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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who can I get to help me roll my 401(k) into an IRA when I live overseas? ### Answer: This is more of a general answer about your situation than a specific answer to your question. You might consider...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What determines price fluctuation of groceries ### Answer: Yes and no. First off, commodity prices reflect the cost of a good about 3 steps back in the retail supply chain; the agreed-upon price for t...
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: What determines price fluctuation of groceries ### Answer: That is true. Since commodities are basically a futures contract, their actual price is not reflected in grocery stores. It is more of a supp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I withdraw from my Roth IRA retirement account to fund a startup? ### Answer: Yes, it is possible to withdraw money from your Roth IRA before retirement (but I wouldn't necessarily advise you to d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I withdraw from my Roth IRA retirement account to fund a startup? ### Answer: There are two methods of doing this Pulling out the money and paying the penalty if any, and going on your way. Having...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I withdraw from my Roth IRA retirement account to fund a startup? ### Answer: Chris's answer is a great start. Keep in mind that when you withdraw from a Roth IRA, you "shrink" the size of the IRA...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When a stock price rises, does the company get more money? ### Answer: Not directly. But companies benefit in various ways from a higher stock price. One way a high stock price can hurt a company is t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When a stock price rises, does the company get more money? ### Answer: No. Not directly. A company issues stock in order to raise capital for building its business. Once the initial shares are sold to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When a stock price rises, does the company get more money? ### Answer: Seems like no one in this thread has heard of "treasury stocks", which indeed allow a company to own and sell its own stock. Thin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When a stock price rises, does the company get more money? ### Answer: When a stock price rises, the company's assets are worth more. This doesn't mean it gets more cash directly, but it can liquidate...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you declare revenues from YouTube earnings in the USA if you are a minor? ### Answer: If you receive a 1099-MISC from YouTube, that tells you what they stated to the IRS and leads into most tax...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you declare revenues from YouTube earnings in the USA if you are a minor? ### Answer: In the USA, you probably owe Self Employment Tax. The cutoff for tax on this is 400$. You will need to file...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is this formula accurate for weighing the difference between an S-Corp and LLC? ### Answer: FICA/SE taxes are not 30%. They are at most ~15%, including the employer portion. Employer also pays FUTA ta...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is this formula accurate for weighing the difference between an S-Corp and LLC? ### Answer: It might be best to step back and look at the core information first. You're evaluating an LLC vs a Corpora...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I find a legitimate, premium credit repair service? ### Answer: Just a word of warning: Most of the companies that promise to repair your credit are scams or close to them. You could just as e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I find a legitimate, premium credit repair service? ### Answer: If the bad credit items are accurate, disputing the accuracy of the items seems at best, unethical. If the bad credit items are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any benefits of FMLA beyond preserving your job? ### Answer: How will your employer treat your pay and benefits status while you're on leave? Disability income coverage and leave policies ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any benefits of FMLA beyond preserving your job? ### Answer: In your situation, it sounds like the only added benefit would be insurance continuance. For employees who can't access short-te...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What benefits do “title search companies” have over physically visiting a land records offices? ### Answer: Title agencies perform several things: Research the title for defects. You may not know what...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What benefits do “title search companies” have over physically visiting a land records offices? ### Answer: Basically what @littleadv said, but let me amplify what I think is the most important point....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy my house from my landlord? ### Answer: Never buy a house unless you really want to buy that house. If you want to buy a rental, look around and find the right rental to buy; saving a few ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy my house from my landlord? ### Answer: Can he legally break your lease if he sells the place? If not I would just keep renting. It doesn't sound like you love the house and you plan on m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy my house from my landlord? ### Answer: There are probably thousands of houses that you could buy. If you want to buy a house, it is very unlikely that the one you are renting right now is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Hourly rate negotiation tips for paid internship ### Answer: Interns are not hired to do work, they are hired so that people at the company can get a look at their abilities in a real situation (not a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Hourly rate negotiation tips for paid internship ### Answer: I am not sure if I would get any benefit besides the hourly payment as an intern. What are the benefits I can expect while working for th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Hourly rate negotiation tips for paid internship ### Answer: They likely have an intern (job title) pay-scale that maxes out somewhere below $30/hr in order to meet the FLSA (that exempt vs non-exempt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: “Debt Settlement Order” Text Spams – How do they work? ### Answer: There are likely to be two approaches: An autodialer of any description would be more than capable of sending an SMS or initiating a ...
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 is the point of the stock market? What is it for, and why might someone want to trade or invest? ### Answer: The stock market is just like any other market, but stocks are bought and sold here. J...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the point of the stock market? What is it for, and why might someone want to trade or invest? ### Answer: I rather like The Ascent of Money, by Niall Ferguson. This comes in several formats. T...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the point of the stock market? What is it for, and why might someone want to trade or invest? ### Answer: In finance, form is function, and while a reason for a trade could be anything, but si...
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: Credit card issued against my express refusal; What action can I take? ### Answer: As far as the banker himself goes, it's a customer service issue. WF is not going to tell you about their internal d...
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: You can always cancel the card and close this account. Consider switching to a bank that has better customer service....
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 believe it is so. It doesn't sound like they did anything outright illegal, just a pushy upsell. You can complain...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's my risk of buying a house for a friend and sell back to him? ### Answer: Risks: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's my risk of buying a house for a friend and sell back to him? ### Answer: This is fraud, the related legal code is "11 USC 548 - Fraudulent transfers and obligations"; also see the wiki page for...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's my risk of buying a house for a friend and sell back to him? ### Answer: Also you would need to consider any taxation issues. As he will be paying you rent you will need to include this as inco...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What tax software automatically determines the best filing status, etc? ### Answer: Rob - I'm sorry your first visit here has been unpleasant. What you are asking for is beyond the capability of mos...
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: How to divide a mortgage and living area fairly? ### Answer: In my opinion, since she will live in one apartment, as will you and your husband, the simplest method is to divide the ratio exactly the s...
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 think what you have here is actually TWO agreements with your sister, and explicitly splitting it into two agreements will bring some cla...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to maximize small business 401k contribution? ### Answer: My understanding is that to make the $18,000 elective deferral in this case, you need to pay yourself at least $18,000. There will be som...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to maximize small business 401k contribution? ### Answer: According to the 401K information from the IRS' website, it seems that you could seemingly get away with a salary as low as $53,000. It's ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to maximize small business 401k contribution? ### Answer: I would hire an accountant to help set this up, given the sums of money involved. $53,000 would be the minimum amount of compensation nee...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: VAT and German freelance working on international project ### Answer: 11 / 111 / 11111 looks like the (old) tax number: it is used by the tax office to know who you are, it isn't good at all for the s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: VAT and German freelance working on international project ### Answer: The VAT number should be equivalent from the point of view of your client. The fact that you are a sole trader and not a limited l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best way for for soon to turn 18 to learn about money? ### Answer: Excellent questions! Asking such questions indicates something special about yourself. The desire to learn and adjust your beliefs ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best way for for soon to turn 18 to learn about money? ### Answer: Do you have a smart phone? Check out the Clark Howard Podcast. I listen every day. Of course you can listen from your computer bu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do consultants or contractors make more money than employees? ### Answer: The benefits and taxes thing, in my opinion is the biggie. Most people don't realize that the cost to the company for a fu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do consultants or contractors make more money than employees? ### Answer: There are a couple of reasons, including: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do consultants or contractors make more money than employees? ### Answer: All the existing answers are right and the general theme is: contracting is a different kind of relationship. It's a busin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do consultants or contractors make more money than employees? ### Answer: In addition to the other answers, consultants and contractors face a real risk (though admittedly small) of not getting pa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do consultants or contractors make more money than employees? ### Answer: The "more money" aspect is only true if you ignore the lack of symmetry between employment and contracting. Consulting is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do consultants or contractors make more money than employees? ### Answer: Note too that being a contractor means that you will unavoidably have periods between contracts; you tend to be out of wor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do consultants or contractors make more money than employees? ### Answer: Contractors earn less. Especially the people that are hired under them. They usually have no education, and base pay; long...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the alternatives to compound interest for a Muslim? ### Answer: There are many Shariah compliant investments, so that could direct your resulting searches. Shariah compliance is a very strict...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the alternatives to compound interest for a Muslim? ### Answer: My understanding of Muslim finance is that you may not lend money at interest, including investing in in things that pay intere...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the alternatives to compound interest for a Muslim? ### Answer: I cannot tell you what is or is not allowed under Islamic law. What I can tell you is that when most investors talk about the "...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the alternatives to compound interest for a Muslim? ### Answer: Invest in growth stocks which do not pay any dividends (Note that some part of the dividends issued by a corporation might be f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the alternatives to compound interest for a Muslim? ### Answer: Because so many businesses make some money through some form of compound interest, like a business that saves its earnings in a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the alternatives to compound interest for a Muslim? ### Answer: I am not sure if these are available today in your country: but supposedly, back when Catholic countries similarly forbade usu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the alternatives to compound interest for a Muslim? ### Answer: In the UK at least, we have Credit Unions. Credit Unions are not-for-profit organisations that don't pay interest on your balan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the alternatives to compound interest for a Muslim? ### Answer: There are lot of options. I personally avoid keeping money in bank accounts and invest in one of the funds. It's just my person...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the alternatives to compound interest for a Muslim? ### Answer: It depends whether you want to be technically compliant with the letter of the law or compliant with the underlying meaning. Fo...
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: There are people (well, companies) who make money doing roughly what you describe, but not exactly. They're call...
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: If they return to their earlier prices Assuming I don't make too many poor choices That's your problem right the...
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: On Black Friday, 1929,the market fell from over 350 to just above 200. If you were following your plan then you ...
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: The technical term for it is "timing the market" and if you can pull it off correctly, you will do quite well. T...
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: Every time you buy or sell a share for some price, somebody must have thought that that was exactly the right mo...
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: The price of a shares reflects the expected future returns of that company. If it does not someone will notice a...
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: As an easy way to answer... look at an index, let's say the S&P 500. Look at the price this last October, and p...
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: The stock market's principal justification is matching investors with investment opportunities. That's only rea...
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: Someone entering a casino with $15 could employ a very simple strategy and have a better-than-90% chance of walk...
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: Plenty of good answers here, but probably the best answer is that The Market relies on suckers...er...investors ...
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: A lot of people have already explained that your assumptions are the issue, but I'll throw in my 2¢. There are a...
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: Playing the markets is simple...always look for the sucker in the room and outsmart him. Of course if you can't ...
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: The problem is that short-term trends are really unpredictable. There is nobody who can accurately predict wher...
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: There are many technical answers above , but the short story to me is that very few active fund managers consist...
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: 2 houses 450k each or one 800k? ### Answer: Having someone else paying you rent is always going to be the better deal financially. The question is, what does $450k buy in the neighborhood in which you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 2 houses 450k each or one 800k? ### Answer: Forget the math's specifics for a moment: here's some principles. Additional housing for a renter gives you returns in the form of money. Additional housing...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 2 houses 450k each or one 800k? ### Answer: Because it appears you have in the neighborhood of 30 years remianing on your mortgage for the first house, If you can sell it you will likely be better off...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is inflation a good or bad thing? Why do governments want some inflation? ### Answer: Sensitive topic ;) Inflation is a consequence of the mismatch between supply and demand. In an ideal world the am...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is inflation a good or bad thing? Why do governments want some inflation? ### Answer: Basically, in any financial system that features fractional reserve banking, the monetary supply expands during ti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is inflation a good or bad thing? Why do governments want some inflation? ### Answer: Inflation, like trade deficits or surpluses, have winners and losers in an economy. Clear losers are people who ar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is inflation a good or bad thing? Why do governments want some inflation? ### Answer: Although there are some good points made here as to the cause of inflation (mostly related to supply and demand), ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is inflation a good or bad thing? Why do governments want some inflation? ### Answer: Inflation is what happens, it is not good or bad in and of itself. But consider the following. In a thriving econ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is inflation a good or bad thing? Why do governments want some inflation? ### Answer: The classic definition of inflation is "too much money chasing too few goods." Within a tight range, say 1-3%, in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is inflation a good or bad thing? Why do governments want some inflation? ### Answer: In general the consensus is that a small amount of inflation (usually 1.5-2% per year) is desirable. That is why ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is inflation a good or bad thing? Why do governments want some inflation? ### Answer: Inflation is an increase in the money supply. Increases in consumer prices follow from inflation. It's not the s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is inflation a good or bad thing? Why do governments want some inflation? ### Answer: If there's no inflation (or alternately there's deflation) people would tend to sit on money and wait for the pric...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is inflation a good or bad thing? Why do governments want some inflation? ### Answer: Inflation is a bad thing. It makes it much more difficult for people to compare prices and prosperity over a long...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is inflation a good or bad thing? Why do governments want some inflation? ### Answer: Inflation is theft! It is caused when banks lend money that someone deposited, but still has claim to - called fr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the costs to establish an LLC and to maintain it? ### Answer: The cost will be around $300-$500 if you do it correctly it in Florida and can be over a $1,000 if you do it in New York (New Yor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the costs to establish an LLC and to maintain it? ### Answer: I'll answer in general terms, since I'm not familiar with the price ranges in Florida. The LLC formation costs $125 (state fee). ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does the share price tend to fall if a company's profits decrease, yet remain positive? ### Answer: It has got to do with market perceptions and expectation and the perceived future prospects of t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does the share price tend to fall if a company's profits decrease, yet remain positive? ### Answer: The company's value (which should be reflected in the share price) is not how much money it has ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does the share price tend to fall if a company's profits decrease, yet remain positive? ### Answer: You are omitting how the company made 120 million in the previous year and may be facing a shrin...