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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any difference between buying a few shares of expensive stock or a bunch of cheap stock ### Answer: There is no difference between more shares of a relatively cheaper stock and less shares of a relati...
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: The majority (about 80%) of mutual funds are underperforming their underlying ind...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the correct answer for percent change when the start amount is zero dollars $0? ### Answer: Anyone who has any business looking at growth numbers will know thay are meaningless in the first ye...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a company has already IPO'ed and sold its shares, what is the incentive to keep making money? ### Answer: Because people bought their shares under the premise that they would make more money and if...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would parking at a parking lot near or in my residence prevent me from paying for it with my transit FSA? ### Answer: No, it doesn't look like you can use the employee benefit to pay for parking near ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I want a Credit Card offered through a different Credit Union should I slowly transition my banking to that CU? ### Answer: I don't have an account with either of those CUs, but I do have membershi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How important is disability insurance, e.g. long-term, LTD? Employer offers none ### Answer: (My wife works for an insurance broker in the US, so take that grain of salt with my answer) Disability ins...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do used vehicle exchange programs at car dealerships work? ### Answer: Yikes! Not always is this the case... For example, you purchased a new car with an interest rate of 5-6%or even higher... Why...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to transfer money to yourself internationally? ### Answer: Transferwise is a new peer-to-peer service that's setup to lower fees for international money transfers: https://transferwise.com ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the general principle behind choosing saving vs. paying off debt? ### Answer: Debt creates risk. Plain and simple. Comparing interest rates of debt vs. possible investing. To me, it is all m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good way to save money on car expenses? ### Answer: Apparently, if you keep your tires' air filled to the recommended level, your car will burn less gas. I loved this article at WikiHow, w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As an independent contractor, should I always charge the client the GST/HST? ### Answer: Hourly rate is not the determinant. You could be selling widgets, not hours. Rather, there's a $30,000 annual ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do currency markets work? What factors are behind why currencies go up or down? ### Answer: According to Soros in "The Alchemy of Finance", exchange rates fluctuations are mostly influenced by: (s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any truth to the saying '99% of the world's millionaires have become rich by doing real estate'? ### Answer: 78.84% of statistics are made up on the spot. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there legal reason for restricting someone under 59-1/2 from an in-service rollover from a 401K to an IRA? ### Answer: Yes, this is restricted by law. In plain language, you can find it on the IRS...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best asset allocation for a retirement portfolio, and why? ### Answer: It's all about risk. These guidelines were all developed based on the risk characteristics of the various asset categ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should you always max out contributions to your 401k? ### Answer: As long as you're in a lower tax bracket - you would probably be better off paying the taxes now, and investing into the Roth IRA/401K...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: To whom should I report fraud on both of my credit cards? ### Answer: First thing to do when you notice a credit card fraud is to call the respective banks who issues the credit card and most banks im...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Overpaid Rent Owed By Real Estate ### Answer: Have you tried complaining to the Real Estate Institute in your state, and if that doesn't work try taking them to Fair Trading. I know from doing some wo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Self Employed, but not required to pay estimated taxes? ### Answer: The annualized method allows you to take a look at each quarter independently and pay the tax in the quarter that you earned it. -- ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any online personal finance software without online banking? ### Answer: neobudget.com is a website that does exactly what you are describing. It is set up for electronically using the envelo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ways to save for child's college education where one need not commit to set contributions? [duplicate] ### Answer: 529 plans. They accumulate earnings over time and by the time your child goes to col...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does gold have value? ### Answer: Everything is worth what its purchaser will pay for it. --Publilius Syrus. Gold has value because people want to buy it. Electronics manufacturers like the fact ...
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: The answer is to your question is somewhat complicated. You will be unable to compete with the firms traditionally asso...
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: If you are looking to re-invest it in the same company, there is really no difference. Please be aware that whe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it wise to switch investment strategy frequently? ### Answer: My super fund and I would say many other funds give you one free switch of strategies per year. Some suggest you should change from hi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I am a contractor with revenue below UK's VAT threshold. Should I register for VAT? ### Answer: (1) Should I register for VAT?  – If it is below the threshold amount it is purely voluntary. If you re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Challenged an apparently bogus credit card charge, what happens now? ### Answer: Yes. For $15 it's not worth anyone's time to dig deep just for this specific occurrence. What you should do, however, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why invest in becoming a landlord? ### Answer: There are at least three important aspectss missing from your equation. However they come with some uncertainty as one typically cannot tell the future p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will getting a new credit card and closing another affect my credit? ### Answer: I once called Amex to cancel a card with an annual fee. Instead, they were able to give me a different card with no fee...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do rich people guarantee the safety of their money, when savings exceed the FDIC limit? ### Answer: Even assuming hypothetically that you are able to split money in different bank accounts to get ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to invest for the event of a US default? ### Answer: Lots of opportunities during threats to US debt demand. Most just involve being short the S&P or long the VIX (or short treasury bond futures, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How To Report Cryptocurrency Earnings? ### Answer: While this does fall under the "All-inclusive income" segment of GI (gross income), there are two questions that come up. I invested in a decentrali...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit card statement dates follow pattern? ### Answer: Check with your bank, usually a statement is either at the same day of month (e.g.: every 15th of the month), or every 30 days (e.g: March 15th,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can publicly traded profits go but to shareholders via dividends? ### Answer: If a company earns $1 Million in net profit (let's say all cash, which is not entirely realistic), it can do one of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to make money by getting a mortgage? ### Answer: The likely reason the mortgage is "tricky to get" is the adviser is probably recommending an interest-only mortgage in which there is no...
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: It has properties of both. Tax authorities will eventually give their opinion on this. Through its properties of finite quantity, fungibi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: College student - I'm a 'dependent' and my parents won't apply for the Parent PLUS loan or cosign a private loan ### Answer: My son is in a similar situation where he is 21 and in college. My wife and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Splitting Hackathon Prize Money to minimize tax debt ### Answer: I would deduct all the other payments out as subcontractors, but I typically have all the paperwork and entities set up to make that ap...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I find out which ETFs has holdings in a particular stock? ### Answer: An ETF does not track any one individual stock. It "is a marketable security that tracks an index, a commodity, bonds, or ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are buying and selling futures based on objective data? ### Answer: I own a gold mine and my cost of producing an ounce of gold is $600. Less than that, I lose money, anything over is profit. Today, a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the need to issue bonds a telltale sign that the company would have a hard time paying coupons? ### Answer: People borrow money all the time to buy a house. Banks will lend money on one (up to 80%,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: FATCA compliance for small Foreign Company. What do I need to do? ### Answer: Unless you started a bank or other kind of a financial institution (brokerage, merchant processor, etc etc), the page you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to gift money anonymously to an individual after collection thru a donation site? ### Answer: In the US the best way to solve the problem, IMHO, would be via a trust. Talk to a properly licensed t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a change in market cap affect a company's operational decisions? ### Answer: In practical terms, it shouldn't. Market cap changes every day (assuming public trading, of course) or even secon...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a “fiat” currency? Are there other types of currency? ### Answer: A "fiat" currency is non-convertible paper currency that a government establishes as legal tender. Most countries today are us...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What exactly is a “bad,” “standard,” or “good” annual raise? If I am told a hard percentage and don't get it, should I look elsewhere? ### Answer: TLDR: You will probably need to move to a different ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Get financial reports on Canadian companies ### Answer: www.sedar.com is the official site that provides access to most public securities documents and information filed by public companies and invest...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does my net paycheck decrease as the year goes on due to tax brackets filling up? ### Answer: If your payroll payments are the same each period, you will generally have the same net pay per period. S...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I get an accountant for my taxes? ### Answer: A reason to get an accountant is to avoid penalties for possible mistakes. That is, if you make a mistake, the IRS can impose penalties on you for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Borrowing money to buy shares for cashflow? ### Answer: Don't do it. I would sell one of my investment houses and use the equity to pay down your primary mortgage. Then I would refinance my primary ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is day trading considered riskier than long-term trading? ### Answer: Over a period of time greater than 10 years (keep in mind, 2000-2009 ten year period fails, so I am talking longer) the market...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dealing with event driven market volatility ### Answer: If you're worried about volatility, and you're in mostly long positions, you should be looking to diversify your portfolio (meaning, buying some...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy securities at another stock exchange ### Answer: In a simple statement, no doesn't matter. Checked on my trade portal, everything lines up. Same ISIN, same price(after factoring in FX conversions,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Bid-Ask at market open, which comes first? [duplicate] ### Answer: When you place a limit sell order of $10.00 (for a stock on an option) you are adding your order to the book. Anyone who places a bu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mortgage or not? ### Answer: Buy a rental property instead. You get tax benefits as well as passive income. And it pays for itself ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the US, does getting a loan with a cosigner, help your credit rating? ### Answer: It all comes down to how the loan itself is structured and reported - the exact details of how they run the loan pa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Bond ETFs vs actual bonds ### Answer: ETFs are just like any other mutual fund; they hold a mix of assets described by their prospectus. If that mix fits your needs for diversification and the costs o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Merchant dispute with airline over missed flight, and which credit cards offer protection? ### Answer: What you are looking for is travel insurance. I have never heard of this being offered as a credi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing in real estate when the stock market is high, investing in stocks when it's low? ### Answer: The price of real estate reacts to both demand for property and the rate of inflation and rate of...
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: Without all the details it's hard to tell what options you may have, but none of them are good. When you cosign you are saying that, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to account for personal baby sitter? ### Answer: You said your mother-in-law lives with you. Does she pay rent, or are you splitting the cost of housing? That would also have to figured into the e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would I ever need credit card if my debit card is issued by MasterCard/Visa? ### Answer: I was hoping to comment on the original question, but it looks to me like the asker lives in the EU, where cred...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is this type of risk-free investment called? ### Answer: These products are real, but they aren't risk free: 1) The bank could go under in that time. (Are the investments FDIC insured?) 2) Your ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mortgage sold to yet another servicer. What are my options? ### Answer: Your mortgage terms are locked in; the servicer/new owner cannot change the terms without your consent, but the servicer can be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good investment for a foreigner to purchase a flat/apartment in China? ### Answer: China is in the middle of a residential housing bubble, and now is probably a horrible time to invest in real...
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: Companies often provide cafeteria, or catering services, to employees tax-free at subsidized rates. I'll use "cafet...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sites to obtain historical chart of currency exchange rates? ### Answer: OANDA has a free online tool (a Java applet) that will do what you're asking. Description: Currency Graph FXGraph: Plot the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's a reliable way for a non-permanent resident alien in the USA to get an auto loan? ### Answer: From personal experience (I financed a new car from the dealer/manufacturer within weeks of graduat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: gift is taxable but is “loan” or “debt” taxable? ### Answer: The difference is whether or not you have a contract that stipulates the payment plan, interest, and late payment penalties. If you have on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does borrowing from my 401(k) make sense in my specific circumstance? ### Answer: Your comment regarding your existing finances is very relevant and helpful. You need to understand that generally in p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there alternatives to double currency account to manage payments in different currencies? ### Answer: You could use a Credit or Debit Card running in US $, drawing from your US$ account, and pay e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are big companies like Apple or Google not included in the Dow Jones Industrial Average (DJIA) index? ### Answer: The Dow Jones Industrial Average (DJIA) is a Price-weighted index. That means tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does one value Facebook stock as a potential investment? ### Answer: The amount of hype and uneducated investors/speculators driving its prices up. Just by that I would say its prices are inflated...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the breakdown of a loan repayment into principal and interest of any importance? ### Answer: The breakdown between how much of your payment is going toward principal and interest is very import...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: US Bank placing a hold on funds from my paycheck deposit: Why does that make sense? ### Answer: First, congratulations on the paycheck! :-) On the holds: Is it possible that by allowing your account ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay off credit card debt or earn employer 401(k) match? ### Answer: I'd take the match, but I wouldn't contribute beyond your match, for two reasons: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some good ways to control costs for groceries? ### Answer: Cooking cheaply is time consuming. We cook cheaply, but we take more time to do it. May be hard for a busy family. If you cook ever...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Given a certain yearly savings, how much can I spend on a capital improvement? NPV of future cash flow ### Answer: For this, the internal rate of return is preferred. In short, all cash flows need to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I make over 120k a year, what are my options for retirement plans? ### Answer: All data for a single adult in tax year 2010. Roth IRA 401K Roth 401k Traditional IRA and your employer offers a 401k...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I carelessly invested in a stock on a spike near the peak price. How can I salvage my investment? ### Answer: Some financial planners would not advise one way or the other on a specific stock without ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it accurate to say that if I was to trade something, my probability of success can't be worse than random? ### Answer: The previous answers make valid points regarding the risks, and why you can't ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When do I sell a stock that I hold as a long-term position? ### Answer: If you are already invested in a particular stock, I like JoeTaxpayer's answer. Think about it as if you are re-buying the stock...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Last trade is bought? or sold? ### Answer: When there is a trade the shares were both bought and sold. In any trade on the secondary market there has to be both a buyer and a seller for the trade to t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: ISA trading account options for US citizens living in the UK ### Answer: This sounds like a FATCA issue. I will attempt to explain, but please confirm with your own research, as I am not a FATCA expe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What will be the long term impact of the newly defined minimum exchange rate target from francs to euro? ### Answer: The idea behind this move is to avoid or mitigate long-term deflationary pressure a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When should I start saving/investing for my retirement? ### Answer: Here's a good strategy: Open up a Roth IRA at a discount-broker, like TD Ameritrade, invest in no-fee ETF's, tracking an Index, with...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it normal to think of money in different “contexts”? ### Answer: Here's how I think about money. There are only 3 categories / contexts (buckets) that my earned money falls into. Savings is my emer...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some well known or well regarded arguments against investing? ### Answer: Oh, geez, well-regarded arguments against investing, hmm? Well, I have a couple. They're not against investing per se...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Did an additional $32 billion necessarily get invested into Amazon.com stock on October 26th, 2017? ### Answer: No, a jump in market capitalization does not equal the amount that has been invested. M...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: UK Limited Company paying third party medical costs ### Answer: According to HMRC's manual BIM42105, you can't deduct expenses of this kind when calculating your profits for corporation tax: No deduct...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Protecting savings from exceptional taxes ### Answer: Over the last few years I've read quite a bit about monetary history. I've developed two very important rules from this study: If you follow the...
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: My personal gold/metals target is 5.0% of my retirement portfolio. Right now I'm underweight because of t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to invest in stocks without using an intermediary like a broker? Can shares be bought direct? ### Answer: Agree with Michael here. The exchanges help you more than they will hurt. It begs the ques...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: From Facebook's perspective, was the fall in price after IPO actually an indication that it went well? ### Answer: There could be an impact on Facebook because just before the IPO, Morgan Stanley appa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Intentions of Deductible Amount for Small Business ### Answer: If your sole proprietorship losses exceed all other sources of taxable income, then you have what's called a Net Operating Loss (NOL). Yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best way to help my dad consolidate his credit card debt at a lower rate? ### Answer: Are you doing the right thing? Yes, paying back some of the expense of college is a great way to show ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a home with down payment from family as a “loan” ### Answer: I would recommend against loans from family members. But if you decide to go down that path take care of the basics: This is a busin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I buy these ETFs? ### Answer: Some of the ETFs you have specified have been delisted and are no longer trading. If you want to invest in those specific ETFs, you need to find a broker that wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When's the best time to sell the stock of a company that is being acquired/sold? ### Answer: Here is one "other consideration": don't, don't, don't sell based on insider information. Insider trading c...