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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are derivatives different from bucket shops? ### Answer: How are derivatives like covered warrants or CFDs different from the bucket shops that were made illegal in the US? After reading up a litt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can one be non-resident alien in the US without being a resident anywhere else? ### Answer: You'll need to read carefully the German laws on tax residency, in many European (and other) tax laws the lo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can one be non-resident alien in the US without being a resident anywhere else? ### Answer: You may be considered a resident for tax purposes. To meet the substantial presence test, you must have been...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can one be non-resident alien in the US without being a resident anywhere else? ### Answer: If you aren't a US National (citizen or Green Card holder or some other exception I know not of), you're an ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Unusual real estate market with seemingly huge rental returns ### Answer: I would not claim to be a personal expert in rental property. I do have friends and family and acquaintances who run rental un...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Unusual real estate market with seemingly huge rental returns ### Answer: You are suggesting that a 1% return per month is huge. There are those who suggest that one should assume (a rule of thumb her...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Unusual real estate market with seemingly huge rental returns ### Answer: The way to resolve your dilemma is to consult the price-to-rent ratio of the property. According to smartasset.com: The price-...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Monthly money transfers from US to Puerto Rico ### Answer: Puerto Rico: Last I checked, the Puerto Rico banking system wasn't materially different than working within the US - though some Continental ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people buy insurance even if they have the means to overcome the loss? ### Answer: There are a couple of reasons that a person might choose to use insurance even if they could handle the financ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people buy insurance even if they have the means to overcome the loss? ### Answer: For a car, you're typically compelled to carry insurance, and picking up "comprehensive" coverage (fire, theft...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people buy insurance even if they have the means to overcome the loss? ### Answer: Your basic point is correct; the savvy move is to use insurance only to cover losses that would be painful or ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people buy insurance even if they have the means to overcome the loss? ### Answer: All investors have ultimately the same investment goal: maximize returns while limiting risk to an acceptable ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people buy insurance even if they have the means to overcome the loss? ### Answer: Insurance isn't a product designed to protect against financial loss. The product is designed to allow people ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people buy insurance even if they have the means to overcome the loss? ### Answer: Insurance is a funny product. As you said, it is a little like gambling. When I buy term life insurance, I'm...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people buy insurance even if they have the means to overcome the loss? ### Answer: Ignoring that liability car insurance is usually a state mandated requirement and that all banks require full ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people buy insurance even if they have the means to overcome the loss? ### Answer: In addition to stoj's two good points I'll add a couple more reasons: 3) In some situations there are seconda...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people buy insurance even if they have the means to overcome the loss? ### Answer: You're making the assumption that a person would be aware, in advance, that they'd have enough resources to pa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people buy insurance even if they have the means to overcome the loss? ### Answer: This person could buy another car at any moment without any money problems, so I don't really see any point in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What ways are there for us to earn a little extra side money? ### Answer: For your girlfriend (congrats to you both on the coming new baby!), full-time mothers often become work-at-home moms using ski...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What ways are there for us to earn a little extra side money? ### Answer: I don't know what you program during the day, but you could always try your hand a programming for iPhone, Android or Blackber...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What ways are there for us to earn a little extra side money? ### Answer: You or your girlfriend might also consider one of the myriad home "franchises" available (Pampered Chef, Thirty-One, etc). The...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What ways are there for us to earn a little extra side money? ### Answer: Congratulations to you and good luck and good health with the baby. I had a friend in a similar situation, and I told him that...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What ways are there for us to earn a little extra side money? ### Answer: It depends on where you live and how you can think out of the box on earning little extra income on the side. If you live in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What ways are there for us to earn a little extra side money? ### Answer: There are a number of ways and it all depends on your concentration and range of skills (or skills you're willing to develop)....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What ways are there for us to earn a little extra side money? ### Answer: Have you considered doing some small freelance programming jobs? One site I like for this type of thing is eLance.com, but I a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What ways are there for us to earn a little extra side money? ### Answer: Your problem is one that has challenged many people. As you said there are two aspects to balancing a budget, reducing expens...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 401(k) lump sum distribution limited because of highly compensated employees? ### Answer: It's legal. In fact, they are required to do this, assuming you are in fact a HCE (highly compensated employee...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What would a stock be worth if dividends did not exist? [duplicate] ### Answer: Unrealistic assumption, but I'll play along. Ultimately, dividends would exist because some innovative shareholder of so...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What would a stock be worth if dividends did not exist? [duplicate] ### Answer: In the unlikely case that noone finds a way to extract resources from the company and distribute them to shareholders pe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What would a stock be worth if dividends did not exist? [duplicate] ### Answer: As a thought experiment I suppose we can ask where dividends came from and what would be different if they never existed...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What would a stock be worth if dividends did not exist? [duplicate] ### Answer: A share of stock is a small fraction of the ownership of the company. If you expect the company to eventually be of inte...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What would a stock be worth if dividends did not exist? [duplicate] ### Answer: This is how capital shares in split capital investment trusts work they never get any dividend they just get the capital...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Valuing a company and comparing to share price ### Answer: There are books on the subject of valuing stocks. P/E ratio has nothing directly to do with the value of a company. It may be an indication t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does 1099 work with my own company ### Answer: Can I work on 1099 from my own company instead of on W2? The reason is on W2 I can't deduct my commute, Health Insurance and some other expenses ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Safe and cheap way to send money from Canada to South America ### Answer: The catch with any exchange service is that you're going to involve some sort of business and they're going to want to get pa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the tax liabilities for an international transaction? ### Answer: After a bit of rooting around the HMRC sites, I found this page which says this: One key difference is that digitised product...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth incorporating, when working in Canada as a contractor for an employer in the US? ### Answer: Interesting as I am in the exact same situations as yourself. I, in fact, just incorporated. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will getting a second credit card help my credit rating? ### Answer: This very much depends how you use that second line of credit and what your current credit is. There are of course many more combin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will getting a second credit card help my credit rating? ### Answer: No. Getting more credit lowers your credit utilization ratio (if you don't use it), which raises your credit rating, this can also ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will getting a second credit card help my credit rating? ### Answer: Besides your credit score, there are other smart reasons to have a second line of credit. (Your credit score doesn't affect you th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy a parking spot and rent it out, or invest savings in an interest-bearing account? ### Answer: From strictly a gross revenue point of view, the parking spot is going to yield a higher rate (5.4%) v...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I prove having savings without giving out the account number? ### Answer: Giving out your bank account number is not generally a security problem. The first time you write your landlord a securit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I prove having savings without giving out the account number? ### Answer: Have you been rejected from a rental for a specific reason (leading to this question)? Landlords are in the business of e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I prove having savings without giving out the account number? ### Answer: Ask your bank to write a letter asserting that you have $xxxxx on deposit with them, on their letterhead? Though realistic...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I prove having savings without giving out the account number? ### Answer: If you're worried about the account number just take a statement and black out the account number with a Sharpie or the li...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible as a non-Indian citizen to create an Indian bank account (denominated in rupees) that can exchange & repatriate its funds? ### Answer: No, in your situation it is not possible. Mostly, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I be aware of as a young investor? ### Answer: I'm 39 and have been investing since my very early 20's, and the advice I'd like to go back and give myself is the following: 1) Time is your...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I be aware of as a young investor? ### Answer: Disclaimer - I am 51. Not sure how that happened, because I remember being in my late teens like it was yesterday. I've learned that picking...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I be aware of as a young investor? ### Answer: Don't start by investing in a few individual companies. This is risky. Want an example? I'm thinking of a big company, say $120 billion or so...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I be aware of as a young investor? ### Answer: Consistently beating the market by picking stocks is hard. Professional fund managers can't really do it -- and they get paid big bucks to tr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I be aware of as a young investor? ### Answer: You are your own worst enemy when it comes to investing. You might think that you can handle a lot of risk but when the market plummets you d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I be aware of as a young investor? ### Answer: If you're tending toward stocks because you have a long time horizon, you're looking at them for the right reasons. I'm twice your age. I ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I be aware of as a young investor? ### Answer: nan ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I be aware of as a young investor? ### Answer: If you are going to the frenzy of individual stock picking, like almost everyone initially, I suggest you to write your plan to paper. Like, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I be aware of as a young investor? ### Answer: You can't get much better advice for a young investor than from Warren Buffet. And his advice for investors young and old, is "Put 10% of the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I be aware of as a young investor? ### Answer: Risk and return always go hand by hand.* Risk is a measure of expected return volatility. The best investment at this stage is a good, easy ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I be aware of as a young investor? ### Answer: Just don't buy any kind of paper and you will be fine :-) And don't forget most of these 'blue-chip companies' sell marketing garbage which h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I be aware of as a young investor? ### Answer: As a young investor, you should know that the big secret is that profitable long term investing is boring. It is is not buying one day and s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What factors should I consider in picking a bond? ### Answer: just pick a good bond and invest all your money there (since they're fairly low risk) No. That is basically throwing away your money and w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do credit checks affect credit scores? ### Answer: There are two types of credit checks. First is the hard pull which is typically done when you apply for a credit line. The lender will hard pull your...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do credit checks affect credit scores? ### Answer: Hard pulls you give your explicit permission to run do affect your credit. Soft pulls do not. While hard pulls affect your score, they don't affect ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do credit checks affect credit scores? ### Answer: I've seen my score dip a little bit after every hard pull. (Admittedly, a fako score.) You apply for credit or for a credit increase and your score...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do credit checks affect credit scores? ### Answer: While one credit provider (or credit reference agency) might score you in one way, others may score you differently including treating different thin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are the banks and their customers in the United States still using checks? [duplicate] ### Answer: Check use is declining here too, but it still has some practical advantages over electronic means...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are the banks and their customers in the United States still using checks? [duplicate] ### Answer: Because it makes money for all parties, and because the general public is reluctant to any change...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are the banks and their customers in the United States still using checks? [duplicate] ### Answer: In a system where electronic payment is well developed you can consider the following 2 scenarios...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why did the Swiss National Bank fix the EUR/CHF exchange rate at CHF 1.20? ### Answer: Due to the issues in the Eurozone, many foreign investors were buying Swiss Francs as a hedge against a Euro deva...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why did the Swiss National Bank fix the EUR/CHF exchange rate at CHF 1.20? ### Answer: As the European crisis worsened the Swiss Franc (CHF) was seen as a safe currency so Europeans attempted to excha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why did the Swiss National Bank fix the EUR/CHF exchange rate at CHF 1.20? ### Answer: It's not. If you look at the page you link to and change dates, it's clear the rate changes a bit. 120.15 120.1 p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are the sellers selling pre-IPO shares over these websites legitimate or fake? ### Answer: I think you're right that these sites look so unprofessional that they aren't likely to be legitimate. Howeve...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are the sellers selling pre-IPO shares over these websites legitimate or fake? ### Answer: You cannot trade in pre-IPO shares of companies like Facebook without being an accredited investor. If a webs...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is gold really an investment or just a hedge against inflation? ### Answer: The problem I have with gold is that it's only worth what someone will pay you for it. To a degree that's true with any equ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is gold really an investment or just a hedge against inflation? ### Answer: Gold is a commodity. It has a tracked price and can be bought and sold as such. In its physical form it represents somethi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is gold really an investment or just a hedge against inflation? ### Answer: Another answer to this question occurred to me as I started learning more about historical uses for gold etc. Perhaps it's ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is gold really an investment or just a hedge against inflation? ### Answer: Over on Quantitative Finance Stack Exchange, I asked and answered a more technical and broader version of this question, Sho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is gold really an investment or just a hedge against inflation? ### Answer: Gold is not an investment. Gold is a form of money. It and silver have been used as money much longer than paper. Paper m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is gold really an investment or just a hedge against inflation? ### Answer: From Wikipedia: Investment has different meanings in finance and economics. In Finance investment is putting money into so...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is gold really an investment or just a hedge against inflation? ### Answer: Over time, gold has mainly a hedge against inflation, based on its scarcity value. That is, unless finds some "killer app" f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the basis of an asset that is never depreciated? ### Answer: That's tricky, actually. First, as the section 1015 that you've referred to in your other question says - you take the lowest of th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Physical Checks - Mailing ### Answer: Lets say you owed me $123.00 an wanted to mail me a check. I would then take the check from my mailbox an either take it to my bank, or scan it and deposit it via...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Physical Checks - Mailing ### Answer: You can try writing on the back of the check, in the signature area, "For deposit only to account xxxxxxxxx", leaving room for the signature. This may or may not ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: To rebalance or not to rebalance ### Answer: An asset allocation formula is useful because it provides a way to manage risk. Rebalancing preserves your asset allocation. The investment risk of a well-...
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: To rebalance or not to rebalance ### Answer: Rebalancing is, simply, a way of making sure your risk/reward level is where you want it to be. Let's say you've decided that your optimal mix is 50% stock...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: To rebalance or not to rebalance ### Answer: In theory, investing is not gambling because the expected outcome is not random; people are expecting positive returns, on average, with some relationship ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: To rebalance or not to rebalance ### Answer: This answer will assume you know more math than most. An ideal case: For the point of argument, first consider the following admittedly incorrect assumptio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: To rebalance or not to rebalance ### Answer: Yes E[x] is expected value of x. E[x|y] = expected value of x, given y. c, k are some constants Let E[s_{n+1}|s_n=c] = c, but if E[s_{n+1}|s_n,s_{n-1},......
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the interest rate online brokerages paying out tied to? ### Answer: The prime rate is the interest rate banks use amongst themselves to lend money to each other only. It is used as the basis (...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Selling on eBay without PayPal? ### Answer: I've definitely seen a similar conversation about this, I personally don't buy from eBay (Amazon for me). So I turned to the internet to see what I could fi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Selling on eBay without PayPal? ### Answer: One option might be to set up a separate bank account and a separate credit card account, which you would use only for your ebay transactions. I have a fri...
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: Selling on eBay without PayPal? ### Answer: It's been a short while since I sold on eBay, but I had a feedback rating of about 4,500 so I've done a lot of transactions. The trump card is, and always w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Selling on eBay without PayPal? ### Answer: I think you need to have paypal for eBay selling, just for one reason: people will avoid buying from you if they can't pay by paypal. It decreases significa...
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: The other answers describe why this is highly likely to be a scam. This answer describes why you don't wa...
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: Absolute scam. Any time anyone asks you to open a bank account so they can send you money and then you h...
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: Yes, it is a scam. Think about it: Why would a stranger offer to give you money? Why would she need you ...
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: If it's not the classic scam described in Daniel Anderson's answer, then it's probably money laundering. ...
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: This is a scam, I'm adding this answer because I was scammed in this fashion. The scammer sent me a check...
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: The answers here are all correct. This is 100% scam, beyond any reasonable doubt. Don't fall for it. H...
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: 100% scam. Run away. If you have already given the bank account, inform the bank and close the account. E...