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FinQA

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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: UK: Personal finance book for a twenty-something ### Answer: Consultant, I commend you for thinking about your financial future at such an early age. Warren Buffet, arguably the most successful invest...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Started new job. Rollover previous employer 401k to new 401k, IRA or Roth IRA? ### Answer: I agree with harmanjd – best to roll it over to an IRA. Not only does that afford you better control of your...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the reasons to get more than one credit card? ### Answer: I got a Capital One credit card because they don't charge a fee for transactions in foreign currencies. So I only use it when I trave...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What steps should I take to diversify my investments? ### Answer: Investors are warned to never put all their eggs (investments) in one basket (security or market), which is the central thesis on whic...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advice for college student: Should I hire a financial adviser or just invest in index funds? ### Answer: Though @mehassee mentioned it in a comment, I would like to emphasize the point that the financ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: “Top down” and “bottom-up approach” ### Answer: I think it's an argument for Keynesian economic policy, basically an abridged version of this paragraph from the Wikipedia article: Keynesian economists...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best resource for determining a specific age-based asset allocation? ### Answer: Look into the asset allocations of lifecycle funds offered by a company like Vanguard. This page allows you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Personal finance management: precise or approximately? ### Answer: If you are off by coins, how can you be sure that you only made a typo and didn't miss a transaction? To start off, I would strongly...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When entering a Futures contract, must the margin deposit be idle or can I profit from it? ### Answer: In theory, an FCM may accept various types of collateral, including assets such as cash, treasuri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why buy SPY when there is S&P500? ### Answer: The S&P500 is an index, not an investment by itself. The index lists a large number of stocks, and the value of the index is the price of all the stocks ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Downside to temporarily lowering interest rates? ### Answer: This is brilliant for AmEx; they make a cut off of every transaction you do, so even if you pay it off before you ever pay interest, they s...
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: Check global ATM alliance they are banks that use reciprocal benefits on each other in other countries without fees. For ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what price are dividends re-invested? ### Answer: Keep in mind the ex-dividend date is different from the payable date (the day the dividend is paid). That means the market price will already have ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are wash sale rules different for stocks and ETFs / Mutual Funds? ### Answer: No, there's nothing special in mutual funds or ETFs. Wash sale rules apply to any asset. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In Australia, how to battle credit card debt? ### Answer: JoeTaxpayer mentioned a budget. Staying on top of your spending will be the result of getting out from under this debt. You may have Excel on ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Most effective Fundamental Analysis indicators for market entry ### Answer: The three places you want to focus on are the income statement, the balance sheet, and cash flow statement. The standard mea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there Investable Real Estate Indices which track Geographical Locations? ### Answer: Not to my knowledge. Often the specific location is diversified out of the fund because each major building com...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the process through which a cash stock transaction clears? ### Answer: This is the sad state of US stock markets and Regulation T. Yes, while options have cleared & settled for t+1 (trade +1 d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying off student loan or using that money for a downpayment on a house ### Answer: Yes, one is certainly better than the other. Which one depends on your priorities and the interest and tax rates on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a CFD work behind the scenes? ### Answer: There are several ways that the issuers profit from CFDs. If the broker has trades on both sides (buy and sell) they can net the volumes off against ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options revisited: Gold fever ### Answer: Your plan already answers your own question in the best possible way: If you want to be able to make the most possible profit from a large downward move in a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with $4,000 cash and High Interest Debt? ### Answer: I'm going to suggest a slightly different approach. Most answers seem to suggest paying off the lower rate card to clear it. Some ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the MBA an overrated degree/qualification? ### Answer: It depends on what you want it for If it is just salary then maybe not, for instance, some MBA programs may suggest their graduates make $100,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best approach to save money for College for three kids? ### Answer: I'm not a 'rule of thumb' guy, but here, I'd suggest that if you can set aside 10% of your income each year for college,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Questions about government bonds that have already matured ### Answer: I am assuming that you are talking about US Savings Bonds: Here is a page that talks about maturity dates of US Savings bonds. If...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I find stocks with very active options chains? ### Answer: If you're willing to shell out some cash, vendors will be quite happy to sell you everything you need. Picking one out of thin air, a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do day-traders or frequent traders handle their taxes? ### Answer: Starting of 2011, your broker has to keep track of all the transactions and the cost basis, and it will be reported on your 1099-...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What things should I consider when getting a joint-mortgage? ### Answer: It may clarify your thinking if you look at this as two transactions: I am an Australian so I cannot comment on US tax laws but...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do I get a much better price for options with a limit order than the ask price? ### Answer: Sounds to me like you're describing just how it should work. Ask is at 30, Bid is at 20; you offer a ne...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using Loan to Invest - Paying Monthly Installments by Selling Originally Bought Shares ### Answer: I will add one point missing from the answers by CQM and THEAO. When you take a loan and invest the p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any risks from using mint.com? ### Answer: Here's a very simple answer, ask your broker/bank. Mine uses ofx. When asked if they would reimburse me for any unauthorized activity, the answer...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock trading models that use fundamental analysis, e.g. PEG ratios? ### Answer: Maria, there are a few questions I think you must consider when considering this problem. Do fundamental or technical s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How smart is it really to take out a loan right now? ### Answer: Yes, it's a buyer's market. If one is looking to buy a house, comparing the cost to rent vs own is a start. Buying a property to rent t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Selling Stock - All or Nothing? ### Answer: When my orders fill, I'll often see a 1000 shares go through over 4-6 transactions, with a few cents difference high to low, but totaling the transaction co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are banks really making less profit when interest rates are low? ### Answer: profit has nothing to do with the level of interest rates. Is this correct? In theory, yes. The difference that you're gett...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mortgage sold to yet another servicer. What are my options? ### Answer: Are my mortgage terms locked in? Who oversees this? Yes your terms like rate, balance, penalties, due dates, are all covered in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What effect would currency devaluation have on my investments? ### Answer: My question boiled down: Do stock mutual funds behave more like treasury bonds or commodities? When I think about it, it se...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: CFD market makers: How is the price coupled to the underlying security? ### Answer: CFD providers typically offer CFDs to investors using either the direct market access (DMA) model or the market make...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If an option's price is 100% made up of its intrinsic value, is there a way to guarantee a non-loss while having a chance at a profit? ### Answer: The strategy looks good on paper but in reality, the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you explain “time value of money” and “compound interest” and provide examples of each? ### Answer: Time Value of Money - The simple calculation for this is FV = PV * (1+r)^N which reads The Futur...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are lottery tickets ever a wise investment provided the jackpot is large enough? ### Answer: You're asking if lottery ticket can ever produce a positive expected value (EV). The short answer is, "no"....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are for-a-fee wires faster than 2+ day free ACH ### Answer: ACH transfers are the evolution of paper check clearing houses. Transactions are conducted in bulk and do not immediately settle -- the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a house for a shorter term ### Answer: There are two main factors at play to consider. Also, realize that no advice is universal. You need to evaluate your exact situation and do what is best...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Principal 401(k) managed fund fees, wow. What can I do? ### Answer: Your employer could consider procuring benefits via a third party administrator, which provides benefits to and bargains collectivel...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Double-entry bookkeeping: When selling an asset, does the money come from, Equity or Income? ### Answer: Selling an asset is not earning income. You are basically moving value from one asset (the lapt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do with small dividends in brokerage account? ### Answer: Some brokerages will allow you to enroll your account in a dividend reinvestment plan -- TD Ameritrade and I think Schwab for example....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some time tested passive income streams? ### Answer: There are lots of different ways to generate passive income. What is Passive Income? Basically it is income you receive without having to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which r in perpetuity formula to pricing a business? ### Answer: In the equity markets, the P/E is usually somewhere around 15. The P/E can be viewed as the inverse of the rate of a perpetuity. Since...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How Warren Buffett made his money ### Answer: Despite Buffett's nearly perfect consistent advice over the past few decades, they don't reflect his earliest days. His modern philosophy seemed to solid...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a law or regulation that governs the maximum allowable interest amount that can be charged on credit cards or in agreements where credit is extended? ### Answer: The word you're looking for i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sleazy Bait and Switch Marketing — Is this legal? ### Answer: This is completely disgusting, utterly unethical, deeply objectionable, and yes, it is almost certainly illegal. The Federal Trade Commiss...
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: If your refunds are subject to seizure because of certain debt arrears, it makes sense to let the IRS hold onto them until ne...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Understanding the synthetic long put option ### Answer: A long put - you have a small initial cost (the option premium) but profit as the stock goes down. You have no additional risk if the shock rise...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Source of income: from dividends vs sale of principal or security ### Answer: All that it is saying is that if you withdraw money from your account it doesn't matter whether it has come from dividends...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For young (lower-mid class) investors what percentage should be in individual stocks? ### Answer: I don't believe the decision is decided by age or wealth. You only stock pick when a) you enjoy the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there alternatives to double currency account to manage payments in different currencies? ### Answer: Banks in certain countries are offering such facility. However I am not aware of any Bank in H...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why buying an inverse ETF does not give same results as shorting the ETF ### Answer: Suppose that the ETF is currently at a price of $100. Suppose that the next day it moves up 10% (to a price of $11...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can people have such high credit card debts? ### Answer: I'm not sure if the rules in Canada and the US are the same. I'm as amazed as you are by the amounts of debts people have, but I can see ho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Digital envelope system: a modern take ### Answer: While Googling answers for a similar personal dilemma I found Mvelopes. I already have a budget but was looking for a digital way for my husband and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the most conservative split of financial assets for my portfolio in today's market? ### Answer: If you can afford the time and are looking for more deep, and fun, investment tips, check out htt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Digital money pots? ### Answer: If you can live with managing the individual category amounts yourself, this is trivial. Just set up a spreadsheet listing each category (and a column for the total amo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Meaning of “readily transferable”? ### Answer: Securities or quite a few negotiable instruments can change title of ownership without any issue. Many at times the owner ship in implicit if you are hol...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Considering investing in CHN as a dividend stock ### Answer: CHN is a Closed-End Fund. CHN actually pays out three types of distributions: In the case of CHN, they appear to be paying yearly. The mos...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Scam or Real: A woman from Facebook apparently needs my bank account to send money ### Answer: This is a scam, I'm adding this answer because I was scammed in this fashion. The scammer sent me a check...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I get bill collectors who call about people I know to stop calling me? ### Answer: I had a similar situation, except the debtor had no connection to us whatsoever, other than holding our phone ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does Yahoo finance adjust stock data for splits and dividends? ### Answer: Should be noted that pacoverflow's answer is wrong. Yahoo back-adjusts all the previous (not current or future) values ba...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Zero volatility stocks in intraday trading in India ### Answer: Find a stock screener that has data for the BSE and NSE. You may be able to look directly at volatility but a good stock screener will h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If accepting more than $10K in cash for a used boat, should I worry about counterfeiting? ### Answer: Paying tax is a Good Thing. However, warren has made good point and I would like you to consider t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the role of a manager in a passively managed index fund? ### Answer: There still is some buying and selling to do in a passively-managed fund. The stocks might pay dividends. If the fund man...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First time home buyer: Can you withdraw funds from a Roth 401k for a first time home purchase? ### Answer: The rules are quite different. There is no special home purchase penalty-free withdrawal. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a bid and ask price exist for indices like the S&P500? ### Answer: Bid and ask prices of stocks change not just daily, but continuously. They are, as the names suggest, what price people are ask...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do investors buy stock that had appreciated? ### Answer: Imagine how foolish the people that bought Apple at $100 must have felt. It was up tenfold for the $10 it traded at just years prior, how c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Rejecting a second hand car from a dealer under UK Consumer Rights Act ### Answer: Dumb Coder has already given you a link to a website that explains your rights. The only thing that remains is how to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How long do you have to live somewhere to be a resident for tax purposes? ### Answer: If you are going to be trying clever stuff with taxes in different place, you probably need a professional. Differ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is 0% credit card utilization worse than 1-20% credit card utilization for any reason other than pure statistics? ### Answer: Going off hearsay here. I believe your question is. "Does not having a cre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the stock market too risky for long term retirement funds? Why should a 20- or 30-something person invest in stocks? ### Answer: The stock market, as a whole, is extremely volatile. During any 3 y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why buy a vertical spread if I could instead buy a naked call? ### Answer: Question: are you saying that buying a call is better than buying a vertical spread regardless of fees, or only because of fe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: ACH processing time of day ### Answer: Each bank is different, so your question needs to be more specific. For instance, I believe Paypal and Chase settles at 7pm EST on business days. Bank of America...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are index-tracking ETF popular in Japan? ### Answer: The Japanese stock market offers a wide selection of popular ETFs tracking the various indices and sub-indices of the Tokyo Stock Exchange. See th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can the beta of a stock be used as a lagging indicator for the stock w.r.t the market ### Answer: Just to be clear to start, beta is a statistical property. So if your beta is 0.8 over a period of ti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any circumstance in which it is necessary to mark extra payments on a loan as going to “principal and not interest”? ### Answer: The mortgage I got last year through Wells Fargo explicitly in...
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: None of the previous answers (which are all good) mention margin accounts (loans from your broker). You may also have heard them...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When is it better to rent and when is better buy in a certain property market? ### Answer: The first question is low long will you wish to stray there? It costs of lot in legal changes other changes...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm thinking of getting a new car … why shouldn't I LEASE one? ### Answer: Also consider how cars fare under your ownership: Does your current car... If any of the answers to these questions are "Yes"...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Suitable Vanguard funds for a short-term goal (1-2 years) ### Answer: If you are looking to invest for 1-2 years I would suggest you not invest in mutual funds at all. Your time horizon is too short f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should you keep your stocks if you are too late to sell? ### Answer: Personally, I have been in that situation too often that now I am selling at the first tick down! (not exactly but you get the idea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are you preparing for a possible dollar (USD) collapse? (How?) ### Answer: There are two basic ways you can separate your investments from the dollar (or any other currency). ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what interest rate should debt be used as a tool? ### Answer: This is a very interesting question. I'm going to attempt to answer it. Use debt to leverage investment. Historically, stock markets ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a Master Limited Partnership (MLP) & how is it different from plain stock? ### Answer: My question is: absent the corporate shield, to what extent are partners liable for a serious disaster or...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What percentage of my portfolio should be in individual stocks? ### Answer: I find the question interesting, but it's beyond an intelligent answer. Say what you will about Jim Cramer, his advice to s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I find a regular job or continue doing what am doing? ### Answer: This might sound harsh, but the first thing I would suggest is to stop making excuses. I wasn't able to continue due to pressu...
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: Technically, the difference between dividends and growth ought to be that dividends can be reinvested in stocks other than t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mortgage or not? ### Answer: I often say "don't let the tax tail wag the investing dog." I need to change that phrase a bit to "don't let the tax tail wag the mortgage dog." Getting a tax deduction on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it wise to invest small amounts of money short-term? ### Answer: I would agree with the other answers about it being a bad idea to invest in stocks in the short term. However, do consider also long...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I replace Microsoft Money with, now that MS has abandoned it? ### Answer: Current Money users may want to take a look at this: http://sites.google.com/site/pocketsense/home/msmoneyfixp1 Prett...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any catches with interest from banks? Is this interest “too good to be true”? ### Answer: The 1.09% is per year, not per month. Not too bad for a regular savings, but it's just interest rat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do interest rates increase or decrease? ### Answer: Fundamentally interest rates reflect the time preference people place on money and the things money can buy. If I have a high time preference t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advice for a college student interested in investment opportunities. ### Answer: 2.5 years is a short period in the stock market. That means there is a significant chance it will be lower in 2.5 years...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying from an aggressive salesperson ### Answer: He sounds like a very bad salesman and I should know, because I was a sales manager at a bike shop which sold bikes from $200 to $10k. Now I had a cle...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Found an old un-cashed paycheck. How long is it good for? What to do if it's expired? ### Answer: Look up escheatment. Companies that have unclaimed property are supposed to send it to your State gove...