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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Bogleheadism (index fund investing) dead? ### Answer: Dogma always disappoints. The notion that an index fund is the end-all, be-all for investing because the expense ratios are low is a flawed on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does ES1 refer to in this picture? ### Answer: ES1 is the Bloomberg symbol for the CME E-mini S&P 500 front-month continuous contract. ES2, ES3, etc. will likewise yield the 2nd and 3rd months. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are interest rates on saving accounts so low in USA and Europe? ### Answer: There is really much simpler explanation for the interest rate differences in different countries. It is the interest ra...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I remove the movement of the stock market as a whole from the movement in price of an individual share? ### Answer: I use StockCharts for spread charting. To take your question as an example, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the consequences of not respecting a notice period when leaving a job? ### Answer: It depends on your employer. They may not care to pursue matters if you don't give enough notice. They might...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any experience with maxing out 401(k)? ### Answer: On #1: One way to make it less painful is to "split" your raises between yourself and your 401k. That is, if you get a 2% raise, increase your contri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to make a decision for used vs new car if I want to keep the car long term? ### Answer: Hard to say in general. It depends on the actual numbers. First you need to check the suggested retail pric...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to handle two K-1 forms from same company? ### Answer: Just type in the forms as they are, separately. That would be the easiest way both to enter the data without any mistakes, and ensure that ev...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need multiple credit monitoring services? ### Answer: Monitoring all three is good practice. That way, you will be notified as soon as there is a hard pull on any of your reports. Most financial ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the breakdown of a loan repayment into principal and interest of any importance? ### Answer: The reason it's broken out is very specific: this is showing you how much interest accrued during th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I begin investing real money as a student? ### Answer: I think you have a really good idea, kudos to it. It will be difficult to break eve, and while you stressed the fact that you are read...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pensions, why bother? ### Answer: The stock market at large has about a 4.5% long-term real-real (inflation-fees-etc-adjusted) rate of return. Yes: even in light of the recent crashes. That means your...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I carry less renter's insurance if I can self-insure? ### Answer: I believe your statement is mostly correct: ...all the expert recommendations are based on an inflexible conventional wisdom t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What exactly is BATS Chi-X Europe? ### Answer: I work at BATS Chi-X Europe and wanted to provide some clarity/answers to these questions. BATS Chi-X Europe is a Recognised Investment Exchange, so it i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy or sell futures contracts ### Answer: In general there are two types of futures contract, a put and call. Both contract types have both common sides of a transaction, a buyer and a seller. You c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Transfer from credit to debit ### Answer: I've called both BofA and Amex Customer Support, and they couldn't help. That's because you cannot. Debit card is tied to your checking account, so you can do...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: how exactly do companies make money from warrants? ### Answer: Well, they don't "make" money in the sense of income, but they receive money in exchange for shares of stock (more of the company is owne...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why should one only contribute up to the employer's match in a 401(k)? ### Answer: If you exceed the income limit for deducting a traditional IRA (which is very low if you are covered by a 401(k) ), t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I get a Tax Exemption Certificate for export from the US if I am in another country? ### Answer: Depends on the state, in Texas you should charge sales tax because the shipment is going to a fr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do 10 year Treasury bond yields affect mortgage interest rates? ### Answer: Different bonds (and securitized mortgages are bonds) that have similar average lives tend to have similar yields (or at...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to manage currency risk in international investing ### Answer: Let's make a few assumptions: You have several ways of achieving (almost) that, in ascending complexity: Note that each alternative w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trading an FHA loan to bank for an REO ### Answer: What you are suggesting will not work. Banks have strict guidelines about what they can and cannot do with an FHA loan property. Remember the FHA is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Restricting a check from being deposited via cell phone ### Answer: I agree with you that smartphone deposits make you more vulnerable to a variety of issues. Checks are completely insecure, since any...
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: I have been renting rooms out of my house for over 7 years...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people buy stocks that pay no dividend? ### Answer: There are many stocks that don't have dividends. Their revenue, growth, and reinvestment help these companies to grow, and my share of such c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Health insurance deduction on schedule C if also full time employee with w2? ### Answer: Do you satisfy the necessary criteria listed there? Then why not?... It sounds like you do. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the main purpose of FED increase and decrease interest rate? ### Answer: When inflation is high or is rising generally interest rates will be raised to reduce people spending their money and s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Under what circumstance will the IRS charge you a late-payment penalty for taxes? ### Answer: The IRS provides a little more information on the subject on this FAQ: Will I be charged interest and pena...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Funneling money from a Traditional IRA to a Roth IRA using Options: Is my method possible and tax legal? ### Answer: I am not a lawyer but I do not see a legal problem here. However, if the puts in th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: New vending route business, not sure how to determine taxes ### Answer: You're not paying taxes three times but you are paying three different taxes (or more). Sales tax is a business expense, just li...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dad paying for my new home in cash. How can I buy the house from him? ### Answer: There are quite some options, but without additional information, I can only provide examples. Last year I had the opt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the general principle behind choosing saving vs. paying off debt? ### Answer: Think of yourself as a business with two accounts, "cash" and "net worth". Your goal is to make money. "Cash" is wh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do Affordable Care Act business requirements apply to “control groups?” ### Answer: Yes, it applies to control groups. If I remember correctly common ownership rules are used to determine "Applicable...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Beginner questions about stock market ### Answer: If I bought 1 percent share of company X, Most countries company X, is treated as a separate legal entity than individual. So max loss is what you hav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it true that the price of diamonds is based on a monopoly? ### Answer: diamonds are intrinsically worthless -- and therefore have quite little resale value It may be true that De Beers has a near m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Automatic transaction on credit card to stay active ### Answer: Put one of your monthly bills on it. (Utility bill, Netflix, monthly donation to charity, etc.) I have several automatic, recurring mon...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I talk about my stocks? ### Answer: I like your question and think it is a pretty good one. Generally speaking I would not suggest talking about your stock picks or wealth. Here is why: 1) M...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: is the bankruptcy of exchange markets possible? ### Answer: You seem to think that stock exchanges are much more than they actually are. But it's right there in the name: stock exchange. It's a place ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sale of jointly owned stock ### Answer: It depends on when she became the shareholder of record. When your wife received the stock, was ownership clearly transferred to her? If it was, then she shoul...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will I have to pay taxes for Australia if I have an Australian bank account? ### Answer: Because you actually reside in New Zealand, your income taxes will be paid in New Zealand. However, as a non-re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why invest for the long-term rather than buy and sell for quick, big gains? ### Answer: Playing the markets is simple...always look for the sucker in the room and outsmart him. Of course if you can't ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing in commodities, pros and cons? ### Answer: Another disadvantage is the inability to value commodities in an accounting sense. In contrast with stocks, bonds and real estate, commodities don'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: RSU taxation: when am I taxed, and how much? ### Answer: Restricted Stock Units are different from stock options because instead of buying them at a particular strike price, you receive the actual sha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is Insider Trading Illegal? ### Answer: To be flippant: it is illegal because it is against the law; there is no considered involved, it just is. To elaborate, part of the illusion of the stock ex...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does Google Finance calculate the Institution Owned metric for a stock ### Answer: Institutional ownership has nearly lost all meaning. It used to mean mutual funds, investment banks, etc. Now, it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would there be tax implications if I used AirBnB as opposed to just renting out a unit normally? ### Answer: There's no tax difference between using AirBnB or Craigslist or any other method to find te...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do only motor insurers employ “No Claims Discounts”? ### Answer: Discounting premiums based on some past history is not unique to auto policies. Other insurers will discount premiums based on pas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to explain quick price changes early in the morning ### Answer: There are lots of good answers on here already. There are actually lots of answers for this question. Lots. I have years of exper...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What increases your chance of being audited? ### Answer: Here's a few things: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will an ETF increase in price if an underlying stock increases in price ### Answer: The creation mechanism for ETF's ensures that the value of the underlying stocks do not diverge significantly from t...
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: They're probably talking about flipping houses. The conventional wisdom when flipping is to purchase the property with a mortgage or o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do investors go long option contracts when they cannot cover the exercise of the options? ### Answer: I think it depends on your broker. Some brokers will not try to auto exercise in the money options...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying USA Stocks from Sri Lanka ### Answer: I'm not aware of any method to own US stocks, but you can trade them as contract for difference, or CFDs as they are commonly known. Since you're hoping to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I learn to do my own tax? ### Answer: If you've been using TurboTax, let me suggest a compromise: Let TTax fill out the forms, but then print them out and go through it again by hand. If you do...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What determines deal price on stock exchange? [duplicate] ### Answer: Price is decided by what shares are offered at what prices and who blinks first. The buyer and seller are both trying to find the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I pay a zero % loan before another to clear both loans faster? ### Answer: Use the $11k to pay down either car loan (your choice). You should be able to clear one loan very quickly after that lump ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What do “cake and underwear” stocks refer to? ### Answer: There are some euphemisms that are better known than others. A category of stocks that's suitable for "widows and orphans" would be stocks tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the fuss about Credit Score / History? ### Answer: If human beings were Homo Economicus, i.e. textbook rational and self-interested economic-minded beings, as opposed to simply human, then yes,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is threatening to close the account a good way to negotiate with the bank? ### Answer: From the bank's perspective, they are offering a service and within their rights to charge appropriately for that...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to share income after marriage and kids? ### Answer: I haven't seen this addressed anywhere else, so I'll make a small answer to add on to the great ones already here. Money isn't the only way a p...
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 fact you are asking this question, the number of up votes, uncovers the real cause of the banking crisis...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is an analyst's “price target” assumed to be for 12 months out? ### Answer: The time horizon applicable to the price target is always specified by the broker or bank which published the research repor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: what is difference between stock and dividend? ### Answer: Stock basically implies your ownership in the company. If you own 1% ownership in a company, the value of your stake becomes equal to 1% of t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In-laws moving in (financial/tax implications)? ### Answer: You are "pool[ing] the sales from both houses as downpayment on the new house." But they are going to pay you rent. Your question as it sta...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are Certificates of Deposit worth it compared to investing in the stock market? ### Answer: This all depends on your timeline and net worth. If you're short on time before you plan to start spending ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I make over 120k a year, what are my options for retirement plans? ### Answer: There are three common options for you: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For very high-net worth individuals, does it make sense to not have insurance? ### Answer: There is an economic, a social and a psychological side to the decision whether to buy insurance or not, and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why charge gross receipts taxes to the customer? ### Answer: the state of New Mexico provides guidance in this exact situation. On page 4: Gross receipts DOES NOT include: Example: When the seller pas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can saving/investing 15% of your income starting age 25, likely make you a millionaire? ### Answer: As others have shown, if you assume that you can get 6% and you invest 15% of a reasonable US salary...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Passing money through a different account to avoid cash pay-in fees ### Answer: buy a cashiers check with the cash (a CRT will be nec if over 10 K) and deposit the cashiers check ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the 'real' monthly cost of a car? ### Answer: How can I find out what these 'additional' costs will be when looking to buy a car? If you know what model you're interested in buying you can try...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I build wealth? ### Answer: Share options. If you get options on £200,000-worth of a company and then its share price increases five-fold then you make £800,000, which is often taxed more favou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock options: what happens if I leave a company and then an acquisition is finalized? ### Answer: Having stock options means that you have worked for and rightfully earned a part of the company's cap...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Whats the difference between a qualified and an unqualified covered call? ### Answer: Yes, as long as you write a call against your stock with a strike price greater than or equal to the previous day'...
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: Even if you could get it with no major hassle, $100,000 is just not that much money. In a cheap third world country, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Accidentally opened a year term CD account, then realized I need the money sooner. What to do? ### Answer: I did find this information from the US Department of the Treasury: What are the penalties fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 401(k) not fully vested at time of acquisition ### Answer: Unfortunately, the money that is not vested is not yours. It belongs to your employer. They have promised to give it to you after you have ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Company revenue increased however stock price did not ### Answer: The company released its 2nd Quarter Revenue of $1,957,921 a couple days ago however the stock did not move up in any way. Why? If the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Get interest on $100K by spending only $2K using FOREX rollovers? ### Answer: No free lunch You cannot receive risk-free interest on more money than you actually put down. The construct you are propos...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to explain quick price changes early in the morning ### Answer: http://www.marketwatch.com/optionscenter/calendar would note some options expiration this week that may be a clue as this would be t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to your ability to borrow money based on our joint finances? ### Answer: Several factors are considered in loans as significant as a home mortgage. I believe the most major factors are 1...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I carelessly invested in a stock on a spike near the peak price. How can I salvage my investment? ### Answer: You can do several things: After the fact: If you believe the stock will go up, you can bu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Car dealer saying that they cannot see any credit information for my co-applicant. Could this be a scam? ### Answer: You say Also I have been the only one with an income in our household for last 15 ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stock exchanges close at night? ### Answer: I believe there are electronic exchanges that run continuously, but the older ones don't want to change their practices since some people may have s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax me more: Can I pay extra to the government so I don't have to deal with all this paperwork? ### Answer: Actually, if you don't care about paying a bit more, either hire an accountant and dump the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tracking the Madrid Interbank Offered Rate (MIBOR) and the Euro Interbank Offered Rate (EURIBOR) ### Answer: For Euribor Nothing seems to exist for MIBOR, except maybe the Spanish stock exchange. ###e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: what does “private equity structures” mean? ### Answer: Private equity firms have a unique structure: The general partners (GP's) of the firm create funds and manage the investments of those funds. L...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a business refuse to take credit cards? ### Answer: Businesses are free to decide what payment methods they accept for their goods and services. Businesses sometimes advertise what credit cards th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there such a thing as a deposit-only bank account? ### Answer: Do you write checks? You are giving your bank account and routing number to anybody you have ever given a check to. Your employer is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying Off Principal of Home vs. Investing In Mutual Fund ### Answer: Excellent answers so far, so I will just add one additional consideration: liquidity. Money invested in a mutual fund (exclusive o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When a stock price goes down, does the money just disappears into thin air? ### Answer: Cash changes hands when you buy or sell the stock. While you own the stock, you own it, not cash, so there is no...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stores that offer military discounts compensated by the government? ### Answer: Nope, only base commissaries or BX/PX's are subsidized. The rest is just done for goodwill/marketing purposes. ###en...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the reasons to get more than one credit card? ### Answer: Another reason is that the amount of unused credit you have is a positive factor on your credit score. It's generally easier to open...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Given advice “buy term insurance and invest the rest”, how should one “invest the rest”? ### Answer: Buy term and invest the rest is in fact the easiest plan. Just buy the term insurance based on you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: “International credit report” for French nationals? ### Answer: I'm not aware that any US bank has any way to access your credit rating in France (especially as you basically don't have one!). In the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I file taxes or Incorperate a personal project? ### Answer: Normally, incorporation is for liability reasons. Just file your taxes as a business. This just means adding a T2125 to your person...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you explain “time value of money” and “compound interest” and provide examples of each? ### Answer: I will just explain the time value of money in general, descriptive terms and save the math for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Repairs to a house in order to rent it that were paid by the beneficiary, but is still owned by a Trust ### Answer: The Trustee has allowed me to act as his "agent", continuing to pay bills, and tak...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do ETF fees get applied? ### Answer: The ETF price quoted on the stock exchange is in principle not referenced to NAV. The fund administrator will calculate and publish the NAV net of all fees, bu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I transfer and consolidate my 401k's and other options? ### Answer: The simplest way to consolidate the funds your old 401(k) plans is by doing what's called a Direct Rollover (whereby the fun...