I have expensive claims on my group health insurance? ### Answer: Many big companies self insure. They pay the insurance company to manage the claims, and to have access...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: ETF vs Mutual Fund: How to decide which to use for investing in a popular index? ### Answer: What is your time horizon? Over long horizons, you absolutely want to minimise the expense ratio – a seemin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I trade more than 4 stocks per week equally split between two brokers without “pattern day trading” problems? ### Answer: Yes, this is a way to avoid the pattern day trader regulation. The only do...
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 suppose it depends on how liquid you need, and if you're willing to put forth any risk whatsoever. The stock market can be dangerous, b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Precedent and models for 100% equity available via initial offering? ### Answer: Specifically I was wondering, how can the founder determine an appropriate valuation and distribution of shares; ie- th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is your effective tax rate if you work from home in Montreal for a company in Toronto? ### Answer: Assuming that you don't own the business, it would seem to apply. The CRA says: If you were a re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a reliable way to find, if a stock or company is heading bankruptcy? ### Answer: You can avoid companies that might go bankrupt by not buying the stock of companies with debt. Every quarter, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Differences in taxes paid for W2 employee vs. 1099 contractor working on sites like ODesk.com? ### Answer: Yes, you've summarized it well. You may be able to depreciate your computer, expense some sof...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are buyouts always for higher than the market value of a stock? ### Answer: Can a company not bargain with a dying company for example and buy a falling stock at lower than market value? Of course. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens after a counterparty defaults on a derivative trade? ### Answer: The answer is in your question: derivatives are contracts so are enforced in the same way as any other contract. If the c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which kind of investment seems feasible to have more cashflow every week or month? ### Answer: Over the long run, you can expect to do about as well as the market itself. Depending on what time period...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does the term “match the market” mean? ### Answer: From Investopedia: "Beating the market" is a difficult phrase to analyze. It can be used to refer to two different situations: 1) An investor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens when PayPal overdrafts a checking account (with an ample backup funding source available)? ### Answer: PayPal will be contacting you shortly, I'm sure. You'll see the reversal on their s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what point is it most advantageous to cease depositing into a 401k? ### Answer: A fascinating view on this. The math of a 10% deposit and projected 10% return lead to an inevitable point when the a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Getting correlation from regression slope (Completely stumped) ### Answer: Using the following equations from the book a stab at the correlation can be made. Calculating the residual volatilities fr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there online brokers in the UK which don't require margin account? ### Answer: I don't know what you are on about, as most online brokers should offer standard brokerage without margin. As trading...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Home Renovations are expensive.. Should I only pay cash for them? ### Answer: I have a different take on this. If it would only take 3 months to save up to pay for it, line up the work now. Shop with ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Most common types of financial scams an individual investor should beware of? ### Answer: Cosigning on a loan. More broadly any exchange of value between family members or friends. Despite good intent...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Definition of “secular” in the context of markets? ### Answer: According to Wikipedia: In the finance industry, something done on a secular basis is done on a long-term basis, not a temporary or ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: where to get stock price forecast ### Answer: There's only one real list that states what people think stock prices should be, and that's the stocks order book. That lists the prices at which stock ow...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When does it make financial sense to take advantage of employer's tuition reimbursement program? ### Answer: If you know that you want that advanced degree; And there is a way to have your employer pa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why the volume disparity between NUGT and DUST? ### Answer: NUGT and DUST both track GDX with triple leverage, but in opposite directions. GDX has been rising steadily throughout 2016, and certainly s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What emergencies could justify a highly liquid emergency fund? ### Answer: I suppose this could really depend on the part of the world you're in, but there are still many instances of "emergencies" th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would I qualify for a USDA loan? ### Answer: Sounds feasible. I make $45000 a year, with two car payments, credit card and student loan debt. Also, my wife doesn't work. I was approved for a $11600...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would I ever need credit card if my debit card is issued by MasterCard/Visa? ### Answer: My view is from the Netherlands, a EU country. Con: Credit cards are more risky. If someone finds your card, th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Common Stock Options Value ### Answer: Par value of common stock is essentially a historical artifact; it is a price at which the company will redeem shares directly. If common stock has any par valu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If banks offer a fixed rate lower than the variable rate, is that an indication interest rates may head down? ### Answer: This is known as an inverted yield curve. It is rare, and can be caused by a f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is retirement planning so commonly recommended? ### Answer: I like many of the answers, but here is a summary of reasons: Almost everyone will retire, and it is almost certain that government or c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax planning for Indian TDS on international payments ### Answer: I am an Israeli based citizen who represents and Indian company who sells its products in Israel. As an agent I am entitled to commiss...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How feasible would it be to retire just maxing out a Roth IRA? ### Answer: I wouldn't settle for 10%, and I certainly wouldn't settle for a Roth. I'd recommend not retiring. I'd recommend building up...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Snowball debt or pay off a large amount? ### Answer: First, make sure you have some money in a savings account that you can use instead of credit cards for making future purchases that go beyond what ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Capital gains on no-dividend stocks - a theoretical question ### Answer: You are overlooking the fact that it is not only supply & demand from investors that determines the share price: The company i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a company charge you for services never requested or received? ### Answer: Here's another example of such a practice and the problem it caused. My brother, who lived alone, was missing from work ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy tires and keep car for 12-36 months, or replace car now? ### Answer: I tend to agree with Rocky's answer. However it sounds like you want to look at this from the numbers side of things. So let'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When investing, is the risk/reward tradeoff linear? ### Answer: The relationship is not linear, and depends on a lot of factors. The term you're looking for is efficient frontier, the optimal rate of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay down on second mortage when underwater? ### Answer: You're welcome to throw in the towel and stop paying any time you want. You'll just suffer the consequences of doing so. It sounds like you're ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay off debt with RRSPs, or refinance and roll into Mortgage? ### Answer: I would personally look at consolidating your debt at a lower interest rate by refinancing your mortgage. I would leave any re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Withdraw funds with penalty or bear high management fees for 10 years? ### Answer: I think the main question is whether the 1.5% quarterly fee is so bad that it warrants losing $60,000 immediately. Su...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to ask for a raise before a spin-off / merger or after? ### Answer: Corporate restructuring makes everything a flux, so you might as well revisit some core fundamental questions. Here's h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Electric car lease or buy? ### Answer: I have coworker who reported that he leased a Nissan Leaf from 2013-2016 and was offered $4000 off the contracted purchase price at the end of the lease due to a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A University student wondering if investing in stocks is a good idea? ### Answer: There isn't really a clear way to answer this question objectively. I'd offer my opinion that yes it is a good idea. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Simple income and expense report in gnucash ### Answer: The official guide can be found here, but that can be a little in depth as well. To make good use of you need at least a little knowledge of do...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Online tool to connect to my bank account and tell me what I spend in different categories? ### Answer: I use Banktivity. It's very much not free, but it automatically downloads all my bank and credi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Friend was brainwashed by MLM-/ponzi investment scam. What can I do? ### Answer: First, there are MLM businesses that are legitimate and are not Ponzi schemes; I actually work with one (I will not nam...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I determine if my rate of return is “good” for the market I am in? ### Answer: First add the inflation, then minus your expenses for the year. If you are better than that, you have done "good"...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Individual Investor Safe Reinvest Gains Strategy? ### Answer: Your idea is a good one, but, as usual, the devil is in the details, and implementation might not be as easy as you think. The comments o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good practice to keep salary account and savings account separate? ### Answer: My wife and I do this. We have one account for income and one for expenditures (and around 7 others for dedicated...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does an index rearrange its major holdings ### Answer: S & P Index Announcements would have notes on when there are changes to the index. For example in the S & P Small-cap 600 there is a change ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: TOCOM oil in USD ### Answer: TOCOM Crude is a cash-settled blend of Oman and Dubai crude oil, both quoted in USD. The daily settlement price is mark to market, but the final settlement price is based...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to your ability to borrow money based on our joint finances? ### Answer: It might be worth talking to a mortgage broker, even if you don't actually end up doing business with them. Upfron...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Compute average price even if I do not have the prices before ### Answer: What I do have is this (sample only): Stock X: Average Price of all I purchased before = 80 Total Shares = 200 So if Stock X's...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do some people go through contortions to avoid paying taxes, yet spend money on expensive financial advice, high-interest loans, etc? ### Answer: An example, where I live. When you buy a house, th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does home equity grow with the investment put into the house? ### Answer: The bank I work with would be more inclined to expand an existing HELOC rather than write a new one. I think that would be you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are prepayment penalties for mortgages normal? ### Answer: It used to be much more common, particularly for sub-prime loans. If you do run into someone offering a loan with a prepayment penalty, you s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I open a personal bank account with an EIN instead of SSN? ### Answer: According to IRS Publication 1635, Understanding your EIN (PDF), under "What is an EIN?" on page 2: Caution: An EIN is for us...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Deductible expenses paid with credit card: In which tax year would they fall? ### Answer: According to this discussion, there was a Tax Court ruling that likened deductibility for charitable giving by...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I rollover an “individual retirement annuity” to an IRA? ### Answer: You are not allowed to take a retirement account and move it into the beneficiary's name, an inherited IRA is titled as "Deceas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Filing personal with 1099s versus business s-corp? ### Answer: Depends whom the 1099 was issued to. If it was issued to your corporation - then its your corporation's income, not yours. Why would it g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What Happens to Bank Stocks If Country Defaults ### Answer: Most national banks are required by the regulations of their host countries to hold significant reserves in the form of government debt. A d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I place my savings in to limit my exposure to the risk of European bank failures and sovereign debt defaults? ### Answer: You're talking about money in a savings account, and avoiding the ri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why invest for the long-term rather than buy and sell for quick, big gains? ### Answer: Plenty of good answers here, but probably the best answer is that The Market relies on suckers...er...investors ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much does a landlord pay in taxes? ### Answer: how much taxes would I pay on my income from the rent they would pay me? The same as on any other income. California doesn't have any special taxes f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How common is “pass-through” health insurance? ### Answer: Even though this isn't really personal finance related I still feel like there are some misconceptions here that could be addressed. I don't ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Visitor Shopping in the US: Would I get tax refund? Would I have to pay anything upon departure? ### Answer: Tax Refund: The US generally does not refund tax like other countries. For larger sales, yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Prepaying a loan: Shouldn't the interest be recalculated like a shorter loan? ### Answer: One way to think of the typical fixed rate mortgage, is that you can calculate the balance at the end of the m...
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: My basic rule I tell everyone who will listen is to always live like you're a college student - if you could make it on $20k a year,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the USA, why is the Free File software only available for people earning less than $62k? ### Answer: It is very helpful to understand that Free File is not actually "by" the US Internal Revenue Ser...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: classify investments in to different asset types ### Answer: REITs can be classified as equity, mortgage, or hybrid. A security that sells like a stock on the major exchanges and invests in real estat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Efficient markets hypothesis and performance of IPO shares after lock-up period ### Answer: That's the way the markets work in THEORY. In actual fact, markets are subject to "real world" pressures. Th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Taxable income on full-time job + business earnings ### Answer: I'm not sure I am fully understanding the nuance of your question, but based on your answer in the comments you and your business are no...
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: If you just want to know total return, either as dollars or a percentage, just add up the total amount spent on buys and compar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Beginner dividend investor - first steps ### Answer: This has been answered countless times before: One example you may want to look at is DGRO. It is an iShares ETF that many discount brokers trade ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As an investing novice, what to do with my money? ### Answer: I'm normally not a fan of partitioning investment money into buckets but your case may be the clearest case for it I've seen in awhile. Y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible for the average person to profit on the stock market? ### Answer: Given that hedge funds and trading firms employ scores of highly intelligent analysts, programmers, and managers to g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I write off time spent learning my trade - Two-Man S-Corp ### Answer: I'm not sure what you mean by "writing off your time," but to answer your questions: Remember that, essentially, you are a sal...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have a 2008 HHR under finance it needs a new engine ### Answer: I know, this isn't a direct answer to your question about unloading a used car-- I've always donated it to charity and written off the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Questioning my Realtor ### Answer: even though they're only asking for 1/2 the money and have excellent credit that the mortgage company may not lend it to them if I'm over priced Yes. If the house's ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Formula that predicts whether one is better off investing or paying down debt ### Answer: Old question I know, but I have some thoughts to share. Your title and question say two different things. "Be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: RSU vested recently ### Answer: ML is a brokerage firm. Tell them to sell. If you can't or don't know how to do it on-line - call them and do it over the phone. Your citizenship might come in effect w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will a credit card issuer cancel an account if it never incurs interest? ### Answer: I've got a card that I've had for about 25 years now. The only time they charged me interest I showed it was their...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Fundamentals of creating a diversified portfolio based on numbers? ### Answer: Most of the “recommendations” are just total market allocations. Within domestic stocks, the performance rotates. Someti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: ETFs are a type of mutual fund, correct? ### Answer: For a non-ETF mutual fund, you can only buy shares of the mutual fund from the mutual fund itself (at a price that the mutual fund will reveal only...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can LLC legally lend money to a friend? ### Answer: Tax accountant here. The money is yours and you can do what ever you want with it. Just make sure to put it on the books as Loan Receivable and hav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How Long Can It Take For a Check I Write to Clear on My Account? ### Answer: There's nothing you can do. If he has indeed deposited the check, it would appear on your account fairly quickly - I've nev...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How risky is it to keep my emergency fund in stocks? ### Answer: I do this very thing, but with asset allocation and risk parity in mind. I disagree with the cash or bust answers above, but many of th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with $4,000 cash and High Interest Debt? ### Answer: If your credit is good, you should immediately attempt to refinance your high rate credit cards by transferring the balance to cre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does an option lose time value faster as it approaches expiry ### Answer: If you think about it, the value of an option comes from the chance that the price at the expiration date can exceed the s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros & cons of investing in gold vs. platinum? ### Answer: Platinum use is pretty heavily overweight in industrial areas; according to the linked Wikipedia article, 239 tonnes of platinum was sold in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I find an ideal single fund to invest all my money in? ### Answer: First, decide on your asset allocation; are you looking for a fund with 60% stocks/risky-stuff, or 40% or 20%? Second, look fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Funding an ira or roth ira ### Answer: No, you don't have to have the money deducted from your paycheck. The IRS doesn't get a copy of your paycheck anyway. When you file your annual tax return (form ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are some long term investors so concerned about their entry price? ### Answer: This is not hypothetical, this is an accurate story. I am a long-term investor. I have a bunch of money that I'd like...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a 'saver' maintain or increase wealth in low interest rate economy? ### Answer: Personally, I invest in mutual funds. Quite a bit in index funds, some in capital growth & international. ###en...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does a ETN that is supposed to track Crude Oil like UWTI show constant decline every year? And am I an idiot for investing in it? ### Answer: This security looks like it will require patience for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Long term drip (dividend reinvestment plan) stock ### Answer: There are ETFs and mutual funds that pay dividends. Mutual funds and ETFs are quite similar. Your advisor is correct regarding future fund...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people always talk about stocks that pay high dividends? ### Answer: If you assume the market is always 100% rational and accurate and liquid, then it doesn't matter very much if a company pays...