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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wisest option to pay for second career education ### Answer: Tl;dr by anecdata I paid for my master's degree from investments/savings with a HELOC backstop It appears you don't have the 62k cash need...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Real Estate ever a BAD investment? If so, when? ### Answer: I'm surprised to even hear this question with the current state of devaluation of real estate. One thing I'll add to the other answers i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do UK Gilts interest rates and repayments work? ### Answer: A title such as "5% Treasury Gilt 2020" expresses the nominal yield. In other words, 5% is the yield you will receive if you are able t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where should I park my money if I'm pessimistic about the economy and I think there will be high inflation? ### Answer: Given those assumptions (which I happen to think are reasonable) it seems to me ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Value of credit score if you never plan to borrow again? ### Answer: If you're wealthy why do you think they wouldn't sue you for the money you owed?? And, as sunk818 says, credit scores can influence...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If there's no volume discount, does buying in bulk still make sense? ### Answer: If they don't spoil, you can still get some marginal benefit if buying in bulk means you avoid the need for a trip to t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Cost Basis in Retirement Accounts Irrelevant? ### Answer: One thing to keep in mind is that with Roth accounts, there are different withdrawal considerations based on your contributions. For example, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where do traders take their prices data from? How can it be different from their brokers'? ### Answer: To add a bit to Daniel Anderson's great answer, if you want to 'peek' at what a the set of bid an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a 10 year old uncashed paycheck still good? ### Answer: You probably can't deposit the check directly, but there are mechanisms in place to get your money through other means. In the US, all states...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does Joel Greenblatt's “Magic Formula Investing” really beat the market? ### Answer: Probably not. Once the formula is out there, and if it actually seems to work, more and more investors chase the s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy index mutual fund or build my own? ### Answer: One thing I would add to @littleadv (buy an ETF instead of doing your own) answer would be ensure that the dividend yield matches. Expense ratios ar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When shorting a stock, do you pay current market price or the best (lowest) available ask price? ### Answer: In terms of pricing the asset, this functions in exactly the same way as a regular sell, so...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sell or keep rental Property? ### Answer: Sell the house, in the scenario you describe he is using the property as an investment with a $250 per month buy-in. This investment doesn't make a return rig...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why call option price increases with higher volatility ### Answer: The entire premise of purchasing a call option is your expectation that the prices will rise. So even though there is a possibility o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it really mean to buy a share? ### Answer: Ditto to MD-Tech, but from a more "philosophical" point of view: When you buy stock, you own it, just like you own a cell phone or a toaster or a p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Organizing Expenses/Income/Personal Finance Documents (Paperless Office) ### Answer: I'm trying to organize my financial papers as well. I have a Fujitsu ScanSnap and it's tearing through my papers l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I diversify $7k across ETFs and stocks? ### Answer: When you are starting out using a balanced fund can be quite advantageous. A balanced fund is represents a diversified portfolio in single f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do tax-exempt bond fund earnings need to be reported on taxes? ### Answer: Tax-exempt interest (and dividends attributable to tax-exempt interest) is required to be reported on Form 1040 line 8b (or t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stocks always able to be bought and sold at market price? ### Answer: For any large company, there's a lot of activity, and if you sell at "market" your buy or sell will execute in seconds within ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any downside snapping a picture (or scanning a copy) of every check one writes vs. using a duplicate check? ### Answer: For me, the main benefit of using duplicate checks is that the copy is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where do countries / national governments borrow money from? ### Answer: Sovereign states borrow money explicitly in a two primary ways: A sovereign cannot be compelled to repay debt, and there isn't ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 1000 pound to invest ### Answer: ChrisW's comment may appear flippant, but it illustrates (albeit too briefly) an important fact - there are aspects of investing that begin to look exactly like gambli...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I still need to pay capital gains taxes when I profit from a stock in a foreign currency? ### Answer: Yes, you still need to pay income tax on your capital gain regardless of whether you converted ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do Americans have to file taxes, even if their only source of income is from a regular job? ### Answer: One of the reasons is also general distrust to the government. Another one is that there exi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: how does one start an investing club (as a company)? ### Answer: Taxes are the least of your concerns. Your friends need licenses. Although this COULD be avoided entirely with certain craftily worded ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Full-time work + running small side business: Best business structure for taxes? ### Answer: I have a very similar situation doing side IT projects. I set up an LLC for the business, created a separa...
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: There will quickly come a time when buying to rebalance is impractical. Consider, you save 10%, and at some point, you have 5x you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is high trading volume in a stock indicative of? Is high liquidity a good thing or a bad thing? ### Answer: High liquidity doesn't necessarily mean that "everybody is getting rid of the stock", s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Explain the details and benefits of rebalancing a retirement portfolio? ### Answer: Rebalancing your portfolio doesn't have to include selling. You could simply adjust your buying to keep your portfo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off my student loan before buying a house? ### Answer: It depends on the terms. Student loans are often very low interest loans which allow you to spread your costs of education over a lo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a stock exchange company actually go bust? ### Answer: Technically, of course. Almost any company can go bankrupt. One small note: a company goes bankrupt, not its stock. Its stock may become wort...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does FHA goes hand in hand with PMI ? ### Answer: FHA insured loans must 'go hand in hand' with PMI, because the FHA element is the insurance itself. The FHA isn't actually giving you a loan, that's ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How and where to get the time series of the values USDEUR? ### Answer: The Federal Reserve Bank publishes exchange rate data in their H.10 release. It is daily, not minute by minute. The Fed says this...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would anyone buy a government bond? ### Answer: Building on the excellent explanation by "Miichael Kjörling": Why would you rather "term deposit" your money in a bank and only earn interest of cer...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Weekly budgets based on (a variable) monthly budget ### Answer: Try reading about budgeting. Make a list of all income coming in and all expenses going out. Eliminate any unnecessary expenses and try...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Typical return for an IRA? How can I assess if my returns were decent? ### Answer: There is no typical return for an IRA. Understand that an IRA is not an investment type, it is just an account that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What home improvements are tax deductible? ### Answer: As noted above but with sources An improvement materially adds to the value of your home, considerably prolongs its useful life, or adapts it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I find open source portfolio management software? ### Answer: Have you looked into GnuCash? It lets you track your stock purchases, and grabs price updates. It's designed for double-entry ac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Building financial independence ### Answer: While I can appreciate you're coming from a strongly held philosophy, I disagree strongly with it. I do not have any 401k or IRA I don't like that you need...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does 83b election work when paying fair market value at time of grant? ### Answer: 83(b) election requires you to pay the current taxes on the discount value. If the discount value is 0 - the taxe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does Robinhood stock broker make money? ### Answer: Charging very high prices for additional standard services: See Commission & Fees: https://brokerage-static.s3.amazonaws.com/assets/robinhood/le...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any credit cards with a statement period longer than 1 month? ### Answer: If the billing cycle is 2 to 3 months, it would mean Banks have to give credit for a longer period and it makes the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In Canada, how bad must your credit be for a denial of a Secured Credit Card? ### Answer: A bank or credit card agency can deny your application for pretty much any reason. That said, it's extremely u...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks give access to all your transaction activity? ### Answer: All the other answers here are correct, but I'll add one more perspective. I am a business architect at one of the world's lar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First time home buyer. How to negotiate price? ### Answer: As far as the specific price - it depends so much on the area and the house and other things. 70k could be a perfectly reasonable offer, or ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why buy insurance? ### Answer: You don't mention what kind of insurance you're talking about, but I'll just address one angle on the question. For some kinds of insurance, such as health insurance (in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to select a bank based on availability in two areas? ### Answer: Asking a bank for which ATM/branch network it belongs to and where those networks are would be your best bet. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As a Sole Proprietor, will “employer” Solo 401k contributions count towards gross income? ### Answer: This seems to depend on what kind of corporation you have set up. If you're set up as a sole propr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making higher payments on primary residence mortgage or rental? ### Answer: I'll assume you live in the US for the start of my answer - Do you maximize your retirement savings at work, at least gettin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Types of investments with built-in puts or similar safety features ### Answer: Many mutual funds include such mechanisms. However, the higher fees for those funds (when compared to simple index funds)...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does ExxonMobil's balance sheet show more liabilities than assets? ### Answer: Even assuming you were reading the balance sheet correctly it means nothing. What banks mostly care about is cash flo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stock prices of retailers not surge during the holidays? ### Answer: The expected holiday sales are "known" or actually guessed at beforehand, and stock prices move in line with these expectati...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much would it cost me to buy one gold futures contract on Comex? ### Answer: Brokers usually have this kind of information, you can take a look at interactive brokers for instance: http://www.inte...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the “Free Ride” rule always apply to your entire collection of shares in a particular stock? ### Answer: You should check with your broker for details, but you can generally specify which "lot" y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I replace Microsoft Money with, now that MS has abandoned it? ### Answer: I use http://moneydance.com/ it has Mac, Windows and Linux versions and works well for my needs. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Reason for “qualified” buyer requirements to exercise stock options/rights spun off from parent company? ### Answer: An option gives you the legal right to buy stock. However, you cannot exercise a st...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why buy insurance? ### Answer: As someone who has worked for both an insurance carrier and an insurance agent, the reason people buy insurance is two fold: to spread risk out, and to get the benefits ...
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: You should contact the Company who purchased your visa balance and ask/write the following questions: 1. Dispute the charge from Emusic.com ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 60% Downpayment on house? ### Answer: Strictly by the numbers, putting more than 20% down is a losing proposition. With interest rates still near all time lows, you're likely able to get a mortgage f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any evidence that “growth”-style indexes and growth ETFs outperform their respective base indexes? ### Answer: They don't, actually. Though in some time frames S&P 500 growth out performs S&P...
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: For a job doing that kind of stuff, what is PREFERRED is 4 year undergrad at ivy league school + 2 year MBA at ivy league schoo...
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: If the buyer exercises your option, you will have to give him the stock. If you already own the stock, the worst that can happen i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a reasonable salary for the owner and sole member of a small S-Corp? ### Answer: You can get audited for anything Business owners are more likely to get audited than people filing 1040-EZ's fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What would be a wise way to invest savings for a newly married couple? ### Answer: First, keep about six months' expenses in immediately-available form (savings account or similar). Second, determine ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does one value Facebook stock as a potential investment? ### Answer: You could try this experiment: pay for an Ad/banner on Facebook for 1 month. The Ad/banner should link to your ecommerce site. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should we prepay our private student loans, given our particular profile? ### Answer: You're doing great. I'd suggest trying get putting 5-10% towards your retirement and the balance to the student l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In Canada, are options available to subsidize conversion of a house into an energy efficient house? ### Answer: There may be more, but a good starting point would be the ecoENERGY Retrofit Grants and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax implications of corporate housing ### Answer: If the employer provides housing to the employee, the employer has to identify whether it is taxable or not. If it is - the amounts would be added to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Life insurance policy ### Answer: From the details you have given it looks like you have "Unit Linked" insurance policy. In such policies a part of the premium goes towards the "Insurance", the balanc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to move (or not move) an LLC from Illinois to New Mexico? ### Answer: Why not just leave it as is and register as foreign entity in New Mexico? You won't avoid the gross receipts tax, but other th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Landlord Tax Relief Changes UK ### Answer: This article on the landlord website Property118.com shows a simple example, demonstrating that a private landlord with a mortgage could see a huge jump in t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Quote driven and order driven financial markets ### Answer: - In a quote driven market, must every investor trade with a market maker? In other words, two parties that are both not market maker...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do grocery stores in the U.S. offer cash back so eagerly? ### Answer: Cash-back also lets the store turn hard currency into an electronic transfer or check, which reduces the hassle/risk of haulin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are Rausch Coleman houses so cheap? Is it because they don't have gas? ### Answer: The reason Rausch Coleman homes are generally cheaper, is because they are a high volume dealer. Their communitie...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is foreign stock considered more risky than local stock and why? ### Answer: Others have mentioned the exchange rate, but this can play out in various ways. One thing we've seen since the "Brexit" vot...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much time would I have to spend trading to turn a profit? ### Answer: Very subjective question. some may do it in the first year, some lose money all their life. Some make a fortune and then lose ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have savings and excess income. Is it time for me to find a financial advisor? ### Answer: Whether your financial status is considered "OK" depends on your aspirations. You aren't spending more tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why doesn’t every company and individual use tax-havens to pay less taxes? ### Answer: In a nutshell, there are significant entrance hurdles, legally and especially financially. The fixed cost and eff...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best asset allocation for a retirement portfolio, and why? ### Answer: This turned out be a lot longer than I expected. So, here's the overview. Despite the presence of asset allocation c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would I ever need credit card if my debit card is issued by MasterCard/Visa? ### Answer: In most cases, a debit card can be charged like a credit card so there is typically no strict need for a credit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best steps to start saving money for a fresh grad in Singapore? ### Answer: This is assuming that you are now making some amount X per month which is more than the income you used to have as a student...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Figuring out if I receive US income? ### Answer: I believe the answer is no, since your income from royalties and app sales would fall under FDAP income. (another conformation of this would be the fac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I trade in U.S stock exchange living in India by choosing the broker in U.S? ### Answer: OptionsXpress includes India in the list of countries where is possible to open an international accoun...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making $100,000 USD per month, no idea what to do with it ### Answer: What I would do, in this order: Get your taxes in order. Don't worry about fancy tricks to screw the tax man over; you've already ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Got a “personal” bonus from my boss. Do I have to pay taxes and if so, how do I go about that? ### Answer: Yes, it's taxable. If anyone suggests it's a gift, they are mistaken. There's a line on the 1...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth trying to find a better minimum down payment for a first time home buyer? ### Answer: If you are putting down less than 20% expect to need to pay PMI. When you first applied they should h...
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: Question: Does a billion dollars make you 1,000 times more happy than a million dollars? Answer: It doesn't...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing thought experiment ### Answer: Yes, if your assumptions are correct then your conclusions are correct. But your assumptions are never correct, and so this thought experiment doesn't tell us ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should my finances look like at 18? ### Answer: If you're making big money at 18, you should be saving every penny you can in tax-advantaged retirement accounts. (If your employer offers it, see ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stocks always able to be bought and sold at market price? ### Answer: There needs to be a buyer of the shares you are offering. There are a lot of feature rich options for buying and selling. I ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I use an NRE or NRO account to transfer money from India to the US? Any reports needed? ### Answer: Deposits into NRE account can only be done from funds outside India. So your brother cannot d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: mortgage vs car loan vs invest extra cash? ### Answer: It depends on your tax rate. Multiply your marginal rate (including state, if applicable) by your 3.1% to figure out how much you are saving thro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the financial advantages of living in Switzerland? ### Answer: The cost of living is quite high in New York City. It has the highest CPI (Consumer Price Index) of any city in the U.S. Salar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I put a large down payment (over 50%) towards a car loan, can I reduce my interest rate and is it smart to even put that much down? ### Answer: With that credit rating you should have no trouble ge...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit Card Purchase - 'it is the bank's money no[t] yours' ? ### Answer: The statement is (in laymans terms - if not in real terms) correct. Most credit cards (I know this to be true for VISA and Mas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Good book-keeping software? ### Answer: I'm not directly affiliated with the company (I work for one of the add-on partners) but I can wholeheartedly recommend Xero for both personal and business fina...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to decide on split between large/mid/small cap on 401(k) and how often rebalance ### Answer: Slice and Dice would have the approach for dividing things up into 25% of large/small and growth/value ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to reconcile final payment on installment sale for IRS form 6252? ### Answer: Reading IRS Regulations section 15a.453-1(c) more closely, I see that this was a contingent payment sale with a stated...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to keep control of shared expenses inside marriage? ### Answer: Why not start a third account, the "house" account? However you decide to fund it, equally or in proportion to income, you both chip...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy index mutual fund or build my own? ### Answer: There are only three circumstances where building your own "index" portfolio make sense, in my opinion. ###end