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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do stocks give you more control over your finances than mutual funds? ### Answer: In my opinion, the ability to set a sell or buy price is the least of my concerns. Your question of whether to choose...
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: From a page on consumerfinance.gov A debt collector generally may not contact your employer or other third-parties about the d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I do with “stale” checks? Can I deposit/cash them? ### Answer: Find smaller payments he can make. Maybe a % of each client he takes payment from. Consult with a lawyer or google buisness con...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Hiring a teenager as a household employee ### Answer: First you need to ensure that you are not violating any Federal child labor laws. I would look at this: U.S. Dept of Labor, Wage & Hour Div., Stan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What do the terms par value, purchase price, call price, call date, and coupon rate mean in the context of bonds? ### Answer: Unless stated otherwise, these terms apply to all bonds. The par value or ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the reasons to get more than one credit card? ### Answer: There is almost no reason to get a second credit card - this is a very good arrangement for your creditor but not for you. Credit car...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dad paying for my new home in cash. How can I buy the house from him? ### Answer: Presumably this house is a great deal for you for some reason if you are willing to go to great lengths such as these ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I invest my $100? ### Answer: You could also start a business. I ran a project called the Thousand Rand Challenge a few years ago in South Africa where we supported people in starting a busin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do my parents need to pay me minimum wage? ### Answer: There is actually a restriction on how high a wage they can pay you. There didn't use to be, but now it has to be reasonable for the work you are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mutual fund value went down, shares went up, no action taken by me ### Answer: You did something that you shouldn't have done; you bought a dividend. Most mutual fund companies have educational mater...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Car dealers offering lower prices when financing a used car ### Answer: With new cars it's usually the other way around: finance at a low APR or get cash back when you buy it outright. With used cars ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off my student loans or keep it in the bank? [duplicate] ### Answer: Many years ago I heard a multi-level marketing pitch that pointed out how many doctors don't get out of debt until the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay off car or use money for down payment ### Answer: The best thing to do is pay off the car. Adding more variables to a negotiation with a car dealer (in this case, a trade in), is always going to g...
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: KMyMoney Pros: Cons: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I estimate the value of private stock behind employee stock options? ### Answer: Okay, I'm going to give you my opinion based on experience; not any technical understanding. The options - by t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it preferable to move emergency savings/retirement into offset mortgage? ### Answer: The way offset mortgages work, you are keeping savings in an account effectively earning the rate of the mortgag...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why should the P/E ratio of a growth stock match its percentage earnings growth rate? ### Answer: Your observation is mostly right, that 1 is a the number around which this varies. You are actually r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference, if any, between stock appreciation and compound interest? ### Answer: Compounding is just the notion that the current period's growth (or loss) becomes the next period's princip...
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: Although I don't think you need to factor in risk tolerance to get the probabilities, I agree with JoeTaxpayer...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are Certificates of Deposit worth it compared to investing in the stock market? ### Answer: For the specific example you gave, a CD with a 0.05% rate of return, I'd shop around some more, that's a VER...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do stock option prices predicate the underlying stock's movement? ### Answer: Option prices can predict the range of movement of the underlying, but not if the underlying is going up or down. An optio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When to trade in a relatively new car for maximum value ### Answer: To save the most money - don't trade it in, sell it to a private party. Dealers will always give you less, because eventually they'l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At Vanguard, can I transfer shares from regular investment account to a Roth IRA? ### Answer: No, IRA contributions can only be made in the form of cash (rollovers and conversions are different). You'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to find Vanguard Index Funds? ### Answer: No, some of Vanguard's funds are index funds like their Total Stock Market Index and 500 Index. In contrast, there are funds like Vanguard PRIMECAP and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ghana scam and direct deposit scam? ### Answer: The scammer is definitely up to something fishy. He (it's certain that the she is a he) may deposit some money into your father's account to gain his tr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Something looks off about Mitsubishi financial data ### Answer: All but certainly, Mitsubishi is selling so cheaply because of the fuel scandal. It has been providing false fuel efficiency data for de...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax planning for Indian TDS on international payments ### Answer: Tax Deducted at source is applicable to Employee / Employer [contract employee] relations ... it was also made applicable for cases wh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good asset allocation for a 25 year old? ### Answer: First, I'd recommend that you separate "short-term" assets from "long-term" assets in your head. Short-term assets are earmarked for spe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Working for recruiter on W-2 vs. working for client on 1099? ### Answer: I don't think anyone can give you a definitive answer without knowing all about your situation, but some things to consider: If...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is this investment opportunity problematic? ### Answer: It would have to be made as a "gift", and then the return would be a "gift" back to you, because you're not allowed to use a loan for a down pay...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What benefits do “title search companies” have over physically visiting a land records offices? ### Answer: Basically what @littleadv said, but let me amplify what I think is the most important point....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is buying and selling Bitcoin (and other cryptocurrency) legal for a student on F-1 Visa doing OPT in USA? ### Answer: Given your clarification that you re only intending to use cryptocurrency as a ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock valuation - Volkswagen ### Answer: The prices dropped because the scandal could mean: This some people estimated that the company could lose money, or have smaller profit. Thus each share was wo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any benefits of FMLA beyond preserving your job? ### Answer: In your situation, it sounds like the only added benefit would be insurance continuance. For employees who can't access short-te...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Prices go up and salary doesn't: where goes delta? ### Answer: I expected a word or two on the price elasticity of demand here :) Andrey, Your question needs slight revision in its current form. Risin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should the poor consider investing as a means to becoming rich? ### Answer: What could a small guy with $100 do to make himself not poor To answer the question directly, not much. Short of investing i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why use accounting software like Quickbooks instead of Excel spreadsheets? ### Answer: Since this is a cooperative I'm guessing your partners may want to be able to view the books so another key point...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a Yahoo Finance ticker for NYMEX Crude Oil Front Month? ### Answer: Yahoo Finance has this now, the ticker is CL=F. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to get a down payment for your next home? Use current home as the down payment on the new one? ### Answer: I know you've clarified that you're in the US, but in case anyone else comes across this...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Other than being able to borrow to invest, how is a margin trading account different from a cash account? ### Answer: With margin accounts you will be able to use the proceeds from a closed trade INST...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What if you get pre-approved for a mortgage but don't find a house in the pre-approval timeframe? ### Answer: As mentioned before - you're over-thinking the hard-pull issue. But do try to make the pre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 3% Equity options in software company, entitles me to revenue share? ### Answer: It might, but it also might not. The Board of Directors gets to decide whether and how much dividends are paid to stock...
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: In general, if you can afford to replace something, you are able to "self-insure". You really want to unde...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Equity As Part of Compensation ### Answer: At the most basic level, the employee is getting a share of ownership in the company and would get a percentage of the sales price. That said, as littleadv a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay off car loan entirely or leave $1 until the end of the loan period? ### Answer: what you aim to do is a great idea and it will work in your favor for a number of reasons. First, paying down your l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: EIN for personal LLC: Is this an S-Corp? ### Answer: Having an EIN does not make the LLC a corporation -- your business can have an EIN even when treated like a sole proprietorship. An EIN is required...
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: If your goal is to make it harder for you to use to make impulse purchases then YES. Having to always have cash for purchases will make you less likely...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Clarification of Inflation according to Forbes ### Answer: Inflation can be a misleading indicator. Partly because it is not measured as a function of the change in prices of everything in the economy...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sleazy Bait and Switch Marketing — Is this legal? ### Answer: But.. what I really want to know.... is it illegal, particularly the clause REQUIRING a trade in to qualify for the advertised price? Th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to share income after marriage and kids? ### Answer: I can only share with you my happened with my wife and I. First, and foremost, if you think you need to protect your assets for some reason the...
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: if you bought gold in late '79, it would have taken 30 years to break even. Of all this time it was two brief periods t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the gross amount of US debt dangerous for the small investor? ### Answer: Not a lot, directly. Your biggest direct risk is that you could buy the debt, and buy it at too high a price (i.e. too low ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I handle taxes for Minecraft server donations? ### Answer: Its is considered a "hobby" income, and you should be reporting it on the 1040 as taxable income. The expenses (what you pay) are ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are American Express cards are not as popular as Visa or MasterCard? ### Answer: My experience is in the United States only. In the past, American Express marketed its products as more exclusive a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When does it make sense for the money paid for equity to go to the corporation? ### Answer: If the check is written as a check to BigCo, it is less clear how Jack can compensate himself for the equity...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advice for college student: Should I hire a financial adviser or just invest in index funds? ### Answer: Two things to consider: When it comes to advice, don't be "Penny wise and Pound foolish". It is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do banks give us interest even for the money that we only had briefly in our account? ### Answer: It depends on your bank's terms (which may in turn be influenced by laws and regulations), but most ba...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does one determine the width of a candlestick bar? ### Answer: Very common question. There is no any rule of thumb. This solely depends on your trading strategy. I will share my own experience. My...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What ways are there for us to earn a little extra side money? ### Answer: It depends on where you live and how you can think out of the box on earning little extra income on the side. If you live in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Personal finance app where I can mark transactions as “reviewed”? ### Answer: On mint, you can create your own tags for transactions. So, you could create a tag called "reviewed" and tag each transac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I use a credit repair agency? ### Answer: Don't use a "credit repair" agency. They are scams. One of the myriad of ways in which they work is by setting you up with a bogus loan, which they wil...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between speculating and investing? ### Answer: Speculation is when someone else makes an investment you don't like. The above is tongue in cheek, but is a serious answer. There ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: (Legitimate & respectable) strategies to generate “passive income” on the Internet? ### Answer: The notion that you can put product on the web and sit back and watch the money roll in is a myth, plain...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What assets would be valuable in a post-apocalyptic scenario? ### Answer: Barton Biggs's book Wealth, War and Wisdom aims to answer the question of what investments are best-suited to preserving value...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a stock really dip in price on the ex-dividend date? And why would it do this? ### Answer: This effect has much empirical evidence as googling "dividend price effect evidence" will show. As the f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to safely exit a falling security? ### Answer: If the stock is below its purchase price, there is no way to exit the position immediately without taking losses. Since presumably you had Good Reaso...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I avoid international wire fees or currency transfer fees? ### Answer: My preferred method of doing this is to get a bank draft from the US in Euros and then pay it into the French bank (my co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why might it be advisable to keep student debt vs. paying it off quickly? ### Answer: There are several ways you can get out of paying your student loans back in the USA: You become disabled and the l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would it be considered appropriate to use a market order for my very first stock trade? ### Answer: Obvious answer but the limit order should be set at the price that you are willing to pay :). More u...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do companies that get taken-over have to honour the old gift card/certificate? ### Answer: I know this is old, but Joe Taxpayer is wrong. When you dissolve a corporation in selling it, all liabilitie...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Benefits of Purchasing Company Stock at a Discount ### Answer: If your purchases are done at year end, but the money withheld over that 12 month period, the 17% return is for an average time of 6 mont...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Snowball debt or pay off a large amount? ### Answer: There are some calculators that you can use to figure out the best approach, such as this one by CNN. But in general the rule of thumb tends to be ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Valuation Spreadsheet ### Answer: Yes, all of that is possible with google sheets... ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Setting up a LLC for two partners in different states, what should we look into? ### Answer: TL;DR: Get a tax adviser (EA/CPA licensed in your State) for tax issues, and a lawyer for the Operating Agr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any countries where citizens are free to use any currency? ### Answer: Shops in most touristic places tend to accept major currencies (at least dollar and euro). I remember a trip in Istanbu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I have to pay a capital gains tax if I rebuy different stocks? ### Answer: Yes. As long as the stock is in a taxable account (i.e. not a tax deferred retirement account) you'll pay gain on the prof...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does an individual share of a stock have some kind of unique identifier? ### Answer: Nope, think what a nightmare that would be, a bunch of shares would be issued and then sold to tonnes of people, wh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I only have to pay income tax on capital gains? ### Answer: On the revenue only. This amount of 10$ will be considered as interest and fully taxable. It will not be a capital gain. But why would yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it sensible to redirect retirement contributions from 401(k) towards becoming a landlord? ### Answer: As a general rule, diversification means carrying sufficient amounts in cash equivalents, stock...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Figuring out an ideal balance to carry on credit cards [duplicate] ### Answer: One factor you may be missing is that, even if you pay your balance in full each month, the utilization probably won't be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What makes a stock get 40 times avg daily volume without any news? ### Answer: Probably the biggest driver of the increased volumes that day was a change in sentiment towards the healthcare sector as ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If one owns 75% of company shares, does that mean that he would have to take upon himself 75% of the company's expenses? ### Answer: Together the founders represent 100% of the outstanding stock, so t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment Options for 14-year old? ### Answer: A fourteen-year-old can invest a few thousand into commuting to a part-time job or an education. If you can wait five years for a couple hundred you can...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with the stock from my Employee Stock Purchase Plan? ### Answer: Judge this stock no differently than any other is the answer. Optimism isn't fact. http://clarkhoward.com/liveweb/sho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax Witholding for Stock Sale ### Answer: I assume US as mhoran_psprep edited, although I'm not sure IRS necessarily means US. (It definitely used to also include Britain's Inland Revenue, but they ch...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do with a 50K inheritance [duplicate] ### Answer: My grandma left a 50K inheritance You don't make clear where in the inheritance process you are. I actually know of one case where the execut...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Take advantage of rock bottom oil prices ### Answer: A long call options spread. In this case, a bet that the USO ETF would recover to $35. You can see, I got in when USO was $28, and it's continued t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I move my 401k to another country without paying tax penalty? ### Answer: Transfers can be made from U.S. pension plans to Canadian RRSPs, if the following conditions are met: Way more details her...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do dividend quotes for U.S. stocks include witheld taxes? ### Answer: The dividend quoted on a site like the one you linked to on Yahoo shows what 1 investor owning 1 share received from the company. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Book or web site resources for an absolute beginner to learn about stocks and investing? ### Answer: There is only one book worth reading in my opinion: One Up on Wall Street. It's short and no other ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can signing up at optoutprescreen.com improve my credit score? ### Answer: If I had a business and was able to claim a feature, I would. It's simple marketing. If in fact, opting out helped your score...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Layman's guide to getting started with Forex (foreign exchange trading)? ### Answer: Starting with the Dummy Forex account is a wise move for every new forex trader. Do forex trading with a dummy acco...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Benjamin Graham: Minimum Size of the company ### Answer: Smaller markets can actually be more volatile so it's not a good idea to lower Graham's criteria for them. The only real adjustment possible is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: international student tax deduction while trading ### Answer: So, my question is what is the limit below which I don't have to pay taxes while trading. I just invested $10. Do I have to pay taxes for ...
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: You cannot trade in pre-IPO shares of companies like Facebook without being an accredited investor. If a webs...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are these fees attached to mutual fund FSEMX? ### Answer: Annual-report expense ratios reflect the actual fees charged during a particular fiscal year. Prospectus Expense Ratio (net) shows expen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using simple moving average in Equity ### Answer: One of the most obvious uses of SMAs is the detection of a trend reversal. A trend reversal happens when a short term SMA crosses over a longer term S...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where do online stock brokers get their real-time data from? ### Answer: Generally Google gets their data, directly from the exchanges (Nasdaq, NYSE). This is really expensive -- tens of thousands ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does doing your “research”/“homework” on stocks make any sense? ### Answer: Doing your homework means to perform what's more accurately called "fundamental analysis". According to proponents of fundam...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to get a credit card as a minor? ### Answer: I have a job and would like to buy equipment for producing music at home and it would be easier for me to pay for the equipment monthly I just want to ...