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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who buys variable annuities? ### Answer: There is always some fine print, read it. I doubt there is any product out there that can guarantee an 8% return. As a counter example - a 70 yr old can get 6...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What U.S. banks offer two-factor authentication (such as password & token) for online banking? ### Answer: Some credit unions also offer them and support Business banking as well. First Tech Credit Un...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some signs that the stock market might crash? ### Answer: Although it is impossible to predict the next stock market crash, what are some signs or measures that indicate the economy is unst...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should my husband's business pay my business? ### Answer: I agree with some of the points of the other answers but why not avoid all the guesswork? I highly recommend you not charge him now. Wait unti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the opposite of a hedge? ### Answer: I'd say the opposite of hedging is speculating. If you are convinced an asset will appreciate in value, or rather the probability of gains is enough to in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a F-1 student visa holder loan a car from bmw? ### Answer: Most states do have a cooling-off period where the buyer can rescind the purchase as well as a legally allowed limit to how long the deal...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First time home buyer. How to negotiate price? ### Answer: Well it all kind of depends. The Realtor is your pro, and you should communicate further with him. Is this a neighborhood on the decline? ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Currently sole owner of a property. My girlfriend is looking to move in with me and is offering to pay 'rent'. Am I at risk here? ### Answer: The rent payment is in principle taxable. However, you sho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shouldn't a Roth IRA accumulate more than 1 cent of interest per month? ### Answer: Terminology aside. Your gains for this year in a mutual fund do seem low. These are things that can be quickly, an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks allow more control over credit/debit card charges? ### Answer: Credit card fraud is an extremely (to stress, EXTREMELY) small proportion of total credit card transactions. The card is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the fuss about Credit Score / History? ### Answer: I justed rented a new house, and they ran my credit to see if I am a reliable person. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Settling house with husband during divorce. Which of these two options makes the most sense? ### Answer: Both are close, but two notes - amiable or not, I'd rather have a deal that ends now, and nothi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Please explain the relationship between dividend amount, stock price, and option value? ### Answer: There are a few reason why the stock price decreases after a dividend is paid: What's the point of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options strategy - When stocks go opposite of your purchase? ### Answer: I would make a change to the answer from olchauvin: If you buy a call, that's because you expect that the value of call options...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Work on the side for my wife's company ### Answer: In the US, you'd run the risk of being accused of fraud if this weren't set up properly. It would only be proper if your wife could show that she we...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Clarifications On PFIC Rules ### Answer: Are these PFIC rules new? No, PFIC rules are not new, they've been around for a very long time. what would that mean if a person owned a non-US company stock, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is auto insurance ridiculously overpriced for those who drive few miles? ### Answer: One reason is because car insurance is mandated. Mandated insurance means the government is forcing people to p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Fringe Benefits (Lodging) for single member S-Corp ### Answer: If you use "a room or other separately identifiable space" within your apartment exclusively for your business, then you might be able to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there an investment account where I can owe taxes only if the net of capital gain and dividend payment is positive? ### Answer: Income and Capital are taxed separately in the uk. You probably can'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between speculating and investing? ### Answer: Colloquially, there's no difference except for the level of risk (which is an estimate anyway). Classically, investment is creatin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with my $10K windfall, given these options? ### Answer: I recommend fixing the roof. You're going to pay for it eventually, either as an emergency repair or a concession at sale. ###e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using Euros to buy and sell NASDAQ stocks ### Answer: You can check whether the company whose stock you want to buy is present on an european market. For instance this is the case for Apple at Frankfu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculate a weekly payment on a loan when payment is a month away ### Answer: You'd have to look at the terms of the loan to be sure, but if the interest compounds weekly then you'd have to calculate ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a stock operate when it is listed between two exchanges? ### Answer: Say a stock is listed in Nasdaq, and the same company has a stock listed in Tsx. Does the Nasdaq price affect the Tsx pric...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do Americans really use checks that often? ### Answer: Ever since my apartment complex started accepting rent payments online, I've almost never written a check. I use my debit card for everything. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is www.onetwotrade.com a scam? ### Answer: It is a binary options market licensed by the "gaming authority" of Malta. One of the most liberal "pay to play" jurisdictions in the European Union. It sell...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As a young adult, what can I be doing with my excess income? ### Answer: This is all very basic and general advice, that works for most, but not all. You are unique with your own special needs and de...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between “good debt” vs. “bad debt”? ### Answer: The word "good" was used in contrast to "bad" but these words are misused here. There are three kinds of debt: Debt for spending...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where do I invest my Roth IRA besides stock market and mutual funds? ### Answer: Nowhere. To back up a bit, mutual funds are the stock market (and the bond market). That is, when you invest in a mutua...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to “pay” one self in a single member LLC w/ separate checking account? ### Answer: Basically, yes. Don't use your business account for personal spending because it may invalidate your limited liab...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does one determine the width of a candlestick bar? ### Answer: There's no rule of thumb but the purpose of candlesticks of any kind (fixed, volume weighted etc.) is to display the intra-period pri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What things should I consider when getting a joint-mortgage? ### Answer: This is more of a long comment but may answer user's situation too. I have dealt with joint mortgages before in 3 states in the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do corporate stock splits negate share repurchase programs? ### Answer: No, I think you are misunderstanding the Math. Stock splits are a way to control relatively where the price per share can be for...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the best application, software or tool that can be used to track time? ### Answer: People rave about Basecamp by 37signals. The impressive part is all the add-ins you can get for it. There ar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Short term cutting losses in a long term investment ### Answer: What might make more sense is to 'capture' your losses. Sell out the funds you have, move into something else that is different enough ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off my 50K of student loans as quickly as possible, or steadily? Why? ### Answer: If you make paying off those loans a priority, you will find money where you can and also look for stuff...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a restaurant have to pay tax on a discount? ### Answer: In almost any jurisdiction, the restaurant will pay tax on the amount after the discount. Discounting is just a selective way to reduce pri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a self-employed person have a Health Savings Account? ### Answer: IRS Publication 969 gives all the details about HSA accounts and High Deductible plans: According to your question you are covered...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is CFD a viable option for long-term trading? ### Answer: it is pretty much the same as a normal margin loan but cheaper because you don't own the underlying share.the if the margin is $1000 at 5% you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Walking away from an FHA loan ### Answer: Nearly every state in the US is full-recourse. If one doesn't seek bankruptcy protection, creditors can seek judgement, and collect assets. Foreclosures frequ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Principal 401(k) managed fund fees, wow. What can I do? ### Answer: Would anything happen if you bring this issue to the attention of the HR department? Everyone in the company who participates in the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Insider Trading? ### Answer: I am a flight attendant on a private jet and I hear a bank CEO discussing a merger or a buyout. I proceed to purchase that stock before the announcement. The CEO did n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Scam or Real: A woman from Facebook apparently needs my bank account to send money ### Answer: Well, all of the previous answers already mentioned the upcoming scam and danger situation for your finan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are “headwinds” and “tailwinds” in financial investments? ### Answer: The term "tailwinds" describes some condition or situation that will help move growth higher. For example, falling gas prices...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to invest proceeds from home sale to be used to buy new house within five years? ### Answer: For a two year time frame, a good insured savings account or a low-cost short-term government bond fu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: devastated with our retirement money that we have left ### Answer: When you say: I am 48 and my husband is 54. We have approx. 60,000.00 left in our retirement accounts. We want to move our money into...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Earnings Calendar Fiscal Quarter Ending ### Answer: Why do stock markets allow these differences in reporting? The IRS allows businesses to use fiscal calendars that differ from the calendar year. The...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When you're really young and have about 2K to start investing $ for retirement, why do some people advise you to go risky? ### Answer: First of all, "going risky" doesn't mean driving to Las Vegas and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Close to retirement & we may move within 7 years. Should we re-finance our mortgage, or not? ### Answer: I would think it depends on when within the 7 years you're planning to move. If you want to mov...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does money value normally decrease? ### Answer: Your house doesn't need to multiply in order to earn a return. Your house can provide shelter. That is not money, but is an economic good and can al...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: One of my stocks dropped 40% in 2 days, how should I mentally approach this? ### Answer: Have the reasons you originally purchased the stock changed? Is the company still sound? Does the company have ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a lender compute equity requirement for PMI? ### Answer: Never ever use a giant monster mega bank for home loans. I am sure you probably didn't and they bought your loan from someone else. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Selling on eBay without PayPal? ### Answer: Dwolla looks to be a great option. But it requires users to have an account there (Free to sign up). And there rates are absolutely amazing. Free for trans...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to approach building credit without a credit card ### Answer: Keep in mind that credit takes time to build. Your best short-term solution is to save enough cash to put enough of a down-payment t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Harmony Gold Mining Company is listed on the NYSE and JSE at different prices? ### Answer: On NYSE it isn't the equity which is listed but is an ADR(American Depositary Receipt). Source A negotiable c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I give to charity by check or credit card? ### Answer: In the US, if it's a large donation to a tax-exempt organization (401c3 or equivalent), you may want to consider giving appreciated equiti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages of paying off a mortgage quickly? ### Answer: From my experience and friends' experiences, I can say that there are advantages and disadvantages for paying off your mortgage qu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: To rebalance or not to rebalance ### Answer: 'Buy and Hold' Is Still a Winner: An investor who used index funds and stayed the course could have earned satisfactory returns even during the first decad...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How could I find someone to find a room for me to live in? (For a fee, of course.) ### Answer: There are services, usually associated with real estate agents, that provide apartment search services fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock valuation - Volkswagen ### Answer: (I live in the UK and along with my wife we both drive Volkswagen cars.) A few factors: VW is widely acknowledged as having some of the best diesel car engines...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Opportunity to buy Illinois bonds that can never default? ### Answer: Sovereign immunity is the state's ultimate "get out of bankruptcy free" card. After all, the state has a hand in defining what ba...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I find a legitimate, premium credit repair service? ### Answer: If the bad credit items are accurate, disputing the accuracy of the items seems at best, unethical. If the bad credit items are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If USA defaults on its debt, will the T bond holder get back his money ### Answer: There is no situation one can imagine in which the US defaults (beyond a day or three) on its obligations. The treasu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are 'business fundamentals'? ### Answer: From http://financial-dictionary.thefreedictionary.com/Business+Fundamentals The facts that affect a company's underlying value. Examples of business ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: While working overseas my retirement has not gone into a retirement account. Is it going to kill me on the FAFSA? ### Answer: According to the FAFSA info here, they will count your nonretirement asset...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I take a loss when I sell my car, can I claim a capital loss deduction on my income tax return? ### Answer: While you'd need to pay tax if you realized a capital gain on the sale of your car, you g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to trade large number of shares? ### Answer: If you really did have a large share size, a market order would move the price more so in your desired direction. Although your cost basis would be les...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paid credit card bill, but money didn't leave my checking account [duplicate] ### Answer: You probably don't need to call the bank. Today is Sunday, so three days ago was probably Friday (or Thursday ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Lease vs buy car with cash? ### Answer: If you are talking straight dollars then leasing is always a losing proposition when compared with purchasing. The financial workings of leasing are so confusin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to get rid of someone else's debt collector? ### Answer: Suing is a legitimate option as well as screening your calls but here's another idea which has personally worked and relates to the collect...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Shares in Chinese startup company ### Answer: Setting up an entity that is partially foreign owned is not that difficult. It takes an additional 1-1.5 months in total, and in this particular case, you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to keep paper records for my business? ### Answer: Scanned or electronic copies of invoices should be sufficient as long as they are accurate and you can deliver them during an audit. Also, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Obtaining California SOS number for out-of-state LLC ### Answer: SOS stands for Secretary of State. The California Department of State handles the business entities registration, and the website is he...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have a horrible 401k plan, with high expenses. Should I stay with it or move my money elsewhere? ### Answer: 2%? I would put in just what it takes to share in the profit sharing, not a dime more. M...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I invest in real estate to rent, real estate to live in, or just stocks and bonds to earn 10-15%? ### Answer: To be completely honest, I think that a target of 10-15% is very high and if there ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are mortgage interest rates determined? ### Answer: Mortgage or other interest rates are determined by the banks on cost of funds, risk and operating cost. The Fed raises money from the markets ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Historical stock prices: Where to find free / low cost data for offline analysis? ### Answer: You may refer to project http://jstock.sourceforge.net. It is open source and released under GPL. It is fe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 401k Option - Lifecycle or S&P Index - what are pros and cons? ### Answer: I think we resolved this via comments above. Many finance authors are not fans of target date funds, as they have higher fees...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Explanations on credit cards in Canada ### Answer: If so, it seems to me that this system is rather error prone. By that I mean I could easily forget to make a wire some day and be charged interests w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: US Tax Form 1040EZ: Do I enter ALL income or ONLY income specified in W-2 forms? ### Answer: Yes, you need to include income from your freelance work on your tax return. In the eyes of the IRS, this ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I factor dividends and yield into the performance of a security? ### Answer: Good observation. In fact, the S&P index itself is guilty of not including dividends. So when you look at the index ...
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: I can understand your nervousness being 40 and no retirement savings. Its understandable especially given your p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Best personal finance strategy to control my balance ### Answer: The key to understanding where your money is going is to budget. Rather than tracking your spending after the fact, budgeting lets you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I keep most of my banking, credit, and investment accounts at the same bank? ### Answer: Here's my answer for what it's worth: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I deal with a spouse who compulsively spends? ### Answer: Perhaps it seems harsh, but I would get separate accounts: credit cards, savings, retirement, all the way down the line. Your only jo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When to buy and sell bonds ### Answer: Why does the yield go up if the country is economically unstable? The yield will rise when instability increases because the risk of default increases. If the c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does high inflation help or hurt companies with huge cash reserves? ### Answer: Inflation is bad for people with lots of cash assets. It's good for debtors, particularly debtors with unsecured debt. #...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will a credit card issuer cancel an account if it never incurs interest? ### Answer: I would think it extremely unlikely that an issuer would cancel your card for having an ADB of approximately zero. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I estimate other people's credit limit at the grocery store? ### Answer: What you're referring to is Visa Easy Payment Services (VEPS). Other payment processors have similar programs. Basically, c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where or how can I model historical market purchases ### Answer: This site should help you to accomplish what you are looking for: https://www.quantopian.com ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does gold have value? ### Answer: Most of the answers here reflect a misunderstanding of what gold actually is from a financial perspective. I'll answer your question by asking two questions, and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people buy stocks that pay no dividend? ### Answer: I don't know why there is so much confusion on such a simple concept. The answer is very simple. A stock must eventually pay dividends or the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Long term investment for money ### Answer: I know of no way to answer your question without 'spamming' a particular investment. First off, if you are a USA citizen, max out your 401-K. Whatever your ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I get AEX historical data - Amsterdam? ### Answer: Try the general stock exchange web page. http://www.aex.nl I did a quick trial myself and was able to download historical data for the AEX ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a startup can always issue new shares, what value is there to stocks/options? ### Answer: Companies normally do not give you X% of shares, but in effect give you a fixed "N" number of shares. The "...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a bull put spread? ### Answer: Bull means the investor is betting on a rising market. Puts are a type of stock option where the seller of a put option promises to buy 100 shares of stock from ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to measure the cost/value of an Asset in the Financial Statement ### Answer: Does the friend fix your electrical wiring and the engine of your car? If you need a professional advice - ask a profes...
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: The answer is Discounted Cash Flows. Companies that don't pay dividends are, ostensibly reinvesting their cash at re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can future rental income be applied to present debt-to-income ratio when applying for second mortgage? ### Answer: Generally speaking, no they won't. In this case, though I haven't done it myself, I w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I identify a likely bull trap? ### Answer: Remember the 1st Law of Technical Analysis: "For every analysis there exists an equal and opposite analysis." And the 2nd Law of Technical Analysis:...