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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Clothing Store Credit Card Account closed but not deleted ### Answer: They close accounts to render them inoperative. They never delete accounts because they want to retain the data to inform any fut...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: US tax for a resident NRI ### Answer: Please declare everything you earn in India as well as the total amount of assets (it's called FBAR). The penalties for not declaring is jail time no matter how s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Offered a job: Should I go as consultant / independent contractor, or employee? ### Answer: I think it really depends on what work/lifestyle you are looking for. I'm sure your more than capable of goi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Vanguard Target Retirement Fund vs. Similar ETF Distribution (w/ REIT) ### Answer: Target Date Funds automatically change their diversification balance over time, rebalancing and reassigning new contr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 5/1 ARM: Lifetime cap, First Adjustment Cap, Margin, and Annual Cap? ### Answer: You quote a rate (2.75%) and then quote a margin (1.75%). The margin is usually an addition to some base rate. How is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Once stock prices are down, where to look for good stock market deals? ### Answer: Indexes are down during the summer time, and I don't think it has something to do with specific stocks. If you look a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I invest for the Short Term and protect against Inflation? ### Answer: Emergency funds, car funds etc tend to have to be accessible quickly (which tends to rule out CDs unless you have the p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing small amounts at regular intervals while minimizing fees? ### Answer: Keep it simple: mutual funds (preferably index, low fee or ETF linked funds) do make a nice start for your little prince...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the best options for high net worth individuals when it comes to wealth management? ### Answer: Here are some high-net-worth wealth management strategies that can help high-net-worth individu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What economic growth rate is required to halve U.S. unemployment? ### Answer: Two points. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I use annuities to manage my wealth? ### Answer: One of the key benefits of an annuity is that it allows the investor to save money without paying taxes on the interest until a later date. Ann...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any Tips on How to Get the Highest Returns Within 4 Months by Investing in Stocks? ### Answer: Try using technical analysis, look at the charts and look for stocks that are uptrending. The dfinition o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Selling equities for real-estate down payment ### Answer: My suggestion would be to do the math. That is the best advice you can get when considering any investment. There are other factors you haven...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should you co-sign a personal loan for a friend/family member? Why/why not? ### Answer: Never co-sign a loan for someone, especially family Taking out a loan for yourself is bad enough, but co-signin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is laminate flooring an “Improvement” or “Depreciable Property”? ### Answer: Aesthetics aside, laminate floor is attached to the floor and as such is a part of the building. So you depreciate it with ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best way to make a bet that a certain stock will go up in the medium term? ### Answer: You could try to refine your options strategy: For instance you could buy the USD 750 call option(s)...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are “trailing 12-month total returns”? ### Answer: ( t2 / t1 ) - 1 Where t2 is the value today, t1 is the value 12 months ago. Be sure to include dividend payments, if there were any, to t2. Th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is debt almost always the cause of crashes and recessions? ### Answer: The root cause can be said to always be a crisis in confidence. It may be due to a very real event. However, confidence is what...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: searching for historic exchange rate provider which meets this example data ### Answer: You will most likely not be able to avoid some form of format conversion, regardless of which data you use since...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happened when the dot com bubble burst? ### Answer: What happened was that people would start an "Internet" company without any viable business plan, and investors would pour money. Any company w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I invest my $100? ### Answer: A safe investment would be to get a 5-year CD from Ally Bank. No minimum deposit and no monthly maintenance fees. 1.74% APY at the moment. I would choose a 5-y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is selling put options an advisable strategy for a retiree to generate stable income? ### Answer: No. In good years, the income seems free. In a down year, particularly a bad one, the investor will b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a “total stock market” index fund diverse enough alone? ### Answer: Good idea to stay only with VTI if you are 30. For 50, I recommend: 65% VTI 15% VOO 10% VXUS 10% BND ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there common stock price trends related to employee option plans? ### Answer: There's an odd anomaly that often occurs with shares acquired through company plans via ESPP or option purchase. The g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would you ever turn down a raise in salary? ### Answer: Here in Germany there is a special case. I am studying (and working a little on the side) and still receiving child benefits from the state ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: IRA for work and my business ### Answer: Yes, you can have both. You'll need business income to contribute to a SEP IRA though. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stocks tend to trade at high volumes at the end of (or start) the trading day? ### Answer: Trading at the start of the day is highest because of news flows that may have come after the close of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have about 20 000 usd. How can invest them to do good in the world? ### Answer: Vanguard has a Vanguard FTSE Social Index Fund. Their web page says "Some individuals choose investments based on soc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do Americans have to file taxes, even if their only source of income is from a regular job? ### Answer: Why is the US still working with paper checks when Europe went digital about a decade ago? T...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between a bad/bounced check and insufficient funds? ### Answer: There is no difference they are both insufficient in 1 form or another.Bad slang for any check the bank won't cas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to find the 5 or 10 year returns for a mutual fund? ### Answer: Yahoo's primary business isn't providing mutual fund performance data. They aim to be convenient, but often leave something to be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there good investment options to pay off student loans? ### Answer: What you're getting at is the same as investing with leverage. Usually this comes in the form in a margin account, which an inve...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to do thorough research into a company to better understand whether to buy stock? ### Answer: So, first -- good job on making a thorough checklist of things to look into. And onto your questions -...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stock prices purely (or mostly) only based on human action? ### Answer: Stock prices are indeed proportional to supply and demand. The greater the demand for a stock, the greater the price. If the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Canceling credit cards - insurance rate increase? ### Answer: You can't ask insurers to use a particular score -- they have a state-approved underwriting model that they must follow consistently. Insu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I claim GST/HST Input Tax Credits (ITCs) on Uber, taxi, or limousine fares? ### Answer: Apparently Canadians have not been paying any tax on Uber rides, and will only begin to do so on July 1, 201...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to invest to become millionaire? ### Answer: You're ignoring inflation. Even if we assume the ECB sticks to its 2% inflation target, and your salary only rises in line with inflation, you w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the purpose of a Share owner services? ### Answer: Wells Fargo Shareowner Services main job is as a Transfer Agent and Dividend Paying Agent. They work on behalf of a company (say Acme Inc.) t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are residential investment properties owned by non-professional investors and not large corporations? ### Answer: None of the previous answers calls out an important factor to residential property...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what point should I go into credit card debt? ### Answer: Borrowing money to pay living expenses will not last long. Also, banks and credit card agencies are very expert at detecting people who try...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Standard Deviation with Asset Prices? ### Answer: You can use google docs to create a spreadsheet. In field A2, I put Google will load the prices into the sheet. At that point, I add the following int...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the rationale behind brokerages establishing tiers/levels for options trading? ### Answer: Option tiers are broker specific, according mostly to their business model and presumably within the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Optimal pricing of close to zero marginal cost content ### Answer: Software or any online service fits this category I suppose. There are two apps I pay for that are "free." Evernote and Pandora. Ev...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is an analyst's “price target” assumed to be for 12 months out? ### Answer: I wouldn't put too much stock in the guidance generically... it's more a measure of confidence in the company. When you list...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would it make sense to buy a rental property as an LLC and not in my own name? ### Answer: As far as the spam mail goes, I own a rental (in Connecticut) and live in Massachusetts, I get very little ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the best application, software or tool that can be used to track time? ### Answer: Time Tracker I'm a software engineer and have been using this tool. It is free and has a good user interface. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is day trading considered riskier than long-term trading? ### Answer: Day trading is an attempt to profit on high frequency signal changes. Long term investing profits on low frequency changes. Wh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where do expense ratios show up on my statement? ### Answer: I don't think that you'll notice a difference in the NAV in a fund with fees that are low as the Vanguard Total Stock Market Fund. Their ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a financial product that allows speculation on GDP? ### Answer: The closest thing that you are looking for would be FOREX exchanges. Currency value is affected by the relative growth of econo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is yahoo finance P/E Ratio TTM calculated? ### Answer: The correct p/e for bp.l is 5.80. Bp.l is on the London stock exchange and prices are in local currency. The share price of 493 is reported i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What caused this drop? ### Answer: I do not fully understand the transactions involved, but it appears that there was a reverse stock split (20:1) and some legal status change as well on June 29th. Th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: why do I need an emergency fund if I already have investments? ### Answer: I treat the concept of emergency funds as a series of financial buffers. One layer is that I have various credit cards with a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Bi-weekly payment option ### Answer: One point that I don't see covered in the other answers yet: How does this affect the months that have 5 weeks. Do we actually lose two weeks a year? I get paid ev...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does it make sense to buy a house in my situation? ### Answer: The $3K includes property tax, right? It looks like the mortgage alone will be about $2150 or so. If your (cal) state tax is enough to pu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Section 179 vs depreciation of laptop ### Answer: I'm not a tax expert, but I think you mean Form 4562, right? If you acquire the laptop in the year for which you're filing taxes, then it is just that...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I buy bundled insurance policies? ### Answer: You have 3 companies now that you work with. I would start there. Ask one of them to show you what would happen if you bought the other two policie...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are underlying assets supposed to be sold/bought immediately after being bought/sold in call/put option? ### Answer: No, if you are trading options to profit solely off the option and not own the unde...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Optimal Asset Allocation ### Answer: There are some good answers about the benefits of diversification, but I'm going to go into what is going on mathematically with what you are attempting. I was alw...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to report to FInCEN if I had greater than $10,000 worth of bitcoin in a foreign bitcoin exchange? ### Answer: Firstly you have to know exactly what you are asking here. What you have if you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is inflation a good or bad thing? Why do governments want some inflation? ### Answer: Inflation is an increase in the money supply. Increases in consumer prices follow from inflation. It's not the s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much money do you have to make every year before you have to pay tax? ### Answer: I'm not confident that the requirements for 2017 are up yet, but assuming they don't change much from those of 201...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Non-owner car insurance and registration ### Answer: this is a bit unusual, but not unheard of. i have known more than one car whose owner was not its driver. besides the obvious risk that the legal ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Didn't apply for credit card but got an application denied letter? ### Answer: This question has the [united kingdom] tag, so the information about USA or other law and procedures is probably only of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What causes US Treasury I bond fixed interest to increase? ### Answer: The Fed is trying to keep the money supply growing at a rate just slightly faster than the increase in the total production in th...
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: There's something very important no one else has mentioned... times when the stock market falls dramatically are often the times when y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What kind of symbol can be shorted? ### Answer: Some platforms/brokers have HTB indication for a stock symbol, meaning Hard To Borrow. That usually means you can't sell it short at the moment. ###end
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: The credit card may have advantages in at least two cases: In some instances (at least in the US), a merchant w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a trade happen “in between” the bid and ask price? ### Answer: I can think of the following situations in which one could see a trade occur between the visible best bid & offer: 1) on a public exc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I spend too much money. How can I get on the path to a frugal lifestyle? ### Answer: I would highly recommend the Dave Ramsey book "The Total Money Makeover". I read it about 5 years ago and my finan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will there always be somebody selling/buying in every stock? ### Answer: Will there be a scenario in which I want to sell, but nobody wants to buy from me and I'm stuck at the brokerage website? Simil...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate cash loss over time? ### Answer: It helps to put the numbers in terms of an asset. Say a bottle of wine costs 10 dollars, but the price rises to 20 dollars a year later. The price has...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tracking Gold and Silver (or any other commodity investment) in Quicken 2010? ### Answer: I was able to find a fairly decent index that trades very close to 1/10th the actual price of gold by the ounc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can one identify institutional accumulation of a particular stock using price and volume data? ### Answer: You can have a pretty good guess by looking at price pattern and order flow (size of the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Price/Time priority order matching - limit order starvation ### Answer: Market orders do not get priority over limit orders. Time is the only factor that matters in price/time order matching when the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any reason not to put a 35% down payment on a car? ### Answer: Makes sense so long as you can afford it while still maintaining at least six months living reserves. The sooner you own outrigh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do developed country equities have a higher return than emerging market equities, when measured in the latter currency? ### Answer: First of all, the answer to your question depends on your starting d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you depreciate assets differently between Federal, State, and Local? ### Answer: In general, you most definitely can. In some cases you must. However for each State you'll have to check whether yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When writing a covered call, what's the difference between a “net debit” and a “net credit”? ### Answer: I am not familiar with this broker, but I believe this is what is going on: When entering combi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the fastest way to retire, using passive income on real estate ### Answer: You can't calculate how many houses it will take. To do so you would have to know how much you can charge in rent com...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I claim a tax deduction for working from home as an employee? I work there 90% of the time ### Answer: The general rule is: Generally, in order to claim a business deduction for your home, you mus...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What exactly is BATS Chi-X Europe? ### Answer: Yes, it would be incorrect to refer to BATS Chi-X Europe as a market maker. Market makers make markets on BATS Chi-X Europe, which is a stock exchange. #...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dry cleaners lost $160 pants, what should I do? ### Answer: Do you have the claim ticket? I'll assume yes. Do a Google search for "Dry Cleaner Regulations for [state you live in]" and see if there is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I negotiate a lower salary to be placed in a lower tax bracket? ### Answer: No, absolutely not. Income tax rates are marginal. The tax bracket's higher tax rate only applies to extra dollars ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When an in-the-money stock option expires does the broker always execute it or does its value become worthless if the owner doesn't execute it? ### Answer: It depends on the broker, each one's rules m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dividend yield for multiple years? ### Answer: I've recently discovered that Morningstar provides 5yr avgs of a few numbers, including dividend yield, for free. For example, see the right-hand column...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the USA, does the income tax rate on my wages increase with the amount of money in my bank account? ### Answer: I know that if you make more, you pay more, but do those who have more, not make mo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why buy bonds in a no-arbitrage market? ### Answer: If by "putting money in the bank" you mean regular savings or checking, then the bond locks a rate for a period of time, whereas your savings/checki...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tracking down stocks I own ### Answer: My best answer is to simply fish out that old email account. DumbCoder makes a good point - the company whose shares you own can probably figure out what brokera...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strategy for investing large amount of cash ### Answer: What you put that money into is quite relevant. It depends on how soon you will need some, or all, of that money. It has been very useful to me...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Scam or Real: A woman from Facebook apparently needs my bank account to send money ### Answer: 100% scam. Run away. If you have already given the bank account, inform the bank and close the account. E...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As a total beginner, how do I begin to understand finance & stocks? ### Answer: How I understand it is: supply/demand affect price of stock negatively/positively, respectively. Correct. Volume is th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: TFSA over-contributions: How would the penalty apply in this scenario? ### Answer: First, if your stock is trading at $1 and you transfer the 5000 shares in-kind to your TFSA on August 2, 2011, you ar...
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: It is one thing to take the advice of some numb-skulls on a web site, it is another thing to take the advice of someone who is re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Construction loan for new house replacing existing mortgaged house? ### Answer: Presumably the existing house has some value. If you demolish the existing house, you are destroying that value. If the ...
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: Go to the police. This is fraud and is illegal. Sure, this will hurt your friend but better now then when he starts abu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does an index have a currency? ### Answer: From Wikipedia - To calculate the value of the S&P 500 Index, the sum of the adjusted market capitalization of all 500 stocks is divided by a factor, us...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Events that cause major movement in forex? ### Answer: It's impossible to determine which event will cause a major shift for a certain currency pair. However, this does not mean that it's not possible...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm 23 and was given $50k. What should I do? ### Answer: Here are some possibilities: avoid buying a car for as long as you can; if forced to own one, buy a used dependable car like a Toyota Corolla- ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why might it be advisable to keep student debt vs. paying it off quickly? ### Answer: Two different questions: Is it better to be in debt or to pay off the debt? And: Is it better to have student debt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trouble sticking to a budget when using credit cards for day to day transactions? ### Answer: Discipline. If you have to have a hard limit on your account that prevents you from spending - credit card...