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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you go about buying a house directly from an owner? I.e. no broker involved? ### Answer: You don't have to use an agent (broker, as you call it), but it is strongly advised. In some counties la...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Combined annual contribution limits for individuals [duplicate] ### Answer: You're correct about the 401(k). Your employer's contributions don't count toward the $18k limit. You're incorrect about the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What did John Templeton mean when he said that the four most dangerous words in investing are: ‘this time it’s different'? ### Answer: To play devil’s advocate to much of what has been written before,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I purchase a whole life insurance policy? (I am close to retirement) ### Answer: First of all, congratulations on being in an incredible financial position. you have done well. So let's look a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can't the account information on my checks be easily used for fraud? ### Answer: The bottom line is to keep most of your money in accounts with no check privileges and to not give the account numbers ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How frequently should I request additional credit? ### Answer: I do this all the time, my credit rating over time plotted on a graph looks like saw blades going upward on a slope I use a credit alert ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using Loan to Invest - Paying Monthly Installments with Monthly Income ### Answer: I hope I'm misunderstanding your plan... you want to invest in a way that will make SO MUCH that you pay back all of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: FSA when a retirement agreement has been put into place ### Answer: While you have found a way to possibly gain $1275 in tax free income, you are also risking $1275 if you end up not using the money y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Offer Price for my stock not shown on quote and a subsequent sale higher than my offer ### Answer: There are a few things you are missing here. These appear to be penny stocks or subpenny stocks. Buyi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the best software tools for personal finance? ### Answer: Intuit Quicken. Pros: Cons: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I include retirement funds in calculating my asset allocation? ### Answer: I separate them out, simply because they're for different purposes, with different goals and time-frames, and combinin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who receives the money when one company buys another? ### Answer: Monsanto is a publicly traded company that trades under the ticker MON. The stock is owned by a wide range of owner around the world. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Search index futures in Yahoo Finance or Google Finance ### Answer: Options - yes we can :) Options tickers on Yahoo! Finance will be displayed as per new options symbology announced by OCC. The bas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a wise decision to sell my ESPP stock based on this situation? ### Answer: Eric is right regarding the tax, i.e. ordinary income on discount, cap gain treatment on profit whether long term or sh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the contents of fixed annuities? ### Answer: An annuity is a contract. Its contents are "a contractual obligation from the issuing company". If you want to evaluate how your annuity is likely...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any instance where less leverage will get you a better return on a rental property? ### Answer: If you are calculating simple ROI, the answer is straightforward math. See This Answer for som...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the preferred way to finance home improvements when preparing to sell your house? ### Answer: In planning to buy a house, and sort out how to handle the costs of some initial renovations, I've...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to invest in gold at market value, i.e. without paying a markup? ### Answer: And you have hit the nail on the head of holding gold as an alternative to liquid currency. There is simply no way to r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I be claiming more than 1 exemption? ### Answer: It's not possible to determine whether you can "expect a refund" or whether you are claiming the right number of exemptions from the information...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a company charge a closed credit card? ### Answer: If this is a pre-authorized automatic billing, and if you have signed any contract with the merchant, cancelling may not block any future ch...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Comparison between buying a stock and selling a naked put ### Answer: Why do all this work yourself? Pay a modest price to have a professional do this for you. Look at the tickers PUTX, PUTW. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can my brother fix his credit? ### Answer: In a nutshell, not really. That's the risk you take when you co-sign for someone. The lender only made the loan because of the strength of your brother's c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: hardship withdrawal ### Answer: With respect to the 401(k). Before taking a hardship withdrawal, one must first deplete the ability to take any 401(k) loans available. This is a regulation. The 401(k)...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Primary Residence to Investment Property - Changing PMI Terms ### Answer: Do you now own your new home, or are you renting? This is a classic case of a mortgage ready to blow up. These 7/1 interest o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the gains from more liquidity in ETF for small investors? ### Answer: In my opinion, if you are doing long-term investing, this is a non-issue. The difference of hours in being able to trade...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I find the value of British Energy Nuclear Power Notes? ### Answer: This BBC article says that nuclear power notes came about when the French energy company EDF purchased British Energy in 2008...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying & Selling Call Options ### Answer: You're correct. If you have no option position at execution then you carry no risk. Your risk is only based on the net number of options you're holding at exe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to trade fundamentally good stocks over the short to medium term? ### Answer: Using Fundamental and Technical Analysis together is actually a good idea for longer term trading of up to 6 months or...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it inadvisable to leave a Roth IRA to charity upon death? ### Answer: I think what those articles are saying is: "If you want to leave some money to charity and some to relatives, don't bequeath a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Switching Accountants - who does the audit review for past years? ### Answer: It depends on what you paid for, but usually audit support is an unrelated engagement to the return preparation. If the ac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm only spending roughly half of what I earn; should I spend more? ### Answer: Apart from what the other posters have said, you could look at some 'good cause'. I'd keep on saving 50% as spending mor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I find quality Wind power / renewable energy mutual funds? ### Answer: Usually it makes sense to invest in individual companies when you're investing in a "hot" sector. Secular funds have their...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you short a stock before the ex-div. date to make a profit? ### Answer: When you short a stock and the stock goes ex-div. you have to pay out an amount equal to the dividend. So in your example, G...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I buy and sell the same stock on the same day? ### Answer: You should not have to wait 3 days to sell the stock after purchase. If you are trading with a cash account you will have to wait for...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Formula that predicts whether one is better off investing or paying down debt ### Answer: I ended up writing a simulation in R. Here is my code: It produces a plot like this: This code assumes you ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As a 22-year-old, how risky should I be with my 401(k) investments? ### Answer: At 22yo, unless you have a terminal illness, you have many years to earn and save a lot more that you will have in your ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do companies award stock as opposed to cash? ### Answer: There are a few reasons, dependent on the location of the company. The first, as you mentioned is that it means that the employee is inves...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it okay to be married, 30 years old and have no retirement? ### Answer: As a rule, one should have a retirement. HOWEVER, you also have over a half a million dollars of debt. Paying down debt is a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the most common and profitable investment for a good retirement in Australia? ### Answer: I don't look to Super or Pension, I am working on self funding. My method is work in Sydney and buy a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Creating a Limited company while still fully employed ### Answer: Can I apply for limited company now, while fully time employed, and not take any business until I get a contract? Some employment cont...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Looking for a stock market simulation that's as close to the real thing as possible ### Answer: Thinkorswim's ThinkDesktop platform allows you to replay a previous market day if you wish. You can also...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I save our credit with a quickie divorce? ### Answer: My advice to you? Act like responsible adults and owe up to your financial commitments. When you bought your house and took out a loan from t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good way to save money on car expenses? ### Answer: Ride a bicycle or walk for short trips (< 5mi–10mi, depending on your level of comfort). Nothing saves as much on car expenses as simply d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do card processing companies discourage “cash advance” activities ### Answer: Square charges a 2.75% fee (which the merchant pays), so you would be losing money if you only got a 1.5% cashback bon...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why did I lose 2 cents more than the difference in the stock prices on my Robinhood trade? ### Answer: There is a misunderstanding somewhere that your question didn't illuminate. You should have lost ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who can truly afford luxury cars? ### Answer: A used luxury car coming out of lease is usually very affordable. They are usually in good condition, still look relatively new, and are within the same p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is there some latency between the time a check deposit was processed and when one can withdraw the money on Fidelity CMAs? ### Answer: Every bank and credit union in the US has a Deposit Agreement...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Meaning of reinvestment ### Answer: 1) When it says "an investment or mutual fund", is a mutual fund not an investment? If no, what is the definition of an investment? A mutual fund is indeed an inv...
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: If you just buy a few lotto tickets normally, then no, it's not going to be a good investment, as @Jasper h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Need help with the psychology of investing: past failures and future fears ### Answer: I would read any and all of the John Bogle books. Essentially: We know the market will rise and fall. We just ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debit cards as bad as credit cards? ### Answer: Using cash instead of a debit card lets you see in real time how much cash you have left and where it's going. It's a lot "harder" to see the cash disa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For young (lower-mid class) investors what percentage should be in individual stocks? ### Answer: I would not advise any stock-picking or other active management (even using mutual funds that are acti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the common income tax deductions used by “rich” salaried households? ### Answer: As was stated, households earning over $250k/yr don't all get their income one way. Below that threshold, even...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does a company's stock price affect its ability to raise debt? ### Answer: As JB hints, it is likely due to superior or improving, fundamentals. If the fundamentals of a company improve then its a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Empirical performance data of ETFs and Mutual Funds tracking identical Indexes? ### Answer: Why don't you look at the actual funds and etfs in question rather than seeking a general conclusion about a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I cosigned for a friend who is not paying the payment ### Answer: The point of co-signing for a friend is that they're your friend. You signed for them in the belief that your friendship would ensure...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to save money for future expenses ### Answer: You can't force a horse to eat carrots. You have to make him hungry... It's good that you're ready to start saving. The hardest part about building w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advice on low-risk long-term strategy for extra cash? ### Answer: So, you have $100k to invest, want a low-maintenance investment, and personal finance bores you to death. Oooohhh, investment companie...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are the sellers selling pre-IPO shares over these websites legitimate or fake? ### Answer: I think you're right that these sites look so unprofessional that they aren't likely to be legitimate. Howeve...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Pension Benefit Information (aboutmyletter.com) legitimate? ### Answer: I have no personal knowledge of this company; I've only looked over what I found on the web. Overall, my judgement is that P...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How will the New credit reporting rules affect people who are already struggling financially? ### Answer: From my understanding by paying your bills more than 5 days late will not lead you into bankru...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Comparing ETFs following the same index ### Answer: The key two things to consider when looking at similar/identical ETFs is the typical (or 'indicative') spread, and the trading volume and size of th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the need to issue bonds a telltale sign that the company would have a hard time paying coupons? ### Answer: No, having to borrow money does not necessarily mean a company will have a hard time payi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does dollar cost averaging apply when moving investments between fund families? ### Answer: Dollar cost averaging doesn't (or shouldn't) apply here. DCA is the natural way we invest in the market, buy...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best way to buy Japanese yen for travel? ### Answer: I already commented the best existing answers, however let me note a couple of other things. Some of my friends in the past have wanted to do one ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to model fees from trades on online platforms? ### Answer: Assuming cell A1 contains the number of trades: will price up to A1=100 at 17 each, and the rest at 14 each. The key is the MAX and MIN. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debt collector has wrong person and is contacting my employer ### Answer: Request verification in writing of the debt. They are required to provide this by law. Keep this for your records. Send them ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I take out a loan vs pay off with mother's help? ### Answer: Is it a gift or a loan? Either way, ask the same lawyer who will do the closing to record a mortgage on the property, your mother ho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would the effects of an anticipated default by a nation be mostly symbolic? ### Answer: It's only symbolic if things continue as if nothing had happened. Once large segments of people start becoming ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Market Cap lower than Shares Outstanding x Share Price? ### Answer: The definition of market cap is exactly shares oustanding * share price, so something is wrong here. It seems that the share price i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where should I park my rainy-day / emergency fund? ### Answer: First off, you generally want to park your emergency fund somewhere that is "safe", meaning something that is not subject to market fluct...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which mutual funds is Dave Ramsey talking about in The Total Money Makeover? [duplicate] ### Answer: See the Moneychimp site. From 1934 to 2006, the S&P returned an 'average' 12.81%. But the CAGR was ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Understanding the phrase “afford to lose” better ### Answer: I think it's a silly statement. If you are prepared from the start that you might lose it then you shouldn't invest. You invest to earn not...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to start with personal finance? ### Answer: First of all, make sure you have all your credit cards paid in full -the compounding interests on those can zero out returns on any of your private in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the benefits of working with an experienced wealth manager? ### Answer: The advantages of competent wealth management are numerous and varied, but they all revolve around one thing: giving yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What gives non-dividend stocks value to purchasers? [duplicate] ### Answer: A Company start with say $100. Lets say the max it can borrow from bank is $100 @ $10 a year as Interest. After a years say,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the interest rate online brokerages paying out tied to? ### Answer: The prime rate is the interest rate banks use amongst themselves to lend money to each other only. It is used as the basis (...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do banks encourage me to use online bill payment? ### Answer: Another reason for banks to push this is sitckyness. Once you have all of your bills setup, its more trouble to change banks. This r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock sale cost basis calculations for 2013, now that rules changed, is FIFO or another method the smartest financially? ### Answer: You have to calculate the total value of all shares and then ask yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I go about finding an honest & ethical financial advisor? ### Answer: If your financial needs aren't complex, and mostly limited to portfolio management, consider looking into the newish thing ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: ETFs are a type of mutual fund, correct? ### Answer: Your question is one of semantics. ETFs and mutual funds have many things in common and provide essentially the same service to investors with min...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Equity As Part of Compensation ### Answer: With LLCs, the operation agreement can define different shares for different kinds of income or equity, and different partners may be treated differently. In...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Condo Purchase - Tax Strategies [US] ### Answer: You will need to see a tax expert. Your edited question includes the line For the short term, we will be "renting" it to my wife's grandmother at a dee...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Starting a large business with a not so large income? ### Answer: For example, Biff Spoiles started an animation studio and production developing company to produce animations -- something in the ball...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stock index fund likely to keep being a reliable long-term investment option? ### Answer: For index funds to be a poor investment, they would have to perform worse than your alternative investment...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is there such disparity of max contribution limits between 401K accounts and regular IRA accounts? ### Answer: IRAs were invented to help individuals save for retirement. 401(k)s were invented to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to negotiate when you have something to give back? ### Answer: NEVER combine the negotiations for trade-in of an old car and purchase of a new one (and/or financing), if you can avoid doing so. De...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why invest in IRA while a low-cost index fund is much simpler? ### Answer: Is that basically it? Trading off between withdrawing-anytime vs paying-capital-gain-tax? No. Another significant factor is d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Social Trading Platforms Basically Front Running? ### Answer: I don't think you can really classify it as front running. Technically, the only information, that the alleged front runner in this case h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When are equal-weighted index funds / ETFs preferable to market-cap-weighted funds? ### Answer: Equal-weight ETFs remove the large cap bias found in most popular indexes. What results behaves very muc...
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: My experience with owning a home is that its like putting down roots and can be like an anchor holding you to an area. Before considering whet...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Table of how many years it takes to make a specified return on the stock market? ### Answer: It depends on what stocks you invest in or whether you invest in an index, as all stocks are not created eq...
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: I'll answer your question, but first a comment about your intended strategy. Buying government bonds in a retirement account is probably ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Payroll reimbursments ### Answer: As @Dilip suggested in the comments, the problem is the accountability of the reimbursement plans. In order for the reimbursement to be non-taxable, there has to be a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a country can just print money, is global debt between countries real? ### Answer: The debt is absolutely real. China loans money to US via buying the US treasury bonds. The bond is essentially a p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Multi-year profit/tax question ### Answer: This is called "Net Operating Loss", and it is in fact applicable for individuals as well. You can, under certain circumstances, have NOL even as an individu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the downsides that prevent more people from working in high-income countries, and then retiring in low-income (and cost of living) ones? ### Answer: Political instability and general inabilit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advice on low-risk long-term strategy for extra cash? ### Answer: You can buy dividend stocks, just buy and hold. you will get cash or extra stock every quarter. You can also sell covered calls on you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can all these countries owe so much money? Why & where did they borrow it from? ### Answer: Here is an overview of who owns US Debt from Wikipedia, it indicates that approximately 1/3rd of US deb...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Looking for an ROI formula, brain is broken today ### Answer: The monthly repayments of the initial $ 300,000 loan can be calculated using this formula: source: Finance Formulas The monthly payment i...