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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to start with personal finance? ### Answer: The Money Girl (Quick and Dirty Tips for a richer life) Podcast is a pretty good source for this type of information. Some Recent Topics: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to start with personal finance? ### Answer: I've recommended this book a few times on this site, and I'm going to do it again. Get a Financial Life: Personal Finance in Your Twenties and Thirtie...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making $100,000 USD per month, no idea what to do with it ### Answer: I know your "pain". But don't worry about investing the money right now -- leave it uninvested in the short term. You have othe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making $100,000 USD per month, no idea what to do with it ### Answer: If you are making that much, don't waste your time here. Pay a few hundred bucks for a consultation with a fee-only certified fin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making $100,000 USD per month, no idea what to do with it ### Answer: If you already have 500k in a Schwab brokerage account, go see your Schwab financial consultant. They will assign you one, no cha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making $100,000 USD per month, no idea what to do with it ### Answer: I would be more than happy to find a good use for your money. ;-) Well, you have a bunch of money far in excess of your regular e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making $100,000 USD per month, no idea what to do with it ### Answer: You want CFP or CFA who is also a fiduciary, meaning that by law they have to put your interests ahead of their own. Financial pl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making $100,000 USD per month, no idea what to do with it ### Answer: In my opinion, I would: If the income is from this year, you can tax shelter $59,000 plus somewhere between $50,000 and $300,000 ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making $100,000 USD per month, no idea what to do with it ### Answer: You already did the leg work by putting your money in a Schwab account. They have some of the lowest fees on index funds you can ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making $100,000 USD per month, no idea what to do with it ### Answer: What I would do, in this order: Get your taxes in order. Don't worry about fancy tricks to screw the tax man over; you've already...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Making $100,000 USD per month, no idea what to do with it ### Answer: Your #1 problem is the Government both in it's form as a taxation outfit and as a 'law and order' outfit. You'd be very surprise...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Hiring a teenager as a household employee ### Answer: First you need to ensure that you are not violating any Federal child labor laws. I would look at this: U.S. Dept of Labor, Wage & Hour Div., Stan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Hiring a teenager as a household employee ### Answer: Here is what I was able to find: Yes, but there are special instructions for minors: Working hours: New York State labor laws are slightly more st...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I escalate a credit dispute when the bureau “confirms” the item? ### Answer: I was I a similar position as you, and sometimes credit bureaus might be difficult to deal with, especially when hi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Choosing the “right” NAPFA advisor, and whether fees are fair, etc.? ### Answer: Some sample prices for straightforward pay-for-hours-or-deliverables planners: I think I've seen some similar rates els...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Choosing the “right” NAPFA advisor, and whether fees are fair, etc.? ### Answer: The nature of this question (finding a financial adviser) can make it a conundrum. Those who have little financial expe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Choosing the “right” NAPFA advisor, and whether fees are fair, etc.? ### Answer: Usually your best bet for this sort of thing is to look for referrals from people you trust. If you have a lawyer or ot...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do amortization schedules work and when are they used? ### Answer: An amortization schedule is often used to produce identical payments for the term (repayment period) of a loan, resulting in the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do amortization schedules work and when are they used? ### Answer: Amortization is the process by which your loan balance decreases over time. For both mortgages and credit card balances, your int...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do amortization schedules work and when are they used? ### Answer: Both Credit Card and Mortgage work on same principle. The interest is calculated on the remaining balance. As the balance reduce...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do amortization schedules work and when are they used? ### Answer: Simply put, for a mortgage, interest is charged only on the balance as well. Think of it this way - on a $100K 6% loan, on day on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are bonds really a recession proof investment? ### Answer: No, they are not recession proof. Assume several companies, that issued bonds in the fund, go bankrupt. Those bonds could be worthless, th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are bonds really a recession proof investment? ### Answer: Bonds by themselves aren't recession proof. No investment is, and when a major crash (c.f. 2008) occurs, all investments will be to some ext...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are bonds really a recession proof investment? ### Answer: Without providing direct investment advice, I can tell you that bond most assuredly are not recession-proof. All investments have risk, and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are bonds really a recession proof investment? ### Answer: You're mixing up two different concepts: low-risk and recession-proof. I'll assume I don't need to explain risk: there is always risk, regard...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are bonds really a recession proof investment? ### Answer: That depends on how you're investing in them. Trading bonds is (arguably) riskier than trading stocks (because it has a lot of the same risks...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are bonds really a recession proof investment? ### Answer: During the hyperinflation of the Wiermer republic, corporate stocks and convertible bonds were thought second only to the species (gold, silv...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are bonds really a recession proof investment? ### Answer: Yes. Bonds perform very well in a recession. In fact the safer the bond, the better it would do in a recession. Think of markets having four ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens after a counterparty defaults on a derivative trade? ### Answer: The answer is in your question: derivatives are contracts so are enforced in the same way as any other contract. If the c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the meaning of public stock price data from before the official first day of trading? [duplicate] ### Answer: For the case of spinoffs it reflects the market as activities as the specific step...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What if 40% of the remaining 60% Loan To Value (ratio) is not paid, or the borrower wants to take only 60% of the loan? ### Answer: The loan-to-value ratio (LTV Ratio) is a lending risk assessment rat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What if 40% of the remaining 60% Loan To Value (ratio) is not paid, or the borrower wants to take only 60% of the loan? ### Answer: Sorry, I don't think a bounty is the issue here. You seem to underst...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What if 40% of the remaining 60% Loan To Value (ratio) is not paid, or the borrower wants to take only 60% of the loan? ### Answer: Let me summarize your question for you: "I do not have the down paym...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What if 40% of the remaining 60% Loan To Value (ratio) is not paid, or the borrower wants to take only 60% of the loan? ### Answer: I wanted to know that what if the remaining 40% of 60% in a LTV (Loa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What if 40% of the remaining 60% Loan To Value (ratio) is not paid, or the borrower wants to take only 60% of the loan? ### Answer: This is the meat of your potato question. The rephrasing of the ques...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the US, does getting a loan with a cosigner, help your credit rating? ### Answer: It all comes down to how the loan itself is structured and reported - the exact details of how they run the loan pa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What do people mean when they talk about the central bank providing “cheap money”? What are the implications for the stock market? ### Answer: Companies with existing borrowings (where borrowings are ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What do people mean when they talk about the central bank providing “cheap money”? What are the implications for the stock market? ### Answer: There are a couple of different things that could be refe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What do people mean when they talk about the central bank providing “cheap money”? What are the implications for the stock market? ### Answer: Newspapers write a lot about the central bank stopping "c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to exclude stock from mutual fund ### Answer: Chris - you realize that when you buy a stock, the seller gets the money, not the company itself, unless of course, you bought IPO shares. And the amo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to exclude stock from mutual fund ### Answer: Mutual funds invest according to their prospectus. If they declare that they match the investments to a certain index - then that's what they should d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to exclude stock from mutual fund ### Answer: Owning a stock via a fund and selling it short simultaneously should have the same net financial effect as not owning the stock. This should work bot...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Free brokerage vs paid - pros and cons ### Answer: Emotion aside, you can calculate the cost of the funds you have tied up at the bank. If I can earn 5% in a CD, my "free" checking with minimum $5000...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Free brokerage vs paid - pros and cons ### Answer: Unless you're an active trader, 30 trades per month is a number you'll probably never hit, so you might as well take advantage of the offer while you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Free brokerage vs paid - pros and cons ### Answer: The first consideration for the banking part of your portfolio is safety. In the United States that is FDIC protection, or the equivalent for a Credi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do dishonour fees exist? ### Answer: In the United States, many banks aim to receive $ 100 per year per account in fees and interest markup. There are several ways that they can do this on a chec...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When a company liquidates, are earlier investors paid back first? ### Answer: All shares of the same class are considered equal. Each class of shares may have a different preference in order of repaym...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When a company liquidates, are earlier investors paid back first? ### Answer: This would be governed by bankruptcy law... there is no reason a healthy company would take such action. This would be a l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When a company liquidates, are earlier investors paid back first? ### Answer: Assuming no debt, as you've specified in the comments to your question, the assets should generally be distributed proport...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a change in market cap affect a company's operational decisions? ### Answer: It basically only affects the company's dealings with its own stock, not with operational concerns. If the compan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does a change in market cap affect a company's operational decisions? ### Answer: In practical terms, it shouldn't. Market cap changes every day (assuming public trading, of course) or even secon...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: VAT in UK, case of cultural industry and overseas invoices ### Answer: Your answer will need loads of information and clarification, so I will ask you to visit the VAT and have a peruse. 1) Obligatio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a home without a Real Estate Agent - Who should I get to do the paperwork? ### Answer: Generally, the paperwork realtors use is pre-written and pre-approved by the relevant State and real-estat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a home without a Real Estate Agent - Who should I get to do the paperwork? ### Answer: Whether or not you use a real estate agent, at some stage most people use a lawyer to do the actual buying...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a home without a Real Estate Agent - Who should I get to do the paperwork? ### Answer: For a real estate transaction there are multiple stages: From the sellers viewpoint: From the buyers viewp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a home without a Real Estate Agent - Who should I get to do the paperwork? ### Answer: Save yourself a lot of trouble you both agree on a Real Estate Attorney to prepare all the paperwork (ie. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Questions about government bonds that have already matured ### Answer: I am assuming that you are talking about US Savings Bonds: Here is a page that talks about maturity dates of US Savings bonds. If...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the key facts to research before buying shares of a company? ### Answer: I have my "safe" money in index funds but like to dabble in individual stocks. My criteria and thought process are usu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do the 1 and 2 euro cent coins exist and why are they used? ### Answer: While dealing with US pennies and not 1 and 2 cent euro pieces, you may find this Wikipedia article of interest and analogou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do the 1 and 2 euro cent coins exist and why are they used? ### Answer: I guess other than tradition and inflation, probably because the merchants want them. In the US, what currently costs $2.0...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is my mortgage more likely to be sold if I pre-pay principal? ### Answer: There are two ways that mortgages are sold: The loan is collateralized and sold to investors. This allows the bank to free up ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is my mortgage more likely to be sold if I pre-pay principal? ### Answer: It's not unusual/undesirable. If everyone prepaid their mortgage, banks would not like this, but we're in no danger of that :)...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is my mortgage more likely to be sold if I pre-pay principal? ### Answer: In a process called collateralization, your mortgage is combined with others to form a security that other can invest in. When...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do to pick the right consultant to open offshore bank account ### Answer: It is unusual to need a consultant to open a bank account for you, and I would also be concerned that perhaps th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Importance of dividend yield when evaluating a stock? ### Answer: But I wish to know why the parameter is dividend/market price rather than just 'dividend'? What 'extra' info you can uncover by lookin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Importance of dividend yield when evaluating a stock? ### Answer: The dividend yield can be used to compare a stock to other forms of investments that generate income to the investor - such as bonds. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Importance of dividend yield when evaluating a stock? ### Answer: Dividend yields can also reflect important information about the company's status. For example, a company that has never lowered or st...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Importance of dividend yield when evaluating a stock? ### Answer: Probably the most important thing in evaluating a dividend yield is to compare it to ITSELF (in the past). If the dividend yield is hi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Importance of dividend yield when evaluating a stock? ### Answer: Dividends yield and yield history are often neglected, but are very important factors that you should consider when looking at a stock...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a car and learning to drive versus paying up study loans ### Answer: Welcome to Money.SE. It appears there's public transportation to get you to work? And the area by your house is walkable? i....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is there two currencies in Venezuela's money? ### Answer: Venezuela is a command economy, and one that isn't doing terribly well right now, with rampant inflation in the several hundred percent ra...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can an IRA be taxed? ### Answer: The Motley Fool article is correct that if you earn UBTI over $1000, you will need to pay the tax, even if held in an IRA. C-corps won't generate UBTI, so you're fin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do people tend to spend less when using cash than credit cards? ### Answer: I found the study "The irrationality of payment behaviour" accidentally while searching on the term "DNB Study" instead of "...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do people tend to spend less when using cash than credit cards? ### Answer: I'd like to know if there is any reliable research on the subject. Intuitively, this must be true, no? Is it? First, is it e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do people tend to spend less when using cash than credit cards? ### Answer: Psychology Today had an interesting article from July 11, 2016, in which they go through the psychological aspects of using ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do people tend to spend less when using cash than credit cards? ### Answer: Others have commented on the various studies. If, as JoeTaxpayer says, this one particular study he mentions does not really...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do people tend to spend less when using cash than credit cards? ### Answer: First, let me answer the question the best way I can: I don't know if there are any studies other than those that have alrea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do people tend to spend less when using cash than credit cards? ### Answer: I don't think that there is any good way a study can average this and bring a useful result: The core problem is that there ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do people tend to spend less when using cash than credit cards? ### Answer: I thought I'd see if the credit card companies had anything to say about this while trying to get merchants to sign up. I we...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do people tend to spend less when using cash than credit cards? ### Answer: Unless a study accounts for whether the users are following a budget or not, it is irrelevant to those who are trying to tak...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do people tend to spend less when using cash than credit cards? ### Answer: One study found that, while people using gift certificates bought no more items than those who used cash, they tended to spe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can after-hours trading affect options pricing? ### Answer: Typically the settlement price for a financial instrument (such as AAPL stock) underlying a derivative contract is determined from the avera...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can after-hours trading affect options pricing? ### Answer: There is a white paper on "The weekend effect of equity options" it is a good paper and shows that (for the most part) option values do lose...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Purchasing a home using collateral ### Answer: Since you only own half of the house, you would most likely need the cooperation of whoever owns the other half in order to use it as collateral for a lo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Purchasing a home using collateral ### Answer: What do you see as the advantage of doing this? When you buy a house with a mortgage, the bank gets a lien on the house you are buying, i.e. the house yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What do Earnings Per Share tell potential shareholders? ### Answer: nan ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What do Earnings Per Share tell potential shareholders? ### Answer: Earnings per share is the company profit (or loss), divided by the number of outstanding shares. The number should always be compare...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is giving my girlfriend money for her mortgage closing costs and down payment considered fraud? ### Answer: With the standard "I am not a lawyer" disclaimer, consider this question: If you and your gi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is giving my girlfriend money for her mortgage closing costs and down payment considered fraud? ### Answer: When you purchase a mortgage, you have to prove the source of your down payment. Primarily ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is giving my girlfriend money for her mortgage closing costs and down payment considered fraud? ### Answer: you have 2 concerns: the lender and the irs. either way you should be fine the lender just w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is giving my girlfriend money for her mortgage closing costs and down payment considered fraud? ### Answer: It's a gift if there are no strings attached. If you are rationalizing it to try to make it ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is giving my girlfriend money for her mortgage closing costs and down payment considered fraud? ### Answer: Sheesh, are people kidding here? It's a gift. It's not fraud. Just keep in mind that, becaus...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is giving my girlfriend money for her mortgage closing costs and down payment considered fraud? ### Answer: The issue here is that the transaction (your funds to her account) looks very similar to the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is giving my girlfriend money for her mortgage closing costs and down payment considered fraud? ### Answer: Regarding the mortgage company, they will want to know where the down payment came from, and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is giving my girlfriend money for her mortgage closing costs and down payment considered fraud? ### Answer: Omg, the answer is easy. Tell the TRUTH, and nothing is fraud. Down payment gifts are SOP's,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is giving my girlfriend money for her mortgage closing costs and down payment considered fraud? ### Answer: There is not any fraud involved. Anybody can gift money to another person. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is giving my girlfriend money for her mortgage closing costs and down payment considered fraud? ### Answer: There are several areas of passive fraud by being unclear on what you are doing. When a cit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Freelancing and getting taxes taken out up front instead of end of year? ### Answer: It seems that you think you are freelancing, and they think you are an employee. What's bad for you, the tax office...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Freelancing and getting taxes taken out up front instead of end of year? ### Answer: Maybe I can explain a little clearer: Your LLC is not a person, and cannot have taxes withheld on its behalf. There...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the very long-term growth of the stock market bound by aggregate net income? ### Answer: I am a believer in that theory. My opinion is that over the long term, we can expect 25% of income to refle...