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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: An online casino owes me money and wants to pay with a wire transfer. Is this safe? ### Answer: I don't know which online casino we are talking about, but I would venture to say that online casinos, i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shorting stocks: Indicators that a stock will drop? ### Answer: First, it's much safer to be shorting stocks over $5 than stocks under $5. I use 3 indicators to show that a stock has topped out and a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to convince someone they're too risk averse or conservative with investments? ### Answer: Remind him that, over the long-term, investing in safe-only assets may actually be more risky than investi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When to trade in a relatively new car for maximum value ### Answer: So this has been bugging me for a while, because I am facing a similar dilemma and I don't think anyone gave a clear answer. I bough...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stocks: do Good Till Cancelled orders get executed during after hours? ### Answer: You'd have to check the rules for your broker to make sure that the term is being used in its usual sense, but the ty...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Life insurance policy ### Answer: First off, I would question why do you need a LI policy? While you may be single are you supporting anyone? If not, and you have some money saved to cover a funeral...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Physical Checks - Mailing ### Answer: Lets say you owed me $123.00 an wanted to mail me a check. I would then take the check from my mailbox an either take it to my bank, or scan it and deposit it via...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Totally new to finance, economy, where should I start? ### Answer: I'd start with learning how to read a company's financial statement and their annual report. I would recommend reading the following:...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculating theoretical Present Value ### Answer: The example from the following website: Investopedia - Calculating The Present And Future Value Of Annuities specifically the section 'Calculating th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In a house with shared ownership, if one person moves out and the other assumes mortgage, how do we determine who owns what share in the end? ### Answer: Both names are on the deed, so the property is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I set up a recurring payment to an individual (avoiding fees)? ### Answer: A handful of well-known banks in the United States are part of the clearXchange network, which allows customers of th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Australian stocks - any dividend tax or capital gains tax? ### Answer: For non Australian residents: Dividends withholding tax rate is 30%. Depending upon your country of residence where there is a t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What funds were closed during or after the recent recessions? ### Answer: Yes, many hedge funds (for example) did not survive 2008-2009. But hedge funds were failing both before and after that period...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Interest on Amount Exceeding CC Balance? ### Answer: In the US, if your monthly statement was issued by the credit card company on January 1 and it showed a balance of $1000, then a payment must be ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Someone asks you to co-sign a loan. How to reject & say “no” nicely or politely? ### Answer: My reply would be a serious, "Oh my word! I was going to ask you the same thing!....guess that's a no from ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does 83b election work when paying fair market value at time of grant? ### Answer: Yes, you would pay no taxes at the time of purchase. In fact, this is not uncommon. Many early employees of start...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I do when the trading price of a stock or ETF I want to buy is too high? ### Answer: For equities, buy direct from the transfer agent. You have to buy one full share at a minimum but after th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to options if a company is acquired / bought out? ### Answer: A lot may depend on the nature of a buyout, sometimes it's is for stock and cash, sometimes just stock, or in the case of thi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dividend vs Growth Stocks for young investors ### Answer: The key is to look at total return, that is dividend yields plus capital growth. Some stocks have yields of 5%-7%, and no growth. In that case...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is dividend taxation priced in derivatives? ### Answer: While derivative pricing models are better modeling reality as academia invests more into the subject, none sufficiently do. If, for example, on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to get the lowest mortgage rate on a new purchase? ### Answer: Start with the bank where you have your checking and savings account. They can streamline some of the paperwork, because they can see...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Evaluating worth of ESPP (Startup) ### Answer: You have a lot of different questions in your post - I am only responding to the request for how to value the ESPP. When valuing an ESPP, don't think abo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is is possible to dispute IRS underpayment penalties? ### Answer: When you say "set aside," you mean you saved to pay the tax due in April? That's underpaying. It's a rare exception the IRS makes for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I stockpile nickels? ### Answer: It seems like a lot of hassle to make a few bucks. $1,000 in nickels would weight 100kg. I'd rather put my money in ING or into a bond mutual fund like VBMFX....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are big companies like Apple or Google not included in the Dow Jones Industrial Average (DJIA) index? ### Answer: In addition to the answers provided above, the weight the Dow uses to determine th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is quotational loss in stock market? ### Answer: Been a long while since I've read it but if I remember correctly with quotational loss Graham refers to an unjustified decline in stock price beca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I have to pay taxes on income from my website or profits? ### Answer: Not sure about the UK, but if it were in the US you need to realize the expenses can be claimed as much as the income. After ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which U.S. online discount broker is the best value for money? ### Answer: If you have at least $25,000, Wells Fargo is the place to be, as you get 100 free trades per account. I have three investment...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off a 0% car loan? ### Answer: Mostly to play devil's advocate, I will recommend something different than everybody else. If you can pay off the entire $3,000 balance and are torn between...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Borrowing money and then investing it — smart or nart? ### Answer: There are two fundamental flaws to your plan: Supposing that you can get a loan with an interest rate that is less than the profit yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a benefit, long term, to life insurance for a youngish, debt, and dependent free person? ### Answer: There is no benefit in life insurance as such (ie, death insurance.) There is a great deal...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Taking Losses To Save On Tax ### Answer: As Dilip said, if you want actual concrete, based in tax law, answers, please add the country (and if applicable, state) where you pay income tax. Also, knowin...
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: Naturally the advice from JoeTaxpayer and dsimcha is correct, every situation is different. I will get reckless, go nuts and make...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Forgot to renew Fictitious Name application within the county. What is the penalty for late filing? ### Answer: I checked this myself and there is no monetary penalty for late filing. However, since I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should minor children be listed as IRA beneficiaries? ### Answer: I would like to bring up some slightly different points than the ones raised in the excellent answers from JoeTaxpayer and littlea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a company allowed to give employees an option for a bonus to be paid out as a 401k match or cash? ### Answer: This has to do with the type of plan offered: is it a 401(k) plan or a profit-sharing p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do 10 year-old luxury cars lose so much value? ### Answer: I believe one of the main reasons cars -- luxury or otherwise -- depreciate so quickly is that many auto accidents can cause serious engi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with the change in my change-jar? ### Answer: Every now and then I fill a pocket with a handful of coins and spend it on a very small shop on my way home, i.e. a loaf of bread (£1.50)...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth investing in Index Fund, Bond Index Fund and Gold at the same time? ### Answer: I'd say neither. Index Funds mimic whatever index. Some stocks that are in the index are good investment opp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to protect your parents if they never paid Social Security? ### Answer: Wow. She really is in a pickle. Even though I can intellectualize that she ought have paid more attention to her family's fi...
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 the quoted passage, the bonds are "risky" because you CAN lose money. Money markets can be insured by the FDIC, and thus are without risk in many insta...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to sell a worthless option ### Answer: Sounds like an illiquid option, if there are actually some bidders, market makers, then sell the option at market price (market sell order). If there are not...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As co-founder, does Steve Jobs still own enough Apple shares to control Apple Inc.? ### Answer: Everyone that owns a share of stock in a company is part owner. Some just own more than others. Accordin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the risks with ETFs with relatively low market caps? ### Answer: Market cap probably isn't as big of an issue as the bid/ask spread and the liquidity, although they tend to be related. The sp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can we estimate the impact of a large buy order on the share price? ### Answer: Orders large enough to buy down the current Bid and Ask Book are common. This is the essential strategy through which la...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: hardship withdrawal ### Answer: Gaining traction is your first priority. WARNING: as @JosephZambrano explains in his answer the tax penalty for withdrawing from a 401(k) can easily exceed the APR of t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do investment banks evaluate a private firm going public? Is it based on the assets owned by the company? ### Answer: Will the investment bank evaluate the worth of my company more than or less th...
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: While I've never used the service, there's also Amazon Flexible Payments Services (AFPS): (emphasis below is mine) Amazon Flex...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any “Personal” Finance app that allows 2 administrators? ### Answer: We use YNAB to handle our household budget - their latest version allows cloud sync between Android/iOS devices and variou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debt collector has wrong person and is contacting my employer ### Answer: Step one: Contact the collection agency. Tell them that they have the wrong person, and the same name is just a coincidence. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does VSMAX invest in smaller companies than FSEVX? ### Answer: You are comparing apples and oranges: the charts show the capital appreciation excluding dividends. If you include dividends and calculat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are companies like EquityZen legitimate and useful? ### Answer: Stuff I wish I had known, based on having done the following: Obtained employment at a startup that grants Incentive Stock Options (ISOs...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Double-entry accounting: how to keep track of mortgage installments as expenses? ### Answer: Understandably, it appears as if one must construct the flows oneself because of the work involved to inclu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Owned house for less than 2 years - 1031 exchange? ### Answer: Yes, your realtor is a moron. (I am a realtor, and sorry you have such a bad one) Every industry has its good and bad. You really should ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I get the car refinanced under my name if my girlfriend signed for the loan? ### Answer: You should have her sell it to you for the amount of the outstanding loan. You take out a loan in your ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Understanding Put Options ### Answer: Options, both puts and calls, are typically written/sold at different strike prices. For example, even though the stock of XYZ is currently trading at $12.50, the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How credible is Stansberry's video “End of America”? ### Answer: Predictions, especially doomsday predictions, can go wrong quickly. I would be careful of anyone calling an "end" to a country like th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Superannuation: When low risk options have higher return, what to do? ### Answer: The long term view you are referring to would be over 30 to 40 years (i.e. your working life). Yes in general you shou...
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: Paying off the debt is low-risk, low-reward. You're effectively guaranteed a 4% return. If you buy a mutual fund, you're going t...
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: To Chris' comment, find out if the assignment commission is the same as the commission for an executed trade. If that d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any reason not to buy points when re-financing with intent not to sell for a while? ### Answer: In such a situation, is there any reason, financial or not, to NOT pay as many points as mort...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I helped my friend to file taxes; can I represent her on a phone call with FTB? ### Answer: In order for you to be able to talk to the FTB on someone's behalf, that someone has to submit form 3520....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When will Canada convert to the U.S. Dollar as an official currency? ### Answer: Canada would most likely not convert any time in the near future. The challenge for Canada converting to the US Dollar ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using credit cards online: is it safe? ### Answer: The answer: don't use your actual card number. Some banks offer virtual credit card numbers (services like Apple Pay are functionally the same). Bank...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Help: Being charged interest on a loan for which I received no statements telling me of this debt for the past 15 years. Surprise! ### Answer: There is a ten year statue of limitations on debt collect...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Allocating IRA money, clarification needed ### Answer: You'll likely see several more scary market events before your autumn years. Ahhh, everyone has an opinion on this so here is mine :) If you are ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying an option in the money, at the money, or out of the money ### Answer: I look for buying a call option only at the money, but first understand the background above: Let's suppose X stock is bein...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible as a non-Indian citizen to create an Indian bank account (denominated in rupees) that can exchange & repatriate its funds? ### Answer: No, in your situation it is not possible. Mostly, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Learning stock trading financing etc for someone from mathematical background [duplicate] ### Answer: Security Analysis(very difficult for beginners )& Intelligent Investor by Benjamin Graham. All abo...
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: If by being a millionaire you mean dollar millionaire then I doubt that it is really that easy in Pa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are social media accounts (e.g. YouTube, Twitter, Instagram, etc.) considered assets? ### Answer: Assets with zero value, perhaps. Unless you can prove that they have resale value. Good luck with that...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does spot-futures arbitrage work in the gold market? ### Answer: As proposed: Buy 100 oz of gold at $1240 spot = -$124,000 Sell 1 Aug 2014 Future for $1256 = $125,600 Profit $1,600 Alternative Ris...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why might a robo-advisor service like Betterment be preferable to just buying a single well-performing index fund like SPY? ### Answer: This is Ellie Lan, investment analyst at Betterment. To answer y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who receives the money when one company buys another? ### Answer: It's tempting to think of a corporation as a real thing, because in many respects it seems to be. But it isn't a corporeal thing (desp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can small children contribute to the “family economy”? ### Answer: @MrChrister - Savings is a great idea. Coudl also give them 1/2 the difference, rather than the whole difference, as then you bot...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying from an aggressive salesperson ### Answer: If something in any transaction in life—financial or otherwise—doesn’t make you feel comfortable and the choice is between saving money with one thing...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First time home buyer. How to negotiate price? ### Answer: First of all, never ask a realtor for advice. The realtor represents the SELLER. Blankip's advice above is by far the most accurate of the pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When and how should I pay taxes on ForEx trades? ### Answer: I don't know how taxes work in Israel, but I imagine it is relatively similar to taxes in the US. In the US you need to pay taxes on invest...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a “convertible note”? ### Answer: Source, see if you have access to it Convertible notes are often used by angel investors who wish to fund businesses without establishing an explicit valuatio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to choose a good 401(k) investment option? ### Answer: Great question and good for you for starting investments. Are you young, like in your 20s? I would do all that you can in the ROTH. You wil...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does short selling require borrowing? ### Answer: In order to compare the two, you need to compare your entire portfolio, which is not just how much money you have, but how much stock. In both sce...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a put option and call option be exercised for the same stock with different strike prices? ### Answer: You could have both options exercised (and assigned to you) on the same day, but I don't thin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I take from learning that a company's directors are buying or selling shares? ### Answer: It is not clear when you mean "company's directors" are they also majority owners. There are severa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any caveats to withdrawing funds from brokerage? ### Answer: Assuming a USA taxable account: Withdrawing funds from a brokerage account has nothing to do with taxes. Taxes are owed on the pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is auto insurance ridiculously overpriced for those who drive few miles? ### Answer: Some proportion of the costs of a policy have little to no relationship to miles driven. Think of costs of und...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 15 year mortgage vs 30 year paid off in 15 ### Answer: All of the answers given so far are correct, but rather narrow. When you buy a 30-year-mortgage, you are buying the right to pay off the debt in ...
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: I feel that OP's question is fundamentally wrong and an understanding of why is important. The stock market, as a whole, in the USA ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much (paper) cash should I keep on hand for an emergency? ### Answer: It's also worth thinking about minor "emergencies" when the location of your cash may be more important than the amount. I kee...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How will I pay for college? ### Answer: One potentially useful option to avoid the crippling tuition fees in the states is to instead get your degree abroad. Numerous European countries have very low ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying from an aggressive salesperson ### Answer: My advice is to quit worrying about the salesman's tactics. They are a distraction. What do you want? How much are you willing to pay for it. If y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some time tested passive income streams? ### Answer: You could buy debt/notes or other instruments that pay out periodically. Some examples are If there is an income stream you can discount...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How feasible would it be to retire just maxing out a Roth IRA? ### Answer: Interesting. The answer can be as convoluted/complex as one wishes to make it, or back-of-envelope. My claim is that if one ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What evidence exists for claiming that you cannot beat the market? ### Answer: The reason for this is arbitrage. In an free and open market, investments that are certain to generate above-average prof...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't some places require a credit card receipt signature, and some do? ### Answer: Merchants apply in advance for the program, and the amount is limited to less than $25. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the process of getting your first share? ### Answer: I actually use a service called etorro, there are social trading and normal trading. It allows me to put money into the service, follow oth...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I adjust to a new social class? ### Answer: Beware of keeping up with the Joneses. Many of your free-spending neighbors are broke. Basically, the prices of things like what you're noticing will...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the economic benefits of owning a home in the United States? ### Answer: To add to what other have stated, I recently just decided to purchase a home over renting some more, and I'll throw in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What did John Templeton mean when he said that the four most dangerous words in investing are: ‘this time it’s different'? ### Answer: A brief review of the financial collapses in the last 30 years wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a bank make money on an interest free secured loan? ### Answer: Other answers didn't seem to cover it, but most "0%" bank loans (often offered to credit card holders in the form of balance tr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who can truly afford luxury cars? ### Answer: I must say, I can't completely agree with the tone of most of these answers. I think there may be a good reason to buy a new car, or a luxurious used car...