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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax implications of diversification ### Answer: (All for US.) Yes you (will) have a realized long-term capital gain, which is taxable. Long-term gains (including those distributed by a mutual fund or ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax implications of diversification ### Answer: If so, are there ways to reduce the amount of taxes owed? Given that it's currently December, I suppose I could sell half of what I want now, and the ot...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Recognizing the revenue on when virtual 'credits' are purchased as opposed to used ### Answer: I'll assume United States as the country; the answer may (probably does) vary somewhat if this is not co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: End of financial year: closing transactions ### Answer: I'm not sure there's a good reason to do a "closing the books" ceremony for personal finance accounting. (And you're not only wanting to do that...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much would it cost me to buy one gold futures contract on Comex? ### Answer: When you buy a futures contract you are entering into an agreement to buy gold, in the future (usually a 3 month settle...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much would it cost me to buy one gold futures contract on Comex? ### Answer: Brokers usually have this kind of information, you can take a look at interactive brokers for instance: http://www.inte...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much would it cost me to buy one gold futures contract on Comex? ### Answer: The lot size is 100 troy ounce. See the contract specification at the same site; http://www.cmegroup.com/trading/metals...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much would it cost me to buy one gold futures contract on Comex? ### Answer: In order to understand how much you might gain or lose from participating in the futures markets, it is important to fi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: what is difference between stock and dividend? ### Answer: stocks represent ownership in a company. their price can go up or down depending on how much profit the company makes (or is expected to make...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: what is difference between stock and dividend? ### Answer: From Wikipedia - Stock: The stock (also capital stock) of a corporation constitutes the equity stake of its owners. It represents the resid...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: what is difference between stock and dividend? ### Answer: Stock basically implies your ownership in the company. If you own 1% ownership in a company, the value of your stake becomes equal to 1% of t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to improve stock purchase with limit orders accounting for volatility? ### Answer: If you can afford the cost and risk of 100 shares of stock, then just sell a put option. If you can o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to improve stock purchase with limit orders accounting for volatility? ### Answer: There is no such thing as buying at the best price. That only exists in hindsight. If you could consis...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible to improve stock purchase with limit orders accounting for volatility? ### Answer: The simplest solution to fire-and-forget is to pick something like a Target Date mutual fund made up o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Given current market conditions, how / when should I invest a $200k inheritance? ### Answer: E) Spend a small amount of that money on getting advice from a paid financial planner. (Not a broker or som...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Setting up auto-pay. Should I use my bank that holds mortage or my personal bank? ### Answer: One factor to consider is timing. If you set up the automatic payments through the bank that holds the mor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Setting up auto-pay. Should I use my bank that holds mortage or my personal bank? ### Answer: Depending on your bank you may receive an ACH discount for doing automatic withdrawals from a deposit acco...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Real estate agent best practice ### Answer: This question is a bit off-topic, might be better moved to another SE site. But I'll answer anyway: Sounds like the problem is that your wife is potentiall...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Real estate agent best practice ### Answer: There are people that make up a small segment of the population that have an unsatisfied need to see the insides of other people's houses. There's also a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a better way for an American resident in a foreign country to file tax? ### Answer: If you live outside the US, then you probably need to deal with foreign tax credits, foreign income exclusio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Selling equities for real-estate down payment ### Answer: My suggestion would be to do the math. That is the best advice you can get when considering any investment. There are other factors you haven...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Working Capital Definition ### Answer: As you say, if you delay paying your bills, your liabilities will increase. Like say your bills total $10,000 per month. If you normally pay after 30 days, then...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the catch in investing in real estate for rent? ### Answer: Several, actually: Maintenance costs. As landlord, you are liable for maintaining the basic systems of the dwelling - structure, elec...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the catch in investing in real estate for rent? ### Answer: There are those who are knowledgable in real estate who offer rules of thumb: Don't pay more that 50X the rent for the house. Here, $...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the catch in investing in real estate for rent? ### Answer: The other thing to remember is seasonality. Just because monthly rent is $900/month doesn't guarantee that you'll bring in $900/mont...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the catch in investing in real estate for rent? ### Answer: More possible considerations: Comparability with other properties. Maybe properties that rent for $972 have more amenities than this...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the catch in investing in real estate for rent? ### Answer: There are several things that are missing from your estimate: The terms for the mortgage for a rental property will be different. You...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the catch in investing in real estate for rent? ### Answer: There is a positive not being mentioned above: the depreciation vs your regular earned income. Disclaimer: I am not a tax attorney or...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the catch in investing in real estate for rent? ### Answer: It is easier to get a loan on a rental than a flip, which is a huge advantage to rental properties. Leverage allows you to increase y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the catch in investing in real estate for rent? ### Answer: Don't over analyze it - check with some local landlords that are willing to share some information and resources Then analyze the Wo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is it possible that a preauth sticks to a credit card for 30 days, even though the goods have already been delivered? ### Answer: It is barely possible that this is Citi's fault, but it sounds mor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is it possible that a preauth sticks to a credit card for 30 days, even though the goods have already been delivered? ### Answer: This is not a normal occurrence, and you have every right to be an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is it possible that a preauth sticks to a credit card for 30 days, even though the goods have already been delivered? ### Answer: The answer to your question is very simple: The preauth and the sh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is it possible that a preauth sticks to a credit card for 30 days, even though the goods have already been delivered? ### Answer: Open a dispute for the preauth. It is effectively a double charge,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to report to FInCEN if I had greater than $10,000 worth of bitcoin in a foreign bitcoin exchange? ### Answer: Yes, I'd say you do. This is similar to reporting a brokerage account. Also, don...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to report to FInCEN if I had greater than $10,000 worth of bitcoin in a foreign bitcoin exchange? ### Answer: Lets look at possible use cases: If you ever converted your cryptocurrency to ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to report to FInCEN if I had greater than $10,000 worth of bitcoin in a foreign bitcoin exchange? ### Answer: Firstly you have to know exactly what you are asking here. What you have if you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to get started with savings, paying off debt, and retirement? ### Answer: The word you are looking for is "budget" You can't pay off debt if you are spending more than you earn. Therefore, start ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to get started with savings, paying off debt, and retirement? ### Answer: You have a small emergency fund. Good! Be open about your finances with each other. No secrets, except around gift-givin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to get started with savings, paying off debt, and retirement? ### Answer: I agree with the other answers here. You need to pay off your debts first, so that you can take the money you would have ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to get started with savings, paying off debt, and retirement? ### Answer: Communicate. I would recommend taking a course together on effective communications, and I would also suggest taking a cou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do new car loans, used car loans, and refinanced loans have different rates and terms? ### Answer: New car loans, used car loans, and refinances have different rates because they have different ri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do new car loans, used car loans, and refinanced loans have different rates and terms? ### Answer: According to AutoTrader, there are many different reasons, but here are three: New cars have a b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do new car loans, used car loans, and refinanced loans have different rates and terms? ### Answer: There are normally three key factors that define different kinds of loans, these factors affect t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What did John Templeton mean when he said that the four most dangerous words in investing are: ‘this time it’s different'? ### Answer: Essentially, he means "one ignores history at their own peril". W...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What did John Templeton mean when he said that the four most dangerous words in investing are: ‘this time it’s different'? ### Answer: This refers to the faulty idea that the stock market will behave ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What did John Templeton mean when he said that the four most dangerous words in investing are: ‘this time it’s different'? ### Answer: It's a statement that seems to be true about our tendency to beli...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What did John Templeton mean when he said that the four most dangerous words in investing are: ‘this time it’s different'? ### Answer: There's an elephant in the room that no one is addressing: Sucker...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What did John Templeton mean when he said that the four most dangerous words in investing are: ‘this time it’s different'? ### Answer: A brief review of the financial collapses in the last 30 years wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What did John Templeton mean when he said that the four most dangerous words in investing are: ‘this time it’s different'? ### Answer: To play devil’s advocate to much of what has been written before,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any risks from using mint.com? ### Answer: Mint.com uses something called OFX (Open Financial Exchange) to get the information in your bank account. If someone accessed your mint account the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any risks from using mint.com? ### Answer: Some banks allow mint.com read-only access via a separate "access code" that a customer can create. This would still allow an attacker to find out...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any risks from using mint.com? ### Answer: With Mint you are without a doubt telling a third party your username and password. If mint gets compromised, or hires a bad actor, technically th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there any risks from using mint.com? ### Answer: Here's a very simple answer, ask your broker/bank. Mine uses ofx. When asked if they would reimburse me for any unauthorized activity, the answer...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is www.onetwotrade.com a scam? ### Answer: OneTwoTrade is a binary option seller, and they are officially licensed by the Malta Gaming Authority. They are not in any way licensed or regulated as an in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is www.onetwotrade.com a scam? ### Answer: It is a binary options market licensed by the "gaming authority" of Malta. One of the most liberal "pay to play" jurisdictions in the European Union. It sell...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What prices are compared to decide a security is over-valued, fairly valued or under-valued? ### Answer: I was wondering how "future cash flows of the asset" are predicted? Are they also predicted usi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Am I exposed to currency risk when I invest in shares of a foreign company that are listed domestically? ### Answer: Yes, you're still exposed to currency risk when you purchase the stock on company B...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Difference between Edward Jones or Betterment ### Answer: Instead of saying which one is better, which is too subjective, I think it is more important to understand what these institutions are. They...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What kind news or information would make the price of a stock go up? ### Answer: There is a highly related question which is much easier to answer: what normally value-increasing news about a company...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What kind news or information would make the price of a stock go up? ### Answer: You should not trade based on what news is just released, if you try you will be too slow to react most of the time. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Weekly budgets based on (a variable) monthly budget ### Answer: I think the real problem here is dealing with the variable income. The envelope solution suggests the problem is that your brother doesn...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Weekly budgets based on (a variable) monthly budget ### Answer: If you know, approximately, the minimum he would get in a month, his budget should be planned based on this amount. In months where he g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Weekly budgets based on (a variable) monthly budget ### Answer: Try reading about budgeting. Make a list of all income coming in and all expenses going out. Eliminate any unnecessary expenses and try...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Weekly budgets based on (a variable) monthly budget ### Answer: Developing self-discipline in his spending habits is a prerequisite for dealing with a (sometimes low) variable income. While it might ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 1.4 million cash. What do I do? ### Answer: For now, park it in a mix of cash and short term bond funds like the Vanguard Short Term Investment Grade fund. The short term fund will help with the infla...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 1.4 million cash. What do I do? ### Answer: You can get an investment manager through firms like Fidelity or E*Trade to manage your account. It won't be someone dedicated exclusively to you, but you'r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 1.4 million cash. What do I do? ### Answer: I'm still recommending that you go to a professional. However, I'm going to talk about what you should probably expect the professional to be telling you. T...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 1.4 million cash. What do I do? ### Answer: First--congratulations! I certainly wish I could create something worth buying for $1.4 million. In addition to what @duffbeer703 recommended, consider pu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 1.4 million cash. What do I do? ### Answer: At 1.4 Million, you can definately afford a professional advisor who would give you the best advice taking into account all your goals and risk appetite. ##...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 1.4 million cash. What do I do? ### Answer: Have you considered investing in real estate? Property is cheap now and you have enough money for several properties. The income from tenants could be very ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 1.4 million cash. What do I do? ### Answer: For what it's worth, the distribution I'm currently using is roughly ... with about 2/3 of the money sitting in my 401(k). I should note that this is actual...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 1.4 million cash. What do I do? ### Answer: you should invest in a range of stock market indexes. Ex : Dow jones, S&P500, Nasdaq and keep it there until you are ready to retire. I'm invested half in S...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What effect would currency devaluation have on my investments? ### Answer: Stocks, gold, commodities, and physical real estate will not be affected by currency changes, regardless of whether those cha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What effect would currency devaluation have on my investments? ### Answer: First, a clarification. No assets are immune to inflation, apart from inflation-indexed securities like TIPS or inflation-ind...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What effect would currency devaluation have on my investments? ### Answer: My question boiled down: Do stock mutual funds behave more like treasury bonds or commodities? When I think about it, it se...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have more than $250,000 in a US Bank account… mistake? ### Answer: First, what's the reason? Why do you have that much in cash at all - are you concerned about market volatility, are you planning to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have more than $250,000 in a US Bank account… mistake? ### Answer: Yes. Although I imagine the risk is small, you can remove the risk by splitting your money amongst multiple accounts at different b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have more than $250,000 in a US Bank account… mistake? ### Answer: If you were married the 250K protection can be expanded by the use of joint and individual accounts. A separate limit also exists f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have more than $250,000 in a US Bank account… mistake? ### Answer: Many brokerage accounts for trading stocks are covered under SIPC insurance, which is up to $500,000 You can also have multiple ch...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have more than $250,000 in a US Bank account… mistake? ### Answer: Build a trust. I have a trust account under my name and 3 dependents, FDIC confirmed we're good to 1m. Then I have personal account...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can expense ratios on investment options in a 401(k) plan contain part of the overall 401(k) plan fees? ### Answer: There are several things being mixed up in the questions being asked. The expense ra...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can expense ratios on investment options in a 401(k) plan contain part of the overall 401(k) plan fees? ### Answer: I question the reliability of the information you received. Of course, it's possibl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to pay bills for one month while waiting for new job? ### Answer: A traditional bank is not likely to give you a loan if you have no source of income. Credit card application forms also ask for yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to pay bills for one month while waiting for new job? ### Answer: The first thing I would try is to take out a loan from a local credit union. If you don't know of any that you're eligible for, st...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to pay bills for one month while waiting for new job? ### Answer: This is just a partial answer, but I believe the following observations are relevant: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to pay bills for one month while waiting for new job? ### Answer: What is my best course of action, trying to minimize future debt? Minimizing expenses is the best thing you can do. The first step...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better for a public company to increase its dividends, or institute a share buyback? ### Answer: In some sense, the share repurchasing program is better if the company does not foresee the same ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better for a public company to increase its dividends, or institute a share buyback? ### Answer: I feel dividends are better for shareholders. The idea behind buy backs is that future profits ar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it better for a public company to increase its dividends, or institute a share buyback? ### Answer: I would prefer a dividend paying company, rather than share appreciation. And I would prefer that...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the sale of personal items need to be declared as income on my income taxes? ### Answer: Books would be considered Personal-Use Property according to Canada's income tax laws. The most detailed ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the sale of personal items need to be declared as income on my income taxes? ### Answer: I doubt it. In the States you would only owe tax if you sold such an item at a profit. "garage sales" aren...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stock index fund likely to keep being a reliable long-term investment option? ### Answer: When you are putting your money in an index fund, you are not betting your performance against other asset...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stock index fund likely to keep being a reliable long-term investment option? ### Answer: For index funds to be a poor investment, they would have to perform worse than your alternative investment...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stock index fund likely to keep being a reliable long-term investment option? ### Answer: Stock index funds are likely, but not certainly, to be a good long-term investment. In countries other th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stock index fund likely to keep being a reliable long-term investment option? ### Answer: I think you need a diversified portfolio, and index funds can be a part of that. Make sure that you unders...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stock index fund likely to keep being a reliable long-term investment option? ### Answer: The idea behind investing in index funds is that you will not under perform the market but also at the sam...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stock index fund likely to keep being a reliable long-term investment option? ### Answer: A diversified portfolio (such as a 60% stocks / 40% bonds balanced fund) is much more predictable and reli...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In the UK what are citizens legally obliged to do (in order to not be fined) ### Answer: Edited to add an important one that I forgot, because I don't have a TV myself. You need to: That's really abou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are Rausch Coleman houses so cheap? Is it because they don't have gas? ### Answer: In northwest Arkansas, most of the houses this company offers do cost about 90 - 110 dollars per square foot. Th...