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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does cash ISA & share ISA mix together ### Answer: There are two different types of ISA; the "Cash ISA" for cash savings, and the "Stocks and Shares ISA" for stock market investing. You can trans...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are personal finance / money management classes taught in high school, anywhere? ### Answer: Did a little bit of digging, and found this article, from Staples High School in Westport, Connecticut. Ho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wash sales and year end tax implications ### Answer: Yes, the net effect is zero. If you own zero shares by Nov 30, for example, and don't buy any more shares by 12/31, the year is done, and nothing l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the best use for this money? Its only a small amount but can make a big difference to me ### Answer: First and foremost, it's about changing habits. It seems like you've learned a painful less...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why companies appear in several stock exchanges? ### Answer: The case you are looking at is rather special, because the Chinese government for the longest time did not allow foreigners to invest in Ch...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trouble sticking to a budget when using credit cards for day to day transactions? ### Answer: If you keep going over budget with your credit card, then stop using the credit card. If you plan to pay o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best way to make most of savings with ISA and Offset mortgage ### Answer: I am not a Financial Advisor, but I an tell you what I did in exactly this situation - which is pretty much what you are propo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I account for start-up costs that occur before incorporation? ### Answer: Yes you can. You should talk to your tax advisor re the specific expenditures that can be accounted as startup-costs (lega...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best, low risk investment I can make now? ### Answer: First of all, bear in mind that there's no such thing as a risk-free investment. If you keep your money in the bank, you'll struggle t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to invest in gold at market value, i.e. without paying a markup? ### Answer: ETF's are great products for investing in GOLD. Depending on where you are there are also leveraged products such as CF...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I begin investing real money as a student? ### Answer: I like your enthusiasm and initiative. However, there are a few things you need to consider that you haven't yet thought about. First,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the disadvantages to borrowing money for energy conservation measures / solar panels? ### Answer: Depending on the details of your solar panel setup, the monthly savings may change depending ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying puts without owning underlying ### Answer: In the money puts and calls are subject to automatic execution at expiration. Each broker has its own rules and process for this. For example, I am l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I investigate historical effect of Rebalancing on Return and Standard Deviation? ### Answer: Doesn't "no rebalancing" mean "start with a portfolio and let it fly?" Seems like incorporation of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to see option prices from the past? ### Answer: Yes, past option prices are available for many options, but as far as I know not for free. You can get them from, for example, OptionMet...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much money do I need to have saved up for retirement? ### Answer: One opinion related to savings is to save 30% of your take home salary every month, split the amount into two parts depending on y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Separating money in bank account without opening another account ### Answer: There are some banks that offer "pot" accounts like this (off the top of my head I think Intelligent Finance does, although...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I made an investment with a company that contacted me, was it safe? ### Answer: It is a Scam. Don't invest more money here. Their website is the proof. Investments may appreciate or depreciate and you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Purpose of having good credit when you are well-off? ### Answer: Credit scores, or at least components of them, can sometimes factor into how much you pay for car insurance. Source: Consumer Reports: ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What kinds of exchange-traded funds (ETFs) should specifically be avoided? ### Answer: One of the key things to look for is trading volume. I think the price spread will be better on high volume ETFs...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does this statement regarding put options mean? ### Answer: fennec has a very good answer but i feel it provides too much information. So i'll just try to explain what that sentence says. Put opt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wash Sales and Day Trading ### Answer: Yes, an overall $500 loss on the stock can be claimed. Since the day trader sold both lots she acquired, the Wash Sale rule has no net impact on her taxes. The W...
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: This question feels like an EL&U question to me, and so I will treat it as one. Investment, noun form of to invest, originally from the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In a house with shared ownership, if one person moves out and the other assumes mortgage, how do we determine who owns what share in the end? ### Answer: Let's look at the logical extreme. Two people ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: JCI headache part 2: How to calculate cost basis / tax consequences of JCI -> ADNT spinoff? ### Answer: I am using the same logic as the two answers above. I got almost the same result ($46.60 instead...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some good ways to control costs for groceries? ### Answer: You may use an app called Flipp (or one that serves your area) to check fliers while in the store. If your preferred store has a pri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it ok to use a check without a pre-printed check number? ### Answer: They are valid checks, but you're going to get hassled when you try to use them. There's a perception that people using starter ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it acceptable to receive payment from U.S. in Indian saving bank account via PayPal? ### Answer: It is fine to receive payments into Indian Savings Bank account. There are no restriction on deposit...
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: Interactive Brokers advertises the percent of profita...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I avoid international wire fees or currency transfer fees? ### Answer: Depending on your income/savings level and who you work for (if you work for a big company check with an HSBC Premier adv...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a bank take a lower all cash offer versus a higher offer via conventional lending? ### Answer: Also keep in mind that with an all-cash offer, they get their money now and not spread over X-m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I make additional payments on a FHA loan, or save up for a refinance? ### Answer: You would have to do the specific math with your specific situation to be certain, but - generally speaking it ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Distribution rules LLC vs. S-Corp ### Answer: It's actually the other way around. Distributions in an LLC are usually based on each member's equity share, although the operating agreement can specif...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who sets the price and provides the quoted price values for stocks? ### Answer: The "price" is the price of the last transaction that actually took place. According to Motley Fool wiki: A stock price ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why buy insurance? ### Answer: The definition of insurance is the transfer of risk. Thus, you're paying for transferring of a risk (of an item/property) to the insurer (carrier), so that they bear the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Income tax laibility in India for Stock traded in USA as a resident Indian ### Answer: my tax liabilities in India on my stock profit in US You would need to pay tax on the profit in India as well af...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to send money across borders physically and inexpensively, but not via cash? ### Answer: There are checks, international wire transfers (SWIFT), depending on country pair remittance services. ###e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can my employer limit my maximum 401k contribution amount (below the IRS limit)? ### Answer: YMMV, but I don't accept non-answers like that from HR. Sometimes you need to escalate. Usually when I get...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Market Hours and Valuations ### Answer: Stock values are generally reflective of a company's overall potential; and to some extent investor confidence in the prospect of a continued growth of that pot...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First concrete steps for retirement planning when one partner is resistant ### Answer: Bringing your spouse on board a financial plan is key to success. The biggest part is to have a shared dream. H...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Going long vs short, mechanisms involved ### Answer: My instinct says that there should be no difference. Your instincts are right. Your understanding of math is not so much. You sold $100K at the cur...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does a contract's worth mean? ### Answer: The amount stated is the total amount of money the customer will be paying to the company. How much profit that will translate into is dependent on the t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Company wants to sell all of its assets, worth more than share price? ### Answer: The stock exchange here serves as a meeting place for current shareholders who want to sell their shares to someone el...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some sources of information on dividend schedules and amounts? ### Answer: I have 3 favorite sites that I use. http://www.nasdaq.com/symbol/mcd/dividend-history - lists the entire history of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to send money across borders physically and inexpensively, but not via cash? ### Answer: Traveller's cheques. That's exactly what they were intended for. Their usage has dropped a lot since everyo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to convince someone they're too risk averse or conservative with investments? ### Answer: I feel these beliefs can not be changed so easily. Once someone loses their money, how can you convince hi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dad paid cash for house and we want to put it in my name ### Answer: If your parents are not on the deed then I am not sure how it could be their house. It seems like the sale was done unofficially. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Exercise an out of the money option ### Answer: It is possible to exercise an out of the money option contract. Reasons to do this: You want a large stake of voting shares at any price without moving ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options “Collar” strategy vs regular Profit/Loss stops ### Answer: consider capital requirements and risk timeframes. With options, the capital requirements are far smaller than owning the underlying ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Full-time work + running small side business: Best business structure for taxes? ### Answer: You should look into an LLC. Its a fairly simple process, and the income simply flows through to your indi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any regulations regards end of loan payment procedures? ### Answer: There are federal regulations that state that: As a result it can be assumed that when a loan is paid off, notification sh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a benefit, long term, to life insurance for a youngish, debt, and dependent free person? ### Answer: Careful with saying "no need". Look careful at the cost of life insurance. That cost depe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What options do I have at 26 years old, with 1.2 million USD? ### Answer: Others have given a lot of advice about how to invest, but as a former expat I wanted to throw this in: US citizens living an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any funds tracking INDEXDJX:REIT? ### Answer: Although you can't invest in an index, you can invest in a fund that basically invests in what the index is made up of. Example: In dealing with...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Selling put and call Loss Scenario Examples ### Answer: The question you are asking concerns the exercise of a short option position. The other replies do not appear to address this situation. Suppos...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any issues with registering an LLC in a foreign state? ### Answer: This is an older question but I thought I'd give the correct response for anyone else that might look. Yes there definitely...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Employer 401K thru Fidelity - Investment options ### Answer: The best predictor of mutual fund performance is low expense ratio, as reported by Morningstar despite the fact that it produces the star r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to read a mutual fund spec sheet? ### Answer: The 0.14% is coming out of the assets of the fund itself. The expense ratio can be broken down so that on any given day, a portion of the fund's asset...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a general guideline for what percentage of a portfolio should be in gold? ### Answer: The "conventional wisdom" is that you should have about 5% of your portfolio in gold. But that's an AVERA...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Benjamin Graham: Minimum Size of the company ### Answer: Benjamin Grahams strategy was to invest in REALLY SAFE stocks. In his time lean businesses weren't as common as they are now and he found many ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a bunch of wealthy people force Facebook to go public? ### Answer: In the US, a private company with less than 500 owners can dictate who can or can't become a shareholder (this is true in general...
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: I haven't had a credit card in fifteen years. I use nothing but my debit card. (I find the whole idea of credit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to pay bills for one month while waiting for new job? ### Answer: The first thing I would try is to take out a loan from a local credit union. If you don't know of any that you're eligible for, st...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are wash sale rules different for stocks and ETFs / Mutual Funds? ### Answer: The IRS rules are actually the same. 26 U.S. Code § 1091 - Loss from wash sales of stock or securities In the case of a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would you sell your bonds? ### Answer: You sell any investment because you need to do something else with the money -- rebalance your investments, buy something, pay off a debt.... ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should one invest in smaller valued shares in higher amounts, or higher valued shares in smaller amounts? ### Answer: Short answer: No, it only matters if you want to use covered calls strategies. The...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy a house or am I making silly assumptions that I can afford it? ### Answer: Having convinced myself that there is no point of paying someone's else mortgage Somewhat rhetorical this many...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I use stop limit orders on vanguard orders to prevent loss? ### Answer: You've laid out a strategy for deciding that the top of the market has passed and then realizing some gains before the marke...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I lose more on Forex than I deposit? ### Answer: Contrary to what other people said I believe that even without leverage you can lose more that you invest when you short a FX. Why? because the amo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does Vanguard grant admiral shares only on a per-account basis? ### Answer: Yes, each of Vanguard's mutual funds looks only at its own shares when deciding to upgrade/downgrade the shares to/from Admi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Purchasing first car out of college ### Answer: The .9% looks great, but it's not as relevant as the cost of the car itself. There are those who believe that one should never own a new car, that the f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does the value of an asset (valued in two different currencies) change when the exchange rate changes? ### Answer: It depends on the asset and the magnitude of the exchange rate change relative to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Capital Gains in an S Corp ### Answer: A nondividend distribution is typically a return of capital; in other words, you're getting money back that you've contributed previously (and thus would have be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Short-sell, or try to rent out? ### Answer: A short sale will be pretty bad for your credit report. It will linger for 7 years. This may ruin your opportunity to buy in the new area. On the other han...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Balance sheet, Net Increase ### Answer: The changes to Equity given are: Since the total change is 42,500, the difference would be change in Retained Earnings (net income), so net income is ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I have 10,000 stocks to sell with 23 B market cap ### Answer: First a quick terminology correction: I believe you're proposing selling 10,000 shares of the stock of a company, not "10,000 stocks". ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what interest rate should debt be used as a tool? ### Answer: I don't really see it as worth it at any level because of the risk. If you take $10,000,000 using the ratios you gave making 2% return....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Historical company performance data ### Answer: For free, 5 years is somewhat available, and 10 years is available to a limited extent on money.msn.com. Some are calculated for you. Gurufocus is also ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Purchasing options between the bid and ask prices, or even at the bid price or below? ### Answer: I understand the question, I think. The tough thing is that trades over the next brief time are random...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I pay estimated taxes based on last year's taxes if I anticipate more income this year? ### Answer: You're interpreting this correctly. Furthermore, if your total tax liability is less than $1000,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to make use of EUR/USD fluctuations in my specific case? ### Answer: I would make this a comment but I am not allowed apparently. Unless your continent blows up, you'll never lost all your money. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are American-style options worth more than European-style options? ### Answer: Think of it this way, if you traveled back through time one month - with perfect knowledge of AAPL's stock price over...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a typical investment portfolio made up of? ### Answer: Most people carry a diversity of stock, bond, and commodities in their portfolio. The ratio and types of these investments should be bas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The Big Short - shorting vs CDS ### Answer: To be able to truly short something you technically need to be able to borrow the security so you can sell it. There needs to be a system for borrowing in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I got my bank account closed abruptly how do I get money out? ### Answer: This is very possibly a scam. The way the scam works is that the scammers send you a letter and demand you call the telephone ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: “Infinite Banking” or “Be Your Own Bank” via Whole Life Insurance…where to start? ### Answer: Keep in mind that the only advantage that using a tax favored account gives you is tax-free growth of the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wardrobe: To Update or Not? How-to without breaking the bank ### Answer: We have a ton of student loan debt (mostly mine) and right now, I'm on a strict 'replace' only budget. I have some shirts I pu...
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: You need to do the maths exactly. The cost of buying a car in cash and using a loan is not the same. The dealership will often get paid a significant...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would I pick a specific ETF over an equivalent Mutual Fund? ### Answer: In the case of VFIAX versus VOO, if you're a buy-and-hold investor, you're probably better off with the mutual fund because ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What if 40% of the remaining 60% Loan To Value (ratio) is not paid, or the borrower wants to take only 60% of the loan? ### Answer: The loan-to-value ratio (LTV Ratio) is a lending risk assessment rat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the best way to make money from a market correction? ### Answer: If you are sure you are right, you should sell stock short. Then, after the market drop occurs, close out your position and buy ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't share prices of a company rise every other Friday when the company buys shares for its own employees? ### Answer: This is an old question that has an accepted answer, but it has gotten bumpe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I be investing in bonds as part of a diversified portfolio? ### Answer: For most people, you don't want individual bonds. Unless you are investing very significant amounts of money, you are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some tips for getting the upper hand in car price negotiations? ### Answer: One point I don't see above: Consumer's Union (the nonprofit which publishes Consumer Reports) has a service where,...
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: It's possible to make money in the market - even millions if you "play your cards right". Taking the course bei...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is best investment which is full recession proof? ### Answer: Can anyone suggest all type of investments in India which are recession proof? There are no such investments. Quite a few think bulli...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where should I invest to hedge against the stock market going down? ### Answer: If you were certain you would probably do best by short selling an ETF that tracked the index for the market you think w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is everyone saying how desperately we need to save money “in this economy”? ### Answer: You ask a few different, though not unrelated, questions. Everywhere you turn today, you hear people talk ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Bank denying loan after “subject-to” appraisal: What to do? ### Answer: The first red-flag here is that an appraisal was not performed on an as-is basis - and if it could not be done, you should be to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where I can find S&P 500 stock data history? ### Answer: I assume you're after a price time series and not a list of S&P 500 constituents? Yahoo Finance is always a reasonable starting point. Code yo...