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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is this follow-up after a car crash a potential scam? ### Answer: You wouldn't pay what the quote says, you would pay what the bill says. If the car is used as a taxi then either it's done illegally a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax considerations for selling a property below appraised value to family? ### Answer: Is this legal? If the purpose of the sale at that price is to defraud somebody else, you could have a legal issu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I invest in the USA or EU from an Asian 3rd-world country, over the Internet? ### Answer: Absolutely. It does highly depend on your country, as US brokerages are stricter with or even closed to r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I find out the credit rating of a company ### Answer: Dunn & Bradstreet offers detailed credit reports on businesses. They are not cheap, but they appear to have information on RIOCAN. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will I be paid dividends if I own shares? ### Answer: What is a dividend? Essentially, for every share of a dividend stock that you own, you are paid a portion of the company’s earnings. You get paid ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the meaning of “short selling” or “going short” a stock? ### Answer: This is a gross simplification as there are a few different ways to do this. The principle overall is the same though. To s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I stop wasting food? ### Answer: Try to choose less perishable items. Besides canned and bottled are adequate for some foods, and frozen foods for a wider range, such as vegetables and prepar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are Credit Cards a service to banks? ### Answer: Credit cards are a golden goose for banks, as they get to issue high-interest loans and simultaneously generate alot of fee income. Debit cards aren't ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How effective are hotel condos for investment properties? ### Answer: I agree with Joe Taxpayer that a lot of details are missing to really evaluate it as an investment... for context, I own a few inv...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Received a call to collect on a 17 year old, charged off debt. What do I do? ### Answer: There are statutes of limitations on how long they can wait before coming after you. 14 years certainly exceed...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate S corporation distribution from past K-1s? ### Answer: Phil's answer is correct. Just to add to his response: Distributions are not taxable events -- you already paid your taxes, so y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does investing in a company support it? ### Answer: We're not "helping" the company in a comparable sense to donating money to a non-profit. As you wrote, investing in a company deals with ownership ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does it make sense to take out student loans to start an IRA? ### Answer: IRA contributions are limited; you cannot "dump the excess into a retirement account like an IRA" if the excess is more than $...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the easiest way to back-test index funds and ETFs? ### Answer: yAnother potential tool for you would be a Monte Carlo Simulator. here's one http://financial-dictionary.thefreedictionary.com...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the catch in investing in real estate for rent? ### Answer: There are those who are knowledgable in real estate who offer rules of thumb: Don't pay more that 50X the rent for the house. Here, $...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I participate in a 401k if there is no company match? ### Answer: With a match, the 401(k) becomes the priority, up to that match, often ahead of other high interest debt. Without the match, t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do credit cards have minimum limits? ### Answer: They have a minimum to discourage applications for that particular card. Every application costs them money because they have to pay the credit age...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between a 'trader' and a 'stockbroker'? ### Answer: The traditional role of a stockbroker is to arrange for the buying and selling of stock by finding buyers and sellers at an a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What would happen if the Euro currency went bust? ### Answer: If the Euro went bust then it would be the 12th government currency to go belly up in Europe (according to this website). Europe holds th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would someone buy a way out-of-the-money call option that's expiring soon? ### Answer: It could be that the contracts were bought at cheaper prices such as $.01 earlier in the day. What you see th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the best way to make money from a market correction? ### Answer: For a non-technical investor (meaning someone who doesn't try to do all the various technical analysis things that theoretically...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: U.S. Mutual Fund Supermarkets: Where are some good places to buy mutual funds? ### Answer: I personally like Schwab. Great service, low fees, wide variety of fund are available at no fee. TD Ameritrad...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does the market adjust for fees in ETPs? ### Answer: Because ETFs, unlike most other pooled investments, can be easily shorted, it is possible for institutional investors to take an arbitrage posi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would my job recruiter want me to form an LLC? ### Answer: Your recruiter is likely trying to avoid having to pay the employer's side of employment taxes, and may even be trying to avoid having to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Townhouse or stand-alone house for a first home? ### Answer: I very much agree with what @Grade 'Eh' Bacon said about townhouses, but wanted to add a bit about HOA's, renting after moving on, and appr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trying to understand Return on Capital (Joel Greenblatt's Magic Formula version) ### Answer: I've spent enough time researching this question where I feel comfortable enough providing an answer. I'l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How would IRS treat reimbursement in a later year of moving expenses? ### Answer: IRS pub 521 has all the information you need. Expenses reimbursed. If you are reimbursed for your expenses and you u...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For a major expensive home renovation (e.g. addition, finished basement, or new kitchen) should one pay cash or finance with a loan? Would such a loan be “good” debt? ### Answer: Reasons to pay with c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Consumer Loans vs Mortgages ### Answer: I went here: Consumer Loan Law. It seems that a consumer loan is anything other than a business loan or mortgage. However, in California it seems to include a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Cost is (maybe) part of basis for two assets ### Answer: For accounting purposes, consider the costs of acquisition as part of the cost of the asset as opposed to expensing. This will be important to...
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: Well the idea of 'good practice' is subjective so obviously there won't be an objectively correct answer. I suspe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I find the dividend history for a stock? ### Answer: You can go to the required company's website and check out their investor section. Here is an example from GE and Apple. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ideal investments for a recent college grad with very high risk tolerance? ### Answer: I'd suggest you start by looking at the mutual fund and/or ETF options available via your bank, and see if they h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Online service that computes implied volatility ### Answer: My broker (thinkorswim) offers this from the platform's trade tab. I believe this feature isn't crippled in the PaperMoney version which is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any Social Responsibility Index funds or ETFs? ### Answer: At the other end of the spectrum is the VICEX fund. it invests in industries such as tobacco, gaming, defense/weapons, liquor and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the preferred way to finance home improvements when preparing to sell your house? ### Answer: You could take on more work. Pizza delivery, lawn work, babysitting, housecleaning, etc. None of t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sales Tax: Rounded Then Totaled or Totaled Then Rounded? ### Answer: Taxes should not be calculated at the item level. Taxes should be aggregated by tax group at the summary level. The right way every...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using Euros to buy and sell NASDAQ stocks ### Answer: Either way you'll be converting to US Dollars somewhere along the line. You are seeking something that is very redundant ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a car company refuse to give me a copy of my contract or balance details? ### Answer: You won't be able to sell the car with a lien outstanding on it, and whoever the lender is, they're almost cer...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are real estate prices memory-less? ### Answer: No, at least not with specific houses. When I bought my current house, our realtor looked at the previous selling price of this house, along with the pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How will going from 75% Credit Utilization to 0% Credit Utilization affect my credit score? ### Answer: You really don't know how credit scoring works. Let's think about the purpose of a credit score:...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax liability in US for LLC's owned by an Indian Citzen ### Answer: The LLC will not be liable for anything, it is disregarded for tax purposes. If you're doing any work while in the US, or you (or yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I sell a stock that I don't have, am I required to buy it before a certain amount of time? ### Answer: I'm just began playing in the stock market. I assume you mean that you're not using real mon...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Double entry for mortgage ### Answer: The £500 are an expense associated with the loan, just like interest. You should have an expense account where you can put such financing expenses (or should crea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is retirement planning so commonly recommended? ### Answer: In addition to what others have said, I think it is important to consider that government retirement assistance (whatever it is called i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I plan to buy a car in cash, should I let the dealer know? ### Answer: Yes you tell them. I can say that I pay cash for all my cars and always get cars for lower than the TrueCar low-end. There a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the contribution towards Employment Insurance (EI) wasted if I never get fired, or are my premiums refunded? ### Answer: I would suggest they are not wasted because your premiums fund unemployment ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the principle of forming an arbitrage strategy? ### Answer: Well, arbitrage is a simple mean reversion strategy which states that any two similar commodity with some price difference (usually ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the Investopedia simulator an accurate representation of real stock trading? ### Answer: Using any simulator will never be exactly the same as real trading. One reason is that a simulator will alw...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy/Selling prices at the stock exchange represent someone Selling/Buying at that price? ### Answer: You don't see Buying and Selling. You see Bid and Ask. Best Bid--Highest Price someone is willing t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do Americans really use checks that often? ### Answer: From a Canadian point of view, I think we are generally very similar to how you describe Austria. The only thing I use cash for, is to pay for m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is stock dilution legal? ### Answer: Here's another way that I look at it: Say you and me were 50-50 partners in a small business. Suppose we wanted to expand our business but that needed money. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't you just have someone invest for you and split the profits (and losses) with him? ### Answer: because the market price for good investment advice isn't that low. investment advice is subject...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How detailed do itemized deductions have to be? (source needed) ### Answer: When you do your taxes, you have two choices for your deductions. You can take the standard deduction, or you can choose to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When following a buy and hold investment strategy, on what conditions should one sell? ### Answer: Here's an easy test... Look at the investments in your portfolio and ask yourself whether if you ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Health insurance deduction on schedule C if also full time employee with w2? ### Answer: Checkout the worksheet on page 20 of Pub 535. Also the text starting in the last half of the third column of p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: S-Corp partnership startup. How to pay owners with minimal profit? ### Answer: We don't make enough to really consider it a salary, but I've heard using a draw without a salary is a bad idea. As any...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Entering the stock market in a poor economy ### Answer: Forecasts of stock market direction are not reliable, so you shouldn't be putting much weight on them. Long term, you can expect to do better i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What if 40% of the remaining 60% Loan To Value (ratio) is not paid, or the borrower wants to take only 60% of the loan? ### Answer: Sorry, I don't think a bounty is the issue here. You seem to underst...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does dollar cost averaging really work? ### Answer: If you have a lump sum, you could put it into a low risk investment (which should also have low fluctuations) right away to avoid the risk of buying...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where do countries / national governments borrow money from? ### Answer: Typically the debt is held by individuals, corporations and investment funds, not by other countries. In cases where substantia...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I check my credit score? ### Answer: Assuming you are asking about a credit score in the United States, the following applies. To find out your FICO score, navigate to AnnualCreditReport, the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does Value Averaging work in practice? ### Answer: The idea is you would also have a cash allowance in the portfolio originally - say 25%. So in this scenario, 375K in stock and 125k in cash. and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay more than 20% down on a home? ### Answer: One big factor that no one has mentioned yet is whether you believe in a deflationary or inflationary future. Right now, we are leaning towards a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does it make sense to buy a house in my situation? ### Answer: I wouldn't buy a house at this time. Your credit card debt is the most expensive thing you have. Which is to say that you want to get rid...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are bonds really a recession proof investment? ### Answer: You're mixing up two different concepts: low-risk and recession-proof. I'll assume I don't need to explain risk: there is always risk, regard...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does earning as a non-resident remote worker on an American account make people liable for U.S taxes? ### Answer: The United States taxes nonresident aliens on two types of income: First, a nonresiden...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off a 0% car loan? ### Answer: Sometimes I think it helps to think of the scenario in reverse. If you had a completely paid off car, would you take out a title loan (even at 0%) for a few...
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: The other answers here do an excellent job of laying out the mathematics of the expected value. Here is a d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shorting Obvious Pump and Dump Penny Stocks ### Answer: Shorting penny stocks is very risky. For example, read this investopedia article, which explains some of the problems. In general: If you have...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy stock in Canadian dollars or US? ### Answer: From a purely financial standpoint, you should invest using whatever dollars get you the best rate. The general rule of thumb that I've come across is ...
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: You are not "the economy". The economy is just the aggregate of what is going on with everyone else. You should make the decision based...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I use an HSA to pay financed payments for LASIK? ### Answer: From HSA Resources - I understand that I can reimburse myself from my HSA for qualified medical expenses that I pay out-of-pocket but ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Plan/education for someone desiring to achieve financial independence primarily through investing? ### Answer: Stay in school, learn everything you can, and spend as little money as possible. And rea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Self employed, putting away tax money ### Answer: Hearing somewhere is a level or two worse than "my friend told me." You need to do some planning to forecast your full year income and tax bill. In g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How far into the future is a stock future? How do stock futures work? ### Answer: Futures are an agreement to buy or sell something in the future. The futures "price" is the price at which you agree...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strategies for paying off my Student loans ### Answer: My advice is that if you've got the money now to pay off your student loans, do so. You've saved up all of that money in one year's time. If yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you explain the mechanism of money inflation? ### Answer: I don't think this can be explained in too simple a manner, but I'll try to keep it simple, organized, and concise. We need to start with ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do banks encourage me to use online bill payment? ### Answer: The paper check method also allows the bank to use your money while the check is in the mail. My bank debits my account immediately,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it normal to think of money in different “contexts”? ### Answer: All value given to products is subjective and is different from person to person. It can also vary for the same person from year to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to Park Proceeds from House Sale for 2-5 Years? ### Answer: Individual municipal bonds (not a fund) that will come to term in 2017 from your state. This satisfies 1, 2, 4 and 5. It doesn't sa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Understanding differences between S&P500 index-tracking ETFs ### Answer: Regarding SPY: "One SPDR unit is valued at approximately 1/10 of the value of the S&P 500. Dividends are distributed quarterly,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I determine if my portfolio's rate of return has been “good”, or not? ### Answer: Historically, the market's average rate of return has been about 8%. (Serakfalcon's "6% to 10%" is essentially...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For a car, would you pay cash, finance for 0.9% or lease for 0.9%? ### Answer: While this question is old and I generally agree with the answers given I think there's another angle that needs a little...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How will I pay for college? ### Answer: Firstly, good on you for thinking about it before you commit to it. Next. Chelonian provides lots of detail. Read that answer. Consider the cost of going. Us...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I track investment performance in Quicken across rollovers? ### Answer: Hmm, this site says If you use Quicken, you enter a new transaction of type "Corporate Acquisition (stock for stock)." Yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the rough estimate of salary value for a taxpayer to pay AMT? ### Answer: Alternative Minimum Tax is based not just on your income, but moreso on the deductions you use. In short, if you have ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Cheapest way to “wire” money in an Australian bank account to a person in England, while I'm in Laos? ### Answer: You could use paypal to transfer money. You can pay with paypal and your UK contact co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Safe method of paying for a Gym Membership? ### Answer: Quite often the local university has decent gym facilities with super-competitive rates, even if you are not a student there, and you can usuall...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you calculate the P/E ratio by industry? ### Answer: You could sum the P/E ratio of all the companies in the industry and divide it by the number of companies to find the average P/E ratio of t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What exactly is a “bad,” “standard,” or “good” annual raise? If I am told a hard percentage and don't get it, should I look elsewhere? ### Answer: Keep in mind that unless you have a contract that say...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens if futures contract seller defaults? ### Answer: MD-Tech answered: The answer is in your question: derivatives are contracts so are enforced in the same way as any other contract. If the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As an employer, how do I start a 401k or traditional IRA plan? ### Answer: If you are the sole owner (or just you and your spouse) and expect to be that way for a few years, consider the benefits of a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I import customers and invoices from a previous year's Gnucash file? ### Answer: There does not appear to be a way to export the customers and invoices nor a way to import them into another da...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Option on an option possible? (Have a LEAP, put to me?) ### Answer: There are many stategies with options that you have listed. The one I use frequently is buy in the money calls and sell at the money...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Oil Price forcasting ### Answer: If past is prologue, I'd say $20, give or take, inflation adjusted of course. http://www.antagoniste.net/WP-Uploads/2007/01/oil_prices_1861_2006.jpg If supplies are at...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculating profits for a private fund ### Answer: Thanks for the answer/comments! The time-based method was something we mooted and something I almost went with. But just to wrap this up, the method ...
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: Oh, how about something like "I'd rather not. It exposes me to more financial liability than I want. If ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can this be enough to fund a scholarship in perpetuity? ### Answer: What's the value of the scholarship, and is it administered by itself or by the university? If by itself, the financial return ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean when my Money Market account lists both a dividend share and an APY? ### Answer: In a money market fund, one share is worth $1. For your fund, you'll earn $0.0010 a year per share, o...