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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How long should I keep my tax documents, and why? ### Answer: How long you need to keep tax records will depend on jurisdiction. In general, if you discard records in a period of time less than your t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: ESPP taxes after relocating from Europe to the United States? ### Answer: If you haven't been a US resident (not citizen, different rules apply) at the time you sold the stock in Europe but it was ins...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much money should I lock up in my savings account? ### Answer: One issue which I don't see addressed in the answers so far is how to structure bank accounts to get the highest return possible. Wha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't a US state default, but a EU state can? ### Answer: But do you know about a US state risking to go default now or in the past? Ultimately, a US state could go into default. However, I doubt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stocks always able to be bought and sold at market price? ### Answer: In general stock markets are very similar to that, however, you can also put in limit orders to say that you will only buy or ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference between a high yield dividend stock vs a growth stock? ### Answer: There can be the question of what objective do you have for buying the stock. If you want an income stream, the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Query regarding international transaction between governments ### Answer: Buyer A didn't send money to the US government, Buyer A sent money to Seller B, a US resident. I think the most common way to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens if I just don't pay my student loans? ### Answer: employed under the table and doesn't have a bank account If I could make that size 10,000,000 font I would. Your friend likely also isn'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people sell when demand pushes share price up? ### Answer: If the price has gone up from what it was when the person bought, he may sell to collect his profit and spend the money. If someone in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the dividend tax rate for UK stock ### Answer: FYI, I am assuming you are an individual investor.. The rates on the website may change, if the government decides so. Anyway it is a UK governme...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some tips for getting the upper hand in car price negotiations? ### Answer: JohnFX and TTT provide excellent answers. Researching prices others have paid, being up front that you'll go buy a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Conservative ways to save for retirement? ### Answer: It has been hinted at in some other answers, but I want to say it explicitly: Volatility is not risk. Volatility is how much an investment goes up...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much more than my mortgage should I charge for rent? ### Answer: I am sorry to say, you are asking the wrong question. If I own a rental that I bought with cash, I have zero mortgage. The guy I se...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If you buy something and sell it later on the same day, how do you calculate 'investment'? ### Answer: Another way to look at this is if we separate the owner's account from the business's account. A...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will my father still be eligible for SNAP if I claim him as my dependent? ### Answer: It seems that counting your father as your dependent shouldn't, in itself, cause him to be ineligible for SNAP. El...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When is the best time to put a large amount of assets in the stock market? ### Answer: The one thing we know for certain is that holding large amounts of cash isn't ideal - inflation will eat away at ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much power does a CEO have over a public company? ### Answer: The shareholders elect the board of directors who in turn appoint a CEO. The CEO is responsible for the overall running of the company...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Re-financing/consolidating multiple student loans for medical school? ### Answer: Actually, a few lenders now will offer a consolidation loan that will consolidate both Federal and private student loa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trading : how to deal with crashes (small or big) ### Answer: caveat: remember that complex derivatives can be very bad for your wealth (even if you FULLY understand them). ###end
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: I think Infochimps has what you are looking for: NYSE and NASDAQ. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Value of a call option spread ### Answer: You have to look at the real price of the share to calculate the value of the spread. 42$ at the start, 46$ at the end. Think of it this way: When price was ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Purpose of having good credit when you are well-off? ### Answer: Credit is very important even if you are wealthy. One thing you may not realize is that rich people typically have comparatively little...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will an ETF increase in price if an underlying stock increases in price ### Answer: Since the market is in general rather efficient, the price of the ETF will most of the time reflects the prices of t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which credit card is friendliest to merchants? ### Answer: Accepting cash isn't free to the merchant's either. It needs to be counted, reconciled, stored, and taken to the bank each day. There is a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who Can I Hire To Calculate the Value of An Estate? ### Answer: Generally, it would be an accountant. Specifically in the case of very "private" (or unorganized, which is even worse) person - forensic...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Want to buy expensive product online. Credit line on credit cards not big enough. How do “Preferred Account” programs work? ### Answer: First and foremost - make sure where you are purchasing the prod...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Historic prices for currencies, commodities, ### Answer: My guess it's a legal agreement between Yahoo and data provider on what data can be stored, displayed and for how long. Check out this list of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Put idle savings to use while keeping them liquid ### Answer: I'm new to this, but how about putting a big part of your money into an MMA? I don't know about your country, but in Germany, some online ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good 5-year plan for a college student with $15k in the bank? ### Answer: You can put them in a 5 years CD and getting a maximum of %2.5 APY if you're lucky. If you put 15k now, in 5 years y...
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: My family members, particularly my aunt (his daughter), are telling me that when my g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do some companies offer 401k retirement plans? ### Answer: One important thing that hasn't been mentioned here is that the vast majority of companies have eventually eliminated their Company provi...
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: I buy or sell a few shares whenever I have a small amount of money to transfer into out of my mutual funds. Since I'm not paying t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Capital Gains and Tax Brackets ### Answer: It will definitely be added to your AGI, but not necessarily bump your ordinary income tax bracket. You will have to use the Capital Gains Computation worksh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I open a credit card when I turn 18 just to start a credit score? ### Answer: I will disagree with the other answers. The idea that there is some to establish a "credit history" is largely a my...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do shareholders participate in shorting stocks? ### Answer: Short sellers have to pay interest on the borrowings to the shareholders. Although many times brokers don't pass on these earnings to th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do card processing companies discourage “cash advance” activities ### Answer: This is most likely protecting Square's relationship with Visa/Mastercard/AMEX/etc. Credit card companies typically ch...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is dividend included in EPS ### Answer: No, dividends are not included in earnings. Companies with no earnings sometimes choose to pay dividends. Paying the dividend does not decrease earnings. It ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where should I park my money if I'm pessimistic about the economy and I think there will be high inflation? ### Answer: Apart from some of the excellent things others say, you could borrow money in AU...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would analysts recommend buying companies with negative net income? ### Answer: The biotechnology sector as a whole is a popular buy recommendation among some analysts these days for a few reasons...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would people sell a stock below the current price? ### Answer: This happens on dark pools quite often. If I am a large institutional investor with tens of millions of shares, I may want to unload ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Conservative ways to save for retirement? ### Answer: I didn't even have access to a 401(k) at age 24. You're starting early and that's good. You're frugal and that's good too. Retirement savings i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should my finances look like at 18? ### Answer: To buy a house, you need: At least 2 years tax returns (shows a steady income history; even if you're making 50k right now, you probably weren't wh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Alternative means of salary for my employees ### Answer: There are several local currency initiatives in the US list here. Most are attempts to normalize a value as a living wage, or encourage local ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is it not a requirement for companies to pay dividends? ### Answer: Cash flow is needed for expansion, either to increase manufacturing capacity or to expand the workforce. Other times companies u...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stock exchanges close at night? ### Answer: Most stocks are not actively trades by lots of people. When you buy or sell a stock the price is set by the “order book” – that is the other people...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the opposite of a sunk cost? A “sunk gain”? ### Answer: In the second example you are giving up future free cash flows in exchange for a capital gain on the original investment. With that res...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a Master Limited Partnership (MLP) & how is it different from plain stock? ### Answer: MLP stands for master limited partnership. Investors who buy into one are limited partners, rather than s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How come we can find stocks with a Price-to-Book ratio less than 1? ### Answer: Book value = sell all assets and liquidate company . Then it's the value of company on book. Price = the value at which ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why should one only contribute up to the employer's match in a 401(k)? ### Answer: Early this year I wrote an article Are you 401(k)o’ed? I described the data from a 401(k) expense survey and the pun...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do banks finance shared construction as mortgages instead of financing it directly and selling the apartments in a building? ### Answer: Remember that risk should correlate with returns, in an inv...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Transfer $50k to another person's account (in California, USA) ### Answer: A non-cash transaction will not be a problem. The bank will have to fill out federal paperwork if there are large amounts of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do put option prices go higher when the underlying stock tanks (drops)? ### Answer: Options pricing is based on the gap between strike and the current market, and volatility. That's why the VIX, a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I am the sole owner of an LLC. Does it make a difference if I file as an S-Corp or a sole-member LLC? ### Answer: Be careful of the other answers here. Many are wrong or partially wrong. The question ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I use hedging strategies to manage my wealth? ### Answer: Hedging strategies are used by investors to reduce their exposure to risk in the event that an asset in their portfolio is subject to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a government-mandated resource that lists the shareholders of a public company? ### Answer: There are several problems with trying to get this data: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Renters Liability in Case of Liability Claims for Property Damage or Fire ### Answer: The truth is anyone can sue anyone for anything. So yes you could be sued, but the more important part to measure...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you measure the value of gold? ### Answer: Gold may have some "intrinsic value" but it cannot be accurately determined by investors by any known valuation techniques. In fact, if you were to ap...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a wealthy investor invest in or make a deal with a company before it goes public / IPO? ### Answer: IPO is "Initial Public Offering". Just so you know. The valuations are done based on the company...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can rent be added to your salary when applying for a mortgage? ### Answer: I am in Australia, but I think the banks in the UK would use similar wrkings. Your options 1 and 2 are basically no. Why woul...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment for beginners in the United Kingdom ### Answer: a) Go to Money super market and compare all the share dealing accounts and choose one to your liking. b) That depends on one's own circumstan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I cosigned for a friend who is not paying the payment ### Answer: I came across such a situation and I am still facing it. My friend borrowed my credit card for his expenses as he had misplaced his de...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Put idle savings to use while keeping them liquid ### Answer: Provide you are willing to do a bit of work each month, you should apply for a "rewards checking" account. Basically these accounts requi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are prepayment penalties for mortgages normal? ### Answer: It's not uncommon to have a small penalty if you pre-pay the mortgage in a short time. After all, making the loan isn't free for the bank. B...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: After consulting HR Block, are you actually obligated to file your taxes with them, if they've found ways to save you money? ### Answer: As I have worked for H&R Block I know for a fact that they reco...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What effect would a company delisting from the LSE to move to china have on shareholders? ### Answer: You would still be the legal owner of the shares, so you would almost certainly need to transfer t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does Technical Analysis work or is it just a pointless attempt to “time the market”? ### Answer: The study of technical analysis is generally used (sometimes successfully) to time the markets. There a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I record invoices in foreign currency in GNUCash? ### Answer: The solution I've come up with is to keep income in CAD, and Accounts Receivable in USD. Every time I post an invoice it promp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is being a landlord a good idea? Is there a lot of risk? ### Answer: Buying a property and renting it out can be a good investment if it matches your long term goals. Buying an investment property is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I consider my investment in a total stock market fund “diverse”? ### Answer: Typically investing in only two securities is not a good idea when trying to spread risk. Even though you are in the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do wire transfers get settled? ### Answer: Wire transfers normally run through either the Fedwire system or the Clearing House Interbank Payments System (CHIPS). The process generally works like t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the least risky investment for people in Europe? ### Answer: First of all, congratulations on saving some money. So many people these days do not even get that far. As far as investments, what ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When would one actually want to use a market order instead of a limit order? ### Answer: After learning about things that happened in the "flash crash" I always use limit orders. In an extremely rare ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do you have to be mega-rich to invest in companies pre-IPO? ### Answer: No you don't have to be super-rich. But... the companies do not have to sell you shares, and as others mention the government a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does SIPC protect securities purchased in foreign exchanges? ### Answer: I'll give it a shot, even though you don't seem to be responding to my comment. SIPC insures against fraud or abuse of its memb...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Estimate probability distribution of profit on investment ### Answer: There is no simple answer to that, because no one knows exactly what the probability distribution of S&P 500 returns is. Here is a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Canadian dividend tax credit: Why is it that someone can earn a lot in dividends but pay no/little tax? ### Answer: Basically, yes. That doesn't mean that it's easy to do. The government provides ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: FX losses on non-UK mortgage for UK property - tax deductable? ### Answer: I spoke to HMRC and they said #1 is not allowable but #2 is. They suggested using either their published exchange rates or I ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is stock dilution legal? ### Answer: If that company issues another 100 shares, shouldn't 10 of those new 100 shares be mine? Those 100 shares are an asset of the company, and you own 10% of them....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I pay off my private student loans that have a lot of restrictions? ### Answer: The one thing that I saw in here that raised a big red flag is that you said you "overpaid" on your interest....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are interest rates on saving accounts so low in USA and Europe? ### Answer: Some comments above are inaccurate. Advertised interest rates for deposits and savings in Russia (from Russian banks) ar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Comparing the present value of total payment today and partial payments over 3 months ### Answer: What's the present value of using the payment plan? In all common sense the present value of a loan is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will paying off my car early hinder my ability to build credit? ### Answer: 1) How long have you had the car? Generally, accounts that last more than a year are kept on your credit report for 7 years...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 1.4 million cash. What do I do? ### Answer: For now, park it in a mix of cash and short term bond funds like the Vanguard Short Term Investment Grade fund. The short term fund will help with the infla...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Value of a collateralized asset ### Answer: You're not missing any concepts! It sounds like you are contributing a piece of collateral to the business, and you want to know a fair way to value how muc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will one’s education loan application be rejected if one doesn't have a payslip providing collateral? ### Answer: A bank can reject a loan if they feel you do not meet the eligibility criteria. You c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I were to get into a life situation where I would not be able to make regular payments, do lenders typically provide options other than default? ### Answer: I would say generally, the answer is No....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can one protect oneself from a dividend stock with decreasing price? ### Answer: A specific strategy to make money on a potentially moderately decreasing stock price on a dividend paying stock is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a subsidy? ### Answer: It means a government giving out money to encourage a particular product (or service) to be bought or sold. Some people will use the word more loosely to refer to any fi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are parking spaces and garage boxes a good investment? ### Answer: No no no no!!!! Do not spend 25k on a damn slab of concrete when you don't even own the land! You are not "truly" the owner unless y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: why is buying trading-stock from cash not regarded as an expense? ### Answer: Because the stock still has the same value as the money paid for it - you are just exchanging one asset for another (of co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How exactly does dealing in stock make me money? ### Answer: You can make money via stocks in two primary ways: Note that there's no guarantee of either. So it may very well not make you money. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is money actually made from the buying or selling of options? ### Answer: Today SPY (The S&P ETF) trades at $128. The option to buy at $140 (this is a Jan '13 call) trades for $5. I buy the call,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do investors buy stock that had appreciated? ### Answer: People buy stocks with the intention of making money. They either expect the price to continue to rise or that they will get dividends and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What risk of a diversified portfolio can be specifically offset by options? ### Answer: As I stated in my comment, options are futures, but with the twist that you're allowed to say no to the agreed-o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it smarter to buy a small amount of an ETF every 2 or 3 months, instead of monthly? ### Answer: I personally invest in 4 different ETFs. I have $1000 to invest every month. To save on transaction...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does technical analysis work on small stock exchanges? ### Answer: Assuming that you accept the premise that technical analysis is legitimate and useful, it makes sense that it might not work for a sm...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Looking to buy a house in 1-2 years. Does starting a Roth IRA now make sense? ### Answer: With a Roth IRA, you can withdraw the contributions at any time without penalty as long as you don't withdraw ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do large market players using HFT make it unsafe for individual investors to be in the stock market? ### Answer: I don't think that HFT is a game-changer for retail investors. It does mean that amateu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the reasons to get more than one credit card? ### Answer: Many reasons mentioned already. The reason why I have multiple is missing: I have a personal card for my private use and a company ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I get a wholesaler ID number? ### Answer: Small businesses are often governed by local regulations and state law. In a low liability small quantity arena, you should be able to get away with a...