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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have $10,000 sitting in an account making around $1 per month interest, what are some better options? ### Answer: Based on your question, I am going to assume your criterion are: Based on these, I b...
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: Looks like you don't want to participate in the consumerist rush but feel that you just have to do that too. First of al...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to compare the value of a Masters to the cost? ### Answer: Just looking at your question I can tell it's not worth it financially, even if you didn't borrow the money to do it. At your current rat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can an IRA be taxed? ### Answer: The Motley Fool article is correct that if you earn UBTI over $1000, you will need to pay the tax, even if held in an IRA. C-corps won't generate UBTI, so you're fin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can dividends be exploited? ### Answer: No, the dividends can't be exploited like that. Dividends settlement are tied to an ex-dividend date. The ex-dividend, is the day that allows you to get a divid...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a benefit, long term, to life insurance for a youngish, debt, and dependent free person? ### Answer: If there are no dependents, there is no need for life insurance. You mention getting insu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Cash Value Life Insurance (“whole life” insurance) a good idea for my future? ### Answer: I am of the strong opinion that life insurance should be purchased as a term product and nothing more. The ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First time home buyer. How to negotiate price? ### Answer: Whether applying for a job or buying a house, Offer a more specific price like $72,500, which tells them you thought hard about the price. $7...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are Rausch Coleman houses so cheap? Is it because they don't have gas? ### Answer: Not only are they high volume but also most finish materials are very basic. For example lighting fixtures, most ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy a house or am I making silly assumptions that I can afford it? ### Answer: When I bought my own place, mortgage lenders worked on 3 x salary basis. Admittedly that was joint salary - eg ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advice for opening an IRA as a newbie ### Answer: As other people have indicated, traditional IRAs are tax deductable for a particular year. Please note, though, that traditional IRAs are tax deferred...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what age should I start or stop saving money? ### Answer: As AskAboutGadgets notes, there's no lower age limit. You current age (24) is a pretty good one; you'll have four decades or so for your m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do classes have to pay sales tax on materials used? ### Answer: In most jurisdictions, both the goods (raw materials) and the service (class) are being "sold" to the customer, who is the end user and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shorting: What if you can't find lenders? ### Answer: If you can't find anyone to lend you the shares, then you can't short. You can attempt to raise the interest rate at which you will borrow at, in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I can make a budget, but how can I get myself to consistently follow my budget? ### Answer: And remember, there's nobody but you that can do it - so the most important tool here is your determination ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would my job recruiter want me to form an LLC? ### Answer: There are a few sites out there that can give you some reasoning behind the request. LegalZoom, for instance. To quote the LZ doc in cas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people always talk about stocks that pay high dividends? ### Answer: The upvoted answers fail to note that dividends are the only benefit that investors collectively receive from the companies ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it ever logical to not deposit to a matched 401(k) account? ### Answer: The original question was aimed at early payment on a student loan at 6%. Let's look at some numbers. Note, the actual numbe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In US, is it a good idea to hire a tax consultant for doing taxes? ### Answer: Good professional tax advice is expensive. If your situation is simple, then paying someone doesn't give you more than yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are there hidden bids and offers in the US stock market for the more illiquid stocks? ### Answer: When you place a bid between the bid/ask spread, that means you are raising the bid (or lowering t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a good tool to view a stock portfolio's value as a graph? ### Answer: I have no idea if Wikivest can handle options, but I've been pretty satisfied with it as a portfolio visualization tool. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advice on replacing my savings account ### Answer: Liquid cash (emergency, rainy day fund) should be safe from a loss in value. Mutual funds don't give you this, especially stock funds. You can find...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can Robin Hood offer trading without commissions? ### Answer: All discount brokers offer a commission structure that is based on the average kind of order that their target audience will make. Dif...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: More money towards down payment versus long-term investments ### Answer: I'd put the 20% down, close on the house, live in it for a year, and save the difference. If you find your cash flow is fine, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to sell when your financial needs change, stocks or bonds? ### Answer: So I don't have any problems with your analysis or the comments associated with it. I just wanted to mention that no one is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Legal restrictions for EU-foreigners to setup bank account in Czech republic ### Answer: It depends on what exactly do you mean by "seat of residence". That term has different meanings (legally) in di...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: stock option grant being cancelled because strike price greater than FMV and replaced with a new grant at a higher strike price ### Answer: Both you and the Company were probably benefitted by this de...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a merchant charge you more in the US if you want to use a credit card? ### Answer: I'm not sure about the laws in specific states. However it's part of their merchant agreement that they can not c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investments other than CDs? ### Answer: You're losing money. And a lot of it. Consider this: the inflation is 2-4% a year (officially, depending on your spending pattern your own rate might be quite h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to park money low-risk on interactivebrokers account? ### Answer: I would refrain from commenting on market timing strategy, but please don't park extra AUD cash in IB. Park cash in your local ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Invest in low cost small cap index funds when saving towards retirement? ### Answer: I think you're on the right track with that strategy. If you want to learn more about this strategy, I'd recommend ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do you pay taxes on stock gains that are just returning to their original purchase price? ### Answer: The tax is only payable on the gain you make i.e the difference between the price you paid and th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does Yahoo miss some mutual fund dividends/capital gains? ### Answer: This looks more like an aggregation problem. The Dividends and Capital Gains are on quite a few occassions not on same day and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the stock market, why is the “open” price value never the same as previous day's “close”? ### Answer: The simple answer: The opening price is the price of the first trade of the day and the closing...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to rescue my money from negative interest? ### Answer: This does not really fit your liquidity requirement but consider buying a one or two room apartment to rent out with part of your savings. Yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Td Ameritrade Roth IRA question ### Answer: Since you're 20-30 years out of retirement, you should be 90% to 100% in stocks, and in one or two broad stock market funds likely. I'm not sure about the m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Value investing ### Answer: The Investment Entertainment Pricing Theory (INEPT) has this bit to note: The returns of small growth stocks are ridiculously low—just 2.18 percent per year since 1927 (v...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with the 50k I have sitting in a European bank? ### Answer: As always with investments, it depends on your risk adversity. I don't want to repeat the content of hundreds of recommenda...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can PE ratio of stocks be compared to other investments? ### Answer: In the long run (how long?) a shares price always reverts to being its proportional amount of the company's residual equity plus th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to find site with earnings calendar? ### Answer: Google finance will allow you to import earnings report dates directly to your Google calendar. See screenshot with calendar import button circle...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate average drawdown of a trading system? ### Answer: First of all, I think I'll clear off some confusion in the topic. The Sterling Ratio is a very simple investment portfolio measuremen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Extended family investment or pay debt and save ### Answer: It's a matter of opinion. As a general rule, my advice is to take charge of your own investments. Sending money to someone else to have them...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are in-kind donations from my S-Corp tax-deductible in any way? ### Answer: The relevant IRS publication is 526, Charitable Contributions. The section titled "Contributions you cannot deduct" begins o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: May 6, 2010 stock market decline/plunge: Why did it drop 9% in a few minutes? ### Answer: No one is quite sure what happened (yet). Speculation includes: The interesting thing is that Procter & Gambl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Canadian Citizen and Non Resident for tax purposes ### Answer: However, you might have to pay taxes on capital gains if these stocks were acquired during your prior residency. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to park money while saving for a car ### Answer: Bond aren't necessarily any safer than the stock market. Ultimately, there is no such thing as a low risk mutual fund. You want something that w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Upward Spike in US Treasuries despite S&P Downgrade in August 2011 ### Answer: The only resources or references you need are a chart showing you what happened in those months. The exuberance for US tr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is investing into real estate a good move for a risk-averse person at the moment ### Answer: It's always a good move for risk-averse person, expecially in Europe. Because houses are not represented by...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: “Infinite Banking” or “Be Your Own Bank” via Whole Life Insurance…where to start? ### Answer: Can't tell you where to go for a good policy, but I can tell you that most brokers make a hefty commission...
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: Credit card companies organize types of businesses into different categories. (They charge differen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I decide whether to buy more shares of a stock when its price drops? ### Answer: A key principle of economics is: Sunk costs are irrelevant. You bought the stock at 147 and it has now falle...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How accurate is Implied Volatility in predicting future moves? ### Answer: How accurate is Implied Volatility in predicting future moves? How would you measure this? If the implied volatility says th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the incentive for a bank to refinance a mortgage at a lower rate? ### Answer: What are you missing? Volume. Bank of America is more than willing to refinance a loan from Wells Fargo as long as...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is property investment good if properties de-valuate over time? ### Answer: Real estate is not a good investment. In fact, it's easy to make a case for it being the worst possible investment imag...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do requirements after a margin call vary? ### Answer: Initial Margins and Maintenance margins can be used for both stocks as well as futures. It depends on which broker you use and what services t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a tax deduction for renting office space in service of employer? ### Answer: If you are a telecommuter and in good terms with your employer, then all you need is contact your employer and exp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the IRS reprieve those who have to commute for work? ### Answer: You cannot deduct expenses directly. However, your employer may participate in programs to allow you to make a pretax deduction c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a Canadian establish US credit score ### Answer: 1) The easy way is to find a job and they will assign you an SSN. 2) Here's the hard way. If you're Canadian, open a TD Boarderless account i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can the purchaser of a stock call option cancel the contract? ### Answer: I'm adding to @Dilip's basic answer, to cover the additional points in your question. I'll assume you are referring to public...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does Charles Schwab have a Mandatory Settlement Period after selling stocks? ### Answer: Simple Schwaab does not have actually your securities they have leased them out and have to borrow them bac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best way to invest in gold as a hedge against inflation without having to hold physical gold? ### Answer: GLD, IAU, and SGOL are three different ETF's that you can invest in if you want to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a term for the risk of investing in an asset with a positive but inferior return? ### Answer: Opportunity cost is the term you're looking for. I.e. (quoting from link) Definition of 'Opportun...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a bank has a transfer limit, what happens if another bank pushes/pulls more than that? ### Answer: If bank B has a transfer limit set, you bet that there is a nice reason for that. Either risk of f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Standard Deviation with Asset Prices? ### Answer: Almost every online datasources provide historical prices on given company / index's performance; from this, you can easily calculate "standard deviat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: US tax returns for a resident - No US income and indian shares ### Answer: I'm assuming that by saying "I'm a US resident now" you're referring to the residency determination for tax purposes. Should ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good idea to get an unsecured loan to pay off a credit card that won't lower a high rate? ### Answer: I think it depends on how you're approaching paying off the credit card. If you're doing s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Work on the side for my wife's company ### Answer: Depending on how much freelance work we're talking about you could set up a limited company, with you and your wife as directors. By invoicing all yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can I see/trade VIX but not S&P/TSX 60 VIX? ### Answer: You can trade VXX, but VIX is only an index. http://www.marketwatch.com/investing/stock/VXX?CountryCode=US ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate S corporation distribution from past K-1s? ### Answer: Disclaimer: I'm not a tax professional, or an expert on S-Corps. However, I do have my own S-Corp, and my decision process for t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy a house with a friend? ### Answer: I'll chime in here with the "don't do it crowd." I think it's fraught with ugly possibilities. However, you may, for various reasons, decide to say, "to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: College student - I'm a 'dependent' and my parents won't apply for the Parent PLUS loan or cosign a private loan ### Answer: If the 6 credits per semester working part time schedule includes no loans,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Priced out of London property market. What are my accommodation investment options? ### Answer: NB - I live in Surrey and bought my house in January 2014. If you don't have a very social life, it does...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will I, as a CS student, be allowed to take loans for paying the fees of Ivy Leagues? ### Answer: This article gives the very good advice to simply contact one of the schools in question and ask how t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Confused about employee stock options: How do I afford these? ### Answer: ISOs (incentive stock options) can be closed out in a cashless transaction. Say the first round vests, 25,000 shares. The stoc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the meaning of Equal Housing Lender? Do non-banks need to display it? ### Answer: At the top result of the Google search, on the Google results page it's sumarized as applicable to every lende...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can capital expenses for volunteer purposes be deducted from income? ### Answer: To be safe you should donate the printer to the charity. Or even better, have the charity purchase it and you donate a ...
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: In your entire question, the only time you mention that this is an investment inside an IRA is when you say E...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do Americans really use checks that often? ### Answer: People who rent an apartment will typically pay by check. Probably 90% of the checks I have written are for rent. To some extent this falls under...
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: The big problem with lending money to friends and family is that if things go sour with the deal...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good asset allocation for a 25 year old? ### Answer: The standard advice is that stocks are all over the place, and bonds are stable. Not necessarily true. Magazines have to write for the lo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Selling a stock for gain to offset other stock loss ### Answer: Long term gains are taxed at 15% maximum. Losses, up to the $3K/yr you cited, can offset ordinary income, so 25% or higher, depending o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best credit card for someone with no credit history ### Answer: If you've never had a credit card before a likely reason can be due to lack of credit history. You can apply for a departmen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why invest in IRA while a low-cost index fund is much simpler? ### Answer: Lots of good answers. I'll try and improve by being more brief. For each option you will pay different taxes: Index Fund: ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any good software for value investment? ### Answer: As @littleadv and @DumbCoder point out in their comments above, Bloomberg Terminal is expensive for individual investors. If you are looking for a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Hobby vs. Business ### Answer: You can list it as other income reported on line 21 of form 1040. In TurboTax, enter at: - Federal Taxes tab (Personal in Home & Business) - Wages & Income -“I’ll choo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does it take two weeks (from ex-date) for dividends to pay out? ### Answer: So from Investopedia - Who actually declares a dividend states that the Board of Directors of a company sets the 4 key d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Understanding a Trailing Limit if Touched Order ### Answer: I don't think user4358's explanation is correct. A trailing LIT Sell Order adjusts downwards, i.e. if you place the order with an Aux price...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Property Trust - who or what is the Owner? ### Answer: The trust owns the property, the trustees control the property and the beneficiaries receive any income from rent or gains from sale of property....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much is inflation? ### Answer: Nobel laureate economist, Paul Krugman, wrote a piece many moons ago about economic expansion and money supply. As an illustration of how money supply affects the e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to buy UK Consols (perpetuities)? ### Answer: Selftrade does list them. Not sure if you'll be able to sign up from the US though, particularly given the FATCA issues. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does “Income generated in the U.S.” mean? ### Answer: It means you must pay federal (and possibly state) tax on any income you produce in America -- including Internet and mail-order sales. Tax t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would you elect to apply a refund to next year's tax bill? ### Answer: It is a bad deal. It saves the government from processing your refund as a check or an ACH deposit, and lets them keep your ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a “retail revolving account,” and does it improve my credit score? ### Answer: A retail revolving account is essentially a credit card offered by a store (or chain of stores) and usable only a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock stopped trading, what does this mean? ### Answer: You have not lost value. It is just that the shares you owned, are now not tradable on US stock exchanges. You still have the value of your shar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Question about MBS and how it pays ### Answer: A Mortgage Backed Security or MBS is the security. It's not an entity, it's essentially a contract. As an investment they function more or less the sam...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why buy insurance? ### Answer: For big values the loss becomes negligible. Say you have a 10% chance to get 10 million $/€/Whatever, expected value 1m. You sell that chance for 990k, which loses you 1...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't house prices be out of tune with salaries ### Answer: Your friends are overlooking a couple of problems with house prices and salaries being out of whack: Home 'equity' is a paper gain unles...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How big of a mortgage can I realistically afford? ### Answer: I bought a house 6 months ago for $240,000 on an $80k salary am getting by just fine and am able to save money (and I live on Long Island,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As director, can I invoice my self-owned company? ### Answer: No, as a director normally you can't. As a director of a Limited company, all those payments should be accounted for as directors' remuner...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Borrow money to invest in a business venture with equity? ### Answer: It's clearly a risk, but is it any different than investing in your own business? Yes, it is different. If you own a business, yo...