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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does it make sense to take out student loans to start an IRA? ### Answer: I'd check the terms of the student loan. It's been a long time since I had a student loan, but when I did it had restrictions ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do with an expensive, upside-down car loan? ### Answer: First suggestion: Investigate refinancing the auto loan with a reputable credit union or bank. I reduced my costs by changing my auto l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment strategy for retired couple ### Answer: After retirement nobody want to get low on cash. So, the best way to stay safe is to make some investments. Compare the saving with regular expenses ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: California tells me I didn't file documents for an LLC that isn't mine. What do I do? ### Answer: Did it show just your address, or was your name on it as well? You didn't share how long you've live...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would anyone buy a government bond? ### Answer: There are a few other factors possible here: Taxes - Something you don't mention is what are the tax rates on each of those choices. If the 4% gain...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much money should I lock up in my savings account? ### Answer: Lets imagine two scenarios: 1) You make 10.4k (40% of total income) yearly contributions to a savings account that earns 1% interest ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What exactly can a financial advisor do for me, and is it worth the money? ### Answer: In my experience financial advisors do not normally assist with budgeting and personal everyday finance. There ce...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Whether to prepay mortgage or invest in stocks ### Answer: I strongly doubt your numbers, but lets switch the question around anyway. Would you borrow 10k on your house to buy stocks on leverage? T...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I invest my money as a young graduate in Europe? ### Answer: Using a simple investment calculator to get a sense of scale here, to have 70k total, including the 500 a month invested, after ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will I have to pay taxes for Australia if I have an Australian bank account? ### Answer: After reviewing the tax treaty between New Zealand and Australia, I think the issue is whether or not you have ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the Swiss stock market inversely correlated with the Swiss Franc like Japan today? ### Answer: Roughly about 1 of 2 Swiss francs is won abroad. So, yes it is easier for Swiss companies to export wh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying for things on credit and immediately paying them off: any help for credit rating? ### Answer: One of the factors of a credit score is the "length of time revolving accounts have been establishe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I invest in my house, when it's in my wife's name? ### Answer: I'm not going to speculate on the nature of your relationship with your wife, but the fact that you are worried about what would h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I buy and sell a house quickly to access the money in a LISA? ### Answer: I've got £476,000 but the maximum house price is £450,000. What happens to the £26,000. Does it stay there with ~6% inte...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the US Fair Tax? ### Answer: Its a new way of computing sales tax. Wikipedia has a nice article on this http://en.wikipedia.org/wiki/FairTax ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying my first car out of college ### Answer: Think about it. IF you save $15K by buying a Honda or a Mazda, you can invest those money at modest 5% average, you'll have over 60K before you retire, w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I buy government bonds from foreign countries? ### Answer: Significantly less effort to buy into any of several international bond index funds. Off the top of my head, VTIBX. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does an option lose time value faster as it approaches expiry ### Answer: Don´t forget that changing volatility will have an impact on the time value too! So at times it can happen that your time ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are Share Awards and Sales Treated? ### Answer: You likely received the shares as ordinary income for services of $10k, since they withheld taxes at granting. Separately, you likely had a short t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What numbers to look for investment returns ### Answer: (Value of shares+Dividends received)/(Initial investment) would be the typical formula though this is more of a percentage where 1 would indicat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Looking to buy a property that's 12-14x my income. How can it be done? ### Answer: What options do I have? Realistically? Get a regular full time job. Work at it for a year or so and then see about ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I distribute my savings? ### Answer: You need to track all of your expenses first, inventarize all of your assets and liabilities, and set financial goals. For example, you need to know you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Theoretically, if I bought more than 50% of a company's stocks, will I own the company? ### Answer: The usual pattern is that shareholders don't run companies in a practical sense, so "if someone was ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: us citizen receiving bank transfer from foreign boyfriend ### Answer: No, any gifts you receive are not taxable to you. In fact, losing money in a scam (as this sure sounds like to me) can even be tax...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Most effective Fundamental Analysis indicators for market entry ### Answer: Fundamental Analysis can be used to help you determine what to buy, but they won't give you an entry signal for when to buy....
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: A common rule of thumb is the 28/36 ratio. It's described here. In your case, with a gross (?) salary of £50,000...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a stock really dip in price on the ex-dividend date? And why would it do this? ### Answer: The stock should fall by approximately the amount of the dividend as that is what is paid out. If you ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Good at investing - how to turn this into a job? ### Answer: Step 1: Get a part-time job in sales. Perhaps selling appliances at Sears. Step 2: If you are great at that, then look into becoming a sto...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can home buying be considered a sound investment with all of that interest that needs to be paid? ### Answer: Your question isn't great, but I will attempt to answer this piece as it seems really ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does start-up equity end up paying off? ### Answer: Equity could mean stock options. If that's the case if the company makes it big, you'll have the option to buy stocks cheap (which can then be s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Cannot get a mortgage because I work through a recruiter ### Answer: To a mortgage lender, it appears that you have a temporary contract (perhaps extending for nine more months) with a agency that sup...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What will my taxes be as self employed? ### Answer: The amount of the income taxes you will owe depends upon how much income you have, after valid business expenses, also it will depend upon your fili...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How long can I convert 401(k) to Roth 401(k)? ### Answer: Conversions must be done during the calendar year. This would apply to both IRA and 401(k) accounts. For IRAs, deposits may be made until 4/1...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay online: credit card or debit card? ### Answer: One more thing to favor the card. Extended warranty, or damage coverage. An iPad, if dropped on a hard surface, stands a good chance of breaking. App...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Value of credit score if you never plan to borrow again? ### Answer: Only reason I can think of is that having a credit card, or several, is handy for buying stuff on-line, or not having to haul aroun...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Deductible expenses paid with credit card: In which tax year would they fall? ### Answer: I'm a CPA and former IRS agent and manager. Whether you are a cash or accrual basis taxpayer, you get to deduc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where is “Cash Credit from Unsettled Activity” coming from? ### Answer: The Cash Credit from Unsettled Activity occurs because AGG issued a dividend in the past week. Since you purchased the ETF long ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Amazon's offer of a $50 gift card a scam? ### Answer: These kinds of credit card offers are incredibly common. More often you will get a certain reward if you spend $X within Y days of getting the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with my $25k to invest as a 20 years old? ### Answer: Waiting for the next economic downturn probably isn't the best plan at this point. While it could happen tomorrow, you may end up...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I withdraw from my Roth IRA retirement account to fund a startup? ### Answer: Chris's answer is a great start. Keep in mind that when you withdraw from a Roth IRA, you "shrink" the size of the IRA...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I calculate two standard deviations away from the stock price? ### Answer: Standard Deviation is a mathematical term that is useful in many areas. It can be considered a measure of how tight th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you invest in real estate without using money? ### Answer: I've been to one of these seminars: a) you can get a loan of up to $700,000 from the company and only have to pay a fixed amount for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: About to start being an Independent Contractor - Any advice on estimating taxes? ### Answer: It's likely you don't have to make estimated tax payments if this is your first year of contracting (extra ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying restaurants in cash instead of credit card - how signficant is this? ### Answer: Credit cards charge about 2% fee from merchants. This is already priced into the restaurant menu. Generally, dea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is buying pressure? ### Answer: Buying pressure is when there are more buy orders than sell orders outstanding. Just because someone wants to buy a stock doesn't mean there's a seller ready to f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Indian resident owning dividend-paying shares in company based in France: Can I save on withholding tax? ### Answer: France taxes capital / dividend gains accrued in France. Hence you will not be able...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What tax-free retirement accounts are available for self-employed individuals? ### Answer: You can open a self-employed 401k, here's an example. You can deposit up to 50K (including the personal cap a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: After Market Price change, how can I get it at that price? ### Answer: If the price used to be 2.50 but by the time you get in an order it's 2.80, you're going to have to pay 2.80. You can't say, "I w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does my bank suddenly need to know where my money comes from? ### Answer: Banks and credit unions are constantly required to improve their detection methods for suspicious transactions. It's not ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wash sale rule + Mutual Funds/ETFs? ### Answer: I think the IRS doc you want is http://www.irs.gov/publications/p550/ch04.html#en_US_2010_publink100010601 I believe the answers are: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Thinking of doing an MB ### Answer: Is an $80K top MBA school better than a $24K online MBA school? A: I met two MBA graduates from Harvard - both made VPs at large Canadian companies (i.e. $1B or gre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best way to start investing, for a young person just starting their career? ### Answer: Warren Buffett answered this question very well at the 2009 Berkshire Hathaway annual meeting. He said that it ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I invest in a Health Insurance +1 policy from my Employer? ### Answer: One thing to look into is if there is an extra fee for covering a spouse under you plan, if she is covered under her own e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why liquidity implies tight spread and low slippage ### Answer: Consider the case where a stock has low volume. If the stock normally has a few hundred shares trade each minute and you want to buy 10...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to pay with cash when car shopping? ### Answer: When you pay cash for a car, you don't always necessarily need to pay cash. You just aren't using credit or a loan is all. A few options you have ar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a mutual fund? ### Answer: The simple answer is: YES, the JP Morgan emerging markets equity fund is a mutual fund. A mutual fund is a pooling of money from investors to invest in stocks and bo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: OTC Markets, Time, and Trading ### Answer: Depending on your broker, you can buy these stocks directly at the most liquid local exchanges. For instance, if you are US resident and want to to buy Germa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Unemployment Insurance Through Options ### Answer: That's not unemployment insurance. Because it's perfectly possible, and even likely, that your industry will do badly but you'll keep your job, or th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a robo-adviser worth the risk? ### Answer: They've been around long enough now for there to be past performance figures you can google for. I think you'll find the results aren't very encouraging. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making an offer on a property - go in at market price? ### Answer: First piece of advice: fire your agent. A pushy agent is a bad agent. From what you've told us, he's actually given you poor advic...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does Vanguard determine the optimal asset allocation for their Target Retirement Funds? ### Answer: While the Vanguard paper is good, it doesn't do a very good job of explaining precisely why each...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dollar-cost averaging: How often should one use it? What criteria to use when choosing stocks to apply it to? ### Answer: Dollar cost averaging can be done in a retirement plan, and can be done for in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 183 day rule in conjunction with expatriate ### Answer: There's no "183 days" rule. As a US citizen you must pay taxes on all your income, where you live is irrelevant. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying over the minimum mortgage payment ### Answer: Let's look at some of your options: In a savings account, your $40,000 might be earning maybe 0.5%, if you are lucky. In a year, you'll have earne...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I open a Bank Account in Canadian dollars in the US? ### Answer: Royal Bank in Canada can open an account for you in the US through RBC (the US affiliate to Royal Bank of Canada) I think it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the effect of a cancelled stock order on a stock and the market? ### Answer: That article, like almost any article written by a non-expert and quoting only "research" from lobbying groups, hug...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using multiple bank accounts ### Answer: I live near historic Concord, Massachusetts, and frequently drive past Walden Pond. I'm reminded of Henry David Thoreau's words, "Simplify, simplify, simplify...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For an equivalent company security, does it make more sense to trade them in country with dividend tax free? ### Answer: You might have to pay a premium for the stocks on the dividend tax–free exchang...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What pension options are there for a 22 year old graduate in the UK? ### Answer: Major things to consider: If you're expecting to look at the property market: it might prove to be sensible to start do...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is threatening to close the account a good way to negotiate with the bank? ### Answer: Take your business elsewhere, where the products and services are priced at a level you agree to pay. This does ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who creates money? Central banks or commercial banks? ### Answer: Empirial evidence for the second scenario: Can banks individually create money out of nothing? — The theories and the empirical eviden...
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: You want to take the hit now. There are tons of calculators out there, but the rule of 70 should be enough to help convince you: Assume you can put...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Re-financing/consolidating multiple student loans for medical school? ### Answer: Several student loans are backed by government guarantee and this will allow you to get attractive rates. This may req...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: May 6, 2010 stock market decline/plunge: Why did it drop 9% in a few minutes? ### Answer: Trading error at Citi ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I buy only 4 shares of a company? ### Answer: Open an account with a US discount online broker, or with a European broker with access to the US market. I think ETRADE allow non-resident accounts,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are american call options more valuable than european options ONLY if the underlying asset pays cash flows? ### Answer: Really all you need to know is that American style can be exercised at any p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good practice to keep salary account and savings account separate? ### Answer: In my opinion, separating your money into separate accounts is a matter of personal preference. I can only think ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to stress test an investment plan? ### Answer: Here are a few things I've already done, and others reading this for their own use may want to try. It is very easy to find a pattern in any set of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to record business income tax paid, in QuickBooks? ### Answer: Federal income taxes are indeed expenses, they're just not DEDUCTIBLE expenses on your 1120. Federal Income Tax Expense is usually a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does it mean for a company to have its market cap larger than the market size? ### Answer: First read mhoran's answer, Then this - If the company sold nothing but refrigerators, and had 40% mark...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options profit calculation and cash settlement ### Answer: Depending on the day and even time, you'd get your $2 profit less the $5 commission. Jack's warning is correct, but more so for thinly traded...
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: Assuming "take advantage" means continue to build wealth, as opposed to blow it all on a fancy holiday... Downgrade As you already note, you cou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I have AD&D through my employer, should I STILL purchase term life insurance? ### Answer: It probably does make sense for you to buy term life insurance separate from your employer, for a few reaso...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Married Couple - Open investment account Separate or Joined? ### Answer: I don't believe it makes a difference at the federal level -- if you file taxes jointly, gains, losses, and dividends appear on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stocks given by company vest if I quit? ### Answer: You were probably not given stock, but stock options. Those options have a strike price and you can do some more research on them if needed. Lets ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the theory behind Rick Van Ness's risk calculation in the video about diversification? ### Answer: He's calculating portfolio variance. The general formula for the variance of a portfolio comp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First time investing in real-estate, looks decent? ### Answer: This might be a good idea, depending on your personality and inclinations. Key points: How close is the building to you? Do not buy any b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If there's no volume discount, does buying in bulk still make sense? ### Answer: There is a trade-off. It can be worthwhile because you save those extra trips. (On the other hand, don't you need to go...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Home loan: loss payable clause in favor of lender for home insurance? ### Answer: Here's a good rule of thumb. In any situation where you are required to purchase insurance (Auto Liability, Property M...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Want to buy above market price? ### Answer: Yes, you can do this buy placing a conditional order to buy at market if the price moves to 106 or above. Once the price hits 106 your market order will hit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I open a Bank Account in Canadian dollars in the US? ### Answer: If you can make the trip to BC yourself, I'd recommend opening an account with TD Canada Trust. They allow non-citizens to m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a credit card company make any money off me? I have a no-fee card and pay my balance on time ### Answer: Credit cards have two revenue streams: So yes, the are making money from your daily use...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to handle capital gains on a Virginia Individual Income Tax Return ### Answer: In Virginia the maximum tax rate on income is 5.75% which is the same as the capital gains rate. http://www.tax.virgi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Recent college grad. Down payment on a house or car? ### Answer: As a car guy, I wouldn't spend 27 large on anything that wasn't "special" - you'll be looking at for at least the duration of the loan ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 1099 for settlement what about lawyer fees? ### Answer: You report it as an expense against the 1099 income when you do your taxes. You will only be taxed on the amount after the lawyers fees (but if ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ethics and investment ### Answer: Avoiding tobacco, etc is fairly standard for a fund claiming ethical investing, though it varies. The hard one on your list is loans. You might want to check out Isl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stock index fund likely to keep being a reliable long-term investment option? ### Answer: Stock index funds are likely, but not certainly, to be a good long-term investment. In countries other th...
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: What sort of emergency requires payment up front for which 2-3 days processing of a stock sale would pose a problem? In my ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens if a purchase is $0.02 in Canada? ### Answer: I think it should be free. Why? I had a coupon for 35, I bought something for 35.01 including taxes and total to pay was 0.01, rounded to 0.0...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Efficient markets hypothesis and performance of IPO shares after lock-up period ### Answer: There are rules that prevent two of the reactive measures you suggest from occurring. First, on the date of ...