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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dispute credit card transaction with merchant or credit card company? ### Answer: Most merchants (also in Europe) are reasonable, and typically are willing to work with you. credit card companies ask ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: GnuCash register reimbursements ### Answer: You should be recording the reimbursement as a negative expense on the original account the expense was recorded. Let's assume you have a $100 expense and $...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options vs Stocks which is more profitable ### Answer: As already noted, options contain inherent leverage (a multiplier on the profit or loss). The amount of "leverage" is dictated primarily by both ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How dividend payout happens ### Answer: The ex-dividend date is the first date on which you may sell without losing your dividend. In this case that date is August 5th (thanks, Victor). The price op...
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: Many people who do transfer a balance from one credit card to another have no clue as to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the formula for determining estimated stock price when I only have an earning per share number? ### Answer: What you need to do is go to yahoo finance and look at different stock's P/E ratios...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the buy-hold-sell indication based on? ### Answer: The indication is based on the average Buy-Hold-Sell rating of a group of fundamental analysts. The individual analysts provide a Buy, Hold o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do market shares exhaust? ### Answer: RonJohn is right, all shares are owned by someone. Depending on the company, they can be closely held so that nobody wants to sell at a given time. This can cau...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Virtual Terminal WITHOUT merchant account? ### Answer: You would need to setup a company (even if it's just a sole proprietorship, in the US) to be able to apply for a true merchant account. And thus...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do so many people trade a bankrupt company's stock? ### Answer: It may have some value! Investopedia has a well-written quick article on how stock holders may still get some portion of the liquid...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paid cash for a car, but dealer wants to change price ### Answer: If the discount is only for financed car then their software application should have accepted the payment (electronic transfer ID) fro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are American Eagle $20 gold coins considered “securities”, requiring dealers to be licensed to sell them as such? ### Answer: No. Securities brokers/dealers in the United States are licensed to broker...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would someone want to sell call options? ### Answer: I do this often with shares that I own - mostly as a learning/experience-building exercise, since I don't own enough individual stocks to make ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is buying or selling goods for gold or silver considered taxable? ### Answer: Of course. The rationale is exactly the same as always: profit is taxed. The fact that you use intermediate barter to make...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My friend wants to put my name down for a house he's buying. What risks would I be taking? ### Answer: Something else to consider, even if your friend is on the up and up and never misses a payment: ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a truck to write off on taxes ### Answer: Assuming your country is the United States there is. See schedule C line 9 and the corresponding instructions. There are many rules associated with ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tenant wants to pay rent with EFT ### Answer: In Britain it's standard practice to use an electronic bank transfer, otherwise known as a "standing order" for the monthly rent payment. Many letting age...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a good rule of thumb for how much I should have set aside as emergency cash? ### Answer: We aim to keep 6 months of expenses. The rationale is that its enough time to recover from most seriou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages/disadvantages of a self-directed IRA? ### Answer: The main advantage and disadvantage I can see in a scenario like this are - how savvy and good an investor are you? It's a goo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the p/e ratio? ### Answer: The price to earnings ratio is a measure of the company's current share price compared to the annual net earnings per share. The other way to think about this is th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Hourly rate negotiation tips for paid internship ### Answer: They likely have an intern (job title) pay-scale that maxes out somewhere below $30/hr in order to meet the FLSA (that exempt vs non-exempt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Estate taxes and the top 1 percent by net worth ### Answer: There are two key reasons: Consider a family of four, two kids and two adults, that has a net worth of $20 million. Each of these four peopl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My bank often blocks my card during purchases - what is the most reliable bank card? (UK) ### Answer: I have had my card blocked at home only rarely. One occasion comes to mind - I had bought somethin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people take out life insurance on their children? Should I take out a policy on my child? ### Answer: As you say life insurance is about covering the loss of income, so unless your child is an ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What would I miss out on by self insuring my car? ### Answer: As others have pointed out, it's all about a fixed, small cost versus the potential of a large cost. If you have insurance, you know you w...
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: I've been budgeting with MS Money since 2004 and was pretty disappointed to hear it's being discontinued. Budgeting i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can my broker lock my cash account if I try to use the money from a stock sale during the three-day settlement period? ### Answer: Brokerage firms must settle funds promptly, but there's no explicit d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it unreasonable to double your investment year over year? ### Answer: Yes. The definition of unreasonable shows as "not guided by or based on good sense." 100% years require a high risk. Can your o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I believe a stock is going to fall, what options do I have to invest on this? ### Answer: Shorting Stocks: Borrowing the shares to sell now. Then buying them back when the price drops. Risk: If yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I interpret this industry research? ### Answer: As BobbyScon said in the comments, invest in a company that is developing in that field. Or invest in a company which supplies that field. Th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I invest or repay my debts? ### Answer: Like azam pointed out, fundamentally you need to decide if the money invested elsewhere will grow faster than the Interest you are paying on the loan. In...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Employer rollover from 403b to 401k? ### Answer: 403b plans are used by school districts, colleges and universities, nonprofit hospitals, charitable foundations and the like for their employees while ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In US, is it a good idea to hire a tax consultant for doing taxes? ### Answer: Whether you do decide to go with a tax advisor or not, be sure to do some research on your own. When we moved to the US a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Possible replacement for Quicken ### Answer: It has a bit of a learning curve, but I like GNU Cash. (And since it open source, it's free!) ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: US Self-Employment Tax: Do expenses stack with the 50% SE deduction? ### Answer: Business expenses reduce business income. The SE tax is paid on business income. The credit for 1/2 the SE tax is based...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I legally and efficiently help my girlfriend build equity by helping with a mortgage? ### Answer: I'm glad that you feel like being fair and equitable to your party. Other answerers are, of co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it common in the US not to pay medical bills? ### Answer: Is it common in the US not to pay medical bills? Certainly not. What some might do, however, is not pay them immediately, with the intent ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why have candlestick charts overlaps? ### Answer: Remember that prices refer to discrete events in the market - trades - it is easily possible that the highest price for a trade in the next period is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can value from labor provided to oneself be taxed? ### Answer: This is called imputed income, which is generally not taxed in the US. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does shorting a call option have potential for unlimited loss? ### Answer: You are likely making an assumption that the "Short call" part of the article you refer to isn't making: that you own the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does Charles Schwab have a Mandatory Settlement Period after selling stocks? ### Answer: They're taking advantage of float. Like so many things in the financial world today, this practice is a (s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are credit cards not viewed as credit until you miss one payment? ### Answer: There's a difference between missing a payment and "carrying a balance" (making an on-time payments that are less than the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does low interest rate prevent bankruptcy and foreclosure? ### Answer: Most of the bankruptcy is due to taking [or building over a period of time] a loan that one cannot service, if the interest r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the repayment of monies loaned to my company considered income? ### Answer: I'm a Finance major in Finland and here is how it would go here. As you loan money to the company, the company has no inc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a public company issue new shares without diluting the value held by existing shareholders? ### Answer: Unissued capital is only a token restriction. When a company is incorporated a maximum ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do freight derivatives like Forward Freight Agreements (FFAs) work? ### Answer: To answer this part of the question: "How can you build an index based on shipping routes - what is the significance...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any experience with maxing out 401(k)? ### Answer: Don't forget to also build up an emergency fund - retirement saving is important, but you don't want to be caught in a situation where you need money...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing for Dummys ### Answer: Books are a great place to start, Jason Kelly's The Neatest Little Guide to Stock Market Investing will give you a broad foundation of the stock & bond market. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Apartment lease renewal - is this rate increase normal? ### Answer: What happened in the past, the rent you paid last year, is in the past. You shouldn't be concerned with the percentage increase, bu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debit card for minor (< 8 y.o.) ### Answer: You might consider a Green Dot card. You can personalize the name on the card. There is no risk of over-drafting. There are some fees when you fill the card...
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: Each country would have to go back to its own currency, or the rich countries would just kick the poor ones out of the EU. It would be ba...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I sell my stocks when the stock hits a 52-week high in order to “Buy Low, Sell High”? ### Answer: You asked for advice, so I'll offer it. Trying to time the market is not a great strategy unle...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: why would someone buy or sell just a few shares in stocks ### Answer: Simple, there is no magic price adjustment after sales - why do you expect the stock price to change? The listed price of a stock ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to find out if a company is legit? ### Answer: It depends greatly from place to place, but nothing beats the Internet reviews' research. If you can't find anything digging slightly deeper than the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the smartest way to invest money gifted to a child? ### Answer: American Century has their Heritage Fund: https://www.americancentury.com/sd/mobile/fund_facts_jstl?fund=30 It has a good track r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should we prioritize retirement savings, paying down debt, and saving for a house? ### Answer: It all depends on your priorities, but if it were me I'd work to get rid of that debt as your first p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean that stocks are “memoryless”? ### Answer: I think that "memoryless" in this context of a given stock's performance is not a term of art. IMO, it's an anecdotal concept or cliche used...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I am under 18 years old, in the US, my parents have terrible credit, how can I take out a loan? ### Answer: I am 17 and currently have a loan out for a car. My parents also have terrible credit, and b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy tires and keep car for 12-36 months, or replace car now? ### Answer: New tires will increase the resale value of the car; while not by the full cost of the tires, it will not be entirely a sunk co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I can make a budget, but how can I get myself to consistently follow my budget? ### Answer: To me, this question is really about setting and meeting goals. The process is the same, whether it's about ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: why do energy stocks trade at lower prices compared to other sectors? ### Answer: Large-scale price range of a stock isn't directly meaningful; that reflects how many shares exist, not just how desira...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you sell stocks/commodities for any price you wish (either direct or market)? ### Answer: In other words, does the market have control over sale numbers or do I? You both do, just like for the bik...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Allocation between 401K/retirement accounts and taxable investments, as a young adult? ### Answer: I'm afraid you're mistaking 401k as an investment vehicle. It's not. It is a vehicle for retirement. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Historical data files for NYSE/NASDAQ daily open/close price data? ### Answer: Another possibly more flexible option is Yahoo finance here is an example for the dow.. http://finance.yahoo.com/q/hp?s=%...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Value of a call option spread ### Answer: On expiry, with the underlying share price at $46, we have : You ask : How come they substract 600-100. Why ? Because you have sold the $45 call to open you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In what cases can a business refuse to take cash? ### Answer: A business can refuse cash (paper currency) payment pretty much in all cases provided it's a reasonable policy and/or notified during/in a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Bogleheadism (index fund investing) dead? ### Answer: From http://blog.ometer.com/2008/03/27/index-funds/ , Lots of sensible advisers will tell you to buy index funds, but importantly, the advice...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good idea to teach children that work is linearly related to income? ### Answer: I think that is the wrong approach. You certainly need to teach the value of work, but you cannot tie it to inc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I have to explain the source of *all* income on my taxes? ### Answer: This is a case where you sit down with an advisor or two. There are legal, and tax issues. When you deposit the cash, or buy a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth incorporating, when working in Canada as a contractor for an employer in the US? ### Answer: Interesting as I am in the exact same situations as yourself. I, in fact, just incorporated. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is dividend included in EPS ### Answer: Not quite. The EPS is noted as ttm, which means trailing twelve months --- so the earnings are taken from known values over the previous year. The number you q...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I've got $100K to invest over the next 2 to 7 years. What are some good options? ### Answer: Well, a proper answer needs a few more details: 1) What's your marginal tax bracket? (A CD is just plain si...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much should I be contributing to my 401k given my employer's contribution? ### Answer: Contribute as much as you can. When do you want to retire and how much income do you think you'll need? A $1...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Filing a corporation tax return online? ### Answer: This may not exactly answer your question but, as a small business owner, I would highly recommend having a professional handle your taxes. It is wo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why naked call writing is risky compare to Covered call? ### Answer: A covered call risks the disparity between the purchase price and the potential forced or "called" sale price less the premium rece...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is inflation a good or bad thing? Why do governments want some inflation? ### Answer: If there's no inflation (or alternately there's deflation) people would tend to sit on money and wait for the pric...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What evidence is there that rising interest rates causes Canadian condo prices to go down? ### Answer: In the US market at least, there is long-term evidence that there's no strong correlation between...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I want to have a low risk portfolio how do I avoid ordinary income treatment from products like savings and MM? ### Answer: You have a number of ways to minimize taxes on investment gains, ranging ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Single employee - paying for health insurance premiums with pre-tax money ### Answer: Pre tax insurance is not possible unless the emplyer provides hsa and do a payroll deduction. Obamacare is all pos...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Direct Registration System vs Brokerage Firm ### Answer: You'll need to talk to your broker about registering positions you already hold. I would personally expect this will cost you a not-insignific...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What low-fee & liquid exchange-traded index funds / ETFs should I consider holding in a retirement portfolio? ### Answer: Here's a dump from what I use. Some are a bit more expensive than those that y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ballpark salary equivalent today of “healthcare benefits” in the US? ### Answer: As a contractor, I have done this exact calculation many times so I can compare full time employment offers when they c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are services provided to Google employees taxed as income or in any way? ### Answer: Is this right? The example is slightly off. Google would be running a cafeteria that can be subsidized. Employees p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Low risk hybrid investment strategy ### Answer: I think you may be confused on terminology here. Financial leverage is debt that you have taken on, in order to invest. It increases your returns, becau...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do grocery stores in the U.S. offer cash back so eagerly? ### Answer: The cost to the store is small. They may have to pay a slightly greater fee because the transaction is now bigger. They do nee...
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: Not a financially sound decision in my humble opinion. Basically, you are prepaying your taxes and the only reason you want t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My Boss owes money but I am named on letter from debt collection agency (UK) ### Answer: You havent signed a contract, so you are only an authorised contact so you have nothing to worry about at all. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages and disadvantages of leasing out a property or part of a property (such as a basement apartment)? ### Answer: The obvious advantage is turning your biggest liability into an in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are typical 401(k) plan fund choices so awful? ### Answer: I would point this out to the committee or other entity in charge of handling this at work. They do have a fiduciary responsibility for t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I've tracked my spending and have created a budget, now what do I do with it? ### Answer: Use the budget to drive down spending so you can save (for retirement, for college, for expenses) and so you c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to prevent myself from buying things I don't want ### Answer: There's a reason that you get a discount code: to make you feel like you're getting a deal. A deal is what you get when there was some...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How and Where can I easily pull data for the Dow 30? ### Answer: The current Dow divisor is in Historical Divisor Changes. The OpenOffice GetQuote function offers fields for current dividend either in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Not paying cash for a house ### Answer: Pay cash for the house but negotiate at least a 4% discount. You already made your money without having to deal with long term unknowns. I don't get why people ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Variable Annuity inside a Roth IRA? What is this and how can I switch it to something else? ### Answer: Your financial advisor got a pretty good commission for selling you the annuity is what happened...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can small children contribute to the “family economy”? ### Answer: (Although I disagree with the idea of getting a child working a real job to early, (I think kids should learn at school, learn ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a term that better describes a compound annual growth rate (CAGR) when it is negative? ### Answer: Not sure why CAGR is a problem for both directions. I used to be a physicist, and, when I ta...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Anticipating being offered stock options in a privately held company upon employment. What questions should I ask? ### Answer: The company doesn't necessarily have to go public. They can also be worth...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Confused about employee stock options: How do I afford these? ### Answer: the short answer is: No. you do not HAVE to pay $125,000.00 at the end of your first year. that is only the amount IF you deci...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Effect of Job Change on In-Progress Mortgage Application ### Answer: I recommend you ask this question to a qualified mortgage broker. We just closed on our first house. My wife & I have had several...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are you allowed to have both a 401(k) and a SIMPLE IRA? If so, what about limits? ### Answer: I am not 100% sure, but I think the answer is this: You can't max out both. You could theoretically max ...