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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is paying off your mortage a #1 personal finance priority? ### Answer: For some people, it should be a top priority. For others, there are higher priorities. What it should be for you depends on a n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there an advantage to keeping a liquid emergency fund if one also has an untapped line of credit? ### Answer: People treat an emergency fund as some kind of ace-in-the-hole when it comes to financi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Income tax on my online drop-shipping business (India) ### Answer: I find that there are two violation of law , prima facie , if someone earns money by depositing in the online account and then not re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax Allocation - Business Asset Transfer ### Answer: And my CPA is saying no way, it will cost me many thousands in taxes and doesn't make any sense. I'd think so too. It looks like it converts from...
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: There is plenty of over-rationalisation in the majority of these answers, when the simple answer is that it is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a free, online stock screener for UK stocks? ### Answer: I know nice and free stock screener for UK (and 20+ exchanges) - https://unicornbay.com/screener?f=exchange_str|%3D|LSE;&s=MarketCapit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can Schwab afford to refund all my ATM fees? ### Answer: Like a lot of businesses, they win on the averages, which means lucrative customers subsidize the money-losers. This is par for the course...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are American-style options worth more than European-style options? ### Answer: I'm sorry, but your math is wrong. You are not equally likely to make as much money by waiting for expiration. Share...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What headaches will I have switching from Quicken to GnuCash? ### Answer: Instead of gnucash i suggest you to use kmymoney. It's easier ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to bet against IPOs? ### Answer: There are 2 primary ways to bet against a stock if you think it will decline. The first is to short sell shares of that stock the second is to buy put options (I w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What will happen to my restricted units? ### Answer: This should all be covered in your stock grant documentation, or the employee stock program of which your grant is a part. Find those docs and it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are services provided to Google employees taxed as income or in any way? ### Answer: Most of this is already regulated. "Food" specifically is exempt from taxes if it's done on premise and for the "co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Swiss-style Monetary Policy ### Answer: This is what is called "weasel words". They're trying to put some authority into their ad, but since they don't have any - they're putting meaningless words tha...
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: The vanguard funds are all low fee your employer has done a good job selecting their provider for 401(k). I would do a roth if you can affor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to physically own a share certificate in a company? ### Answer: There is a company that will sell you single paper shares of stock for many companies and handle framing. But you pay a l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to park money low-risk on interactivebrokers account? ### Answer: The standard low-risk/gain very-short-term parking spot these days tends to be a money market account. However, you have only m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Higher auto insurance costs: keep car or switch to public transit? ### Answer: I've lived this decision, and from my "anecdata": do #3 I have been car-free since 2011 in a large United States city. I...
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: Now, if you're still intrested, Mint.com works also for Canadian banks. Mint Canada ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are options created? ### Answer: The main reason is that you move from the linear payoff structure to a non-linear one. This is called convexity in finance. With options you can design a payoff st...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some tips for getting the upper hand in car price negotiations? ### Answer: I read a really good tract that my credit union gave me years ago written by a former car salesman about negotiatio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are people able to spend more than what they make, without going into debt? ### Answer: If you make $10 in salary, $5 in interest on savings, and $10 in dividends, your income is $25, not $10. If ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: collateralized mortgage obligations ### Answer: Say there are 5 people took loan of $100000 each. Those 5 people work in different jobs and have different capacity to payoff loan. Someone earning $400...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are my risks of early assignment? ### Answer: The put vs call assignment risk, is actually the reverse: in-the-money calls are more likely to be exercised early than puts. Exercising a call locks...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I actually get a share of stock issued with a piece of paper anymore? ### Answer: Yes, indeed. For example, Ford Motor Company's website has a bit about them. Is there any advantage to having an ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are these fees attached to mutual fund FSEMX? ### Answer: FSEMX has an annual expense ratio of 0.1% which is very low. What that means is that each month, the FSEMX will pay itself one-twelfth of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Did I get screwed in taxes on a mutual fund dividend payment? ### Answer: How is that possible?? The mutual fund doesn't pay taxes and passes along the tax bill to shareholders via distributions would...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay off credit card debt or earn employer 401(k) match? ### Answer: For easy math, say you are in the 25% tax bracket. A thousand deposited dollars is $750 out of your pocket, but $2000 after the matc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to influence a company's actions by buying stock? ### Answer: You can execute block trades on the options market and get exercised for shares to create a very large position in Energy 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: A lot of these answers are strong, but at the end of the day this question really boils down to: Do you want to own things? Duh, yes....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can my rent to own equity be used as a downpayment? ### Answer: I do not think the bank would consider the 52K as equity. Typically, a rent-to-own lease is technically a lease-option contract where ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean to long convexity of options? ### Answer: Long convexity is achieved by owning long dated low delta options. When a significant move occurs in the underlying the volatility curve wil...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I claim a tax deduction for working from home as an employee? I work there 90% of the time ### Answer: Talk to a tax professional. The IRS really doesn't like the deduction, and it's a concept (li...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a Value Added Tax (VAT) differ from a Sales Tax? ### Answer: Sales taxes are charged at the point of purchase, while a VAT is assessed during the production process of the item. In the end, t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Early Exercise and 83(b) Election ### Answer: I assume I can/will need to file an 83(b) election, in order to avoid tax repercussions? What exactly will this save me from? 83(b) election is for rest...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying taxes on dividends even though your capital gains were $0? ### Answer: I'd agree that this can seem a little unfair, but it's an unavoidable consequence of the necessary practicality of paying ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Data source for historical intra-day bid/ask price data for stocks? ### Answer: FreeStockCharts.com keeps some intra-day trading history. You have to create an account to look up individual stocks. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are reasons a company would want to be listed on one exchange vs. another? ### Answer: Listing on NYSE has more associated overhead costs than listing on NASDAQ. In the case of young technology ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I believe a stock is going to fall, what options do I have to invest on this? ### Answer: There are three ways to do this. So far the answers posted have only mentioned two. The three ways are: Se...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to deal with intraday prices conflicting with EOD highs and lows ### Answer: In the US, stocks are listed on one exchange but can be traded on multiple venues. You need to confirm exactly what yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does revenue shared with someone else go into my tax return in Canada? ### Answer: Generally, report your $150,000. If/when the the tax collectors notice the anomaly, they'll attempt to contact yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Reasons for a warrant's intrinsic value and price not adding up? ### Answer: While on the surface it may seem that the warrant you described is trading below intrinsic value, there are many reasons wh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does Chapter 11 Bankruptcy mean to an investor holding shares of a Chapter 11 Company? ### Answer: If you've got shares in a company that's filed for U.S. Chapter 11 bankruptcy, that sucks, it re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the purpose of endorsing a check? ### Answer: In my experience, you don't need to endorse a check with a signature to deposit it into your account. You do if you are exchanging the check for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the catch in investing in real estate for rent? ### Answer: There are several things that are missing from your estimate: The terms for the mortgage for a rental property will be different. You...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making a big purchase over $2500. I have the money to cover it. Should I get a loan or just place it on credit? ### Answer: I would not be concerned about the impact to your credit rating. You alread...
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: I struggle with 0% interest things in my personal life. A responsible me that thinks logically says continue to pay it on time and take advantage of the be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Online Foreign Exchange Brokerages: Which ones are good & reputable for smaller trades? ### Answer: Like Ganesh, I've used XE Trade - however I still do, fairly often. I have never had a single probl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment for young expatriate professionals ### Answer: That's a broad question, but I can throw some thoughts at you from personal experience. I'm actually an Australian who has worked in a couple...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I get into investing in stocks? ### Answer: Read "The intelligent Investor" book before you do anything. I started when I really didn't understand anything about stocks. I bought an internet st...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can one find intraday prices for mutual funds? ### Answer: Like others have said, mutual funds don't have an intraday NAV, but their ETF equivalents do. Use something like Yahoo Finance and sear...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what interest rate should debt be used as a tool? ### Answer: I've been taking all the cheap fixed-rate debt banks would like to give me lately. What Rate? In practice I find the only way I get a l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much should a new graduate with new job put towards a car? ### Answer: I have a slightly different take on this, compared to the other answers. In general, I think your emergency fund should alway...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Loan to son - how to get it back ### Answer: Seems fair. I think this is a real subjective thing. Financially lets get rid of that line before interest rates get too high. Maybe have him pay you th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: effect of bond issue on income statement ### Answer: No, it would not show up on the income statement as it isn't income. It would show up in the cash flow statement as a result of financing activitie...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How a company can afford to give away so many shares as part of its ESOP ### Answer: This question is very open ended. But I'll try to answer parts of it. An employer can offer shares as part of a com...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a Discount Called in the Context of a Negative Interest Rate? ### Answer: Even though the article doesn't actually use the word "discount", I think the corresponding word you are looking for i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I use stock as collateral for a loan and I default, does the bank pay taxes when they sell my stock? ### Answer: The short answer is that the exchange of the stock in exchange for the elimination o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why was S&P 500 PE Ratio so high on May 2009 ### Answer: Asking why the p/e was so high is best answered "because reported earnings were so low". Recall that the S&P500 bottomed in early March 2009 wh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Starting a new online business ### Answer: Most US states have rules that go something like this: You will almost certainly have to pay some registration fees, as noted above. Depending on how you or...
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: I think it is just semantics, but this example demonstrates what they mean by that: If you put $100 in a CD today, it will grow an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are COBRA premiums deductible when self-employed? ### Answer: Here is a quote from the IRS website on this topic: You may be able to deduct premiums paid for medical and dental insurance and qualifi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there cons to paying monthly bills with a rewards card and then paying it off monthly? ### Answer: There are hidden costs to using rewards cards for everything. The credit card company charges fee...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Minor stakes bought at a premium & valuation for target company ### Answer: Imagine that I own 10% of a company, and yesterday my portion was valued at $1 Million, therefore the company is valued at $...
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: You have to be the owner of record before the ex-dividend date, which is not t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Transfer car loan for better interest rate ### Answer: The key word you are looking for is that you want to refinance the loan at a lower rate. Tell banks that and ask what they can offer you. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How fast does the available amount of gold in the world increase due to mining? ### Answer: Approximately 5.3 billion ounces have been mined. This puts the total value of all gold in the world at abou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do disputed debts work on credit reports? ### Answer: You're not missing anything. Consumer protection in the US is very basic and limited, if at all. So if someone claims you owe them something, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Help! I've cancelled their service, but this company continues to bill my credit card an annual fee. What can I do? ### Answer: I don't think you should have to cancel your card. Call your customer s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Home owners association for houses, pro/cons ### Answer: At its best, a HOA provides the same benefits as a condo association -- shared investment in the shared neighborhood resources/environment. At...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are you preparing for a possible dollar (USD) collapse? (How?) ### Answer: I've thought of the following ways to hedge against a collapsing dollar: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Curious about Liverpool FC situation ### Answer: AFAIK gillet and hicks received massive loans to fund their purchase and they have not been keeping up the repayments so now the creditors own the club...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Purchasing options between the bid and ask prices, or even at the bid price or below? ### Answer: Yes, almost always. I trade some of the most illiquid single stock options, and I would be absolutely ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to deal with the credit card debt from family member that has passed away? ### Answer: Sorry for your loss. I am not a lawyer and this isn;t legal advice -- which I am not licensed to give. But I'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax implications of having some self-employment income? ### Answer: You would put your earnings (and expenses, don't forget) on Schedule C, and then do a Schedule SE for self-employment tax. http://ww...
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: I too received a "job offer" from this CENEO outfit but mine was a proof reading position.Supposedly,I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best approach to save money for College for three kids? ### Answer: Live where you live now untill your kids are about to go to college. Then move to Germany and send your children to coll...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why might it be advisable to keep student debt vs. paying it off quickly? ### Answer: You become a teacher; generally K-12, but I have heard from the DOE that teachers at state schools qualify as we...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: bid & ask prices and technical indicators ### Answer: If you are looking to go long (buy) you would use bid prices as this is what you will be matched against for your order to be executed and a trade...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In a competitive market, why is movie theater popcorn expensive? ### Answer: I think this question has more to do with the business model of cinema. If I remember correctly. Most of the money from tic...
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: The core competency of banks is to lend money from deposito...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Definitions of leverage and of leverage factor ### Answer: Your original example is a little confusing because just shorting for 1k and buying for 1k is 100% leveraged or an infinitive leverage ratio....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I cosigned on a house for my brother ### Answer: This is why we tell people not to co-sign unless they are able and willing to risk that money becoming a gift... or are able and willing to treat it as...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I sell the home in 2014 or continue to rent it out? ### Answer: You need to get the current tax software, the 2013 filing software is out already, even though it needs to update itself before f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Most effective Fundamental Analysis indicators for market entry ### Answer: I think by definition there aren't, generally speaking, any indicators (as in chart indicators, I assume you mean) for fund...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Selling on eBay without PayPal? ### Answer: I think you need to have paypal for eBay selling, just for one reason: people will avoid buying from you if they can't pay by paypal. It decreases significa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to manage $50k in Savings? ### Answer: In today's market being paid 1% for risk and free access money is pretty darn good. If 50k is what you feel comfortable with an emergency fund, then you are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the common moving averages used in a “Golden Cross” stock evaluation? ### Answer: Not sure why this hasn't received any answers yet... the link to the investopedia page you posted explains it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For what dates are the NYSE and U.S. stock exchanges typically closed? ### Answer: The NYSE publishes a list of holidays at its website. New link: https://www.nyse.com/markets/hours-calendars Old lin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the concept of an “odd lot” adjusted to stock price? ### Answer: I will assume that you are not asking in the context of high frequency trading, as this is Personal Finance Stack Exchange. It is co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should we organize our finances to effectively plan and prepare for an retirement in next 10 years? ### Answer: Wow! First, congratulations! You are both making great money. You should be able to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it ever logical to not deposit to a matched 401(k) account? ### Answer: Some have suggested you can put the money in the 401k then take a loan to pay off the student loan debt. Some things to cons...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What exactly is a “derivative”? ### Answer: The basic idea behind a derivative is very simple actually. It is a contract where the final value depends on (is derived from) the value of something else...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I open a Demat account in India from abroad? ### Answer: You need 2 things One a Demat Account and second a Broker Account. If you need to trade online, then an agreement [Power of Attorney] betwe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much money do I need to have saved up for retirement? ### Answer: I wrote a spreadsheet (<< it may not be obvious - this is a link to pull down the spreadsheet) a while back that might help you. Y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I sell when my stocks are growing? ### Answer: You should constantly look at your investment portfolio and sell based on future outlook. Don't get emotional. Selling a portfolio of stocks at on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much life insurance do I need? ### Answer: After some thought, I follow Dave Ramsey's advice because it's simple and I can do the math in my head - no online calculator needed. :) You need Life In...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Corporate Coverdell ESA Tax Liability ### Answer: Not sure how authoritative it is, but according to this site, yes: Can a corporation, partnership or other non-living entity make the contribution to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a good rule of thumb for how much I should have set aside as emergency cash? ### Answer: I think that Dave Ramsey has a good approach to emergency funds. Save $1,000 that is immediately acces...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to avoid tax when taking a windfall in small chunks? ### Answer: How can I avoid this, so we are taxed as if we are making the $60k/yr that we want to receive? You can't. In the US the income is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I am turning 18 and I am a Student, I need strategies on building great credit soon. Where should I start? ### Answer: Your goals are excellent. I really admire your thoughts and plans, and I hold you...