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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I have no exemptions or deductions, just a simple paycheck, do I HAVE to file taxes? ### Answer: In many cases, you are required to file your taxes by law even if you won't owe. If it's anything li...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Turning 30 and making the right decision with my savings and purchasing home ### Answer: I love the idea of #1, keep that going. I don't think #2 is very realistic. Given the short time frame putting...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Owner-Financed home sale or Land Contract — how to handle the transaction and the ongoing entity? ### Answer: If you do the financing, get a large down payment and make a short loan. Do not expose yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Someone asks you to co-sign a loan. How to reject & say “no” nicely or politely? ### Answer: 'If i co-sign that makes me 100% liable if for any reason you can't or won't pay. Also this shows up on a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What factors you have do you count on to speculate effectively? ### Answer: Strategy would be my top factor. While this may be implied, I do think it helps to have an idea of what is causing the buy ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Gift card fraud: To whom to report? How to recover funds? Is the party which issued me the card liable? ### Answer: Have you checked to see if anything else went missing? Walmart says that because I w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do US mutual funds and ETFs pay taxes on dividends? ### Answer: Mutual funds don't pay taxes themselves, they distribute any dividends or capital gains to the shareholders. Thus, if you hold a mutual ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is investing in an ETF generally your best option after establishing a Roth IRA? ### Answer: It's hard to know what to tell you without knowing income, age, marital status, etc., so I'll give some gen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do share buybacks work? ### Answer: Something to note is that when a company announces a share buyback program there is usually a time frame and amount of shares that are important details as it i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can one find intraday prices for mutual funds? ### Answer: Mutual funds don't have intraday prices. They have net asset values which are calculated periodically (daily or weekly or any other per...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the next step to collect money after a judgment has been ignored? ### Answer: In general, if this is in the United States, call your local bar association. Tell them you need a lawyer to help...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does Warren Buffett say his fund performance, relatively, is likely to be better in a bear market than in a bull market? ### Answer: To understand his comments about bear-market performance it's i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How risky is it to keep my emergency fund in stocks? ### Answer: I've read the answers and respect the thought behind them. I'd like to focus on (a) the magnitude of the emergency, and (b) the saving...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the tax treatment of scrip dividends in the UK? ### Answer: I wrote about this in another answer: You can sell the scrip dividend in the market; the capital gain from this sale may fall below ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Bollinger Bands and TRENDING market ### Answer: If upper and bollinger bands either converge (both bands are getting more and more close together) or diverge (both bands are getting more and more away...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much should a new graduate with new job put towards a car? ### Answer: Regardless of your circumstances, the amount of money you should put into a car is about $6000-8000 or the amount of cash you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a “total stock market” index fund diverse enough alone? ### Answer: You're missing the concept of systemic risk, which is the risk of the entire market or an entire asset class. Diversification is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a generally accepted term for fractions of Currency Units? ### Answer: I recently bought a stock - which was priced exactly as your question ponders, to the 1/100 cent. I happened to buy 200...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What governs the shape of price history graphs? ### Answer: Let me see if I can restate your question: are speculative investments more volatile (subject to greater spikes and drops in pricing) than a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do governments borrow money instead of printing it? ### Answer: Yes - Simply put, printing money is called "monetizing the debt" and would result in some nasty inflation. It's a no-no as it quickl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate the standard deviation of stock returns? ### Answer: For implied volatility it is okey to use Black and scholes but what to do with the historical volatility which carry the effect of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Opening American credit cards while residing in the UK ### Answer: Go to the states on vacation. Get a virtual (or friend's) address. Get an ITIN from the IRS. Open a bank account. Get a secured credi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Qualified Stock Options purtchased through my Roth IRA ### Answer: No, you cannot. ISO are given to you in your capacity as an employee (that's why it is "qualified"), while your IRA is not an employe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What market conditions favor small cap stocks over medium cap stocks? ### Answer: I think to answer this question it is best for you to learn more about why people diversify through asset allocation. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: what's the best option to save money on everyday expenses? ### Answer: There is a saying in business: what gets measured gets done. Track every expense you make. Later, look over what you have learned...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stock prices of retailers not surge during the holidays? ### Answer: Excellent question for a six year old! Actually, a good question for a 20 year old! One explanation is a bit more complicat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to protect a Stock you still want to own from a downturn? ### Answer: Adding on to all the fine answers, you can consider selling a covered call. You will have to own a minimum of 100 shares. It w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do other countries have the equivalent of Australia's Negative Gearing? ### Answer: I would say similar rules apply in the US. If you have a net loss from rental property, you certainly can claim tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What evidence is there that rising interest rates causes Canadian condo prices to go down? ### Answer: If money is more expensive (costs more to borrow) then fewer people will be able to qualify to ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are people able to spend more than what they make, without going into debt? ### Answer: Bezos made very little "money." But he is very wealthy because of stock grants and options, from his previou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Identity theft? ### Answer: Assuming you live in the US, it is quite normal when you are applying for a loan that the application will ask you to confirm your identity. One of these methods is to ask ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the term for the quantity (high price minus low price) for a stock? ### Answer: Just guessing here… How about Daily Median price? StockCharts provides a similar value they call VWAP. Which st...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a car company lend me money at a very low interest rate? ### Answer: They aren't actually. It appears to be a low interest rate, but it doesn't cover their true cost of capital. It is a sale...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How did Bill Gates actually make his money? ### Answer: Bill gates is founder of microsoft along with his friend allen.in microsoft as its vast empire increasing the wealth and enormous property of bi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the theory behind Rick Van Ness's risk calculation in the video about diversification? ### Answer: The calculation and theory are explained in the other answers, but it should be pointed out t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the future of 401(k) in terms of stability and reliability? ### Answer: My guess is that the point is that yields on bonds and cash equivalents is so low that inflation will cause the inflatio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Computer vendor not honoring warranty. What's the next step? ### Answer: The issue yo have to consider is that under many state laws, you must give a merchant three opportunities to correct an issue b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do so many NFL (pro football) players have charities? ### Answer: In addition to tax-related benefits, one answer may be that it helps them avoid being inundated with requests to support other fou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the breakdown of a loan repayment into principal and interest of any importance? ### Answer: It's important because you may be able to reduce the total amount of interest paid (by paying the lo...
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: Now, if I wasn't concerned with the integrity of my already tainted soul I would have given myself ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to build a U.S. credit history as a worker on a visa? ### Answer: In the US, money talks and bullshit walks. You can skip any credit history requirement if you demonstrate your ability to pay in a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 401k with paltry match or SPY ETF? ### Answer: Answers: 1. Is this a good idea? Is it really risky? What are the pros and cons? Yes, it is a bad idea. I think, with all the talk about employer matches...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I exercise underwater ISOs, can I claim a loss? ### Answer: No, because you didn't lose anything. When you exercise ISO "at loss" you're buying stock without a discount, that's it. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to start personal finances? ### Answer: I'm assuming you're in Germany or Europe based on your question, but here's an American's perspective that should pertain you you as well: Once you have a s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much does it cost to build a subdivision of houses on a large plot of land? ### Answer: The estimated cost of $200 sqft of living space is achievable by builders who are following one the their st...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to estimate federal and state taxes likely to be due on my side income? ### Answer: Most states that have income tax base their taxes on the income reported on your federal return, with some state...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I might use a credit card convenience check. What should I consider? ### Answer: Well, you might take a minor hit to your credit score. This is snapshot of my credit utilization written for an article...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do if a state and federal refund is denied direct deposit? ### Answer: Publication 17 Your Income Tax top of page 14 If the direct deposit cannot be done, the IRS will send a check instead. Wh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can saving/investing 15% of your income starting age 25, likely make you a millionaire? ### Answer: I see a lot of answers calculcating with incomes that are much higher than yours, here is something ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I save money on a gym / fitness membership? New Year's Resolution is to get in shape - but on the cheap! ### Answer: The gym I used to use was around £35-40 a month, its quite a big whack but ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate car insurance quote ### Answer: First you should understand the basics of how insurance companies make money: In a simple scenario, assume 1,000 have car insurance. Assume that on ave...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I received $1000 and was asked to send it back. How was this scam meant to work? ### Answer: I would have asked for the intended recipient's account number and pursue sending the money there. If it's ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to start investing for an immigrant? ### Answer: For starting with zero knowledge you certainly did a great job on research as you hit on most of the important points with your question. It seems...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do investment banks evaluate a private firm going public? Is it based on the assets owned by the company? ### Answer: They're not going to look very hard at the asset value (except for actual cash...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 4 months into a 30 month car loan, need new engine, can't sell any body parts ### Answer: Without knowing the details of your financial situation, I can only offer general advice. It might be worth h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Car insurance (UK) excludes commute to and from work, will not pay on claim during non-commute ### Answer: You should start by making a written complaint to the insurance company itself. You have two ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does start-up equity end up paying off? ### Answer: The details of how you can convert your 5% equity share to cash or stocks will be detailed in writing in the legal agreement you have already si...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Benefits/Disadvantages of using a credit card ### Answer: Using the card but paying it off entirely at each billing cycle is the only "Good" way to use a credit card. If you feel like you will be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can saving/investing 15% of your income starting age 25, likely make you a millionaire? ### Answer: The really simple answer is that compound interest is compound not linear. Money invested for longe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Building financial independence ### Answer: For a young person with good income, 50k sitting in a savings account earning nothing is really bad. You're losing money because of inflation, and losing on...
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: This doesn't say the whole story (like the length of the HELOC). if you have 15 years left on a mortgage and "refinance" into a 30 year HELOC ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any good software for value investment? ### Answer: I had the same problem and was looking for a software that would give me easy access to historical financial statements of a company, preferably in ...
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: I have lived in my RC Home since 2008 and I have had ZERO PROBLEMS! We are in the process of building another RC ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can rebuilding a city/large area be considered an economic boost? ### Answer: The problem here is that the metrics that are used to track the economy are looking for things like growth and change....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which type of investments to keep inside RRSP? ### Answer: Everything else can be held inside or outside your registered account depending on your investment or tax needs ###end
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: Equity means having ownership, and I think that's a REALLY bad idea in the scenario that you d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Need something more basic than a financial advisor or planner ### Answer: You know how when people called in on the Car Talk radio show (Click and Clack, I miss those guys), and while the caller asked...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Possible replacement for Quicken ### Answer: Given your needs, GNUcash will do swimmingly. I've used it for the past 3 years and while it's a gradual learning process, it's been able to resolve most s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Car Loan upside down--refinance before selling? ### Answer: Having just gone through selling a car, I can tell you that CarMax will most likely not be the best solution. I recently sold my '09 Pontiac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do amortization schedules work and when are they used? ### Answer: An amortization schedule is often used to produce identical payments for the term (repayment period) of a loan, resulting in the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the best software tools for personal finance? ### Answer: Money Manager Ex PROS: CONS ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does an option lose time value faster as it approaches expiry ### Answer: Not cumulative volatility. It's cumulative probability density. Time value isn't linear because PDFs (probability distribu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How best to grow my small amount of money starting at a young age? [duplicate] ### Answer: I would like to add my accolades in saving $3000, it is an accomplishment that the majority of US households ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When to start investing in an index fund? Wait for a bear market, use dollar cost-averaging, or another approach? ### Answer: First: what's your risk tolerance? How long is your investment going to la...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between “good debt” vs. “bad debt”? ### Answer: In general, all forms of debt are bad, as they keep you tied to a financial institution and can be an emotional burden for many. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which kind of investment seems feasible to have more cashflow every week or month? ### Answer: Ignoring the wildly unreasonable goal, I'll answer just the Headline question asked. It's possible to cho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The best credit card for people who pay their balance off every month ### Answer: The answer for this question varies from person to person. However most cards give lousy rewards percentage-wise. Take...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the catch with biweekly mortgage payments? ### Answer: Another thing to consider is that paying extra principal (either via one of these services, or by including something extra with your norm...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Idea for getting rich using computers to track stocks ### Answer: There are many ways to trade. Rules based trading is practiced by professionals. You can indeed create a rule set to make buy and sell...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Executor of will ### Answer: The creditors will not be able to go after his father's estate (assuming the father had nothing to do with the business), but at some point, the estate will be divided up....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a bond etf drop by the amount of the dividend just like an equity etf ### Answer: Most bond ETFs have switched to monthly dividends paid on the first of each month, in an attempt to standardize a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What expenses do most people not prepare for that turn into “emergencies” but are not covered by an Emergency Fund? ### Answer: insurance premiums My annual car premium always caught me off guard unt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Starting a new job. Help me with retirement/debt planning please! ### Answer: Your initial plan (of minimizing your interest rate, and taking advantage of the 401(k) match) makes sense, except I would...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I switch to this high rate checking account for my emergency fund? ### Answer: Check out the "rewards checking" accounts listed on this thread at fatwallet finance forums. You could easily get ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Student loan payments and opportunity costs ### Answer: Ponder this. Suppose that a reputable company or government were to come out and say hey, we are going to issue some 10 year bonds at 6.4%. Anyo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a person not want to purchase a Personal Liability (Umbrella) insurance policy? ### Answer: You only need umbrella policy for large amounts of liability protection (I think they usually star...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I avoid international wire fees or currency transfer fees? ### Answer: Be aware that ATM withdrawals often generate hidden fees, which are not obviously declared. Many banks operate e.g. with ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can an unmarried couple buy a home together with only one person on the mortgage? ### Answer: I will expand on Bacon's comment. When you are married, and you acquire any kind of property, you automati...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I improve my credit score if I am not paying bills or rent? ### Answer: You can improve your credit score simply by being an authorized user on someone's credit card account. They don't even ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I even need credit cards? ### Answer: Try to buy an airline ticket, rent a hotel room, or rent a car without a credit card. Doable? Perhaps. Easy? Nope. With a debit card, you run the risk of a hot...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does 1099 work with my own company ### Answer: Can I work on 1099 from my own company instead of on W2? The reason is on W2 I can't deduct my commute, Health Insurance and some other expenses ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: $200k in an IRA, unallocated. What's the safest investment? ### Answer: Note that long term you need to plan for possible inflation, so "a little bit of return" generally wants to be at least high en...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mortgage vs. Cash for U.S. home buy now ### Answer: There are a number of reasons I'm in agreement with "A house that is worth $300,000, or $50,000 of equity in a house and $225,000 in the bank." So,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I be contributing to my 401(k), traditional or Roth? ### Answer: I'm of the opinion that it doesn't matter much unless something in your life changes in retirement. And since many retiremen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do 1099 forms take so long for brokerages to prepare and send out? ### Answer: There are probably many correct answers to this question, but for most people, the main reason is qualified dividends...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I find filings of HUD-1 statements? ### Answer: Some of the information on the HUD-1 form would have been useful to complete the income tax paperwork the next spring. It would have had numbe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: InteractiveBrokers: How to calculate overnight commissions for CFD? ### Answer: IB's overnight financing cost for US CFDs below $100,000 is the Benchmark Rate + 1.5% for long positions and the Benchma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a public company not initiate secondary stock offerings more often? ### Answer: Selling stock means selling a portion of ownership in your company. Any time you issue stock, you give up som...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Income Tax form in India for freelancing ### Answer: Since you are living in India and earning income not from salary, you must file your tax return under ITR4(Profits or Gains of Business or Professi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 100% Ownership and 30% profit to sale director ### Answer: Perhaps an example will help make it more clear. Any given year: Revenue: 200K, profit 60K You get 40K in profit, plus any salary, he gets ...