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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying from an aggressive salesperson ### Answer: There are few main reasons I can think of that the salesperson would do this: A lot of people assume it's the 3rd option always. But if the person is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is losing money in my 401K normal? ### Answer: Depends on how the money is invested within the 401k... but in general, prices move both up and down with a long-tem bias toward up. Think of it this wa...
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 is the yearly return NOT including your mortgage. Everyone will finance the property differently. From 0% - 100% down. Th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I make over 120k a year, what are my options for retirement plans? ### Answer: Put in the maximum you can into the 401(k), the limit should be $16,500 so long as the highly compensated rules don't ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you buy gift cards at grocery store to receive a higher reward rate? ### Answer: If you go to a grocery store and purchase retail gift cards along with other products, and you pay with a credit ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How an ETF reinvests dividends ### Answer: Let me answer by parts: When a company gives dividends, the share price drops by the dividend amount. Not always by that exact amount for many different rea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What implications does having the highest household debt to disposable income ratio have on Australia? ### Answer: Stock market Tends to follow the DJIA and FTSE, so unlikely to see an Australia-only ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I lease, buy new, or buy used? ### Answer: I think you're dancing with the line here, this question is hard to back up without opinions and could really be three different questions. I'm going ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should you always max out contributions to your 401k? ### Answer: First, the limit this year is $16,500, $22,000 for age 50 or older. Next, does the company give you any match? If so, how much? Some w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Money market account for emergency savings ### Answer: So long as you have complete, virtually instant access to funds through checks, debit card, or ATM transaction, then yes it would be a better opt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advantages/disadvantages of buying stocks on dips vs buying outright? ### Answer: If your stock is rising and you want to buy on a dip, the best way to do this is by looking at the chart and incorpora...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shouldn't a Roth IRA accumulate more than 1 cent of interest per month? ### Answer: Unfortunately for investors, returns for equity-based investments are not linear - you'll see (semi-random) rises an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Finding stocks following performance of certain investor, like BRK.B for Warren Buffet ### Answer: Since nobody seems to have an answer here is the list I've came up so far: I'll keep adding to the li...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I invest $35,000 for 3-5 months? [duplicate] ### Answer: Is it possible to profit from some of this money in the short term before I need to access it? Sure, it's possible. But if the stock ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Car insurance (UK) excludes commute to and from work, will not pay on claim during non-commute ### Answer: Having worked in insurance, I can give you a few pointers. Firstly, state that you "may have ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I figure out if I will owe taxes ### Answer: Do I get a write off for paying student loans? Maybe. See https://www.irs.gov/publications/p970/ch04.html Generally, personal interest you pay, oth...
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: My approach won't work for everyone, but I keep a longer list of things I want in my head, preferably including higher value items. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do bank statements end on *SUCH* wildly inconsistent days of the month? ### Answer: Looking at your dates, I think I see a pattern. It appears that your statement closing date is always 17 busine...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Determining current value for real estate for inheritance purposes ### Answer: how is this new value determined? According to Publication 551: Inherited Property The basis of property inherited from a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are Index Funds really as good as “experts” claim? ### Answer: Comparing index funds to long-term investments in individual companies? A counterintuitive study by Jeremy Siegel addressed a similar que...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When is an option a certain number of strikes in the money? e.g. “two strikes in”? ### Answer: I have traded options, but not professionally. I hadn't come across this terminology, but I expect it cou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Direct access to the currency exchange market ### Answer: Is my observation that the currency exchange market is indirect correct? Is there a particular reason for this? Why isn't currency traded like...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Specifically when do options expire? ### Answer: Here is the answer from my brokerage: Regular equity monthly options expire on the 3rd Friday of every month. The last time to trade them is by market ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean “sell on ask” , “sell on bid” in stocks? ### Answer: Bid and ask prices are the reigning highest buy price and lowest sell price in the market which doesn't mean one must only buy/se...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is forward P/E calculated using current price(if yes, how useful is it)? ### Answer: P/E can use various estimates in its calculation as one could speculate about future P/E rations and thus could det...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are you preparing for a possible dollar (USD) collapse? (How?) ### Answer: I am not preparing for a sudden, major, catastrophic collapse in the US dollar. I am, however, preparing for a significant bu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I even need credit cards? ### Answer: You don't need credit cards but there are few benefits, if you pay them off right away I assume you do have a debit card, since sometimes (like unattended gas ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When to use a stop limit order over a stop order ### Answer: I would be using stop limit orders for stocks that are not too volatile. If you look at the chart and there are not many gaps especially af...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax me more: Can I pay extra to the government so I don't have to deal with all this paperwork? ### Answer: Perhaps the real question you are asking is "How can the tax code be fixed to make it simple...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Cashing a cheque on behalf of someone else ### Answer: It's possible to cash cheques by post. When I did this, it involved filling out a "paying-in slip" (I had a book of these provided by the bank) a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is person-person lending/borrowing protected by law? ### Answer: By protected you mean what exactly? In the US, generally you'd get a promissory note signed by B saying "B promises to repay A such and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you explain why it's better to invest now rather than waiting for the market to dip? ### Answer: With a long enough time horizon, no matter when you buy, equities almost always outperform cash and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the primary investment strategies people use and why do they use them? ### Answer: Your question seems to be making assumptions around “investing”, that investing is only about stock market a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock market vs. baseball card trading analogy ### Answer: The Bobs tend to show up at the top of bubbles, then disappear soon after. For example, your next door neighbor who talks about Oracle in 199...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you explain why these items are considered negatives on my credit report? ### Answer: I'm going to give the succinct, plain language version of the answers: 1. Your oldest active credit agreem...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are non-residents or foreigners permitted to buy or own shares of UK companies? ### Answer: Yes it is legal, in fact according to statistics.gov.uk, foreign investors are the largest holders of UK sha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How smart is it to really be 100% debt free? ### Answer: Having no debt should be the ultimate goal for every household, IMHO, but at what cost? As an example, I had some clients (before they started ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will my father still be eligible for SNAP if I claim him as my dependent? ### Answer: This may be best handled by an expert. Look for somebody recommended by a church, homeless shelter, food pantry, o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is this the right formula to use implied volatility to gauge probability of a stock being within a certain range? ### Answer: To get the probability of hitting a target price you need a little more ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First Time Home Buyer - How much down payment? Where to go for Mortgage? ### Answer: You are correct that 20% has an impact on your interest rate, although it is not always hugely significant. You wo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Feasibility of using long term pattern on short term investments ### Answer: Most patterns can be used on various time frames. For example you could use candle stick reversal patterns on monthly chart...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Selling a car with a lien ### Answer: You could have the buyer go to the bank with you so that he can get evidence that the loan will be paid in full and that the lien will be lifted. The bank won't s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a restaurant offer a very large cash discount? ### Answer: Another possible reason for this is to benefit the servers. When patrons pay with a credit card, they usually tip on the credit car...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I sell a 2nd home, or rent it out? ### Answer: Another factor is, how far is your prospective rental property from where you live? vs. how comprehensive is your property management service? If...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Indian citizen working from India as freelancer for U.S.-based company. How to report the income & pay tax in India? ### Answer: You can receive money directly into your savings bank account. It is pe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are currency forwards needed? ### Answer: Suppose you're a European Company, selling say a software product to a US company. As much as you might want the US company to pay you in Euros they might...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I be aware of as a young investor? ### Answer: You are your own worst enemy when it comes to investing. You might think that you can handle a lot of risk but when the market plummets you d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock return based on percentage ### Answer: would you earn $600 or $1600? You would have $1600, and your earnings would be $600. That's the only answer it could be, since if you start with $1000 fro...
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: (Selling apps is AFAIK business, not freelancing - unless the type of app you produce is considered a freela...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How could USA defaulting on its public debt influence the stock/bond market? ### Answer: This is a speculative question and there's no "correct" answer, but there are definitely some highly likely out...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: IRS “convenience of the employer” test when employee lives far from the office ### Answer: The decision whether this test is or is not met seems to be highly dependent on the specific situation of the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are lottery tickets ever a wise investment provided the jackpot is large enough? ### Answer: According to a financial adviser I spoke to, lottery is the riskiest of investments, whereas cash is the sa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What fees should I expect when buying and/or selling a house? ### Answer: Typical costs to buy might include: One piece of advice if you've never bought, fixing problems with a house always seems to c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the benefit of investing in retirement plan versus investing directly in stocks yourself? ### Answer: In the US, the key to understanding the benefits of retirement accounts is to understand c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using financial news releases to trade stocks? ### Answer: No matter how a company releases relevant information about their business, SOMEBODY will be the first to see it. I mean, of all the people l...
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: Also make a menu and make a shopping list from that. It will help you control how much you buy, and help to enforce only buying wha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stop paying VAT on digital sales when earnings are under £81k ### Answer: You can't currently avoid it. The reason the legislation was introduced was to prevent the big-name developers from setting up...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which % of the global economy is considered “emerging”? ### Answer: The company that runs the fund (Vanguard) on their website has the information on the general breakdown of their investments of that...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 1 EIN doing business under multiple business names ### Answer: You're confusing a lot of things here. Company B LLC will have it's sales run under Company A LLC, and cease operating as a separate enti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is CLM a stock or an ETF? ### Answer: CLM is a Closed End Fund. It is a collection of other securities that trades as if it were stock issued by a single company. NASDAQ cares about how it trades, so ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I still need to pay capital gains taxes when I profit from a stock in a foreign currency? ### Answer: I'll break it down into steps. Total gain/ loss for the whole thing is 5 CAD. You only have to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a car company refuse to give me a copy of my contract or balance details? ### Answer: No, they cannot refuse to provide you with the current balance or a balance history. The other answers point y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to pay Income Tax if i am running a escrow service in India ### Answer: Income Tax would only be levied on the 10% commission that you earn and not on the total amount kept in the Escrow Acc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Income Tax on per Diem (Non Accountable plan) ### Answer: A per diem payment is a cost of doing business for the company, not for you. They can claim it (probably); you can't (definitely). ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much should a new graduate with new job put towards a car? ### Answer: As an absolute basic in life you always need 1 month's salary free and clear sitting in the bank. You do not have this. You d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: UK sole trader who often buys products/services on behalf of clients – do I deduct from declared income or claim as allowable expenses? ### Answer: Assuming you buy the services and products beforehan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What ETF or other security tracks closest to 30 year mortgage rates? ### Answer: TBF - Proshares short 20+ Year Treasury The TBF fund is designed to track (hopefully) 100 percent of the inverse daily...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should a high-school student invest their (relative meager) savings? ### Answer: The advice to invest in yourself is good advice. But the stock market can be very rewarding over the long pull. You hav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I use a Roth IRA to minimize my tax burden on retirement? ### Answer: Your participation in a workplace plan doesn't affect your Roth IRA contributions. Your income, on the other hand, does. S...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a way to take advantage of nice numbers? ### Answer: You'd need millions of dollars to trade the number of shares it would take to profit from these penny variations. What you bring up here ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I pay someone else's property taxes, can I use it as a deduction on my income tax return? ### Answer: To make matters worse, if you pay the property tax your mother in law can't take the deduction ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What Did Benjamin Graham Mean by Earnings Stability in The Intelligent Investor? ### Answer: Please note that the following Graham Rating below corresponds to five years: Earnings Stability (100% ⇒ 10...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why should we expect stocks to go up in the long term? ### Answer: Does it make sense for stocks to earn a premium indefinitely? Yes. There is good reason to think that the stock market will make mone...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I look at before investing in a start-up? ### Answer: Here are the basic questions I usually ask any new business startup: Do these numbers/answers seem reasonable to you and is some bench...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Single investment across multiple accounts… good, bad, indifferent? ### Answer: The other issue you could run into is that each deferred account is going to be subject to its own RMD's (Required Minim...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In today's low interest environment, is it generally more economical to buy or lease a new car in the US? ### Answer: There are two reasons leases are generally a worse deal than buying. First, inhere...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are variable rate loans ever a good idea? ### Answer: The simple answer is absolutely. With the parameters you quote, if you will pay off the loan in 82 months or less, you will be ahead taking the v...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are the best way to make and save money at 22 years old ### Answer: Make sure you have a budget, there is a pretty cool budget tracker that you can download here (it works in excel and is easy to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Self employed as IT consultant and as massage therapist: Do I need 2 HST numbers? ### Answer: Given your clarifying points, it sounds like you are running both businesses as one combined business. As ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For very high-net worth individuals, does it make sense to not have insurance? ### Answer: The point of insurance is to trade high variable costs for much lower fixed costs. The question isn't whether...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a person with really bad credit history rent decent housing? ### Answer: I don't think you've mentioned which State you're in. Here in Ontario, a person who is financially incapable can have t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the buy-hold-sell indication based on? ### Answer: It is simply an average of what each analyst covering that stock are recommending, and since they usually only recommend Hold or Buy (rarely ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How To Report Cryptocurrency Earnings? ### Answer: As cryptocurrencies are rather new compared to most assets, there hasn't been a lot of specific guidance for a lot of situation, but in 2014 the IRS ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a Roth IRA be used as a savings account? ### Answer: (To be clear, IRA accounts are just wrappers, and can contain a large variety of investments. I'm restricting myself to the usual setup of inve...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I save on closing costs when buying a home? ### Answer: According to Realtor.com, there are a variety of options to save on closing costs: A general Google search on "how to reduce closing co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: FOK order type: can they be market or limit orders? ### Answer: The SEC reference document (PDF) explains order types in more detail. A fill-or-kill order is neither a market order nor a limit order; ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I invest and buy/sell stocks? What does “use a broker” mean? ### Answer: There are 2 main types of brokers, full service and online (or discount). Basically the full service can provide you wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Schedule C: where to deduct service fees on income? ### Answer: Putting them on line 10 is best suited for your situation. According to Quickbooks: Commissions and Fees (Line 10) Commissions/fees pai...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is Butterfly Trade Strategy good if the mid Strike price is already past? ### Answer: One way to look at a butterfly is to break it into two trades. A butterfly is actually made up of two vertical...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If accepting more than $10K in cash for a used boat, should I worry about counterfeiting? ### Answer: If you get counterfeit money, then you're dealing with the criminal who is going to be punished by...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Must a company have a specific number of employees to do an IPO? ### Answer: No, there is no minimum employee limit in order for a company to initiate an initial public offering. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are exchange rates decided for each country? ### Answer: Today the rates are arrived simply on the basis of demand and supply. Historically rates were pegged to Gold, when all currencies were prin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is 401k as good as it sounds given the way it is taxed? ### Answer: If you pay 20% tax now and none later or if you pay no tax now and 20% later, it doesn't make a difference. Mathematically, it's th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stock purchases on NASDAQ trackable to personal information? ### Answer: The broker will probably submit records to the IRS, so there isn't anonymity at that level... ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is buying a lottery ticket considered an investment? ### Answer: Why must terms must be mutually exclusive? This (false) dichotomy is what seems to cause the most debate. It is the SINGLE EVENT OUTC...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Specifically, what does the Google Finance average volume indicate? ### Answer: I hovered over the label for trading volume and the following message popped up: Volume / average volume Volume is the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I invest in the pre-IPO company stock offered by my employer? ### Answer: Whether it's wise or not depends on what you think and what you should consider are the risks both ways. What are the r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ongoing things to do and read to improve knowledge of finance? ### Answer: The best learning technique for me is not to dredge through books in order to gain a better understanding of finance. This i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Learning investing and the stock market ### Answer: I would recommend getting a used set of Chartered Financial Analyst books. The series is a great broad introduction to the most important aspects o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a rule that a merchant must identify themself when making a charge ### Answer: Here's an excerpt from VISA's Card Acceptance Guidelines for Visa Merchants (PDF) The merchant name is the sing...