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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Simple and safe way to manage a lot of cash ### Answer: Overall I think your idea is sound. The key here is to choose that 401k provider wisely and have a specific asset allocation plan (like Joe men...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does “check payable to” mean? ### Answer: It is your name, or the fictitious name under which you operate. For example, if your freelance front end is called "Zolani the 13th, LLC", then that's t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Obtaining Pound Sterling Cheque in US to pay for family history records from England? ### Answer: Most US banks don't allow you the ability to draft a foreign currency check from USD. Though, I know C...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the fuss about identity theft? ### Answer: Everything lies in In the end. How many days/weeks/months/years can you wait for your money back? ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If the U.S. defaults on its debt, what will happen to my bank money? ### Answer: There are many different things that can happen, all or some. Taking Russia and Argentina as precedence - you may not b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I Fundamentally Analyze this Stock so I may see if the Company is Running Well? ### Answer: a) Nothing would support this company going back to $.50 per share b) Fundamentally the market for th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do financial institutions charge so much to convert currency? ### Answer: All institutions, financial or otherwise, seek to maximize profits. In a free market, each bank would price its services t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I buy stocks directly from a public company? ### Answer: Yes, you often can buy stocks directly from the company at little or no transaction cost. Many companies have either a Dividend Reinvestme...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I owe taxes if my deductions are higher than my income? ### Answer: There's one factor the previous posters apparently missed here: You say "self-employment tax"--in other words, at least some of t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What ETF best tracks the price of gasoline, or else crude oil? ### Answer: UNG United States Natural Gas Fund Natural Gas USO United States Oil Fund West Texas Intermediate Crude Oil UGA Un...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to convince someone they're too risk averse or conservative with investments? ### Answer: Introduce him to the concept of Inflation Risk, and demonstrate that being too conservative with your inve...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't you just have someone invest for you and split the profits (and losses) with him? ### Answer: Written with some mild snark , but no insult intended, because financial stuff can be ridiculous...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to manage 20 residential apartments ### Answer: There are many property management companies are available in India. You can easily find trusted companies just searching on the google. They manage...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What options do I have at 26 years old, with 1.2 million USD? ### Answer: Something not in answers so far: define your goals. What is important to you? My goals, if I were in your shoes, would inclu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do with an expensive, upside-down car loan? ### Answer: The answer depends on your wife's overall situation, whether you are in a community property state, and other factors. I'm assuming that...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I charge my children interest when they borrow money? ### Answer: Tell them you will not loan them any more money until their existing debts are paid off. This is closer to how the real world w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some good ways to control costs for groceries? ### Answer: All excellent answers. Scott W. already mentioned to look out for sales and many other answers are ways to be smart with portions: ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are there many small banks and more banks in the U.S.? ### Answer: First, is population density. You didn't say where exactly, but for example here in Tampa, Wells Fargo has 25 branches in the are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a company charge you for services never requested or received? ### Answer: No. A company cannot bill you for services you did not request nor receive. If they could, imagine how many people would ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why pay for end-of-day historical prices? ### Answer: There are several reasons to pay for data instead of using Yahoo Finance, although these reasons don't necessarily apply to you if you're only pla...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens if a purchase is $0.02 in Canada? ### Answer: I'd imagine in this extreme edge case it would round down to $0. I can't fathom what makes $10.02 or $153.02 any different from $0.02. ###e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which is the most liquid market for trading? ### Answer: I would rate index futures, in particular the US index futures (e.g. the S&P 500 future) as the most liquid markets after the forex markets. ##...
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: Increase in A/R in balance sheet includes the A/R of acquired businesses. Change in A/R in cash flow s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a straddle? ### Answer: Came across this very nice video which explains the "Long Straddle". Thought will share the link here: http://www.khanacademy.org/finance-economics/core-finance/v/long-...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What options do I have at 26 years old, with 1.2 million USD? ### Answer: Since you mentioned moving, you can buy real state very cheap here in Mexico that will give you income monthly. I will tell yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's The Best Way To Pay Off My Collections? ### Answer: If you can pay it then there's no need to involve a credit counselor. After all, their main role when you use them is to negotiate payments ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment strategy for a 20 year old with about 30k in bank account ### Answer: Thank you for your service. My first suggestion since your car is a planned for the near future is keep that amount in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it sensible to redirect retirement contributions from 401(k) towards becoming a landlord? ### Answer: This is going to seem pretty far off the beaten path, but I hope when you finish reading it you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you buy out a pink sheet listed company by purchasing all of the oustanding shares? ### Answer: Depends on the structure of the company and what shares are outstanding. If the pink sheet stock ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the differences between a REIT and an MLP? ### Answer: A REIT is a real estate investment trust. It is a company that derives most of its gross income from and holds most of its assets in rea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are capital gains taxed at a lower rate than normal income? ### Answer: Were capital gains taxes not lower, companies would have an incentive to minimize the portion of the value they create that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First job: Renting vs get my parents to buy me a house ### Answer: Personally, I started renting out because I couldn't afford to buy a place but now I'm quite comfortably past that point. My three m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Looking for a good source for Financial Statements ### Answer: You can access financial statements contained within 10K and 10Q filings using Last10K.com's mobile app: Last10K.com/mobile Disclosure: I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to gift money anonymously to an individual after collection thru a donation site? ### Answer: Regarding the tax implications half of your question ... There seem to be a lot of articles that say t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where do stock traders get realtime updates on Fed announcements? Is there a feed I could scrape? ### Answer: Bloomberg terminal is a pretty standard way nowadays to get this information (and a lot mo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Vanguard Mutual Funds — Diversification vs Share Class ### Answer: If I were in your shoes I'd probably take the Vanguard Total Market fund with Admiral shares, then worry about further diversificatio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Indie Software Developers - How do I handle taxes? ### Answer: First of all, consult an accountant who is familiar with tax laws and online businesses. While most accountants know tax laws, fewer know...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why real estate investments are compared via “cap rate”? ### Answer: Cap rate includes any interest on the mortgage and not the repayments of the mortgage. Cap rate represents the net income which is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paid credit card bill, but money didn't leave my checking account [duplicate] ### Answer: This is normal for credit cards. As long as you make the credit card company's cutoff time, they will make th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the catch with biweekly mortgage payments? ### Answer: Interest is a fee that you pay in order to use someone else's money. Once you've made the deal, pretty much anything you do that reduces t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a stock holder profit from a reverse-stock split? ### Answer: These are not real gains. Wherever you're looking this up, the prices are not adjusted for corporate actions. In a reverse stock spli...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What evidence exists for claiming that you cannot beat the market? ### Answer: No such evidence exists, because many people do beat the market. And many people fail to earn market rate of return. The ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does giving to charity work? ### Answer: I'll answer your second question: it depends what your charity is for. There are two types: i) Emergency (i.e. to respond to environmental or social disast...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Efficient International money transfer ### Answer: Typical wire transfers are not with 4-5%; but it all depends on the bank that does the transfer. You can chose to send ('wire') the money in source c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debit card for minor (< 8 y.o.) ### Answer: In the UK, the Osper card would do the trick exactly. The closest thing I can find in the US is the USAA Youth accounts which appear to be what you need but...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages of a Swiss bank account? ### Answer: A lot of Americans have used Swiss bank accounts to avoid paying taxes. However recently several large Swiss banks have started disclosing ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying USA Stocks from Sri Lanka ### Answer: Verify if a local bank offers to participate in different stock markets - big companies like apple or facebook often gets traded on different markets - lik...
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: The original poster indicates that he lives in the UK, but there are likely strong similarities with the US banking system...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Put on a put option ### Answer: I doubt that this exists, but it could theoretically. After all, a share is kind of an option to a company's future success, and so a call is already a second level on ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First time homeowner and getting a mortgage? ### Answer: Check with you local bank where you have an account. Sometimes they can offer a discount that results in a good rate. I just refinanced a mont...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Costs around a modern crowd-sourced hedge fund ### Answer: Your inference in #1 is incorrect. The million dollars he has contributed is going to be part of the assets of the fund. This is common pra...
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: Normally if the amount of a cashiers check is over $5,000, a bank (like Wells Fargo) may put a 10 business day hold on it to make sure the transac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Bank statements - should I retain hardcopies for tax or other official purposes (or keep digital scanned copies)? ### Answer: I am in the United States. There is no need to keep the statements in any ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a person protect his savings against a country default? ### Answer: The default of the country will affect the country obligations and what's tied to it. If you have treasury bonds, for exampl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What exactly happens during a settlement period? ### Answer: During the settlement period, the buyer transfers payment to the seller and the seller transfers ownership to the buyer. This is really a h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to read options prices ### Answer: This is exactly how I started, starting a simulation account on the CBOE website just to see what situation was profitable because it was all greek to me. Actual...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to Transition From Employee to Employer? ### Answer: Having been both I see the pros and cons Employers: I personally hated all the paperwork. Government forms, legal protection, insurance, taxes...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why could rental costs for apartments/houses rise while buying prices can go up and down? ### Answer: At 5%, this means you expect rents to double every 14 years. I bought a condo style apartment 28 y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Over how much time should I dollar-cost-average my bonus from cash into mutual funds? ### Answer: Canadian Couch Potato has an article which is somewhat related. Ask the Spud: Can You Time the Markets...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you deduct hobby expenses up to hobby income in Canada? ### Answer: Yes, your business needs to be in the business of making money in order for you to deduct the expenses associated with it. I sup...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Selling RSUs that vested at different values ### Answer: No, you're not missing anything. RSUs are pretty simple when it comes to taxes. They are taxed as compensation at fair market value when they v...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing in the stock market during periods of high inflation ### Answer: The relation between inflation and stock (or economic) performance is not well-understood. Decades ago, economists thought i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some sources of information on dividend schedules and amounts? ### Answer: There are dividend newsletters that aggregate dividend information for interested investors. Other than specialized...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying restaurants in cash instead of credit card - how signficant is this? ### Answer: The biggest advantage to small business owners paid in cash is not that it might save the 2 or 3 percent that wo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the dominant investing advice for individuals to use mutual funds, exchanged traded funds (ETFs), etc ### Answer: Funds - especially index funds - are a safe way for beginning investors to get ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do new car loans, used car loans, and refinanced loans have different rates and terms? ### Answer: There are normally three key factors that define different kinds of loans, these factors affect t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a car loan bad debt? ### Answer: The good debt/bad debt paradigm only applies if you are considering this as a pure investment situation and not factoring in: A house is something you live in and a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best Time to buy a stock in a day ### Answer: The best thing to do is not worry about what time is best to buy but put in a conditional order before the market opens. If your conditions are met during...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can cold-callers know about my general financial status ### Answer: Just a note about cold callers: I own a phone which I use solely for software development purposes. It has a SIM card that I bou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do credit cards have minimum limits? ### Answer: I believe it's just to limit the less well-off from acquiring one. If your credit history and income do not support a $15,000 credit limit, then do...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the price of my investment only updated once per day? ### Answer: Mutual funds are only traded once per day, while other securities can be traded any time during the day. Mutual funds are actua...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Deduct Health Care Premiums for Family When Employer Only Pays for Me ### Answer: You can deduct what you pay for your own and your family's health insurance regardless of whether it is subsidized by ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why should a company go public? ### Answer: Most businesses want to grow, and there are a variety of ways to raise the money needed to hire new employees and otherwise invest in the business to increa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to prevent myself from buying things I don't want ### Answer: To me, your question emphasizes something I've heard many times before: personal finance is as much or more about behavior than it is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What investments are positively related to the housing market decline? ### Answer: A possibility could be real estate brokerage firms such as Realogy or Prudential. Although a brokerage commission is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there online brokers in the UK which don't require margin account? ### Answer: Most UK stock brokers don't require or allow margin trading. A quick web search for 'UK share dealing comparison' sh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock doesn't pay dividends, then why is the stock worth anything? ### Answer: Most companies get taken over eventually. More to the point, ANY company with a public float over 50 percent that's ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can signing up at optoutprescreen.com improve my credit score? ### Answer: If you are the type of person that gets drawn in to "suspect" offers, then it is conceivable that if you are not signing the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Bond prices: Why is a high yield sometimes too good to be true? ### Answer: Looking at the list of bonds you listed, many of them are long dated. In short, in a rate rising environment (it's not like ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First time home buyer. How to negotiate price? ### Answer: No offer is too low. You can always offer more but you can't offer less once you have made your first offer. And there is always another grea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stocks suitable for mid term money storage? ### Answer: You have several options depending on your tolerance for risk. Certainly open an investment account with your bank or through any of the pop...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options profit calculation and cash settlement ### Answer: Marketwatch reports that the 108 strike call option sells for 1.45, down 1.53 from yesterday. If we split the bid and ask you get 1.415. Tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wife sent to collections for ticket she paid ten years ago ### Answer: I had this happen to me with parking ticket when I was still in school. The tickets were issued by the school police and later d...
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: I am surprised no one has mentioned the two biggest things (in my opinion). Or I should say, the two biggest things to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens if the term insurance company closes? ### Answer: This depends on the jurisdiction, but such companies are typically subject to regulations (and audits) that require them to keep the cust...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What percent of your portfolio should be in a money market account? ### Answer: I would disagree with your analysis. To me there are two purposes for a money market (MM): Your emergency fund should b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Automate Savings by Percentage on varying paychecks? ### Answer: You just need to average out the weekly hours and income over the year. So if his yearly income is $100,000 p.a. then this would averag...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to invest in a currency increasing in value relative to another? ### Answer: The increase of currency value in relation to another is a critical determinant of the economic health. It plays an imp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Auto insurance on new car ### Answer: Auto insurance is a highly personalized item, so depending on your driving record and other factors, $600 a month for full coverage may be as good as you can get....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate car insurance quote ### Answer: Former software developer at an insurance company here (not State Farm though). All of the above answers are accurate and address how the business anal...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is retirement planning so commonly recommended? ### Answer: In addition to the choice that saving for retirement affords - itself a great comfort - the miracle of compounding is so great that even...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tutoring Business Payroll Management ### Answer: This is going to depend on the tax jurisdiction and I have no knowledge of the rules in Illinois. But I'd like to give you some direction about how to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why doesn't GnuCash auto-reconcile non-bank accounts? ### Answer: The answer is just close your eyes and ignore it (in your words). I'm right there with you, the amount of detail that I track in my pe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Benjamin Graham: Minimum Size of the company ### Answer: If you look at the value as a composite, as Graham seems to, then look at its constituent parts (which you can get off any financials sheet the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Including the region where you live in your investment portfolio? ### Answer: The problem is aggregating information from so many sources, countries, and economies. You are probably more aware of loc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: valuing options ### Answer: Below I will try to explain two most common Binomial Option Pricing Models (BOPM) used. First of all, BOPM splits time to expiry into N equal sub-periods and assumes that i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would you ever turn down a raise in salary? ### Answer: There is currently a bill in Washington that will change the limit for salaried employees receiving overtime pay. It will be raised to $5040...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what percentage drop should you buy to average down ### Answer: TL;DR; There is no silver bullet. You have to decide how much to invest and when on your own. Averaging down definition: DEFINITION ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a larger down payment make an offer stronger? ### Answer: There is considerable truth to what your realtor said about the Jersey City NJ housing market these days. It is a "hot" area with lots of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I calculate ownership percentage for shared home ownership? ### Answer: Once your sister and you make your first payments, you've paid $20,645, and your sister has paid $1400. But your sister a...