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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good practice to keep salary account and savings account separate? ### Answer: In the United States, savings accounts generally have higher interest rates than checking or money market account...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between “good debt” vs. “bad debt”? ### Answer: First of all debt is a technology that allows borrower to bring forward their spending; it's a financial time machine. From borro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Potential phishing scam? ### Answer: Call your bank and inquire if they send out the kinds of notices like the one you received. Don't call the number in the message, because if it is a scam, you're ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When to use geometric vs. arithmetic mean? Why is the former better for percentages? ### Answer: JoeTaxpayer nailed it. Here's another way to look at it: Generally, we invest in something, then might...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is my mortgage more likely to be sold if I pre-pay principal? ### Answer: It's not unusual/undesirable. If everyone prepaid their mortgage, banks would not like this, but we're in no danger of that :)...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I help others plan their finances, without being a “conventional” financial planner? ### Answer: In the UK there is a non-profit called the Citizen's Advice Bureau which provides free advice t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much can I withdraw from Betterment and be considered long-term investment? ### Answer: No matter what, you owe taxes on the gains, known as capital gains. How much, depends on how long you invest...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do some people say a house “not an investment”? ### Answer: When I purchased my house I struggled with this same idea. I felt sick to my stomach signing a contract stating how much money I now ow...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I check my credit score? ### Answer: Different states have different laws, check your local laws concerning credit. Some states even guarantee you to get one free credit report per year. If yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are lottery tickets ever a wise investment provided the jackpot is large enough? ### Answer: Lottery tickets where I live are often for charity. The charity does good things with your money. So you ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I just let an options conversion/reversal trade go to expiration? ### Answer: This depends on a combination of factors: What are you charged (call it margin interest) to hold the position? How does...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stock brokers charge fees ### Answer: They are providing you a service and they charge you for it. The service includes giving you a trading platform(website and the infrastructure), doing all ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Online Personal finance with QIF import ### Answer: Unfortunately I don't think any of the online personal finance applications will do what you're asking. Most (if not all) online person finance soft...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What options do I have at 26 years old, with 1.2 million USD? ### Answer: Wow, everyone tells you different investment strategies. You have all your life ahead of you. Your main focus should not be ge...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some good ways to control costs for groceries? ### Answer: Keep a notebook. (or spreadsheet, etc. whatever works) Start to track what things cost as few can really commit this all to memory. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it true that more than 99% of active traders cannot beat the index? ### Answer: That is such a vague statement, I highly recommend disregarding it entirely, as it is impossible to know what they me...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For the first time in my life, I'm going to be making real money…what should I do with it? ### Answer: Fund your retirement accounts first. Even as an intern, it is still worthwhile to open a Roth IR...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I invest in the pre-IPO company stock offered by my employer? ### Answer: Depending on your perspective of it, I can see reasons for and against this idea. Only with the benefit of hindsight ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: VAT & Tax implications of selling software ### Answer: Not sure where the confusion is coming from - software/digital/intangible goods are just like any other product, with regard to VAT. Turns out it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I have a lot of debt and the housing market is rising, should I rent and slowly pay off my debt or buy and roll the debt into a mortgage? ### Answer: Buy and Hope is a common investment strategy. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the effect of options expiration on equity pricing? ### Answer: If the strike price closest to the underlying has high open interest, the options expiration is a bigger event. For instance: ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using Fibonacci Extensions to set profit targets? ### Answer: I have never seen a backtest showing that prices tended to be attracted by / to revert around Fibonacci levels. The fact that many people ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's a good personal finance management web app that I can use in Canada? ### Answer: Yodlee will also work. I asked a similar question (and provided answers) here. Thrive, so far, is the best in my...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Considerations for holding short-term reserves? ### Answer: Factors to consider: For the taxable investments: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can my relatives do to minimize their out of pocket expenses on their fathers estate ### Answer: Also the will stipulated that the house cannot be sold as long as one of my wife's aunts (not the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does “interest rates”, without any further context, generically refer to? ### Answer: Generically, interest rates being charged are driven in large part by the central bank's rate and competition...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How long can I convert 401(k) to Roth 401(k)? ### Answer: the deadline for roth conversions is december 31st. more precisely, roth conversions are considered to have happened in the tax year the dist...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: T-mobile stock: difference between TMUSP vs TMUS ### Answer: The difference between TMUSP and TMUS is that the "with P" ticker is for a TMobile Preferred Stock offering. The "without P" ticker is for...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Little hazy on how the entire RSU's and etrade works ### Answer: (I'm assuming the tag of United-states is accurate) Yes, the remaining amount is tax free -- at the current price. If you sell at exac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment / Savings advice in uncertain economy ### Answer: An alternative to a savings account is a money market account. Not a bank "Money Market" account which pays effectively the same silly rat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I find stocks with very active options chains? ### Answer: Just as a matter of research, apparently there is a way to find high option volumes such as a site here: https://www.barchart.com/opt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If the U.S. defaults on its debt, what will happen to my bank money? ### Answer: In principle, a default will have no effect on your bank account. But if the US's credit rating is downgraded, the knoc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which practice to keep finances after getting married: joint, or separate? ### Answer: I feel there are two types of answer: One: the financial. Suck all the emotion out of the situation, and treat th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Home (re)Finance and Providing Additional Information ### Answer: I have never had a lender ask my budget, only my income, savings, credit rating and value of the collateral. That's considered adequat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why can it be a bad idea to buy stocks after hours? ### Answer: There are several reasons it is not recommended to trade stocks pre- or post-market, meaning outside of RTH (regular trading hours). Sin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are variable rate loans ever a good idea? ### Answer: Fixed You are confirming the amount you are going t pay over the term of the loan. Variable: 3.79% over 82mo. The total difference over the life ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do banks finance shared construction as mortgages instead of financing it directly and selling the apartments in a building? ### Answer: You seem to underestimate the risk of this deal for the inv...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any chance for a layperson to gain from stock exchange? [duplicate] ### Answer: Currencies are a zero-sum game. If you make money, someone else will lose it. Because bank notes sitting in a p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Money Structuring ### Answer: Structuring, as noted in another answer, involves breaking up cash transactions to avoid the required reporting limits. There are a couple of important things to note. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with my $25k to invest as a 20 years old? ### Answer: My original plan was to wait for the next economic downturn and invest in index funds. These funds have historically yielded 6-...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How common are stock/scrip dividends (as opposed to cash dividends) in US equity markets? ### Answer: Check out the NASDAQ and NYSE websites(the exchange in which the stock is listed) for detailed inf...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a more expensive house as a tax shelter (larger interest deduction)? ### Answer: No. This logic is dangerous. The apples to apples comparison between renting and buying should be between simil...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Relative Strength Index: Yahoo vs Google Finance ### Answer: Google's RSI is using a 10 period on 2 minute bars - i.e. it is based upon the last 20 minutes of data. Yahoo's RSI is using a 14 period lo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I buy a new house before selling my current house? ### Answer: If you're living in a market where some houses are going for $150K over asking, then you MUST buy before you sell. In a seller's mar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I replace Microsoft Money with, now that MS has abandoned it? ### Answer: Check the Financial section in this list of Open Source Software ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Invest in (say, index funds) vs spending all money on home? ### Answer: The short answer is that it depends on the taxation laws in your country. The long answer is that there are usually tax avoidanc...
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: I keep one card just for monthly bills (power company,car loan, etc.). This one is unlikely to get hacked so I won't have to go chan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Home Renovations are expensive.. Should I only pay cash for them? ### Answer: It depends on your situation. If your floor is broken, fix it. If you don't have $1,000 on hand, spend appropriately. It s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: GNUCash: How to count up equity? ### Answer: I would take each of these items and any others and consider how you would count it as an expense in the other direction. If you have an account for parkin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Suitable Vanguard funds for a short-term goal (1-2 years) ### Answer: A bond fund like VBMFX or similar I think are a good choice. Bonds are far less volatile and less risky than stocks. With your 1-2...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does Dividend 165% mean in stock market? ### Answer: Do not confuse the DIV (%) value and the dividend yield. As you can see from this page, the DIV (%) is, as you say, 165%. However, the divide...
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: Talk to your parents, and find out if you are reducing the debt or not. Find buyers, sell...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: what is the point of the part b late enrollment penalty? ### Answer: The point of the enrollment penalty is basically the same as the ACA penalty. Any sort of health insurance - or really, any insura...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Hourly rate negotiation tips for paid internship ### Answer: I am not sure if I would get any benefit besides the hourly payment as an intern. What are the benefits I can expect while working for th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can paying down a mortgage be considered an “investment”? ### Answer: If your mortgage interest is tax-deductible, it's generally a bad idea to pay down the principal on the mortgage because you'd be ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Book or web site resources for an absolute beginner to learn about stocks and investing? ### Answer: The Winning Investor http://winninginvestor.quickanddirtytips.com/ This is a blog and a podcast. Lo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Purchase same stock twice ### Answer: Investors purchase additional shares all the time. Every investor that adds money to their investments does this every paycheck or every month. Investors do this ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What one bit of financial advice do you wish you could've given yourself five years ago? ### Answer: Get an advanced degree. This should increase your earning power. Also learn how to use a computer...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there index tracking funds that avoid the “buy high - sell low” problem? ### Answer: In a cap-weighted fund, the fund itself isn't buying or selling at all (except to support redemptions or purcha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do credit cards require a minimum annual household income? ### Answer: I don't know, but I can guess. You'll notice the Elite card has higher rewards. A card might want to convince merchants that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If one owns 75% of company shares, does that mean that he would have to take upon himself 75% of the company's expenses? ### Answer: Typically, no. Unless you have a detailed agreement spelling out th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Good books for learning about tax strategy/planning ### Answer: Keep in mind that chasing after tax savings tends to not be a good way of saving money. What is a good strategy? Making sure that you t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Non-EU student, living in Germany, working for a Swiss company - taxes? ### Answer: I'll assume that you would work as a regular (part-time) employee. In this case, you are technically a Grenzgänger. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why could rental costs for apartments/houses rise while buying prices can go up and down? ### Answer: They are two different animals. When you rent you are purchasing a service. The landlord, as your...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If you own 1% of a company's stock, are you entitled to 1% of its assets? ### Answer: No. If the share price drops to $0, it's likely that the company is in bankruptcy. Usually, debt holders (especia...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Saving/ Investing a lump sum ### Answer: In my mind, when looking at a five year period you have a number of options. You didn't specify where you are based, which admittedly makes it harder, to give ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 501(3)(c) to donators for trophy party ### Answer: The good news is that your parent organization is tax exempt and your local organization might be. The national organization even has guidelines and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Deceived by car salesman ### Answer: The only thing that is important here is the documentation you and your daughter signed. If that documentation states that you were a co-signer and that your daugh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying from an aggressive salesperson ### Answer: I have a very simple rule. For anything other than trivial purchases (a small fraction of my monthly income), the only final decision I will make in t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is gold subject to inflation? [duplicate] ### Answer: Gold isn't constant in value. If you look at the high price of $800 in January of 1980 and the low of $291 in 2001, you lost a lot of purchasing p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to mitigate the risk of Euro Stoxx 50 ETF? ### Answer: While you would reduce risk by diversifying into other stock ETFs across the world, Developed Market returns (and Emerging Markets to a lesse...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I cash out my Roth IRA to pay my mother's property tax debt, to avoid foreclosure on her home? ### Answer: If it turns out that you do want to help pay the tax bill (after answering all the que...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When should I open a “Line of credit” at my bank? ### Answer: There are two basic types of lines of credit typically offered at a retail bank: Overdraft line of credit is essentially a revolving perso...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any public data available to determine an ETF's holdings? ### Answer: You can check the website for the company that manages the fund. For example, take the iShares Nasdaq Biotechnology ETF (...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm about to be offered equity by my employer. What should I expect? ### Answer: In my experience, any kind of equity you may be offered by the company is just a carrot. Your offer may be written in s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Hiring freelancers and taxes ### Answer: You need to clarify with Bob what your agreement is. If you and Bob are working together on these jobs as partners, you should get a written partnership agreem...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: ESPP cost basis and taxes ### Answer: If the $882 is reported on W2 as your income then it is added to your taxable income on W2 and is taxed as salary. Your basis then becomes $5882. If it is not rep...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do companies have a fiscal year different from the calendar year? ### Answer: I can think of a few good reasons: A company, especially public, usually wants their fourth-quarter earnings to be the...
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: You acquire something because you expect to use it, or because you expect to exchange it for something that you want to use. Gold is a good candidate ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is “financial literacy” and how does one become “financially literate”? ### Answer: Wikipedia has a nice definition of financial literacy (emphasis below is mine): [...] refers to an individual...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who can truly afford luxury cars? ### Answer: Not a direct answer, but... a friend pointed out to me that z proper luxury limo, if loaded with four sales reps going to the same meeting, is cheaper tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can one tell if a company's quarterly financial report represents a profit or loss? ### Answer: You have defined net profit to include all income and, presumably, expenses. Specifically, you are i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Looking for a stock market simulation that's as close to the real thing as possible ### Answer: I have a free account on http://optionshouse.com/ that allows me to invest fake money into different sto...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there data and proof that a diversified portfolio can generate higher returns than the S&P 500 Index? ### Answer: Is it POSSIBLE? Of course. I don't even need to do any research to prove that. Just...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Choosing the “right” NAPFA advisor, and whether fees are fair, etc.? ### Answer: Some sample prices for straightforward pay-for-hours-or-deliverables planners: I think I've seen some similar rates els...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What risks are there acting as a broker between PayPal and electronic bank transfers? ### Answer: This sounds like a scam. Did they email you out of the blue to offer you this 'job', by any chance, an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Taxation from variations in currency ### Answer: According to the answers to this question, you generally aren't taxed on gains until you sell the asset in question. None of those answered specificall...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a home - brokerage fee ### Answer: I feel like you didn't actually read your agent's agreement, which should say where the money actually comes from. You sign it so that your agent can get paid...
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: On 2012/05/18 at 15:34:00 UTC (11:34:00 EDT) FB was in chaos mode. The most recent public US trade at that moment was at $40.94, but in the ne...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Sanity check on choosing the term for a mortgage refinance ### Answer: So I will attempt to answer the other half of the question since people have given good feedback on the mortgage costs of your va...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How Is the Price of a Stock Determined? [duplicate] ### Answer: The market price of a stock is based on nothing at all more than what two parties were last willing to transact for it. The stock has a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax on insurance payment due to car deemed as total loss? ### Answer: Generally you do not pay taxes on insurance payouts that occur because of some kind of loss, provided you paid the premiums yourse...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If stock price drops by the amount of dividend paid, what is the use of a dividend ### Answer: Best as i can tell, the simple answer is: the smartest approach to investing for dividends is to pick a c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does it make sense to buy a house in my situation? ### Answer: Just echoing the other answers here. You're not ready yet. 3% down, or no money down loans are what got so many of us into trouble these ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Explanation on Warren Buffett's famous quote ### Answer: In the short term the market is a popularity contest In the short run which in value investing time can extend even to many years, an equity is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to report a personal expense for an LLC partnership paid in one year and reimbursed in another? ### Answer: You report it when the expense was incurred/accrued. Which is, in your case, 2014. There...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why must identification be provided when purchasing a money order? ### Answer: The Bank Secrecy Act of 1970 requires that banks assist the U.S. Gov't in identifying and preventing money laundering. Th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trustable, official sources on holdings, purchases and sales by finance academics/professionals? ### Answer: You won't be able to know the trading activity in a timely, actionable method in most cases...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First concrete steps for retirement planning when one partner is resistant ### Answer: You can take a queue from any sales opportunity and position it in ways that will still appeal to someone who int...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What risks are there acting as a broker between PayPal and electronic bank transfers? ### Answer: There are several red flags here. can they get my bank account info in any way from me transferring mo...