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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I buy and sell the same stock on the same day? ### Answer: Because it takes 3 business days for the actual transfer of stock to occur after you buy or sell to the next owner, your cash is tied...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would the purchase of a car for a business through the use of a business loan be considered a business expense? ### Answer: You don't say what country you live in. If it's the U.S., the IRS has very s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is this mortgage advice good, or is it hooey? ### Answer: Jack "The Mortgage Professor" Guttentag provides a thorough analysis of a similar-sounding system: In addition, I had the feeling that custome...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why diversify stocks/investments? ### Answer: Diversification is used by many to hopefully reduce the risk when bad investments are made. Diversification does not help you make more profits but instea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm upside down on my car loan and need a different car, what can I do? ### Answer: Before buying a new car, determine whether you really need one! If there's an automotive discussion, you should ask ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can two companies own stock in each other? ### Answer: Absolutely. In fact, all stock purchases of more than 5% of a company's stock must be reported to the SEC, so assuming A and B are publicly trade...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ethics and investment ### Answer: Domini offers such a fund. It might suit you, or it might include things you wish to avoid. I'm not judging your goals, but would suggest that it might be tough to f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Freelancing and getting taxes taken out up front instead of end of year? ### Answer: It seems that you think you are freelancing, and they think you are an employee. What's bad for you, the tax office...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can someone explain the Option Chain of AMD for me? ### Answer: When you buy a put option, you're buying the right to sell stock at the "strike" price. To understand why you have to pay separately for...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Incorporating, issuing stock and evaluating it ### Answer: No. Mark-to-market valuation relies on using a competitive market of public traders to determine the share price --- from free-market tradin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I spend too much money. How can I get on the path to a frugal lifestyle? ### Answer: Agree wholeheartedly with the first point - keep track! It's like losing weight, the first step is to be aware of w...
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: You should probably have a tax professional help you with that (generally advisable when doing corporation returns, even if ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Keeping our current home (second property) as a rental. Will it interfere with purchasing a third home? ### Answer: Even after the real estate crash, there are banks that lend money outside of the rul...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My university has tranfered me money by mistake, and wants me to transfer it back ### Answer: If you are convinced/sure its legit. Is doing a bank transfer to correct their mistake, actually the right...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you compare the sales of a company like Coca Cola against another company like JPMorgan Chase to figure out the best investment opportunity? ### Answer: The question isn't sales but profits. Ba...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is capturing a loss a unique opportunity? ### Answer: I agree, one should not let the tax tail wag the investing dog. The only question should be whether he'd buy the stock at today's price. If he wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the “point” (purpose) of the S&P 500? ### Answer: I hate to point to Wikipedia as an answer, but it does describe exactly what you are looking for... The S&P 500 is a free-float capitalizati...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What college degree should I pursue to learn about stock and forex markets? ### Answer: Financial Economics, although, as I understand it, not all colleges offer this major. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I put in a limit order for the same price and size as someone else, which order goes through? ### Answer: The one whose order gets to the exchange first. The exchange receives the orders and arrang...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Iraqi Dinars. Bad Investment, or Worst Investment? ### Answer: Currency, like gold and other commodities, isn't really much of an investment at all. It doesn't actually generate any return. Its value ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is stock trading based more on luck than poker playing? ### Answer: This depends strongly on what you mean by "stock trading". It isn't a single game, but a huge number of games grouped under a singl...
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: TLDR: Why can't banks give me my money? We don't have your money. Who has my money? About half a dozen dif...
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: Maybe it's just because of the foundation date. If I start a company on August 1st, I would like its FY starts on that...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Rental Property - have someone look for you ### Answer: Actually sounds like an interesting concept for a business, potentially! (grin) You know, depending on where you live and how big the market is,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with the stock from my Employee Stock Purchase Plan? ### Answer: Since you work there, you may have some home bias. You should treat that as any other stock. I sell my ESPP stocks per...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are my options for paying off the large balance of my federal, high interest student loans? ### Answer: As someone with a lot of student loan debt, I can relate - the first thing you should do is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I profit from anticipating a drop in value? ### Answer: Purchasing an option to sell the stock is probably the safest bet. This gives you reasonable leverage, and your risk is limited to the cost ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do some people say a house “not an investment”? ### Answer: You're hearing alot of talk about housing (and by implication property) not being an investment today because on the downside of a marke...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people take out life insurance on their children? Should I take out a policy on my child? ### Answer: A $10,000 life insurance policy on a child only makes sense for a family that: Thus, it cou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit card closed. Effect on credit score (USA) ### Answer: You need to find out if the credit card has been reporting these failed automated payments as late or missed payments to your credit report...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing in third world countries ### Answer: Basically, unless you are an investment professional, you should not be investing in a venture in a developing country shown to you by someone else. The ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have around 60K $. Thinking about investing in Oil, how to proceed? ### Answer: If you've decided to ignore the sound advice re: oil company stocks, and you want something directly linked to the pri...
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: I recommend a Roth IRA. At your age you could turn 25K into a million and never pay taxes on these earnings. Of course there are ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can one identify institutional accumulation of a particular stock using price and volume data? ### Answer: A couple ways, but its not a guarantee. You have to have special charts. Instead of each...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to an options contract during an all stock acquisition? ### Answer: According to this article: With an all-stock merger, the number of shares covered by a call option is changed to adjust...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I take from learning that a company's directors are buying or selling shares? ### Answer: This could be another reason. "Companies buy their own stock in the market place to reduce the numbe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debit cards as bad as credit cards? ### Answer: It's a real pain in the rear to get cash only from a bank teller (the end result of cutting the card as suggested). There is a self control issue here t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Basic Info On Construction Loans ### Answer: Construction loans have an entirely set of rules and factors than mortgages and that's hard to reconcile into one instrument. Also, I'm guessing the bank ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do dark pools have to declare the volume transacted at the end of the day? ### Answer: Members of the Federal Reserve System keep track of what money a bank has (if it's not in the vault), who owns wh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens if a company you hold short merges with another company? ### Answer: I don't have anything definitive, but in general positions in a company are not affected materially by what is called ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay off entire mortgage or put into investments ### Answer: I like this option, rather than exposing all 600k to market risk, I'd think of paying off the mortgage as a way to diversify my portfolio. E...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth having a pension? ### Answer: It all depends on whether you can manage your money or not. Many people are incapable of doing so in a responsible way. Like any service, you get what you pay...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does it make sense to talk about an ETF or index in terms of technical indicators? ### Answer: With the disclaimer that I am not a technician, I'd answer yes, it does. SPY (for clarification, an ETF t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to file tax for the sale of stocks from form 1099B? ### Answer: You can group your like-kind (same symbol, ST/LT) stock positions, just be sure that your totals match the total dollar amounts on t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What size “nest egg” should my husband and I have, and by what age? ### Answer: One more thing to consider is that $1M today is not the same as $1M 30 years from now because of inflation. Consider th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What publicly available software do professional stock traders use for stock analysis? ### Answer: If you are looking to analyze stocks and don't need the other features provided by Bloomberg and Reut...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Entering the stock market in a poor economy ### Answer: Are you kidding? The stock markets just took a nose dive this week. Perfect buying opportunity. Just be sure to dollar cost average your way in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what percentage drop should you buy to average down ### Answer: Only average down super blue chips with a long history or better still, ETFs or index type funds. I do it with income producing funds...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Nanny taxes and payroll service ### Answer: Whether to employ a payroll service to handle the taxes (and possibly the payroll itself) is a matter that depends on how savvy you are with respect to your...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a bank need to accept deposits from private clients if it can just borrow from the Federal Reserve? ### Answer: Borrowing money from the Federal Reserve (or other central banks) requires ful...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I have to repay the First-Time Homebuyers tax credit if I refinance? ### Answer: The Homebuyers Tax Credit was unrelated to whether or not a mortgage was part of the purchase. You will have no issu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate P/E ratio for S&P500 sectors ### Answer: To calculate a sector (or index) P/E ratio you need to sum the market caps of the constituent stocks and divide it by the sum of the total ear...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What gives non-dividend stocks value to purchasers? [duplicate] ### Answer: Yes, I agree with you. Saying that the value of the stock will grow as the company grows and acquires more assets ... I don'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are the AARP benefits and discounts worth the yearly membership cost? ### Answer: Note: this answer was provided when the question was only about Life Insurance, therefore it does not address any othe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to bear in mind when considering a rental home as an investment? ### Answer: What are the most important facts to keep in mind as I consider this? IMHO, the most important consideration to keep i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: eBay Account and SIM cards sent to my address ### Answer: In your mother's position, I would do two things: Get a copy of her credit report. Money Advice Service has a useful page on how to do this - ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trouble sticking to a budget when using credit cards for day to day transactions? ### Answer: First of all, I have to recognize up front that my "spending personality" is frugal. I don't recreational ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are good games to play to teach young children about saving money? ### Answer: I found this great resource at MarketWatch.com - a listing on online games that help parents teach kids about saving...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How often do typical investors really lose money? ### Answer: The earlier answers answered the question on how a more practical trader can lose money. Here I'd like to mention some obtuse ways Using ...
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 agree with everyone who has simply told you 'Dont' and 'You can't' and add a few more consid...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does investment bank risk during IPO? ### Answer: Investment banks don't have to buy anything. If they don't think the stock is worth buying - they won't. If they think it is - others on the seco...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between a check and a paycheck? ### Answer: There is little difference. A paycheck is a type of check used to pay wages. These days many people opt for direct deposit. So, th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I be doing to protect myself from identity theft? ### Answer: I've received letters notifying me of data breaches in the past. In the end, I've never signed up for the offered protection ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I deduct taxes for home office as a freelance computer software developer? ### Answer: You can do it, provided that the bedroom is ONLY set up as an office. That is, no bed, TV or other stuff. You...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best Time to buy a stock in a day ### Answer: Buy it at the close. That way you won't lose money (even if marked to market) on the day. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best way to save money from inflation and currency devaluation? ### Answer: Devaluation is a relative term, so if you want to protect yourself against devaluation of your currency against ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: List of web sites or online forums for stock picking and security analysis ### Answer: This is a great forum, mostly focused around mutual funds though: http://www.bogleheads.org/ ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What exchange rate does El Al use when converting final payment amount to shekels? ### Answer: The rate for "checks and transfers" is set by each bank multiple times during the day based on the market...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I add my income to my personal finance balance? ### Answer: Congratulations on keeping better track of your finances! Typically there will be a class of accounts labelled "Income", under which ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can mortgage insurance replace PMI? ### Answer: PMI IS Mortgage insurance. It stands for "Private Mortgage Insurance". This guy is just trying to get you to buy it from him instead of whoever you have...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to understand adding or removing “liquidity” in stock markets with market/non-market orders? ### Answer: Not all limit orders add liquidity, but all market orders remove liquidity presuming there ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Proper etiquette for loans from friends ### Answer: The standard approach is to reach an agreement and put it in writing. What you agree upon is up to you, but in the US if you want to avoid gift taxe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't the Fed lower interest rates below zero? ### Answer: Why can't the Fed simply bid more than the bond's maturity value to lower interest rates below zero? The FED could do this but then it wo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much of a down payment for a car should I save before purchasing it? ### Answer: At minimum, put down the sale price less what insurance would pay if you got in an accident when driving home, OR p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How often does a stock price change and where is this defined? ### Answer: Stocks prices are determined whenever a buyer and seller agree to trade at a given price. The company (you use AAPL as an exa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens if my order exceeds the bid or ask sizes? ### Answer: This is a great question precisely because the answer is so complicated. It means you're starting to think in detail about how orders...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: UK - How to receive payments in euros ### Answer: I am not sure about transferwise and how they work, but generally when I had to transfer money across countries, I ended up using a foreign currency/t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can one get their FICO/credit scores for free? (really free) ### Answer: Credit Sesame monitors your credit score for free. My understanding is that they make their money off of credit card refer...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For a major expensive home renovation (e.g. addition, finished basement, or new kitchen) should one pay cash or finance with a loan? Would such a loan be “good” debt? ### Answer: Good debt is very clo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Taxable income on full-time job + business earnings ### Answer: Possible alternative: In my case, the part-time locksmithing is a small enough portion of my I come that I just submit it as hobby incom...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I reserve “emergency savings” for? ### Answer: I think it is stated perfectly in the question, "unforeseen critical needs." You know you will need to buy new tires for your car, they are c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock is selling for less than book value, is the company headed for bankruptcy? ### Answer: No, but it is certainly a possibility. the efficient market hypothesis would say that this means that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is investing in housing considered an adequate hedge against inflation? ### Answer: Yes, in 2 ways: As you mention, the price of a home generally grows with inflation - along with other factors (suppl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are shares used, and what are they, physically? ### Answer: Shares used to be paper documents, but these days they are more commonly held electronically instead, although this partly depends on wh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Other than being able to borrow to invest, how is a margin trading account different from a cash account? ### Answer: Two more esoteric differences, related to the same cause... When you have an outst...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Financed medical expenses and tax deductions ### Answer: You deduct expenses when you incur them (when you pay the hospital, for example). Medical expenses are deducted on Schedule A, subject to 7.5% ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any difference between buying a few shares of expensive stock or a bunch of cheap stock ### Answer: You are correct in thinking actual number of shares do not matter, the value is the value. However...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Simplifying money management ### Answer: Track your spending and expected income -- on paper, or with a personal-finance program. If you know how much is committed, you know how much is available. Tri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal to not get a 1099-b until March 15? ### Answer: If one looks at the "Guide to Information Returns" in the Form 1099 General Instructions (the instructions that the IRS provides to companie...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock grant, taxes, and the IRS ### Answer: If you have a one-time event, you are allowed to make a single estimated payment for that quarter on Form 1040-ES. People seem to fear that if they make on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to account for personal baby sitter? ### Answer: You should check several things: How your business can deduct your child care expenses is beyond me. If your mother-in-law starts a business as a n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Further Understanding of Wash Sale Rules ### Answer: Disallowed losses due to the wash sale rule are added to the basis of the repurchased shares. In your example, on day two you paid $0.70 per share...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing in the stock market during periods of high inflation ### Answer: The answer would depend on the equities held. Some can weather inflation better than others (such as companies that have soli...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In a competitive market, why is movie theater popcorn expensive? ### Answer: A better question would be to ask "Why don't movie theaters charge to use the bathroom?", or "Why don't movie theaters char...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I calculate two standard deviations away from the stock price? ### Answer: The formula for standard deviation is fairly simple in both the discrete and continuous cases. It's mostly safe to use...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do 10 year-old luxury cars lose so much value? ### Answer: They start at a higher price and repairs are more expensive than with a standard car. From my experience, many luxury cars get too expens...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any Loop Holes for Owner Occupancy? ### Answer: There are 2 and 3 family houses that have an "owner occupied" clause for certain financing. Of course, one would rent out the extra apartments without q...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If stock price drops by the amount of dividend paid, what is the use of a dividend ### Answer: The stock will slowly gain that $1 during the year. Suppose we have the highly theoretical situation that...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can make a stock price rise without good news or results? ### Answer: It could be an endless number of reasons for it. It could simply just be a break through a long term resistance causing tech...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Economics of buy-to-let (investment) flats ### Answer: Seems like a bad deal to me. But before I get to that, a couple of points on your expenses: Onward. You value a property by calculating its CAP r...