Datasets:
circircircle
/
FinQA

Dataset card Data Studio Files
xet
 Community
text
stringlengths
146
45.7k
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can paying down a mortgage be considered an “investment”? ### Answer: I think there are a few facets to this, namely: Overall, I wouldn't concentrate on paying off the house if I didn't have any other...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to make money from a downward European market? ### Answer: The best way to make money on a downward market is to buy at the bottom, sell at the top. Lather, rinse, repeat. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's a reliable way for a non-permanent resident alien in the USA to get an auto loan? ### Answer: You have figured out most of the answers for yourself and there is not much more that can be said. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good investment vehicle for introducing kids to investing? ### Answer: There are mutual funds oriented toward kids or that are suitable in some way (e.g. they have low minimums). Here are tw...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a bad idea to invest a student loan? ### Answer: Are there any laws against doing this? so long as you are truthful in your application for the loan, none that I know of - technically you could...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to pay with cash when car shopping? ### Answer: You could write a personal check after the final price has been set and you're ready to purchase. Another option would be to get the final price - t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you explain this options calls & puts quote table to me? ### Answer: (Note: I am omitting the currency units. While I strongly suspect it's US$ I don't know from the chart. The system works the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does dividends passed mean in terms of stock? ### Answer: A "covenant" is a solemn promise to engage in or refrain from a specified action. Every company must do a balancing act while declaring t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I value personal use television for donation? ### Answer: IRS Pub 561 says you have to use fair market value. You cannot simply use a depreciated value. You should attempt to determine wha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Freelancer: Should I start a second bank account? ### Answer: I feel the need to separate my freelance accounts from my personal accounts. Yes, you should. Should I start another savings account or a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which Benjamin Graham book should I read first: Security Analysis or Intelligent Investor? ### Answer: If you're looking to learn more about investing for personal use (as opposed to academic interest...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are reasonable administrative fees for an IRA? ### Answer: Zero. Zero is reasonable. That's what Schwab offers with a low minimum to open the IRA. The fact is, you'll have expenses for the inves...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to buy this used car from Craigslist or from a dealership? ### Answer: I do not think you are missing much. One thing you have right is low cost cars depreciate almost nothing. One thin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Lifetime IS ### Answer: What are the chances of a reputable Bank offering it? A: The Skipton Building Society has recently announced that it is offering a cash LISA. According to the papers it is the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good practice to keep salary account and savings account separate? ### Answer: Personally, I keep two regular checking accounts at different banks. One gets a direct deposit totaling the sum ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When investing, is the risk/reward tradeoff linear? ### Answer: The risk-reward relation depends on what you are changing. In the most cases people ask about, it is not linear but I will give examples...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the common income tax deductions used by “rich” salaried households? ### Answer: One of the main tax loopholes more readily available to the wealthy in the U.S. is the fact that long-term cap...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Short an option - random assignment? ### Answer: You've described the process fairly well. It's tough to answer a question that ultimately is 'how is this fair?' It's fair in that it's part of the kn...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who gets the dividend when a stock is bought/sold around the ex-dividend date? [duplicate] ### Answer: Your understanding is incorrect. The date of record is when you have to own the stock by. The e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to properly collect money from corporate sponsors? ### Answer: If this is something you plan to continue doing it would make sense to create it as it's own business entity and then to get non-prof...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 1040 Schedule A Un-Reimbursed Business Expense Reporting ### Answer: It would be unusual but it is possible that the expenses could be very high compared to your income. The IRS in pub 529 explains th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do algorithmic trading platforms typically have live-data access to stock data? ### Answer: Algorithmic trading doesn't necessarily require live feeds. It is a very generic term describing trading bas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying non-qualified employee stock options that are going to expire? ### Answer: Options granted by an employer to an employee are generally different that the standardized options that are traded on...
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: Here's an interesting link to a discussion about an Australian investor group back in the 1990s that bought...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How (or is it necessary) to rebalance a 401k with only one index fund? ### Answer: There's nothing to rebalance, the index fund rebalances itself to continue matching the index. However, you need to u...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm 18. How to build good monthly income at my 20's? ### Answer: It looks like you need a lot more education on the subject. I suggest you pick up a book on investing and portfolio management to get a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does short selling require borrowing? ### Answer: A simple way to ask the question might be to say "why can't I just use the same trick with my own shares to make money on the way down? Why is bor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Lending to the bank ### Answer: This will happen automatically when you open an interest-bearing account with a bank. You didn't think that banks just kept all that cash in a vault somewhere, did yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can't the account information on my checks be easily used for fraud? ### Answer: That's accurate. Here is another risk with the current checking system, which many people are not aware of: Anyone who...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a startup can always issue new shares, what value is there to stocks/options? ### Answer: It's called "dilution". Usually it is done to attract more investors, and yes - the existing share holders ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If the co-signer on my car loan dies, can the family take the car from me like they're threatening to? ### Answer: The lead story here is you owe $12,000 on a car worth $6000!! That is an appalling s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is an effective way to invest in electric car industry? ### Answer: You could have googled this question. I did so and found a link to this article. YMMV taking investment advice from thestreet....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it OK to use a credit card on zero-interest to pay some other credit cards with higher-interest? ### Answer: The short answer is no, it's probably not ok. The longer answer is, it might be, if you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What options do I have at 26 years old, with 1.2 million USD? ### Answer: Pay off the credit cards. From now on, pay off the credit cards monthly. Under no circumstances should you borrow money. Yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Indicators a stock is part of a pump and dump scheme? ### Answer: Pump-and-dump scams are indeed very real, but the scale of a single scam isn't anywhere near the type of heist you see in movies like ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a bond fund? ### Answer: As Michael Pryor answered, a bond fund is a mutual fund that invests in bonds. I'd also consider an ETF based on bonds to be a bond fund, but I'm not sure that all inv...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a US LLC need to file taxes if owned by a foreign citizen? ### Answer: An LLC does not pay taxes on profits. As regards tax a LLC is treated as a Partnership, but instead of partners they are cal...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 1000 pound to invest ### Answer: 1000 (£/$/€) is also not a lot to start with. Assuming you want to buy stocks or ETFs you will be paying fees on both ends. Even with online brokerages you are looki...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it advisable to go for an auto loan if I can make the full payment for a new car? ### Answer: There needs to be more numbers with your choices, without those any answer is purely speculation. Assum...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to handle Client Deposits in Xero (or any finance software, really) ### Answer: I haven't worked with Xero before, but can't you just set it up as accounts payable? Put in an accounts payable for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do credit cards require a minimum annual household income? ### Answer: While you're asking about a particular bank, I'll give my opinion of this in general. I think a $12,000 household income is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I predict which way mortgage rates are moving? ### Answer: Mortgage rates generally consist of two factors: The risk premium is relatively constant for a particular individual / house combinat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What cost basis do I report on the 1099? ### Answer: You wouldn't fill out a 1099, your employer would or possibly whoever manages the stock account. The 1099-B imported from E-Trade says I had a tr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Bank will not accept loose change. Is this legal? ### Answer: Is this even legal? How can a bank refuse to deposit legal tender in the United States? Legal for all debts, public or private, doesn't ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to invest with a low net worth ### Answer: You most definitely can invest such an amount profitably, but it makes it even more important to avoid fees, um, at all costs, because fees tend to have ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can we amend last year's Schedule C to indicate reduced income due to a customer refund this year for a product we sold last year? ### Answer: I am not an accountant, but I have a light accounting bac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My tenant wants to pay rent through their company: Should this raise a red flag? ### Answer: I disagree with the other respondents. If your tenant is an individual, renting in their individual capacit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can my relatives do to minimize their out of pocket expenses on their fathers estate ### Answer: Sure, it's irresponsible for an executor to take actions which endanger the estate. But what abou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to eliminate PMI (Personal/Private Mortgage Insurance) on a mortgage before reaching 20% down on principal? ### Answer: Banks are currently a lot less open to 'creative financing' than ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does reading financial statements (quarterly or annual reports) really help investing? ### Answer: Wow, I cannot believe this is a question. Of course reading the 10Ks and 10Qs from the SEC are incr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can stock brokerage firms fail? ### Answer: Brokerages are supposed to keep your money separate from theirs. So, even if they fail as a company, your money and investments are still there, and can be ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I have a lot of debt and the housing market is rising, should I rent and slowly pay off my debt or buy and roll the debt into a mortgage? ### Answer: The only way to "roll" debt into a home purchas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First concrete steps for retirement planning when one partner is resistant ### Answer: I would suggest you do three things: If you do all three of these, the time will come when "2 months off to go to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I find out what factors are making a stock's price rise? ### Answer: Because more people bought it than sold it. That's really all one can say. You look for news stories related to the event, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I find a checking account that allows for automated transfers of dynamic amounts? ### Answer: Almost any financial institution has the technical ability to do this (simply called sweeps, auto ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does quantitative easing negatively affect stocks? ### Answer: The stock market in general likes monetary easing. With lower interest rates and easy cheap money freely available, companies can bor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How will I pay for college? ### Answer: First, it's clear from your story that you very likely should be able to receive some financial aid. That may be in the form of loans or, better, grants in whi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I have to pay taxes on income from my website or profits? ### Answer: Income is income... it depends how it's structured.. personal or corporate.. but still you need to pay taxes... if you get audi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate PE ratios for indices such as DJIA? ### Answer: You could look up the P/E of an equivalent ETF, or break the ETF into components and look those up. Each index has its own methodology,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Book Value vs Market Value of PWT.TO ### Answer: Have you looked at what is in that book value? Are the assets easily liquidated to get that value or could there be trouble getting the fair market val...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to read bond yield quotes? What do the time, coupon, price, yield, and time mean? ### Answer: The 1 month and 1 year columns show the percentage change over that period. Coupon (coupon rate) is th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying tax for freelance work while travelling ### Answer: Having freelanced myself in South America I could give you a sound advice BUT you would first need to answer some questions. 1) How long do ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Td Ameritrade Roth IRA question ### Answer: Failing some answers to my comment, I am going to make some assumptions: Based upon a quick review of this article I'd probably be in the Russell 2000 Value...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Convention for adding ishares (ETFs) into personal accounts ### Answer: What account you put it in depends on why you have those different accounts. First, if you have them due to regulatory requirem...
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: I would always recommend the intelligent investor by Benjamin Graham the mentor of warren buffet once you have a basic knowledge ie what is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Estimated Taxes after surge in income ### Answer: You will not necessarily incur a penalty. You can potentially use the Annualized Income Installment method, which allows you to compute the tax due f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What options do I have at 26 years old, with 1.2 million USD? ### Answer: Buy a land and build a house. Then plant wine trees. Hire people after like 5 years and start to do and sell wine. A beautiful...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why should the P/E ratio of a growth stock match its percentage earnings growth rate? ### Answer: This is only a rule of thumb. Peter Lynch popularized it; the ratio PE/growth is often called the Lync...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I make money in the stock market from other people losing money? ### Answer: There is one other factor that I haven't seen mentioned here. It's easy to assume that if you buy a stock, then someone...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the fuss about identity theft? ### Answer: While everything can be fixed in the end, and you can usually get all your money back, recovering from identity theft can take months or years. In the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Most important skills needed to select profitable stocks ### Answer: You would appear to be a swing trader, like myself. I have been trading futures and futures options for 29 years, and have both mad...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are Shiller real-estate futures and options catching on with investors? ### Answer: In my experience, Shiller is always way before his time with his predictions and often it comes at too early a point...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Travel expenses for an out-of-state rental ### Answer: While the question is very localized, I'll answer about the general principle. My main question is with how far away it is (over 1000 miles), how...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Problems with Enterprise Value and better valuation techniques ### Answer: This is an example from another field, real estate. Suppose you buy a $100,000 house with a 20 percent down payment, or $20,0...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a defined contribution plan work ### Answer: It is comparing apples to oranges. From govt or institution point of view defined contribution is better than defined benefits as they don't have ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I know before investing in gold? ### Answer: Here are five frequently asked questions and what you should know before buying gold: \n1. Why purchase gold or silver?\n2. Is now a good time ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I move my 401k to another country without paying tax penalty? ### Answer: I doubt that there is an arrangement with any country that would allow you to transfer money out of a 401(k) and roll it o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What software do you recommend for Creating a To-The-Penny, To-The-Day Budget? ### Answer: I really don't know about will it help you, but here is what I do: It is not classic solution, but maybe it w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When applying for a mortgage, can it also cover outstanding debts? ### Answer: That really depends on the lender, and in the current climate this is extremely unlikely. In the past it was possible to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Approximate IT company valuation (to proximate stock options value) ### Answer: You also need to remember that stock options usually become valueless if not exercised while an employee of the company....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When should I start an LLC for my side work? ### Answer: It really depends on the type of business you are running. If there is any chance of liability, you should protect yourself with an LLC. The...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Company asking for card details to refund over email ### Answer: While I agree with Ben a lot I feel like his answer is really poor here. You do not call a number to give your credit card information ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As a 22-year-old, how risky should I be with my 401(k) investments? ### Answer: Whatever you do, don't take your retirement savings to Vegas. Second, you should also consider investment expenses. Your...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are my options to deal with Student Loan debt collectors? ### Answer: Never speak to a debt collector. Ask them to stop calling you and STOP talking to them. Communicate only via postal mail. Do ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 3-year horizon before trading up to next home: put windfall in savings, or pay off mortgage? ### Answer: You may have to both save your windfall in a savings account and use it to pay down your mortga...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay team mates out of revenues on my name ### Answer: Note: This is not professional tax advice. If you think you need professional tax advice, find a licensed professional in your local area. What ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Unusual real estate market with seemingly huge rental returns ### Answer: You are suggesting that a 1% return per month is huge. There are those who suggest that one should assume (a rule of thumb her...
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: The initial story sounds normal. Happens every day. Checksums cannot prevent this, since it is a typo by th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you use external money to pay trading commissions in tax-free and tax-deferred accounts? ### Answer: Nice idea. When I started my IRAs, I considered this as well, and the answer from the broker wa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I have all this stock just sitting there, how can I lend it out to people for short selling? ### Answer: One alternative strategy you may want to consider is writing covered calls on the stock you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: State tax issues for NJ resident with DC tax withheld, and likely refunded ### Answer: If you already filed the DC return, you can try and wait with filing the NJ return until you get the answer from ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does the value of an asset (valued in two different currencies) change when the exchange rate changes? ### Answer: If there is a very sudden and large collapse in the exchange rate then because al...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stores and manufacturers use mail in rebates? A scam, or is there a way to use them effectively? ### Answer: I've had positive experiences and negative ones. One key is to be sure you have foll...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to file taxes when selling on eBay or Amazon? ### Answer: In simple terms, it is a business operation when it becomes a profit-making enterprise. It is a grey area, but there is a differen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the “Bank on Yourself” a legitimate investment strategy, or a scam? ### Answer: Oddly enough, I started to research the "Bank on Yourself" strategy today as well (even before I'd ran across this qu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will I get taxed on withdrawals from Real Cash Economy games? ### Answer: Income from a hobby is tax exempt under Dutch law. To consider whether it's hobby, a few rules are applied such as: How much t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 83(b) and long term capital gain ### Answer: You should apply for 83(b) within 30 days. 10 months is too late, sorry. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal for a vendor to reuse credit details from a previous transaction ### Answer: It is very much legal and in fact depending on the fine print of the purchase you make, you have now establishe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I know if refinance is beneficial enough to me? ### Answer: It would help if we had numbers to walk you through the analysis. Current balance, rate, remaining term, and the new mortgage details...
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: Yahoo's "Adj Close" data is adjusted for splits, but not for dividends. Despite Yahoo's webpage's footnote saying *Close...