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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would my job recruiter want me to form an LLC? ### Answer: I don't know about the US, but in the UK this is common practice, even required in some situations, and not sketchy at all. It's perfectl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any flaw in this investment scheme? ### Answer: The process of borrowing shares and selling them is called shorting a stock, or "going short." When you use money to buy shares, it is called ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stores and manufacturers use mail in rebates? A scam, or is there a way to use them effectively? ### Answer: Not so much a scam, if you fill the required paperwork and actually take time to mai...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As an American working in the UK, do I have to pay taxes on foreign income? ### Answer: Yes. You do have to pay taxes in the UK as well but it depends on how much you have already been taxed in the US...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to pay quarterly 1040 ES and 941 (payroll)? ### Answer: Don't overthink it. As an employee, whether of your own corporation or of someone else, you get a salary and there are deductions take...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How trading in currency pair works, underlying techniques and mechanisms ### Answer: Without going into minor details, an FX transaction works essentially like this. Let's assume you have SEK 100 on y...
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: Your lack of numbers makes the question a difficult read. What I'm hearing is "I want a house requiring a mortgage 8X my incom...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do governments borrow money instead of printing it? ### Answer: Governments borrowing money doesn't create new money. When banks "borrow" money (i.e. take deposits), it does effectively create mon...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can two companies own stock in each other? ### Answer: Yes, this can and does certainly happen. When two companies each own stock in each other, it's called a cross holding. I learned about cross hold...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strategies for putting away money for a child's future (college, etc.)? ### Answer: I know this is a little off the wall but I bought a rental property for my son's tuition. The tenants pay down the m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How prudent would it be to invest (stocks/equity) in businesses that are based on Cash transactions? ### Answer: Every listed company needs to maintain book of accounts, when you are investing in comp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the USA, does the income tax rate on my wages increase with the amount of money in my bank account? ### Answer: You can call what you're asking about a 'wealth tax', or 'capital tax'. These are ta...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are online payment options with no chargeback protection? ### Answer: Generally there's no ultimate protection against charge backs. Some methods are easier to charge back and some harder, and th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Market Hours and Valuations ### Answer: Company values (and thus stock prices) rely on a much larger time frame than "a weekend". First, markets are not efficient enough to know what a companies sale...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Insurance, healthcare provider, apparent abuse, lack of transparency ### Answer: Just as with any other service provider - vote with your wallet. Do not go back to that doctor's office, and make sure ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do my parents need to pay me minimum wage? ### Answer: Yes they do. Here is the main page on minimum wage for the province of British Columbia. This page lists exemptions from BC minimum wage laws, b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do Transfer Agents/Share Registrars get the names of beneficiary shareholders ### Answer: In the United States, the stock certificate is updated to include beneficiary information. I expect it to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stock investments less favorable for the smaller investor? ### Answer: You have got it wrong. The profit or loss for smaller investor or big investor is same in percentage terms. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you declare revenues from YouTube earnings in the USA if you are a minor? ### Answer: If you receive a 1099-MISC from YouTube, that tells you what they stated to the IRS and leads into most tax...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pay off car or use money for down payment ### Answer: Option 2. Selling the car yourself will give you the best value, especially if you can get its full value. This will cost you time, but will retur...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When do I sell a stock that I hold as a long-term position? ### Answer: This answer relies on why you are holding shares of a company in the first place. So let's address that: So does this mean you w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is buying a home a good idea? ### Answer: Buying a house may save you money compared with renting, depending on the area and specifics of the transaction (including the purchase price, interest rates,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do “Instant Approved” credit card inquires appear on credit report? ### Answer: Yes, they do. Generally though you'll only see it on one or two reports. With regards to the impact on your credit score...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any extra fees charged by passive stock and bond ETFs on top of the standard fees? ### Answer: Brokers will have transaction fees in addition to the find management fees, but they should be very trans...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options on the E-mini S&P 500 Futures at the CME: when were EW3, the weekly Monday options and the weekly Wednesday options introduced? ### Answer: The traditional E-mini S&P500 options (introduced on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I add PMI to my principal balance when I take out a mortgage? ### Answer: There are few different types of MI you can choose from, they are: Borrower-Paid Monthly (this is what most people think o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When one pays Quarterly Estimated Self Employment Taxes, exactly what are they paying? ### Answer: From the IRS page on Estimated Taxes (emphasis added): Taxes must be paid as you earn or receive inco...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have made all the payments on a car I cosigned. Do I have to fight for possession of the vehicle? ### Answer: Ordinarily a cosigner does not appear on the car's title (thus, no ownership at all in t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Money market account for emergency savings ### Answer: From a quick look at sources on the web, it looks to me like Money Market Accounts and savings accounts are both paying about the same rate today...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are my options to make my money work for me? ### Answer: As stated in the comments, Index Funds are the way to go. Stocks have the best return on investment, if you can stomach the volatility, an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Company asking for card details to refund over email ### Answer: If it is a well known company that wants to give you a refund, I would not worry about giving them your credit card number. However, I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How best to grow my small amount of money starting at a young age? [duplicate] ### Answer: while not stated, if you have any debt at all, use the $3000 to pay it off. That's the best investment in the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Consolidate my debt? Higher APR, but what does that actually mean? ### Answer: Your question indicates you really don't have a good grasp on personal finance. you might want to read a book or two. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: property owned 50/50 between my brother and me ### Answer: Not sure what you are talking about. The house isn't part of a business so neither of you can deduct half of normal maintenance and repairs....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying shares in employer's company during IPO ### Answer: its the best investment you can have specially with the company you work for and IPO, if i was you i would invest in more then just the minim...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Trade? Buy and hold? Or both? ### Answer: You mentioned three concepts: (1) trading (2) diversification (3) buy and hold. Trading with any frequency is for people who want to manage their investment...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Multiple people interested in an Apartment ### Answer: I don't know how many people "a ton" is, but if you are getting more than, say, 6 people who are qualified to rent, you've priced it too low. Bet...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm upside down on my car loan and need a different car, what can I do? ### Answer: There are a few things you should keep in mind when getting another vehicle: DON'T use dealership financing. Get an ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a bank need to accept deposits from private clients if it can just borrow from the Federal Reserve? ### Answer: They don't actually need to. They accept deposits for historical reasons and b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there strategy to qualify stock options with near expiry date for long term capital gain tax? ### Answer: There some specific circumstances when you would have a long-term gain. Option 1: If you m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I start investing in property with $10,000 deposit and $35,000 annual wage ### Answer: You want to buy a house for $150,000. It may be possible to do this with $10,000 and a 3.5% downpayment, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In a competitive market, why is movie theater popcorn expensive? ### Answer: To add to Jason's answer; a further mechanism is that of monopoly rents which you mention in your question. Movie theatres...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would my job recruiter want me to form an LLC? ### Answer: This sounds very like disguised employment. You act like an employee of the company, but your official relationship with them is as a con...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Electric car lease or buy? ### Answer: There are some who argue that you should lease an electric car. These factors are in addition to all the normal pros and cons of leasing vs. buying. The technolo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Living in my own rental property ### Answer: If it is a separate unit from the rest of the property, you can use that portion as an investment property. the part, or unit, you are living in is your ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Payment default penalties on annuities ### Answer: I don't know how annuities work it's all smoke and mirrors to me. This is a huge red flag to me. I would ask the agent what the penalty is to cancel ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to find out the amount of preferred stock of Coca Cola Company? ### Answer: They were issued in 1919 and eliminated in 1926. This means that Coca-Cola redeemed them in 1926 and either converted th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Over the long term, why invest in bonds? ### Answer: I can think of a few reasons for this. First, bonds are not as correlated with the stock market so having some in your portfolio will reduce volati...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the dominant investing advice for individuals to use mutual funds, exchanged traded funds (ETFs), etc ### Answer: I'll give the TLDR answer. 1) You can't forecast the price direction. If you ge...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with $4,000 cash and High Interest Debt? ### Answer: When paying off multiple debts there is a protocol that many support. Payoff your debts according to the snowball method. The snow...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment for beginners in the United Kingdom ### Answer: Before jumping into stock trading, do try Mutual Funds and Index funds, That should give you some good overview of the equity markets. Furthe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a more flexible stock chart service, e.g. permitting choice of colours when comparing multiple stocks? ### Answer: I don't think there are any web based tools that would allow you to do this....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to pay tax on the amount of savings I have in the bank? ### Answer: In India, assuming that you have already paid relevant [Income/Capital gains] tax and then deposited the funds into your B...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Insurance company sent me huge check instead of pharmacy. Now what? ### Answer: Option 4: Go talk with someone in person at an office of the Insurance company. They have helped me several times with t...
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: Using the standard loan formula with 21% APR nominal, compounded weekly. Calculate an adjusted loan start value by adding ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Giving kids annual tax free gift of $28,000 ### Answer: Why limit yourself to $28K per year? If you pay the tuition directly to the institution, it does not count against your annual or lifetime gift...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much time would I have to spend trading to turn a profit? ### Answer: Making a profit in trading is not a function of time, it's a function of information, speed, and consistency. Regardless of ho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I fully deduct capital losses against discounted capital gains? ### Answer: The short answer is no - the CGT discount is only applied against your net capital gain. So your net capital gain would ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investments beyond RRSP and TFSA, in non-registered accounts? ### Answer: I quite like the Canadian Couch Potato which provides useful information targeted at investors in Canada. They specifically pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is retirement planning so commonly recommended? ### Answer: If you can afford it, there are very few reasons not to save for retirement. The biggest reason I can think of is that, simply, you are ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should a high-school student invest their (relative meager) savings? ### Answer: At your age (heck, at MY age :-)) I would not think about doing any of those types of investments (not savings) on your...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 1099 Misc for taking care of foreign exchange students ### Answer: In general, you are allowed to deduct up to $50/month per student (see page 4), but only if you aren't reimbursed. In your case, sinc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should we prepay our private student loans, given our particular profile? ### Answer: You're in good shape as long as your income stays. Your only variable-rate debt now is your private student loan. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can my friend send $3K to me without using Paypal? ### Answer: If wire transfer through your bank does not work then perhaps one of the more popular money transfer services may be what you are loo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My employer is switching 401k plan providers. How might this work in practice? ### Answer: A few years ago our company switched from Fidelity to a different 401k provider. During the blackout transiti...
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: Have you looked at DIY roof repair? Caulking with tar adhesive, and shingle replacement isn't that hard, if you're in good hea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can one get their FICO/credit scores for free? (really free) ### Answer: As of 2014, this answer is deprecated. Read answer here for recent developments up to January 2015. You can get a free cre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I buy these ETFs? ### Answer: ETFs trade on specific exchanges. If your broker deals with those exchanges, you should have access to the ETF. If your broker does not deal with that exchange, t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Forex vs day trading for beginner investor ### Answer: This image is an advertisement from this week's Barron's. The broker would want to put himself in the best light, correct? This shows you that o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making enquiries about shares ### Answer: Is anything possible, and if so, how? Because of the circumstances, there is nothing you can do. You do not have the ISIN, nor are you a part-owner of the acc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why buy insurance? ### Answer: Regarding auto insurance, you have to look at the different parts. In the United Sates most states do require a level of specific coverage for all drivers. That is to ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How would I use Google Finance to find financial data about LinkedIn & its stock? ### Answer: Your analysis is correct. The income statement from Google states that LinkedIn made $3.4 million in 2010...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How exactly does dealing in stock make me money? ### Answer: If you buy a stock and it goes up, you can sell it and make money. But if you buy a stock and it goes down, you can lose money. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I participate in trading Facebook shares on their IPO day from any brokerage? ### Answer: By definition, an IPO'd stock is publicly traded, and you can buy shares if you wish. There's often an exc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can one protect oneself from a dividend stock with decreasing price? ### Answer: Your question reminds me of a Will Rogers quote: buy some good stock, and hold it till it goes up, then sell it. If...
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: This is typically an issue for local law and r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stores that offer military discounts compensated by the government? ### Answer: Company X located outside a military base offer discounts to military as a form of marketing. They want to encourage...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: dividend cover ratio for stocks ### Answer: Sources such as Value Line, or S&P stock reports will show you dividend payout ratios (the American usage. These are the inverse of dividend cover ratios, w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do Banks Cause Inflation? What are other possible causes? ### Answer: There are several causes of inflation. One is called cost push — that is, if the price of e.g. oil goes up sharply (as it did in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I invest in an index fund but screen out (remove) certain categories of socially irresponsible investments? ### Answer: It would involve manual effort, but there is just a handful of exclusion...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to determine contractor hourly rate and employee salary equivalents? ### Answer: Here are a few points to consider: Taxes: As a consultant, you will be responsible for the employer portion of the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a NY tax form to use when one is missing a K-1 (or 1065) from an LLC? ### Answer: Form 10-K is filed by corporations to SEC. You must be thinking of form 1065 (its schedule K) that a partners...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When's the best time to sell the stock of a company that is being acquired/sold? ### Answer: I believe firmly that a bird in the hand is worth two in the bush. Cash your gains out and be happy with...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Digital envelope system: a modern take ### Answer: I opened several free checking accounts at a local credit union. One is a "Deposit" account where all of my new money goes. I get paid every two we...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I fold side-income into our budget so my husband doesn't know? ### Answer: I doubt that it is possible to keep something like this secret from your husband forever. If you get away with it once...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What differentiates index funds and ETFs? ### Answer: I'm assuming the question is about how to compare two ETFs that track the same index. I'd look at (for ETFs -- ignoring index funds): So, for exam...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy stocks of my current employer because of its high dividend yield? ### Answer: Generally, it is considered a bad idea to put significant parts of your money in your own employer's stock, n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Personal finance app where I can mark transactions as “reviewed”? ### Answer: I had exactly the same need and I ended up using BillGuard and I like it. At the end of the day, it sends an alert where ...
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: I usually get a cashiers check to cover about 90% - 95% of the expected amount (whatever I think is just below my wet-dream-price), and bring the re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a car company lend me money at a very low interest rate? ### Answer: Because the federal government won't use the money to buy a car thus generating profits for the car company. The aim of c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Free cash flow and capex on morningstar.com ### Answer: Free Cash Flow (FCF) is not a metric/data point which represents any ACTUAL cash flow of a company. FCF is a data point which communicates how m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to do with small dividends in brokerage account? ### Answer: Don't sit on it, because the money does not work for you. Add more money to it and buy a stock or stocks of the company. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I pay my estimated income tax? ### Answer: Congratulations on starting your own business. Invest in a tax software package right away; I can't recommend a specific one but there is enough infor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do stock prices really go down by the amount of the dividend? ### Answer: Here is one study http://rfs.oxfordjournals.org/content/7/4/711.short I quote from the abstract "In a variety of tests, margi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Multiple hard inquiry for a single loan from car dealer? ### Answer: This is normal with the dealer's financing. To add more details to littleadv's answer, what happens is when you get the financing ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In a competitive market, why is movie theater popcorn expensive? ### Answer: Movie theater popcorn concessions are not really a competitive market. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will my Indian debit card work in the U.S.? ### Answer: You can use the debit card for practically any purchase that you make. You'll have to take the usual precautions and then a few additional ones....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to acquire assets without buying them? ### Answer: You don't start out buying a shopping mall, you have to work up to it. You can start with any amount and work up to a larger amount. For me, I s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I still need to file taxes with the Canadian government if I am working in the U.S. on a TN visa for a few years? ### Answer: You are considered a Canadian resident if you have "significant residen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a car loan bad debt? ### Answer: A car loan might be considered "good" debt, if the following circumstances apply: If, on the other hand, you only qualify for a subprime loan, or you're borrowing t...