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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good size distribution for buying gold? ### Answer: You are really tangling up two questions here: Q1: Given I fear a dissolution of the Euro, is buying physical gold a good response and if ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do historically low interest rates affect real estate prices? ### Answer: The article John cites says no correlation, but this chart from the article says otherwise; One sees the rate drop from 1...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between speculating and investing? ### Answer: Investing is balancing the desire for return against the various risks that your money is faced with. There's also a recognition t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I make sure my wealth is protected from risks? ### Answer: Based on researches, here are things you should do today to preserve your assets in the future:\n1. Prioritize Tax Planning\n2. Incor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why so much noise about USA's credit rating being lowered? ### Answer: The credit scale is deceptive, it goes: AAA, AA, A, BBB, BBB-, BB+, BB, B, CCC, CC, C, D. In reality it should be A,B,C,D,E, F, G...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does an options premium really mean? ### Answer: Intuitive? I doubt it. Derivatives are not the simplest thing to understand. The price is either in the money or it isn't. (by the way, exactly '...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Looking to buy a property that's 12-14x my income. How can it be done? ### Answer: You need a cosigner. Someone prepared to repay the mortgager if you should fail to. Needless to say this is going to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do altcoin trades count as like-kind exchanges? (Deferred capital gains tax) ### Answer: Like-kind of exchanges have a list of requirements. The IRS has not issued formal guidance in the matter. I rec...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Typical discount for cash purchase on $1+ million homes? ### Answer: First, I assume you understand that 'Cash Offer' doesn't mean you really show up with cash (in a duffel bag...), but is an expressi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is an ITM option bought/sold to close in addition to being assigned? ### Answer: The option is exercised. The option is converted into shares. That is an optional condition in closing that contract, h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What corporation tax am I required to pay as an independent contractor? ### Answer: The difference between the provincial/territorial low and high corporate income tax rates is clear if you read throu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax deductions on empty property ### Answer: A real estate business could offset income from occupied property with costs from vacant property held for speculation. For speculation, you can let a bui...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Determining current value for real estate for inheritance purposes ### Answer: My question is... how is this new value determined? Does it go off of the tax appraised value? The tax assessors value...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculation, timing, and taxes related to profit distribution of an S-corp? ### Answer: It's whatever you decide. Taking money out of an S-Corp via distribution isn't a taxable event. Practically spea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better for a public company to increase its dividends, or institute a share buyback? ### Answer: I feel dividends are better for shareholders. The idea behind buy backs is that future profits ar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to explain an income discrepancy to the IRS? ### Answer: The IRS doesn't tax "increased wealth" They tax Revenue -- income. If this money or property came to you as a gift, you would owe no tax o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: To pay off a student loan, should I save up a lump sum payoff payment or pay extra each month? ### Answer: If you pay extra now you will pay less in interest over the life of the loan. Unless your sav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Free “Rich Dad” education, with “free gift”: Is it legitimate, or is it a sales ploy? ### Answer: Kiyosaki says his methods of actions are not suitable for the average investor. They are meant for tho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Started new job. Rollover previous employer 401k to new 401k, IRA or Roth IRA? ### Answer: Rolling a 401(k) to an IRA should be your default best option. Rolling a 401(k) to another 401(k) is rarely t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Earning salary from USA remotely from New Zealand? ### Answer: Can the companies from USA give job to me (I am from New Zealand)? Job as being employee - may be tricky. This depends on the labor laws ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Finding out actual items bought via credit card issuer and not the store receipt? ### Answer: The stores track the individual items for inventory planning and marketing purposes. Having worked in the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I do periodic rollovers from my low-perfoming 401k to an IRA? ### Answer: If the difference in performance is worth it, consider "borrowing" from your 401k to put into the Roth. You pay it back, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm getting gouged on prices for medical services when using my HSA plan. How to be billed fairly? ### Answer: I had an HSA for two or three years. I found very routinely that my insurance company had...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I forgot to write the name on the check ### Answer: If you forgot to put the name on the "pay to the order of" line then anybody who gets their hands on the check can add their name to the check and d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to trade fundamentally good stocks over the short to medium term? ### Answer: Your question is a bit odd in that you are mixing long-term fundamental analysis signals which are generally meant to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ballpark salary equivalent today of “healthcare benefits” in the US? ### Answer: There is some magic involved in that calculation, because what health insurance is worth to you is not necessarily the ...
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: The simple answer is that you are correct. You should not purchase a house until you are financially stable enough to do so. A house is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does “income” include capital gains? ### Answer: For example, if I have an income of $100,000 from my job and I also realize a $350,000 in long-term capital gains from a stock sale, will I pay 20%...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: U.S. stock sales- tax on sale for NR Canadian ### Answer: If you're a non resident then you owe no capital gains tax to Canada. Most banks won't let you make trades if you're a non-resident. They may...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What factors would affect the stock price of a sports team? ### Answer: Costs are almost entirely salaries Apart from all the usual costs incurred by running a large, complex, business, ManU are serv...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does historical data get adjusted for dividends, exactly? ### Answer: According to Active Equity Management by Zhou and Jain: When a stock pays dividend, the adjusted price in Yahoo makes the foll...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Currently a Microsoft Money user on PC, need a replacement suitable for Mac ### Answer: I haven't found a drop-in replacement for MS Money, but I've tried a few of the Mac desktop programs. I settled ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What effect would sovereign default of a European country have on personal debt or a mortgage? ### Answer: This is a hard question to answer. Government debt and mortgages are loosely related. Banks...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to make money off of a private company? ### Answer: Another way to do this is go to work for that company. Companies in this situation normally offer low pay, long hours, and stock opt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do grocery stores in the U.S. offer cash back so eagerly? ### Answer: It doesn't cost them anything, they don't pay commission on you taking cash-back. But it brings customers to the stores becaus...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good way to keep track of your credit card transactions, to reduce likelihood of fraud? ### Answer: One trick is to make all purchases end in a particular number of your choosing, say "3". F...
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: The point about insurance is solidarity. Think about this: In London a few hundred years ago people first sta...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying off mortgage or invest in annuity ### Answer: You can't pay your bills with equity in your house. Assuming you paid off the mortgage, where would the money come from that you plan to live off o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy a home or rent in my situation? ### Answer: I think the consensus is that you can't afford a home now and need to build more of a down payment (20% is benchmark, you may also need to pay ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which practice to keep finances after getting married: joint, or separate? ### Answer: Echoing Justkt, different approaches will work for different couples. It also depends on your background, life e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the UK what are citizens legally obliged to do (in order to not be fined) ### Answer: Edited to add an important one that I forgot, because I don't have a TV myself. You need to: That's really abou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What could cause a stock to trade below book value? ### Answer: A company's stock value is indicative of the market's collective belief of the future of the company. The relationship of between price ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What data does a seller receive when I pay by credit card? ### Answer: It depends on the seller. If the seller wants, they can collect the information from you and send it to the payment gateway. In...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is an Income Mutual Fund a good alternative to a savings account? ### Answer: The value will certainly fluctuate up and down (but on average gain more than a savings account), but so long as you have ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is this discrepency between Fidelity's and Google's stock price chart; large price spike? ### Answer: This is from Google Finance right now. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the fair value of a stock given the bid and ask prices? Is there such a relationship? ### Answer: If you need to show that the sale/purchase was at FMV, then showing that you made a trade on a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Selling mutual fund and buying equivalent ETF: Can I 1031 exchange? ### Answer: I don't believe you can do that. From the IRS: Finally, certain types of property are specifically excluded from Section...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Want to buy above market price? ### Answer: Buy and sell orders always include the price at which you buy/sell. That's how the market prices for stocks are determines. So if you want to place a buy or...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to read Google Finance data on dividends ### Answer: The dividend is for a quarter of the year, three months. 80 cents is 3.9% of $20.51. Presumably the Div/yield changes as the stock price change...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best way to short the San Francisco real estate market? ### Answer: The most obvious route is to short the lenders, preferably subprime. Since there are no lenders that operate exclusively...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is paying off your mortage a #1 personal finance priority? ### Answer: Generally, paying down your mortgage is a bad idea. Mortgages have very low interest rates and the interest is tax deductable. If...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How Technical Analysts react to non-market hours effects ### Answer: You can't. Even as a technical trader you should know what events are coming up and be prepared. You can't prepare for everything b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some valuable sources for investment experience, when there is very little to no money to start with? ### Answer: One way to start with stocks is by playing the fake stock market. Investigat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate how much house I can afford? ### Answer: There is no simple way to calculate how much house any given person can afford. In the answer keshlam gave, several handy rules of thumb are m...
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: Your question is a complex one because knowledge of the investor's beliefs about the market is required. For almost any ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I close unused credit cards before applying for another? ### Answer: You want to have 2-4 credit cards, with a credit utilization ratio below 30%. If you only have 2 cards, closing 1 would red...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's a normal personal debt / equity ratio for a highly educated person? ### Answer: The problem with having no debt at all and relying totally on your income from working is that if you lose your j...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Good book-keeping software? ### Answer: You should consider Turbocash. It's a mature open-source project, installed locally (thick client). ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: JCI headache part 1: How to calculate cost basis / tax consequences of JCI -> TYC merger? ### Answer: The $47.67 per share figure is the trading price, or fair market value, of the OLD Johnson Control...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I owe taxes in the US for my LLC formed in the US but owned by an Indian citizen? ### Answer: You're doing business in the US and derive income from the US, so I'd say that yes, you should file a n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why might it be a bad idea to invest 100% of your 401(k) into a stock index fund? ### Answer: I've read a nice rule of thumb somewhere that you should consider: You should invest (100-YOURAGE)% of you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What headaches will I have switching from Quicken to GnuCash? ### Answer: The best way to answer this question is to try. GnuCash is free, so setting it up and giving it a go shouldn't be too hard. Af...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are Forex traders forced to use leverage? ### Answer: While it's not true that you have to use leverage to participate in Forex, the alternative makes it impractical for most people to be able to do s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Foreign currency conversion for international visitors to ecommerce web site? ### Answer: You probably can get away with only updating the exchange rates once a day and specify that any prices quoted ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Financing with two mortgages: a thing of the past? ### Answer: You can't get a HELOC, to the best of my knowledge, without actually "owning" the house. If you get an 80% mortgage (of the purchase pric...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is person-person lending/borrowing protected by law? ### Answer: For person A to be protected (meaning able to recover some or all of the money should the other party try to welsh on the deal), the tw...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wash sale rule impact on different scenarios between different types of accounts ### Answer: The wash sale rule only applies when the sale in question is at a loss. So the rule does not apply at all ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Transferring money from One business checking to another business checking ### Answer: You should have separate files for each of the two businesses. The business that transfers money out should "wri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Really have to use business credit card for personal expenses ### Answer: I really have to use the business card for personal expenses, please assume that in your answer. This is very hard to believe....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I find open source portfolio management software? ### Answer: I've just recently launched an open source wealth management platform - wealthbot.io ... "Webo" is mostly targeted at RIA's to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros/cons of drawing income in retirement from sole-owner corporation vs. sole-proprietorship? ### Answer: Not really, no. The assumption you're making—withdrawals from a corporation are subject to "[...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would I buy a bond with a negative yield? ### Answer: The question in my view is going into Opinion and economics. Why would I buy a bond with a negative yield? I guess you have answered yourself;...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What prevents investors from buying high yield stocks and selling them as soon as their dividend is paid out? ### Answer: The ex-dividend date, prevents this, but people are still able to do this and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there tax liabilities (in the US) for having a US bank account while I am abroad? ### Answer: I don't think so in your case. Unless the account generates so much interest income that it became rep...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: what are the pros and cons of structured deposits? ### Answer: With reference to the UK: Structured deposits should not be confused with structured products. Structured deposits are often, quite simp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people build a stock portfolio if one could get a higher return from bank interest than dividend per annum? ### Answer: Large companies whose shares I was looking at had dividends of the order ...
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: I would not take this personal loan. Let's look closer at your options. Currently, you are paying $1100 a month in rent, and you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can PE ratio of stocks be compared to other investments? ### Answer: Yes, there are non-stock analogs to the Price/Earnings ratio. Rental properties have a Price/Rent ratio, which is analogous to stoc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: how derivatives transfer risk from one entity to another ### Answer: When you buy a call option, you transfer the risk to the owner of the asset. They are risking losing out on gains that may accumula...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Recognizing the revenue on when virtual 'credits' are purchased as opposed to used ### Answer: I'll assume United States as the country; the answer may (probably does) vary somewhat if this is not cor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to evaluate an annuity ### Answer: You can get no load annuities through some no-load financial companies like Vanguard so to start with I'd see how what she is being offered compares with somethi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should a 21 year old do with £60,000 ($91,356 USD) inheritance? ### Answer: Myself I am in a similar position. I've had a few good conversations about this with people in the financial services i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shorting stocks: Indicators that a stock will drop? ### Answer: First utilize a security screener to identify the security profiles you are looking to identify for identifying your target securities f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does stabilization work during an IPO? ### Answer: IPO's are priced so that there's a pop" on the opening day." If I were IPOing my company and the price "popped" on the open, I would think the un...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages and disadvantages of leasing out a property or part of a property (such as a basement apartment)? ### Answer: It doesn't make a lot of sense to buy a house/condo and rent it ou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a gift or not? ### Answer: The IRS definition of gift you quoted has "full consideration ... received in return". If your friend's help is not contingent upon your monetary offer (as is the case...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Effect of country default on house prices? ### Answer: It could be a a way to preserve the value of your money, but depends upon various factors. If a country defaults, and it leads to hyper-inflation...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: New company doesn't allow 401k deposits for 6 months, what to do with money I used to deposit? ### Answer: Bit hesitant to put this in an answer as I don't know if specific investment advice is approp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do my 401k/Roth accounts benefit from compounding? ### Answer: You buy a share of something for $100. It goes up by 10% over a year, and you now have $110 in value. It goes up by 10% next year and y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Exercising an option without paying for the underlying ### Answer: This is dependent on the broker according to The Options Industry Council. Your broker will specify what they would do upon expiry (...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I lookup the business associated with a FEIN? ### Answer: If the organization is a non-profit. You can search by EIN on Charity Navigator's website FOR FREE. https://www.charitynavigator.org/ ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I verify that a broker I found online is legitimate? ### Answer: How you check if a broker is legitimate: 1) Are they a registered broker dealer? Broker dealers have to be registered with FINR...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does the value of an asset (valued in two different currencies) change when the exchange rate changes? ### Answer: The value of the asset doesn't change just because of the exchange rate change. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good idea to teach children that work is linearly related to income? ### Answer: Get a copy of Capitalism for Kids - finally back in print (after being out of print for years). It's a great in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't the government simply payoff everyone's mortgage to resolve the housing crisis? ### Answer: Could it be done? Yes, it could, subject to local law. A variant of such an approach has been sugg...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good way to save money on car expenses? ### Answer: Manage the fuel consumption price: check the pattern of fuel prices if you can for your area. Some areas have weekly changes which are so...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: interest rate on online banks ### Answer: I beg to differ: Israel has an incredibly well managed central bank, and the usury market is wonderfully competitive. It's a shame Stanley Fischer has retire...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to pay bills for one month while waiting for new job? ### Answer: This is just a partial answer, but I believe the following observations are relevant: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ghana scam and direct deposit scam? ### Answer: Yes, this is a scam. Tell your dad not to pay any money. There will likely be a large deposit in his account, but if he withdraws the money from his ac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is gold not a good investment? ### Answer: If you buy a gold brick and put it in a pillow, after one year you still have one gold brick. People may value it more than before or less then before, b...