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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Personal Loan issuer online service ### Answer: http://www.calcamo.net/loancalculator/simulation/fixed-rate-loan.php5 This website is a calculator only and has some extra features that take into accou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Personal Loan issuer online service ### Answer: It is pretty easy to setup a spreadsheet for calculating interest payments and remaining balance. Do a quick search online. You may want to put it in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Personal Loan issuer online service ### Answer: Here is a simple loan payment calculator. If you allow early principal repayment, then you should just be able to plug in the new principal amount to f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Account that is debited and account that is credited ### Answer: Strictly speaking the terms arise from double entry book keeping terminology, and don't exactly relate to their common English usage, w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Account that is debited and account that is credited ### Answer: Credited to your account means amount has been deposited to your account(this will be your income). Debited from your account means wit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Account that is debited and account that is credited ### Answer: I'm not sure if this is your point of confusion, but when an account is said to be debited (or credited), the words "debited" or "credi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Account that is debited and account that is credited ### Answer: The credit and debit terms here is, talking from bank's point of view (shouldn't be a surprise, banks are never known to look at things...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Account that is debited and account that is credited ### Answer: The terms debit and credit come from double-entry book-keeping. In this system, every transaction is applied against two accounts: it d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How safe is a checking account? ### Answer: While Rocky's answer is correct in the big picture there is another factor here to keep in mind: The disruption while you're waiting to resolve it. If a fra...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How safe is a checking account? ### Answer: Money in a U.S. checking account is FDIC insured, so it's "safe" in the sense that you don't have to worry about a run on the bank or going out of business....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How safe is a checking account? ### Answer: If the checking account is in a FDIC insured bank or a NCUA insured Credit Union then you don't have to worry about what happens if the bank goes out of bus...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How safe is a checking account? ### Answer: US checking accounts are not really secure, though many people use them. One form of check fraud has been highlighted by Prof. Donald Knuth and carried out ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How safe is a checking account? ### Answer: In addition to @mhoran_psprep answer, and inspired by @wayne's comment. If the bank won't let you block automatic transfers between accounts, drop the bank...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How safe is a checking account? ### Answer: In the case of bank failures You are protected by FDIC insurance. At the time I wrote this, you are insured up to $250,000. In my lifetime, it has been as...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I buy stocks if I only want to invest a little bit at a time, and not really be involved in trading? ### Answer: I don't want to get involved in trading chasing immediate profit That is the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I buy stocks if I only want to invest a little bit at a time, and not really be involved in trading? ### Answer: I'd look into ShareBuilder. You can buy stocks for as low as $2 each, and th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I buy stocks if I only want to invest a little bit at a time, and not really be involved in trading? ### Answer: There's a few options you may want to look into. First, I'm writing from an U...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will getting a new credit card and closing another affect my credit? ### Answer: Several events will always result in a reduction of your score, including: These will show up in the short term, but I ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will getting a new credit card and closing another affect my credit? ### Answer: I once called Amex to cancel a card with an annual fee. Instead, they were able to give me a different card with no fee...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I repay Social Security Disability Insurance (SSDI) if I suddenly have income and assets ### Answer: There are two types of insurance, which causes some confusion. Social Security Disability Insura...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Funds in closed bank account have gone to the government ### Answer: Legally speaking, if you do close a limited company, the funds belong to the government ("bona vacantia"). There's some guidance on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: On claiming mileage and home office deductions ### Answer: Can she claim deductions for her driving to and from work? Considering most people use their cars mostly to commute to/from work, there must ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: what is the point of the part b late enrollment penalty? ### Answer: The point of the enrollment penalty is basically the same as the ACA penalty. Any sort of health insurance - or really, any insura...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dispute credit card transaction with merchant or credit card company? ### Answer: You should dispute the transaction with the credit card. Describe the story and attach the cash payment receipt, and d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dispute credit card transaction with merchant or credit card company? ### Answer: Most merchants (also in Europe) are reasonable, and typically are willing to work with you. credit card companies ask ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dispute credit card transaction with merchant or credit card company? ### Answer: As a rule of thumb, go in the order of proximity to the transaction. This would typically mean: Side note: I own a web...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Dispute credit card transaction with merchant or credit card company? ### Answer: It's very straightforward for an honest vendor to refund the charge, and the transaction only costs him a few pennies ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good practice to keep salary account and savings account separate? ### Answer: This seems like a risky setup. All it takes is one missed or delayed transfer for you to overdraw your "savings"...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good practice to keep salary account and savings account separate? ### Answer: It possibly could have made sense historically when interest rates were higher. In the UK, you used to get neglig...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good practice to keep salary account and savings account separate? ### Answer: Well the idea of 'good practice' is subjective so obviously there won't be an objectively correct answer. I suspe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good practice to keep salary account and savings account separate? ### Answer: In the United States, savings accounts generally have higher interest rates than checking or money market account...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good practice to keep salary account and savings account separate? ### Answer: I can't immediately think of a reason to keep your paycheck and spending account separate, unless it be because y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good practice to keep salary account and savings account separate? ### Answer: In my opinion, separating your money into separate accounts is a matter of personal preference. I can only think ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good practice to keep salary account and savings account separate? ### Answer: Personally, I keep two regular checking accounts at different banks. One gets a direct deposit totaling the sum ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good practice to keep salary account and savings account separate? ### Answer: I live in the UK so it's a little different but generally you'd have one account (a current account) which would ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good practice to keep salary account and savings account separate? ### Answer: I pretty much only use my checking. What's the downside? Checking accounts don't pay as much interest as savings ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good practice to keep salary account and savings account separate? ### Answer: There is no "should", but I am strongly of the view that if you have savings of several months' salary or more, t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good practice to keep salary account and savings account separate? ### Answer: There are a lot of good answers, but I will share my experience. First, a savings account needs to be for saving...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good practice to keep salary account and savings account separate? ### Answer: My wife and I do this. We have one account for income and one for expenditures (and around 7 others for dedicated...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit report - Not able to establish identity ### Answer: It looks like from their response, they would like you to send a copy of your social security card. Your drivers license or passport will not...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit report - Not able to establish identity ### Answer: I suggest you begin by double checking what kinds of credit products you have and to which credit bureaus your bank reports. Not all financia...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit report - Not able to establish identity ### Answer: The suggestion may be very delayed, have you personally gone to the Experian Office with all the documentation (in xerox copy and in original...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: New company doesn't allow 401k deposits for 6 months, what to do with money I used to deposit? ### Answer: $9000 over 6 months is great, I'd use it for long term savings regardless of the 401(k) situa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: New company doesn't allow 401k deposits for 6 months, what to do with money I used to deposit? ### Answer: I would open a taxable account with the same custodian that manages your Roth IRA (e.g., Vang...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: New company doesn't allow 401k deposits for 6 months, what to do with money I used to deposit? ### Answer: Bit hesitant to put this in an answer as I don't know if specific investment advice is approp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: New company doesn't allow 401k deposits for 6 months, what to do with money I used to deposit? ### Answer: Two options not mentioned: -No information about your emergency fund in your question. If you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: New company doesn't allow 401k deposits for 6 months, what to do with money I used to deposit? ### Answer: Short answer is fund a Roth. If you are under 50 then you can put in $5500 or $6500 if you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Avoiding Double-Reporting Income (1099-MISC plus 1099-K) ### Answer: Your clients should not send you 1099-MISC if they paid with a credit card. You can refer them to this text in the instructions for...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a mutual fund? ### Answer: Let's say that you want to invest in the stock market. Choosing and investing in only one stock is risky. You can lower your risk by diversifying, or investing in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a mutual fund? ### Answer: The simple answer is: YES, the JP Morgan emerging markets equity fund is a mutual fund. A mutual fund is a pooling of money from investors to invest in stocks and bo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people take out life insurance on their children? Should I take out a policy on my child? ### Answer: As you say life insurance is about covering the loss of income, so unless your child is an ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people take out life insurance on their children? Should I take out a policy on my child? ### Answer: Why do people take out life insurance on their children? They do so largely because it's be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people take out life insurance on their children? Should I take out a policy on my child? ### Answer: My parents and I were suckered into buying this kind of thing when I was in high school. Th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people take out life insurance on their children? Should I take out a policy on my child? ### Answer: Adam Davis's answer is pretty good. However, I think he misses something with regard to the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people take out life insurance on their children? Should I take out a policy on my child? ### Answer: It's Permanent Insurance, sold as a savings scheme that is a bad deal for most people. The ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people take out life insurance on their children? Should I take out a policy on my child? ### Answer: Sales tactics for permanent insurance policies can get pretty sleazy. Sending home a flier ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people take out life insurance on their children? Should I take out a policy on my child? ### Answer: If the child can take over the life insurance when they wish to get a mortgage or have thei...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do people take out life insurance on their children? Should I take out a policy on my child? ### Answer: A $10,000 life insurance policy on a child only makes sense for a family that: Thus, it cou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing in a growth stock periodically ### Answer: I would encourage you to read The Warren Buffett Way. Its a short read and available from most libraries as an audio book. It should address most...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit cards: How is a cash advance different from a purchase? Why are the fees so high? ### Answer: Essentially speaking, when you purchase goods worth $100 using your card, the store has to pay abou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit cards: How is a cash advance different from a purchase? Why are the fees so high? ### Answer: Think about the credit card business model... they have two revenue generators: interest and fees f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: S&P is consistently beating inflation? ### Answer: TL;DR: Because stocks represent added value from corporate profits, and not the price the goods themselves are sold at. This is actually a very compl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: S&P is consistently beating inflation? ### Answer: Inflation and stock returns are completely different things The CPI tracks the changes in the prices of a basket of goods a consumer might buy, the S...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: S&P is consistently beating inflation? ### Answer: The U.S. economy has grown at just under 3% a year after inflation over the past 50 years. (Some of this occurred to "private" companies that are not...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a standard check format in the USA? ### Answer: Legally, a check just needs to have a certain list of things (be an instruction to one's bank to pay a specific amount of money to bearer or to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a standard check format in the USA? ### Answer: Many years ago, I worked on software that had to print the date, payee, and amounts on pre-printed checks. Other than the MICR line (which had...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a standard check format in the USA? ### Answer: No, there is no standard. I see all kinds of paper sizes, and the amount, date, etc. is all over the place. They are all rectangular, but other...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a standard check format in the USA? ### Answer: Nope, anything is that has the required information is fine. At a minimum you need to have the routing number, account number, amount, "pay to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stock prices change? [duplicate] ### Answer: None of that is filtered my way as a "part owner". Sure it is, it's just not always obvious. When a company makes money it either: Other then the fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stock prices change? [duplicate] ### Answer: As I understand it, a company raises money by sharing parts of it ("ownership") to people who buy stocks from it. It's not "ownership" in quotes, i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stock prices change? [duplicate] ### Answer: In addition to D. Stanley's very fine answer, the price of stocks change as a result of changing market conditions and the resulting investor estima...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Was this bill forgotten by a medical provider, and do notices need to be sent before collections? ### Answer: Seems like the straightforward answer is to call the provider and ask. They should be abl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Was this bill forgotten by a medical provider, and do notices need to be sent before collections? ### Answer: Sometimes I think a question like this is one of moral versus legal. The reality is that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Was this bill forgotten by a medical provider, and do notices need to be sent before collections? ### Answer: check the DATE OF SERVICE on all your invoices carefully. It's possible you actually DID ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the benefits to underwriters in a secondary offering? ### Answer: Your impression about banks and bankers is very wrong. Wall street banks can and often do lose in transactions. In fact, ba...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Facebook buying WhatsApp for 19 Billion. How are existing shareholders affected? ### Answer: The answer to your question has to do with the an explanation of "shares authorized, issued and outstanding...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Facebook buying WhatsApp for 19 Billion. How are existing shareholders affected? ### Answer: It's a dilution of the ownership; the public used to own x% of Facebook and now they own less than x% of th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Facebook buying WhatsApp for 19 Billion. How are existing shareholders affected? ### Answer: isn't it still a dilution of existing share holder stock value ? Whether this is dilution or benefit, only ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Facebook buying WhatsApp for 19 Billion. How are existing shareholders affected? ### Answer: Of course it is a dilution of existing shareholders. When you buy milk in the supermarket - don't you feel ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Remote jobs and incidental wage costs: What do I have to consider? ### Answer: In the US we have social security taxes, where for a full time employee the company pays half and the employee pays half....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Remote jobs and incidental wage costs: What do I have to consider? ### Answer: An employee costs the company in four ways: Salary, taxes, benefits, and capital. Salary: The obvious one, what they pay ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When is an IPO considered failure? ### Answer: Different stakeholders have different views of 'failure'. Maybe from Air Berlin's point of view it was a failure, but technically speaking it is not rea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When is an IPO considered failure? ### Answer: Just skimming through the Wikipedia article on airberlin, I notice there is more to the story than simply "airberlin's IPO failed, so they postponed it ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to influence a company's actions by buying stock? ### Answer: To quote Adam Smith, 'Everything is worth what its purchaser will pay for it'. In this case, that means, the value of a sto...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to influence a company's actions by buying stock? ### Answer: Energy Transfer Partners, LP (stock symbol ETP) is the parent company of Dakota Access LLC, the developer of the Dakota Acc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to influence a company's actions by buying stock? ### Answer: Another form of 'shareholder' activism. You might be able to buy a single share, which it seems would cost around $35, atte...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to influence a company's actions by buying stock? ### Answer: You can execute block trades on the options market and get exercised for shares to create a very large position in Energy T...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to influence a company's actions by buying stock? ### Answer: Yes and no. This really should be taught at junior school level in a capitalist country but that is a different argument. A...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the tax liabilities for an Indian citizen working in the US? ### Answer: Tax liability in US: You would need to determine if you are a resident alien or non resident alien. Resident alien are...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I were to get into a life situation where I would not be able to make regular payments, do lenders typically provide options other than default? ### Answer: I would say generally, the answer is No....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I were to get into a life situation where I would not be able to make regular payments, do lenders typically provide options other than default? ### Answer: For insight on what will happen, I sugge...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I were to get into a life situation where I would not be able to make regular payments, do lenders typically provide options other than default? ### Answer: The answer is generally yes. Depending ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If I were to get into a life situation where I would not be able to make regular payments, do lenders typically provide options other than default? ### Answer: Some lenders will work with you if you c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My bank refused to do a charge back ### Answer: Call Comcast during a non-peak time (first thing in the morning?), wait on hold, and politely explain what happened and request a $50 credit. Also polit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My bank refused to do a charge back ### Answer: You can't make your bank do a charge back. This function is to assist with straight up fraud, not a customer service mistake. (Think spoofed or stolen c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I cancel an existing credit card so I can open another that has rewards? ### Answer: Cancelled cards don't fall off the system for a long time, up to ten years. Card terms change, with notice o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I cancel an existing credit card so I can open another that has rewards? ### Answer: You're right to keep the oldest one. That's an asset to your credit rating. Since you're already responsibl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I cancel an existing credit card so I can open another that has rewards? ### Answer: Hits to your credit rating for canceling one of the newer cards will be a small hit for a few months. You d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to rebalance a portfolio without moving money into losing investments ### Answer: You are very correct, rebalancing is basically selling off winners to buy losers. Of course the thinking is that s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to rebalance a portfolio without moving money into losing investments ### Answer: A strategy of rebalancing assumes that the business cycle will continue, that all bull and bear markets end eventu...