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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stocks tend to trade at high volumes at the end of (or start) the trading day? ### Answer: The shift to trading at the close began in 2008. Traders did not want to be caught off guard by surpri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a person with really bad credit history rent decent housing? ### Answer: I saw where you said "I thought of co-signing is if a portion of child/spousal support goes directly to the landlord. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Retirement & asset allocation of $30K for 30 year old single guy ### Answer: IMHO bonds are not a good investment at this present time, nor generally. Appreciate for a moment that the yield of an inve...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a credit card company make any money off me? I have a no-fee card and pay my balance on time ### Answer: They don't make any money off of you personally. They make money off of the merchants p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What effect does a company's earnings have on the price of its stock? ### Answer: A common (and important) measure of a stock's value is the price/earnings ratio, so an increase in earnings will norma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Cash flow implications of converting primary mortgaged residence to rental ### Answer: You have some of the math right, but are missing a few things. Here's what I can offer - if I leave anything out,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What emergencies could justify a highly liquid emergency fund? ### Answer: Weather events and aging infrastructure. Cash will buy gasoline, food and water when there is no power or telephone connecti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I pay taxes using bill pay from my on-line checking account? ### Answer: I can't speak for the US, but I've completed direct tax payments via my online bank account (for business and personal) in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax on Stocks or ETF's ### Answer: If you sell a stock, with no distributions, then your gain is taxable under §1001. But not all realized gains will be recognized as taxable. And some gains which a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If throwing good money after bad is generally a bad idea, is throwing more money after good Ok? ### Answer: The principle behind the advice to not throw good money after bad is better restated in econ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Roth vs. Whole Insurance vs. Cash ### Answer: Week after week, I make remarks regarding expenses within retirement accounts. A 401(k) with a 1% or greater fee is criminal, in my opinion. Whole life i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the stock market closed on the weekend? ### Answer: The answer is 7-fold: BOTTOM LINES: Bubble; bursting bubble; Great Depression; Victory in WWII; All work and no play makes Jack (& Jill) ve...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Alternative means of salary for my employees ### Answer: You can't   Your problem is that no one will value you new currency call it bytecoin. People will ask why is the bytecoin worth anything and y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can the risk of investing in an asset be different for different investors? ### Answer: The other example I'd offer is the case for diversification. If one buys 10 well chosen stocks, i.e. stocks spre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a company care about the price of its own shares in the stock market? ### Answer: Investors are typically a part of the board of directors of the company. Because of their ownership in the c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do governments borrow money instead of printing it? ### Answer: The Government doesn't borrow money. It in fact simply prints it. The bond market is used for an advanced way of controlling the dem...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Peer to peer lending business model (i.e. Lending Club) ### Answer: The best description of P2P lending process I saw comes from the SEC proceedings. They are very careful about naming things that are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options for dummies. Can you explain how puts & calls work, simply? ### Answer: I'm normally a fan of trying to put all the relevant info in an answer when possible, but this one's tough to do in one ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Selling on eBay without PayPal? ### Answer: One option might be to set up a separate bank account and a separate credit card account, which you would use only for your ebay transactions. I have a fri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a long-term investor ever chose a Mutual Fund over an ETF? ### Answer: First, it's not always the case that ETFs have lower expenses than the equivalent mutual funds. For example, in the Va...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to help a financially self destructive person? ### Answer: I learned this from a business book on managing people, but I think it applies equally well here. You can't put in what God left out of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Possible to use balance transfers to avoid interest with major credit cards? ### Answer: IMO, it's a good deal. Pre-paying 3% interest is better than accruing it at 1-2% per month. The other nice thin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Legitimate unclaimed property that doesn't appear in any state directory? ### Answer: It's true that most states have limits on what finders can charge if the listing is in state possession. If it is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to invest in stocks without using an intermediary like a broker? Can shares be bought direct? ### Answer: Yes! What you are describing is an "off-exchange" trade and can be done using stock certif...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there such a thing as a deposit-only bank account? ### Answer: Legally, no one else can withdraw from your account. If you suspect the direct-deposit websites are making withdrawals, you can monito...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which Benjamin Graham book should I read first: Security Analysis or Intelligent Investor? ### Answer: Read the Security Analysis. I believe if you read it completely, you will have a real good chanc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do financial advisers in Canada who work at the bank, make investing decisions not in your best interest? ### Answer: The way this works, as I understand it, is that financial advisers come in two kin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What margin is required to initiate and maintain a short sale ### Answer: Depends on the stock involved, but for the most part brokerages allow you gain entry at 50%, meaning you can short twice the c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: On what quantity the Dividend is given in India? ### Answer: So My question is if I purchased the shares on 03-08-15 then will I get the dividend? Yes if you purchase on 3-Aug, the shares will actuall...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In US, is it a good idea to hire a tax consultant for doing taxes? ### Answer: It's going to depend entirely on your tax situation, its complexity, and your willingness/interest in dealing with tax fi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ex-dividend date: How long do I have to hold a stock in order to get the next dividend? ### Answer: You only have to own it for a day (or rather for some amount of time before the close of trading the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Micro-investing: How to effectively invest frequent small amounts of money in equities? ### Answer: In terms of building the initial investment using some kind of mutual fund, I'd suggest you see my a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it taxable if someone return me money? ### Answer: The $10,000 is not taxable to either of you, but the $500 is taxable income to you - and a deductible business expense for your friend. ###end
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: As someone who has a very similar debt amount and environment (new grad, nice new paying job, want a car, etc), I'd like to s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which credit card is friendliest to merchants? ### Answer: Please don't waste any more time feeling bad for merchants for the charges they incur. I don't know who supported the lobby for this rule, bu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is selling only shares you bought with margin on a margin/unsettled cash purchase free ride? ### Answer: There is no free ride at most brokers. You will likely be charged a margin fee for that trade e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages of a Swiss bank account? ### Answer: For an American it nearly impossible to open a Swiss bank account. Even a Swiss person want to open a bank account, we have to fill out a d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I deduct taxes for home office as a freelance computer software developer? ### Answer: This answer is assuming you're in the US, which apparently you're not. I doubt that the rules in the EU are s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Priced out of London property market. What are my accommodation investment options? ### Answer: Be radical! (I assume you are not working for a city bank getting paid “city wages” – e.g. you are one o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where should my money go next: savings, investments, retirement, or my mortgage? ### Answer: I'd invest in yourself. Start up a side business. Take a certification class that gets your foot in the d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does selling and then rebuying stock not lead to free money? ### Answer: There are several reasons. First, if you sell your stock "at any price", you may be selling it for less than you originally...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Snowball debt or pay off a large amount? ### Answer: My advice: IMO, all things being somewhat equal, you should always try to retire debts as quickly as possible in most cases, so start with the smal...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does Charles Schwab have a Mandatory Settlement Period after selling stocks? ### Answer: That is the standard set by most securities exchanges: T+3 : trades complete three days after the bargain h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where do I invest my Roth IRA besides stock market and mutual funds? ### Answer: You're technically 'allowed' to do other investments with your Roth, but you get taken to the cleaners by the financial...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I replace Microsoft Money with, now that MS has abandoned it? ### Answer: I use MoneyStrands.com to manage my spending. It's a lot like Mint, but provides support for more banks, and works wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Money transfer from India to USA ### Answer: The liabilities are the same regardless of the route, besides tax evasion schemes such as handing the money to her as cash. Taxes will run up to half of th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I've got $100K to invest over the next 2 to 7 years. What are some good options? ### Answer: I like precious metals and real estate. For the OP's stated timeframe and the effects QE is having on preci...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Could the loan officer deny me even if I have the money as a first time home buyer? ### Answer: I've been a mortgage broker for almost 20 years. I get people loans all of the time thru FHA and Conven...
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: Switch to cash for a few months. No debit. No credit. This will help for two reasons: Once you've broken the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why doesn’t every company and individual use tax-havens to pay less taxes? ### Answer: Many of the Financial intermediaries in the business, have extraordinary high requirements for opening an account...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What assets would be valuable in a post-apocalyptic scenario? ### Answer: Gold and silver are for after the crisis, not during. Gold and silver are far more likely to be able to be exchanged for thin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to rescue my money from negative interest? ### Answer: How about placing the money in a safety deposit box at the same bank? This will probably work out cheaper than the loss due to negative rates...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are there many small banks and more banks in the U.S.? ### Answer: As an addendum to PeterK's answer, once upon a time, there were many Savings and Loan Associations (S&Ls) that acted as small ban...
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: Shareholders of Monsanto will get the money from Bayer. Shareholders are independent people or entities. Think of Monsanto as a thin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Could one person with a card with no spending limit pay off everyone's debt? ### Answer: The problem would not only be that of Kyle but also that of American Express. When Kyle pays by credit card, Am...
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: I agree with the basic purpose of an HOA. Unlike the poster above Jay, I do believe that people painting their houses purple will definitely af...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Personal finance web service with account syncing in Germany ### Answer: As much as I know StarMoney has also a web service for banking. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best Practices for Managing Paper Receipts ### Answer: I store all my receipts digitally, and make sure to input them into accounting program sooner than later, just so I don't forget about it. For pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: “Infinite Banking” or “Be Your Own Bank” via Whole Life Insurance…where to start? ### Answer: Why would you give them the money and borrow it back? If you didn't give it to them in the first place yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What market conditions favor small cap stocks over medium cap stocks? ### Answer: In general, small cap stocks are exposed to more downside during recessions and when credit is tight, because it is mo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A debt collector will not allow me to pay a debt, what steps should I take? ### Answer: This may not apply in your particular situation, but I think it's important to mention: When a debt collector do...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the correct answer for percent change when the start amount is zero dollars $0? ### Answer: As has been said before, going from nothing to something is an infinite percent increase! It is not ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Frustrated Landlord ### Answer: If you're losing money or breaking even, you own a bad investment. The problem you have is that you are emotionally invested in your tenant. That isn't a bad thing in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would people sell a stock below the current price? ### Answer: Why would people sell below the current price, and not within the range of the bid/ask? There are many scenarios where this is delibe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is OkPay not allowed in the United States? ### Answer: The U.S. requires money transfer services to be licensed under 31 USC 5330 in addition to any applicable laws at the state level. According ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does capital gains tax apply to long term stock holdings? ### Answer: Why only long term investments? What do they care if I buy and sell shares in a company in the same year? Simple, your actua...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When following a buy and hold investment strategy, on what conditions should one sell? ### Answer: Buy and hold doesn't have an exact definition, as far as I know. In my opinion, it's offered as a co...
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: If you tell the collector that the claim isn't valid, they're obliged to go back to the creditor to verify it. Sometimes that gets a real pers...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Short term parking of a large inheritance? ### Answer: I am sorry for your loss, this person blessed you greatly. For now I would put it in a savings account. I'd use a high yield account like Ever...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the risks of Dividend-yielding stocks? ### Answer: One strategy to consider is a well-diversified index fund of equities. These have historically averaged 7-8% real growth. So withdrawing 3% ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What do Earnings Per Share tell potential shareholders? ### Answer: Earnings per share is the company profit (or loss), divided by the number of outstanding shares. The number should always be compare...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can you beat the market by investing in double long ETFs? [duplicate] ### Answer: Here is a simple example of how daily leverage fails, when applied over periods longer than a day. It is specifically ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a company sell debt in order to buy back shares and/or pay dividends? ### Answer: When I play Railroad Tycoon III, I often send my company deep into debt to get cash on hand to buy back shar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I know when I am financially stable/ready to move out on my own? ### Answer: One big deciding factor will be what standard of living you want to maintain once you move out. Your parents have h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to save money for future expenses ### Answer: how can I save money for the future The fact that you are worrying is good. This is the first step. Follow this up with a plan. One way is first get h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a company like Apple be buying back its own shares? ### Answer: A Breakdown of Stock Buy Backs has this bottom line on it: Are share buybacks good or bad? As is so often the case in finance,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I invest in the world's strongest currency instead of my home currency? ### Answer: The best thing is to diversify across multiple currencies. USD and EUR seem reliable. But not 100% reliable t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm thinking of getting a new car … why shouldn't I LEASE one? ### Answer: I have an eight year old Kia Spectra that my wife is after me to replace -- but it hadn't been giving me any trouble at all. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I explain why debt on debt is bad to my brother? ### Answer: I wouldn't try to tell him what he should do, nor would I provide any financial assistance. Invite him over and tell him how a Dave ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advice for college student: Should I hire a financial adviser or just invest in index funds? ### Answer: Exactly what you do with the money depends on various personal choices you'll have to make for ...
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: 1 reason is Leverage.... If you are buying out of the money options you get much more bang for your buck if the stock move...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is not paying off mortgage better in normal circumstances? ### Answer: There are several reasons: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does being involved in the management of a corporation make me ineligible for a workshare program? ### Answer: Assuming you are paying into and eligible to collect regular Employment Insurance benefit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the risks of Dividend-yielding stocks? ### Answer: The risk in a divident paying stock can come from 2 sources. The business of the company, or the valuation of the stock at the time you buy....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is Bearish Bar Reversal? ### Answer: What it is trying to describe is the psychology around the current price of the stock. In candlestick charts for example, if you get what is called a Bearish...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Priced out of London property market. What are my accommodation investment options? ### Answer: Real Estate is all local. In the United States, I can show you houses so high the rent on them is less t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I know when I am financially stable/ready to move out on my own? ### Answer: It all depends on what your financial goals are when you are ready. You sound like you could be ready today if you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the benefits of setting up a retirement plan for wealth management? ### Answer: It is never too early or too late to start retirement planning. Retirement planning refers to financial strateg...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If you own 1% of a company's stock, are you entitled to 1% of its assets? ### Answer: If you own 1% of a company, you are technically entitled to 1% of the current value and future profits of that com...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the highest quintile the only quintile whose wealth exceeds its income? ### Answer: There are a lot of forces at play here, one of which is addressed in your second bullet point. Housing, trans...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to deal with activist targeting of individual stocks? ### Answer: The easiest way to deal with risks for individual stocks is to diversify. I do most of my investing in broad market index funds, p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the fuss about Credit Score / History? ### Answer: Simply staying out of debt is not a good way of getting a good credit score. My aged aunt has never had a credit card, loan or mortgage, has ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying real estate with cash ### Answer: i think and what i understand when a house seller is asking for cash, thats means he is looking for a ready and quick buyer doesn't rely on mortgage and its lo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Receive money from US Client to Myself in India by selling services ### Answer: You can receive funds from US Client as an individual. There is no legal requirement for you to have a company. If the t...
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: The following have been recommended to me for the UK: When I was doing my investigations, all had go...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I calculate the quarterly returns of a stock index? ### Answer: So for quarters So, if Q1's value was 10 and Q2's value was 25 For closing or opening prices, I would use closing prices. For in...
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: https://www.fool.com/investing/general/2013/07/30/2-types-of-risk-2-types-of-bubbles.aspx (mirror): The Wall Street Journal reviews: What Mr. Bern...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: “Top down” and “bottom-up approach” ### Answer: Top down approach needed when bottom-up approach of markets leads to periods of high unemployment Imagine a chart that starts with one point at the to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ways to invest my saved money in Germany in a halal way? ### Answer: You can invest in a couple of Sharia-conform ETFs which are available in Germany and issued by Deutsche Bank (and other financial i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why invest for the long-term rather than buy and sell for quick, big gains? ### Answer: Every time you buy or sell a share for some price, somebody must have thought that that was exactly the right mo...