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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What steps should be taken, if any, when you find out your home's market value is underwater, i.e. worth less than the mortgage owed? ### Answer: Do you still enjoy living in your home? Can you afford...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: New car price was negotiated as a “cash deal”. Will the price change if I finance instead? ### Answer: So there are a few angles to this. The previous answers are correct in saying that cash is dif...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I make over 120k a year, what are my options for retirement plans? ### Answer: First off, high five on the paycheck. There are a few retirement issues to deal with. 401k issues - At that income le...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do with a distribution as a young person? ### Answer: I highly recommend passive investing through something like betterment (www.betterment.com) or vanguard's ETFs. FutureAdvisor.com can pro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are investment options for young married couple with no debt that have maxed out retirement savings? ### Answer: Paying the mortgage down is no different than investing in a long term taxable fix...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which types of insurances do I need to buy? ### Answer: Evaluate if the Rs 5 million term insurance is sufficient. Typically the term insurance provided by employer is in the range of 1 to 3 times the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How come we can find stocks with a Price-to-Book ratio less than 1? ### Answer: The VDE fund is an energy fund so this is a function of recent price changes in oil (and gas, coal, &c). For example. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I use investments to lower my taxes [US]? ### Answer: Not exactly. There are a few ways to manage your taxes with investments. 1) For most investments you get taxed on any gain in value in the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to decide on limits when purchasing/selling stocks? ### Answer: You said your strategy was to put it into a index fund. But then you asked about setting stock limits. I'm confused. Funds usual...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What items are exempt from the VAT? [U.K.] ### Answer: Some items are VAT Exempt or Reduced, but in short you will pay it on almost any all consumer goods. Assuming you are a visitor to the UK from a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to avoid getting back into debt? ### Answer: The essential (and obvious) thing to avoid getting back into debt (or to reduce debt if you have it) is to make your total income exceed your total exp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are some countries' currencies “weaker”? ### Answer: 1:30 is not stronger than 1:79. These are just numbers. Trading 1:120 in 2008 and 1:79 now vs. trading 1:31 in 2008 vs 1:30 now is much better ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which set of earnings is used to work out the P/E of a stock ### Answer: @jlowin's answer has a very good discussion of the types of PE ratio so I will just answer a very specific question from within...
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: Invest in other currencies and assets that have "real" value. And personally I don't count gold as something of real value. O...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy index mutual fund or build my own? ### Answer: Go with a Vanguard ETF. I had a lengthy discussion with a successful broker who runs a firm in Chicago. He boiled all of finance down to Vanguard ET...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will my Indian debit card work in the U.S.? ### Answer: Whether your card will work, I believe, depends on the institution that issued it. You'll just have to try. What I can tell you, is that the pro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My landlord is being foreclosed on. Should I confront him? ### Answer: I wouldn't confront him. It's really none of your business what he has done or not done with your money as long as you've been a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the real risks in “bio-technology” companies? ### Answer: The risk is that everything could go wrong in any phase at any time or they could run out of cash and go bankrupt waiting for results...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay off car loan entirely or leave $1 until the end of the loan period? ### Answer: If I were you, I would pay off the car loan today. You already have an excellent credit score. Practically speaking...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What kind of life insurance is cheaper? I'm not sure about term vs. whole vs. universal, etc ### Answer: Term is the way to go. Whole/universal are basically a combo of term and savings, so buy term l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why will the bank only loan us 80% of the value of our fully paid for home? ### Answer: To supplement existing answers: the appraised value does not necessarily represent the net amount the bank could...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are “headwinds” and “tailwinds” in financial investments? ### Answer: Headwinds in an economic situation represent events or conditions e.g. a credit crisis, rising costs, natural disasters, etc,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What causes a stock to drop in price? ### Answer: A rising tide lifts all ships Most (but not all) stocks trend along with the general market. Some trend right along with the market (and have a beta...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How and Should I Invest (As a college 18 year old with minimal living expenses)? ### Answer: I'd suggest you keep putting money in your savings account and start investing after you land that first bi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Explain: “3% annual cost of renting is less than the 9% annual cost of owning” ### Answer: The 3% and 9% figures are based on the cost of borrowing money and all the other ownership costs associated w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What actions should I be taking to establish good credit scores for my children? ### Answer: Until they're old enough to be legally responsible for their own credit, the only thing you can really do i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tenant wants to pay rent with EFT ### Answer: What you've described is the norm in Australia, where it's rare for anyone under sixty to use cheques. Assuming they're transferring the funds using inter...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I stockpile nickels? ### Answer: You would have to collect an awful lot to make it profitable. The melting process alone will cost an arm and a leg. Go silver hunting with rolls of Half dollars...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where do traders take their prices data from? How can it be different from their brokers'? ### Answer: This is a complicated subject, because professional traders don't rely on brokers for stock quote...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I adjust to a new social class? ### Answer: The prices reflect what the market will bear. People have more money, things will likely cost more. Think of it in terms of percentages and you can...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Money transfer to the U.K ### Answer: I've been using xetrade for quite awhile, also used nzforex (associated with ozforex / canadian forex, probably ukforex as well) -- xetrade has slightly better ra...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Understanding highly compensated employees within 401ks ### Answer: There are some nuances with HCE definition. To answer your questions. It's compensation as defined by the plan. Usually it's gross c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: GnuCash: expense tracking/amounts left under limits ### Answer: Yes. The simplest option to track your spending over time is to familiarize yourself with the "Reports" menu on the toolbar. Take a lo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How would I use Google Finance to find financial data about LinkedIn & its stock? ### Answer: It's been traded publicly for only about a month. I wouldn't put much credence in a P/E ratio just yet be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wage earners of age ≥ 60 with dependents: What Life Insurance, if any, should they buy? ### Answer: Without knowing the WSC's objectives, priorities of those objectives and affordability we cannot det...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I put a large down payment (over 50%) towards a car loan, can I reduce my interest rate and is it smart to even put that much down? ### Answer: The real answer is to talk to the bank. In the case o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are these really bond yields? ### Answer: that would imply that a 30Y US Treasury bond only yields 2.78%, which is nonsensically low. Those are annualized yields. It would be more precise to say that...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: how does one see the CBOE VIX index on Google Finance? ### Answer: You can pull up the VIX index on Google Finance by entering INDEXCBOE:VIX ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off my student loan before buying a house? ### Answer: There may be specific answers that can be determined based on the interest rates, amounts, tax provisions, etc. But I'm here to tell...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there statistics showing percentage of online brokerage customers that are actually making a profit trading forex/futures/options? ### Answer: Finding statistics is exceedingly hard, because the m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What steps should be taken, if any, when you find out your home's market value is underwater, i.e. worth less than the mortgage owed? ### Answer: That's easy, keep making the payments and go on with l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a straddle? ### Answer: A straddle is an options strategy in which one "buys" or "sells" options of the same maturity (expiry date) that allow the "buyer" or "seller" to profit based on how mu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to understand expenses matter relative to investment type for mutual funds? ### Answer: The net return reported to you (as a percentage) by a mutual fund is the gross return minus the expense rati...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Auto loan: must make X payments before payoff ### Answer: Paperwork prevails. What you have is a dealer who get a kickback for sending financing to that institution. And the dealer pretty much said "...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax treatment of renovation costs and mortgage interest on a second house ### Answer: Should I treat this house as a second home or a rental property on my 2015 taxes? If it was not rented out or avai...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Personal finance software for Mac that can track stocks and mutual funds? (Even manual updating of share prices will do.) ### Answer: Quicken for Mac will track stocks and mutual funds and allows you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are interest rates on saving accounts so low in USA and Europe? ### Answer: The short answer is that banking is complicated, but the bank really doesn't need your money because it can get it from ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does HMRC (the UK tax agency) view as valid expenses for travel? ### Answer: Food is almost never a valid expense. Reason for it is simple - if you were not conducting business you would have to ...
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: 4000 miles a year is not a few! European average is about 9000... But nevertheless... But when it comes to risk...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does short selling require borrowing? ### Answer: Concerning the general problem of short selling and the need to borrow shares to complete the transaction : Selling short is a cash transaction. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the correct term to describe (shares owned * share value)? ### Answer: This is typically referred to as the "market value" of your holdings--it is the revenue you would generate if you sold yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are variable rate loans ever a good idea? ### Answer: I have an example that may be interesting for your question. My grandfather had a tennis club around 35 years ago, and some other businesses. Some...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can foreign investor (residing outside US) invest in US company stocks? ### Answer: As other people have said they should register with a broker in the country they reside in that can deal in US s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I have all this stock just sitting there, how can I lend it out to people for short selling? ### Answer: Lending of securities is done by institutional investors and mutual funds. The costs of deal...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strategies for saving and investing in multiple foreign currencies ### Answer: Evaluating the value of currencies is always difficult because you are usually at the mercy of a central bank that can pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to automate the tracking of ratios and other values for a set of stocks or ETFs? ### Answer: Spreadsheets need not be static, they can pull data from the web. This article describes the method yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I look at before investing in a start-up? ### Answer: Turukawa's answer is quite good, and for your own specific situation, you might begin by being sceptical about what you are getting fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: High-risk investing is better for the young? Why? ### Answer: There's two reasons. One is that you have a longer time horizon, other answers cover that. The second is that for someone who is younger, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does freedom to provide services allow me contracting in Germany without paying taxes there (but in my home EU country)? ### Answer: You're free to provide services, but if you stay in one country for...
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: If you are planning this as a tax avoidance scheme, well it is not. The gains will b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a company with a bad balance sheet be paying dividends? ### Answer: Ford paid off a tremendous amount of debt prior to reinstating the dividend. While they still have a sizable amount of deb...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Scammer wants details and credentials for my empty & unused bank account. What could go wrong? ### Answer: First off, do not ever tell someone your password. Nobody who actually works for the bank wou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does it work when the same ETF is listed on several stock exchanges? ### Answer: If I buy VUSA from one exchange, can I sell it in a different exchange, assuming my brokerage account lets me trade...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I find a company's P/E ratio based on its given EPS and the P/E ratios of other companies? ### Answer: Here is how I would approach that problem: 1) Find the average ratios of the competitors:...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I overpay to end a fixed-rate mortgage early? [duplicate] ### Answer: I would strongly encourage you to either find specifically where in your written contract the handling of early/over paymen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do used vehicle exchange programs at car dealerships work? ### Answer: You are correct to be wary. Car dealerships make money selling cars, and use many tactics and advertisements to entice you to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A stop order won't be automatically fired in after-hours trading? ### Answer: Stop orders and stop limit orders typically do not execute during extended hours after the general market session has clos...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are long-term bonds risky assets? ### Answer: Long-term bonds -- any bonds, really -- can be risky for two main reasons: return on principal, or return of principal. The former is a problem if inter...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What rules govern when a new option series is issued? ### Answer: Without researching the securities in question I couldn't tell you which cycle each is in, but your answer is that they have different...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a legal deadline for when your bank/brokerage has to send your tax forms to you? ### Answer: Many of the custodians (ie. Schwab) file for an extension on 1099s. They file for an extension as...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the easiest way to back-test index funds and ETFs? ### Answer: I'd start with a Google search for "best backtesting tools." Does your online brokerage offer anything? You already understand th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do budgeting % breakdowns apply globally? ### Answer: The exact percentages depend on many things, not just location. For example, everyone needs food. If you have a low income, the percentage of you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do property taxes get deducted 100% from the Annual Tax Return or only a fraction of them? ### Answer: Any deductable expense will reduce your taxable income not your tax payable. Your Example 1 above...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to buy stock as a gift for a minor without involving the guardians? ### Answer: You should talk to a lawyer. One solution I can think of is using a trust. Keep in mind that that may com...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do most banks in Canada charge monthly fee? ### Answer: Lending isn't profitable when interest rates are this low. Consider what's involved to offer a savings or checking account. The bank must ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why divide by ask rate to get the spread? ### Answer: Mathematically it's arbitrary - you could just as easily use the bid or the midpoint as the denominator, so long as you're consistent when compari...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: IS it the wrong time to get into the equity market immediately after large gains? ### Answer: If your gut told you to buy during the depths of '09, your gut might be well-calibrated. The problem is st...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth buying real estate just to safely invest money? ### Answer: There are two parts to this. Firstly, if you are also living in the property you have bought, then you should not consider it to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there online brokers in the UK which don't require margin account? ### Answer: Disclosure: I am working for an aggregation startup business called Brokerchooser, that is matching the needs of clie...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Roth vs. Whole Insurance vs. Cash ### Answer: Cash/CD's for a house downpayment = Good. Resist the urge to invest this money unless you're not planning on the house for at least 5 years. Roth IRA - Go...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any drawback in putting all my 401K into a money market fund? ### Answer: Yes. There are huge disadvantages to saving money in a money market account. Money market account can be a good plac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is leveraging notoriety to raise stock prices illegal in the US? ### Answer: pump and dump is a common Illegal practice of boiler room operations. It refers to the talking a stock up, both through wor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At tax time, what is the proper way to report cryptocurrency earnings and fiat income when you've started with “nothing”? ### Answer: In 2014 the IRS announced that it published guidance in Notice 201...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the stock market, why is the “open” price value never the same as previous day's “close”? ### Answer: It's almost like why don't you wake up in the morning feeling exactly like you slept the earlie...
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: An Xbox currently sells for $200 but you don't have the money right now to buy it. You think the price of the xbox is g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does refinancing work? ### Answer: You owe $20,000 to a loanshark, 1% per week interest. I'm happy to get 1% per month, and trust you to pay it back, so I lend you the $20,000. The first lender ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stocks in India, what is the best way to get money to US ### Answer: From India Point of view; someone may put the US point of view ... As an NRI you are not supposed to hold an Ordinary Demat Account...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax benefits of recycling ### Answer: If a business incurs expenses in the process of its trading, generally those expenses are deductible. Disposing of waste is generally held to be a deductible expe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would you elect to apply a refund to next year's tax bill? ### Answer: There actually are legitimate reasons, but they don't apply to most people. Here are a few that I know of: You're self-emplo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying Fixed Deposit in India from Europe ### Answer: About the inflation or low interest rates in both the countries is out of the equation especially since rupee is always a low currency compared to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is stock dilution legal? ### Answer: Stock dilution is legal because, in theory, the issuance of new shares shouldn't affect actual shareholder value. The other answers have explained fairly well ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Fractional Reserve Banking and Insolvency ### Answer: You bet if it was so simple. This is when financial acumen comes into its true form. The bank would never ever want to go insolvent. What it does ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some ways to mitigate the risks of covered calls? ### Answer: Two ways to mitigate this risk are to buy a put at a lower premium to the written call, or manage your trade by buying back your ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What price can *I* buy IPO shares for? ### Answer: It depends a large part on your broker's relationship with the issuing bank how early you can participate in the IPO round. But the nature of the sto...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How long to wait after getting a mortgage to increase my credit limit? ### Answer: I'm not sure what raising your credit limit would do to your score in the short term. I don't think it's a clear win...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Am I “cheating the system” by opening up a tiny account with a credit union and then immediately applying for a huge loan? ### Answer: Credit unions require you to open an account because of their his...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a company's assets are worth more than its market cap, can one say the shares must be undervalued? ### Answer: You haven't mentioned how much debt your example company has. Rarely does a company no...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stock purchases on NASDAQ trackable to personal information? ### Answer: In the United States, when key people in a company buy or sell shares there are reporting requirements. The definition of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you choose which mortgage structure is appropriate when buying a home? ### Answer: There are several factors that you need to consider: If you have already decided on the house. Did you prequa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to invest with a low net worth ### Answer: You might want to consider 'investing' a portion of that money into educating yourself. The payoff might not be as immediately obvious or gratifying but ...