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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Health insurance lapsed due to employer fraud. How to get medications while in transition? ### Answer: Check with the manufacturer of the name brand medication. Most of them have programs to help peo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Health insurance lapsed due to employer fraud. How to get medications while in transition? ### Answer: Your doctor may also have free samples available. You could call, explain your situtation and ask...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In what circumstances will a bank waive the annual credit card fee? ### Answer: See if the bank has other credit cards they offer. Many banks have multiple ones: some cards have great benefits, others...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate cash loss over time? ### Answer: If inflation is at 2% per annum, in a year you would need £102 to buy equivalent goods to what you could buy today. So if you keep your money in a dr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate cash loss over time? ### Answer: While it is a true loss, as you've determined, is not a cash cost, per se. A cash cost would be a decrease in cash holdings. Inflation does not take ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate cash loss over time? ### Answer: It helps to put the numbers in terms of an asset. Say a bottle of wine costs 10 dollars, but the price rises to 20 dollars a year later. The price has...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate cash loss over time? ### Answer: There are two things you need to keep in mind when you look at Inflation as an entity. Inflation is necessary to keep in check the value of goods. As ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to realize capital gains before going from non-resident alien to resident alien in USA ### Answer: Is this possible and will it have the intended effect? From the US tax perspective, it most defin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to realize capital gains before going from non-resident alien to resident alien in USA ### Answer: This will work as intended, but there's another point to consider. In the US, the tax rate on pro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: No-line-of-credit debit card? ### Answer: This arrangement might be a bit of a pain, but what about Visa gift card(s)? The transfer of money just doesn't happen if the money isn't already on the card....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: No-line-of-credit debit card? ### Answer: We have a pre-paid mastercard. This will only allow the spending up to the amount already paid into the card account. Visa Electron is a bank account linked...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: No-line-of-credit debit card? ### Answer: I think what you are looking for is a secured credit card. They are mostly used by people who have ruined their credit and want to rebuild it, but it might al...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: No-line-of-credit debit card? ### Answer: Having worked at a financial institution, this is a somewhat simple, two-part solution. 1) The lendor/vendor/financial institution simply turns off the overdr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: ETF's for early retirement strategy ### Answer: I think the dividend fund may not be what youre looking for. You mentioned you want growth, not income. But I think of dividend stocks as income stocks,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: ETF's for early retirement strategy ### Answer: This is the chart going back to the first full year of this fund. To answer your question - yes, a low cost ETF or Mutual fund is fine. Why not go righ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: ETF's for early retirement strategy ### Answer: If your intention is to purchase ETFs on a regular basis (like $x per month), then ETFs may not make sense. You may have to pay a fixed transaction cos...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do classes have to pay sales tax on materials used? ### Answer: In most jurisdictions, both the goods (raw materials) and the service (class) are being "sold" to the customer, who is the end user and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are interbank payment (settlement) systems closed for weekends and holidays? ### Answer: The second part of your question is the easiest to answer, how much manual work is involved in settlement p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are interbank payment (settlement) systems closed for weekends and holidays? ### Answer: TARGET2 is a high value realtime settlement system across Europe and for this to be open on weekends would ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Working as a freelancer overseas, but US Citizen, what is my tax situation? ### Answer: This person must pay taxes in both the overseas country and in the U.S. This is unusual; generally, only the U.S...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference between Term and Whole Life insurance? ### Answer: Whole life insurance accumulates a cash value on a pre-tax basis. With a paid-up policy, you make payments until a particular a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference between Term and Whole Life insurance? ### Answer: Whole life is life insurance that lasts your whole life. Seriously. Since the insurance company must make a profit, and since ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference between Term and Whole Life insurance? ### Answer: For most people Term is the way to go. I consider life insurance a necessity not an investment. See this article on SmartMoney....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference between Term and Whole Life insurance? ### Answer: Just to add to @duffbeer703 comment, additionally, the cash value is NOT part of the death benefit. The policy is intended to g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference between Term and Whole Life insurance? ### Answer: Term life insurance is just that - life insurance that pays out if you die, just like car insurance pays out if you have an acc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do companies award stock as opposed to cash? ### Answer: There are a few reasons, dependent on the location of the company. The first, as you mentioned is that it means that the employee is inves...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should you keep your stocks if you are too late to sell? ### Answer: In my opinion, the average investor should not be buying individual stocks. One reason why is that the average investor is not capa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should you keep your stocks if you are too late to sell? ### Answer: The price at which a stock was purchased is a sunk cost--that is, you cannot go back in time and reverse the decision you made to p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should you keep your stocks if you are too late to sell? ### Answer: Personally, I have been in that situation too often that now I am selling at the first tick down! (not exactly but you get the idea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should you keep your stocks if you are too late to sell? ### Answer: The stock price is not only based on the general market trend and the stock's current profitability and prospects, but is also base...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should you keep your stocks if you are too late to sell? ### Answer: The standard answer on any long term stock is hold on during the rough times. You have not lost anything until you sell. If your ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should you keep your stocks if you are too late to sell? ### Answer: You should distinguish between the price and the value of a company: "Price is what you pay, value is what you get". Price is the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should you keep your stocks if you are too late to sell? ### Answer: If the stock starts to go down DO NOT SELL!! My reasoning for this is because, when you talk about the stock market, you haven't ac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stock prices likely drop off a little bit on a given friday afternoon? ### Answer: It is called the Monday Effect or the Weekend Effect. There are a number of similar theories including the Octobe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stock prices likely drop off a little bit on a given friday afternoon? ### Answer: There are classes of 'traders' who close their positions out every evening, not just on fridays. But their are o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does spot-futures arbitrage work in the gold market? ### Answer: You're missing the cost-of-carry aspect: The cost of carry or carrying charge is the cost of storing a physical commodity, such as ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does spot-futures arbitrage work in the gold market? ### Answer: As proposed: Buy 100 oz of gold at $1240 spot = -$124,000 Sell 1 Aug 2014 Future for $1256 = $125,600 Profit $1,600 Alternative Ris...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How will a 1099 work with an existing W-2? ### Answer: You can do either a 1099 or a W-2. There is no limitations to the number of W-2s one can have in reporting taxes. Problems occur, with the IRS,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How will a 1099 work with an existing W-2? ### Answer: You can have multiple W2 forms on the same tax return. If you are using software, it will have the ability for you to enter additional W2 forms. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Hedging against Exchange Rate Risk ### Answer: How can I calculate my currency risk exposure? You own securities that are priced in dollars, so your currency risk is the amount (all else being equal)...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Hedging against Exchange Rate Risk ### Answer: You can calculate your exposure intuitively, by calculating your 'fx sensitivity'. Take your total USD assets, let's assume $50k. Convert to EUR at the c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If someone gives me cash legally, can my deposit trigger an audit for them? ### Answer: Am I right to worry about both of these? Of course. Who carries $75K in cash for no good reason? Your friend got...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If someone gives me cash legally, can my deposit trigger an audit for them? ### Answer: Yes you should worry and take care not to violate the law or provide any appearance of impropriety. Every bank...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If someone gives me cash legally, can my deposit trigger an audit for them? ### Answer: In the event of an audit, you AND your friends need to have already reported the cash the same way in previous t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If someone gives me cash legally, can my deposit trigger an audit for them? ### Answer: Why would you even accept 75K in cash? If anything is going to trigger an audit, this will be it. 75K in cash de...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are estimated taxes due “early” for the 2nd and 3rd quarters only? ### Answer: There are too many nuances to the question asked to explore fully but here are a few points to keep in mind. If you a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are estimated taxes due “early” for the 2nd and 3rd quarters only? ### Answer: Here's an answer copied from https://www.quora.com/Why-is-the-second-quarter-of-estimated-quarterly-taxes-only-two-m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are estimated taxes due “early” for the 2nd and 3rd quarters only? ### Answer: I suspect that the payments were originally due near the end of each quarter (March 15, June 15, September 15, and De...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are estimated taxes due “early” for the 2nd and 3rd quarters only? ### Answer: nan ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a bad idea to buy a motorcycle with a lien on it? ### Answer: In the case of a vehicle with a lien, there is a specific place on the title to have a lien holder listed, and the holder of the lie...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a bad idea to buy a motorcycle with a lien on it? ### Answer: It's extra work for you to purchase a vehicle that has an outstanding lien on it. It's not uncommon, but there are things to take ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a bad idea to buy a motorcycle with a lien on it? ### Answer: A lien is a mechanism to impede legal title transfer of a vehicle, real property, or sometimes, expensive business equipment. That'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to manage household finances (income & expenses) [duplicate] ### Answer: My wife and I have close to equal incomes, and are not young. What we have is this: Some people would classify our system ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to manage household finances (income & expenses) [duplicate] ### Answer: Obviously, there are many approaches. I’ll describe what we do and why we think it is successful. I have seen many couples ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can signing up at optoutprescreen.com improve my credit score? ### Answer: If I had a business and was able to claim a feature, I would. It's simple marketing. If in fact, opting out helped your score...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can signing up at optoutprescreen.com improve my credit score? ### Answer: Sounds like a case of false causality. If somebody is taking the time to sign up at opt out sites, then that same person is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can signing up at optoutprescreen.com improve my credit score? ### Answer: Some credit checks are ignored as part of the scoring process. Some companies will pull your info, to make sure you haven't b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can signing up at optoutprescreen.com improve my credit score? ### Answer: Unsolicited credit checks like that don't affect your credit score. Those checks only count if they result from you applying ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can signing up at optoutprescreen.com improve my credit score? ### Answer: If you are the type of person that gets drawn in to "suspect" offers, then it is conceivable that if you are not signing the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy home and leverage roommates, or split rent? ### Answer: what I should think about. If you decide to do this - get everything in writing. Get lease agreements to enforce the business side of the r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy home and leverage roommates, or split rent? ### Answer: ...instead of all of us draining our money into a landlord... Instead, you are suggesting that still everyone (except you) will drain their ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy home and leverage roommates, or split rent? ### Answer: There is a term for this. If you google "House Hacking" you will get lots of articles and advice. Some of it will pertain to multifamily pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy home and leverage roommates, or split rent? ### Answer: I've done this, both as one of the renters and (in a different house) as the landlord. I had roommates I had not lived with before though. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy home and leverage roommates, or split rent? ### Answer: It's doable, but there's a fair amount of risk involved. The biggest issue is that your roommates could move out. It's possible that they co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buy home and leverage roommates, or split rent? ### Answer: Mixing friendship and money, whether that's loans or landlording, is risky. Often things work out, but sometimes the unexpected happens, and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Auto Insurance: Adding another car to the existing policy (GEICO) ### Answer: They'll refund your money (though maybe with a small service charge). I'm sure they regularly deal with new car sales gon...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Auto Insurance: Adding another car to the existing policy (GEICO) ### Answer: tl;dr: Call them. I'd be very surprised if you have a problem. I used to have have a policy with Geico, and would pay for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Auto Insurance: Adding another car to the existing policy (GEICO) ### Answer: When adding a new or used car to the policy I have found that it is best to call the company in advance. I let them know I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why might a brokerage firm stop offering a particular ETF commission free? ### Answer: Forbes has an article investigating this. Here are the key parts: On line at the bottom of the list of funds ther...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can an S-Corp write off work and merchandise expenses donated to a non-profit organization? ### Answer: An S-corp doesn't pay income tax -- taxation is pass-through. This being the case, there are no...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can an S-Corp write off work and merchandise expenses donated to a non-profit organization? ### Answer: Yes. The S-Corp can deduct up to the amount it actually incurred in expenses. If your actual exp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to my stocks when broker goes bankrupt? ### Answer: Here is my perception of the situation, obtained from reading Degiro's Client Agreement. If Degiro shuts down, it will notify you about...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to my stocks when broker goes bankrupt? ### Answer: If you are using a US broker, you are protected by SIPC up to $500,000. SIPC also oversees the liquidation of the broker itself, either...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to my stocks when broker goes bankrupt? ### Answer: +1 to YosefWeiner. Let me add: Legally, technically, or at least theoretically, when you buy stock through a broker, you own the stock,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock doesn't pay dividends, then why is the stock worth anything? ### Answer: It's important to remember what a share is. It's a tiny portion of ownership of a company. Let's pretend we're talk...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock doesn't pay dividends, then why is the stock worth anything? ### Answer: Stephen's answer is the 100% correct one made with the common Economics assumption, that people are rational. A comp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock doesn't pay dividends, then why is the stock worth anything? ### Answer: It seems to me that your main question here is about why a stock is worth anything at all, why it has any intrinsic ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock doesn't pay dividends, then why is the stock worth anything? ### Answer: This is an excellent question, one that I've pondered before as well. Here's how I've reconciled it in my mind. Why ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock doesn't pay dividends, then why is the stock worth anything? ### Answer: If so, then if company A never pays dividends to its shareholders, then what is the point of owning company A's stoc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock doesn't pay dividends, then why is the stock worth anything? ### Answer: Shareholders can [often] vote for management to pay dividends Shareholders are sticking around if they feel the comp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock doesn't pay dividends, then why is the stock worth anything? ### Answer: While there are many very good and detailed answers to this question, there is one key term from finance that none o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock doesn't pay dividends, then why is the stock worth anything? ### Answer: Imagine that a company never distributes any of its profits to its shareholders. The company might invest these prof...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock doesn't pay dividends, then why is the stock worth anything? ### Answer: The answer is Discounted Cash Flows. Companies that don't pay dividends are, ostensibly reinvesting their cash at re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock doesn't pay dividends, then why is the stock worth anything? ### Answer: I haven't seen any of the other answers address this point – shares are (a form of) ownership of a company and thus ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock doesn't pay dividends, then why is the stock worth anything? ### Answer: Remember that long term appreciation has tax advantages over short-term dividends. If you buy shares of a company, n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock doesn't pay dividends, then why is the stock worth anything? ### Answer: Not sure how this has got this far with no obvious discussion about the huge tax advantages of share buy backs vs di...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock doesn't pay dividends, then why is the stock worth anything? ### Answer: Stock has value to the buyer even if it does not currently pay dividends, since it is part ownership of the company ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock doesn't pay dividends, then why is the stock worth anything? ### Answer: Since I'm missing the shortest and simplest answer, I'll add it: A car also doesn't offer dividends, yet it's still ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock doesn't pay dividends, then why is the stock worth anything? ### Answer: You are missing the fact that the company can buy back its own shares. For simplicity, imagine the case that you own...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock doesn't pay dividends, then why is the stock worth anything? ### Answer: The company gets it worth from how well it performs. For example if you buy company A for $50 a share and it beats i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock doesn't pay dividends, then why is the stock worth anything? ### Answer: Stocks represent partial ownership of the company. So, if you owned 51% of the stock of the company (and therefore 5...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock doesn't pay dividends, then why is the stock worth anything? ### Answer: There are two ways that an asset can generate value. One is that the asset generates some revenue (e.g. you buy a h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock doesn't pay dividends, then why is the stock worth anything? ### Answer: Most companies get taken over eventually. More to the point, ANY company with a public float over 50 percent that's ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock doesn't pay dividends, then why is the stock worth anything? ### Answer: Securities change in prices. You can buy ten 10'000 share of a stock for $1 each one day on release and sell it for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If a stock doesn't pay dividends, then why is the stock worth anything? ### Answer: There are two main ways you can make money through shares: through dividends and through capital gains. If the compa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the primary investment strategies people use and why do they use them? ### Answer: There are two umbrellas in investing: active management and passive management. Passive management is based ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the primary investment strategies people use and why do they use them? ### Answer: Your question seems to be making assumptions around “investing”, that investing is only about stock market a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is OkPay not allowed in the United States? ### Answer: The U.S. requires money transfer services to be licensed under 31 USC 5330 in addition to any applicable laws at the state level. According ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is OkPay not allowed in the United States? ### Answer: according to their client services it is a licensing issue: Thread: OKpay didn't Accept USA clients? They do not elaborate but do suggest tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is OkPay not allowed in the United States? ### Answer: If you read the link that MD-Tech provided, it actually indicates that the foreign companies (mostly banks) are choosing not to work with the...