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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: My plan is that one day I can become free of the modern day monetary burdens that most adults carry with them and I can enjoy a...
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: It depends on whether you want a career as a fund manager/ analyst or if you want to be an investor/ trader. A fund manager wil...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing in low cost index fund — does the timing matter? ### Answer: If you're worried about investing all at once, you can deploy your starting chunk of cash gradually by investing a bit of it each...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing in low cost index fund — does the timing matter? ### Answer: Yes timing does matter. Using a simple Rate of Change indicator over the past 100 days and smoothed out with a 50 day Moving Aver...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing in low cost index fund — does the timing matter? ### Answer: When you start investing makes a very large difference to the outcome, but that is on the time scale of what generation you were ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing in low cost index fund — does the timing matter? ### Answer: A much less verbose answer is. Don't worry about buying low. You have a whole lifetime to dollar cost average your retirement d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal for a landlord to report a large payment to a tenant using Form 1099? ### Answer: I believe it's not only legal, but correct and required. A 1099 is how a business reports payments to othe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it legal for a landlord to report a large payment to a tenant using Form 1099? ### Answer: It is legal. They're probably going to give you a 1099-MISC, which is required of businesses for many cas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a car company refuse to give me a copy of my contract or balance details? ### Answer: The comments are getting too much, but to verify that you are not insane, you are being bullied. It sounds li...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a car company refuse to give me a copy of my contract or balance details? ### Answer: You won't be able to sell the car with a lien outstanding on it, and whoever the lender is, they're almost cer...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a car company refuse to give me a copy of my contract or balance details? ### Answer: Phone conversations are useless if the company is uncooperative, you must take it into the written word so it ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a car company refuse to give me a copy of my contract or balance details? ### Answer: The advice above is generally good, but the one catch I haven't seen addressed is which specific laws apply. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a car company refuse to give me a copy of my contract or balance details? ### Answer: No, they cannot refuse to provide you with the current balance or a balance history. The other answers point y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tips for insurance coverage for one-man-teams ### Answer: While the OP disses the health insurance coverage offered through his wife's employer as a complete rip-off, one advantage of such coverage is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tips for insurance coverage for one-man-teams ### Answer: Like most forms of insurance, health insurance is regulated at the state level. So what is available to you will depend greatly upon which sta...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Primerica: All it claims to be? ### Answer: Primerica's primary value proposition is that switching from whole or universal life to term life, and investing the difference is a good idea for most peo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Primerica: All it claims to be? ### Answer: Probably not, though there are a few things to be said for understanding what you are doing here. Primerica acts as an independent financial services firm...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Primerica: All it claims to be? ### Answer: I was a Primerica representative, left to be on my own, and then returned. Insurance is one matter that depends on the individual. Some do not need it. Fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do retailers ever stock goods just to make other goods sell better? ### Answer: There's a concept in retail called a "loss leader", and essentially it means that a store will sell an item intentional...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do retailers ever stock goods just to make other goods sell better? ### Answer: They may stock items that frame the various price points. Of course they risk having the items go stale before they are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do retailers ever stock goods just to make other goods sell better? ### Answer: That happens all the time. The best situation for this to happen is when you have several products, each a bit better a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do retailers ever stock goods just to make other goods sell better? ### Answer: Use of this is demonstrated in this video: https://youtu.be/Ip5jG3djdyk Stocking products that you have no intention of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which dividend bearing stock should be chosen by price? ### Answer: Don't ever quantify a stock's preference/performance just based on the dividend it is paying out Volatility defined by movements in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which dividend bearing stock should be chosen by price? ### Answer: Price doesn't mean anything. Price is simply total value (market capitalization) divided by number of shares. Make sure you conside...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which dividend bearing stock should be chosen by price? ### Answer: A 20% dividend yield in most companies would make me very suspicious. Most dividend yields are in the 2-3% range right now and a 20%...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which dividend bearing stock should be chosen by price? ### Answer: In the scenario you describe, the first thing I would look at would be liquidity. In other words, how easy is it to buy and sell sh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a US LLC need to file taxes if owned by a foreign citizen? ### Answer: First, yes, your LLC has to file annual taxes to the US government. All US companies do, regardless of where their owners l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a US LLC need to file taxes if owned by a foreign citizen? ### Answer: An LLC does not pay taxes on profits. As regards tax a LLC is treated as a Partnership, but instead of partners they are cal...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a US LLC need to file taxes if owned by a foreign citizen? ### Answer: There is no such thing as double taxation. If you pay tax in the US, you CAN claim tax credits from India tax authority. Fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does ES1 refer to in this picture? ### Answer: ES1 is the Bloomberg symbol for the CME E-mini S&P 500 front-month continuous contract. ES2, ES3, etc. will likewise yield the 2nd and 3rd months. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does ES1 refer to in this picture? ### Answer: That looks like a Bloomberg terminal. And like @Jer said, it would appear to be the symbol for the S&P 500 E-mini index future. Although it doesn't ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does ES1 refer to in this picture? ### Answer: That looks very much like an S&P 500 E-Mini index future. However, ES1 is a strange symbol. Futures have the month of expiry encoded in their symb...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a bank need to accept deposits from private clients if it can just borrow from the Federal Reserve? ### Answer: They don't actually need to. They accept deposits for historical reasons and b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a bank need to accept deposits from private clients if it can just borrow from the Federal Reserve? ### Answer: borrow money from the Central Bank Wrong premise. They cannot borrow as much a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a bank need to accept deposits from private clients if it can just borrow from the Federal Reserve? ### Answer: Banks cannot just borrow from the Federal Reserve and use that money to make l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a bank need to accept deposits from private clients if it can just borrow from the Federal Reserve? ### Answer: Borrowing money from the Federal Reserve (or other central banks) requires ful...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a bank need to accept deposits from private clients if it can just borrow from the Federal Reserve? ### Answer: They don't need to accept deposits from normal persons, but that's how they ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a bank need to accept deposits from private clients if it can just borrow from the Federal Reserve? ### Answer: Let's just focus on the "why would a bank need to accept deposits from private...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a bank need to accept deposits from private clients if it can just borrow from the Federal Reserve? ### Answer: Central Banks are essentially a cartel, designed to let banks in general borro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a credit card company raise my rates for making a large payment? ### Answer: No. That's pretty unlikely. Card issuers typically base your rate on your credit score. Paying down debt reduces your p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a credit card company raise my rates for making a large payment? ### Answer: Short answer: No, not normally. Long Answer: It depends on the contract. If the 14% is some sort of special offer, wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a credit card company raise my rates for making a large payment? ### Answer: No. Credit card companies will typically not care about your individual credit card account. Instead they look either a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What tax advantage should I keep an eye for if I am going to relocate? ### Answer: Look for states that have no income tax. A lot of these states supplement their revenue with higher property taxes, b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What tax advantage should I keep an eye for if I am going to relocate? ### Answer: Depends. If you can choose where to relocate to, then I second the "no income tax" states. But even of these chose wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What determines a tax resident in Florida ### Answer: Plenty of retired people do stay in the US for longer than 60 days and don't pay taxes. In this IRS document 60 days stay appears to be the test f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What determines a tax resident in Florida ### Answer: I think the 60 days/year come from the IRS tax residency determination, which isn't a Florida law but applies to all the states. Have a look at th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what point does it become worth it to file an insurance claim? ### Answer: An article linked from cnn.com has some great advice, which I think are good rules of thumb. Also, at least my insurance g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what point does it become worth it to file an insurance claim? ### Answer: At what point can you not afford the repair, and how will that repair affect your home? In your scenario, you would be cla...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: At what point does it become worth it to file an insurance claim? ### Answer: We learned the hard way on this one. First, our area was hit with what was called an "inland hurricane" where we forced t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do US banks exchange info with countries abroad? ### Answer: Banks do not report transactions within accounts except as required by law, usually as part of anti-money-laundering efforts. Generally tho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I want to invest in Gold. Where do I go and buy it? ### Answer: Without getting into whether you should invest in Gold or Not ... 1.Where do I go and make this purchase. I would like to get the best p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I want to invest in Gold. Where do I go and buy it? ### Answer: I do not know anything about retail investing in India, since I am in the US. However, there are a couple of general things to keep in m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I want to invest in Gold. Where do I go and buy it? ### Answer: You can buy from any of the well known jewelry shops. Or you can even buy it from banks. For a 24carat gold purchase, you would normally...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are credit cards preferred in the US? ### Answer: There are several reasons why credit cards are popular in the US: On the other hand, debit cards do not have any of these going for them. A debit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are credit cards preferred in the US? ### Answer: For me, it is mostly for the fraud protection. If I have a debit card and someone makes a fraudulent charge the money is removed from my bank acco...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are credit cards preferred in the US? ### Answer: There are two things I can think of that might be different in other countries: Until 2013, American Express, Visa and MasterCard prevented busine...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are credit cards preferred in the US? ### Answer: Your question is based on a false premise. Debit cards are more popular in the US than credit cards are. Indeed it seems to be the non-US part of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are credit cards preferred in the US? ### Answer: Personally, I use my credit cards for everything because I get reward points (or, cash back, depending on the card), and I build credit history. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are credit cards preferred in the US? ### Answer: nan ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are credit cards preferred in the US? ### Answer: The real reason credit cards are so popular in the US is that Americans are lazy and broke, and the credit card companies know how to market to th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are credit cards preferred in the US? ### Answer: Credit card fraud protection (by law), credit card cash back programs (provided by most CC issuers), and debit card fees (commonly imposed by the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does it make sense to take out student loans to start an IRA? ### Answer: Depending on the student loan, this may be improper usage of the funds. I know the federal loans I received years ago were to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does it make sense to take out student loans to start an IRA? ### Answer: IRA contributions are limited; you cannot "dump the excess into a retirement account like an IRA" if the excess is more than $...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does it make sense to take out student loans to start an IRA? ### Answer: I will split my answer in a few sections... Note: I will not address the legal aspect of the question. If you can or not use F...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does it make sense to take out student loans to start an IRA? ### Answer: I'd check the terms of the student loan. It's been a long time since I had a student loan, but when I did it had restrictions ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are index trackers subject to insolvency risk? ### Answer: The Financial Services Compensation Scheme says: Investments FSCS provides protection if an authorised investment firm is unable to pay cla...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Confused about employee stock options: How do I afford these? ### Answer: ISOs (incentive stock options) can be closed out in a cashless transaction. Say the first round vests, 25,000 shares. The stoc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Confused about employee stock options: How do I afford these? ### Answer: I've been offered a package that includes 100k stock options at 5 dollars a share. They vest over 4 years at 25% a year. Does ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Confused about employee stock options: How do I afford these? ### Answer: nan ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Confused about employee stock options: How do I afford these? ### Answer: Stock options represent an option to buy a share at a given price. What you have been offered is the option to buy the compan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Confused about employee stock options: How do I afford these? ### Answer: the short answer is: No. you do not HAVE to pay $125,000.00 at the end of your first year. that is only the amount IF you deci...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When's 0% financing the least costly (best) option? ### Answer: A Lease is an entirely different way of getting a car. In two situations it makes sense, in all other scenarios it generally doesn't mak...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: England: Alternative to Student Finance ### Answer: Since you're also looking for alternative means of funding, have you considered doing part-time work -- during the holidays or on some of the weeken...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I find a checking account that allows for automated transfers of dynamic amounts? ### Answer: Almost any financial institution has the technical ability to do this (simply called sweeps, auto ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do third-party banks issue car loans? ### Answer: I have gotten a letter of credit from my credit union stating the maximum amount I can finance. Of course I don't show the dealer the letter unti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do third-party banks issue car loans? ### Answer: I have had it two way now: I got pre-approval from my credit union which just so happened to be one of the bigger vehicle lenders in the metro are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ordering From UK to Base Overseas - VAT exempt? ### Answer: If you are an UK citizen and resident, then no. If you are an EU resident or non-EU resident then yes, but there are conditions. Source You ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I trade FX spot options, other than saxobank.com? ### Answer: If you have a big pocket there are quite a few.. not sure if they take us clients though. Vcap, Barclays, Icap, Fixi, Fc Stone,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I trade FX spot options, other than saxobank.com? ### Answer: Oanda.com trades spot forex and something they call box options, it's not quite what you are looking for, but maybe worth looki...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I trade FX spot options, other than saxobank.com? ### Answer: Have you looked at ThinkorSwim, which is now part of TD Ameritrade? Because of their new owner, you'll certainly be accepted as...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I trade FX spot options, other than saxobank.com? ### Answer: You can trade currency ETF options on IB. It is SIPC insured; the options are just like vanilla options in Saxo. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I trade FX spot options, other than saxobank.com? ### Answer: To other users save yourselves time, do not test any of the alternatives mentioned in this post. I have, to no avail. At the mo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Vanguard ETF vs mutual fund ### Answer: See my comment for some discussion of why one might choose an identical fund over an ETF. As to why someone would choose the higher cost fund in this instance ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Vanguard ETF vs mutual fund ### Answer: Where are you planning on buying this ETF? I'm guessing it's directly through Vanguard? If so, that's likely your first reason - the majority of brokerage acc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Vanguard ETF vs mutual fund ### Answer: One reason is that it is not possible (at Vanguard and at many other brokerages) to auto-invest into ETFs. Because the ETF trades like a stock, you typically m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Bait-and-switch on new car lease ### Answer: Within some limitations, the dealer is allowed to approve or deny lending to anyone that it chooses. Those constraints are the basics that you'd expect fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Bait-and-switch on new car lease ### Answer: I strongly discourage leasing (or loans, but at least you own the car at the end of it) in any situation. it's just a bad deal, but that doesn't answer you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculation, timing, and taxes related to profit distribution of an S-corp? ### Answer: We will bill our clients periodically and will get paid monthly. Who are "we"? If you're not employed - you're n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculation, timing, and taxes related to profit distribution of an S-corp? ### Answer: It's whatever you decide. Taking money out of an S-Corp via distribution isn't a taxable event. Practically spea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do cash back credit cards give a higher rate for dining and gasoline purchases? ### Answer: These two categories ensure you will carry the card in your wallet (since they only work for physical lo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do cash back credit cards give a higher rate for dining and gasoline purchases? ### Answer: I am not sure but probably it depends upon the cut the credit card company receives from the merchant. F...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do cash back credit cards give a higher rate for dining and gasoline purchases? ### Answer: Don't really know but I can guess. Firstly, everyone thinks the price of gas is too high. You drive to w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does Edmunds get a kick-back from the use of Edmunds Price Promise? ### Answer: Yes, Edmunds gets money from the dealerships in this program. According to this USA Today article from 2013, dealers pay...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to buy this used car from Craigslist or from a dealership? ### Answer: I do not think you are missing much. One thing you have right is low cost cars depreciate almost nothing. One thin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to buy this used car from Craigslist or from a dealership? ### Answer: The 200K vehicle is likely the better deal. Get your own mechanic to check it out. If it doesn't have major issues...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to buy this used car from Craigslist or from a dealership? ### Answer: I agree with the previous comments one thing that got brought up a while back when I was looking into purchasing a P...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better to buy this used car from Craigslist or from a dealership? ### Answer: You seem to be on the right track. I feel, though, that it's worth addressing your maintenance budget. Even if bot...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Escrow Removal Fee? ### Answer: Assume they do not overwithhold. You pay in $500/mo, and every time it hits $3000, they pay the tax. Engineers call this a sawtooth function, it looks like this. The a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Escrow Removal Fee? ### Answer: Consider that the bank of course makes money on the money in your escrow. It is nothing but a free loan you give the bank, and the official reasons why they want it are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: United States Treasury Not Endorsing Checks ### Answer: 1.Why is there no "United States Treasury" endorsement? Why should there be, and what do you think it would look like? Some person at Treasury s...