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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: First, this was never an arrangement for you to build equity, this was an arrangement for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why have U.S. bank interest rates been so low for the past few years? ### Answer: These rates are so low because the cost of money is so low. Specifically, two rates are near zero. The Federal Reserv...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a difference between buying few shares of an expensive stock vs many shares of an inexpensive one? ### Answer: Before the prevalence of electronic trading, trading stocks was very costly, dro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: ETF vs Mutual Fund: How to decide which to use for investing in a popular index? ### Answer: The factors to consider: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a formula to use to analyse whether an investment property is a good investment? ### Answer: There is no generic formula as such, but you can work it out using all known incomes and expenses ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Am I understanding buying options on stock correctly ### Answer: Options have legitimate uses as a way of hedging a bet, but in the hands of anyone but an expert they're gambling, not investing. They ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to Buy “Exotic” Bonds as a Low Net Worth Individual? ### Answer: There are discount brokers which charge lower fees, which ones are accessible to you will depend on your country. Here's a list for...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to consider before buying (exercising) a family member's private company employee stock options, about to expire? ### Answer: First, you mentioned your brother-in-law has "$100,000 in stock optio...
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: No you can't buy direct from Toyota. Largely because of many states' laws (assuming you're in th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it smarter to buy a small amount of an ETF every 2 or 3 months, instead of monthly? ### Answer: By not timing the market and being a passive investor, the best time to invest is the moment you have...
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: Credit card interest rates are obscene. Try to find some other kind of loan for the furnishings; if you put things on the card, try to pay...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I have a higher credit limit on my credit card? ### Answer: I'm the contrarian on this forum. Since you asked a "should I ..." question, I'm free to answer "No, you shouldn't increase your limi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Payroll taxes on exercised stock options ### Answer: The trickiest thing is the federal tax. It's typical to withhold 25% federal on this type of event. If your federal marginal rate was already towar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a change in market cap affect a company's operational decisions? ### Answer: It basically only affects the company's dealings with its own stock, not with operational concerns. If the compan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the purpose of having separate checking and savings accounts? ### Answer: If your debit card/ATM card is stolen or lost, someone else might be able to withdraw money from the checking account t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any viable alternatives to Paypal for a small site? ### Answer: I found out about Google checkout today, it looks like it may meet my needs, but I'd still be interested to find out about oth...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any drawback in putting all my 401K into a money market fund? ### Answer: The drawback is not knowing when prices have reached a level where you are comfortable getting back in. Someone who...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between a stock and a bond? ### Answer: WilliamKF explained it pretty well, but I want to put it in a more simplistic form: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate my estimated taxes. 1099 MISC + Self Employment ### Answer: This is wrong. It should be or Now, to get back to self-employment tax. Self-employment tax is weird. It's a business ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is S/P in “Tax Deduction S/P”? ### Answer: From reading the manual, SP means summary punching. Summary punching is the automatic preparation of one total card to replace a group of detail card...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people always talk about stocks that pay high dividends? ### Answer: There are strategies based on yields. Dogs of the Dow being a specific example while Miller Howard has a few studies around ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is Fibonacci values? ### Answer: Usually when a stock is up-trending or down-trending the price does not go up or down in a straight line. In an uptrend the price may go up over a couple of days ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the proper way to report additional income for taxes (specifically, Android development)? ### Answer: If this is truly hobby income (you do not intend to operate as a business and don't have a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Higher returns from international markets? ### Answer: Foreign stocks tend to be more volatile -- higher risk trades off against higher return potential, always. The better reason for having some mone...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Question about stock taxes buy/sell short term ### Answer: If you have made $33k from winning trades and lost $30k from loosing trades your net gain for the year would be $3k, so obviously you would p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If something is coming into my account will it be debit or credit in my account? ### Answer: The bank will make this even more confusing because they use the terms from their own perspective. From the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do rental car agencies sell their cars at a time when it is risky for the purchaser? ### Answer: Many Web sites and articles warn against buying former rental cars, because people renting these cars o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can vet / veterinary bills be considered deductions (tax-deductible) for Income Tax purposes [Canada]? ### Answer: In the US service animals are treated like durable medical equipment from a tax POV, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the marks of poor investment advice? ### Answer: I would also consider unnecessarily complex investment strategies a big warning sign as they can easily hide poor investment advice or a bad s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I get a dumbed down explanation of risk measures used for evaluating stocks? ### Answer: Standard deviation from Wikipedia : In statistics and probability theory, the standard deviation (represe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Minimizing loss during two-way currency transfers involving foreign entities ### Answer: The solution was to get a foreign bank in each country we do business in. Get a credit card processor there, an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do car rental companies prefer/require credit over debit cards? ### Answer: I have looked at the conditions of a car rental company, and I believe it provides the answers: Upon pick up of your veh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Historical P/E ratios of small-cap vs. large-cap stocks? ### Answer: There is most likely an error in the WSJ's data. Yahoo! Finance reports the P/E on the Russell 2000 to be 15 as of 8/31/11 and S&P...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Effective returns on investment in housing vs other financial instruments ### Answer: The assumption that house value appreciates 5% per year is unrealistic. Over the very long term, real house prices...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are long-term bonds risky assets? ### Answer: In truth there is no such thing as a risk-free asset. That is why your textbook feels the need to add the qualifier "for practical purposes," meaning tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would Two ETFs tracking Identical Indexes Produce different Returns? ### Answer: In your other question about these funds you quoted two very different yields for them. That pretty clearly says th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What options are available for a home loan with poor credit but a good rental history? ### Answer: Here are some (not all) things that can help overcome a low credit score: Getting a new job may actua...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is investing into real estate a good move for a risk-averse person at the moment ### Answer: I'll add this to what the other answers said: if you are a renter now, and the real estate you want to buy ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Standard Deviation with Asset Prices? ### Answer: Some years ago, two "academics," Ibbotson and Sinquefield did these calculations. (Roger) Ibbotson, is still around. So Google Roger Ibbotson, or Ibbo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Estimated Taxes after surge in income ### Answer: Well a definitive answer would require a lot of information. Instead of posting that kind of info online, you should take a look at the instructions ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: classify investments in to different asset types ### Answer: A foreign stock mutual fund definitely belongs in stocks. It's composed of stocks. Your self occupied house is definitely real estate. You...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: PayPal wants me to “add a bank account”, another funding source. Credit card isn't working. Why? ### Answer: Have you checked to make sure that your card isn't at the limit, or at risk of expiring soo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal if I'm managing my family's entire wealth? ### Answer: This is the biggest blunder I see in money handling. "Oh I'm a good person and everyone knows my intentions are good. And they're r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can you possibly lose on investments in stocks? ### Answer: Once you buy stocks on X day of the month, the chances of stocks never actually going above and beyond your point of value on the chart ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Option Theta: What conditions are needed for Theta > P/N, where P = option price, and N = days to expiration? ### Answer: So, if an out-of-the-money option (all time value) has a price P (say $3.00), ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the return on investment better with high or low dividends? ### Answer: Let's say two companies make 5% profit every year. Company A pays 5% dividend every year, but company B pays no dividend but ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate cash loss over time? ### Answer: There are two things you need to keep in mind when you look at Inflation as an entity. Inflation is necessary to keep in check the value of goods. As ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who owned my shares before me? ### Answer: A lot will depend on wether you have in your possession the physical share documents or just numbers in your brokerage portfolio. Electronic shares are not t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Cheapest way to “wire” money in an Australian bank account to a person in England, while I'm in Laos? ### Answer: I've been doing a bunch of Googling and reading since I first posed this question on t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Exercise a put option when shorting is not possible ### Answer: You are the one lending yourself the shares to sell;you purchase the stock at market price and sell at the strike price of the option to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the stock market, why is the “open” price value never the same as previous day's “close”? ### Answer: A stock's price does not move in a completely continuous fashion. It moves in discrete steps d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the pros and cons of investing in bonds? ### Answer: Gold is respected around the world for its value and rich history, which has been recognized by cultures for thousands of years. Coins con...
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: It seems that you're interested in an asset which you can hold that would go up when the gold price went down. It seems like a good place to sta...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Renting or Buying an House ### Answer: I actually didn't do the math with your numbers, but I recall Sal from Khan Academy did a nice video about your question, challenging the notion that it is alway...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I even need credit cards? ### Answer: I can't answer the question if you should or shouldn't get a credit card; after all, you seem to manage fine without one (which is good). I started using credi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I invest in the S&P 500? ### Answer: The S&P 500 is a stock market index, which is a list of 500 stocks from the largest companies in America. You could open a brokerage account with a broker a...
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: If you ask ten different couples what they do, depending on a variety of factors, you'll get anywhere between two...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Purpose of having good credit when you are well-off? ### Answer: Because even if you won the lottery, without at least some credit history you will have trouble renting cars and hotel rooms. I learned...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Payroll reimbursments ### Answer: After reading OP Mark's question and the various answers carefully and also looking over some old pay stubs of mine, I am beginning to wonder if he is mis-reading his...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Am I doing the math for this covered call/long put strategy correctly? What risks do I run with this strategy? ### Answer: You own the stock at $29.42 At $40, the stocks is called at $26. You can't ad...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do performers pay taxes on comped meals and hotels? ### Answer: My number one piece of advice is to see a tax professional who can guide you through the process, especially if you're new to the proces...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: what is the best way of investment which gives returns forever? ### Answer: What is the best way that I can invest money so that I can always get returns? Would it be to set up an FD in a bank, to b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can one get a house mortgage without buying a house? ### Answer: First, many banks do not keep the loan. Even if they send you a payment notice and process the monthly payment, there's still a good ch...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to acquire skills required for long-term investing? ### Answer: As foundational material, read "The Intelligent Investor" by Benjamin Graham. It will help prepare you to digest and critically eva...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would someone buy a way out-of-the-money call option that's expiring soon? ### Answer: Perhaps it was to close a short position. Suppose the seller had written the calls at some time in the past ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For a mortgage down-payment, what percentage is sensible? ### Answer: In Australia, you will typically be required to pay for mortgage insurance if you borrow more than 80% of the value of the propert...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should my brother and I structure our real estate purchase? ### Answer: While I agree with the existing bulk of comments and answers that you can't tell the lender the $7k is a gift, I do think yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What gives non-dividend stocks value to purchasers? [duplicate] ### Answer: As an owner of a share of a business you also "own" profits made by the business. But you delegate company management to rei...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What option-related strategies are better suited to increasing return potential? ### Answer: I've traded covered calls now and then. This is a recent trade. Bought 1000 shares of RSH (Radio Shack) and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paid off oldest CC keep it open or close it? ### Answer: First off, congratulations on taking care of your finances and paying off your cards! Takes a lot of discipline. If your next oldest card is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What would be the signs of a bubble in silver? ### Answer: The problem with commodities is that they don't produce income. With a stock or bond, even if you never sold it to anyone or it wasn't public...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What mix of credit lines and loans is optimal for my credit score? ### Answer: Over time, you'll have more loans, maybe a few store cards, mortgage, car loan, etc. I'm a fan of maximizing one's wealt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Following an investment guru a good idea? ### Answer: The best answer here is "maybe, but probably not". A few quick reasons: Its not a bad idea to watch other investors especially those who can move ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to change a large quantity of U.S. dollars into Euros? ### Answer: Be careful of transferring through the large banks. They may say no/low fees, but they hide their cut in the spread, or worsen th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Taxable Website Ad Revenue ### Answer: If the $5000 is income, then you need to pay income taxes on it. That's simply the way it works. Hourly rate has nothing to do with whether or not you pay taxe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a limit on the dollar amount of a personal check? ### Answer: Many businesses will request that you get a bank-issued check for large amounts of money. The exception is often in cases where y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are mutual funds safe from defaults? ### Answer: There is a measure of protection for investors. It is not the level of protection provided by FDIC or NCUA but it does exist: Securities Investor Prote...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Car finance, APR rates and per week in adverts; help understanding them ### Answer: Taking the last case first, this works out exactly. (Note the Bank of England interest rate has nothing to do with t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Previous owner of my home wants to buy it back but the property's value is less than my loan… what to do? ### Answer: I would not trust Zillow for an appraisal. The numbers I see on there vary a lot f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Average Price of a Stock ### Answer: That metric is not very useful for anything other than very extremely long trading periods. Most strategies or concerned with price movement over much shorter time...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it beneficial to my credit score if I close my youngest credit lines while preserving my current credit utilization rate? ### Answer: I wrote How Old is Your Credit Card? some time ago. The answer ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Selling To Close ### Answer: Absolutely. There is no requirement that an option be in-the-money for you to close out a position. Remember that there are alwayes two sides to a trade - a buyer and a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I can make a budget, but how can I get myself to consistently follow my budget? ### Answer: Try a tool like mint.com that will send you text messages regarding how you budget is going. If you use min...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Possible to purchase multiple securities on 1 transaction? ### Answer: No you can't, as you would have to have a different order for each security. Usually the bigger the order the more the brokerage ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best way for me to invest my money into my own startup? ### Answer: Ask your accountant about convertable preference shares. This would permit you to loan money to your company and then c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can people have such high credit card debts? ### Answer: I had $70K in credit card at one point. Limited income, starting a business - it's the only credit available. (yes, all paid off now). ###...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to report a capital gain/loss for stock given as a bonus and already taxed? ### Answer: If you received shares as part of a bonus you needed to pay income tax on the dollar valuse of those s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I use a credit repair agency? ### Answer: Here's what my wife and I did. First, we stopped using credit cards and got rid of all other expenses that we absolutely didn't need. A few examples: ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dry cleaners lost $160 pants, what should I do? ### Answer: Dude, it's your lucky day! You just won the lottery!! Do like this guy and sue them for $67 million :-) Pearson v. Chung, better known as t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why should we expect stocks to go up in the long term? ### Answer: Stock returns cannot be evaluated on its own. You need to take into account inflation and the return of other investment vehicles. Ov...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate the closing price percentage change for a stock? ### Answer: The previous day's close on Thursday 10th October was 5,000.00 The close on Friday 11th October is 5,025.92 So the gain on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are warehouse clubs like Costco and Sam's Club worth it? ### Answer: Whether or not they are worth it depends entirely on your situation. For my family, they are worth it, but I know a number of peopl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will ADR owner enjoy same benefit as common shares holders ### Answer: The essential difference b/n ADR and a common share is that ADR do not have Voting rights. Common share has. There are some ADR ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What prevents investors from buying high yield stocks and selling them as soon as their dividend is paid out? ### Answer: The rest of the market knows when the dividends are paid out, and that will be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Estate taxes and the top 1 percent by net worth ### Answer: Data is a funny thing. There are many different ways of constructing data sets. Keep in mind, the cite you linked is fine, I follow this kin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the smartest thing to do in case of a stock market crash ### Answer: I suggest to just invest in index funds, these are low risk with high reward stocks that can survive even the worst of stoc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When can we exercice an option? ### Answer: Owners of American-style options may exercise at any time before the option expires, while owners of European-style options may exercise only at expirat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Organizing Expenses/Income/Personal Finance Documents (Paperless Office) ### Answer: If it was me, I would organize something along these lines. in large part because down the road when it comes time...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I deduct “Non-Reimbursable Expenses”? ### Answer: You can only deduct (with the 2% AGI threshold) expenses that: You've actually incurred. I.e.: you actually paid for equipment or services provide...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is giving my girlfriend money for her mortgage closing costs and down payment considered fraud? ### Answer: The issue here is that the transaction (your funds to her account) looks very similar to the...