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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I received $1000 and was asked to send it back. How was this scam meant to work? ### Answer: I would have asked for the intended recipient's account number and pursue sending the money there. If it's ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I received $1000 and was asked to send it back. How was this scam meant to work? ### Answer: Answers to your questions: (1) Do bank account numbers have a checksum. NO. (2) Is it plausible that they f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I received $1000 and was asked to send it back. How was this scam meant to work? ### Answer: The initial story sounds normal. Happens every day. Checksums cannot prevent this, since it is a typo by th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I received $1000 and was asked to send it back. How was this scam meant to work? ### Answer: Most answers have concentrated on this being a scam, however, it is possible this is an innocent mistake. A...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I received $1000 and was asked to send it back. How was this scam meant to work? ### Answer: I've skimmed through the answers given and I'd like do add another possible scenario. I've recently heard ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate car insurance quote ### Answer: First you should understand the basics of how insurance companies make money: In a simple scenario, assume 1,000 have car insurance. Assume that on ave...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate car insurance quote ### Answer: Does the Insurance value differ from state to state (for example I've a car in Hawaii and there is another car in Illinois with same model, make and sa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate car insurance quote ### Answer: Former software developer at an insurance company here (not State Farm though). All of the above answers are accurate and address how the business anal...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate car insurance quote ### Answer: Question 1: Yes Question 2: There is no simple formula. Car insurance is mostly Statistics, because you have so many millions of cases that the varianc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate car insurance quote ### Answer: On top of the given answers, the type of referral will also factor in. When you're up for renewal and go to a comparison site (in the UK: CompareTheMar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is meant by one being in a “tax bracket”? ### Answer: Tax brackets refer to the range of taxable within which you fall. An income tax bracket usually refers to federal or state tax, not the combi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is meant by one being in a “tax bracket”? ### Answer: As ApplePie discusses, "tax bracket" without any modifiers refers to a single jurisdiction's marginal tax rate. In your case, this is either...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are my investment options in real estate? ### Answer: Your post seems to read as if you want to invest only in real estate rental properties as a start because they will be a reliable investment ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are my investment options in real estate? ### Answer: I compared investing in real estate a few years ago to investing in stocks that paid double digit dividends (hard to find, however, managing ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are my investment options in real estate? ### Answer: Real estate investment is a proven creator of wealth. Check into the history of the rich and you will find real estate investment. Starting ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are my investment options in real estate? ### Answer: If you're looking for a well-rounded view into what it's like to actually own/manage real-estate investments, plus how you can scale things u...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: should the Market Capitalization be equal to the Equity of the firm ### Answer: Lots of questions: In general, no. Market Capitalization and Equity represent 2 different things. Equity first, the equ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a multi-family home to rent part and live in the rest ### Answer: The biggest question is do you want to be a landlord? There are a lot of ups and down to managing property from bad tenants to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a multi-family home to rent part and live in the rest ### Answer: You are a "strategic" investor, which is to say that you are in the best position to evaluate the deal because you already live...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a multi-family home to rent part and live in the rest ### Answer: First, you can look up the property tax of the building you are in for an exact number. Go to you town's tax office or look at ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a multi-family home to rent part and live in the rest ### Answer: There's nothing wrong with it. Living in a two-family house and renting the downstairs was a fairly standard path to the middle...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a multi-family home to rent part and live in the rest ### Answer: Others have already made good points, so I'll just add a few more: You say that if you bought it, your mortgage, insurance, and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a multi-family home to rent part and live in the rest ### Answer: Think carefully about the added expenses. It may still make sense, but it probably won't be as cheap as you are thinking. In ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a multi-family home to rent part and live in the rest ### Answer: Also, does anyone know of any books on doing this sort of thing, i.e. renting out half of your home to a tenant and living in t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a multi-family home to rent part and live in the rest ### Answer: A professional home inspection will clue you in on any problems you might be buying, so it's important in any real estate trans...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a multi-family home to rent part and live in the rest ### Answer: Disadvantage is that tenant could sue you for something, and in an unfavorable judgement they would have access to your house a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a multi-family home to rent part and live in the rest ### Answer: This is one of those too good to be true things that is actually true. Why? Because only you can do this. Only you can deduct f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the tax benefits of a LLC vs a sole proprietorship? ### Answer: This is going to vary tremendously from country to country (and even from state to state, in some cases). In general, though: ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: AVS Address Verification System of BOTH Credit and Debit Cards - WHERE, HOW? ### Answer: Parts of what you want are possible, but taken as a whole, you're out of luck. First of all, there is no maste...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I force him to pay? ### Answer: Its best to seek a lawyer, but it is unlikely you can force him to pay. You probably know couples, that are in some part of the divorce process, that have trouble...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Indicators a stock is part of a pump and dump scheme? ### Answer: Pump-and-dump scams are indeed very real, but the scale of a single scam isn't anywhere near the type of heist you see in movies like ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Indicators a stock is part of a pump and dump scheme? ### Answer: Pump-and-Dump strategy is happening everywhere. Less so in developed market. I can tell an experience from Emerging Market perspective...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Indicators a stock is part of a pump and dump scheme? ### Answer: Note: the answer below is speculative and not based on any first-hand knowledge of pump-and-dump schemes. The explanation with spammin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax Form 1099 and hourly worker do i file a W-2 if my employer filed the 1099 for me? ### Answer: Forms 1099 and W2 are mutually exclusive. Employers file both, not the employees. 1099 is filed for co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I refi a rental property to reduce income tax from positive cash flow and use the equity pulled out to fund an annuity? ### Answer: You need to do a bit more research and as @littleadv often wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are FICA taxes for a sole proprietor in the United States ### Answer: FICA taxes are separate from federal and state income taxes. As a sole proprietor you owe all of those. Additionally, there ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is technical analysis based on some underlying factors in the market or do they work simply because other people use them? ### Answer: Technical analysis is based more on psychology than anything else...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is technical analysis based on some underlying factors in the market or do they work simply because other people use them? ### Answer: Technical Analysis assumes that the only relevant number(s) regar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is technical analysis based on some underlying factors in the market or do they work simply because other people use them? ### Answer: Both explanations are partly true. There are many investors who d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Multiple accounts stagnant after quitting job. ### Answer: Adapted from an answer to a somewhat different question. Generally, 401k plans have larger annual expenses and provide for poorer investment ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Multiple accounts stagnant after quitting job. ### Answer: What is my best bet with the 401K? I know very little about retirement plans and don't plan to ever touch this money until I retire but could...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Multiple accounts stagnant after quitting job. ### Answer: What is my best bet with the 401K? I know very little about retirement plans and don't plan to ever touch this money until I retire but cou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Multiple accounts stagnant after quitting job. ### Answer: You ask multiple question here. The 401(k) - move it to an IRA. As others stated,this will lower your costs, and open up a potential I didn'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax and financial implications of sharing my apartment with my partner ### Answer: I am not a lawyer nor a tax accountant, so if such chimes in here I'll gladly defer. But my understanding is: If you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's a normal personal debt / equity ratio for a highly educated person? ### Answer: Average person's life I'm going to say there is no normal debt level. Here's the standard life pattern: So it rea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's a normal personal debt / equity ratio for a highly educated person? ### Answer: Curious, are you asking about average, or the good numbers? The median family doesn't have $2500 to address an em...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's a normal personal debt / equity ratio for a highly educated person? ### Answer: What is your biggest wealth building tool? Income. If you "nerf" your income with payments to banks, cable, cre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's a normal personal debt / equity ratio for a highly educated person? ### Answer: The problem with having no debt at all and relying totally on your income from working is that if you lose your j...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I live outside of the rat race of American life with 300k? ### Answer: So my read on the question is "How do I invest 300k such that it earns me a 'living wage' without the ongoing grind inher...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I live outside of the rat race of American life with 300k? ### Answer: The title of your question is quite different then the content. The term "Rat Race" was coined in the 70's and refers to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I live outside of the rat race of American life with 300k? ### Answer: An endowment is a large chunk of capital (i.e. money) held by a university or other nonprofit. It is meant to hold its ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I live outside of the rat race of American life with 300k? ### Answer: Even with a good investment strategy, you cannot expect more than 8-10% per year in average. Reducing this by a 3% inflat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I live outside of the rat race of American life with 300k? ### Answer: the short answer: yes. The long answer depends on what you mean by modest living. As others have noted, living off a $300...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I live outside of the rat race of American life with 300k? ### Answer: Consider buying a legal "mother daughter" property, rent out the top part, and live in the "mother" component. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A check I received was lost. My options? ### Answer: Lost checks happen occasionally, and there are procedures in place (banking & business) to handle the situation. First and foremost you need to: N...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I figure out the next step in deciding to sell my home to the market or to a uniquely interested buyer? ### Answer: You decide whether the improvements will result in a net higher price. You a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I figure out the next step in deciding to sell my home to the market or to a uniquely interested buyer? ### Answer: We considered similar big renovations when putting our house on the market. T...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When transferring money between two parties, under what circumstances is it considered taxable income? ### Answer: A loan is not a taxable income. Neither is a gift. Loans are repaid with interest. Th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stock investments less favorable for the smaller investor? ### Answer: You have got it wrong. The profit or loss for smaller investor or big investor is same in percentage terms. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stock investments less favorable for the smaller investor? ### Answer: If you are looking at long-term investments then you can look to Dheer's answer and see that it doesn't matter whether the m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are those “auto-pilot” programs a scam or waste of time? ### Answer: Genuine (nearly) passive income can be had from some kinds of investing. Index funds are an example of a mostly self-managing inves...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are those “auto-pilot” programs a scam or waste of time? ### Answer: These have been around for decades. In the 80's and 90's they had you setup small ads in local newspapers and you would sell a broc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Claiming mileage allowances, what are the rules/guidelines? ### Answer: I believe so (that you can, not that you are greedy) I run my own business and, generally speaking, am 'charging' my company 40p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What kind of company is USAA? ### Answer: The United Services Automobile Association has a funny legal structure: it's not a corporation and has no shareholders. Policyholders and account holders are ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I calculate two standard deviations away from the stock price? ### Answer: The formula for standard deviation is fairly simple in both the discrete and continuous cases. It's mostly safe to use...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I calculate two standard deviations away from the stock price? ### Answer: Standard Deviation is a mathematical term that is useful in many areas. It can be considered a measure of how tight th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can mutual fund prices have opening gaps? Might my order to be filled at a higher price? ### Answer: Mutual funds don't work like stocks in that way. The price of a mutual fund is set at the end of ea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Primary Residence to Investment Property - Changing PMI Terms ### Answer: You could be in a bit of a bind. I wouldn't push it any more until you read your loan papers very carefully. Going back to th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Primary Residence to Investment Property - Changing PMI Terms ### Answer: Do you now own your new home, or are you renting? This is a classic case of a mortgage ready to blow up. These 7/1 interest o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When you're really young and have about 2K to start investing $ for retirement, why do some people advise you to go risky? ### Answer: Why it is good to be risky The reason why it is good to be risky ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When you're really young and have about 2K to start investing $ for retirement, why do some people advise you to go risky? ### Answer: First of all, "going risky" doesn't mean driving to Las Vegas and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When you're really young and have about 2K to start investing $ for retirement, why do some people advise you to go risky? ### Answer: Those who say a person should invest in riskier assets when young...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mailed in One-time Payment by Check ### Answer: I do know that a blank check has all the information they need for the electronic transfer. They probably add it as a customer service to streamline fut...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: VAT & Tax implications of selling software ### Answer: Not sure where the confusion is coming from - software/digital/intangible goods are just like any other product, with regard to VAT. Turns out it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using financial news releases to trade stocks? ### Answer: In the U.S., publicly traded companies are under the rules of Regulation Fair Disclosure, which says that a company must release information ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using financial news releases to trade stocks? ### Answer: Yes, there are very lucrative opportunities available by using financial news releases. A lot of times other people just aren't looking in le...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using financial news releases to trade stocks? ### Answer: No matter how a company releases relevant information about their business, SOMEBODY will be the first to see it. I mean, of all the people l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: how late can i put money into an IRA and still have it count for 2015? ### Answer: The IRA contribution for the year are allowed until the tax day of that year. I.e.: you can contribute for 2015 until...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Multiple people interested in an Apartment ### Answer: I don't know how many people "a ton" is, but if you are getting more than, say, 6 people who are qualified to rent, you've priced it too low. Bet...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Multiple people interested in an Apartment ### Answer: I wouldn't start a bidding war if I were you. Sometimes you may get potentially bad tenants who cannot find a property anywhere else offering mor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Multiple people interested in an Apartment ### Answer: I'm surprised by all these complicated answers. Yes @Victor, you can create a form that asks people to put down their financial information but y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: “Inflation actually causes people not to spend”… could it be true? ### Answer: Inflation can go up for a number of reasons. Boom times can cause inflation, as everyone is making and spending a lot of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: “Inflation actually causes people not to spend”… could it be true? ### Answer: Not always. You always consider economic factors in conjunction with each other rather than in isolation, which leads to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: “Inflation actually causes people not to spend”… could it be true? ### Answer: We need to be careful what we are talking about here. Inflation on a economy-level scale at an expected rate will not ch...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: property owned 50/50 between my brother and me ### Answer: Not sure what you are talking about. The house isn't part of a business so neither of you can deduct half of normal maintenance and repairs....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: property owned 50/50 between my brother and me ### Answer: ASSUMING you're talking about a property in the United States, the answer generally would be "no". You aren't actually paying any of the exp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does Bank of America sometimes refer to itself as Banc of America on some documents? ### Answer: From https://secure.wikimedia.org/wikipedia/en/wiki/Banc: Banq (also Banc, banc-corp, bancorp, or b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the cost of “free” trades? ### Answer: In the case of Wells Fargo, I believe that free trading is linked to your overall banking relationship with the firm. So if you have a checking account w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Intrinsic value of non-voting shares which don't pay dividends ### Answer: Even with non-voting shares, you own a portion of the company including all of its assets and its future profits. If the com...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Intrinsic value of non-voting shares which don't pay dividends ### Answer: Some companies offer discounts for shareholders. I believe Disney used to do so, for example; if your family was doing the Di...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to shop for mortgage rates ? ### Answer: I asked my realtor, but she recommends to go with just one banker (her friend), and not to do any rate shopping. You need a new realtor. Anyone who would...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to shop for mortgage rates ? ### Answer: You can shop for a mortgage rate without actually submitting a mortgage application. Unfortunately, the U.S. Government has made it illegal for the banks ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to shop for mortgage rates ? ### Answer: Pre-qualification is only a step above what you can do with a rate/payment calculator. They don't check your credit history and credit score; they don't a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do you have to be mega-rich to invest in companies pre-IPO? ### Answer: Short answer: No. Being connected is very helpful and there is no consequence by securities regulators against the investor by f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do you have to be mega-rich to invest in companies pre-IPO? ### Answer: No you don't have to be super-rich. But... the companies do not have to sell you shares, and as others mention the government a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do you have to be mega-rich to invest in companies pre-IPO? ### Answer: There are a couple of ways to buy into a private company. First, the company can use equity crowd funding (approved under the J...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would it ever be a bad idea to convert a traditional IRA to a Roth IRA with the following assumptions? ### Answer: Taking all your assumptions: With Roth, you take $6112 from work, (let's call you tax...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would it ever be a bad idea to convert a traditional IRA to a Roth IRA with the following assumptions? ### Answer: Even if you're paying a lot of taxes now, you're talking marginal dollars when you lo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Would it ever be a bad idea to convert a traditional IRA to a Roth IRA with the following assumptions? ### Answer: To answer your question point by point - I'd focus on the last point. The back of my ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Recommended education path for a future individual investor? ### Answer: For a job doing that kind of stuff, what is PREFERRED is 4 year undergrad at ivy league school + 2 year MBA at ivy league schoo...