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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: United States Treasury Not Endorsing Checks ### Answer: Welcome to the 21st century, the New Order. Forget all that legal mumbo jumbo you may have read back in law school in the 1960s about commercial...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is Net Asset Value (NAV) only reported by funds, but not stocks? ### Answer: The (assets - liabilities)/#shares of a company is its book value, and that number is included in their reports. It's e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is Net Asset Value (NAV) only reported by funds, but not stocks? ### Answer: Nobody tracks a single company's net assets on a daily basis, and stock prices are almost never derived directly from t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Diversify my retirement investments with a Roth IRA ### Answer: Yep, most 401k options suck. You'll have access to a couple dozen funds that have been blessed by the organization that manages your acc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Diversify my retirement investments with a Roth IRA ### Answer: Without making specific recommendations, it is worthwhile to point out the differing tax treatments for a Roth IRA: investments in a Rot...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are AAA private-sector corporate bonds safer than government bonds? ### Answer: If you are afraid of your government defaulting, then you also have reason to fear that your country's so-called "AAA" c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are AAA private-sector corporate bonds safer than government bonds? ### Answer: Haven't there been examples of governments defaulting, delaying payment and imposing haircuts on investors? Greece and A...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the profit of a company directly affect its stock or indirectly by causing people to buy or sell? ### Answer: The short answer to your question is yes. Company performance affects stock price on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the profit of a company directly affect its stock or indirectly by causing people to buy or sell? ### Answer: people implicity agree to sell stocks when a company does bad But, remember, when you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the profit of a company directly affect its stock or indirectly by causing people to buy or sell? ### Answer: Yes, the price of a stock is what investors think the value of a stock is, which is n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I avoid international wire fees or currency transfer fees? ### Answer: Be aware that ATM withdrawals often generate hidden fees, which are not obviously declared. Many banks operate e.g. with ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I avoid international wire fees or currency transfer fees? ### Answer: I faced something similar for travel or work reasons, and as for me I preferred wire transfer over credit card withdrawal...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I avoid international wire fees or currency transfer fees? ### Answer: Several possibilities come to mind: Several online currency-exchange brokers (such as xe.com and HiFx) offer very good ex...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I avoid international wire fees or currency transfer fees? ### Answer: One way is to wire transfer large amounts. If you transfer $5,000 at one go, that $50 fee works out to 1%, same as the $5...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I avoid international wire fees or currency transfer fees? ### Answer: I did some empirical research, comparing the exchange rates for wire transfers vs. the exchange rates for ATM withdrawals...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I avoid international wire fees or currency transfer fees? ### Answer: My preferred method of doing this is to get a bank draft from the US in Euros and then pay it into the French bank (my co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I avoid international wire fees or currency transfer fees? ### Answer: Check global ATM alliance they are banks that use reciprocal benefits on each other in other countries without fees. For ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I avoid international wire fees or currency transfer fees? ### Answer: Depending on your income/savings level and who you work for (if you work for a big company check with an HSBC Premier adv...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I avoid international wire fees or currency transfer fees? ### Answer: I haven't seen this answer, and I do not know the legality of it, as it could raise red flags as to money laundering, but...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I avoid international wire fees or currency transfer fees? ### Answer: I think the one single answer is that the answer depends on the two countries involved and their banks' practices. To fin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I not have a credit score? ### Answer: Generally, if you have a loan, you have a credit score. But since you have never had a loan before, then it is likely that you do not have a credit score. You...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I not have a credit score? ### Answer: You can't get your credit score for free, just the report with the information the score is based on. If you got credit reports through annualcreditreport.c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I not have a credit score? ### Answer: I'm the contrarian in the crowd. I think credit scores and debt are the closest thing to evil incarnate. You're in good company. The absence of a credit score...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: US sanctions against foreign citizens ### Answer: Are most big US based financial institutions and banks in such a close relationship with USCIS (United States Citizenship And Immigration Services) s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: US sanctions against foreign citizens ### Answer: US Sanctions are usually very nuanced and you should look them up yourself. It may be widely reported that "US sanctions X-country" and it may be wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to refuse a Clearxchange payment? ### Answer: Your bank uses ClearXchange, not you. It is not a website where you open an account, like many others, but an inter-bank transfer system based on emai...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it correct to call an exchange-traded note a type of ETF? ### Answer: They're exchange traded debt, basically, not funds. E.g. from the NYSE: An exchange-traded note (ETN) is a senior unsecured deb...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are banks providing credit scores for free? ### Answer: I think the biggest reason is price; it's a lot cheaper now than it was to offer these. That's because for the most part, when you get a cr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are banks providing credit scores for free? ### Answer: Why are banks all of a sudden providing people their credit scores for free? Because it is a really good idea. On an ABC Bank website, it ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are banks providing credit scores for free? ### Answer: Two possible reasons: You can tell which scenario it is based on the credit history they provide you. If you look at the history and they sh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are banks providing credit scores for free? ### Answer: It's the inevitable result of the Fair, Isaac Company deciding to sell access to credit scores to the general public: some marketing dude at...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are banks providing credit scores for free? ### Answer: An alternative take on the "why" is that most people's credit is better than they think, and all of these banks offer credit products. Put ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I keep most of my banking, credit, and investment accounts at the same bank? ### Answer: http://www.fdic.gov/deposit/deposits/index.html FDIC currently insures up to $250,000. (I would have p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I keep most of my banking, credit, and investment accounts at the same bank? ### Answer: For personal accounts, I can't imagine that this is too much of a problem. The only concern that I can ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I keep most of my banking, credit, and investment accounts at the same bank? ### Answer: Here's my answer for what it's worth: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I keep most of my banking, credit, and investment accounts at the same bank? ### Answer: I've had all my account with the same bank for all my life. Generally, the disadvantage is that if I wan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Insurance broker - Online vs. physical location? ### Answer: Traditional insurance agent guy here. There is no right answer in my opinion because your individual needs cannot be generalized. Ther...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are these scenarios considered as taxable income? ### Answer: For case 1, there is no tax due as you sold the book for less than your cost basis. If you had sold for more than $100, then you would hav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are these scenarios considered as taxable income? ### Answer: You can always reduce the income by the direct expenses required to earn it, and figure out whether it is ultimately a net profit or loss....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What home improvements are tax deductible? ### Answer: In general, for a home you live in, there's maintenance, which is just that, you pay to keep your house in good repair. There's also real improv...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What home improvements are tax deductible? ### Answer: On a personal income tax return home improvements are generally not deductible on a federal level. There might be some exceptions made for speci...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What home improvements are tax deductible? ### Answer: As noted above but with sources An improvement materially adds to the value of your home, considerably prolongs its useful life, or adapts it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What home improvements are tax deductible? ### Answer: Home Improvements that improve the home's Energy Efficiency are currently eligible for federal tax credits. This includes renewable energy equipm...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Receive money from US Client to Myself in India by selling services ### Answer: You can receive funds from US Client as an individual. There is no legal requirement for you to have a company. If the t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Receive money from US Client to Myself in India by selling services ### Answer: Depending on how tech savvy your client is you could potentially use bitcoin. There is some take of indian regulators st...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a merchant charge you more in the US if you want to use a credit card? ### Answer: This isn't so much a legal issue, the prohibition on giving discounts was written into the merchant agreements th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a merchant charge you more in the US if you want to use a credit card? ### Answer: I'm not sure about the laws in specific states. However it's part of their merchant agreement that they can not c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you invest in real estate without using money? ### Answer: I know this is broad, but this isn't a scam -- it's a workshop/educational thing about teaching people of investing in the real es...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you invest in real estate without using money? ### Answer: Sounds like the seminar is about using OPM (other people's money), which means you're going to have to find not just real estate, but ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you invest in real estate without using money? ### Answer: This is one way in which the scheme could work: You put your own property (home, car, piece of land) as a collateral and get a loan fr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you invest in real estate without using money? ### Answer: They're probably talking about flipping houses. The conventional wisdom when flipping is to purchase the property with a mortgage or o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you invest in real estate without using money? ### Answer: I've been to one of these seminars: a) you can get a loan of up to $700,000 from the company and only have to pay a fixed amount for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you invest in real estate without using money? ### Answer: There is (almost) always money involved somewhere, but it doesn't have to come from you. It can be investors, credit cards, or even s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you invest in real estate without using money? ### Answer: I have a friend who had went on a seminar with FortuneBuilders (the company that has Than Merrill as CEO). He told me that one of the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is 'consolidating' debt and why do people do it? ### Answer: With the scenario that you laid out (ie. 5% and 10% loans), it makes no sense at all. The problem is, when you're in trouble the rates...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is 'consolidating' debt and why do people do it? ### Answer: The debt on Credit Cards is pretty high. Its in the range of 30-40% APR. There could also be a case very high personal loan for medica...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is 'consolidating' debt and why do people do it? ### Answer: This can mean a few things to me. Some of which has been mentioned already. It can mean one (or all) of the following to me: You take...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is 'consolidating' debt and why do people do it? ### Answer: Debt consolidation is basically getting all your debt into one loan. This is possibly more convenient, and lets you close the other ac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I claim tax back from whilst I was working in Austria? ### Answer: I don't have any specific situation on the situation in Austria, but in general there are a few things that you should keep i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a company allowed to give employees an option for a bonus to be paid out as a 401k match or cash? ### Answer: This has to do with the type of plan offered: is it a 401(k) plan or a profit-sharing ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a company allowed to give employees an option for a bonus to be paid out as a 401k match or cash? ### Answer: I have worked for companies that have done this. One did have a match and the other di...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What data does a seller receive when I pay by credit card? ### Answer: It depends on the seller. If the seller wants, they can collect the information from you and send it to the payment gateway. In...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Legality of facilitating currency exchange between private accounts ### Answer: Disclaimer: it's hard to be definitive as there may be some law or tax rule I'm not aware of. From a UK perspective, thi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Legality of facilitating currency exchange between private accounts ### Answer: I can't answer from the Indian side but on the UK side, if you and your friend are not related then there is no tax impl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I find filings of HUD-1 statements? ### Answer: Three companies may have copies of it: the bank, the Title Company (aka settlement company), and perhaps the real estate agent. The bank (assu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I find filings of HUD-1 statements? ### Answer: Some of the information on the HUD-1 form would have been useful to complete the income tax paperwork the next spring. It would have had numbe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can you possibly lose on investments in stocks? ### Answer: In your own example of VW, it dropped from its peak price of $253 to $92. If you had invested $10,000 in VW in April 2015, by September ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can you possibly lose on investments in stocks? ### Answer: Once you buy stocks on X day of the month, the chances of stocks never actually going above and beyond your point of value on the chart ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can you possibly lose on investments in stocks? ### Answer: If you're talking about a single stock, you greatly underestimate the chances of it dropping, even long-term. Check out the 12 companies...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can you possibly lose on investments in stocks? ### Answer: For whatever it's worth. Judging from the comments in the other answers, I think everyone is addressing your question, "How can you pos...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can you possibly lose on investments in stocks? ### Answer: I think it may be best to take everything you're asking line-by-line. Once you buy stocks on X day of the month, the chances of stocks n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can you possibly lose on investments in stocks? ### Answer: Some stocks do fall to zero. I don't have statistics handy, but I'd guess that a majority of all the companies ever started are now bank...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can you possibly lose on investments in stocks? ### Answer: Easiest thing ever. In fact, 99% of people are loosing money. If you perform worse then 10% annually in cash (average over 5-10 years), ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a maximum amount that I can wire transfer out of US? ### Answer: Chase has a limit of $500,000 per day. A banker should be able to help you determine any immediate tax liabilities that will a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a maximum amount that I can wire transfer out of US? ### Answer: The limit, if any, would be established by your financial institutions. You would need to contact both your sending and receivi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a maximum amount that I can wire transfer out of US? ### Answer: I can clear the Thailand side for you. These are the sale tax in Thailand: Don't forget to ask your bank in Thailand to issue ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does remittance work? How does it differ from direct money transfer? ### Answer: The Option 2 in your answer is how most of the money is moved cross border. It is called International Transfer, mo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does remittance work? How does it differ from direct money transfer? ### Answer: If you are a citizen of India and working in Germany, then you are most likely an NRI (NonResident Indian). If so, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debt collector has wrong person and is contacting my employer ### Answer: Request verification in writing of the debt. They are required to provide this by law. Keep this for your records. Send them ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debt collector has wrong person and is contacting my employer ### Answer: This seems very suspicious, as if it were fraud, and not a legitimate collector. Garnishing wages takes a court order. A cour...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debt collector has wrong person and is contacting my employer ### Answer: Assuming you're in the US, you can file complaints against financial institutions (including debt collectors) through the Cons...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debt collector has wrong person and is contacting my employer ### Answer: Step one: Contact the collection agency. Tell them that they have the wrong person, and the same name is just a coincidence. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debt collector has wrong person and is contacting my employer ### Answer: From a page on consumerfinance.gov A debt collector generally may not contact your employer or other third-parties about the d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debt collector has wrong person and is contacting my employer ### Answer: Use with moderation. Powerful stuff. Your caller could be an offshore scammer too. Summarizing from http://www.creditinfocente...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debt collector has wrong person and is contacting my employer ### Answer: You are talking to the wrong people. Debt collectors are not intimidated by anything you say. Call and tell them that, before...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debt collector has wrong person and is contacting my employer ### Answer: Did you receive a summons, or other notice of proceedings, from the court which granted the judgement? If you were not served ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debt collector has wrong person and is contacting my employer ### Answer: Don't waste your time threatening legal action or screwing around with certified mail. If they're contacting your employer to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debt collector has wrong person and is contacting my employer ### Answer: It's probably a scam or maybe some amateur agency trying to put pressure on their target. Normal garnishment goes through the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debt collector has wrong person and is contacting my employer ### Answer: I can ONLY WISH this would happen to me. Get every scrap of information that you can. DOCUMENT DOCUMENT DOCUMENT..and then ge...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Debt collector has wrong person and is contacting my employer ### Answer: Debt collectors are just doing their job as many people want to evade payment by not responding and skipping their debts, and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do taxes work with donations made to an individual, e.g. for free software I wrote? ### Answer: Do I report it as income? Is it subject to just the same amount of taxes (~30%) as regular income?...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is company provided health insurance tax free, but individual health insurance is not? ### Answer: During World War II, the United States (US) instituted wage and price controls. To attract bette...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is company provided health insurance tax free, but individual health insurance is not? ### Answer: All questions regarding why is activity X taxed but activity Y taxed differently boils down to: T...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is company provided health insurance tax free, but individual health insurance is not? ### Answer: This probably is a question that belongs on History but here's the basic reason: the or Employee ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is company provided health insurance tax free, but individual health insurance is not? ### Answer: The idea is that the premiums (or costs) associated with the plan are a business expense, you kno...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is company provided health insurance tax free, but individual health insurance is not? ### Answer: Basically a company who provides health insurance for their employees provides it as part of the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should you co-sign a personal loan for a friend/family member? Why/why not? ### Answer: My thoughts on loaning money to friends or family are outlined pretty extensively here, but cosigning on a loan ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should you co-sign a personal loan for a friend/family member? Why/why not? ### Answer: My personal rule is to not loan money (or co-sign) for any amount that I am not willing to give away. It can go...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should you co-sign a personal loan for a friend/family member? Why/why not? ### Answer: Yes, there are times when co-signing is the right choice. One is when you know more about the person than the lo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should you co-sign a personal loan for a friend/family member? Why/why not? ### Answer: Never co-sign a loan for someone, especially family Taking out a loan for yourself is bad enough, but co-signin...