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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I write off (deduct) expenses in a period where my corporation makes no money? ### Answer: Your corporation would file a corporate income tax return on an annual basis. One single month of no reve...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is selling put options an advisable strategy for a retiree to generate stable income? ### Answer: This is a really bad idea. You are asking to be forced to pay for something at a time when you most li...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mexican Index Mutual Funds ### Answer: The recommendations you read were, very probably, talking about US listed funds in US dollars. The mexican Bolsa de Valores says that they list over 600 mutual f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the purpose of the wash sale rule? ### Answer: 'Note that "to keep an investor from lowering their tax bill" is not an explanation'. Well, yes it is. In fact it is the only explanation. The r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to write the date on the back of a received check when depositing it? ### Answer: Let me just add that while you don't need to write the date received on the back of the check, you could. Wh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Stock Trading legal for a student on F-1 Visa in USA? [duplicate] ### Answer: You can buy and sell stocks, if you like. You'll have to pay taxes on any profits. And short-term is speculating, not i...
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: First lets understand what convexity means: Convexity - convexity refers to non-linearities in a financial model. In other words, if the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should you co-sign a personal loan for a friend/family member? Why/why not? ### Answer: My personal rule is to not loan money (or co-sign) for any amount that I am not willing to give away. It can go...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are unmarketable market orders (other side of the order book is empty) matched with incoming orders? [duplicate] ### Answer: I don't have all the answers. On a illiquid stock, such situations do a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A little advice please…car loan related ### Answer: Suggested way to make the decision to repair or buy: Figure out what it will cost to repair your car. (If necessary, pay a garage to evaluate it "as...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I make a one-time income tax-prepayment to the US Treasury? ### Answer: You can make estimated tax payments on Form 1040-ES. Most people who make such payments need to do it quarterly because...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Understanding SEC Filings ### Answer: There are a whole host of types of filings. Some of them are only relevant to companies that are publicly traded, and other types are general to just registered c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a company donate to a non-profit to pay for services arranged for before hand? ### Answer: Can a company say "StackExchange" donate to a non-profit company say $5,000 in agreement that they will s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I think about stock dividends? ### Answer: At 19 years old you can and should be investing to see your money grow over the years. Reinvesting the dividends does get to be pretty significant...
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: The key to good investing is you need to understand what you are investing in. That is, if you are buying a company that makes produ...
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: A lot of people have already explained that your assumptions are the issue, but I'll throw in my 2¢. There are a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Bid-Ask at market open, which comes first? [duplicate] ### Answer: The options market requires much more attention to avoid the situation you're describing. An overnight $10 ask will remain on the boo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which Roth IRA is the best for a 21 year old who has about $1500? ### Answer: You're young. Build a side business in your spare time. Invest in yourself. Fail a few times when you have some time to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do with your savings in Japan ### Answer: As an alternative to investing you'll find at least some banks eg. Rakuten that will give you preferential interest rates(still 0.1% though) just for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does it look like my 401k loan default was not paid by my 401k account balance? ### Answer: When you leave an employer, 401(k) loans are immediately due (or within 30 days or 60 days). So maybe th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does a well diversified self-managed investment portfolio look like? ### Answer: I would like to first point out that there is nothing special about a self-managed investment portfolio as compare...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are multiple hard inquiries for a specific loan type okay? ### Answer: Assuming I don't need any other new lines of credit, can I get pre-qualified repeatedly (and with different banks) with impunity?...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Entering the stock market in a poor economy ### Answer: Buy low and sell high. Right now stocks are cheap (or at least cheapish). If you wait for better forecasts, the price will be higher. They mi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stories of turning a few thousands into millions by trading stocks real? ### Answer: I did once read a book titled "How I made a million dollars on the stock market". It sounded realistic enough t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there an advantage to a traditional but non-deductable IRA over a taxable account? [duplicate] ### Answer: The simplest answer is that you can convert the IRA to a Roth, and since it was already ta...
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: As per JohnFx's comment above, consider whether it's worth more to you to just write this off. If not, if you feel that your son will be able to consider t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Relation between inflation rates and interest rates ### Answer: Is it true that due the to the increase in interest rates that inflation is likely to increase as well? It is typically the reverse wher...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Need something more basic than a financial advisor or planner ### Answer: What you are looking for is a Money Coach or a Personal Finance Coach. From mymoneycoach.com: "Money Coach: Everyone uses mone...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Opening 5 credit cards at once with no history to ruin, is it a good idea? ### Answer: I would not call this a "good" idea. But I wouldn't necessarily call it a bad idea either. Before you even consid...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the differences between an investment mortgage and a personal mortgage? ### Answer: If you are going to live in the house for awhile, you can probably use a regular mortgage. Shop around and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying International Stock ### Answer: For example, if the Dow, S&P 500, NASDAQ are all down does that necessarily mean the Canadian stock will get negatively impacted? Or is it primarily impacted by ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does buying and selling a stock OR holding onto it make a company look better? ### Answer: Not sure I fully understand your question but my take on it is this: There a lot of people out there that adm...
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: The answer depends entirely on your mortgage terms - is the interest rate low, how many years left? Questions like this are about...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can the Securities Investor Protection Corporation (SIPC) itself go bankrupt? ### Answer: SIPC is a corporation - a legal entity separate from its owners. In the case of SIPC, it is funded through the...
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: Why won't anyone just answer the original question? The question was not about opportunity cost or flexibility or family expenses. There are no r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What dictates the costs of creating an options contract? (Commissions breakdown) ### Answer: I'm not positive my answer is complete, but from information on my broker's website, the following fees app...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: BATS/Chi-X Europe Smart Order routing ### Answer: It is explained on their website. Just look for the word "routing" on the Features page: Choose Your Venues Liquidity Pools Group 1: Bats Europe Grou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Gigantic point amount on rewards card - what are potential consequences? ### Answer: What would be the consequences if they do realize their error some day in the far future? You've informed them of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any downside to using temporary credit card numbers with subscription services? ### Answer: If you've agreed to pay the money, then you owe them whether they have a valid credit card number o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When to use geometric vs. arithmetic mean? Why is the former better for percentages? ### Answer: Simple. Say in 2012 you were up 50% (brilliant) but then in 2013 you were down 50% (sorry). i.e. if yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I find an ideal single fund to invest all my money in? ### Answer: Though a fan of ETFs (esp. high volume commission-free ones) recently a single, new fund VQT appeared on my radar of interest....
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: Stock price is an indicator about the health of the company. Increased profits (for example) will drive the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I figure out when I'll be able to write call options of a stock? ### Answer: Call the CBOE, the Chicago Board of Options Exchange I've requested options on several IPOs in the past. You mainly...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Transferring money from 403B to 401K? ### Answer: You can move money from a 403b to a 401k plan, but the question you should ask yourself is whether it is a wise decision. Unless there are specific re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why I cannot find a “Pure Cash” option in 401k investments? ### Answer: My 401k allows cash holdings to 100% if desired. I'm not sure why some won't, they are making money on your money after all. If ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Allocation between 401K/retirement accounts and taxable investments, as a young adult? ### Answer: First off, great job on your finances so far. You are off on the right foot and have some sense of pl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I tell if this internet sales manager is telling me the real “true cost” of a new car to the dealer ### Answer: I don't buy new cars anymore, but I've helped family members negotiate prices on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I pay a zero % loan before another to clear both loans faster? ### Answer: See many past answers: you will usually save the most money by paying off the highest-intetest-rate loan first. (Remember ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Online sites for real time bond prices ### Answer: Bonds are extremely illiquid and have traditionally traded in bulk. This has changed in recent years, but bonds used to be traded all by humans not ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are lottery tickets ever a wise investment provided the jackpot is large enough? ### Answer: Firstly, playing the lottery is not investing it is gambling. The odds in gambling are always against you a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I determine if a FHA loan refinance offer is from a reputable lender ### Answer: In my book if it comes in the mail with official looking envelopes, language and seals to try and get you to op...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: (Theoretical) Paying credit cards with other credit cards ### Answer: If you had a CC issuer that allowed you to do bill-pay this way, I suspect the payment would be considered a cash advance that wil...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a company select a particular price for its shares? ### Answer: First, keep in mind that there are generally 2 ways to buy a corporation's shares: You can buy a share directly from the corpor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can you possibly lose on investments in stocks? ### Answer: For whatever it's worth. Judging from the comments in the other answers, I think everyone is addressing your question, "How can you pos...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First time investor and online brokerage accounts ### Answer: Most mutual funds are designed to make the investment banks that sell them money, not to make investers money. They do this by taking sign...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How smart is it to really be 100% debt free? ### Answer: A Simple Rule to discern between good and bad debt: Does this mean you should never buy a house or car? Of course not. But if you accrue bad d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I consolidate loans and cards, or just cards, leaving multiple loans? ### Answer: My answer is similar to Ben Miller's, but let me make some slightly different points: There is one excellent re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where should I park my money if I'm pessimistic about the economy and I think there will be high inflation? ### Answer: The best investment is always in yourself and increasing your usable skills. If ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does inflation mean to me? ### Answer: The general discussion of inflation centers on money as a medium of exchange and a store of value. It is impossible to discuss inflation without considering...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks print their own paper money / bank notes? ### Answer: In the US, this was the case during the 19th century. There was a system of "subscriptions" between banks, where larger banks back...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is gold not a good investment? ### Answer: Gold since the ancient time ( at least when it was founded) has kept its value. for example the french franc currency was considered valuable in the year...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is this mortgage advice good, or is it hooey? ### Answer: Sounds fishy - taking out more debt to pay the main mortgage down faster? There are a couple of issues I can see: I would think that a much mo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to make money from a downward European market? ### Answer: What you do is you create an infomercial where you sell a booklet about junk investments that you are absolutely certian may survive an e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can one go short in Uber? ### Answer: Pay someone a fee to borrow their private Uber shares, then sell those private shares to someone else, then find someone else you can buy their private shares...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Repaying Debt and Saving - Difficult Situation ### Answer: Like everybody else I'm picking up on the school loans - you're mother isn't exactly earning a massive amount of money given her cost of livi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are REIT worth it and is it a good option to generate passive income for a while? ### Answer: In financial markets, the gains you can expect to make (whether in the form of dividends or capital gains)...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stock prices change? [duplicate] ### Answer: As I understand it, a company raises money by sharing parts of it ("ownership") to people who buy stocks from it. It's not "ownership" in quotes, i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I know if a dividend stock is “safe” and not a “dividend yield trap”? ### Answer: Great answers. Here's my two cents: First, don't forget to look at the overall picture, not just the dividend. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stories of turning a few thousands into millions by trading stocks real? ### Answer: If they could really do this, do you really think they would be wasting their time offering this course? You ar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wash sale rule question ### Answer: Yes. On December 10, you have a wash sale. As long as you don't buy the stock back for 30 days after that, the wash is of no consequence. In other words, you don't ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm only spending roughly half of what I earn; should I spend more? ### Answer: Aside from what everyone else has said about your money (saving, investing, etc.), I'd like to comment on what else you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are bonds really a recession proof investment? ### Answer: That depends on how you're investing in them. Trading bonds is (arguably) riskier than trading stocks (because it has a lot of the same risks...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do online repositories of publicly traded companies' financial statements exist? ### Answer: You can use the Securities Exchange Commission's EDGAR search engine to search all available SEC related fi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How smart is it to really be 100% debt free? ### Answer: Debt increases your exposure to risk. What happens if you lose your job, or a major expense comes up and you have to make a hard decision abou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why not pay in full upfront for a car? ### Answer: Possible (unlikely) reasons: But usually, yeah, if you can pay cash, you should. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Moonlighting as a software developer: employee or independent contractor w/ LLC? ### Answer: I've been in a similar situation before. While contracting, sometimes the recruiting agency would allow me ...
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: You're looking at this too rationally. People can not resist eating junk food, especially when they have to sit for 2-3 hou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I pay a zero % loan before another to clear both loans faster? ### Answer: At the moment, you are paying about $1,300 interest each month (£431k @ 3.625% / 12) on your mortgage and repaying capital...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Weekly budgets based on (a variable) monthly budget ### Answer: I think the real problem here is dealing with the variable income. The envelope solution suggests the problem is that your brother doesn...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I transfer my West Australian rock lobster quota units into my SMSF? ### Answer: SMSFs are generally prohibited from acquiring assets from related parties (whether it is purchased by the SMSF or c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would I ever need credit card if my debit card is issued by MasterCard/Visa? ### Answer: The question should be - do you need a debit card? Other than American Express I have to tell my other credit ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: “Convertible -debt/note/bond/debentures” which of these are the same or different? ### Answer: They all basically mean the same thing - a type of debt than can be exchanged for (converted into) equity...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to find SEC filings that are important to stock market ### Answer: 10-Q is the quarterly report, and accordingly is filed quarterly. Similarly, 10-K is the annual report. 8-K is a general form for...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When should you use an actively managed mutual fund in a 401k? ### Answer: By definition, actively managed funds will underperform passive index funds as a whole. Or more specifically: The aggregate p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can an Indian citizen get exposure to global markets? ### Answer: Other than the possibility of minimal entry price being prohibitively high, there's no reason why you couldn't participate in any ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to wait for a market downturn to do a Roth conversion? ### Answer: On average, the market will be down 1 year out of 4. 26 of the last 100 years on the S&P were negative. The Roth convers...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I invest in to hedge against a serious crash or calamity? ### Answer: If you're referring to investment hedging, then you should diversify into things that would profit if expected event h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Canada: New mortgage qualification rules, 2010: Why, what, & when in effect? ### Answer: The new mortgage qualification rules were introduced to cool a hot Canadian housing real estate market. The rul...
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 have won a large amount of money on an online casino. How reputed is the company? Have you done any re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Index funds with dividends? ### Answer: I assume that when you say 'the DOW' that you actually mean the general market. The ticker symbol for the general market is SPY (called a 'Spider'). The ticker...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any banks with a command-line style user interface? ### Answer: I think I get your question, but your wording is throwing a lot of us off. If what you want is a clean, effective and efficien...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth working at home to earn money? Can I earn more money working at home? ### Answer: It completely depends on what type of work you intend to do. Are you intending to run/setup your own busin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where do countries / national governments borrow money from? ### Answer: Depends on the country, whether its a currency issuer with floating exchange rate, and what the debt is denominated in. For ins...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How would IRS treat reimbursement in a later year of moving expenses? ### Answer: I believe moving reimbursement has to be counted as income no matter when you get it. I'd just put it under miscellane...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I know what loan terms I can qualify for? ### Answer: You can find out the most money they will loan you for a car loan when you approach your current bank/credit union. They should be willing ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are real estate prices memory-less? ### Answer: I would argue no. It's easy to correlate home prices based on size, neighborhood, school district, condition and other factors, such as property taxes. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a person not want to purchase a Personal Liability (Umbrella) insurance policy? ### Answer: This article has a section titled "Do you need an umbrella policy to cover your personal liability...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I be worried that I won't be given a receipt if I pay with cash? ### Answer: If this is because he wants to avoid paying taxes, will I get in trouble if I agree to have him work on my vehicle? ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How smart is it to really be 100% debt free? ### Answer: My take is that there are many factors to consider when deciding whether to accelerate payment of a debt beyond the require minimum. Ideally yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stories of turning a few thousands into millions by trading stocks real? ### Answer: Consider this thought experiment: Take 10 million people and give them each $3,000. Every day they each purch...