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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: why would closing price of a stock be different from different sources, and which would you take as the real price? ### Answer: There is more than one exchange where stock can be traded. For example...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trouble sticking to a budget when using credit cards for day to day transactions? ### Answer: Similar to what Adam F says above, except instead of just transfering the amount you spend on the credit c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Avoid Capital Gains on Rental ### Answer: What you are looking for is a 1031 exchange. https://www.irs.gov/uac/like-kind-exchanges-under-irc-code-section-1031 Whenever you sell business or investment ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How bad is it to have a lot of credit available but not used? ### Answer: Ironically, the worst financial advice I read comes from "bankers." The top dozen members here can be trusted to give better a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ideas on how to invest a relatively small amount of British pounds ### Answer: First I assume you are resident for tax purposes in the UK? 1 Put 2000 in a cash ISA as an emergency fund. 2 Buy share...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay off credit cards in one lump sum, or spread over a few months? ### Answer: I know you say you are aware of secured and unsecured debt and you've made your decision. Did you do the numbers? You w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ballpark salary equivalent today of “healthcare benefits” in the US? ### Answer: Healthcare for the employee is more valuable to the employer than is providing healthcare for the rest of the family me...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the principle of forming an arbitrage strategy? ### Answer: Arbitrage is basically taking advantage of a difference in price. Generally extending to "in different places for the same thing". ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: how stock market sale work? ### Answer: As stock prices have declined, the net worth of people has come down. Imagine owning a million shares of a stock worth $100/share. This is worth $100,000,000. N...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do i get into investing stocks [duplicate] ### Answer: 50 (dollars, Euros?) is a very small amount to invest. The first time I ever bought stock I picked a winner. It went up by about 40% in the f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What would I miss out on by self insuring my car? ### Answer: Insurance is to mitigate risk you can't handle yourself. (All insurance, not just car insurance.) The expected value of the insurance wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why should a company go public? ### Answer: You go public to raise money, to invest in the business and/or pay off the existing shareholders. It's really as simple as that. The advantage of being publ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As an employer, how do I start a 401k or traditional IRA plan? ### Answer: Here is a nice overview from Vanguard on some options for a small business owner to offer retirement accounts. https://inve...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I legally and efficiently help my girlfriend build equity by helping with a mortgage? ### Answer: all the other answers are spot on, but look at it this way. really all you mean when you say "...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Benefits/Disadvantages of using a credit card ### Answer: I just want to stress one point, which has been mentioned, but only in passing. The disadvantage of a credit card is that it makes it very...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is company provided health insurance tax free, but individual health insurance is not? ### Answer: The idea is that the premiums (or costs) associated with the plan are a business expense, you kno...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Prepaying a loan: Shouldn't the interest be recalculated like a shorter loan? ### Answer: A few years ago I had a 5 year car loan. I wanted to prepay it after 2 years and I asked this question to the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to borrow money to accrue interest, and then use that interest to pay back the borrower + fees? ### Answer: With (1), it's rather confusing as to where "interest" refers to what you're ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what age should I start or stop saving money? ### Answer: While there is no age limit, bear in mind that saving money makes sense only if it doesn't delay your paying off expensive debt. If you hav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is OkPay not allowed in the United States? ### Answer: according to their client services it is a licensing issue: Thread: OKpay didn't Accept USA clients? They do not elaborate but do suggest tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Legality of facilitating currency exchange between private accounts ### Answer: I can't answer from the Indian side but on the UK side, if you and your friend are not related then there is no tax impl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The life cycle of money ### Answer: I'll answer but avoiding discussion of M1, M2 etc, too pedantic. I don't believe you are asking about the lifetime of either coins or paper money. I think you are r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens if a Financial Services Company/Stockbroker goes into administration in the UK? ### Answer: Nothing. Stockbrokers set up nominee accounts, in which they hold shares on behalf of individua...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Resources to begin trading from home? ### Answer: Your plan won't work. Working 40 hours a week at federal minimum wage (currently $7.25 / hr) for 52 weeks is an annual income of just over $15,000. Ev...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Historical share price at exact day and time ### Answer: You'd have to buy that information. Quoting from this page, Commercial Historical Data Higher resolution and more complete datasets are general...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Legality of facilitating currency exchange between private accounts ### Answer: Disclaimer: it's hard to be definitive as there may be some law or tax rule I'm not aware of. From a UK perspective, thi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I withdraw cash from selling investments before the settlement date? ### Answer: Depends on your account. If you have a margin account, then you can "withdraw" the margin, and it will get paid off...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it okay to be married, 30 years old and have no retirement? ### Answer: You are making close to 200 K a year which is great. The aggressive payments on loans takes out around 30K which is good. The...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a merchant charge you more in the US if you want to use a credit card? ### Answer: This isn't so much a legal issue, the prohibition on giving discounts was written into the merchant agreements th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I get into investing? ### Answer: Don't do it until you have educated yourself enough to know what you are doing. I hope you won't take this personally, but given that you are wandering around ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying and selling the same stock ### Answer: Sorry, no, any time you sell for a profit you owe tax. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which shareholders cause news-driven whole market stock swings? ### Answer: News-driven investors tend to be very short-term focussed investors. They often trade by using index futures (on the S&P 500...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is everyone saying how desperately we need to save money “in this economy”? ### Answer: I would add to the other excellent answers that another factor besides just high unemployment numbers is the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I don't understand all this techincal jargon ### Answer: Note: While I think the above is a reasonable interpretation, I'm not about to take legal responsibility for it since I'm not a lawyer, if you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what point should I go into credit card debt? ### Answer: Credit cards are a reasonable if relatively expensive tool to gain liquidity. If you have $50k in liquid cash, you don't have a liquidity p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: devastated with our retirement money that we have left ### Answer: I'm going to discuss this, in general, as specific investment advice isn't allowed here. What type of account is the $60K in now? I m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My account's been labeled as “day trader” and I got a big margin call. What should I do? What trades can I place in the blocked period? ### Answer: I assume that whatever you're holding has lost a con...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment strategy for a 20 year old with about 30k in bank account ### Answer: You don't state a long term goal for your finances in your message, but I'm going to assume you want to retire early, a...
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: Well, I suppose it depends on your idea of a "lost cause". Are you planning to lose the house to foreclosure? If so, then yes, it's a lost caus...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any way to buy a new car directly from Toyota without going through a dealership? ### Answer: You already got good answers on why you can't buy a Toyota from the factory, but my answer is reg...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: what would you do with $100K saving? ### Answer: 4) Beef up my emergency fund, make sure my 401(k) or IRA was fully funded, put the rest into investments. See many past answers. A house you are living...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the key facts to research before buying shares of a company? ### Answer: I have my "safe" money in index funds but like to dabble in individual stocks. My criteria and thought process are usu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why most of apple stock price since 10years have been gained overnight? ### Answer: I'll answer this question: "Why do intraday traders close their position at then end of day while most gains can be ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Optimal way to use a credit card to build better credit? ### Answer: Or here's a better idea: don't have a credit card at all. They offer no real benefits and plenty of dangers. Don't take my word f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it beneficial to convert non-investment real estate to rental if I need to make major repairs? (USA/Missouri) ### Answer: I don't have a direct answer for you, but here are some other things you mi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to bonds values when interest rates rise? [duplicate] ### Answer: It depends a lot on your investment period and the quality of the bonds that you want to invest. For example, if you want...
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: I was in a similar situation about a year ago, and the expedient thing to do would be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a good forum where I can discuss individual US stocks? ### Answer: The motley fool is one of the best places. Other good communities are Yahoo Finance, Seeking Alpha, and Investors Place. I ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to deal with the credit card debt from family member that has passed away? ### Answer: First, if it is in any way a joint account, the debt usually goes to the surviving person. Assets in joint ac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If gold's price implodes then what goes up? ### Answer: Nothing necessarily has to "benefit." Right now, what primarily drives demand for gold is its perceived use as a hedge against the inflation of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I use trusts to manage my wealth? ### Answer: If someone leaves their assets to heirs outside a trust, these assets are often liquidated and then distributed in a single lump sum. While most e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Payroll reimbursments ### Answer: What they are doing is wrong. The IRS and the state might not be happy with what they are doing. One thing you can ask for them to do is to give you a credit card fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My employer doesn't provide an electronic pay stub and I need one to get a car loan ### Answer: You have a few options and sometimes challenges help us improve our situation. First, you can not borrow...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a house for a shorter term ### Answer: When on this topic, you'll often hear general rules of thumb. And, similar to the 'only buy stocks if you plan to hold more than X years' there are going ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Cost of Living overstated? ### Answer: New York City is high cost-of-living, and I have absolutely no clue why people live there. It's a tough place, and the taxes are oppressive. People buy a st...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you get out of a Mutual Fund in your 401(k)? ### Answer: Most 401k plans (maybe even all 401k plans as a matter of law) allow the option of moving the money in your 401k account from one mutual...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can banks deny that you've paid your loan? ### Answer: If the loan is for a car, or mortgage there is specific paperwork that is processed when the loan payments have been completed. For other types o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is mortgage interest deductible in the USA for a house you live in? ### Answer: Taxes are a tool for achieving social policy goals. While Americans consider "Socialism" to be a curse, the US is in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much more than my mortgage should I charge for rent? ### Answer: In order to arrive at a decision you need the numbers: I suggest a spreadsheet. List the monthly and annual costs (see other respo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I improve my credit score if I am not paying bills or rent? ### Answer: When you say "promptly paying off the outstanding balance", do you mean you pay it off literally as soon as you have inc...
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: I probably wouldn't turn down a raise, but there are some circumstances in which you might hesitate. Having a disproportionately high salary...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is A Company Abusing The Tax Code When It Does This, And How Does The IRS Prevent It? ### Answer: A rather good IRS paper on the topic states that a donation of a business' in-kind inventory would be ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are my parents ripping me off with this deal that doesn't allow me to build my equity in my home? ### Answer: You are being ripped off on several counts. 1) 40k is 26% not 25%. 2) Why should you pay t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people buy insurance even if they have the means to overcome the loss? ### Answer: Insurance isn't a product designed to protect against financial loss. The product is designed to allow people ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does the importance of a cash emergency fund change when you live in a country with nationalized healthcare? ### Answer: The issue is how likely you will have zero income for six months, and what ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Visiting vacation rental with immediate family ### Answer: If you and your wife are owners, your tickets might be a business expense against the rental income. 'Might' as in the IRS will be happy to a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do with a 50K inheritance [duplicate] ### Answer: First, don't borrow any more money. You're probably bankrupt right now at that income level. 2k/month is poverty level income, especially in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Gigantic point amount on rewards card - what are potential consequences? ### Answer: Most likely scenario (A): You spend tons of time and effort talking to them, with the end result that they take awa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't more people run up their credit cards and skip the country? ### Answer: It's harder than you think. Once card companies start seeing your debt to credit line ratios climb, they will slash y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I receive payment from the USA to my current account in India ### Answer: There is nothing called best; Depending on the amounts there are several options and each will cost some money. If you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the US Fair Tax? ### Answer: The fair tax is a proposal to replace the US income tax with a sales tax. Pros of Fair Tax: It's a large change to the way the United States currently does things...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Rent or buy with 0 down ### Answer: In the situation you describe, I would strongly consider purchasing. Before purchasing, I would do the following: Think about your goals. Work with good people. Se...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Rental Properties: Is it good or bad that I can't find rental listings on that street? ### Answer: Based on the information you gave, there are dozens if not hundreds of possible theories one could sp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can my friend send $3K to me without using Paypal? ### Answer: Have his bank put the money on a gift card or gift cards and have somebody send them to you in the mail. In fact, if you are going to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The spread goes to the market maker, is the market maker the exchange? ### Answer: Joke warning: These days, it seems that rogue trading programs are the big market makers (this concludes the joke) Hi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I invest in a company that goes bankrupt, is that a gain or a loss? ### Answer: I'll give the credit to @Quid in the comments section of the question. You put out $10k, you got back $20k, that's a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a TFSA work? Where does the interest come from? ### Answer: As to where the interest comes from: The same place it comes from in other kinds of savings accounts. The bank takes the money you ...
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: Their interest expense was $17M. Where you see $5.14/sh in Key Statistics, any daily interest received is more than can...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What part of buying a house would make my net worth go down? ### Answer: Buying a house can definitely make your net worth go down because there are expenses involved (interest expense, closing costs,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a finance API of some kind to get all holdings for a specific mutual fund? ### Answer: Generally, the answer to the availability of holdings of a given mutual fund on a daily basis is no. Thu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why I cannot find a “Pure Cash” option in 401k investments? ### Answer: Technically there could be a true cash fund, but the issue is it would need to have some sort of cost associated with it, which ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What would a stock be worth if dividends did not exist? [duplicate] ### Answer: In the unlikely case that noone finds a way to extract resources from the company and distribute them to shareholders pe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros/Cons of Buying Discounted Company Stock ### Answer: One major benefit to being able to buy discounted company stock is that you can sell in-the-money covered calls and potentially make more than ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy stocks of my current employer because of its high dividend yield? ### Answer: Your cons say it all. I would not be buying stocks based soley on a high dividend yield. In fact companies wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does a stock's price fluctuate so often, even when fresh news isn't available? ### Answer: Investors are "forever" comparing the prices of stocks to other stocks. As others have pointed out, this ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the next step to collect money after a judgment has been ignored? ### Answer: On the off chance that your indebted person is unwilling to pay and you know they have the methods, it's a great o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a company care about the price of its own shares in the stock market? ### Answer: The other answer has some good points, to which I'll add this: I believe you're only considering a company'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mortgage or not? ### Answer: A primary residence can be an admirable investment/retirement vehicle for a number of reasons. The tax savings on the mortgage are negligible compared to these. A $200,00...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sale of jointly owned stock ### Answer: The question seems to be from the point of view actual sales and not its impact on one's taxation. In case you just want to sell, why brokers will respond diffe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are solar cell panels and wind mills worth the money? ### Answer: Solar water heaters are definitely worth the money (if you live in sunny states like South-South-West or Hawaii, at least). In some co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Jointly filing taxes in 2 different states ### Answer: Both states will want to tax you. Your tax home is where you maintain a domicile, are registered to vote, etc. and you will probably want to keep...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying myself a distribution caused a negative Owner's Equity account balance? Is this normal? ### Answer: It's not abnormal for a company that is as young as yours seems to be. It seems (based on wha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Basic questions about investing in stocks ### Answer: What is a stock? A share of stock represents ownership of a portion of a corporation. In olden times, you would get a physical stock certificate (...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Non Resident Alien(Working full time on F1-OPT) new car sales tax deduction ### Answer: No, if you are a nonresident alien, you cannot deduct sales tax. You can only deduct state income tax. 1040NR Sc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Offered a job: Should I go as consultant / independent contractor, or employee? ### Answer: Your comment to James is telling and can help us lead you in the right direction: My work and lifestyle will...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I factor dividends and yield into the performance of a security? ### Answer: Usually I've seen people treat the dividend like a separate cash flow, which is discounted if the company doesn't ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much is inflation? ### Answer: FYI...prices don't always go up. Inflation is a monetary phenomenon. I'm simplifying greatly here: if more money is printed (or the money supply increases through ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Job Offer - Explain Stock Options [US] ### Answer: Since the 2 existing answers addressed the question as asked. Let me offer a warning. You have 10,000 options at $1. You've worked four years and the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are some countries' currencies “weaker”? ### Answer: You may as well ask why a piece of wood is 25 centimeters long but only 10 inches. Most units of measure are very arbitrary. Somebody decides t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who owns historical valuations about equity such as stocks and index funds? ### Answer: I expect that data may be copyright. Data that's published (e.g. on a newsfeed or web site) is subject to terms ...