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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Conservative ways to save for retirement? ### Answer: Buy gold, real coins not paper. And do not keep it in a bank. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros/cons for buying gold vs. saving money in an interest-based account? ### Answer: Just because gold performed that well in the past does not mean it will perform that well in the future. I'm not s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much of a down payment for a car should I save before purchasing it? ### Answer: Do you need the car, or is this an optional purchase for you? Do you currently have a car that is in good working ...
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: In many countries, giving something free to the employee is considered a taxable income equivalent, and taxes have ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying insurance (extended warranty or guarantee) on everyday goods / appliances? ### Answer: I decline politely. The cost of the insurance policy has two components: The actual cost of a likely rep...
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: Consider that however high your credit score gets, there is a 'worst piece of it'. The automated software will...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying off a loan with a loan to get a better interest rate ### Answer: I don't know what rates are available to you now, but yes, if you can refinance your car at a better rate with no hidden fees, y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the very long-term growth of the stock market bound by aggregate net income? ### Answer: I am a believer in that theory. My opinion is that over the long term, we can expect 25% of income to reflec...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment options for f1 visa students in USA ### Answer: There's no limitation on what you can invest in, including trading stocks (as long as trading is not a business activity, like day-trading or...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shares; are they really only for the rich/investors? ### Answer: I think small sums invested regularly over long-term can do good for you, things to consider: I would go with an index fund and contri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a foreclosed property ### Answer: No, it is not true. It depends on the market, the banks' inventory, the original debt that was owed, etc etc. The banks generally want to recover their money, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Received mysterious K-1 form, seeking answers ### Answer: You should contact the company and the broker about the ownership. Do you remember ever selling your position? When you look back at your tax ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are estimated taxes due “early” for the 2nd and 3rd quarters only? ### Answer: Here's an answer copied from https://www.quora.com/Why-is-the-second-quarter-of-estimated-quarterly-taxes-only-two-m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to quantify differences in return with low expense ratio vs high expense ratio mutual funds? ### Answer: Yes you should take in the expenses being incurred by the mutual fund. This lists down the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is buying a home a good idea? ### Answer: IF the price of the property (1) increases A LOT, you will just break even, on the huge expenses of home owning. IF the price of the property (2) increases A ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you find reasonably priced, quality, long lasting clothing? ### Answer: According to this http://shine.yahoo.com/event/financiallyfit/cheapest-days-to-shop-online-2301854/ Tuesday is the best d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does “a stock pays a dividend of 3%” mean? ### Answer: It means a 3% return on the value of the stock. If a stock has a $10 share price, the dividend would be $0.30. Normally though, the dividend...
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: Grade 'Eh' Bacon answers it well, the issue is risk. To exp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the disadvantages of using a small leverage? ### Answer: The major drawback to borrowing to invest (i.e. using leverage) is that your return on investment must be high enough to overcome the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which practice to keep finances after getting married: joint, or separate? ### Answer: My wife and I maintain seperate accounts. We have the bills split between us so that certain bills are paid by on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to start with personal finance? ### Answer: Personal finance is a fairly broad area. Which part might you be starting with? From the very basics, make sure you understand your current cashflow:...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where do I find the exercise price and date for warrants? ### Answer: I agree that a random page on the internet is not always a good source, but at the same time I will use Google or Yahoo Finance to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Working on a tax free island to make money? ### Answer: If you're an American, and willing to give up citizenship, good luck to you. Otherwise, Uncle Sam still wants his due -- Americans are responsi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Refinancing a vehicle, longer term with extra in the kitty, or shorter term and just make scheduled payment? ### Answer: It really depends on the answers to two questions: 1) How tight is your budget ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock doesn't pay dividends, then why is the stock worth anything? ### Answer: If so, then if company A never pays dividends to its shareholders, then what is the point of owning company A's stoc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: United Kingdom: Where to save money for a property deposit ### Answer: Ultimately you are as stuck as all other investors with low returns which get taxed. However there are a few possible mitigations...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: US Banks offering Security Tokens in 2012 ### Answer: Bank of America "safe-pass" generates a code that is sent to your phone as a text message. Its an optional feature, this happens during log in, if...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should residents of smaller economies allocate their portfolio between domestic and foreign assets? ### Answer: why should I have any bias in favour of my local economy? The main reason is because...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to pay bills for one month while waiting for new job? ### Answer: What is my best course of action, trying to minimize future debt? Minimizing expenses is the best thing you can do. The first step...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I want to invest in Gold. Where do I go and buy it? ### Answer: Without getting into whether you should invest in Gold or Not ... 1.Where do I go and make this purchase. I would like to get the best p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making higher payments on primary residence mortgage or rental? ### Answer: You're in the same situation I'm in (bought new house, didn't sell old house, now renting out old house). Assuming that ever...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I pay off my credit card balance to free up available credit? ### Answer: Banks only send your balance to credit bureaus once a month; usually a few days after your statement date. Thus, as long ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What actions should I be taking to establish good credit scores for my children? ### Answer: My son who is now 21 has never needed me to cosign on a loan for him and I did not need to establish any so...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Remit money to India from balance transfer of credit card ### Answer: As Dheer has already told you in his answer, your plan is perfectly legal, and there are no US tax issues other than making sure t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does it make any sense to directly contribute to reducing the US national debt? ### Answer: The US national debt isn't the problem. If the Bush-era tax cuts had been allowed to expire then US debt wou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Suitable Vanguard funds for a short-term goal (1-2 years) ### Answer: If you want to invest in the stock market, whether over a shorter period of 1 to 2 years or over a longer period of 10 or 20 years...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would there be tax implications if I used AirBnB as opposed to just renting out a unit normally? ### Answer: Given your clarifying comment that you're asking about the length of stay rather than AirBn...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Recourse with Credit Card company after victimized by fraud? ### Answer: Concealing parts of a document in order to obtain a signature is illegal. The company committed signature forgery because they ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any real purpose in purchasing bonds? ### Answer: You ask a question, "Is there any real purpose in purchasing bonds?" and then appear to go off on a rant. Before the question is closed by me...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Safe method of paying for a Gym Membership? ### Answer: New York state actually has laws protecting gym members from predatory gym membership pricing. Your state may also have laws like that as well....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would open source credit score formulas be feasible? ### Answer: The major bureaus use the Fair Isaac scoring model, for the most part. Here's an excerpt from a web site (Versions of the FICO scoring...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a bid and ask price exist for indices like the S&P500? ### Answer: You can trade an index by using a Contract For Difference, or CFD. Various brokers offer this method and the spreads are quite l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good rental yield? ### Answer: A good quick filter to see if a property is worth looking at is if the total rent for the property for the year is equal to 10% of the price of the property. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference between buying bonds and buying bond funds for the long-term? ### Answer: A bond fund will typically own a range of bonds of various durations, in your specific fund: The fund ho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Some stock's prices don't fluctuate widely - Is it an advantages? ### Answer: Apart from making money from the price difference, some stocks also give dividends, or bonus issues. For long term investo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros & cons in Hungary of investing retirement savings exclusively in silver? What better alternatives, given my concerns? ### Answer: I think precious metals as an investment might set one up for dis...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trying to figure out my student loans ### Answer: Is there anything here I should be deathly concerned about? A concern I see is the variable rate loans. Do you understand the maximum rate they can ge...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to determine how much to charge your business for rent (in your house)? ### Answer: In Canada I think you'd do it as a % of square footage. For example: Then you can count 20% of the cost of the o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to know before purchasing Individual Bonds? ### Answer: A few points that I would note: Call options - Could the bond be called away by the issuer? This is something to note as some bonds may end...
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? In 1847 four states - Mississippi, Arkansas, Michigan, and Flo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: No transaction fee ETF trades - what's the catch? ### Answer: what is the mechanism by which they make money on the funds that I have in my account? Risk drives TD Ameritrade to look for profits, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculating Future Value: Initial deposit and recurring deposits of a fixed but different Value ### Answer: Illustrating with a shorter example: Suppose I deposit 1,000 USD. Every year I deposit anot...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Car Loan upside down--refinance before selling? ### Answer: As for refinancing: Many institutions charge up-front fees when doing any type of vehicle loan. Typically this is in the neighborhood of 1% ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is investing exlusively in a small-cap index fund a wise investment? ### Answer: Stock portfolios have diversifiable risk and undiversifiable risk. The market rewards investors for taking undiversifi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Offsetting capital losses against gains for stocks ### Answer: The loss for B can be used to write off the gain for A. You will fill out a schedule 3 with cost base and proceeds of disposition. This...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where do countries / national governments borrow money from? ### Answer: The answers provided so far as good and informative, but I just thought I'd add one small point... There are super-national org...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For net worth, should I value physical property at my cost to replace it, or the amount I could get for selling it? ### Answer: My opinion: including the value of depreciating property one owns in a n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to check the paypal's current exchange rate? ### Answer: FYI, just found this (https://www.paypal.com/webapps/mpp/ua/useragreement-full#8) "8.9 Currency Conversion Currency Conversion 2.5% added t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I calculate the opportunity cost of using a 401(k) loan? ### Answer: One way to analyze the opportunity cost of using a 401K loan would be to calculate your net worth after using a 401K loa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What choices should I consider for investing money that I will need in two years? ### Answer: Never invest money you need in the short term. As already suggested, park your money in CDs. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are options created? ### Answer: In general economic theory, there are always two markets created based on a need for a good; a spot market (where people who need something now can go outbid other...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you explain the mechanism of money inflation? ### Answer: In simple terms, inflation is a result of too much money chasing too few goods, i.e. there is an imbalance between demand and supply. The ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are 'no interest if paid in in x months' credit cards worth it? ### Answer: It has been reported in consumer media (for example Clark Howard's radio program) that the "no interest for 12 months" contr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are RSUs ever taxed as long term capital gains? ### Answer: Yes. You incur income tax on the RSU on they date they vest. At this point you own the actual shares and you can decide to sell them or to h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I report my RSUs in my tax return ### Answer: Here's an article on it that might help: http://thefinancebuff.com/restricted-stock-units-rsu-sales-and.html One of the tricky things is that y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As a 22-year-old, how risky should I be with my 401(k) investments? ### Answer: Current evidence is that, after you subtract their commission and the additional trading costs, actively managed funds a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't forced buy-ins of short sold stock happen much more frequently? ### Answer: For the lenders to sell their positions they need buyers on the other side. For a large brokerage that means they ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I have to pay income tax on contribution to home office rent from company? ### Answer: This is essentially a reimbursement of your expense. Since you can deduct the expense, the fact that the r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to check the paypal's current exchange rate? ### Answer: Whenever you pay or withdraw some fund from your account, paypal takes approx 3% of the current currency value along with the fees. i.e. If...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I deduct work equipment I am not required to purchase by my employer? ### Answer: No, you cannot. You can only deduct expenses that the employer required from you, are used solely for the employer...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What forms of payment am I compelled to accept? ### Answer: The confusion comes from ambiguity in popular belief -- that businesses are required to accept x_y_x as payment. In reality, a business can ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do financial services aimed at women differ from conventional services? ### Answer: Less so today, but there was a time that women played a smaller role in the household finances, letting the husb...
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: Another option, not yet discussed here, is to allow the loan to go into default and let the loaning agency repossess the property the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When should I open a “Line of credit” at my bank? ### Answer: With the information you have given, I would say never. Remember the banker is a salesman, and the line of credit is the product. If you d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I set a stop loss for long term investments? ### Answer: Patience is the key to success. If you hold strong without falling to temptations like seeing a small surge in the price. If it goes dow...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a measure that uses both cost of living plus income? ### Answer: But what if I am getting paid salary from a source in India? In other words, it may be that in India a research assistant at a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Brokerage account for charity ### Answer: I don't understand the logic in the other answer, and I think it doesn't make sense, so here is my take: You pay taxes on income, not on sales price. So if yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why diversify stocks/investments? ### Answer: Any investor can make a bad bet, even Buffett. Even if you have done every bit of research on an investment possible you are exposed to random external ev...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: File bankruptcy, consolidate, or other options? ### Answer: A couple of thoughts from someone who's kind of been there... Is the business viable at all? A lot of people do miss the jumping-off point w...
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: Assuming what is taking you over budget are not essential costs such as fuel bills, food, mortgage etc. you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it easier for brokers to find shares to short in premarket? ### Answer: The shares available to short are a portion of those shares held by the longs. This number is actually much easier to determi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I default on my private student loans if I was an international student? ### Answer: What are the consequences if I ignore the emails? That would depend on how much efforts the collection agency i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is an exercise price in regards to restricted stock awards? ### Answer: It's still the purchase price or the price at which the shares are purchased or granted. This Investopedia article describe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How risky is it to keep my emergency fund in stocks? ### Answer: Keeping your “big emergency” fund in stocks if you have 12 months income saved is OK. However you should keep your “small emergency” ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I deal with a mistaken attempt to collect a debt from me that is owed by someone else? ### Answer: Do not provide any personal information. If the debt is not yours, ask the caller to provide a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Canada discount stock brokers: Interactive Brokers vs. Questrade? ### Answer: I have had accounts at both IB and Questrade. Whatever you've heard about Questrade, sadly much of it is true pertaining t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For very high-net worth individuals, does it make sense to not have insurance? ### Answer: I'm going to take a very crude view of this: Suppose that you have an event that would cost $100,000 if it oc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ways to establish credit history for international student ### Answer: I came to US as an international student several years ago, and I have also experienced the same situation like most of the inter...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I use my non-tax advantaged investment account to pay off debt? ### Answer: You could pay off a portion of the debt and your minimum payments should also go down proportionately. Your investme...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the purpose of the wash sale rule? ### Answer: Overall the question is one of a political nature. However, this component can have objective answers: "What behavior is trying to be prevented...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Optimal pricing of close to zero marginal cost content ### Answer: With near zero marginal cost, and infinite supply, your prices are going to be decided by entry cost, competition, and what the marke...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: OTC Markets, Time, and Trading ### Answer: Something to consider is that in the case of the company you chose, on the OTC market, that stock is thinly traded and with such low volume, it can be easy f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't SPY, SPX, and the e-mini s&p 500 track perfectly with each other? ### Answer: As a futures trader, I can tell you that the highs and lows for the ES futures diverge simply because they trade...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can individuals day-trade stocks using High-Frequency Trading (HFT)? ### Answer: Yes you can, but to do so successfully, you need lots of money. You also need to be able to meet the criteria for being...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: ~$75k in savings - Pay off house before new home? ### Answer: With an annual income of $120,000 you can be approved for a $2800 monthly payment on your mortgage. The trickier problem is that you will ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When a company liquidates, are earlier investors paid back first? ### Answer: All shares of the same class are considered equal. Each class of shares may have a different preference in order of repaym...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do companies have a fiscal year different from the calendar year? ### Answer: My grandfather owned a small business, and I asked him that very question. His answer was that year-end closeout is v...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are mortgage payments decided? [duplicate] ### Answer: It has nothing to do with forcing people to pay off their debt; in that case it would make better sense to have people pay off debt rather th...
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: I am neither a lawyer nor a tax accountant, and if you're dealing with serious money I suggest you consult a professional. But my understanding is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I use a credit repair agency? ### Answer: My sister had a similar problem and went to an actual lawyer, not a "credit repair agency". The lawyers settled her debt for a lot less than she owed...