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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: I know this question has a lot of answers already, but I feel the answers are phrased either strongly against, o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I replace Microsoft Money with, now that MS has abandoned it? ### Answer: I've been budgeting with MS Money since 2004 and was pretty disappointed to hear it's being discontinued. Budgeting ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I replace Microsoft Money with, now that MS has abandoned it? ### Answer: I use GnuCash which I really like. However, I've never used any other personal finance software so I can't really c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I replace Microsoft Money with, now that MS has abandoned it? ### Answer: Well, you could replace it with.. itself! Microsoft Money Plus Sunset versions The Microsoft Money Plus Sunset versi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I replace Microsoft Money with, now that MS has abandoned it? ### Answer: How complicated is your budget? We have a fairly in depth excel spreadsheet that does the trick for us. Lots of form...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I replace Microsoft Money with, now that MS has abandoned it? ### Answer: Current Money users may want to take a look at this: http://sites.google.com/site/pocketsense/home/msmoneyfixp1 Pret...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I replace Microsoft Money with, now that MS has abandoned it? ### Answer: www.mint.com is a very good web site that can upload your financial data from your bank and analyze it for you. Secu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I replace Microsoft Money with, now that MS has abandoned it? ### Answer: MoneyDance Is the way to go. I've been using it for years and it works well. It keeps getting better, and best of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I replace Microsoft Money with, now that MS has abandoned it? ### Answer: I used to use Quicken, but support for that has been suspended in the UK. I had started using Mvelopes, but support...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I replace Microsoft Money with, now that MS has abandoned it? ### Answer: I use http://moneydance.com/ it has Mac, Windows and Linux versions and works well for my needs. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I replace Microsoft Money with, now that MS has abandoned it? ### Answer: Uh, Quicken is virtually identical to MS Money. If you liked money and don't want to change, use that. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I replace Microsoft Money with, now that MS has abandoned it? ### Answer: I use MoneyStrands.com to manage my spending. It's a lot like Mint, but provides support for more banks, and works w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I replace Microsoft Money with, now that MS has abandoned it? ### Answer: I have been using Acemony http://www.mechcad.net/products/acemoney/ for a couple of years now and extremely happy wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I replace Microsoft Money with, now that MS has abandoned it? ### Answer: If you would like to use linux I suggest you to use KMyMoney http://kmymoney2.sourceforge.net/ It is based on gnucas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I replace Microsoft Money with, now that MS has abandoned it? ### Answer: hledger is a free software, cross-platform double-entry accounting tool I've been working on for a while. It has com...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I replace Microsoft Money with, now that MS has abandoned it? ### Answer: I have used Quicken for over 10 years. It has always provided the information I needed and I have always received g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I replace Microsoft Money with, now that MS has abandoned it? ### Answer: Check the Financial section in this list of Open Source Software ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What can I replace Microsoft Money with, now that MS has abandoned it? ### Answer: I suggest you to test AlauxSoft Accounts and Budget. This software is a money-like. There is a freeware and a sharew...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Idea for getting rich using computers to track stocks ### Answer: The main reason I'm aware of that very few individuals do this sort of trading is that you're not taking into account the transaction ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Idea for getting rich using computers to track stocks ### Answer: I (and probably most considering trading) had a similar thought as you. I thought if I just skimmed the peaks and sold before the tro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Idea for getting rich using computers to track stocks ### Answer: There are many ways to trade. Rules based trading is practiced by professionals. You can indeed create a rule set to make buy and sell...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do only motor insurers employ “No Claims Discounts”? ### Answer: Some people are better drivers than others. A collision can happen to anybody, even good drivers. The collision might not be your ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do only motor insurers employ “No Claims Discounts”? ### Answer: Discounting premiums based on some past history is not unique to auto policies. Other insurers will discount premiums based on pas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Renting from self during out of area remodel project - deductible? ### Answer: There are certain situations where you could legally pay yourself rent, but it'd be in the context of multiple business e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do governments borrow money instead of printing it? ### Answer: Governments borrowing money doesn't create new money. When banks "borrow" money (i.e. take deposits), it does effectively create mon...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do governments borrow money instead of printing it? ### Answer: “Why do governments borrow money instead of printing it? (When printing money, one doesn't need to pay interest).” Good question. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do governments borrow money instead of printing it? ### Answer: Yes - Simply put, printing money is called "monetizing the debt" and would result in some nasty inflation. It's a no-no as it quickl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do governments borrow money instead of printing it? ### Answer: One important answer is still missing: governments may not be able to do print money because of international agreements. This is in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do governments borrow money instead of printing it? ### Answer: If the government prints money recklessly and causes inflation, people will come to expect inflation, and the value of the currency ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do governments borrow money instead of printing it? ### Answer: I believe there are two ways new money is created: My favorite description of this (money creation) comes from Chris Martenson: the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do governments borrow money instead of printing it? ### Answer: The Government doesn't borrow money. It in fact simply prints it. The bond market is used for an advanced way of controlling the dem...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do governments borrow money instead of printing it? ### Answer: The government could actually do either one to expand the money supply as necessary to keep up with rising productivity / an increas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do governments borrow money instead of printing it? ### Answer: My own simple answer is that it will affect and reduce productivity (e.g. Zimbabwe). it will also cause inflation which mean that no...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do governments borrow money instead of printing it? ### Answer: My answer is that when confronted with the obvious, the most common human reaction is to seek reasons for it, because things have to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Prepaying a loan: Shouldn't the interest be recalculated like a shorter loan? ### Answer: When you pay off a loan early, you pay the remaining principal, and you save all of the remaining interest. So...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Prepaying a loan: Shouldn't the interest be recalculated like a shorter loan? ### Answer: One way to think of the typical fixed rate mortgage, is that you can calculate the balance at the end of the m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Prepaying a loan: Shouldn't the interest be recalculated like a shorter loan? ### Answer: A few years ago I had a 5 year car loan. I wanted to prepay it after 2 years and I asked this question to the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Prepaying a loan: Shouldn't the interest be recalculated like a shorter loan? ### Answer: So, let's take a mortgage loan that allows prepayment without penalty. Say I have a 30 year mortgage and I hav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Prepaying a loan: Shouldn't the interest be recalculated like a shorter loan? ### Answer: Your thinking is unfortunately incorrect; an amortising loan (as opposed to interest only loans) pay down, or ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Prepaying a loan: Shouldn't the interest be recalculated like a shorter loan? ### Answer: Forget about terms. Think about loans in terms of months. To simplify things, let's consider a $1000 loan wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Prepaying a loan: Shouldn't the interest be recalculated like a shorter loan? ### Answer: Loans do not carry an "interest balance". You can not pay off "all the interest". The only way to reduce the i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Prepaying a loan: Shouldn't the interest be recalculated like a shorter loan? ### Answer: For the mortgage, you're confusing cause and effect. Loans like mortgages generally have a very simple princip...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Prepaying a loan: Shouldn't the interest be recalculated like a shorter loan? ### Answer: There is no interest outstanding, per se. There is only principal outstanding. Initially, principal outstand...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Prepaying a loan: Shouldn't the interest be recalculated like a shorter loan? ### Answer: If you take a loan, you make a contract with your lender, let's call them "bank" (even if it might not be a re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Prepaying a loan: Shouldn't the interest be recalculated like a shorter loan? ### Answer: The key to understanding a mortgage is to look at an amortization schedule. Put in 100k, 4.5% interest, 30 ye...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Prepaying a loan: Shouldn't the interest be recalculated like a shorter loan? ### Answer: You are expecting, that if you pay off a 30 mortgage after 16 years, you should be charged the same amount of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Prepaying a loan: Shouldn't the interest be recalculated like a shorter loan? ### Answer: You seem to think that you are mostly paying interest in the first year because of the length of the loan peri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do card processing companies discourage “cash advance” activities ### Answer: This is most likely protecting Square's relationship with Visa/Mastercard/AMEX/etc. Credit card companies typically ch...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do card processing companies discourage “cash advance” activities ### Answer: Square does not care if you run a $10 transaction to test the system. They are concerned with its use to move meaningf...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do card processing companies discourage “cash advance” activities ### Answer: Square charges a 2.75% fee (which the merchant pays), so you would be losing money if you only got a 1.5% cashback bon...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do card processing companies discourage “cash advance” activities ### Answer: I thought this was because credit card companies charge the retailer a fee to accept credit card payments. If you spen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between a check and a paycheck? ### Answer: A paycheck is simply a check for your salary. It's just like a rent check, or a birthday check, or a grocery check... I've had "pay...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the difference between a check and a paycheck? ### Answer: There is little difference. A paycheck is a type of check used to pay wages. These days many people opt for direct deposit. So, th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the process to buy an old house to tear it down and create a new one? ### Answer: By process, I assume you mean the financial process. Financially, this doesn't look any different to me than bu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the process to buy an old house to tear it down and create a new one? ### Answer: Thank you for your response KeithB and Ross. I was researching more about this and looks like I have to follow ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to take advantage of home appreciation ### Answer: Assuming "take advantage" means continue to build wealth, as opposed to blow it all on a fancy holiday... Downgrade As you already note, you cou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to take advantage of home appreciation ### Answer: There are basically two ways to get value out of an appreciating asset such as a home: (a) Sell it and take the profit. In the case of a home, yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to take advantage of home appreciation ### Answer: There might just not be anything useful for you to do with that 'value'. As others mentioned, HELOCs have their risks and issues too. There is no...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to take advantage of home appreciation ### Answer: Even selling isn't riskless. Sure, your house has gained value-- but unless that's due to improvements you made to it, every other house in the n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Got charged ridiculous amount for doctor's walk in visit. What are my options? ### Answer: You should start by calling the clinic and asking them to tell you how the visit was coded. Some clinics have...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Got charged ridiculous amount for doctor's walk in visit. What are my options? ### Answer: Some doctors will give folks who are not covered by insurance a price break. If that describes you, you could...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Got charged ridiculous amount for doctor's walk in visit. What are my options? ### Answer: If you are disputing the size of the charge for specific services, like you think that they overcharged for l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Got charged ridiculous amount for doctor's walk in visit. What are my options? ### Answer: To answer the specific question of whether you can get the bill reduced without hurting your credit, yes, as ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Got charged ridiculous amount for doctor's walk in visit. What are my options? ### Answer: You will often receive a lower bill if you simply wait for a second or third billing statement. I was once gi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are parking spaces and garage boxes a good investment? ### Answer: If the company that owns the lot is selling them it is doing so because it feels it will make more money doing so. You need to read ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are parking spaces and garage boxes a good investment? ### Answer: 15 years ago I bought a beach condo in Miami for $400,000 and two extra parking spaces for $3000 each. Today the condo is worth 600,0...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are parking spaces and garage boxes a good investment? ### Answer: No no no no!!!! Do not spend 25k on a damn slab of concrete when you don't even own the land! You are not "truly" the owner unless y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are parking spaces and garage boxes a good investment? ### Answer: In Italy (even with taxes that are more than 50% on income) owning garages is generally a good business, as you said: "making money w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a public company not initiate secondary stock offerings more often? ### Answer: Selling stock means selling a portion of ownership in your company. Any time you issue stock, you give up som...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a public company not initiate secondary stock offerings more often? ### Answer: What prevents a company from doing secondary public stock offerings on regular basis? The primary goal of a co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How To Assign Payments Received Properly In GnuCash? ### Answer: When I receive a check from a customer whom I previously sent an invoice, I go to the customer report for that customer, click on the l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to find turnover / average amount of time investors & mutual funds held stocks they purchased? ### Answer: You can make a rough calculation of the annual turnover rate of stocks by calculating t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will my Indian debit card work in the U.S.? ### Answer: Debit cards with the Visa or Mastercard symbol on them work technically everywhere where credit cards work. There are some limitations where the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will my Indian debit card work in the U.S.? ### Answer: I recommend that you first try to use your card at a store in your home country, just to make sure that the point-of-sale features are enabled. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will my Indian debit card work in the U.S.? ### Answer: Whether your card will work, I believe, depends on the institution that issued it. You'll just have to try. What I can tell you, is that the pro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will my Indian debit card work in the U.S.? ### Answer: You can use the debit card for practically any purchase that you make. You'll have to take the usual precautions and then a few additional ones....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to read a balance sheet to determine if a company has enough money to keep paying their employees? ### Answer: I heard today while listening to an accounting podcast that a balance sheet... can be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages and disadvantages of leasing out a property or part of a property (such as a basement apartment)? ### Answer: The obvious advantage is turning your biggest liability into an in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages and disadvantages of leasing out a property or part of a property (such as a basement apartment)? ### Answer: It doesn't make a lot of sense to buy a house/condo and rent it ou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the advantages and disadvantages of leasing out a property or part of a property (such as a basement apartment)? ### Answer: Complexity has mentioned some good points. I'd also like to add on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I enter Canadian tax info from US form 1042-S and record captial gains from cashing in stock options? ### Answer: I can't give you a specific answer because I'm not a tax accountant, so you sho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I enter Canadian tax info from US form 1042-S and record captial gains from cashing in stock options? ### Answer: There are two parts in this 1042-S form. The income/dividends go into the Canad...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I enter Canadian tax info from US form 1042-S and record captial gains from cashing in stock options? ### Answer: Depending on what software you use. It has to be reported as a foreign income a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does Capital Surplus mean? ### Answer: I think it's easiest to illustrate it with an example... if you've already read any of the definitions out there, then you know what it means, but just don'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does Capital Surplus mean? ### Answer: Capital surplus is used to account for that amount which a firm raises in excess of the par value (nominal value) of the shares (common stock).. Investopedi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a tender offer be less than the market price? ### Answer: Rational shareholders wouldn't accept such an offer. The company making the offer is simply trying to get a deal with questionable —...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would a tender offer be less than the market price? ### Answer: As an addition to Chris Rea's excellent answer, these tender offers are sometimes made specifically to cast doubt on the current mar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you get out of a Mutual Fund in your 401(k)? ### Answer: One of the strengths of 401K accounts is that you can move from investment X in the program to investment Y in the program without tax c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you get out of a Mutual Fund in your 401(k)? ### Answer: Most 401k plans (maybe even all 401k plans as a matter of law) allow the option of moving the money in your 401k account from one mutual...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you get out of a Mutual Fund in your 401(k)? ### Answer: The S&P top 5 - 401(k) usually comply with the DOL's suggestion to offer at least three distinct investment options with substantially d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people buy US dollars on the black market? ### Answer: A falling exchange rate is an indication of falling confidence in a currency. Countries like Iran or Venezuela, with a managed exchange r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people buy US dollars on the black market? ### Answer: The main reason people buy dollars (or other currency) on the black market is because they are prevented from exchanging currency on the o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people buy US dollars on the black market? ### Answer: As a Venezuelan who used to buy USD, I believe there is not better explanation than the one given to someone who actually lives and works ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ask for credit decrease ### Answer: Aside from an annual fee, if any, the card issuer makes money 2 ways, the transaction fee, about 1.5%-2% charged to the merchant, and interest from you if you leave...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ask for credit decrease ### Answer: I agree with JoeTaxpayer that you will be better off in the end if you can just not use your card you are better off in the long run. That said if you are determin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Ask for credit decrease ### Answer: $500 should not have a massive impact on your credit. Why not at the beginning of each month buy a $500 prepaid Visa instead of using your credit card? That way you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do Fundamentals Matter Anymore in Stock Markets? ### Answer: All you have to do is ask Warren Buffet that question and you'll have your answer! (grin) He is the very definition of someone who relies...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do Fundamentals Matter Anymore in Stock Markets? ### Answer: Are you implying that Amazon is a better investment than GE because Amazon's P/E is 175 while GE's is only 27? Or that GE is a better inv...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do Fundamentals Matter Anymore in Stock Markets? ### Answer: It sounds to me like you may not be defining fundamental investing very well, which is why it may seem like it doesn't matter. Fundamenta...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing $50k + Real Estate ### Answer: I would say that, for the most part, money should not be invested in the stock market or real estate. Mostly this money should be kept in savings: I feel like...