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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can't the account information on my checks be easily used for fraud? ### Answer: When an someone as esteemed and smart as Donald Knuth tells you the chequing system is busted it's time to close your c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I own a mutual fund that owns voting shares, who gets the vote? ### Answer: You will not get a vote on any issues of the underlying stock. The mutual fund owner/manager will do the voting. In 2004, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the real risks in “bio-technology” companies? ### Answer: Note: My sister works for one of the largest clinical development, testing, and commercialization companies so I know some of the key...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I calculate interest portion of income when selling a stock? ### Answer: When you sell the stock your income is from the difference of prices between when you bought the stock and when you sol...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: value of guaranteeing a business loan ### Answer: The guarantee's value to you is whatever you have to pay to get the guarantee, assuming that you don't decide it's too expensive and look for another ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I find a high-risk, high-reward investment that is not strongly correlated with the U.S. economy? ### Answer: High risk, high reward doesn't really mean anything. The reason that investments a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First time investing advice (Canada) ### Answer: Question One: Question Two: Your best reference for this would be a brokerage account with data privileges in the markets you wish to trade. Failing th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you measure the value of gold? ### Answer: There is no such thing as intrinsic value. Gold has value because it is rare and has a market. If any of those things decline, the value plunges. The ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Purchasing options between the bid and ask prices, or even at the bid price or below? ### Answer: I frequently do this on NADEX, selling out-of-the-money binary calls. NADEX is highly illiquid, and t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Apartment Security Deposit refunds in Maryland ### Answer: In Maryland, a landlord must hold your security deposit in an escrow account and pay you interest when returning the deposit. The interest i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the catch in investing in real estate for rent? ### Answer: There is a positive not being mentioned above: the depreciation vs your regular earned income. Disclaimer: I am not a tax attorney or...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do the 1 and 2 euro cent coins exist and why are they used? ### Answer: I guess other than tradition and inflation, probably because the merchants want them. In the US, what currently costs $2.0...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is most time-efficient way to track portfolio asset allocation? ### Answer: If you have enough assets at T Rowe Price, you get what I think is a scaled back version of the portfolio tracker for f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I use trusts to protect my wealth? ### Answer: Perhaps you have heard a bit about Trusts and know that wealthy families and their highly paid advisors know when and how to set up trusts to pro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying real estate with cash ### Answer: If they really want cash, you notify your bank in advance of the amount and have it put in your account, then you both sign the paperwork at the bank and after...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the stock market too risky for long term retirement funds? Why should a 20- or 30-something person invest in stocks? ### Answer: I would start with long term data. It would show how 40 years worth ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is an open-sourced World Stock Index a pipe-dream? ### Answer: I think that any ETF is "open source" -- the company issues a prospectus and publishes the basket of stocks that make up the index. The s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are proceeds from writing covered calls taxed? ### Answer: Successful covered calls are short term capital gains. The amount of time you have owned the underlying security is irrelevant. The gain ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Has anyone compared an in-person Tax Advisor to software like Turbo Tax? ### Answer: I've done my taxes using turbotax for years and they were not simple, Schedule C (self-employed), rental properties...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Gift Tax and LLC with foreign partners ### Answer: The LLC portion is completely irrelevant. Don't know why you want it. You can create a joint/partnership trading account without the additional compl...
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: We learned the hard way on this one. First, our area was hit with what was called an "inland hurricane" where we forced t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a real estate attorney needed for builder deposit contract? ### Answer: You need to let a lawyer look at it. Concerns you have include: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Single investment across multiple accounts… good, bad, indifferent? ### Answer: One implication is the added fees if you are investing in something with a trading cost or commission, such as your stoc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do financial institutions charge so much to convert currency? ### Answer: Perhaps it's the terminology "fee" that makes it a little confusing. I'm not sure whether it's due legislation or if it's ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: “Inflation actually causes people not to spend”… could it be true? ### Answer: Inflation can go up for a number of reasons. Boom times can cause inflation, as everyone is making and spending a lot of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the common moving averages used in a “Golden Cross” stock evaluation? ### Answer: The 'standard' in such moving average crossover systems is 50/200. The numbers are essentially arbitrary as l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to hedge a long stock position that does not have options ### Answer: If there are no traded options in a company you can get your broker to write OTC options but this may not be possible given so...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to evaluate stocks? e.g. Whether some stock is cheap or expensive? ### Answer: Its like anything else, you need to study and learn more about investing in general and the stocks you are looking at...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: That “write your own mortgage” thing; how to learn about it ### Answer: It sounds like you are describing "seller-financed" mortgages (also sometimes called "self-financed", where "self" is the seller...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advice on preserving wealth in a volatile economic/political country ### Answer: I suggest that you're really asking questions surrounding three topics: (1) what allocation hedges your risks but also ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's “wrong” with taking money from your own business? ### Answer: It's wrong in several situations: One, the business owner counts this as a business expense, which it is not, and therefore reduce...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Most common types of financial scams an individual investor should beware of? ### Answer: Investing in a business can be daunting and risky, so it is not for everyone. The most common pitfalls are men...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A guy scammed me, but he gave me a bank account number & routing number. Can I use that to take out what he owes me? ### Answer: You're not focusing in the right place and neither is anyone else on th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I pay for school to finish my degree when I can't get a student loan and have bad credit? ### Answer: a) Talk to the financial aid counselors at your school. There's a very good chance they ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: One of my stocks dropped 40% in 2 days, how should I mentally approach this? ### Answer: The mental approach should be that you always knew the risk of gambling and it was extra money that you had (or...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Has anyone compared an in-person Tax Advisor to software like Turbo Tax? ### Answer: It depends on the person. i will take turbo tax over any mediocre or poor accountant ANY DAY. You get consistent,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you invest in real estate without using money? ### Answer: This is one way in which the scheme could work: You put your own property (home, car, piece of land) as a collateral and get a loan fr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the minimum lot size (number of shares) for the London Stock Exchange? ### Answer: Good question! It seems to me that there is no minimum order size for shares trading on the LSE. Please note,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dividend yield for multiple years? ### Answer: Dividend yield is a tough thing to track because it's a moving target. Dividends are paid periodically the yield is calculated based on the stock price ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to bet against the London housing market? ### Answer: Well, Taking a short position directly in real estate is impossible because it's not a fungible asset, so the only way to do it is to trade in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Purpose of having good credit when you are well-off? ### Answer: Your dad may have paid an "opportunity cost" for that outright purchase. If the money he saved had been invested elsewhere, he may hav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In which country can I set up a small company so that I pay a lower rate of corporate tax? ### Answer: Grass is always greener at the other side of the hill. Tax is only a small proportion of your co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I predict which way mortgage rates are moving? ### Answer: Obviously you can't predict the future too much, but it's not too hard to figure out what is going to happen to mortgage rates in the...
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: Are you sure the question even makes sense? In the present-day world economy, it's unlikely that someone young who just started working has the m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Income tax on international income with money not deposited in India ### Answer: Three points for you to keep in mind. 1. In the very first year, you should have 182 days outside India. So that in the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does investing in a company support it? ### Answer: As said by others, buying shares of a company will not support it directly. But let's think about two example companies: Company A, which has 90 % s...
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: I actually think your boss is creating a problem for you. Of course it's taxable. The things ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Better rate for investment between CD or savings ### Answer: Excel has two functions you can use: Your question has the CD with a APR and the savings account that mentions both APR and APY. So convert...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Refinance when going to sell? ### Answer: When evaluating a refinance, it all comes down to the payback. Refinancing costs money in closing costs. There are different reasons for refinancing, and they...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do I see multiple trades of very small quantities? ### Answer: Probing for hidden limit orders usually involves sending the orders and then cancelling them before they get filled if they don't get...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy ~$2200 of a hot stock or invest elsewhere? ### Answer: Can you afford to lose the $2200? If not, the answer is don't buy the stock. No one can tell you if a stock will continue to go up. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When should I walk away from my mortgage? ### Answer: I'm in a similar situation, but I live in a state that doesn't allow mortgagees to "walk away" without recourse. I would consider a short sale or ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using a FOREX platform to actually change money ### Answer: If you wanted to spend money in another country, a specialist credit card would be the most cost-effective way. Near-spot exchange rate, zer...
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: I have an idea. Keep saving what you are and think "Early Retirement". Work for 20 years, then do whatever you want 40...
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: One of many things to consider is that in the United States student loan interest is tax deductible. That fact cou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a company has already IPO'ed and sold its shares, what is the incentive to keep making money? ### Answer: A company doesn't offer up 100% of its shares to the market. There's a float amount of var...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does giving to charity work? ### Answer: Charitable donations can be deducted from your income, and in that way make your taxable income lower, hence lower taxes. That's the meaning of "tax deduct...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the fractional-reserve banking not a Ponzi scheme? ### Answer: Your question contains two different concepts: fractional reserve banking and debt-based money. When thinking of these two things...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are your experiences with 'self directed' 401ks? ### Answer: I have managed two IRA accounts; one I inherited from my wife's 401K and my own's 457B. I managed actively my wife's 401 at Tradestat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I deduct or capitalize the cost to replace a water heater in my rental property? (details Below) ### Answer: You may be able to choose. As a small business, you can expense certain depreciable...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Settling before T+3? ### Answer: The T+3 settlement date only affects cash accounts. In a cash account, you need to wait until the T+3 settlement date for your funds to be available to make your next...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some pre-tax programs similar to FSA that I can take advantage of? ### Answer: 2014 Limit: $2,500 Notes 2014 Limit: $3,300 individual, $6,550 family Notes 2014 Limit: $5,000 Notes 2014 Limit:...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do sole proprietors in India generally use a current account? ### Answer: No. Current account is not a requirement. You can use savings account. You would need to pay taxes on interest. Savings ac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much should a new graduate with new job put towards a car? ### Answer: Money is a token that you can trade to other people for favors. Debt is a tool that allows you to ask for favors earlier than...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the highest quintile the only quintile whose wealth exceeds its income? ### Answer: I think you came up with a worthy Masters/PhD research project, it is a great question. This is in Australia ...
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: I want to know if I cut the citi card in half for example, how much would the min payment go down? If you goal is to become debt-free, the minimum ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is buying or selling goods for gold or silver considered taxable? ### Answer: What you are doing is barter trade. Most countries [if not all] would tax this on assumed fair value. There are instances ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy the open and set a 1% limit sell order ### Answer: Nothing is wrong and it should be profitable - but it sounds too good to be true. The devil is in the details and you have not described how you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are long-term/short-term capital gains tax calculated on restricted stock? ### Answer: Is the Grant Date or the Vest Date used when determining the 12-month cutoff for long-term and short-term cap...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do retail traders get any advantage from learning methods of mathematical of finance? ### Answer: If it could, it seems yet to be proven. Long Term Capital Management was founded by a bunch of math w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to resolve imbalances and orphan transactions in Gnucash? ### Answer: I have been following some of these threads. Some of them are really old. I have read used recording to equity accounts to res...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a maximum amount that I can wire transfer out of US? ### Answer: I can clear the Thailand side for you. These are the sale tax in Thailand: Don't forget to ask your bank in Thailand to issue ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying and selling the same stock ### Answer: No, you can not cheat the IRS. This question is also based on the assumption that the stock will return to $1 which isn't always a safe assumption and tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Home Valuation in a Dodgy neighborhood ### Answer: Over the last ten years you have reaped the benefits of a good financial decision. (Presumably your low mortgage has freed up money for other financi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which US market indexes (Dow/DJIA, S&P500, NASDAQ) include reinvested dividends? ### Answer: While the S&P500 is not a total return index, there is an official total return S&P500 that includes reinve...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Exercise an out of the money option ### Answer: For listed options in NYSE,CBOE, is it possible for an option holder to exercise an option even if it is not in the money? Abandonment of in-the-money ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal to not get a 1099-b until March 15? ### Answer: The deadline to mail is February 15. However, if the form is being prepared by a middleman (i.e. Wells Fargo) then they have until March 15t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What types of ETFs are taxed differently by the IRS? ### Answer: Very interesting question. While searching i also found that some precious metal ETFs (including IAU) gains are taxed at 28% because IR...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why was my Credit Limit Increase Denied? ### Answer: I think they gave you the answer: You haven't previously shown that you can run that particular card up to (near) its existing maximum and then pay...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to park money while saving for a car ### Answer: I would split the savings as you may need some of it quickly for an emergency. At least 1/2 should be very liquid, such as cash or MMA/Checking. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Lump sum annuity distribution — do I owe estate tax? ### Answer: The page you linked shows "Federal changes eliminated Florida's estate tax after December 31, 2004" but no, estates are settled by the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Idea for getting rich using computers to track stocks ### Answer: The main reason I'm aware of that very few individuals do this sort of trading is that you're not taking into account the transaction ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do P/E ratios for a particular industry tend to cluster around particular values? ### Answer: This falls under value investing, and value investing has only recently picked up study by academia, s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Timing between loans and applying for a new credit card ### Answer: There were several areas where the mortgage and car loan have affected your credit. The mortgage had the following impacts, The car...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages/disadvantages of a self-directed IRA? ### Answer: There is nothing wrong with self directed IRA's the problem is that most of the assets they specialize in are better done in o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm 23 and was given $50k. What should I do? ### Answer: To add to @michael's solid answer, I would suggest sitting down and analyzing what your priorities are about paying off the student loan debt v...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can my federal adjusted gross income differ by $1 between my federal and state returns? ### Answer: No, you don't. Rounding errors happen, and if there's no change in the actual tax there's no reason ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Alternatives to Intuit's PayTrust service for online bill viewing and bill payment? ### Answer: Something you may want to consider if you are still choosing a bill-paying service is the contingency po...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does my net paycheck decrease as the year goes on due to tax brackets filling up? ### Answer: H.R. basically consults Publication 15 (this is the link to 2015) to determine how much to hold, based on ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Freelancing Tax implication ### Answer: If you have income in the US, you will owe US income tax on it, unless there is a treaty with your country that says otherwise. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Taxes due for hobbyist Group Buy ### Answer: You do actually have some profits (whatever is left from donations). The way it goes is that you report everything on your Schedule C. You will report this...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do employer contributions count against HSA limits? ### Answer: It's going to be quite a challenge to give a definitive answer to any "Why" question about law, and especially so for a question abo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Changes in Capital Gains Tax in the US - Going to 20% in 2011? ### Answer: For the record, now that 2011 is here we know that the capital gains tax rate didn't change. Congress extended it for two mor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Currently sole owner of a property. My girlfriend is looking to move in with me and is offering to pay 'rent'. Am I at risk here? ### Answer: Edit #2 My whole answer was based on my misunderstanding t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I figure out how much to bid on a parking space? ### Answer: Scenario 1: Assume that you plan to keep the parking space for the rest of your life and collect the income from the rental. You sa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does an employee have the right to pay the federal and state taxes themselves instead of having employer doing it? ### Answer: You can file a revised W-4 with your employer claiming more allowances th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Deposit a cheque in an alternative name into a personal bank account (Australia) ### Answer: Unfortunately, Australian bureocrats made it impossible to register a small business without making the per...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Online stock screener to find stocks that are negatively correlated to another stock/index? ### Answer: There are lists with Top 1,000 Most and Less correlated stocks for different markets, I think yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I buy stocks directly from a public company? ### Answer: As far as I know, the answer to this is generally "no." The closest thing would be to identify the stock transfer company representing the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How expensive is it to keep minimal cash at a brokerage? ### Answer: You're trying to mitigate the risk of having your investments wiped out by fraud committed by your broker by using margin loans to ...