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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: MasterCard won't disclose who leaked my credit card details ### Answer: Others have already commented on the impact of anything which dissuades merchants from raising possible breaches, so I won't dwe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the risks of Dividend-yielding stocks? ### Answer: Dividend Stocks like any stock carry risk and go both up and down. It is important to choose a stock based on the company's potential and p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I compare having accounts at various banks without opening an account? ### Answer: I think that your best option is to use the internet to look for sites comparing the various features of acco...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debit card for minor (< 8 y.o.) ### Answer: I'm not certain if you can get a debit card with it, but if you have a PNC in your area, they have a special kind of account designed around teaching financ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does APR mean I'm paying? ### Answer: Banks have to disclose up front the Annual Percentage Rate or interest rate that will be charged if you have an outstanding balance on a credit card. However...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying and selling the same stock ### Answer: I think what you're asking is, Can I buy 1000 shares of the stock at $1. For $1000. it goes up to $2, then sell 500 shares of the stock with proceeds ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tenant wants to pay rent with EFT ### Answer: You could setup a Ally account to use solely for this. There is no minimum, no opening balance requirement, and you can do up to 6 transfers a month for f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which colors can one use to fill out a check in the US? ### Answer: Keep in mind that many checks are being cashed via scanner or photo. These can be home based, business based or ATM based systems. T...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it bad etiquette to use a credit or debit card to pay for single figure amounts at the POS ### Answer: I don't carry cash at all unless I know I'm going somewhere which requires it - this includes ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I find open source portfolio management software? ### Answer: Take a look at this: http://code.google.com/p/stock-portfolio-manager/ It is an open source project aimed to manage your stock p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I change my loan term from 60 to 36 months? ### Answer: Some places banks/Credit Unions will allow you to refinance a auto loan. My credit Union only does this if the original loan was with anothe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy a house because Mortgage rates are low ### Answer: There is a significant tie between housing prices and mortgage rates. As such, don't assume low mortgage rates mean you will be financi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it wise to have plenty of current accounts in different banks? ### Answer: Another thing to factor in are deals provided by banks. In general, banks care about new customers more than their existin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: To rebalance or not to rebalance ### Answer: Yes E[x] is expected value of x. E[x|y] = expected value of x, given y. c, k are some constants Let E[s_{n+1}|s_n=c] = c, but if E[s_{n+1}|s_n,s_{n-1},......
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is investing in an ETF generally your best option after establishing a Roth IRA? ### Answer: When investing small amounts, you should consider the substantial toll that commissions will take on your i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to evaluate an annuity ### Answer: You need to see that prospectus. I just met with some potential new clients today that wanted me to take a look at their investments. Turns out they had two se...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: (Legitimate & respectable) strategies to generate “passive income” on the Internet? ### Answer: If you want real no hassle, look into getting an agent: http://www.xmarks.com/topic/photographers_agents...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where Can The Fully Diluted Outstanding Shares Of A Company Be Found? ### Answer: You can calculate the fully diluted shares by comparing EPS vs diluted (adjusted) EPS as reported in 10K. I don't beli...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What’s the risk in money market accounts? ### Answer: Money market accounts and ultra-short duration funds are subject to three main risks: interest rate risk, liquidity risk and credit risk. Interest...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is meant by one being in a “tax bracket”? ### Answer: Tax brackets refer to the range of taxable within which you fall. An income tax bracket usually refers to federal or state tax, not the combi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are my parents ripping me off with this deal that doesn't allow me to build my equity in my home? ### Answer: First, I don't think your parents are ripping you off, but you should get your agreement i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are support and resistance of a stock? ### Answer: You should check out existing resources like Investopedia for definitions, and ask questions if there is something you do not understand, instea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are “upstream investments” and “downstream investments” in this context? ### Answer: Upstream is into businesses that supply the original business; downstream is into businesses that make use of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is a stock that pays a dividend preferrable to one that doesn't? ### Answer: The ultimate reason to own stock is to receive cash or cash equivalents from the underlying security. You can argue tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What would be the signs of a bubble in silver? ### Answer: In my opinion, you're in a precious metals "bubble" when rising prices are driven by the people's desire the own the commodity without a reas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I research, analyze, and choose the right mutual fund for a roth ira? ### Answer: There is a lot of interesting information that can be found in a fund's prospectus. I have found it very helpfu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: super confused about bid and ask size. help ### Answer: In the stock market many participants enter orders that are not necessarily set at the current market price of the stock (i.e. they are not mark...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does the calculation for percentage profit vary based on whether a position is short vs. long? ### Answer: There are different perspectives from which to calculate the gain, but the way I think it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will the ex-homeowner still owe money after a foreclosure? ### Answer: Generally, yes, although not in all states. According to this article in Time: But in non-recourse states — Alaska, Arizona, Cal...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do historically low interest rates affect real estate prices? ### Answer: Interest rates do generally affect house prices but other factors do too, especially the unemployment rate. However, every...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do rental car agencies sell their cars at a time when it is risky for the purchaser? ### Answer: My mother worked for one of the major American car rental companies. She talked about this topic with m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does leverage work? ### Answer: JoeTaxpayer's answer adequately explained leverage and some of your risks. Your risks also include: The firm's risk is that you will figure out a way to leave the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Finding a good small business CPA? ### Answer: I have had better experiences with accountants in smaller towns. It seems they are used to working with small businesses and their reputation is very im...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Estimating the impact of tax-loss harvesting ### Answer: When you sell a stock that you own, you realize gains, or losses. Short-term gains, realized within a year of buying and selling an asset, are ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What types of receipts do I need to keep for itemized tax deductions? ### Answer: Businesses are only required to keep receipts over $751. However for individuals, I would throw them all in a shoebox ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 15 year mortgage vs 30 year paid off in 15 ### Answer: Why would anyone ever get a 15 year instead of just paying off a 30 year in 15 years? Because the rate is not the same. Never that I've seen in m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off my car loan within the year? ### Answer: Personally, I don't think that the interest from the car loan is worth the credit history you're building through it. There are other ways to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the pros and cons of investing in a closed-end fund? ### Answer: The pros and cons of investing in a closed end fund both stem from the fact that the price per share is likely to differ from ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are my options for this high interest student loan? ### Answer: There is no magic formula to this, quite simply: earn, cut expenses, and pay. It sounds like you can use a little bit of help in t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is tax being paid on my salary multiple times? ### Answer: Businesses do not pay income tax on money that they pay out as salary to their employees. Businesses generally only pay income tax on pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do capital gains get factored into AGI? ### Answer: I believe that capital gains do affect AGI, but if she sells $40k of stock, then the AGI doesn't go up by $40k, it only goes up by the gains (gross ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy home and leverage roommates, or split rent? ### Answer: Mixing friendship and money, whether that's loans or landlording, is risky. Often things work out, but sometimes the unexpected happens, and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to share income after marriage and kids? ### Answer: What equal percentage of both you and your girlfriend's income will cover the essential household expenses? Although we earned different amount...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you beat the market by investing in double long ETFs? [duplicate] ### Answer: If the index goes up every single day during your investment, you would indeed be better off with 2x ETFs, assuming no...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What actions can I take against a bank for lack of customer service? ### Answer: You can complain to the Financial Ombudsman Service in Australia. I've never used them in particular but generally org...
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: One advantage of paying down your primary residence is that you can refinance it later for 10-15 years when the balance is l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't brokerages charge commissions on forex trades? ### Answer: Simply because forex brokers earn money from the spread that they offer you. Spread is the difference between buyers and sellers. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I always pay my credit at the last day possible to maximize my savings interest? ### Answer: Mostly ditto to Dillip Sarwate. Let me just add: I don't know how you're making your payments, wheth...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In a house with shared ownership, if one person moves out and the other assumes mortgage, how do we determine who owns what share in the end? ### Answer: Market value and assessments are two different...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: (United Kingdom) Multiple Stock ISAs? ### Answer: It is a very good idea to spread your ISAs over more than one stock broker. However now that a lot of stock brokers charge an admin fee it can get ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy tires and keep car for 12-36 months, or replace car now? ### Answer: If You use the car regulary, I don't think that driving on the bald tires for 3 years is a reasonable option. Have You consider...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does Value Averaging work in practice? ### Answer: The way I've implemented essentially "value averaging", is to keep a constant ratio between different investment types in my portfolio. Lets say ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Finding out actual items bought via credit card issuer and not the store receipt? ### Answer: The store keeps track of what you buy. It is all part of their big data. The knowledge of what you buy hel...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't you just have someone invest for you and split the profits (and losses) with him? ### Answer: This means that if your capital under my management ends up turning a profit, I will keep half o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I invest and buy/sell stocks? What does “use a broker” mean? ### Answer: Some good answers already, but let me add a TL:DR version. Brokers work like a special type of bank account where you c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which U.S. online discount broker is the best value for money? ### Answer: I am very happy with Charles Schwab. I use both their investing tools and banking tool, but I don't do much investing beside...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who should pay taxes in my typical case? ### Answer: The bottom line is you broke the law. While this is pretty much victimless, it is none the less a violation of the law and should be avoided in th...
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: The GnuCash tutorial has some basics on double entry accounting: http://www.gnucash.org/docs/v1.8/C/gnucash-guide/basics_accountin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a generally accepted term for fractions of Currency Units? ### Answer: of course if you asked me to give you $24.4955 I can't. No, but if I asked you to give me $24.4955 and you gave me a pie...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do 10 year Treasury bond yields affect mortgage interest rates? ### Answer: The yield on treasury bond indicates the amount of money anyone at can make at virtually zero risk. So lets say banks ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to get a grip on finance? ### Answer: I think this question is perfectly on topic, and probably has been asked and answered many times. However, I cannot help myself. Here are some basics however...
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: Any such number would depend on the country, the mark...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When to hire an investment professional? ### Answer: Lifecycle funds might be a suitable fit for you. Lifecycle funds (aka "target date funds") are a mutual fund that invests your money in other mutua...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I borrow money for investing? ### Answer: Borrowing to invest is almost always a bad idea. You'd have to take out an unsecured loan, which has a higher interest rate, or a secured loan and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I be contributing to my 401(k), traditional or Roth? ### Answer: I wrote a brilliant guest post at Don't Mess With Taxes, titled Roth IRAs and Your Retirement Income. (Note - this article n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks print their own paper money / bank notes? ### Answer: Are you talking about printing up more of the same kind of bill, or printing up a different kind of bill? You'll have different a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Looking for advice on rental property ### Answer: I think the first step is to be thankful that your relationship with this person has not degenerated into lawsuits and bickering. That would greatly ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I use a bank or a credit union for my savings account? ### Answer: In practical terms, these days, a credit union IS a small "savings and loan" bank -- the kind of bank that used to exist befor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a freelancer get a credit card? (India) ### Answer: Typically Banks look for a steady source of income or savings based on which they issue a credit card. If you can't show that build a cash b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off my 50K of student loans as quickly as possible, or steadily? Why? ### Answer: I recently paid-off $40k in student loan debt. One of the motivations for me to accelerate my payments wa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Solo-401k interaction with employer sponsored 401k. Limits of contribution from Schedule C income ### Answer: Alright, team! I found answers to part 1) and part 2) that I've quote below, but still n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What intrinsic, non-monetary value does gold have as a commodity? ### Answer: The answer is that other than a small number of applications (the approx. 10% of gold production that goes to 'industrial ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I spend too much money. How can I get on the path to a frugal lifestyle? ### Answer: Get on a written budget at the BEGINNING of the month. If you dont write down where your money goes BEFORE you spen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What things should I consider when getting a joint-mortgage? ### Answer: this seems like a bad idea. Example: You want to sell. He doesn't. But he doesn't have enough money to buy you out. What will...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are my investment options in real estate? ### Answer: Your post seems to read as if you want to invest only in real estate rental properties as a start because they will be a reliable investment ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will prices really be different for cash and cards? ### Answer: I would say minimal price differences. Stores will need to remain competative, and the difference (if any) will likely be to cover the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If someone gives me cash legally, can my deposit trigger an audit for them? ### Answer: Why would you even accept 75K in cash? If anything is going to trigger an audit, this will be it. 75K in cash de...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the UK, could low-income pensioners (or those near a low-income retirement) find a student loan useful for boosting their finances? ### Answer: As noted in richardb's comment buried in the comments...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the stock market create any sort of value? ### Answer: When you own stock in a company, you do literally own part of the business, even if it's a small portion. Anyone amassing over 50% of shares...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What cost basis accounting methods are applicable to virtual currencies? ### Answer: The only "authoritative document" issued by the IRS to date relating to Cryptocurrencies is Notice 2014-21. It has ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay more than 20% down on a home? ### Answer: Leverage increase returns, but also risks, ie, the least you can pay, the greater the opportunity to profit, but also the greater the chance you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Filing Form 7004 if an LLC's only members are husband and wife ### Answer: Since you both are members of the LLC - it is not a single-member LLC, thus you have to file the tax return on behalf of the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Question about car loan payment ### Answer: You can earn significantly more than 0.99% in the stock market. I'd pay the $450/month and invest the rest in a (relatively conservative) stock market fund...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better for a public company to increase its dividends, or institute a share buyback? ### Answer: I would prefer a dividend paying company, rather than share appreciation. And I would prefer that...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: MasterCard won't disclose who leaked my credit card details ### Answer: I found a german article describing the legal situation in Germany. To summarize As outlined by the many possible reasons in the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Put idle savings to use while keeping them liquid ### Answer: I would suggest a high interest checking account if you qualify, or if you don't, an Investor's Deposit Account (IDA). ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to invest Rs.10k in India ### Answer: I am going to assume that this is going to be a long term investment and you don't need this money before 5-6years at the very least. My advise would be to in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to make use of EUR/USD fluctuations in my specific case? ### Answer: Remember that converting from EU to USD and the other way around always costs you money, at least 0.5% per conversion. Addition...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Free/open source Unix software that pulls info from all my banks/brokers/credit cards? ### Answer: Buxfer is a personal-finance web app which you might like. It's not open-source. But at least none ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a correlation between self-employment and wealth? ### Answer: The key to becoming wealthy as a self-employed person is the drive to be successful. A driven person, who starts their own compan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much money do I need to have saved up for retirement? ### Answer: Invest in kids, not pension - they never inflate. Without kids your retirement will be miserable anyway. And with them you'll be g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Cashing a cheque on behalf of someone else ### Answer: If the cheque is not crossed, then your friend can write "payable to [your name]" above his signature when he endorses it. If it is crossed, you'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does an individual share of a stock have some kind of unique identifier? ### Answer: There is no unique identifier that exists to identify specific shares of a stock. Just like money in the bank, ther...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens if someone destroy money? ### Answer: Depending on the country, nothing. For example, the US has about $1.3 trillion dollars of cash in circulation. Which means that if you were to burn...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I file my taxes as a contractor? ### Answer: For tax purposes you will need to file as an employee (T4 slips and tax withheld automatically), but also as an entrepreneur. I had the same sit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What would be the signs of a bubble in silver? ### Answer: If markets were perfectly efficient, the price should reflect everything that is currently known about the future of a commodity. If it is k...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Getting Cash from Credit Card without Fees ### Answer: You said: Use a credit card (to get my 3% Cash back) to withdraw cash ... Then you said: Is there any way to do this without paying a cash advanc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the ins/outs of writing-off part of one's rent for working at home? ### Answer: Be ruthlessly meticulous about the IRS regulations for deducting a home office. If it's allowed, it's allowed....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to divide a mortgage and living area fairly? ### Answer: I suggest that you first decide on what %'s of the home value you each have a legal claim to. Then split the mortgage using the same %'s. T...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would selling significantly below market affect the value of a stock ### Answer: Assuming you are executing your order on a registered exchange by a registered broker, your order will be filled at the...