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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I just file a 1040-ES? ### Answer: Yes, you can send in a 2012 1040-ES form with a check to cover your tax liability. However, you will likely have to pay penalties for not paying tax in timely fa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Small withdrawals from IRA ### Answer: You have several questions in your post so I'll deal with them individually: Is taking small sums from your IRA really that detrimental? I mean as far as tax is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Oversimplify it for me: the correct order of investing ### Answer: Money is a tool. Here is an "oversimplified" order of investments: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Online tools for monitoring my portfolio gains/losses in real time? ### Answer: I use Google Finance too. The only thing I have problem with is dividend info which it wouldn't automatically add to my ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What factors of a stock help determine its potential ### Answer: Knowing the answer to this question is generally not as useful as it may seem. The stock's current price is the consensus of thousands...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Implications of a Canadian company IPO having a dual TSX/NYSE stock listing? ### Answer: Investors who are themselves Canadian and already hold Canadian dollars (CAD) would be more likely to purchase ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Moving savings to Canada? ### Answer: It is absolutely feasible to move your savings into Canada. There are a few ways you can do it. However it is unlikely you will benefit or avoid risk by doing so....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to spend more? (AKA, how to avoid being a miser) ### Answer: Do you plan a monthly budget at the beginning of each month? This might seem counter-intuitive, but hear me out. Doing a budget is, of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying and selling the same stock ### Answer: Unfortunately, we don't know your country, but I'd guess "Not US" with the hint being your use of the word bugger in a comment. Realized profits are taxe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do stock option prices predicate the underlying stock's movement? ### Answer: Options are an indication what a particular segment of the market (those who deal a lot in options) think will happen. (an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I try to hedge my emergency savings against currency and political concerns? ### Answer: First thing is that your English is pretty damn good. You should be proud. There are certainly adult n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does an issue of bonus shares improve shareholder value? ### Answer: It sounds like "bonus shares" are the same as a stock dividend. Stock dividends are equivalent to a stock split except for accounti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: renter's insurance for causing property damage ### Answer: Renters' Insurance should also have some level of liability coverage. I.e.: if you caused a flooding because you went on and broke the pipe, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a failed chargeback affect my credit score? ### Answer: If this chargeback failed then would it negatively affect my credit score? A credit score is a measure of how dependable of a borrower you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any catches with interest from banks? Is this interest “too good to be true”? ### Answer: Tax won't be an issue. You have a personal tax free allowance of £7475 this coming year, so your fi...
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: My recommendation is to not ask for a credit increase, but just increase the utilization of one card if you have mult...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is tax loss harvesting helpful for passive investing? ### Answer: I wrote a detailed article on Tax Loss Harvesting to show the impact on returns. For my example, I showed a person in the 15% bra...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why use accounting software like Quickbooks instead of Excel spreadsheets? ### Answer: Here are the few points: Hope that helps, ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Impact of EIN on taxation ### Answer: Your question mixes up different things. Your LLC business type is determined by how you organize your business at the state level. Separately, you can also ele...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What do these options trading terms mean? ### Answer: Can anyone explain what each of them mean and how they're different from each other? When you "buy to open", you are purchasing an option and open...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can another tax loss be used to offset capital gains taxes? How does it work? ### Answer: Capital losses do mirror capital gains within their holding periods. An asset or investment this is certainly ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can a CPA do that an EA cannot, and vice versa? ### Answer: Although they may have some similar functions, CPAs and Enrolled Agents operate in two rather different areas of the accounting "space....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I determine if a debt consolidation offer is real or a scam? ### Answer: I think in such situations a good rule of thumb may be - if you are asked to pay significant sums of money upfront befo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Losing Money with Norbert's Gambit ### Answer: Can someone please clarify if Norbert's gambit is the optimal procedure to exchange CAD to USD? I'm not sure I'd call an arbitrage trade the "optimal pro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can one relatively easily show that low expense ratio funds outperform high expense ratio funds? ### Answer: I hope a wall of text with citations qualifies as "relatively easy." Many of these stud...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I were to get into a life situation where I would not be able to make regular payments, do lenders typically provide options other than default? ### Answer: The answer is generally yes. Depending ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have $100,000 in play money… what to do? ### Answer: For any sort of investment you need to understand your risks first. If you're going to put money into the stock or bond market I would get a hold...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mortgage loan plus home loan ### Answer: You can be a co-borrower on the property that your father owns. Some Banks require that you also be part owner of the property, some banks do not require this....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate money needed for bills, by day ### Answer: If I understand you right, what you need is the minimum amount in the account until your next deposit. So for example, if today is the 10th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the downsides that prevent more people from working in high-income countries, and then retiring in low-income (and cost of living) ones? ### Answer: I should think the primary reason is due w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 5/1 ARM: Lifetime cap, First Adjustment Cap, Margin, and Annual Cap? ### Answer: Interest rates are at a record low and the government is printing money. You can get a fixed rate loan at a rate equal ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people take out life insurance on their children? Should I take out a policy on my child? ### Answer: Sales tactics for permanent insurance policies can get pretty sleazy. Sending home a flier ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Bonus issue - Increasing share capital ### Answer: This is what is called "stock dividend". In essence the company is doing a split, the difference is in financial accounting and shouldn't concern you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any experience with maxing out 401(k)? ### Answer: The answers so far are excellent. I need to respond to your 8-9% withdrawal rate. Uh, wherever you heard that, I'd suggest you listen/read elsewhere....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Fund equalisation / dividend ### Answer: What you are describing is a very specific case of the more general principle of how dividend payments work. Broadly speaking, if you own common shares in a co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a wealthy investor invest in or make a deal with a company before it goes public / IPO? ### Answer: Yes, an investment can be made in a company before IPO. The valuation process is similar as that...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does my car loan interest go up despite making payments on-time? ### Answer: The interest probably accrues daily, regardless of whether your payments are on time. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Getting started in stock with one special field of activity ### Answer: Investing only in one industry may be problematic as it is highly correlated. There are factor outside your (or anyones) knowled...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 1.4 million cash. What do I do? ### Answer: I'm still recommending that you go to a professional. However, I'm going to talk about what you should probably expect the professional to be telling you. T...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some pre-tax programs similar to FSA that I can take advantage of? ### Answer: There is a dependent care spending account for child care related expenses. Also Medical and Dental expenses ove...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a recruiting agency demand information to file an I-9 before I have a job? ### Answer: Unless they're the actual employers, the I-9 is none of their business. Your employer must verify your eligib...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is tax loss harvesting helpful for passive investing? ### Answer: You also may want to consider how this interacts with the stepped up basis of estates. If you never sell the stock and it passes ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mortgage interest income tax deduction during year with a principal residence change ### Answer: Very simple. If it wasn't rented, it's deductible as a schedule A home mortgage interest. If it was ren...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to deal with the credit card debt from family member that has passed away? ### Answer: You also might want to see what sort of documentation the credit card company has. Companies can get pretty l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to take advantage of home appreciation ### Answer: Even selling isn't riskless. Sure, your house has gained value-- but unless that's due to improvements you made to it, every other house in the n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I'm cash-flow negative, should I dollar-cost-average the money from my bonus over the entire year? ### Answer: You will maximize your expected wealth by investing all the money you intend to invest...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there software to buy and sell stocks in real time on very small moves in price? ### Answer: Note that the pros pay for extremely fast access and are literally fighting over nanoseconds to get ever...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The formula equivalent of EBITDA for personal finance? ### Answer: This should not be taken to be financial advice or guidance. My opinions are my own and do not represent professional advice or consu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First job: Renting vs get my parents to buy me a house ### Answer: Having recently been given basically the same question it hinges on a few major factors. What does your apartment provide (e.g. heati...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I use losses from sale of stock to offset capital gains from sale of property ### Answer: Capital losses from the sale of stocks can be used to offset capital gains from the sale of a house, assum...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to find historical stock price for a de-listed or defunct company? ### Answer: Such data is typically only available from paid sources due to the amount of research involved in determining the ide...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I rollover an “individual retirement annuity” to an IRA? ### Answer: Annuities, like life insurance, are sold rather than bought. Once upon a time, IRAs inherited from a non-spouse required the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is company provided health insurance tax free, but individual health insurance is not? ### Answer: During World War II, the United States (US) instituted wage and price controls. To attract bette...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would this FHA refinance cause my mortgage insurance payment to increase so much? ### Answer: If you're refinancing a conforming (Fannie Mae or Freddie Mac) mortgage, don't go with an FHA. Try a H...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What argument(s) support the claim that long-term housing prices trend upward? ### Answer: Several people have mentioned the obvious: inflation. But let's assume we are talking about real (inflation ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Taxation from variations in currency ### Answer: Here is the technical guidance from the accounting standard FRS 23 (IAS 21) 'The Effects of Changes in Foreign Exchange Rates' which states: Exchange d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the preferred way to set up personal finances? ### Answer: The absolute best advice I ever received was this: You will need three categories of savings in your life: 1) Retirement Savings Th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you translate a per year salary into a part-time per hour job? ### Answer: Rule of thumb: Double your hourly rate to get a yearly salary (in thousands). Halve your yearly salary to get your hou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are proceeds from writing covered calls taxed? ### Answer: The tax comes when you close the position. If the option expires worthless it's as if you bought it back for $0. There's a short-term cap...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to get started with the stock market? [duplicate] ### Answer: There's several approaches to the stock market. The first thing you need to do is decide which you're going to take. The first is the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Comparison between buying a stock and selling a naked put ### Answer: I sell a put for a strike price at the market. The stock rises $50 over the next couple months. I've gotten the premium, but lost ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which kind of investment seems feasible to have more cashflow every week or month? ### Answer: I'll mirror what the others have said in that your expectations for returns are wildly out of line with r...
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: You can invest upto $200K per year abroad, and yes, you can buy Google as a stock. Consider opening an international account with ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to share income after marriage and kids? ### Answer: You remind me a lot of myself as I was thinking about marriage. Luckily for me, my wife was much smarter about all this than I was. Hopefully, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference between TaxAct and TurboTax? ### Answer: I typed my information into both last year, and while they were not exactly the same, they were within $10 of each other. For my simple 2...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax Efficiency with Index Investing ### Answer: Your tax efficient reasoning is solid for where you want to distribute your assets. ETFs are often more tax efficient than their equivalent mutual funds...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the stock market price for a share always higher than the earnings per share? ### Answer: Earnings per share are not directly correlated to share price. NV Energy, the company you cited as an e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Recourse with Credit Card company after victimized by fraud? ### Answer: I agree that you shouldn't give up trying to get your money back, but I strongly feel that this is not sufficient. If they are ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How common are stock/scrip dividends (as opposed to cash dividends) in US equity markets? ### Answer: There's not usually a point to issuing new stock as a dividend, because if you issue new stock, it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Interactive Brokers: IOPTS and list of structured products ### Answer: I think an IOPT is a Dutch warrant. Someone else might understand what this is. ###end
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: I would start with The Intelligent Investor. It's more approachable than Security Analysis. I r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can expenses for attending stockholders meetings be deducted in U.S. income taxes? ### Answer: Nope, not deductible. It's true that some investment expenses are deductible, mainly as "miscellaneous it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I get a list of the top performing funds between two given dates? ### Answer: I found one such tool here: Point-to-Point Returns tool ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I earn $75K, have $30K in savings, no debt, rent from my parents who are losing their home. Should I buy a home now or save? ### Answer: You earn $75,000 yearly and saved $30,000 while living at home,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Retirement savings vs building lucrative assets ### Answer: Well... (in the US, at least) "making investments and building assets" is how you save for retirement. The investments just happen to be in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why invest in IRA while a low-cost index fund is much simpler? ### Answer: Whoa. These things are on two dimensions. It's like burger and fries, you can also have chicken sandwich and fries, or burge...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Family suggests my first real estate. Advice? ### Answer: You say My work is steady; even if I lost my job it'd be easy to get another. Location has been static for a few years now, but I'm not sure ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to my savings if my country defaults or restructures its debt? ### Answer: I am going to add in an opinion here from the Wall Street Journal that I read this morning in What's at Stake in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mailed in One-time Payment by Check ### Answer: I do know that a blank check has all the information they need for the electronic transfer. They probably add it as a customer service to streamline fut...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In Canada, can a limited corporation be used as an income tax shelter? ### Answer: Revenue Canada allows for some amount of tax deferral via several methods. The point is that none of them allow you t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: can the government or debt collectors garnish money from any bank account to which the debtor has access? ### Answer: I would call the bank and ask how the person is on the account. If they are an o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens if my order exceeds the bid or ask sizes? ### Answer: Sure. Depending on how you configure your order, it will either be fulfilled partially or wait until it can be fulfilled. You can set...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay half a large balance this month before I get my CC statement? ### Answer: This can make a difference of a few points. When your balance is reported on a monthly basis to the bureaus that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is buying a lottery ticket considered an investment? ### Answer: logically, yes. legally, no. any reasonable definition of an "investment" must include some types of gambling and insurance. lottery ti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to understand a volatility based ETF like VXX ### Answer: The VIX is a mathematical aggregate of the implied volatilities of the S&P 500 Index components. It itself cannot be traded as there curre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should the bank cover money lost due to an unsuccessful transfer? ### Answer: Since the transaction was not your bank's mistake (but a decision by the Indian government) why should your bank bear the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does investing more money into stocks increase chances of profit? ### Answer: Have a read of this PF&M article, which @Blackjack has an excellent answer that speaks around risk. Answers which suggest ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Over how much time should I dollar-cost-average my bonus from cash into mutual funds? ### Answer: I'm staring at this chart and asking myself, How long a period is enough to have an average I'd be hap...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some time tested passive income streams? ### Answer: Any kind of savings account is a passive income stream. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What type of pension should I get? ### Answer: If your new employer has a Final Salary or defined benefit type pension scheme, join it. DB plans are attractive because they are often less a risk for t...
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 in the mortgage business for nearly 15 years. Your question is sort of multi-faceted and I’m ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a financial security? ### Answer: First, realize that Wikipedia is written by individuals, just like this board has thousands of members. The two definition were written and edited by differen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Determining amount of inflation between two dates ### Answer: You want percent change between the two numbers listed under whatever heading you'll be using in the CPI. As an example, you'd probably wa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should a high-school student invest their (relative meager) savings? ### Answer: You have a few correlated questions here: Yes you can. There are only a few investment strategies that require a minim...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why charge gross receipts taxes to the customer? ### Answer: It sounds like "gross receipt tax" is essentially the same thing most states call "sales tax", which is always handled this way -- prices d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Find out the difference between two stocks of the same company (how to identify ADRs, etc) ### Answer: Generally, when I run across this kind of situation, I look for the Investor Relations section of...
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: First of all, a person that relies on their ability to tap a line of credit to cover an emergency isn't generally the kind of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay cash or prefer a 0% interest loan for home furnishings? ### Answer: A friend recently bought an 800€ TV on 0% financing. Sounded like a sensible thing to do. Why pay 800 when you can pay ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Have my parents been bilked? If so, what to do? ### Answer: If they made deposits 20 years ago, and none since, the S&P is up over 300% since then. i.e. a return of $40,000 on $10,000 invested. We wou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock doesn't pay dividends, then why is the stock worth anything? ### Answer: Stephen's answer is the 100% correct one made with the common Economics assumption, that people are rational. A comp...