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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: “Debt Settlement Order” Text Spams – How do they work? ### Answer: There are likely to be two approaches: An autodialer of any description would be more than capable of sending an SMS or initiating a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Help: Being charged interest on a loan for which I received no statements telling me of this debt for the past 15 years. Surprise! ### Answer: This sounds like a shady trick. I would consult with a co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do companies that get taken-over have to honour the old gift card/certificate? ### Answer: It depends completely on the nature of the takeover. When a business is bought, the new owner takes on the ob...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is diversification better ### Answer: There are probably 3-4 questions here. Diversification - A good index, a low cost S&P fund or ETF can serve you very well. If you add an extended market index or...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a widely recognized bond index? ### Answer: Keep in mind that the bond market is dominated by US Treasury securities... if there were an S&P 500 for bonds, the US would take positions 1-400. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What percent of my salary should I save? ### Answer: What percent of my salary should I save? is tightly coupled with its companion, What size “nest egg” should my husband and I have, and by what age?...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying Tax on Stocks Trading ### Answer: The answer to your question doesn't depend on who you trade with but what country you live in. If you live outside of the US, you will have to pay tax on divid...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to deal with the credit card debt from family member that has passed away? ### Answer: Debts do not inherit to the children. You are absolutely not liable for your parent's debt, in any way whatso...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need a Like-Kind Exchange when selling a personal vehicle for a company car ### Answer: You cannot do a like-kind (Sec. 1031) exchange for personal property, only for business/investment property...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can gold prices vary between two places or country at the same time? ### Answer: Most of the gold prices at international markets are USD denominated. Hence the prices would be same in international m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should we prepay our private student loans, given our particular profile? ### Answer: See my recent answer to a similar question on prepaying a mortgage versus investing in IRA. The issue here is simi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros/Cons of Buying Discounted Company Stock ### Answer: Assuming US. The only con that I know of is that hassle factor. You have to remember to sell when you get the new shares, and your taxes become...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do public-company buyouts work? ### Answer: As a TL;DR version of JAGAnalyst's excellent answer: the buying company doesn't need every last share; all they need is to get 51% of the voting bloc to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to my savings if my country defaults or restructures its debt? ### Answer: Remove your money. If you do not need this money for some time, you can convert it to Gold, and now is a good t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate the number of months until a loan is paid off (given principal, APR and payment amount)? ### Answer: The formula for determining the number of payments (months) you'll need to make on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any online personal finance software without online banking? ### Answer: MoneyStrands is a site very similar to Mint, but does not force you to link bank accounts. You can create manual accou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing $50k + Real Estate ### Answer: My spouse will only be entering medical school within 2 years at the earliest, and will likely be there for about 4-5 years. If she get's into the school she w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Online Foreign Exchange Brokerages: Which ones are good & reputable for smaller trades? ### Answer: I used XE trade once several years ago. I found them quite easy to use after the slightly fiddly acc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What kind of technical analysis and indicators available for mutual fund navs ### Answer: A general mutual fund's exact holdings are not known on a day-to-day basis, and so technical tools must work w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are services provided to Google employees taxed as income or in any way? ### Answer: (Regarding one aspect of the question) Here's a survey suggesting new programmers value "free lunch", old programme...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the IRS give some help or leniency to first-time taxpayers? ### Answer: There's no such thing as "leniency" when enforcing the law. Not knowing the law, as you have probably heard, is not a valid...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with my $25k to invest as a 20 years old? ### Answer: Investing is really about learning your own comfort level. You will make money and lose money. You will make mistakes but you wi...
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: Say you're buying a 400K house. Your relative finances 120K (30%). Say I'm optimistic, but the real-estate market recovers, and your...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do companies have a fiscal year different from the calendar year? ### Answer: I know some companies or entities have large incomes or expenses at certain times of the year, and like to close their...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What home improvements are tax deductible? ### Answer: In general, for a home you live in, there's maintenance, which is just that, you pay to keep your house in good repair. There's also real improv...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What one bit of financial advice do you wish you could've given yourself five years ago? ### Answer: Do your homework on all types bonds and other lower-risk instruments, including bond funds and ETFs...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to find free Thailand stock recommendations and research? ### Answer: On what basis did you do your initial allocation of funds to each stock? If you are 're-balancing' that implies returning ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal if I'm managing my family's entire wealth? ### Answer: You can perfectly well manage their wealth without transferring their money into your account first. Just make them open their own ac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing in low cost index fund — does the timing matter? ### Answer: If you're worried about investing all at once, you can deploy your starting chunk of cash gradually by investing a bit of it each...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much is an asset producing $X/month is worth? ### Answer: The simplest way is just to compute how much money you'd have to have invested elsewhere to provide a comparable return. For example, if y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is keeping track of your money and having a budget the same thing? ### Answer: The two are closely related. A budget is a detailed plan for how to spend. Expense tracking is a tool to analyze your pre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When (if) I should consider cashing in (selling) shares to realize capital gains? ### Answer: In a perfect world of random stock returns (with a drift) there is no reason to "take profit" by exiting a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best cross-platform GPL personal finance tool available? ### Answer: I use "Money Manager Ex" which is a Windows application I use on PC to log my transactions and for simple statistic. Th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do companies only pay dividends if they are in profit? ### Answer: Yes the company can still pay dividends even if they aren't making a profit. 1) If the firm has been around, it might have made profi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does Joel Greenblatt's “Magic Formula Investing” really beat the market? ### Answer: In addition to other answers consider the following idea. That guy could have invented say one thousand formulas ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the currency exchange rate contain any additional information at all? ### Answer: Relative changes in rates are significant. Why? Exchange rates encourage cross-border trade. For example, I live...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What am I actually buying when trading in CFDs ### Answer: The product itself is a derivative as it derives its value from another stock or commodity. It's similar to a US option, which offers (in th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Website for managing personal cash inflow and outflow, applicable to India? ### Answer: I like Pocketsmith for simple cashflow forecasting. I use Moneycenter for more complex tracking. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does “taking over payments” work? ### Answer: The phrase doesn't mean anything specifically. Your SO could start paying the payments, but the title and lien would remain in your name. If you want...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy home and leverage roommates, or split rent? ### Answer: ...instead of all of us draining our money into a landlord... Instead, you are suggesting that still everyone (except you) will drain their ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is my financial plan for buying a house logically sound ### Answer: As a rental, this is not an ideal set of numbers. You manage to show a $255 'gain' but $275 is from payment to principal. So, from t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you find reasonably priced, quality, long lasting clothing? ### Answer: The idea that you should buy quality, long lasting clothes shouldn't go unchallenged. It's just not true for everybody. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros & cons of buying gold directly vs. investing in a gold ETF like GLD, IAU, SGOL? ### Answer: Owning physical gold (assuming coins): Owning gold through a fund: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it ever a good idea to close credit cards? ### Answer: Credit scoring has changed recently and the answer to this question will have slightly changed. While most points made here are true: But now ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who buys variable annuities? ### Answer: Two types of people: (1) Suckers (2) People who feel that investment advisors/brokers make too little money and want to help out by paying insane commissions. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will the stock market continue to grow forever? ### Answer: The stock market may not grow "forever". There will be growth in the stock market, though. The stock market is a positive-sum game, since it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to manage household finances (income & expenses) [duplicate] ### Answer: Obviously, there are many approaches. I’ll describe what we do and why we think it is successful. I have seen many couples ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Clarification of Inflation according to Forbes ### Answer: I think you're missing Simon Moore's point. His point is that, due to low inflation, the returns on almost all asset classes should be less t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options revisited: Gold fever ### Answer: Make a portfolio with gold and put options for gold. If the price rises again, sell a part of your gold and use it to buy new put options. If the price goes d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to unvested RSUs when a public company is bought out by private firm? ### Answer: I would ask your HR or benefits department to be certain, but here's how I read that without any specific...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between Protected-equity loan vs Equity loan? ### Answer: In simple terms : Equity Loan is money borrowed from the bank to buy assets which can be houses , shares etc Protected ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying Off Principal of Home vs. Investing In Mutual Fund ### Answer: I was going to ask, "Do you feel lucky, punk?" but then it occurred to me that the film this quote came from, Dirty Harry, starrin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment Newbie - Options in India - For $10K - for 10 years ### Answer: I would suggest you to put your money in an FD for a year, and as soon as you get paid the interest, start investing that int...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What exactly is a “bad,” “standard,” or “good” annual raise? If I am told a hard percentage and don't get it, should I look elsewhere? ### Answer: What makes a "standard" raise depends on how well the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Google market cap ### Answer: You are right: if the combined value of all outstanding GOOG shares was $495B, and the combined value of all GOOGL shares was $495B, then yes, Alphabet would have a marke...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the pros and cons of buying a house just to rent it out? ### Answer: Lets consider what would happen if you invested $1500/mo plus $10k down in a property, or did the same in a low-cost index...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I be building a house with the bank forever? ### Answer: Another problem with this plan (assuming you get past Rocky's answer somehow) is that you assume that $50K in construction costs will trans...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I determine which stores are regarded as supermarkets for a rewards credit card? ### Answer: Contact AmEx. They are the only ones who might have a current list. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When transferring money between two parties, under what circumstances is it considered taxable income? ### Answer: A loan is not a taxable income. Neither is a gift. Loans are repaid with interest. Th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it ever a good idea to close credit cards? ### Answer: Yes, it can be a good idea to close unused credit cards. I am going to give some reasons why it can be a good idea to close unused accounts, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will I be liable for taxes if I work for my co. in India for 3 months while I am with my husband in UK ### Answer: The key factors here are You will need to pay tax in the UK only if you live more th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what point do index funds become unreliable? ### Answer: A great deal of analysis on this question relies on misunderstandings of the market or noticing trends that happened at the same time but we...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm only spending roughly half of what I earn; should I spend more? ### Answer: Keep saving or investing, but set aside a relatively modest amount for "fun money". That way, you can go have a good tim...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it advisable to go for an auto loan if I can make the full payment for a new car? ### Answer: Full payment is always better than auto-loan if you are prudent with finances. I.E if you take a loan, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First 401K portfolio with high expense ratios - which funds to pick? (24yo) ### Answer: Yours two funds are redundant. Both are designed to have a mix of bonds and stocks and allow you to put all you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using P/E Ratio of an ETF to decide on asset mix ### Answer: P/E is a useful tool for evaluating the price of a company, but only in comparison to companies in similar industries, especially for indus...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Visitor Shopping in the US: Would I get tax refund? Would I have to pay anything upon departure? ### Answer: Yes, you get a refund but only in a couple of states. If you are visiting Louisiana (e.g. N...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I am the sole owner of an LLC. Does it make a difference if I file as an S-Corp or a sole-member LLC? ### Answer: I'm assuming that when you say "convert to S-Corp tax treatment" you're not talking ab...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What percentage of my portfolio should be in individual stocks? ### Answer: I'm in a remarkably similar situation as yourself. I keep roughly 80% of my portfolio in low-cost ETFs (16% bond, 16% commo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a small amount (e.g. $50) of stock via eToro “Social Trading Network” using a “CFD”? ### Answer: Is eToro legitimate? If you have any doubts about eToro or other CFD providers (or even Forex pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Taking partial capital loss purely for tax purposes ### Answer: Note that the rules around wash sales vary depending on where you live. For the U.S., the wash sale rules say that you cannot buy a subs...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is a home loan (mortgage) cheaper than gold loan? ### Answer: My doubt is whether Govt./Reserve Bank of India gives any explicit incentives to banks to offer cheaper home loans ? Currently NO. In ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people buy new cars they can not afford? ### Answer: There are many reasons for buying new versus used vehicles. Price is not the only factor. This is an individual decision. Although interest...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Swiss-style Monetary Policy ### Answer: I'm not sure what is traditionally meant by "Swiss-style monetary policy" but lately it has meant the same thing as US monetary policy, or Japanese monetary pol...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to find out the amount of preferred stock of Coca Cola Company? ### Answer: Coca Cola doesn't seem to have any preferred shares outstanding. From the annual report, it does say that the number of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Loan math problem ### Answer: Lachlan has $600 cash and a car worth $500. That's $1,100. The new car is priced at $21,800. Lachlan needs a loan for $20,700. However, the finance company insists that t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I made an investment with a company that contacted me, was it safe? ### Answer: Just browsed their website. Not a single name of anybody involved. Their application process isn't safe(No https usage w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What percent of my salary should I save? ### Answer: Its been years since I lived there, but I found Seattle to be pretty expensive. Housing costs seem out of line with expected salaries. Coming fro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I increase my hourly pay as a software developer? ### Answer: Most full time developer jobs in the US are paid on a salary basis rather than hourly unless you are a contractor. Also, the pay v...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should you always max out contributions to your 401k? ### Answer: My observations is that this seems like hardly enough to kill inflation. Is he right? Or are there better ways to invest? The tax de...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is an “Options Account”? ### Answer: Options are a derivative product, and in this case, derive their value from an underlying security, a traded stock. An option gives you the right, but not the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I pay into a Stocks & Shares LISA as well as a regular S&S ISA? ### Answer: Yes, this is fine: You can save up to £20,000 in one type of account or split the allowance across some or all of the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I decide whether do a masters even if I have go into debt after doing it? ### Answer: Strictly from an ROI perspective, this is likely very dependent on your field. Some masters degrees (quan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 2008-2009 Stock Market Crash — what caused the second drop? ### Answer: Ultimately no one really knows what causes the markets to rise and fall beyond supply and demand. If more people want to buy the...
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: Do your own research There are hundreds of places where people will give you all sorts of recommendations. There is a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to my stocks when broker goes bankrupt? ### Answer: +1 to YosefWeiner. Let me add: Legally, technically, or at least theoretically, when you buy stock through a broker, you own the stock,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 18 year old making $60k a year; how should I invest? Traditional or Roth IRA? ### Answer: 1) Usually, the choice between Traditional vs. Roth is whether you believe that your tax rate will be higher o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dividend Yield ### Answer: Hart's answer regarding the difference between an index and a stock aside, remember that dividend yield is a passive measure. It takes the announced dividend (which is a $/...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: question about short selling stocks ### Answer: The original owner of the shares can pledge their shares to be short, and they earn interest from lending their shares. The conditions of this arrangeme...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what point is the contents of a trust considered to be the property of the beneficiary? ### Answer: No, you will not have to pay taxes on the corpus (principal) of the trust distribution. If the t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the stock market create any sort of value? ### Answer: It's not a ponzi scheme, and it does create value. I think you are confusing "creating value" and "producing something". The stock market do...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a bond fund? ### Answer: I used the term "bond fund" to mean a mutual fund which invests in bonds. Vanguard has a list. If you live in PA, OH, MA, FL, CA, NJ, or NY there are tax free funds y...
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: IANAL, but if you're planning to sell shares in your LLC you may be disappointed in the protection granted. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a company sell debt in order to buy back shares and/or pay dividends? ### Answer: There is a substantial likelihood over the next several years that the US Dollar will experience inflation. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can OTC scams affect you? ### Answer: Am I being absurd? No. Should I be worrying? Yes. If I sell in the morning, I've only lost a couple hundred dollars, and learned a valuable lesson. Is there...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Allocating IRA money, clarification needed ### Answer: There was a time that a rule of thumb stated your stock allocation should be 100-your age. That rule suggests that you are at 65%stock/35% bond/c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to manage paying expenses when moving to a weekly pay schedule and with a pay increase? ### Answer: Its really, really good of you to admit your short comings with a desire to improve them. It ta...
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: Index funds do leech a "free ride" on the coattails of active traders. Consider what would happen if literally everyone bought index funds. For a compa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the opposite of a sunk cost? A “sunk gain”? ### Answer: The complete opposite of "sunk cost" is the term "unrealized gain"; until you sell it, then it is a "realized gain". There is also a ter...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it ok to use a check without a pre-printed check number? ### Answer: For the clearing house, only the routing number and the check amount [which gets encoded before its presented to clearing] is im...