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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a lower threshold for new EU VAT changes coming 1 Jan 2015 related to the sale of digital goods? ### Answer: Been digging through all the EU VAT directives and have called HMRC as well.. Ther...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Free Historical Commodity Prices in txt? ### Answer: At indexmundi, they have some historical data which you can grab from their charts: It only has a price on a monthly basis (at least for the 25 yea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If NYSE has market makers, what is the role of NYSE ARCA which is an ECN ### Answer: Electronic trading is many orders of magnitude cheaper and more liquid than floor trading and is rapidly displacing...
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: You promised to pay the loan if he didn't. That was a commitment, and I recommend "owning" your choice and following it through to it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to find historical quotes for the Dow Jones Global Total Stock Market Index? ### Answer: A number of places. First, fast and cheap, you can probably get this from EODData.com, as part of a hist...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does a CFP do? ### Answer: CFP stands for "Certified Financial Planner", and is a certification administered by the CFP board (a non-government non-profit entity). This has nothing to do with ins...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I register for VAT to claim back VAT without selling VAT applicable goods? (UK) ### Answer: IANAL, I have not been VAT registered myself but this is what I have picked up from various sources. You...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is good growth? ### Answer: There isn't a single hard and fast return to expect. Securities, like all things in a free market, compete for your money. As the Fed sets the tone for the market with...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I make money in the stock market from other people losing money? ### Answer: There's really not a simple yes/no answer. It depends on whether you're doing short term trading or long term investing...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying Off Principal of Home vs. Investing In Mutual Fund ### Answer: The mathematically correct answer is to invest, because you'll get a higher rate of return. I think that answer is bunk -- owning ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the common income tax deductions used by “rich” salaried households? ### Answer: The $250K and up are not one homogeneous group. The lower end of this group benefits from normal Schedule A it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In a competitive market, why is movie theater popcorn expensive? ### Answer: Theaters make pennies off the tickets if any money at all. Their profits come from the concession stand. If a theater price...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Good book-keeping software? ### Answer: You can try Wave Accounting. Its a free software for Small Business and web-based. http://waveaccounting.com/ ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Helping girlfriend accelerate credit score improvement ### Answer: This is an all too common problem and is not easy to resolve. Divorce agreements do not alter prior mortgage contracts. Most importan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My Co-Signer is the Primary Account Holder for my Car Loan - Does this affect my credit? ### Answer: It sounds like your father got a loan and you are making the payments. If your name and SSN are no...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to transfer stock I already own into my Roth IRA without having to sell the stock? ### Answer: No. A deposit to an IRA must be in cash. A conversion from traditional IRA to Roth can be ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do common stocks and preferred stocks have any differences in terms of percentage of the company per unit they represent? ### Answer: Preferred stocks are, err... Preferred. The whole point of preferr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Short Selling Specific to India ### Answer: In India the Short is what is called in other markets call as "Naked Short" [I think I got the right term]. It means that you can only short sell intra day ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 2 401k's and a SEP-IRA ### Answer: Please note that if you are self employed, then the profit sharing limit for both the SEP and Solo 401(k) is 20% of compensation, not 25%. There is no need for a SEP...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I wait a few days to sell ESPP Stock? ### Answer: An instant 15% profit sounds good to me, so you can't go wrong selling as soon as you are able. Here are a couple other considerations: Tax imp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does gold have value? ### Answer: A lot of people probably don't agree with him, but Warren Buffett has some great quotes on why he doesn't invest in gold: I will say this about gold. If you took ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing $50k + Real Estate ### Answer: I have been on the same boat as you are right now. So basically, it depends on your goals, risk tolerance, upcoming life events! You want a plan not just for t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Double-entry accounting: how to keep track of mortgage installments as expenses? ### Answer: If your mortgage is an interest only one then the full amount of the payment you make should be to an expen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Option Trading / Demo Account ### Answer: How would this trade behave IRL? I don't know how the simulation handles limit orders and bid/ask spreads to know it's feasible, but buying at 4.04 when the c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to work around the Owner Occupancy Affidavit to buy another home in less than a year? ### Answer: In your particular condition could buy the condo with cash, then get your mortgage on your next ho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Purchase same stock twice ### Answer: how does the trading company know which one I want to sell? It doesn't need to know. You just sell one. From taxation point of view depending on the country / tax...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My investment account is increasingly and significantly underperforming vs. the S&P 500. What should I do? ### Answer: Fire your fund manager. There are several passive funds that seek to duplicate th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When a stock price goes down, does the money just disappears into thin air? ### Answer: Price and value are two different things. Price is determined by supply and demand. Value does affect the demand...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is OkPay not allowed in the United States? ### Answer: If you read the link that MD-Tech provided, it actually indicates that the foreign companies (mostly banks) are choosing not to work with the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why have I never seen a stock split? ### Answer: If you want to see one split, well, a reverse split anyway, keep an eye on TZA, FAZ, BGZ, and any Direxion fund. These funds decay continuously foreve...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Income tax on my online drop-shipping business (India) ### Answer: Please consult a tax advisor. You may be voilating the FEMA [Foreign Exchange Management Act] and can land into trouble. Further w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Company A is buying company B, what happens to the stock? ### Answer: I think the correct statement is that Expedia wants to buy Orbitz for $12/share. The market price is $11, which means there is som...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Organizing Expenses/Income/Personal Finance Documents (Paperless Office) ### Answer: If you're curious, here are my goals behind this silly madness You said it... The last two words, I mean...:-) If y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Discussing stock and stock index movement: clarifying percentage vs. points? ### Answer: I think that the general public is conditioned to think more in terms of points rather than percentages, so tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can extra mortgage payments be made to lower the monthly payment amount? ### Answer: Some types of loans allow for reamortization (recasting) - which does exactly what you're talking about (making a b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Claiming business expense from personal credit card ### Answer: There is no law that requires you to have a separate bank account for your business, or to pay all expenses from a business bank account...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a trade happen “in between” the bid and ask price? ### Answer: Re: A trader when buying needs to buy at the ask price and when selling needs to sell at the bid price. So how can a trade happen '...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I fund a move by borrowing or selling other property assets? ### Answer: It is a lot easier to make money when you are not in debt. If you can sell the apartment, get rid of your existing mortg...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sage Instant Accounts or Quickbooks? ### Answer: Note: Specific to UK. I can't recommend anything higher than Crunch - they act as your accountant and have their own cloud accounting software, so it's...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Prepaying a loan: Shouldn't the interest be recalculated like a shorter loan? ### Answer: You seem to think that you are mostly paying interest in the first year because of the length of the loan peri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much life insurance do I need? ### Answer: Life Insurance can be a difficult decision. We have to first assess the "want" for it vs. the "need" for it, and that differs from person to person. An...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much life insurance do I need? ### Answer: If I remember the information in "The Wealthy Barber" correctly, he said: And as someone once said to me, "make sure you're worth more alive than dead!" ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When are investments taxed? ### Answer: Unless your investments are held within a special tax-free account, then every sale transaction is a taxable event, meaning a gain or loss (capital gain/loss or...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the formula for profits and losses when I delta hedge? ### Answer: You don't mention any specific numbers, so I'll answer in generalities. Say I buy a call option today, and I short the underly...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off investment property mortgage ### Answer: I would not recommend using your own money to pay off something that is not a strong asset. Use the savings where it will have the maximum ret...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Historical Stock Price Quote on delisted stock without knowing stock symbol as of quote date ### Answer: You need a source of delisted historical data. Such data is typically only available from paid...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What evidence or research suggests that mid- or small-capitalization stocks should perform better than large caps? ### Answer: I think it's safe to say that Apple cannot grow in value in the next 20 y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Risk to Reward Ratio Calculation ### Answer: If you plan to take profit at $1.00 then your profit will be $40. Then, if you set your stop at $0.88 then your loss if you get stopped will be $20. So yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why Demat/Stock Market Brokers don't support Credit Card Payin ### Answer: Most credit cards allow you to take "cash advances", but the fees and limits for cash advances are different than for regular...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I put more money down on one property and pay it off sooner or hold on to the cash? ### Answer: I'm a little confused on the use of the property today. Is this place going to be a personal res...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Help me understand Forex in Interactive Brokers ### Answer: You're confusing open positions and account balance. Your position in GBP is 1000, that's what you've bought. You then used some of it to bu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will depositing $10k+ checks each month raise red flags with the IRS? ### Answer: I do not think banks have an obligation to report any deposits to the IRS, however, they probably have an obligation t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How and why does the exchange rate of a currency change almost everyday? ### Answer: It's simply supply and demand. First, demand: If you're an importer trying to buy from overseas, you'll need fore...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any statistics that support the need for Title Insurance? ### Answer: When I bought the house I had my lawyer educate me about everything on the forms that seemed at all unclear, since this ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have savings and excess income. Is it time for me to find a financial advisor? ### Answer: Is my financial status OK? You have money for emergencies in the bank, you spend less than you earn. Yes, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I calculate ownership percentage for shared home ownership? ### Answer: Sister is putting down nothing, and paying sub-market rent. It looks to me like if she is assigned anything, it's a gift....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What do I need to be aware of if I choose to resell property early (in Alberta)? ### Answer: You will have no problem doing this for one home and living in it for one or two years. There's a recent c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Expiring 401(k) Stock Option and Liquidation Implications ### Answer: Is the parent company's common stock public? If not, then there will be absolutely no pressure from everyone liquidating at the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a small amount (e.g. $50) of stock via eToro “Social Trading Network” using a “CFD”? ### Answer: As Waldfee says, CFDs are a derivative (of the underlying stock in this case). If you are from t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is gold really an investment or just a hedge against inflation? ### Answer: The problem I have with gold is that it's only worth what someone will pay you for it. To a degree that's true with any equ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you explain why these items are considered negatives on my credit report? ### Answer: Creditworthiness is proven over time. The longer your track record of making payments on time, the more probab...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will an ETF immediately reflect a reconstitution of underlying index ### Answer: AAPL will not drop out of NASDAQ100 tomorrow. From your own quote: The fund and the index are rebalanced quarterly and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does the Fed do with the extra money it is printing? ### Answer: First of all, just for the sake of clarity, the Federal Reserve doesn't actually "print" money - that's the job of the BEP. What t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are solar cell panels and wind mills worth the money? ### Answer: To answer the investment aspect takes a bit of math. First, solar insolation numbers: This represents the average sun-hours per day f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do 10 year-old luxury cars lose so much value? ### Answer: The answer is very simple. Part of the luxury is having the cutting edge technology with the very latest features. The price premium is n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is a stop order price different from an ask price ### Answer: Stop order is triggered when the market reaches the price you set. Until then - its not on the books. Your understanding is wrong in t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Payroll reimbursments ### Answer: Not correct. First - when you say they don't tax the reimbursement, they are classifying it in a way that makes it taxable to you (just not withholding tax at that ti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I fund retirement with a static asset allocation or an age based glide path? ### Answer: I think not. I think a discussion of optimum mix is pretty independent of age. While a 20 year old may h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Definition of gross income (Arizona state tax filing requirements) ### Answer: Many states have a simple method for assessing income tax on nonresidents. If you have $X income in State A where you cl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying my first car out of college ### Answer: Buying this car would be a good idea because you will quickly learn why you feel you need a BMW (that you cannot afford). This is not an investment, but...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I buy a new house before selling my current house? ### Answer: If you can qualify for two mortgages, this is certainly possible. For this you can talk to a banker. However, most people do not qua...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm 23 and was given $50k. What should I do? ### Answer: I'd be tempted to pay off the 35k in student loans immediately, but if you have to owe money, it's hard to beat zero percent. So I don't think ...
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: Since these are specific items that you don't really want to buy, it might help to figure out what you could spend that money on that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay off credit cards in one lump sum, or spread over a few months? ### Answer: Pay them off immediately. But, as I note in my article Too Little Debt?, a zero utilization is actually a negative hit. S...
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: Another thing that "retirement" lets you do is do what you love without worrying about making enough money to live on by doing it. For ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If throwing good money after bad is generally a bad idea, is throwing more money after good Ok? ### Answer: I have heard that investing more money into an investment which has gone down is generally a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debit cards as bad as credit cards? ### Answer: This sounds more like a behavioral than a debit card issue to me TBH. Did you put the money you're putting away into a separate savings account that you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you declare an interest free loan? ### Answer: In principle, the US taxes both income and gifts. Simply thinking good thoughts is not necessarily sufficient to avoid filing or payment obligatio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is 6% too high to trade stocks on margin? ### Answer: Yes, 6% is a waste of money, because some other brokers such as IB offer margin rates below 2%. Also, to borrow money for even less than any bro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When will the U.K. convert to the Euro as an official currency? ### Answer: When economies are strong, it is particularly alluring to have a single currency as it makes trade and tourism simpler and h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock trading after a crash ### Answer: If the stock has dropped from $10 to $2 and now is range trading between $2 and $3, and you were not able to sell your shares earlier, then I would no be holdin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to the put option (longer expiration) of a collar if the call gets assigned? ### Answer: The put will expire and you will need to purchase a new one. My advise will be that the best thing...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a general guideline for what percentage of a portfolio should be in gold? ### Answer: It depends on what your goals are, your age, how much debt you have, etc. Assuming -- and we all know wha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Comprehensive tutorial on double-entry personal finance? ### Answer: I had to implement a simplistic double-entry accounting system, and compiled a list of resources. Some of them are more helpful tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock is selling for less than book value, is the company headed for bankruptcy? ### Answer: An answer can be found in my book, "A Modern Approach to Graham and Dodd Investing," p. 89 http://www....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why will the bank only loan us 80% of the value of our fully paid for home? ### Answer: Banks and lenders have become a bit more conservative since the housing crisis. 80% is a typical limit. The reas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: USA H1B Employee - Capital gains in India from selling selling stocks ### Answer: the demat account that I have in India is not an NRI account. Since I was not sure how long I would be in the US, I ne...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a portfolio of long stocks and short futures generate profits ### Answer: I know some derivative markets work like this, so maybe similar with futures. A futures contract commits two parties...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Bitcoin a commodity or a currency [duplicate] ### Answer: Its neither. Its a scam. there's no value underlying it, and it has proven to be the most speculative and untrustworthy investment there is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can someone explain the Option Chain of AMD for me? ### Answer: The buyer pays $1.99/share for the option of selling a share of AMD to the seller for $10 which is currently $1.94 higher than the price...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Confirming that stocks are listed under my name ### Answer: Street name is not what you think it is in the question. The broker is the owner in street name. There is no external secondary owner info...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: is the bankruptcy of exchange markets possible? ### Answer: @MichaelBorgwardt gave an excellent answer. Let me add a little analogy here that might help. Suppose you bought a car from Joe's Auto Sales...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What effect would sovereign default of a European country have on personal debt or a mortgage? ### Answer: Patrick, This article points out three likely effects (direct and indirect) sovereign default...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The doctor didn't charge the health insurance in time, am I liable? ### Answer: I was in a similar situation years back and I refused to pay the bill. My point of view was that I provided the hospital...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to distinguish gift from payment for the service? ### Answer: Most people will never need to pay federal gift taxes. The federal gift taxes start after giving away 5.34 million over the course of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does Warren Buffett say his fund performance, relatively, is likely to be better in a bear market than in a bull market? ### Answer: If I have $100 and put it under the bed it will return 0%. Rel...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If throwing good money after bad is generally a bad idea, is throwing more money after good Ok? ### Answer: I have heard that investing more money into an investment which has gone down is generally...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should the price of fuel in Australia at this point be so high? ### Answer: Fuel prices are regulated in most countires. The way its regulated differs. Essentially the idea is once the retail prices a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How accurate is Implied Volatility in predicting future moves? ### Answer: A change in implied volatility tells us something about what investors are thinking (or fearing) about the volatility going f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock market vs. baseball card trading analogy ### Answer: Actually, this is a pretty good analogy to certain types of stocks, specifically tech and other "fad" stocks. Around the turn of the century,...