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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much (paper) cash should I keep on hand for an emergency? ### Answer: Coming from an area that is hurricane prone, and seeing what happens to local businesses during evacuations/power outages/gas ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much (paper) cash should I keep on hand for an emergency? ### Answer: It's also worth thinking about minor "emergencies" when the location of your cash may be more important than the amount. I kee...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much (paper) cash should I keep on hand for an emergency? ### Answer: No cash is necessary for most people. In the modern day in the US there is no need to keep paper currency around for emergenc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I find recent information about which major shareholders changed their positions in a given stock? ### Answer: For the united States forms must be submitted electronically with the Securitie...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Bank will not accept loose change. Is this legal? ### Answer: Is this even legal? How can a bank refuse to deposit legal tender in the United States? Legal for all debts, public or private, doesn't ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Bank will not accept loose change. Is this legal? ### Answer: They cannot refuse to accept coins and demand some other payment after providing a good or service. Legal tender is legal tender for all ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Bank will not accept loose change. Is this legal? ### Answer: The bank certainly doesn't have to take it for a deposit; that's not a debt. There have been several cases where disgruntled debtors have...
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: I suggest that you use your own judgement on this. You can assign a reasonable percentage since it is impossible to mon...
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: 60% Downpayment on house? ### Answer: Keep in mind, this is a matter of preference, and the answers here are going to give you a look at the choices and the member's view on the positive/negative for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 60% Downpayment on house? ### Answer: I put about that down on my place. I could have purchased it for cash, but since my investments were returning more interest than the loan was costing me (much e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 60% Downpayment on house? ### Answer: Voluntarily assuming a loan is a bad idea, especially for a non-investment purpose. It would be one thing to take on a loan to operate a business or buy a piece o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 60% Downpayment on house? ### Answer: Strictly by the numbers, putting more than 20% down is a losing proposition. With interest rates still near all time lows, you're likely able to get a mortgage f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 60% Downpayment on house? ### Answer: I would lean towards making a smaller down payment and hanging onto savings for flexibility. Questions to think about: If you have enough cash that you can make a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 60% Downpayment on house? ### Answer: If you decide you need the extra money, you can always go refinance and get more cash out. At the end of the day, though, if you pay off your house sooner you ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 60% Downpayment on house? ### Answer: Peace of mind is the key to your question. Just before the US housing bust of 2007, I had someone try to convince me to take all the equity from my house which wa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 60% Downpayment on house? ### Answer: To answer your precise question, your plans are not at all misguided, and are in fact very reasonable. You are clearly financially very comfortable, and from the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What sort of tax treatment does a charitable micro-lending loan incur? ### Answer: Lending is not a charitable contribution. Its an investment. If the loan becomes a bad debt - you'll have to show tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What sort of tax treatment does a charitable micro-lending loan incur? ### Answer: When lending through Kiva you are not making a "charitable contribution" it's a loan so you cannot deduct the amount ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks give access to all your transaction activity? ### Answer: Things are the way they are because they got that way. - Gerald Weinberg Banks have been in business for a very long time. Y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks give access to all your transaction activity? ### Answer: All the other answers here are correct, but I'll add one more perspective. I am a business architect at one of the world's lar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks give access to all your transaction activity? ### Answer: I would say a lot of the answers here aren't quite right. The main issue here is that banking is a highly oligopolous industry...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks give access to all your transaction activity? ### Answer: One reason why they limit it is to protect you. If I hack your account, I get your entire financial history. I can see a copy ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks give access to all your transaction activity? ### Answer: Although if you count only your data, it would be quite less 10 MB, multiply this by 1 million customers and you can see how q...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks give access to all your transaction activity? ### Answer: To add technical detail to other answers, your (and some commenters') estimates of storing that data is woefully (many orders ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks give access to all your transaction activity? ### Answer: Many good points have been brought up, and I'll just link to them here, for ease. Source: I work at a credit/debit card transa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks give access to all your transaction activity? ### Answer: A big issue for historical data in banking is that they don't/can't reside within a single system. Archives of typical bank wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks give access to all your transaction activity? ### Answer: Well, I know why the Rabobank in the Netherlands does it. I can go back around one year and a half with my internet banking. B...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't banks give access to all your transaction activity? ### Answer: If you need access to your data beyond the online availability, you download the transactions and manage the archive yourself....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do brokerage firms make money? ### Answer: Regarding "Interest on idle cash", brokerage firms must maintain a segregated account on the brokerage firm's books to make sure that the client's money...
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: Instead of giving part of their profits back as dividends, management puts it back into the company so the company can grow and produce highe...
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: people buy stocks because there is more to Return on Investment than whether dividends are issued or not. Some people want ownership and the ...
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: There are many stocks that don't have dividends. Their revenue, growth, and reinvestment help these companies to grow, and my share of such c...
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: Nobody is going to buy a stock without returns. However, returns are dividends + capital gains. So long as there is enough of the latter it...
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: Shares in a company represent a portion of a company. If that company takes in money and doesn't pay it out as a dividend (e.g. Apple), the c...
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: You can think of the situation as a kind of Nash equilibrium. If "the market" values stock based on the value of the company, then from an i...
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: Is building a corporation a good option? ### Answer: Creating a corporation is not necessarily less taxes. In fact, you'll face the problem of double taxation, and since you must pay yourself a reason...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is building a corporation a good option? ### Answer: Compared with a Sole Proprietorship, the main disadvantages of an S-Corporation or an LLC are that it adds a lot of management overhead (time, and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are some way to transfer money from Hong Kong to India on a monthly basis? ### Answer: Western Union, Money to India, Remit to India are some of the services that specilize in remittance and wou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can this year's free extension-to-pay be filed electronically? IRS Form 1127 ### Answer: Form 1127 (updated link) should be filed in paper (with the supporting documents) to the IRS office that has ju...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I notify the IRS of a new member to an LLC? ### Answer: You don't need to notify the IRS of new members, the IRS doesn't care (at this stage). What you do need, if you have a EIN for a single-m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why credit cards are sold through banks and not from Visa or MasterCard directly ### Answer: Visa and Mastercard are not consumer-oriented companies. They do not consider individual consumers as thei...
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: One explanation is that movie patrons are considering their total willingness to pay for the movie experience so that if th...
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: A multiplex is a concession stand which happens to show movies in order to lure you into range of the smell of their popcor...
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: 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: In a competitive market, why is movie theater popcorn expensive? ### Answer: With all due respect to economics everywhere and the armchair economist. I think they overlook one very basic fact. The alt...
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: I think this question has more to do with the business model of cinema. If I remember correctly. Most of the money from tic...
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: It's called extracting consumer surplus. Basically I have a bunch of movie goers (who have paid a lot for their tickets). S...
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: Theaters make pennies off the tickets if any money at all. Their profits come from the concession stand. If a theater price...
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: In my experience, there's usually only one or two theatres within a small city. Maybe a few more in larger cities, but thos...
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: I'm kind of shocked that no formal behavioral modeling has been proposed as an explanation yet. One such model would be ste...
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: You're looking at this too rationally. People can not resist eating junk food, especially when they have to sit for 2-3 hou...
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: I think a labor management issue explains the high cost of popcorn. Some weeks theaters are loaded with patrons and other w...
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: John R. Lott, Jr. and Russell D. Roberts argue that popcorn in movie theaters has a price commensurate with its much higher...
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: The cost of the popcorn is simply the hidden extension of the price the consumer pays for the movie ticket. Similar to the ...
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: In the theater, it's a person who can afford to buy expensive pop corn, cause he can buy the expensive movie ticket too... ...
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: It's because true competition does not exist in the movie theater business. If you wanted to open up a competing theater wh...
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: A better question would be to ask "Why don't movie theaters charge to use the bathroom?", or "Why don't movie theaters char...
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: I think because that high price and the fact that you anyway have a limited time to buy it before the movie starts maximize...
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: While many answers correctly cite the effect of monopoly power.... there is a cost issue that no one has yet posted. I fir...
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: People have moods, that mean they don't have the same level of demand for luxuries every day. There might be some days whe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why isn't money spent on necessities deductible from your taxes? ### Answer: Law is a mass of special cases, informed by but not driven by some general principles. Tax law likewise. Don't try to make ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why isn't money spent on necessities deductible from your taxes? ### Answer: The answer is simple. You can generally claim a deduction for an expense if that expense was used to derive an income. Of c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why isn't money spent on necessities deductible from your taxes? ### Answer: You could debate the "why"s of tax policy endlessly. There are lots of things in tax law that I think are bad ideas, and pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why isn't money spent on necessities deductible from your taxes? ### Answer: Another way to look at it is that deductibles are intended as incentives or subsidies to particular industries (in this cas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My account's been labeled as “day trader” and I got a big margin call. What should I do? What trades can I place in the blocked period? ### Answer: The SEC considers a day trade to be any trade that i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My account's been labeled as “day trader” and I got a big margin call. What should I do? What trades can I place in the blocked period? ### Answer: I assume that whatever you're holding has lost a con...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My account's been labeled as “day trader” and I got a big margin call. What should I do? What trades can I place in the blocked period? ### Answer: You need to contact the trading company and ask them...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: using credit card and paying back quickly ### Answer: Yes, however you would have to wait for the $900 to actually be available in your credit card account if making the transaction from an account fr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: using credit card and paying back quickly ### Answer: I can't speak for every credit card, but I know two of mine don't have overage fees. The transaction either goes through, or gets denied. Check yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I do periodic rollovers from my low-perfoming 401k to an IRA? ### Answer: There are certain allowable reasons to withdraw money from a 401K. The desire to free your money from a "bad" plan is not...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I do periodic rollovers from my low-perfoming 401k to an IRA? ### Answer: You need to check with your employer. It is called an in-service rollover and it is up to your employer on whether or not ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I do periodic rollovers from my low-perfoming 401k to an IRA? ### Answer: My two-cents, read your plan document or Summary Plan Description. The availability of in-service withdrawals will vary by...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I do periodic rollovers from my low-perfoming 401k to an IRA? ### Answer: If the difference in performance is worth it, consider "borrowing" from your 401k to put into the Roth. You pay it back, ...
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: Short answer: it's complicated. The UK govt pages on foreign income are probably your best starting point: http:...
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: A) a tax treaty probably covers this for the avoidance of double taxation. Tax treaties can be very cryptic and ...
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: How can I find out what category a merchant falls into for my credit card's cashback program? [duplicate] ### Answer: Not clear what you're asking. Are you trying to figure out their SIC/NAISC classi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Gift card fraud: To whom to report? How to recover funds? Is the party which issued me the card liable? ### Answer: Citibank just sent me a $100 check. Here's how I got it: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Gift card fraud: To whom to report? How to recover funds? Is the party which issued me the card liable? ### Answer: Question 1: Who do I report such fraud to? Walmart, or their card processor. They ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Gift card fraud: To whom to report? How to recover funds? Is the party which issued me the card liable? ### Answer: Have you checked to see if anything else went missing? Walmart says that because I w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does on-demand insurance company Trov prevent insurance fraud or high prices? ### Answer: Anything can be insured for the right price... this product is offered for devices at higher risk, which w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does on-demand insurance company Trov prevent insurance fraud or high prices? ### Answer: For example, it is not allowed to buy flood insurance at peak flood season and then cancel it when it is o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does on-demand insurance company Trov prevent insurance fraud or high prices? ### Answer: There is not necessarily a need to prevent what you describe - 'turning insurance on before high risk situ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does on-demand insurance company Trov prevent insurance fraud or high prices? ### Answer: I am not familiar with the startup you mentioned, but in general there are three approaches to avoid losin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Personal Tax Deduction for written work to a recognized 501c3 ### Answer: If it's work you'd be producing specifically for this organization, that would not be deductable. Per Publication 526, Charita...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm currently unemployed and have been offered a contract position. Do I need to incorporate myself? How do I do it? ### Answer: In short - if you can't get the job without incorporating, then incorpo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm currently unemployed and have been offered a contract position. Do I need to incorporate myself? How do I do it? ### Answer: Do you need to incorporate? This depends on whether the company prefers...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm currently unemployed and have been offered a contract position. Do I need to incorporate myself? How do I do it? ### Answer: I am co-owner of a business, and we incorporated federally. (Mostly to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm currently unemployed and have been offered a contract position. Do I need to incorporate myself? How do I do it? ### Answer: I know this is a little late but here is my answer. No. You do not "nee...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm currently unemployed and have been offered a contract position. Do I need to incorporate myself? How do I do it? ### Answer: My late answer is: Be aware of the difference of being a contractor and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the consequences of not respecting a notice period when leaving a job? ### Answer: It's provincial jurisdiction, so it can vary by province. In Manitoba, it's different when an employee quit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the consequences of not respecting a notice period when leaving a job? ### Answer: It depends on your employer. They may not care to pursue matters if you don't give enough notice. They might...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the consequences of not respecting a notice period when leaving a job? ### Answer: When I was pursuing my Business Degree in Canada we were told the standard notice period is 2 weeks on both ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Working in Iran for foreign company ### Answer: You should talk to a lawyer who's familiar with the matter. I'm not such a lawyer. For the best of my understanding, at least with regards to the US, th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the rationale behind brokerages establishing tiers/levels for options trading? ### Answer: The different levels are somewhat related to levels of risk. Writing a covered call is pretty low ris...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the rationale behind brokerages establishing tiers/levels for options trading? ### Answer: Option tiers are broker specific, according mostly to their business model and presumably within the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I estimate the value of private stock behind employee stock options? ### Answer: Okay, I'm going to give you my opinion based on experience; not any technical understanding. The options - by t...