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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Risk tolerance as I age ### Answer: You say you have 90% in stocks. I'll assume that you have the other 10% in bonds. For the sake of simplicity, I'll assume that your investments in stocks are in nic...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I find an ideal single fund to invest all my money in? ### Answer: Not sure what your needs are or what NIS is: However here in the US a good choice for a single fund are "Life Cycle Funds". H...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who can truly afford luxury cars? ### Answer: I will answer the question from the back: who can NOT afford luxury cars? Those whose parents paid for their college education, cannot afford luxury cars,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a free, online stock screener for UK stocks? ### Answer: Most free stock screeners for UK stocks, even those mentioned above, are very poor and not worth the effort really, and searching for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why invest in becoming a landlord? ### Answer: As a landlord for 14 years with 10 properties, I can give a few pointers: be able and skilled enough to perform the majority of maintenance because this ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to sell option with no volume ### Answer: Volume @ 0 doesn't mean that there are no buyers and sellers, it just means that there hasn't been any trades done yet. What you need to look for are the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is 0% credit card utilization worse than 1-20% credit card utilization for any reason other than pure statistics? ### Answer: One rule of thumb is that having regular activity on at least three differ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing: P/E Ratio basic question ### Answer: Let's take a step back. My fictional company 'A' is a solid, old, established company. It's in consumer staples, so people buy the products in good time...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a Canadian establish US credit score ### Answer: Sorry. As far as I know, a person's SS is the only way to establish credit. This is the first thing they ask whenever you apply for any service...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does one's personal credit history affect one's own company's credit rating? ### Answer: For a newly registered business, you'll be using your "personal" credit score to get the credit. You will ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any hedged international funds in India? ### Answer: There aren't and for a good reason. The long term trend of INR against USD, GBP, EUR and other harder currencies is down. Given the infla...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Howto choose a marketplace while submitting an order for a stock trade ### Answer: It depends on your cost structure and knowledge of the exchanges. It could be optimal to make a manual exchange selec...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I start investing in property with $10,000 deposit and $35,000 annual wage ### Answer: I would strongly, strongly advise against it. Others here are answering the question of, having decided to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My company owed taxes for many years, An accountant asked me to ignore it and register a new one. Is it a right thing to do? ### Answer: I think the first step is to get an accountant whose advice you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How long should I keep my bills? ### Answer: I'd imagine you want to keep the utility bills around to dispute any historical billing errors or anomalies for perhaps 6 months to a year. Beyond that, yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it safe to take a new mortgage loan in Greece? ### Answer: Please clarify your question. What do you mean by "..loan in Greece"? If you are referring to taking a mortgage loan to purchase residenti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a company select a particular price for its shares? ### Answer: In the case of an "initial public offering", the brokers underwriting the share issue will look at the current earnings being g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are TD e-Series Funds worthwhile, or am I better off with ETFs? Why or why not? ### Answer: TD e-series index funds are great for regular contributions every paycheck since there is no trading commiss...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who could afford a higher annual deductible who couldn't afford a higher monthly payment? ### Answer: I edited in the total annual out of pocket for each level to help illustrate what's going on. Your...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What exactly do fund managers of index trackers do? ### Answer: From How are indexes weighted?: Market-capitalization weighted indexes (or market cap- or cap-weighted indexes) weight their securitie...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to my position if I hold some stocks of a company that gets acquired? ### Answer: The stockholders of company A vote to approve or disapprove the buy out. That is the only control you hav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Owing state tax Interest and a result of living in Maryland and working in Virginia ### Answer: Ultimately, you are the one that is responsible for your tax filings and your payments (It's all linked ...
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: Between now and October, your $3,000 will earn $30 in your savings account. If you are late on a payment for your 0% loan, your interest rate will skyrocket...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Capital losses on early-purchased stock? ### Answer: Yes When exercising a stock option you will be buying the stock at the strike price so you will be putting up your money, if you lose that money yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In a competitive market, why is movie theater popcorn expensive? ### Answer: While many answers correctly cite the effect of monopoly power.... there is a cost issue that no one has yet posted. I fir...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is expense to freelancers tax deductible? ### Answer: Yes, legitimate, documented, expenses are written off against that income. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I calculate the volatility(standard deviation) of a stock price? and/or ROI (return on investment) of a stock? ### Answer: the "how" all depends on your level of computer savvy. Are you an Exc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Good habits pertaining to personal finance for someone just getting started? ### Answer: If you are not working, I believe you would be getting some money from your family to meet your expenses. In su...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I got my bank account closed abruptly how do I get money out? ### Answer: First, make sure you are contacting the bank directly - use an old invoice you have on hand with a phone number direct to the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is everyone saying how desperately we need to save money “in this economy”? ### Answer: Saving some money for the future is a good idea. But how much to save is a tough question. I retired with ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much principal do I get back with a target-maturity ETF? ### Answer: Adding a couple more assumptions, I'd compute about $18.23 would be that pay out in 2018. This is computed by taking the Curre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Gold futures' margin ### Answer: The initial margin is $5940 and maintenance margin $5400. A simple search of Comex Gold Margin gives the CME group site. You then need to specify CMX metals to see th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Germany: Employee and Entrepreneur at same time (for getting AppStore payments) ### Answer: In Germany you can register a Einzelunternehmen and receive payments into your personal bank account with a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do stock prices drop due to dividends? ### Answer: Yes, the stock price drops on the ex-dividend date by roughly the amount of the dividend. There is even academic research testing this and confirming...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In a competitive market, why is movie theater popcorn expensive? ### Answer: I think because that high price and the fact that you anyway have a limited time to buy it before the movie starts maximize...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Opportunity to buy Illinois bonds that can never default? ### Answer: Can't declare bankruptcy isn't the same as "can't default". Bankruptcy is a specific legal process for discharging or restructuri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I deduct or capitalize the cost to replace a water heater in my rental property? (details Below) ### Answer: If you're repairing an existing appliance - its an expense. If you're replacing an e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How safe is a checking account? ### Answer: Money in a U.S. checking account is FDIC insured, so it's "safe" in the sense that you don't have to worry about a run on the bank or going out of business....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Total gain of portfolio including sold stocks? ### Answer: You could create your own spreadsheet of Cash Flows and use the XIRR function in Excel: The formula is: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is network marketing? ### Answer: Network Marketing (also called multi-level marketing) isn't necessarily a skill that you learn in a course. It's a type of business model that's used by companie...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there cons to paying monthly bills with a rewards card and then paying it off monthly? ### Answer: Some accounts, such as my electric, and payments to the tax collector charge a significant enough...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Got a large cash sum, wanna buy stocks. Should I buy all at once, or spread it over time? ### Answer: When you hear advice to buy index funds, that usually comes with two additional pieces of investme...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the marks of poor investment advice? ### Answer: If you see something that looks like a sales pitch, be skeptical, even if they sound informed, say things which resonate with your concerns an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Diversify my retirement investments with a Roth IRA ### Answer: Yep, most 401k options suck. You'll have access to a couple dozen funds that have been blessed by the organization that manages your acc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stopping Payment on a Check--How Long Does it Take? ### Answer: Is this a USA bank to a USA bank transaction? If so, it will clear in one to two business days. Once cleared, the landlord cannot stop...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying estimated taxes in a quarter with losses ### Answer: Yes, if you're caught up you can skip the quarter. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit and Debit ### Answer: It took me a while to understand the concept, so I'll break it down as best as I can. There are three parts to the accounting equation: Assets = Liabilities + Owner's Equ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do if my aging father is sustaining a hobby that is losing several thousand dollars every month? ### Answer: If this was going on in the UK, I would try to get a mental capacity assessment don...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the most correct way to calculate market cap for multi-class companies? ### Answer: From their 10-K pulled directly from Edgar: As of October 22, 2015, there were 291,327,781 shares of Alphabe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advantages of Shareholder over Director in new Company ### Answer: I don't know Australian law, but I will give my US perspective here. The custom in the US is for officers and directors to be indemn...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock portfolio value & profit in foreign currency ### Answer: It's very simple. Use USDSGD. Here's why: Presenting profits/losses in other currencies or denominations can be useful if you want to s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What reason would a person have to use checks in stores? ### Answer: Here's another rational reason: Discount. This typically works only in smaller stores, where you're talking directly to the owners,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to chose index funds, mutual funds from a plethora of options (TD Ameritrade) ### Answer: One thing to be aware of when choosing mutual funds and index ETFs is the total fees and costs. The TD Ame...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What strategies can I use to make sure my wealth is passed on to future generations? ### Answer: Generational wealth means wealth that is passed down from one generation to the next. You may also hear...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can saving/investing 15% of your income starting age 25, likely make you a millionaire? ### Answer: Other people have already demonstrated the effect of compound interest to the question. I'd like to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I replace Microsoft Money with, now that MS has abandoned it? ### Answer: I use GnuCash which I really like. However, I've never used any other personal finance software so I can't really co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax exemptions for US stocks held in a Candian account ### Answer: The dividend tax credit is not applicable to foreign dividend income, so you would be taxed fully on every dollar of that income. Whe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculating profits on a covered call. What method do you use? ### Answer: yes, you are double counting. Your profit is between ($7.25 and $8) OR ($7.75 and $8.50). in other words, you bought the stoc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why Are Credit Card Rates Increasing / Credit Limits Falling? ### Answer: Of course your situation is very hurtful at a personal level, and I sympathize. I just don't get your point about being driven...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is this type of risk-free investment called? ### Answer: This sounds a lot like an Equity-indexed Annuity. They date from about 1996 (there is a bit of skepticism about them, as they are tricky ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the important differences between mutual funds and Exchange Traded Funds (ETFs)? ### Answer: The main difference between an ETF and a Mutual Fund is Management. An ETF will track a specific i...
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: (Leaving aside the question of why should you try and convince him...) I don't know about a very convincin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How long can a company keep the money raised from IPO of its stocks? ### Answer: Yes, that is correct. There is no limit. An initial public offering of common stock by a company means that these shar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I consider when choosing a wealth management firm? ### Answer: Hiring a wealth management firm is a big decision that requires careful consideration. Rather than focusing on price alone, l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How separate individual expenses from family expenses in Gnucash? ### Answer: In your words, you want to "easily determine whether an item was purchased as part of our individual accounts, or our comb...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the consequences of not respecting a notice period when leaving a job? ### Answer: When I was pursuing my Business Degree in Canada we were told the standard notice period is 2 weeks on both ...
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: I just had a reverse split done 1 to 35. I went from 110,000 shares and a negative 13k to 3172 shares, and I still had a negative 13k...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can capital gains be used to fund an IRA with tax advantages? ### Answer: As littleadv suggested, you are mixing issues. If you have earned income and are able to deduct an IRA deposit, where those ac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to reconcile a credit card that has an ongoing billing dispute? ### Answer: You could make an entry for the disputed charge as if you were going to lose the dispute, and a second entry that revers...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean that stocks are “memoryless”? ### Answer: This is an interesting question that may actually be better suited to Quant.SE. First of all, stock prices are random variables, or, to be m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When is it better to rent and when is better buy in a certain property market? ### Answer: For US punters, the Centre for Economic and Policy Research has a Housing Cost Calculator you can play with. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I get my property taxes lowered? ### Answer: There is no relationship between the government appraisal and the mortgage appraisal. The loan appraisal is done by a lender to determine if the prope...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to pay an insurance deductible, or get an upgrade? ### Answer: I would go for the upgrade and cancel the insurance. It's been 5 years since I left the post paid subsidized phone world and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is insurance worth it if you can afford to replace the item? If not, when is it? ### Answer: Another factor to consider is that resale value of the laptop is quite bit more if it is still under warran...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the Yale/Swenson Asset Allocation Too Conservative for a 20 Something? ### Answer: I think Swenson's insight was that the traditional recommendation of 60% stocks plus 40% bonds has two serious fla...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I spend too much money. How can I get on the path to a frugal lifestyle? ### Answer: For the most part, saving money usually depends upon having a budget and being able to stick to it. The toughest pa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do “Instant Approved” credit card inquires appear on credit report? ### Answer: Those two hard inquiries will only count as one on your score because you applied for the two cards immediately one afte...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does “balance sheet banks” mean in this context? ### Answer: The balance sheet for a bank is the list of assets and liabilities that the bank directly is responsible for. This would be things li...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying insurance (extended warranty or guarantee) on everyday goods / appliances? ### Answer: I usually say "no thank you", but if the salesperson gets pushy I say "if I need insurance, I guess I won'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy a home or rent in my situation? ### Answer: First, let me mention that the reasons mentioned this far for renting are excellent ones. But, I disagree. Second, I would like to mention that...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tips for insurance coverage for one-man-teams ### Answer: While the OP disses the health insurance coverage offered through his wife's employer as a complete rip-off, one advantage of such coverage is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off my 50K of student loans as quickly as possible, or steadily? Why? ### Answer: Two things you should consider about paying off student loans ahead of the 10 year amortization schedule:...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I want to take cash from Portugal to the USA, should I exchange my money before leaving or after arriving? ### Answer: in my experience no-cash transactions are the best deal. Take your Portuguese ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have about 20 000 usd. How can invest them to do good in the world? ### Answer: One of the best things you can do for this purpose, while getting a modest ROI on a passive investment, is invest in a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a building with two flats, can I rent one out and still get a residential mortgage? ### Answer: It depends on the terms of the mortgage. Generally speaking, residential mortgages specifically p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good rental yield? ### Answer: Our two rentals have yielded 8.5% over the past two years (averaged). That is net, after taxes, maintenance, management, vacancy, insurance, interest. I am onl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: value of guaranteeing a business loan ### Answer: You are confining the way you and the other co-founders are paid for guaranteeing the loan to capital shares. Trying to determine payments by equity d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Townhouse or stand-alone house for a first home? ### Answer: Houses tend to appreciate more than condos. Houses are also more expensive. So it's a choice. You mention your girlfriend will be buying it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people use mortgages, when they could just pay for the house in full? ### Answer: The advantage of using a mortgage is that you pay for a house at TODAY's price, using TOMORROW's money. Your qu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what point do index funds become unreliable? ### Answer: As more actively managed funds are driven out of the market, the pricing of individual stocks should become less rational. I.e. more stocks ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mortgage vs. Cash for U.S. home buy now ### Answer: Buying now with a mortgage gets you: Waiting to buy with all cash gets you: These are also some of the pros or cons for the rent or buy dilemma that...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have $10,000 sitting in an account making around $1 per month interest, what are some better options? ### Answer: What is your risk tolerance? Personally I invest about $5k in digital currency as a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the implications of a corporate stock repurchase or share buyback program? ### Answer: The future shares will be fewer in number, yet have claim to less cash in the bank. All in all, there's ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Insurance broker - Online vs. physical location? ### Answer: Traditional insurance agent guy here. There is no right answer in my opinion because your individual needs cannot be generalized. Ther...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are bonds affected by the Federal Funds Rate? ### Answer: The federal funds rate is one of the risk-free short-term rates in the economy. We often think of fixed income securities as paying this r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would anyone want to pay off their debts in a way other than “highest interest” first? ### Answer: In some cases, it might be rational to pay low-interest debt first, because the consequences of d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Did basically all mutual funds have a significant crash in 2008? ### Answer: I will solely address your fear because from what I read you fear investing in something that could possibly go down in the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How credible is Stansberry's video “End of America”? ### Answer: If we postulate that there is at least some element of truth to the phrase 'A leopard does not change his spots' and then consider thi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ideal investments for a recent college grad with very high risk tolerance? ### Answer: You have a high risk tolerance? Then learn about exchange traded options, and futures. Or the variety of markets ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I am looking for software to scan and read receipts ### Answer: Scanning receipts is easy and any decent scanner will do a good job for you. The difficult part is the software that 'extracts' the data...