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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do cash back credit cards give a higher rate for dining and gasoline purchases? ### Answer: Don't really know but I can guess. Firstly, everyone thinks the price of gas is too high. You drive to w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much house can a retired person afford ### Answer: Consider property taxes (school, municipal, county, etc.) summing to 10% of the property value. So each year, another .02N is removed. Assume t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to all of the options when they expire? ### Answer: Options that are not worth exercising just expire. Options that are worth exercising are typically exercised automatically as they expi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to get started with savings, paying off debt, and retirement? ### Answer: You have a small emergency fund. Good! Be open about your finances with each other. No secrets, except around gift-givin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What kind of value do retail investors look for in managed futures and fx? ### Answer: I'm not downvoting you because I can relate, in a way, to your post and I think this is a good topic to have on t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does money made by a company on selling its shares show up in Balance sheet ### Answer: First: the question is irrelevant for purchases on exchange, mostly. Majority of sales on stock exchanges is bet...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to pay for Alzheimer's care? ### Answer: See Paying for Care | Caregiver Center | Alzheimer's Association. Notable excerpts: For most individuals 65 or older, Medicare is the primary source of h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do amortization schedules work and when are they used? ### Answer: Both Credit Card and Mortgage work on same principle. The interest is calculated on the remaining balance. As the balance reduce...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Newbie question - Brokerage and selling shares ### Answer: And to answer your other questions about fees, there are a number of sites that compare brokers' fees, Google "broker fee comparison". I like...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Low Fee Income Generating Investments for a Trust ### Answer: If your primary goal is no / minimized fees, there are 3 general options, as I see it: Based on the fact that you want some risk, interes...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Effective returns on investment in housing vs other financial instruments ### Answer: Then at the end, if you decide to cash in your house, you can roll the proceeds into a fancier house to avoid pa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the price of my investment only updated once per day? ### Answer: I strongly suggest you go to www.investor.gov as it has excellent information regarding these types of questions. A mutual fund...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's an economic explanation for why greeting cards are so expensive? ### Answer: Competition, or actually lack of competition, mostly due to a demand curve that has minimal change due to price. You...
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: Just looking at the practicality: Because the total value of outstanding mortgages in the US is ab...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options strategy - When stocks go opposite of your purchase? ### Answer: Robert is right saying that options' prices are affected by implied volatility but is wrong saying that you have to look at the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should the price of fuel in Australia at this point be so high? ### Answer: (disclaimer: I don't answer specifically about Australia) As long as people don't question car usage and urban sprawl, and t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 15 year mortgage vs 30 year paid off in 15 ### Answer: Your calculations are correct if you use the same mortgage rate for both the 15 and 30 year mortgages. However, generally when you apply for a 1...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do new car loans, used car loans, and refinanced loans have different rates and terms? ### Answer: According to AutoTrader, there are many different reasons, but here are three: New cars have a b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Reason for “qualified” buyer requirements to exercise stock options/rights spun off from parent company? ### Answer: Accredited investors are required to have 1 million in assets (not including primar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do financial institutions charge so much to convert currency? ### Answer: In my experience working at a currency exchange money service business in the US: Flat fees are the "because we can" fee o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can institutional, quant, or other professional traders “prey on” (make money from) retail investors? ### Answer: I can address what it means to "pick off" all those trades... As quantycuenta & little...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to start personal finances? ### Answer: Personal finances are not intuitive for everyone, and it can be a challenge to know what to do when you haven't been taught. Congratulations on recognizing...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does market cap (or market capitalization) mean? ### Answer: Market cap is the current value of a company's equity and is defined as the current share price multiplied by the number of shares. Pl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I sell a 2nd home, or rent it out? ### Answer: If it was me, I would sell the house and use the proceeds to work on/pay off the second. You don't speak to your income, but it must be pretty d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the minimum revenue an LLC must make in Florida or NY states? ### Answer: Depends on the State. In California, for example, you pay a franchise tax of $800 every year just for having LLC, and i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a gift or not? ### Answer: There are a few things that this question prompts - ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't more people run up their credit cards and skip the country? ### Answer: Quality of life, success and happiness are three factors that are self define by each individual. Most of the time all...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Virtual currency investment ### Answer: I don't know much about paypal or bitcoin, but I can provide a little information on BTC(Paypal I thought was just a service for moving real currency). BTC has...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Technical Analysis not working ### Answer: You cannot just read one book and some articles on Technical Analysis and some indicators and expect to be an expert and everything to just start falling int...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay more into company pension, or is there a better way to save? ### Answer: In the UK you have an allowance of £40,000 per annum for tax relief into a pension. This amount includes both your...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate the price of a bond based with a yield to Maturity, term and annual interest? ### Answer: The answer to almost all questions of this type is to draw a diagram. This will show you in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I am not VAT registered. Do I need to buy from my supplier with excl VAT prices or incl VAT? ### Answer: If an item costs £10 excluding VAT, and you buy it from a VAT registered company, you will have...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I set a stop loss for long term investments? ### Answer: You should definately have a stop loss in place to manage your risk. For a time frame of 5 to 10 years I would be looking at a trailing ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a multi-family home to rent part and live in the rest ### Answer: First, you can look up the property tax of the building you are in for an exact number. Go to you town's tax office or look at ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the pitfalls of loaning money to friends or family? Is there a right way to do it? ### Answer: I recently lent some money to my sister. While I generally agree with Phillip that lending to f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would refinancing my mortgage increase my PMI, even though rates are lower? ### Answer: Is that an FHA loan you have? And you're wanting to do one of those low cost FHA re-fi's, right? The answer ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does gold's value decrease over time due to the fact that it is being continuously mined? ### Answer: There is another aspect too for the high prices of GOLD. After the current economical crisis peopl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are personal finance / money management classes taught in high school, anywhere? ### Answer: We had a "civics" class when I was a freshman in high school. This was in the Ann Arbor, MI public schools....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a gift or not? ### Answer: Part of 'consideration', I imagine, would be the obligation of either party to follow through on an agreement, not only fair market value. Look at the thought experime...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Deducting Hobby Expenses on my Federal Income Taxes? ### Answer: I suggest to start charging slightly more than needed to cover expenses. All you need is to show profit. It doesn't have to be signific...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the downsides that prevent more people from working in high-income countries, and then retiring in low-income (and cost of living) ones? ### Answer: One thing not mentioned is that in so call...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does wash sale apply if I buy stock on 2 two different dates and sell it later ### Answer: Wash sale applies. If you purchase shares within 30 days of that Feb 3 sell date, the wash sale kicks in, pre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Importance of dividend yield when evaluating a stock? ### Answer: But I wish to know why the parameter is dividend/market price rather than just 'dividend'? What 'extra' info you can uncover by lookin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does the US Estate Tax affect an Australian with investments domiciled in the US? ### Answer: I don't think the location of the funds is any of your concern. You're buying a CDI, which is: Austral...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are my parents ripping me off with this deal that doesn't allow me to build my equity in my home? ### Answer: It's a little unusual, but I don't think the financial terms are completely unreasonable o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I request to change 401k offerings from my employer, e.g. to invest in ETFs? ### Answer: See if any of the funds they offer are index funds, which will generally have MUCH lower fees and which see...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to decide if I should take my money with me or leave it invested in my home country? ### Answer: The key is whether you plan to stay in Sweden forever, or plan to move back to Brazil after complet...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does start-up equity end up paying off? ### Answer: In the real world, there are only two times you'll see that 5% become worth anything - ie, something you can exchange for cash - 1) if another c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a market maker sell (buy) at a bid or ask price? ### Answer: Market Makers are essentially just there to process the buys and sells of traders, so just like you and I buy and sell at the ask and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ways to trade the Euro debt crisis ### Answer: The way I am trading this is: I am long the USD / EUR in cash. I also hold USD / EUR futures, which are traded on the Globex exchange. I am long US equi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I charge my children interest when they borrow money? ### Answer: If they have borrowed money without paying it back, what makes you think you could get interest paid? The problem that you face...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Resources to begin trading from home? ### Answer: Since then I had gotten a job at a supermarket stocking shelves, but recently got fired because I kept zoning out at work This is not a good sign for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When filing a US 1065 as a General Partnership, do we combine our expenditures for a home office? ### Answer: Your home doesn't belong to the partnership, it belongs to you. So you can (if qualified) ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A merchant requests that checks be made out to “Cash”. Should I be suspicious? ### Answer: They're hiding income. The IRS is a likely candidate for who they are hiding it from but not the only option....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a “standard deduction” for Line 5 on Schedule A of Federal taxes? ### Answer: The $10,400 is in the question, in two pieces. His employer withheld $8000, and her employer withheld $2400. Th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Benefits/Disadvantages of using a credit card ### Answer: paying it off over time, which I know is the point of the card That may very well be the card issuer's goal, but it need not be yours. The...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Start Investing - France ### Answer: In france you have several options: A good place to starts with: 1% as of may 2015 interest is low, but's money is 100% liquid (you can withdraw antime). You got s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why buy insurance? ### Answer: One reason is that insurance gives you tranquility. Without insurance, you live with the uncertainty of not knowing if/when disaster is going to strike. Insurance allow...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's a Letter of Credit? Are funds held in my bank for the amount in question? ### Answer: A letter of credit is commonly used by importers who want to ensure that their product is shipped before pa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I pay for school to finish my degree when I can't get a student loan and have bad credit? ### Answer: Wesley gave a great answer and a follow up comment. Heed his advice. If you cannot make e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Price of a call option ### Answer: When I log in to Schwab to look at these options it tells me there's only Adjusted Options available on these terms: Adjusted Options: Multiplier: 100; Deliverable...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are stock indexed funds and how do they lower taxes? ### Answer: who computes the S&P 500? Standard and Poor's. Why are they sharing this information and Because that's what they do. This is a fi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How smart is it to really be 100% debt free? ### Answer: Around 3 months back, I paid back my last loan from my father which he gave for the car. Now I am totally debt free from 2 months. I have paid ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does this sound like a great idea regarding being a landlord and starting a real estate empire? ### Answer: BEFORE you invest in a house, make sure you account for all the returns, risks and costs, an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I find a company's earnings history for free? ### Answer: I was going to comment above, but I must have 50 reputation to comment. This is a question that vexes me, and I've given it some tho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What sort of tax treatment does a charitable micro-lending loan incur? ### Answer: When lending through Kiva you are not making a "charitable contribution" it's a loan so you cannot deduct the amount ...
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: The rental industry is seasonal. They purchase additional inventory (vehicles) for their busy seasons a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is 'consolidating' debt and why do people do it? ### Answer: The debt on Credit Cards is pretty high. Its in the range of 30-40% APR. There could also be a case very high personal loan for medica...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you declare revenues from YouTube earnings in the USA if you are a minor? ### Answer: In the USA, you probably owe Self Employment Tax. The cutoff for tax on this is 400$. You will need to file...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Announcement of rights offering (above market price) causing stock price increase [duplicate] ### Answer: This seemed very unrealistic, I mean who would do that? But to my immense surprise the market ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Have plenty of cash flow but bad credit ### Answer: Set up a meeting with the bank that handles your business checking account. Go there in person and bring your business statements: profit and loss, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does Robinhood stock broker make money? ### Answer: Yes, there is a lot they are leaving out, and I would be extremely skeptical of them because of the "reasons" they give for being able to charge...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does home equity grow with the investment put into the house? ### Answer: In short, your scenario could work in theory, but is not realistic... Generally speaking, you can borrow up to some percentage...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a high share price benefit a company when it is raising funds? ### Answer: Well, if one share cost $100 and the company needs to raise $10000, then the company will issue 100 shares for that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Need small buisness ideas with 100k $ budjet in a 3rd world country ### Answer: Firstly, I highly doubt anyone on this site will be able to provide you with accurate input on this matter regarding wha...
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: My wife and I have a different arrangement. I like to track everything down to the transaction level. She doesn...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As an investor or speculator, how might one respond to QE3 taper? ### Answer: Any answer for what to do in a taper will assume ceteris paribus because how markets initially react when they suspect a t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sell or keep rental Property? ### Answer: And he has to pay for it every home repair and every month the property sets empty. His loss each month is not $250, but probably closer to $500. In general...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the smartest thing to do in case of a stock market crash ### Answer: Remind yourself that markets recover, usually within a few years. If you believe this and can remind yourself of this, you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Connection between gambling and trading on stock/options/Forex markets ### Answer: There are moral distinctions that can be drawn between gambling and investing in stocks. First and I think most impor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what interest rate should debt be used as a tool? ### Answer: This post has a great discussion on the topic. Basically, there is no single interest rate above which you should pay off and below whi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Option Trading / Demo Account ### Answer: In real life, you'd see spreads like AMZN 04/13/2017 910.00 C 4.90 +1.67 Bid: 4.75 Ask: 5.20 (with AMZN @ $897 right now) and the fill you'd get on the buy si...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate my real earnings from hourly temp-to-hire moving to salaried employee? ### Answer: I would not assume they would pay for any benefits. You will be responsible for paying entirely for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What ways are there for us to earn a little extra side money? ### Answer: Your problem is one that has challenged many people. As you said there are two aspects to balancing a budget, reducing expens...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mutual Fund with Dividends ### Answer: Generally value funds (particularly large value funds) will be the ones to pay dividends. You don't specifically need a High Dividend Yield fund in order to get ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I explain why debt on debt is bad to my brother? ### Answer: Talk about opportunity cost. Show a rope, and put a tag with him on the end of it. Explain that since he has max out his credit, he...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why doesn't change in accounts receivable on balance sheet match cash flow statement? ### Answer: It is difficult to reconcile historical balance sheets with historical cash flow statements because th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is This Money Laundering? ### Answer: No, this is misbehavior of sales software that tries to automatically find the price point which maximizes profit. There have been much worse examples. Ignore it....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is insurance worth it if you can afford to replace the item? If not, when is it? ### Answer: The answer to this question is very different depending on the type of item. From a purely financial persp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does gold have value? ### Answer: Gold can be thought of to have value in one of two ways; (1) as a means and (2) as an end. Means takes the shape of currency. In this form, we value gold in the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a Canadian get exposure to safe haven currencies? ### Answer: If S&P crashes, these currencies will appreciate. Note that the above is speculation, not fact. There is definitely no guarantee t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I legally and efficiently help my girlfriend build equity by helping with a mortgage? ### Answer: I'm looking for something simple, legal, reasonably formal, easy to setup and tax efficient. Y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with the change in my change-jar? ### Answer: I don't like paying the percentage on the supermarket coin counters, and don't feel like buying a coin counter so I have my own solution....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there software to buy and sell stocks in real time on very small moves in price? ### Answer: I'm answering in a perspective of an End-User within the United Kingdom. Most stockbrokers won't provide...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are market orders safe? ### Answer: Market orders can be reasonably safe when dealing with stocks that are rather liquid and have quite low volatility. But it's important to note that you're trading a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Currency exchange problem ### Answer: For the purposes of report generation, I would recommend that you present the data in the currency of the user's home country. You could present another indicator...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does this sound like a great idea regarding being a landlord and starting a real estate empire? ### Answer: A lot of people do this. For example, in my area nice townhouses go for about $400K, so if y...
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: These cars are generally considered out of date and are less prone to be victims of car theft while being reasonably safe. Make sure you p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to sell a stock in a crashing market? ### Answer: Assuming you are referring to macro corrections and crashes (as opposed to technical crashes like the "flash crash") -- It is certainly possible t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: person on loan with cosigner ### Answer: This will probably require asking the SO to sign a quitclaim and/or to "sell" him her share of the vehicle's ownership and getting it re-titled in his own name...