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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I invest in to hedge against a serious crash or calamity? ### Answer: If peak oil is a concern, hedge against the effects of high oil prices. Reduce your dependence on the gas pump by mov...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which types of insurances do I need to buy? ### Answer: Can you afford to replace your home if it suffers major damage in a fire or earthquake? Is your home at risk of flooding? In the United States...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will a credit card issuer cancel an account if it never incurs interest? ### Answer: When you buy something with your credit card, the store pays a fee to the credit card company, typically a base fee...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I depreciate a car given to me? ### Answer: Yes, you can depreciate gifts to your business subject to the special rules in § 1011 and Regulation § 1.1011–1 and 1.167(g)–1. It is dual basis propert...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In India, what is the difference between Dividend and Growth mutual fund types? ### Answer: I wrote about this a while back: http://blog.investraction.com/2006/10/mutual-funds-dividend-option-or-growt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Under what circumstance will the IRS charge you a late-payment penalty for taxes? ### Answer: Assuming US/IRS: If you filed on time and paid what you believed was the correct amount, they might be kin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are RSU's factored into Income during loan qualification? ### Answer: RSUs are not "essentially cash". "R" in the RSU stands for restricted. These awards have strings attached, and as long as the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I invest in to hedge against a serious crash or calamity? ### Answer: Are you willing to risk the possibility of investing to prepare for these things and losing money or simply getting me...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I had no income due to a net operating loss, will I be refunded the Social Security and Medicare taxes withheld? ### Answer: If you have a CPA working for you already - this is a question you shoul...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Giving kids annual tax free gift of $28,000 ### Answer: If the child is a dependent the question is moot. It is accepted that the parent will pay for some, most, or all of the tuition. There is no tax...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a buy market order be matched with a sell market order in Forex trading? ### Answer: If there are no limit orders on the opposite side of the book when your market order gets its turn for executio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you explain why it's better to invest now rather than waiting for the market to dip? ### Answer: Your chance of even correctly recognizing the actual lowest point of a dip are essentially zero, so...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I improve my credit score if I am not paying bills or rent? ### Answer: Any kind of credit contract such as a mobile phone contract (could be SIM only or with a handset) would also help increa...
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: Replace your own brake pads Disc brake pads are usually snap-in replacement parts. YouTube has tons of videos showing how to do it. Find o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a broker refuse to place my limit-orders? ### Answer: Ethereum trades are not subject to the same rules as securities are. Thats the primary flaw in your assessment. Yes, cryptocurrency is a free ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a bad idea to invest a student loan? ### Answer: There will be many who will judge your proposal on the idea that subsidized loans should be available to those who need them, and should not be u...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy or lease a car given that its not a super luxury car and I only drive 15 miles/d on avg? ### Answer: Cars depreciate and lose value the second you drive off the lot. Why lose money? Fore...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Switch from DINK to SIWK: How do people afford kids? ### Answer: With your wife's income, you're not doing to see a net difference if she stops working that job. You may actually yield a little more. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is early exercise generally not recommended for an in-the-money option? ### Answer: Investopedia states: While early exercise is generally not advisable, because the time value inherent in the o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the Canadian Securities Course (CSC) enough to get started in the finance industry in Canada? ### Answer: Wikipedia says "The Canadian Securities Course (CSC) offered by the Canadian Securities Ins...
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: You're "onto" something. Investing in real estate was not a bad idea about 10-15 years ago, when ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit card issued against my express refusal; What action can I take? ### Answer: I would go speak to the bank manager. With Wells, you have to make sure it is the bank manager and not a service mana...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does the value of an asset (valued in two different currencies) change when the exchange rate changes? ### Answer: Gold is traded on the London stock exchange (LSE) and the New York stock exchange...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to keep control of shared expenses inside marriage? ### Answer: Being new does not allow me yet to vote on your question, but what a good question it is. We share our opinion in separating finance...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a company in China says it accepts Visa, does it accept all Visas? ### Answer: Many businesses that accept regular VISA credit cards will not accept VISA purchase cards intended for corporate/gov p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I choose an additional retirement investment plan? ### Answer: It's a hard decision to make. Especially without knowing the complete contract details. I would in general stay away from fina...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stock investments less favorable for the smaller investor? ### Answer: If you are looking at long-term investments then you can look to Dheer's answer and see that it doesn't matter whether the mo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Avoiding timing traps with long term index investing ### Answer: What are the risks pertaining to timing on long term index investments? The risks are countless for any investment strategy. If you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a company block a specific person from buying its stock? ### Answer: I assume you are talking about a publicly traded company listed on a major stock exchange and the buyer resides in the US. (Pri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I stockpile nickels? ### Answer: At one point it was illegal to melt silver coins in the US, but it is legal now. I don't know that will happen with copper coins, but that's what happened with...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does modifying an order cancel the old one and submit a new one ### Answer: Limit books are managed by exchanges. If an order is not immediately filled, it is sent to the book. From there, orders are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What economic growth rate is required to halve U.S. unemployment? ### Answer: I believe the Bureau of Labor Statistics has published some numbers in this area... I cannot find them at the moment thoug...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do retailers ever stock goods just to make other goods sell better? ### Answer: Use of this is demonstrated in this video: https://youtu.be/Ip5jG3djdyk Stocking products that you have no intention of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do US retirement funds typically have way more US assets than international assets? ### Answer: To expand a bit on @MSalters's answer ... When I read your question title I assumed that by "retirem...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If banksimple.com is not a bank, what is it? ### Answer: Looks more like an idea for a business rather than an actual business -- especially since it hasn't even launched. That said, it does have its ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax implications of holding EWU (or other such UK ETFs) as a US citizen? ### Answer: You will not be able to continue filing with TurboTax if you invest in foreign funds. Form 8261 which is required t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I file 83(b) election, but did't include a copy of it in that year’s tax return ### Answer: It matters because that is the requirement for the 83(b) selection to be valid. Since the context is 83(b) e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to know the probability that a trade is successful? ### Answer: If you had a trading system, and by trading system I mean the criteria setup that you will take a trade on, then once a s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I earn $75K, have $30K in savings, no debt, rent from my parents who are losing their home. Should I buy a home now or save? ### Answer: This solution obviously wouldn't work for everyone, and is cont...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is my wash sale being calculated incorrectly? ### Answer: You add the wash sale loss to your cost basis for the other transaction so you would have two entries in your schedule d reporting 1.) Listing...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any reason not to put a 35% down payment on a car? ### Answer: I somewhat agree to Alex B's post. I was a finance manager for 7 years both prime and sub-prime(special)(in other words bad). ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Top 3 things to do before year end for your Stock Portfolio? ### Answer: Not knowing the US laws at all, you should worry more about having the best stock portfolio and less about taxes. My 0,02€ ###e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is real (physical) money traded during online trading? ### Answer: This is somewhat of a non-answer but I'm not sure you'll ever find a satisfying answer to this question, because the premises on whic...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is CFD a viable option for long-term trading? ### Answer: Something really does seem seedy that if I invest $2500, that I'll make above 50k if the stock doubles. Is it really that easy? You only buy o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it beneficial to convert non-investment real estate to rental if I need to make major repairs? (USA/Missouri) ### Answer: I think you may have a significant misunderstanding here. You have been re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Like a Roth IRA for intellectual property, offshore assignment? ### Answer: One can have a self-directed IRA. This is not like a Schwab, eTrade, etc IRA. It has a special type of custodian that knows ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I escalate a credit dispute when the bureau “confirms” the item? ### Answer: I was I a similar position as you, and sometimes credit bureaus might be difficult to deal with, especially when hi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would you elect to apply a refund to next year's tax bill? ### Answer: Aside from the fear that you or a loved one will spend it frivolously, I'm hard pressed to come up with another reason. If y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Student loan payments and opportunity costs ### Answer: The only real consideration I would give to paying off the debt as slowly as possible is if inflation were much higher than it is now. If you h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do mutual fund companies deliberately “censor” their portfolios/funds? ### Answer: If I invest in individual stocks I will, from time to time, sell stocks that aren't performing well. If the value of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros & cons of investing in gold vs. platinum? ### Answer: @Michael Kjörling answered why platinum is in demand like it is. But it missed some of the significant risks so I will address some of them....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stock index fund likely to keep being a reliable long-term investment option? ### Answer: A diversified portfolio (such as a 60% stocks / 40% bonds balanced fund) is much more predictable and reli...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does investing more money into stocks increase chances of profit? ### Answer: The investment return for a given strategy is directly proportional to the amount invested. Invest twice as much, profit (...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a sell-side version of dollar-cost averaging? ### Answer: None of your options or strategies are ideal. Have you considered looking at the stock chart and making a decision? Is the price curr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Washington State tax filing extension? ### Answer: Washington State doesn't have a state income tax for individuals, so unless you've got a business there's nothing to file. Find out more on their web...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I change 401k investment options to prepare for rising interest rates? ### Answer: The bond funds should tell you their duration. My 401(k) has similar choices, and right now, I'm at the short ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using financial news releases to trade stocks? ### Answer: Yes, there are very lucrative opportunities available by using financial news releases. A lot of times other people just aren't looking in le...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Unusual real estate market with seemingly huge rental returns ### Answer: I would not claim to be a personal expert in rental property. I do have friends and family and acquaintances who run rental un...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What determines price fluctuation of groceries ### Answer: No. Some grocery stores may discount specific products based on inventory to drive sales using "loss leaders" where the product is intentiona...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does on-demand insurance company Trov prevent insurance fraud or high prices? ### Answer: For example, it is not allowed to buy flood insurance at peak flood season and then cancel it when it is o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a car company lend me money at a very low interest rate? ### Answer: In addition to the other answers, also consider this: Federal bond interest rates are nowhere near the rates you mentione...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is it important to research a stock before buying it? ### Answer: Most markets around the world have been downtrending for the last 6 to 10 months. The definition of a downtrend is lower lows and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do exchanges match limit orders? ### Answer: The total limit book is a composite of all the orders on all of the exchanges. While it's uncommon for a limit order posted beyond the NBBO to fill out...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: New car price was negotiated as a “cash deal”. Will the price change if I finance instead? ### Answer: as a used dealer in subprime sales, finance has to be higher than cash because every finance dea...
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: If you could find a breakdown, I suspect that it would show not just that they are self employed but own their own company. There...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does setting up a company for your own improves credibility? ### Answer: The key here is that you are defacto running your own company no matter if you acknowledge it or not. In the end these questio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why invest for the long-term rather than buy and sell for quick, big gains? ### Answer: Another benefit of holding shares longer was just pointed out in another question: donating appreciated shares t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stocks taxed just for selling, or just when withdrawing? ### Answer: It is not a dump question because it concerns your most important invisible financial partner:the taxman. The answer depends of the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I get a discount on merchandise by paying with cash instead of credit? ### Answer: Cash is very effective at getting a discount when buying from individuals (craigslist, garage sales, estate sales...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dividend Yield ### Answer: The S&P 500 is an index, you can't buy shares of an index, but you can find index funds to invest in. Each company in that fund that pays dividends will do so on their own s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: PayPal wants me to “add a bank account”, another funding source. Credit card isn't working. Why? ### Answer: It's always a good idea to check your credit history on a regular basis - try checking your...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a put seller closes early, what happens to the buyer? ### Answer: The original option writer (seller) can close his short position in the contracts he wrote by purchasing back matching contracts (i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: (Theoretical) Paying credit cards with other credit cards ### Answer: Three things prevent you from doing this: Credit cards generally don't accept other credit cards as payment. You could do this wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why doesn't the market capitalization of a company match its acquisition price during a takeover? ### Answer: Short answer: google finance's market cap calculation is nonstandard (a.k.a. wrong). The s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the fractional-reserve banking not a Ponzi scheme? ### Answer: The Ponzi/Madoff schemes were closed loops, so the only source of the so-called "interest" on the money was the contributions of f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Moving 401k balance into self-directed IRA ### Answer: Your question asks "how" but "if" may be your issue. Most companies will not permit an external transfer while still employed, or under a certain...
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: I don't think there's any law against having lots of bank accounts. But what are you really gaining? Every new account is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which is better when working as a contractor, 1099 or incorporating? ### Answer: If you start an LLC with you as the sole member it will be considered a disregarded entity. This basically means that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it OK to use a credit card on zero-interest to pay some other credit cards with higher-interest? ### Answer: good vs "bad" debt in the context of that post. At least in the UK this can be a good ta...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to know which companies enter the stock market? ### Answer: NASDAQ provides a very good IPO calendar as well for US listings. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 22-year-old inherited 30k from 529 payout - what is the best way to invest? ### Answer: Many people have provided very good answers to this question and all the answers provide sound advice and justif...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A-B-C Class Shares: What's the difference? ### Answer: Classes of shares are not necessarily standardized. Some share classes have preference above others in the event of a liquidation. Some share cla...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What foreign exchange rate is used for foreign credit card and bank transactions? ### Answer: In addition to the SELL rate on the statement transaction day, currency conversion fees of 0 - 3% is appli...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is bespoke insurance? ### Answer: The word bespoke means made to order. Bespoke insurance means non-cookie cutter. That mean the thing your are trying to protect, or the risk to that item is not ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would I pick a specific ETF over an equivalent Mutual Fund? ### Answer: There are times when investing in an ETF is more convenient than a mutual fund. When you invest in a mutual fund, you often ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Could someone please provide an example of a portfolio similiar to the GFP or Couch potato, but for Australia? ### Answer: The portfolio described in that post has a blend of small slices of Vanguard ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I deduct the cost of software and/or computer that I need to do my job? ### Answer: Yes, this is a miscellaneous itemized deduction. https://www.irs.gov/publications/p529/ar02.html For this to imp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Didn't apply for credit card but got an application denied letter? ### Answer: It's marketing or SCAM tentative. Please check with extreme attention before clicking any link present in the communicati...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why doesn't change in accounts receivable on balance sheet match cash flow statement? ### Answer: I'm not an expert, but here is my best hypothesis. On Microsoft's (and most other company's) cash flow...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a bank make money on an interest free secured loan? ### Answer: Very good answers as to how 0% loans are typically done. In addition, many are either tied to a specific large item purchase, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do retailers ever stock goods just to make other goods sell better? ### Answer: They may stock items that frame the various price points. Of course they risk having the items go stale before they are ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the best way to account for a risky investment - As an asset or an expense? ### Answer: I'm no accountant, but I think the way I'd want to approach this kind of thing in Gnucash would be to tra...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Taxes paid in USA for sending money to parents in India ### Answer: I'm not certain about international transfers, but that amount is large enough that it could be subject to gift tax. https://www.irs...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Whether to prepay mortgage or invest in stocks ### Answer: what other pieces of info should I consider If you don't have liquid case available for unexpected repairs, then you probably don't want to u...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What kind of life insurance is cheaper? I'm not sure about term vs. whole vs. universal, etc ### Answer: Whole life in most instances is a very bad plan. It's marketed as a life insurance policy wrapp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I open a Roth IRA or invest in the S&P 500? ### Answer: Anytime you invest in stocks, you do that inside an investment account - such as the type you might open at ETrade, Vanguard, Fidelity or...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Yahoo finance vs SEC filings fundamentals ### Answer: Sure, Yahoo Finance makes mistakes from time to time. That's the nature of free data. However, I think the issue here is that yahoo is aggregatin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Simplifying money management ### Answer: Many banks will allow you to open multiple accounts. Create a secondary checking account that has no automatic withdrawals and doesn't allow overdraft. This ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I have credit cards without having a credit history or credit score? ### Answer: That is an opinion. I don't think so. Here are some differences: If you use credit responsibly and take the t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I refinance a car loan into someone else's name so it can be their car? ### Answer: Your first step is to talk to the current lender and ask about refinancing in the other person's name. The le...