Datasets:
circircircle
/
FinQA

Dataset card Data Studio Files
xet
 Community
text
stringlengths
146
45.7k
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I explain why debt on debt is bad to my brother? ### Answer: This is not the case with your brother only. There are many business which run on this premise. It goes till the time all the condit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I explain why debt on debt is bad to my brother? ### Answer: I'm not sure how much living expenses are there but half of $12,600 in the US would be a decent monthly income. I agree that debt ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would parking at a parking lot near or in my residence prevent me from paying for it with my transit FSA? ### Answer: No, it doesn't look like you can use the employee benefit to pay for parking near ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do property taxes get deducted 100% from the Annual Tax Return or only a fraction of them? ### Answer: If your deductions are higher than the standard deduction, you will be able to subtract property ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do property taxes get deducted 100% from the Annual Tax Return or only a fraction of them? ### Answer: In 2012, the standard deduction is $5950 for a single person. Let's assume you are very charitab...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do property taxes get deducted 100% from the Annual Tax Return or only a fraction of them? ### Answer: To bring more clarity to the issue, Viriato will be entitle to deduct property tax depending upon...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do property taxes get deducted 100% from the Annual Tax Return or only a fraction of them? ### Answer: Any deductable expense will reduce your taxable income not your tax payable. Your Example 1 above...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Few questions related to Balance sheet and Income Statement? ### Answer: 1.) There is no logic in this question, because when there is an increase in net income for the year it will be in the form of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: international student tax deduction while trading ### Answer: So, my question is what is the limit below which I don't have to pay taxes while trading. I just invested $10. Do I have to pay taxes for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Unmarried Couple Splitting up with Joint Ownership of Home ### Answer: Despite the unmarried status, you need to see a lawyer. Essentially you have a business with this person owning a home as the a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Unmarried Couple Splitting up with Joint Ownership of Home ### Answer: Because you're not married, its a partnership agreement, and unless there's a written contract, either the two of you agree on h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does a CFP do? ### Answer: A Certified Financial Planner has passed a licensing exam and will advise you and help you reach your financial goals. A good CFP can help you a lot, especially if you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does a CFP do? ### Answer: CFP stands for "Certified Financial Planner", and is a certification administered by the CFP board (a non-government non-profit entity). This has nothing to do with ins...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is legal sending dollars to someone in Mexico, and sending them back for profit? ### Answer: It is certainly legal to transfer money between people, no matter how often, as long as the money is not or...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I prioritize retirement savings inside of my HSA? ### Answer: Unquestionably I think the priority should be funding retirement through ROTH/IRA/401K over HSA extra. Obviously you need to fund ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I prioritize retirement savings inside of my HSA? ### Answer: You would want to prioritize Roth and retirement over HSA. As the HSA is only for health and dental expenses, which you will always...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: High credit utilization, some high interest - but credit score not overly bad. How to attack debt in this situation? ### Answer: You need to pay off the entire balance of 7450 as soon as possible. Thi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: High credit utilization, some high interest - but credit score not overly bad. How to attack debt in this situation? ### Answer: The bottom line is you have an income problem. Your car payment seems ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: High credit utilization, some high interest - but credit score not overly bad. How to attack debt in this situation? ### Answer: While paying off your debt quickly is obviously desirable it is simply ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Meanings of “price of the derivative” ### Answer: @Tim - in this case, a futures contract isn't like an options contract. It's simply a method of entering into an agreement for delivery at a future da...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Meanings of “price of the derivative” ### Answer: No, it means what it says. Prices change, hence price of the derivative can go down even if the price of the underlying doesn't change (e.g. theta dec...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Super-generic mutual fund type ### Answer: You can also create a CD ladder (say 1/3 in a 6 month CD, 1/3 in a 1 year CD, 1/3 in a 2 year CD) with half of your emergency fund money. You always want to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Super-generic mutual fund type ### Answer: Since this is your emergency fund, you generally want to avoid volatility while keeping pace with inflation. You really shouldn't be looking for aggressive ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Super-generic mutual fund type ### Answer: Congrats on having such a nice emergency fund. That's pretty substantial. I don't want to be the one to suggest the One Investment To Rule Them All because ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Super-generic mutual fund type ### Answer: It sounds like you want a place to park some money that's reasonably safe and liquid, but can sustain light to moderate losses. Consider some bond funds or b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Super-generic mutual fund type ### Answer: Since you already have twice your target in that emergency fund, putting that overage to work is a good idea. The impression that I get is that you'd still l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Super-generic mutual fund type ### Answer: If you are looking for an index index fund, I know vanguard offers their Star fund which invests in 11 other funds of theirs and is diversified across stocks...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I collect receipts after paying with a card? ### Answer: Keeping a receipt does allow you to verify that the expected amount was charged/debited it also can help when you need to return an item...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I collect receipts after paying with a card? ### Answer: I've seen many people sign a restaurant credit card receipt and walk away. Easy enough for the wait staff to add a tip and total. I do...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I collect receipts after paying with a card? ### Answer: It surely doesn't HURT to keep a receipt. I tend to pile up receipts in my desk drawer, never look at them, and then every few months th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I collect receipts after paying with a card? ### Answer: It is probably safe to throw away the receipt. Without a system to process and store receipts, they are of little use. With regards to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I collect receipts after paying with a card? ### Answer: In this answer, I won't elaborate on the possibilities of fraud (or pure human error), because something can always go wrong. I will, ho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I exchange my Scottish pounds for English ones? ### Answer: Scottish banknotes are promissary notes of the banks issuing them. Their value will be paid in UK legal tender any time as long as t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Cheapest USD to GBP transfer ### Answer: Use a remitting service such as Ria Money Transfer. Almost all these services allow you to transfer upto $2999 at a time. So, you would be able to transfer th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Contributing factors to historical increase in trading volume ### Answer: Prior to 1975, commissions for trading stock on the NYSE were fixed at 1% of the amount of the trade. In 1975, the SEC made f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Contributing factors to historical increase in trading volume ### Answer: It's not primarily more people investing. In the 1980s stock exchanges went from open outcry trading floors where all trades i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do mutual fund companies deliberately “censor” their portfolios/funds? ### Answer: Do mutual funds edit/censor underperforming investments to make their returns look better, and if so, is there any ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do mutual fund companies deliberately “censor” their portfolios/funds? ### Answer: There is a survivorship bias in the mutual fund industry. It's not about individual stocks in which those funds inves...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do mutual fund companies deliberately “censor” their portfolios/funds? ### Answer: If I invest in individual stocks I will, from time to time, sell stocks that aren't performing well. If the value of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it accurate to say that if I was to trade something, my probability of success can't be worse than random? ### Answer: The stock market is not a zero-sum game. Some parts are (forex, some option t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it accurate to say that if I was to trade something, my probability of success can't be worse than random? ### Answer: One key piece missing from your theory is the bid/ask spread. If you buy a sto...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it accurate to say that if I was to trade something, my probability of success can't be worse than random? ### Answer: I'm just trying to visualize the costs of trading. Say I set up an account to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it accurate to say that if I was to trade something, my probability of success can't be worse than random? ### Answer: If i do this, I would assume I have an equal probability to make a profit or a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it accurate to say that if I was to trade something, my probability of success can't be worse than random? ### Answer: It seems to be that your main point is this: No matter what, my chances cannot...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it accurate to say that if I was to trade something, my probability of success can't be worse than random? ### Answer: The previous answers make valid points regarding the risks, and why you can't ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it accurate to say that if I was to trade something, my probability of success can't be worse than random? ### Answer: In theory, in a perfect world, what you state is almost true. Apart from trans...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it accurate to say that if I was to trade something, my probability of success can't be worse than random? ### Answer: Don't compare investing with a roll of the dice, compare it with blackjack and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Self assessment expenses - billing date or payment date? ### Answer: Unless you're running a self-employed business with a significant turnover (more than £150k), you are entitled to use cash basis ac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is a stock that pays a dividend preferrable to one that doesn't? ### Answer: Check out the questions about why stock prices are what they are. In a nutshell, a stock's value is based on the future...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is a stock that pays a dividend preferrable to one that doesn't? ### Answer: The ultimate reason to own stock is to receive cash or cash equivalents from the underlying security. You can argue tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is a stock that pays a dividend preferrable to one that doesn't? ### Answer: One reason to prefer a dividend-paying stock is when you don't plan to reinvest the dividends. For example, if you're ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is a stock that pays a dividend preferrable to one that doesn't? ### Answer: Dividend paying stocks are not "better" In particular shareholders will get taxed on the distribution while the compan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Work on the side for my wife's company ### Answer: My understanding (I am not a lawyer or tax expert) is that you are not allowed to work for free, but you can pay yourself minimum wage for the hours ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Work on the side for my wife's company ### Answer: In the US, you'd run the risk of being accused of fraud if this weren't set up properly. It would only be proper if your wife could show that she we...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Work on the side for my wife's company ### Answer: Depending on how much freelance work we're talking about you could set up a limited company, with you and your wife as directors. By invoicing all yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Comparing/reviewing personal health insurance plans for the self-employed ### Answer: I was in your situation a few years ago and I discovered something that worked perfectly for me - a local health i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Comparing/reviewing personal health insurance plans for the self-employed ### Answer: Here's an old-ish article from the NYT that discusses this. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Comparing/reviewing personal health insurance plans for the self-employed ### Answer: Health insurance is tough, as you know, because the offerings vary dramatically by State, and there is the added c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: what are the benefits of setting up an education trust fund for children? ### Answer: Well, first off, if your children are NZ citizens, they can borrow money at 0% interest for tertiary education and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: devastated with our retirement money that we have left ### Answer: I'm going to discuss this, in general, as specific investment advice isn't allowed here. What type of account is the $60K in now? I m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: devastated with our retirement money that we have left ### Answer: It sounds like the kinds of planners you're talking to might be a poor fit, because they are essentially salespersons selling investm...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: devastated with our retirement money that we have left ### Answer: I'll be blunt. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: devastated with our retirement money that we have left ### Answer: When you say: I am 48 and my husband is 54. We have approx. 60,000.00 left in our retirement accounts. We want to move our money into...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: devastated with our retirement money that we have left ### Answer: The answers you've received already are very good. I truly sympathize with your situation. In general, it makes sense to try to build...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: devastated with our retirement money that we have left ### Answer: Get a job, if you don't have one right now. Take deductions from your paycheck for an IRA or 401K if the company has one. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can rent be added to your salary when applying for a mortgage? ### Answer: The decision as to what counts as income is up to the bank. You'll need to ask them whether or not rental income can be inclu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can rent be added to your salary when applying for a mortgage? ### Answer: I am in Australia, but I think the banks in the UK would use similar wrkings. Your options 1 and 2 are basically no. Why woul...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can rent be added to your salary when applying for a mortgage? ### Answer: The days are long gone when offered mortgages were simply based on salary multiples. These days it's all about affordability,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can rent be added to your salary when applying for a mortgage? ### Answer: I can answer Scenario #3. If you are purchasing a property with buy-to-let intentions […] can you use the rental income exc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Effect on Bond asset allocation if Equity markets crash? ### Answer: what will happen to the valuation of Tom's bond holdings after the equity crash? This is primarily opinion based. What will happen ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Effect on Bond asset allocation if Equity markets crash? ### Answer: I agree that the cause of the crash can make a huge difference in the effect on the bond market. Here's a few other possibilities: ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Estate taxes and the top 1 percent by net worth ### Answer: Of course, you've already realized that some of that is that smaller estates are more common than larger estates. But it seems unlikely tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Estate taxes and the top 1 percent by net worth ### Answer: There are two main reasons for the difference between these two numbers: While there are a few people that are wildly wealthy, most of the p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Estate taxes and the top 1 percent by net worth ### Answer: There are two key reasons: Consider a family of four, two kids and two adults, that has a net worth of $20 million. Each of these four peopl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Estate taxes and the top 1 percent by net worth ### Answer: Data is a funny thing. There are many different ways of constructing data sets. Keep in mind, the cite you linked is fine, I follow this kin...
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: Saving for college you have a couple of options. 529 plans are probably the best bet for most people wanting to sav...
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: (Congratulations on the little one on the way.) I'd recommend saving outside of tax-advantaged accounts. Pay your t...
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: Being in the same situation, and considering that money doesn't need to be available until 2025, I just buy stocks. ...
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: Saving for school is [fundamentally] no different than saving for any other major purchase: in addition to some of t...
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: Others have given some good answers. I'd just like to chime in with one more option: treasury I-series bonds. They'r...
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: What are my chances at getting a mortgage with Terrible credit but High income ### Answer: With bad credit but good income, I would simply save a large down payment. You're much more likely to get a m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are my chances at getting a mortgage with Terrible credit but High income ### Answer: I also am paying roughly twice as much in rent as a mortgage payment would be on the type of house I have bee...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are my chances at getting a mortgage with Terrible credit but High income ### Answer: First step, pull a copy of your credit report, and score. You should monitor that score and do what you can t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are my chances at getting a mortgage with Terrible credit but High income ### Answer: The bottom line, is that you are doing the right thing now: correcting your past indiscretions. Get those c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Saving for a down payment on a new house, a few years out. Where do we put our money next? ### Answer: If you're absolutely certain that you won't buy a house within a year or so, I'd still be tempted...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Saving for a down payment on a new house, a few years out. Where do we put our money next? ### Answer: In October 2011 in the United States, you just don't have any options. Save your money in a savi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Saving for a down payment on a new house, a few years out. Where do we put our money next? ### Answer: Rewards cards charge the merchant more to process. So the card is making money when you use it. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does investing in a company support it? ### Answer: Would you consider the owner of a company to be supporting the company? If you buy stock in the company you own a small part of that company. Your p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does investing in a company support it? ### Answer: We're not "helping" the company in a comparable sense to donating money to a non-profit. As you wrote, investing in a company deals with ownership ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does investing in a company support it? ### Answer: As others have said, it simply makes you a part owner. Even if you have ethical objections to a company's behavior, I'd argue that investing in it a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does investing in a company support it? ### Answer: As said by others, buying shares of a company will not support it directly. But let's think about two example companies: Company A, which has 90 % s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why buy insurance? ### Answer: Because people are Risk Averse. Suppose that you own an asset worth $10,000 to you. Suppose that each year, the asset has 1% chance of being stolen (or completely broke...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why buy insurance? ### Answer: Discussions around expected values and risk premiums are very useful, but there's another thing to consider: cash flow. Some individuals have high value assets that are ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why buy insurance? ### Answer: As someone who has worked for both an insurance carrier and an insurance agent, the reason people buy insurance is two fold: to spread risk out, and to get the benefits ...
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: Why buy insurance? ### Answer: One reason is that insurance gives you tranquility. Without insurance, you live with the uncertainty of not knowing if/when disaster is going to strike. Insurance allow...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why buy insurance? ### Answer: There's an old saying among commodities producers... If it's likely to happen, but won't kill you, you hedge (save/"self-insure", options, futures). If it's not likely t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why buy insurance? ### Answer: (Disclosure - I am a real estate agent, involved with houses to buy/sell, but much activity in rentals) I got a call from a man and his wife looking for an apartment. He...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why buy insurance? ### Answer: This is just an addition to base64's answer. In order to maximize your overall wealth (and wellbeing) in a long run, it is not enough to look only at the expected value...