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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Health insurance lapsed due to employer fraud. How to get medications while in transition? ### Answer: Check with the manufacturer of the name brand medication. Most of them have programs to help peo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is robinhood backed up by an insurance company ### Answer: robinhood is a member of finra, just like any other broker. as such, they can't legally "lose" your assets. even if they file bankruptcy, yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax On Unsold Mined Bitcoin ### Answer: Based on my research, the answer is both. You would pay taxes on the bitcoin you mine as income, and then capital gains tax when you sell them for a profit (or ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Exposure to Irish Housing Market ### Answer: There contracts called an FX Forwards where you can get a feel for what the market thinks an exchange rate will be in the future. Now exchange rates are n...
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: your question is based on a false premise. there is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can all these countries owe so much money? Why & where did they borrow it from? ### Answer: By the phrasing of your question it seems that you are under the mistaken impression that countries are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In what ways can a public company ask for money? ### Answer: There are many different methods for a corporation to get money, but they mostly fall into three categories: earnings, debt and equity. Ea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should one refuse to father in law (Chinese) when he wants to borrow money? ### Answer: In these situations, one solution is to use the "I was just about to ask you the same thing..." response. Th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth trying to find a better minimum down payment for a first time home buyer? ### Answer: When I first purchased my home six years ago, I was able to get into a Bank of America First Time Home...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is This Money Laundering? ### Answer: This is price-setting algorithms running amok. From the page you link, follow the '2 new from $49,991.11' link and you will see that (at the time of writing), the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have $12k in a Chase checking account, but want to start earning interest/saving/investing/etc to make more money. What should I do? ### Answer: Alright so you have $12,000 and you want to know what...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should my husband's business pay my business? ### Answer: Is it worth it for me to "charge" him? I can think of two reasons why you might want to charge your husband: ###end
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: My own personal point of view. I earn about twice what my wife to be earns. We are planning on getting married next year. I ultimately do all ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What could be the harm in sharing my American Express statements online? ### Answer: If someone gains access to these data, he could use social engineering approach to impersonate you - i.e. call the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are Index Funds really as good as “experts” claim? ### Answer: Here is my simplified take: In any given market portfolio the market index will return the average return on investment for the given mar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the preferred way to set up personal finances? ### Answer: You don't state where you are, so any answers to this will by necessity be very general in nature. How many bank accounts should I ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Benefits/Disadvantages of using a credit card ### Answer: Note: this answer is true for the UK, other places may vary. There are a couple of uses for credit cards. The first is to use them in a r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Scam or Real: A woman from Facebook apparently needs my bank account to send money ### Answer: If it's not the classic scam described in Daniel Anderson's answer, then it's probably money laundering. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does compounding of annual interest work? ### Answer: The general concept is that your money will grow at an accelerating rate because you start getting interest paid on your returns in addition t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the benefit of a credit card with an annual fee, vs. a no-fee card? ### Answer: How would you respond to these cases: Limited card options - If someone has a bad credit record the cards availab...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Has anyone compared an in-person Tax Advisor to software like Turbo Tax? ### Answer: so far the only thing that I can think of that would make me want to go with H&R Block is the guarantee that they o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off a 0% car loan? ### Answer: My theory, if you must be in debit, own it at the least expense possible. The interest you will pay by the end, combined with the future value of money. Exa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Starting a side business slowly ### Answer: This is a great question! I've been an entrepreneur and small business owner for 20+ years and have started small businesses in 3 states that grew into nice...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stocks always able to be bought and sold at market price? ### Answer: As others have noted, your definition of "market price" is a bit loose. Really whatever price you get becomes the current mar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Invest in ESPP Single Stock or General Market ### Answer: Make sure to check the language describing the 'discount'. The company may be matching your contribution by 5% instead of a discount. You wil...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the contribution limit for a SEP-IRA? ### Answer: Both are saying essentially the same thing. The Forbes articles says "as much as 20% [...] up to a maximum of $50,000". This means the same ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any instance where less leverage will get you a better return on a rental property? ### Answer: More leverage means more risk. There is more upside. There is also more downside. If property p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it ever a good idea to close credit cards? ### Answer: In my own case, my credit score went up drastically after I closed cards. It did go down a bit (like 10 points) in the short term. Within 6 ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is high trading volume in a stock indicative of? Is high liquidity a good thing or a bad thing? ### Answer: In general, liquidity is a good thing, because it means it is easy for you to buy or se...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I sell my stocks when the stock hits a 52-week high in order to “Buy Low, Sell High”? ### Answer: Insofar as a 52 week high indicates a peak, yes. However, the truth is that "buying low and se...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the stock market too risky for long term retirement funds? Why should a 20- or 30-something person invest in stocks? ### Answer: I'm going to go the contrarian route and suggest you stay completely...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I wait to save up 20% downpayment on a 500k condo? ### Answer: I'm of the belief that you should always put 20% down. The lower interest rate will save you thousands over the life of the loan....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Accepting high volatility for high long-term returns ### Answer: Modern portfolio theory has a strong theoretical background and its conclusions on the risk/return trade-off have a lot of good support...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would it ever be a bad idea to convert a traditional IRA to a Roth IRA with the following assumptions? ### Answer: Taking all your assumptions: With Roth, you take $6112 from work, (let's call you tax...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a website/domain name an asset or a liability? ### Answer: This depends on your definitions of assets and liabilities. The word "asset" has a fairly straight forward definition. Generally speaking...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Am I doing the math for this covered call/long put strategy correctly? What risks do I run with this strategy? ### Answer: FYI: GM has an earnings announcement on April 24th. I think you were trying t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What could cause a stock to trade below book value? ### Answer: Discrepancies between what the book value is reported as and what they'd fetch if sold on the open market. Legal disputes in court. ###e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Resources to begin trading from home? ### Answer: A good place to start is to read, such as : Robert T. Kiyosaki : poor dad rich dad. It is quite simple but it gives the good mindset to start. But mo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How long should I keep an uncleared transaction in my checkbook? ### Answer: Typically I'll carry the charge for quite awhile, up to a year. If it hasn't cleared by then, I contact the institution th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Oversimplify it for me: the correct order of investing ### Answer: Organize your expenses in order of the rate of return, and pay them in that order. By far the highest rate of return on your list is...
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: How can someone use the account number to withdraw money without my consent? They can use your account number to game your banks phone support and try t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Books, Videos, Tutorials to learn about different investment options in the financial domain ### Answer: Just by chance I recently encountered this link - Do It Yourself MFE, which describes an attemp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy stocks of my current employer because of its high dividend yield? ### Answer: Dividend yield is not the only criteria for stock selection. Companies past performance, management, past dea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: why is the money withdrawn from traditional IRA taxed at the ordinary income tax rate? ### Answer: Basically, the idea of an IRA is that the money is earned by you and would normally be taxed at the i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: American living abroad and not working for an American company - tax reporting and bank accounts ### Answer: The IRS taxes worldwide income of its citizens and green card holders. Generally, for thos...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to evaluate growth stocks ### Answer: A classic text on growth stock picking is Common Stock and Uncommon Profits By Philip Fisher, with a 15 point checklist. Here is a summary of the list that y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Choose online stock trading companies ### Answer: This very informative link gives a clear and comprehensive comparison (pros and cons) of various popular brokers: https://www.nerdwallet.com/blog/inve...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Transfer of stock of non-public company after vesting ### Answer: If the company is non-public, your hands are tied. Most startups have a Stock Option Plan with specific rules on the shares. In almost...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the key elements of a sound wealth management plan? ### Answer: While there are many ways to go about developing a plan—do it yourself, use a robo-advisor, work with a financial planner, or a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying off a loan with a loan to get a better interest rate ### Answer: If it's possible in your case to get such a loan, then sure, providing the loan fees aren't in excess of the interest rate diffe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will the stock market continue to grow forever? ### Answer: The answer to your question depends on what you mean when you say "growth". If you mean a literal increase in the aggregate market capitali...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is foreign stock considered more risky than local stock and why? ### Answer: It is very important to note the strength and reputation of the country's regulatory agency. You cannot assume the standard...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which forex brokerage should I choose if I want to fund my account with over a million dollars? ### Answer: Oanda.com is a very respectable broker. They don't offer ridiculous leverage options of 200 ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How's the graph of after/pre markets be drawn? ### Answer: Graphs are nothing but a representation of data. Every time a trade is made, a point is plotted on the graph. After points are plotted, they ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I look for when looking for stocks that are 'on-sale'? ### Answer: Don't invest. Keep cash. And wait till you see a crash in the price of some of your favorite blue chip stocks. But wait t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What exactly is the interest rate that the Fed is going to adjust? ### Answer: While it is true that if the Federal reserve bank makes a change in their rate there is not an immediate change in the ot...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are currency forwards needed? ### Answer: To speak to this a little more broadly: apart from groups like hedge funds and other investors investing for purely speculative purposes, one of the major...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I keep most of my banking, credit, and investment accounts at the same bank? ### Answer: http://www.fdic.gov/deposit/deposits/index.html FDIC currently insures up to $250,000. (I would have p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are variable rate loans ever a good idea? ### Answer: Up to some degree, a higher or lower interest rate means a bit less or a bit more money in your pocket. If the interest rate gets too high, you ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the meaning of “short selling” or “going short” a stock? ### Answer: Rich's answer captures the basic essence of short selling with example. I'd like to add these additional points: You typica...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does “points” mean in such contexts (stock exchange, I believe)? ### Answer: Points are the units of measurement of the index. They're calculated based on the index formula, which in turn based o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does revenue equal gross profit for info product business? ### Answer: What about web-hosting fees? Cost of Internet service? Cost of computer equipment to do the work? Amortized cost of development? ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the incentive for a bank to refinance a mortgage at a lower rate? ### Answer: Banks make money on load origination fees. The "points" you pay or closing costs are the primary benefit to the ba...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages of paying off a mortgage quickly? ### Answer: The main reason for paying your mortgage off quickly is to reduce risk should a crisis happen. If you don't have a house payment,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I cash a cashier's check at any bank? ### Answer: At least in the US, a Cashier's Check is just like a regular personal check - only it's guaranteed by the bank itself, so the person accepting it ...
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: Do mutual funds edit/censor underperforming investments to make their returns look better, and if so, is there any ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why doesn't Japan just divide the Yen by 100? ### Answer: I think the tradition within the country would outweigh any convenience it would have for the rest of the world. The US hasn't even been able...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Covered Call Writing - What affects the price of the options? ### Answer: All else being equal, you should look for more volatile (riskier) stocks. Technically, it was all time value - the entire valu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: (Arizona) Bought a car with financing, do I take it to DMV/DOT? ### Answer: No you dont need to take your car to DMV, They will send you the number plate and registration sticker to your home address....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it wise to invest in a stock with a large Div yield? ### Answer: IMO, what it seems like you've done is nothing more than having screened out a company worth further investigation. The next step wo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are “random” deposits bad? ### Answer: Random deposits are a bit like playing the lotery - especially if one is frequently chasing "hot tips". You might make it big, but the odds are vastly again...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Income in zero-interest environment ### Answer: Dividends. There are blue chip companies that have paid and raised their dividends for 20 or more years. As an example: Altria (MO). There are also ETFs...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: UK Ltd taxation on stocks/bonds income and real estate rent income ### Answer: For stocks, bonds, ETF funds and so on - Taxed only on realised gain and losses are deductible from the gain and not from...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 401k Rollover - on my own or through my financial advisor? ### Answer: Call up vanguard and tell them you want to do a rollover. They walk you through the process. Spend some time on reading up on a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Bond ETFs as a means to achieve risk parity ### Answer: How is it possible that long term treasury bonds, which the government has never defaulted on, can hold more risk as an ETF then the stock marke...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't market indexes use aggregate market capitalization? ### Answer: would constantly fluctuate and provide an indication of how well the market is doing. The index is there to tell if you made p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is most time-efficient way to track portfolio asset allocation? ### Answer: I want to mention I've found 2 options for more powerful tools that can be used to manage asset allocation: Advantages...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paid off oldest CC keep it open or close it? ### Answer: Close the account. The age doesn't outweigh the fact that you have to pay for the card. It would be one thing if the credit line was a couple...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Open Interest vs Volume for Stock Options ### Answer: What if there is only one trading day and the volume is smaller than the open interest on that one trading day. This is assuming there is no o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would there be tax implications if I used AirBnB as opposed to just renting out a unit normally? ### Answer: It actually depends on the services provided. If you're renting through AirBnB, you're like...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing/business with other people's money: How does it work? ### Answer: You can either borrow money... credit card, line of credit, re-finance your home, home equity line of credit, loan, mortgage...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the compound annual growth rate of the major markets? ### Answer: Center for Research in Security Prices would be my suggestion for where to go for US stock price history. Major Asset Classes ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I Use an Investment Professional? ### Answer: Even if we accept these claims as being true, neither the fact that their clients are more confident, nor the fact that people who use an investmen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advantage of Financial Times vs. free news sources for improving own knowledge of finance? ### Answer: I recommend using Morning Brew. They email you a free daily newsletter with the top financial new...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making your first million… is easy! (??) ### Answer: I think there's a measure of confirmation bias here. If you talk to somebody that started a successful business and got a million out of it, he'd s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying extra on a mortgage. How much can I save? [duplicate] ### Answer: Can I pay $12,000 extra once a year or $1000 every month - which option is better? Depends when. If you mean 12K now vs 1K a mo...
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: Just call your credit union and ask if they will let you refinance at the lower rate. If they won't, then just increase your payment every m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advice on strategy for when to sell ### Answer: You sell when you think the stock is over valued, or you need the money, or you are going to need the money in the next 5 years. I buy and hold a lot. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can you correlate a company stock's performance with overall market performance? ### Answer: Generally, if you are trend trading, and if the market as a hole is going up strongly and an individual...
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 am going to give advice that is slightly differently based on my own experiences. First, regarding the financing, I have found...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I diversify $7k across ETFs and stocks? ### Answer: An index fund is inherently diversified across its index -- no one stock will either make or break the results. In that case it's a matter o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks allow more control over credit/debit card charges? ### Answer: quid has expressed some of the disadvantages with this approach, but there is another. Vendors will not want to give you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: car loan life insurance ### Answer: This greatly depends on the local laws and the insurance contract terms. If I remember correctly, my own life insurance policy does also have special terms in case ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: W-4 and withholding taxes for self-employed spouse ### Answer: Littleadv is incorrect because receiving a 1099 means she will be taxed self-employment tax on top of federal income taxes. Your employer...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I cash in a small number of delisted US shares? TLAB ### Answer: If you held the shares directly, the transfer agent, Computershare, should have had you registered and your address from some p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Problems with Enterprise Value and better valuation techniques ### Answer: From Wikipedia: Usage Because EV is a capital structure-neutral metric, it is useful when comparing companies with diverse ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How Do Scammers / Money Launderers Profit From Loans To Victims ### Answer: What was the true reason they wanted to use my accounts for? We wouldn't know the true reason. The scammer can do multiple t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I plan to buy a car in cash, should I let the dealer know? ### Answer: If you buy a car using a loan, the dealer gets benefited by the financing institution by the way of referring fee paid to the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If the co-signer on my car loan dies, can the family take the car from me like they're threatening to? ### Answer: Possession is 9/10 of the law, and any agreement between you and your grandfather is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens if stock purchased on margin plummets below what I have in the brokerage? ### Answer: Different brokerages have different house rules for margin requirements and margin calls. You will l...