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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any problem if I continuously spend my credit card more than normal people? ### Answer: How will going from 75% Credit Utilization to 0% Credit Utilization affect my credit score? might answer your qu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I choose between buying a car or buying a plot of land in Pakistan? ### Answer: Your question has an interesting mix of issues. ASAP and 3-4 years doesn't feel like the same thing. ASAP results...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Did I get screwed in taxes on a mutual fund dividend payment? ### Answer: No, not screwed. This is just an artifact of the tax code and year end dividends. You paid a tax, and in return, got a higher...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stocks that only have 1 really high peak ### Answer: Investing is not the same as illegal drugs. One does not start with pot and progress to things like heroin in order to get a better high. Penny s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do with $50,000? ### Answer: Before anything else, pay down any debt at higher interest rates. Best guaranteed return on investment you can get. What do you plan to use the money for, when, wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate money needed for bills, by day ### Answer: Trying to figure out how much money you have available each day sounds like you're making this more complicated than it needs to be. Unless ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Recommendation on Options Back Testing tool please ### Answer: Power Options is one such example of what you seek, not cheap, but one good trade will recover a year's fee. There's a lot you can do wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Questrade - What happens if I buy U.S. stock with Canadian money? ### Answer: The reason it's not automatic is that Questrade doesn't want to force you to convert in margin accounts at the time of buy...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate cost basis for stock bought before a company spinoff? (USA) ### Answer: Your brokerage account statement should report the Questar cost basis adjusted for the spinoff (and would have ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why REIT prices are not going down while bonds are being hammered? ### Answer: I don't like REITs because they are more closely correlated to the movement of the stock market. They don't really do the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the usual terms of a “rent with an option to buy” situation? ### Answer: Things I would specifically draw your attention to: the contract typically allows for an "option" to purchase; it does...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying an ETF vs. The explicit Index ### Answer: what reason would I have in buying an ETF? Apart from the efforts, the real reason is the ticket size. One can't buy shares in fraction. To truly refle...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does the wash sale rule work in this situation? ### Answer: The way the wash sale works is your loss is added to your cost basis of the buy. So suppose your original cost basis is $10,000. You t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Personal finance management: precise or approximately? ### Answer: Here is what we do. We use YNAB to do our budgeting and track our expenses. Anything that gets paid electronically is tracked to th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a home without a Real Estate Agent - Who should I get to do the paperwork? ### Answer: Generally, the paperwork realtors use is pre-written and pre-approved by the relevant State and real-estat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Asset management after leaving the USA ### Answer: Yes to all three. However, ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between equity and assets? ### Answer: Not to detract from the other answers at all (which are each excellent and useful in their own right), but here's my interpretation of the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to get a credit card as a minor? ### Answer: In general, minors cannot enter into legally binding contracts -- which is what credit accounts are -- so an individually held card is probably not...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it preferable to move emergency savings/retirement into offset mortgage? ### Answer: I think the key thing is flexibility - the money is not tied in with the offset mortgage. If you find a better i...
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 we're including psychological considerations, then the question becomes much more complicated: will having a higher available c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I refinance a car loan into someone else's name so it can be their car? ### Answer: I don't know of any way to "transfer" a debt to another person without their consent or the lender's consent....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best way to pay off debt? ### Answer: The key phrase in your post is that the options are "in a good position now". They may be worthless in three months or a year. If I was you I would cash in the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay for a cheap car or take out a loan? ### Answer: You may not have a good choice until you start that job. $2,000 is awfully low for a car, so it could be very risky. But you may not be able to get ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does quantitative easing 2 mean for my bank account? ### Answer: Probably means next to zero chance of having decent rates on savings accounts for the near future - who needs your money if banks ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What part of buying a house would make my net worth go down? ### Answer: One way to think of net worth is to think if you sold everything you owned, how big of a pile of money would be standing next t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does this plan make any sense for early 20s investments? ### Answer: I'm not following what's the meaning of "open a mutual fund". You don't open a mutual fund, you invest in it. There's a minimum req...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making $100,000 USD per month, no idea what to do with it ### Answer: I know your "pain". But don't worry about investing the money right now -- leave it uninvested in the short term. You have other...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How and where can I deposit money to generate future payments / income? ### Answer: Reversing your math, I am assuming you have $312K to work with. In that case, I would simply shop around your local...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the alternatives to compound interest for a Muslim? ### Answer: My understanding of Muslim finance is that you may not lend money at interest, including investing in in things that pay intere...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: One of my stocks dropped 40% in 2 days, how should I mentally approach this? ### Answer: You shouldn't be picking stocks in the first place. From New York Magazine, tweeted by Ezra Klein: New evidence...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you step up your cost basis indefinitely via the 0% capital gains rate? ### Answer: Your real question, "why is this not discussed more?" is intriguing. I think the media are doing a better job br...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: US Citizen Buying Rental Property in Canada ### Answer: You've asked a number of questions. I can answer a few. I've quoted your question before each answer. What are the ins and outs of a foreigner...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Finding a good small business CPA? ### Answer: Look for an accountant who brings not only expertise in number crunching, but consulting and business planning - a full package. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do rental car agencies sell their cars at a time when it is risky for the purchaser? ### Answer: A premium car rental agency will sell a car which is working very well and quite far from the verge of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best personal finance software for Mac for German resident ### Answer: I haven't used it in years, but look at GnuCash. From the site, one bullet point under Feature Highlights: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trading on exchanges or via brokerage companies? ### Answer: Yes when I place an order with my broker they send it out to the exchange. - For individual investors, what are some cons and pros of tradi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wardrobe: To Update or Not? How-to without breaking the bank ### Answer: The way I handle clothing purchases, is I save a little bit with each paycheck but don't commit to spending each month. I wait...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying shares in a company after you quit ### Answer: US law dictates that you cannot buy / sell shares in a company you work for except during open trading windows. I understand lockout periods w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are PINs always needed for paying with card? ### Answer: For the first part of your question; Refer to related question Why do some online stores not ask for the 3-digit code on the back of my credit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to find cheaper alternatives to a traditional home telephone line? ### Answer: Try to use VOIP service provider or web enabled conference calling services in your home phone. Now a days communicat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I sell when my stocks are growing? ### Answer: It depends on what your investment goals are. Are you investing for the short-term or the long-term? What was your reason for investing in these...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much percent of my salary should I use to invest in company stock? ### Answer: I agree with the other comments that you should not buy/hold your company stock even if given at a discount. If equit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which institutions in Canada offer true read-only guest accounts? ### Answer: Converting fideli comment to answer I don't think any Canadian bank offers this capability for online banking. However, th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Meaning of “credit” ### Answer: You're looking at the "wrong" credit. Here's the Wikipedia article about the bookkeeping (vs the Finance, that you've quoted) term. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the point of the stock market? What is it for, and why might someone want to trade or invest? ### Answer: In finance, form is function, and while a reason for a trade could be anything, but si...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What steps are required to transfer real estate into a LLC? ### Answer: especially considering it has a mortgage on it (technically a home equity loan on my primary residence). I'm not following. Do...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would cross holding make market capitalization apparently more? ### Answer: I started to work out, step by step, why this doesn't work, but the scenario is too convoluted to make that helpful. Basica...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Super-generic mutual fund type ### Answer: Since this is your emergency fund, you generally want to avoid volatility while keeping pace with inflation. You really shouldn't be looking for aggressive ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Auto Insurance: Adding another car to the existing policy (GEICO) ### Answer: They'll refund your money (though maybe with a small service charge). I'm sure they regularly deal with new car sales gon...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Money-market or cash-type ETFs for foreigners with U.S brokerage account ### Answer: Securities and ETFs are also subjected to Estate Tax. Some ways: Draft a "Transfer on Death" instruction to the br...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The best credit card for people who pay their balance off every month ### Answer: For people who are already a Costco member. The American Express TrueEarnings Business Card is a good choice. Note: If...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trading when you work for a market participant ### Answer: Ask someone in Human Resources. I seriously doubt you are the first person to ask this question for their company and they should be more tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is income tax calculated in relation to selling used items? ### Answer: If the items you sold are items you previously bought for a higher price, the money you get selling them is not income, as y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A good investment vehicle for saving for a mortgage down payment? ### Answer: When you are saving for money you need in 5 years or less the only real option is a savings account. I know the return is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have more than $250,000 in a US Bank account… mistake? ### Answer: First, what's the reason? Why do you have that much in cash at all - are you concerned about market volatility, are you planning to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much money should I lock up in my savings account? ### Answer: Edited answer, given that I didn't address the emergency fund aspect originally: None. You've said you don't feel comfortable locking...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Contributing factors to historical increase in trading volume ### Answer: Prior to 1975, commissions for trading stock on the NYSE were fixed at 1% of the amount of the trade. In 1975, the SEC made f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do there exist any wikipedia type sites for evaluating financial service providers? ### Answer: It is always a good idea if you are worried about customer service and hidden gotchas to visit http://ge...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Recommendation on Options Back Testing tool please ### Answer: Based on my experience with OpenQuant, which is a development platform for automated trading strategies (and therefore can be easily be u...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are founders of a company paid dividends? ### Answer: Depends on if the stock pays a dividend or not. Some companies in their early years may choose to not pay dividends. Your calculations are off as ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do cashier's checks work and why are they good for scams? ### Answer: Ok, few things to understand first: Secondly, think about the way a scam usually flows. A person (scammer) with an actual bank...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can this year's free extension-to-pay be filed electronically? IRS Form 1127 ### Answer: Form 1127 (updated link) should be filed in paper (with the supporting documents) to the IRS office that has ju...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Good book-keeping software? ### Answer: I like Quicken for personal use, and they have a small business edition if you don't want to move into QuickBooks. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can we compare peer-to-peer loans to savings accounts? ### Answer: Peer to peer lending isn't FDIC insured. You can lose all your investment with peer to peer lending, whereas you will not lose your ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: High expense ratio funds - are they worth it? ### Answer: In almost every circumstance high expense ratios are a bad idea. I would say every circumstance, but I don't want backlash from anyone. There ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I have to explain the source of *all* income on my taxes? ### Answer: Nah. Fill it in on the line that says "Other Income" with type of "5th Amendment". There's lots of reasons why you might want t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I may earn a lot of cash soon through self-employment on a lucrative project. How to handle the tax? ### Answer: I'm not familiar with Canadian taxes, but had your question been written about the Uni...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I received $1000 and was asked to send it back. How was this scam meant to work? ### Answer: This is almost certainly a scam or a mistake. This is not good, spendable money: it is not yours to keep. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can an unmarried couple buy a home together with only one person on the mortgage? ### Answer: There is no issue whatsoever, getting a mortgage this way as an unmarried couple. This is very similar to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would analysts recommend buying companies with negative net income? ### Answer: Companies in their earliest stages will likely not have profits but do have the potential for profits. Thus, there ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: S-Corp partnership startup. How to pay owners with minimal profit? ### Answer: If you're really interested in the long-term success of your business, and you can get by in your personal finances witho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is options implied volatility for a stock determined? ### Answer: There are a few different "kinds" of implied volatility. They are all based on the IVs obtained from the option pricing model you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros/cons of replicating a “fund of funds” with its component funds in my IRA? ### Answer: Mostly you nailed it. It's a good question, and the points you raise are excellent and comprise good analysi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Working out of India for UK company from 1 Jan 2016 on contract ### Answer: Work under UK umbrella company. By this you are thinking of creating a new legal entity in UK, then its not a very great id...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How come we can find stocks with a Price-to-Book ratio less than 1? ### Answer: A lower Price/Book Value means company is undervalued. It could also mean something horribly wrong. While it may look li...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I invest in gold without taking physical possession? ### Answer: You could buy shares of an Exchange-Traded Fund (ETF) based on the price of gold, like GLD, IAU, or SGOL. You can invest in thi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off my student loans or keep it in the bank? [duplicate] ### Answer: Basically you have 4 options: Use your cash to pay off the student loans. Put your cash in an interest-bearing savings...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Having trouble with APR calculation ### Answer: Check your calculation of A**. I was able to duplicate their calculations using excel. Make you sure have accounted for all the terms, it can be easy to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much percent of my salary should I use to invest in company stock? ### Answer: I would not hold any company stock for the company that provides your income. This is a too many eggs in one basket...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens when they run out of letters? ### Answer: NYSE started allowing four letter tickers around 2009. NASDAQ allows 4-5 letter tickers. I guess they'll keep increasing when / if needed. Com...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: (How) can I print my own checks on my printer on regular paper? ### Answer: There are certain standards that modern checks need to meet. These aren't required by law, but banks today generally insist ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Short term investing vs Leaving money alone? ### Answer: Should I invest the money I don't need immediately and only withdraw it next year when I need it for living expenses or should I simply leave i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Getting over that financial unease? Budgeting advice ### Answer: You sound like you are budgeting too much for food. Try limiting yourself to $200 a month for food and take that out in cash. When it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much lump sum investment in stocks would be needed to yield a target stable monthly income? ### Answer: I will add another point to ChrisinEdmonton's answer... I recognize that this is perhaps app...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Need to change cash to cashier's check without bank account (Just arrived to the US) ### Answer: A cashier's check costs money to get and is not connected to an account. You have cash. You should be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Diversification reduces risk, but does this base on the assumption that expected return of each asset is always in proportion to its risk? ### Answer: if I have a asset A with expected return of 100% ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When is the right time to buy a new/emerging technology? ### Answer: The short answer is that it's never the right time to buy an emerging technology. As long as the technology is emerging, you should...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal to charge interest on interest? ### Answer: Yes it most cases it is legal. Plus depending on how you look at it, the last payment of 1000 can be principal paid and interest was paid in ini...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why not just invest in the market? ### Answer: Let me start by giving you a snippet of a report that will floor you. Beat the market? Investors lag the market by so much that many call the industry a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Putting borrowed money into an SIPP ### Answer: If it were possible to take a loan out for a SIPP investment in the future .. I would suggest having an equivalent invested amount already in an ISA .. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a home with down payment from family as a “loan” ### Answer: Keep in mind that lenders will consider the terms of any loans you have when determining your ability to pay back the mortgage. They...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it smart to only invest in mid- and small-cap stock equity funds in my 401(k)? ### Answer: The benefit of the 401K and IRAs are that reallocating and re balancing are easy. They don't want you to m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the best way to manage all the 401K accounts I've accumulated from my past jobs? ### Answer: I rolled mine over from the company I was at into my own brokerage house. You can't roll them into ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Health insurance lapsed due to employer fraud. How to get medications while in transition? ### Answer: Your doctor may also have free samples available. You could call, explain your situtation and ask...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to understand a volatility based ETF like VXX ### Answer: To understand the VXX ETF, you need to understand VIX futures, to understand VIX futures you need to understand VIX, to understand VIX you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can an unmarried couple buy a home together with only one person on the mortgage? ### Answer: In this case can the title of the home still be held by both? Yes, it is possible to have additional peopl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off my car loan within the year? ### Answer: Your plan isn't bad, but it probably isn't worth the cost for the small amount of credit building it will achieve. If you do decide to continu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a US LLC owned by a non-resident alien have to pay US taxes if it operates exclusively online? ### Answer: Since as you say, an LLC is a pass-through entity, you will be making income in the U.S....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I cash out my Roth IRA to pay my mother's property tax debt, to avoid foreclosure on her home? ### Answer: @foreverBroke - Ok, here are the questions - Is mom's house paid for in full? If there...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do property taxes get deducted 100% from the Annual Tax Return or only a fraction of them? ### Answer: To bring more clarity to the issue, Viriato will be entitle to deduct property tax depending upon...