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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you explain “time value of money” and “compound interest” and provide examples of each? ### Answer: The fundamental concept of the time value of money is that money now is worth more than the same...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What factors make someone buy or sell a stock? ### Answer: First, note that a share represents a % of ownership of a company. In addition to the right to vote in the management of the company [by voti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is keeping track of your money and having a budget the same thing? ### Answer: What you are doing is neither one. You are simply watching to make sure you don't overdraw, which itself suggests you mi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I do to remedy ISA cash/shares transfer latency? ### Answer: One possibility you may consider is to keep all of your funds in the stocks and shares ISA while investing that proportion you wis...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What things are important to consider when investing in one's company stock? ### Answer: You really have asked two different questions here: I'm interested in putting away some money for my family The...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Nominal value of shares ### Answer: They are 2 different class of shares belonging to the same company. Class A shares [par value of 0.01] have 100 voting rights per share. Class B shares [par value o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will getting a new credit card and closing another affect my credit? ### Answer: Several events will always result in a reduction of your score, including: These will show up in the short term, but I ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does an option lose time value faster as it approaches expiry ### Answer: Here's another attempt at explanation: it's basically because parabolas are flat at the bottom. Let me explain. As you mi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I profit from selling a PUT on BBY? ### Answer: The time when you might want to do this is if you think BBY is undervalued already. If you'd be happy buying the stock now, you'd be happy buying i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Canadian in California - filing taxes as a non-resident ### Answer: What do you mean by "Canadian income"? Was it income paid to you as wages for the job you did in the US? Or rental/interest income i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does owning a home and paying on a mortgage fit into family savings and investment? ### Answer: Your home (the one you live in) is not an investment. Its an expense/liability/asset, but its someth...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what point does it become worth it to file an insurance claim? ### Answer: At what point can you not afford the repair, and how will that repair affect your home? In your scenario, you would be cla...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Taxing GoFundMe Donations ### Answer: The $20k limit seems to be (from another answer) the threshold for GoFundMe to report the campaign. However, such a report does not change the taxability of the i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where are all those unsold vehicles? ### Answer: Other than being reduced to clear as others have suggested quite a few get sold to large motor stores. You can often go in and find last years model wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When I pay off my mortgage loan, what would really happen? ### Answer: The underlying investment is usually somewhat independent of your mortgage, since it encompasses a bundle of mortgages, and not o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would I pick a specific ETF over an equivalent Mutual Fund? ### Answer: Something to consider is how do you want to handle fractional shares. Most open-end funds can easily go to fractional shares...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can preventive health checkup be claimed as a separate expense from medical expenses? ### Answer: There are 2 different things, As per IT Act, one can get "Medical Reimbursement" upto Rs 15,000 which ...
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: Goodness, I wish I could put away half my paycheck. Not to rain on your parade, but a 6-month emergency fund is not quit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I get a car loan before shopping for a car? ### Answer: You have a good start (estimated max amount you will pay, estimated max down payment, and term) Now go to your bank/credit union and appl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Insider Trading? ### Answer: Nope, its not legal. Easy to explain: If you know something that isn't public known ("inside") it's called insider trading. Hard to prove (impossible), but still illegal. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are people from UAE and Dubai so rich? ### Answer: They aren't all rich on average. And oil and gas is actually now only about 25% of the economy in the UAE (incredibly!). There are good reasons w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does gold have value? ### Answer: Gold has value because for the most of the history of mankind's use of money, Gold and Silver have repeatedly been chosen by free markets as the best form of mone...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Canadian RRSPs Transfer ### Answer: Probably not. For your savings to enter an RRSP account, the recipient account must itself be an RRSP (duh! I hear you say). This appears to rule out any UK-based b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I exercise my put if a company goes bankrupt? ### Answer: according to the Options Industry council ( http://www.optionseducation.org/tools/faq/splits_mergers_spinoffs_bankruptcies.html ) put opti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is an interest-only mortgage a bad idea? ### Answer: It's an interesting question, and one that has a few tentacles. A few thoughts come to mind: There's nothing wrong per se with these arrangements. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can preventive health checkup be claimed as a separate expense from medical expenses? ### Answer: Deduction for Health Checkup is allowed under Section 80D and is allowed to everyone whether Salaried ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I determine if my rate of return is “good” for the market I am in? ### Answer: Do you recall where you read that 25% is considered very good? I graduated college in 1984 so that's when my own ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: US citizen married to non-resident alien; how do I file taxes? ### Answer: Congrats on the upcoming wedding! Here is the official answer to this question, from the IRS. They note that you can choose t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stock prices change? [duplicate] ### Answer: None of that is filtered my way as a "part owner". Sure it is, it's just not always obvious. When a company makes money it either: Other then the fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to be proactive about telling the tax man (HMRC) I earn more than the child benefit threshold? ### Answer: unregister for child benefit but apparently If I do that then my wife will stop get...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you save money on clothes and shoes for your family? ### Answer: I look ahead for sizes. I was at the thrift store and saw a good condition, good brand winter coat that will likely fit my daug...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I resubmit W8-BEN with W9 form? ### Answer: Since you're a US citizen, submitting W8-BEN was wrong. If you read the form carefully, when you signed it you certified that you are not a US citizen, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What things are important to consider when investing in one's company stock? ### Answer: Does your job give you access to "confidential information", such that you can only buy or sell shares in the c...
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: I actually love this question, and have hashed this out with a friend of mine where my premise was that at some volume of money it must b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is candlestick charting an effective trading tool in timing the markets? ### Answer: I am strongly skeptical of this. In fact, after reading your question, I did the following: I wrote a little progr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Recommended education path for a future individual investor? ### Answer: It depends on whether you want a career as a fund manager/ analyst or if you want to be an investor/ trader. A fund manager wil...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Roth vs. Whole Insurance vs. Cash ### Answer: Advantage of cash: You can spend the money without having to pay any fees or taxes to get it out. Disadvantage: When inflation is greater than zero, which...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth it to reconcile my checking/savings accounts every month? ### Answer: Account statements and the account information provided by your personal finance software should be coming from the sa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I open a Bank Account in Canadian dollars in the US? ### Answer: Everbank has offered accounts in foreign currencies for a while. https://www.everbank.com/currencies Takes a while to get it ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If my put option reaches expiration on etrade and I don't log in to the site will it automatically exercise if it's in the money or be a total loss? ### Answer: I have held an in the money long positi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If you want to trade an equity that reflects changes in VIX, what is a good proxy for it? ### Answer: VXX VZX XVIZ and there are plenty others correlated to market volatility if you want the wildest h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are Target Funds Unsafe - Post Q.E.? ### Answer: It's a what-if? sort of question. What if rates stay down or trend only slightly higher, despite no QE? look at other countries response to tepid econo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to read Google Finance data on dividends ### Answer: However, you have to remember that not all dividends are paid quarterly. For example one stock I recently purchased has a price of $8.03 and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to motivate young people to save money ### Answer: Although my kid just turned 5, he's learning the value of money now, which should help him in the future. First thing, teach him that you exchang...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stories of turning a few thousands into millions by trading stocks real? ### Answer: 10k in taser stock at $1.00 per share made those who held into the hundreds per share made millions. But think...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can someone explain how government bonds work? ### Answer: The short of it is that bonds are valued based on a fundamental concept of finance called the "time value of money". Stated simply, $100 one ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strategies for putting away money for a child's future (college, etc.)? ### Answer: Saving for school is [fundamentally] no different than saving for any other major purchase: in addition to some of t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do with old company's 401k? [duplicate] ### Answer: Your best bets are a Roth IRA or traditional IRA. If you roll it to a Roth, you will have to pay taxes on the amount you roll over (unless ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculate Finance Rate, Interest Amount when we have below line Fees ### Answer: The equation for the payment is This board does not support Latex (the number formatting code) so the above is an imag...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay my Education Loan or Put it in the Stock Market? ### Answer: I'd recommend hitting the loan the hardest, but getting something invested as well. It's tempting to see these decisions as bi...
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: Emergency Account Vault (Windows) I use it to store info about all of my accounts/assets in an encrypted document. It's more for keep...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment for beginners in the United Kingdom ### Answer: If you havent yet maxed out your ISA, then its a no-brainer. You get excellent tax rebates and its silly not to take advantage of these befor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the best application, software or tool that can be used to track time? ### Answer: I've been using Tick at work now for several months and have really enjoyed it. It's got a nice, simple inter...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If the co-signer on my car loan dies, can the family take the car from me like they're threatening to? ### Answer: My grandmother passed away earlier this year. When I got my car 3 years ago, I did no...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tracking my spending, and incoming and outgoing (i.e cashflow) ### Answer: Honing in on your last question: Is there a better way? I think there is, but it would require you to change the way you han...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: what if a former employer contributes to my 401k in the year following my exit? ### Answer: Publication 590a covers this in a fairly specific manner. Page 11, section "Are You Covered by an Employer P...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any statistics that support the need for Title Insurance? ### Answer: The point of title insurance is that when you buy a house, it is possible that you may eventually find out that the sell...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are stop order called “stop” when it is in fact a “start” condition? ### Answer: A stop order can be used to both enter or exit a position. A stop loss is used to set the price you want to get out...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between fund and portfolio? ### Answer: A "Fund" is generally speaking a collection of similar financial products, which are bundled into a single investment, so that you as an ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I explain why debt on debt is bad to my brother? ### Answer: I'm not sure how much living expenses are there but half of $12,600 in the US would be a decent monthly income. I agree that debt ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to rebalance a passive portfolio if I speculate a war is coming? ### Answer: At a risk of stating the obvious: a passive portfolio doesn't try to speculate on such matters. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good investment for a foreigner to purchase a flat/apartment in China? ### Answer: It is a lousy investment to purchase an apartment in China. Chinese citizens purchase apartments in China bec...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages of investing in commodities? ### Answer: Wide variety of options. There are many options to diversify in terms of products, while in terms of instruments there is the possibili...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a car company lend me money at a very low interest rate? ### Answer: This is "incentive financing". Simply put, the car company isn't in the business of making money by buying government bon...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are bonds really a recession proof investment? ### Answer: Yes. Bonds perform very well in a recession. In fact the safer the bond, the better it would do in a recession. Think of markets having four ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I stop wasting food? ### Answer: Buy products that can be stored for a long time or require thorough thermal processing. For example, you can buy frozen chicken meat in two pounds packs - it c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What ETF best tracks the price of gasoline, or else crude oil? ### Answer: Do not buy any commodity tracking ETF without reading and understanding the prospectus. Some of these things get exposure to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a subsidy? ### Answer: subsidy - financial support. For example subsidized housing - when the government pays a part of your rent (usually for low income families). or subsidized student loan ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In India, what is the difference between Dividend and Growth mutual fund types? ### Answer: A growth fund is looking to invest in stocks that will appreciate in stock price over time as the companies ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good idea to rebalance without withdrawing money? ### Answer: Yes, rebalancing with new money avoids capital gains taxes and loads (although if you're financially literate enough to be thinkin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should you diversify your bond investments across many foreign countries? ### Answer: The Vanguard Emerging Market Bond Index has a SEC yield of 4.62%, an expense ratio of 0.34%, a purchase fee of 0.7...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would you ever turn down a raise in salary? ### Answer: My answer has nothing to do with tax brackets or mathematics (I'm taking advantage of the leeway your question allowed), but rather it has t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How long can a company keep the money raised from IPO of its stocks? ### Answer: You realize that most of the money raised through the IPO process doesn't go into the company's bank account? Those sha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can't I short a stock that sells for less than $5? Is there another way to “go short” on them? ### Answer: Timothy Sykes specializes in this type of trade, according to his website. He has some re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When an investor makes money on a short, who loses the money? ### Answer: The correct answer to this question is: the person who the short sells the stock to. Here's why this is the case. Say we hav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the IRS reprieve those who have to commute for work? ### Answer: Short answer, yes. But this is not done through the deductions on Schedule A. This can happen if the employer creates a Flexible S...
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: The default scenario that we're talking about in the Summer of 2011 is a discretionary situation where the gove...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Please help me understand reasons for differences in Government Bond Yields ### Answer: These are yields for the government bonds. EuroZone interest rates are much lower (10 times lower, in fact) than...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can home buying be considered a sound investment with all of that interest that needs to be paid? ### Answer: Since then I wanted to move out of this house because the property taxes are so high a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does remittance work? How does it differ from direct money transfer? ### Answer: If you are a citizen of India and working in Germany, then you are most likely an NRI (NonResident Indian). If so, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do volatility stocks/ETFs (TVIX, VXX, UVXY) trend down in the long-term? ### Answer: There is more than a single reason why TVIX loses value over time. Futures curve. VIX is always expected to tre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to quickly track daily cash expenses that don't come with a receipt? ### Answer: A pencil and a small notepad really work here, but if you have a smartphone then some way of using it makes sense a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why naked call writing is risky compare to Covered call? ### Answer: There is unlimited risk in taking a naked call option position. The only risk in taking a covered call position is that you will b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to maximize small business 401k contribution? ### Answer: According to the 401K information from the IRS' website, it seems that you could seemingly get away with a salary as low as $53,000. It's ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay down on second mortage when underwater? ### Answer: If you're planning to walk away from the house - don't invest any more money in it. Just be aware of the consequences. It may be worth consideri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Open Interest vs Volume for Stock Options ### Answer: For stock options, where I'm used to seeing these terms: Volume is usually reported per day, whereas open interest is cumulative. In addition, som...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I find a list of self-select stocks & shares ISA providers? ### Answer: I can't provide a list, but when I took out my Stocks and Shares, I extensively researched for a good, cheap, flexible o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Bollinger Bands and TRENDING market ### Answer: Bollinger Bands are placed standard deviations away from the moving average. Therefore if the price is volatile, the bands diverge from the mean. During...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Option settlement for calendar spreads ### Answer: First off, you should phone your broker and ask them just to be 100% certain. You will be exercised on the short option that was in the money. It is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When a stock price goes down, does the money just disappears into thin air? ### Answer: Yes and no. There is no actual money involved - just assumed value. Imagine you own a picture that you painted y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do 10 year-old luxury cars lose so much value? ### Answer: Personally, I buy newer luxury cars for two reasons. 1) Status symbol Newer cars have the latest looks, performance, and features like ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best way to determine if you should refinance a mortgage? ### Answer: Yes, take the new rate, but instead of using the new 30 year term, calculate the payment as though the new mortgage we...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Make punctual contributions to IRS based on earnings ### Answer: I will answer this question broadly for various jurisdictions, and also specifically for the US, given the OP's tax home: Generally, fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing $50k + Real Estate ### Answer: I would say that, for the most part, money should not be invested in the stock market or real estate. Mostly this money should be kept in savings: I feel like...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is auto insurance ridiculously overpriced for those who drive few miles? ### Answer: Many services charge prices that do not scale linearly with usage. This is because the service provider has fi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is my employer affected if I have expensive claims on my group health insurance? ### Answer: I don't think so. There is a provision in ObamaCare called "community rating" that applies starting in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Amazon's offer of a $50 gift card a scam? ### Answer: Based on my personal experience with that particular offer, I can say that it's not really a scam. I signed up for an Amazon Credit Card to get...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are mutual funds a good choice for a medium to low risk investment with a two year horizon? ### Answer: I assume you mean Stock Mutual funds. 2008 wasn't that long ago. Down 37%. 07/08 combined were ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax on Stocks or ETF's ### Answer: If you receive dividends on an investment, those are taxed. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: New to Stock Trading ### Answer: Investopedia got some good tutorials on stocks and a good simulator to play around without loosing hard earned money. http://www.investopedia.com/university/stocks/ ...