Datasets:
circircircle
/
FinQA

Dataset card Data Studio Files
xet
 Community
text
stringlengths
146
45.7k
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: A 25% variance in price, in most markets, isn't so crazy as to require it be some sort of terrible scam, but that...
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: I am a realtor and work for Rausch Coleman and can answer this question for you. We are a production builder. We ...
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: The reason Rausch Coleman homes are generally cheaper, is because they are a high volume dealer. Their communitie...
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: Not only are they high volume but also most finish materials are very basic. For example lighting fixtures, most ...
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: They are cheap because they are made from cheap material. All the homes in my addition are Ruasch Coleman and a ...
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: Research the company that is all I can say this company has horrible reviews. They show on their Facebook page gr...
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: I have lived in my RC Home since 2008 and I have had ZERO PROBLEMS! We are in the process of building another RC ...
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: I walked into my sister's new Rausch Coleman house this afternoon to help her move in and told her to make sure t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What determines the price of fixed income ETFs? ### Answer: The literal answer to your question 'what determines the price of an ETF' is 'the market'; it is whatever price a buyer is willing to pay an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 401(k) Investment stategies ### Answer: You could end up with nothing, yes. I imagine those that worked at Enron years ago if their 401(k) was all in company stock would have ended up with nothing to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 401(k) Investment stategies ### Answer: Ending up with nothing is an unlikely situation unless you invest 100% in a company stock and the company goes under. In order to give you a good answer we need...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to 401(k) money that isn't used by the time the account holder dies? ### Answer: A 401k plan will ask you to name a beneficiary who will receive the funds if you don't withdraw them all b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to 401(k) money that isn't used by the time the account holder dies? ### Answer: It goes to the beneficiaries, not necessarily the heirs. Taxation is a bit complicated and depends also on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What happens to 401(k) money that isn't used by the time the account holder dies? ### Answer: I understand the answers addressing the question as asked. Yes, inheriting a 401(k) can be a convoluted pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a reasonable salary for the owner and sole member of a small S-Corp? ### Answer: The answer depends on this: If you had to hire someone to do what you are doing in the S-corp, what would you p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a reasonable salary for the owner and sole member of a small S-Corp? ### Answer: Generally if you're a sole S-Corp employee - it is hard to explain how the S-Corp earned more money than your w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a reasonable salary for the owner and sole member of a small S-Corp? ### Answer: You can get audited for anything Business owners are more likely to get audited than people filing 1040-EZ's fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate how much house I can afford? ### Answer: There is no simple way to calculate how much house any given person can afford. In the answer keshlam gave, several handy rules of thumb are m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate how much house I can afford? ### Answer: $100K of mortgage debt at 4%, 30 years will result in a $477/mo mortgage. It would take about $23K in income to have 25% of the monthly income...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate how much house I can afford? ### Answer: Fundamentals: Then remember that you want to put 20% or more down in cash, to avoid PMI, and recalculate with thatmajor chunk taken out of yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I deal with a spouse who compulsively spends? ### Answer: compulsive eating, and other compulsions, are also an issue If this is true, then this is not a money problem. This is a psychologica...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I deal with a spouse who compulsively spends? ### Answer: Based on the conversations in the comments, I believe a pragmatic solution would be the best immediate course of action, while still w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I deal with a spouse who compulsively spends? ### Answer: Perhaps it seems harsh, but I would get separate accounts: credit cards, savings, retirement, all the way down the line. Your only jo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a normal amount of money to spend per week on food/entertainment/clothing? ### Answer: I'll start with a question... Is the 63K before or after taxes? The short answer to your question on how...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a normal amount of money to spend per week on food/entertainment/clothing? ### Answer: As THEAO suggested, tracking spending is a great start. But how about this - Figure out the payment nee...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a normal amount of money to spend per week on food/entertainment/clothing? ### Answer: Zero? Ten grand? Somewhere in the middle? It depends. Your stated salary, in U.S. dollars, would be high ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to get into real estate with a limited budget ### Answer: You are neglecting a few very important things around real estate transactions in Belgium So in the end a 300K building may cost you more ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to get into real estate with a limited budget ### Answer: One way to "get into the real estate market" is to invest your money in a fund which has its value tied to real estate. For example, a Rea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What do the terms par value, purchase price, call price, call date, and coupon rate mean in the context of bonds? ### Answer: Unless stated otherwise, these terms apply to all bonds. The par value or ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What do the terms par value, purchase price, call price, call date, and coupon rate mean in the context of bonds? ### Answer: Bonds are valued based on all of this, using the concept of the "time valu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can one relatively easily show that low expense ratio funds outperform high expense ratio funds? ### Answer: I hope a wall of text with citations qualifies as "relatively easy." Many of these stud...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Withdraw funds with penalty or bear high management fees for 10 years? ### Answer: I think the main question is whether the 1.5% quarterly fee is so bad that it warrants losing $60,000 immediately. Su...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Withdraw funds with penalty or bear high management fees for 10 years? ### Answer: Most financial "advisors" are actually financial-product salesmen. Their job is to sweet-talk you into parting with ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Withdraw funds with penalty or bear high management fees for 10 years? ### Answer: Here's the purely mathematical answer for which fees hurt more. You say taking the money out has an immediate cost of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Withdraw funds with penalty or bear high management fees for 10 years? ### Answer: To me, it depends. How much are their total assets? Having 10% of your money in something like that isn't crazy. ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How and Should I Invest (As a college 18 year old with minimal living expenses)? ### Answer: I have about $1K in savings, and have been told that you should get into investment and saving for retireme...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How and Should I Invest (As a college 18 year old with minimal living expenses)? ### Answer: You have great intentions, and a great future. As far as investing goes, you're a bit early. Unless your pa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How and Should I Invest (As a college 18 year old with minimal living expenses)? ### Answer: I'd suggest you keep putting money in your savings account and start investing after you land that first bi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How and Should I Invest (As a college 18 year old with minimal living expenses)? ### Answer: While others have made a good case for how you may want to save and spend I just want to take a moment to c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How and Should I Invest (As a college 18 year old with minimal living expenses)? ### Answer: The $1K in funds are by default your emergency fund. If absolutely necessary, emergency funds may need to c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How will the New credit reporting rules affect people who are already struggling financially? ### Answer: From my understanding by paying your bills more than 5 days late will not lead you into bankru...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I know when I am financially stable/ready to move out on my own? ### Answer: One big deciding factor will be what standard of living you want to maintain once you move out. Your parents have h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I know when I am financially stable/ready to move out on my own? ### Answer: It all depends on what your financial goals are when you are ready. You sound like you could be ready today if you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I know when I am financially stable/ready to move out on my own? ### Answer: I'll just say this. You are in much better shape financially than I was when I moved out on my own and started suppo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I know when I am financially stable/ready to move out on my own? ### Answer: One major concern with moving out on your own is can you afford rent each month, be it an apartment or a house payme...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I know when I am financially stable/ready to move out on my own? ### Answer: I recently moved out from my parents place, after having built up sufficient funds, and gone through these questions...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I know when I am financially stable/ready to move out on my own? ### Answer: It's hard to financially justify buying a house just for one person to live in. You end up being 'over-housed' (and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I know when I am financially stable/ready to move out on my own? ### Answer: If you are living at home as an adult, then you should be paying your fair share and contributing to the household e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I know when I am financially stable/ready to move out on my own? ### Answer: I’m going to suggest something your parents may be reluctant to say: “Grow up and get out.” A man living in a van do...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Bank denying loan after “subject-to” appraisal: What to do? ### Answer: I'm not sure about your first two options. But given your situation, a variant of option three seems possible. That way you d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Bank denying loan after “subject-to” appraisal: What to do? ### Answer: The first red-flag here is that an appraisal was not performed on an as-is basis - and if it could not be done, you should be to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do P/E ratios for a particular industry tend to cluster around particular values? ### Answer: This falls under value investing, and value investing has only recently picked up study by academia, s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In general, is it financially better to buy or to rent a house? ### Answer: The general answer is: "it depends on how long you want to live there". Here is a good calculator to figure it out: http://w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In general, is it financially better to buy or to rent a house? ### Answer: Forget, for the moment, which will pay off most over the long term. Consider risk exposure. You've said that you (hypothetic...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In general, is it financially better to buy or to rent a house? ### Answer: There's probably no simple answer, but it's fair to say there are bad times to buy, and better times. If you look at a hous...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In general, is it financially better to buy or to rent a house? ### Answer: I just read through all of the answers to this question and there is an important point that no one has mentioned yet: Often...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In general, is it financially better to buy or to rent a house? ### Answer: An important factor you failed to mention is the costs associated with owning a home. For example, every 10 / 15 years, you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In general, is it financially better to buy or to rent a house? ### Answer: Which is generally the better option (financially)? Invest. If you can return 7-8% (less than the historical return of the S...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In general, is it financially better to buy or to rent a house? ### Answer: Property in general tends to go up in value. That's one advantage you won't get if you rent. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Family suggests my first real estate. Advice? ### Answer: Living in one unit of a multi-family while renting out the others, although not without its risks, can be a viable (if gradual) way to build w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Family suggests my first real estate. Advice? ### Answer: Do not borrow to invest in real estate. The interest payments will eat up most of your profit (the property management fees might eat up the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Family suggests my first real estate. Advice? ### Answer: You say My work is steady; even if I lost my job it'd be easy to get another. Location has been static for a few years now, but I'm not sure ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 28 years old and just inherited large amount of money and real estate - unsure what to do with it ### Answer: We don't have a good answer for how to start investing in poland. We do have good answer...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do employers require you to spread your 401(k) contributions throughout the year to get the maximum match? ### Answer: If one makes say, $10K/mo, and the company will match the first 5% dollar for...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do employers require you to spread your 401(k) contributions throughout the year to get the maximum match? ### Answer: The only way to know the specific explanation in your situation is to ask you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do employers require you to spread your 401(k) contributions throughout the year to get the maximum match? ### Answer: There's no such requirement in general. If your particular employer requires ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't market indexes use aggregate market capitalization? ### Answer: They do but you're missing some calculations needed to gain an understanding. Intro To Stock Index Weighting Methods notes in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why don't market indexes use aggregate market capitalization? ### Answer: would constantly fluctuate and provide an indication of how well the market is doing. The index is there to tell if you made p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are capital gains taxed at a lower rate than normal income? ### Answer: I think this question is very nearly off-topic for this site, but I also believe that a basic understanding of the why the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are capital gains taxed at a lower rate than normal income? ### Answer: To me, the lower tax rate for capital gains is largely due to governments encouraging economic activity. Note that investme...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are capital gains taxed at a lower rate than normal income? ### Answer: Were capital gains taxes not lower, companies would have an incentive to minimize the portion of the value they create that...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are capital gains taxed at a lower rate than normal income? ### Answer: Here are three key factors that you do not explicitly state: So while I cannot say exactly why the tax law is the way it is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are capital gains taxed at a lower rate than normal income? ### Answer: There are two alternative explanations: Choose the explanation you prefer based on your level of cynicism. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are capital gains taxed at a lower rate than normal income? ### Answer: Every economy wants growth and for growth to come you need investments. So, you must provide some motive for people to risk...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are capital gains taxed at a lower rate than normal income? ### Answer: Consider inflation. If you invest $10,000 today, you need to make a few hundred dollars interest just to make up for inflat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are capital gains taxed at a lower rate than normal income? ### Answer: There are many reasons, which other answers have already discussed. I want to emphasize and elaborate on just one of the re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How separate individual expenses from family expenses in Gnucash? ### Answer: In your words, you want to "easily determine whether an item was purchased as part of our individual accounts, or our comb...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How separate individual expenses from family expenses in Gnucash? ### Answer: These sort of issues in structuring your personal finances relative to expenses can get complicated quickly, as your examp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a benefit, long term, to life insurance for a youngish, debt, and dependent free person? ### Answer: There is no benefit in life insurance as such (ie, death insurance.) There is a great deal...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a benefit, long term, to life insurance for a youngish, debt, and dependent free person? ### Answer: If there are no dependents, there is no need for life insurance. You mention getting insu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a benefit, long term, to life insurance for a youngish, debt, and dependent free person? ### Answer: For most situations the "no need" answers are 100% correct. The corner case to think about...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a benefit, long term, to life insurance for a youngish, debt, and dependent free person? ### Answer: As others have said, if you don't have dependents, there's little need for life insurance....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a benefit, long term, to life insurance for a youngish, debt, and dependent free person? ### Answer: As Mhoran stated, no dependents, no need. Even with dependants, insurance is to cover th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a benefit, long term, to life insurance for a youngish, debt, and dependent free person? ### Answer: There are a few questions that need qualification, and a bit on the understanding of what ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a benefit, long term, to life insurance for a youngish, debt, and dependent free person? ### Answer: Careful with saying "no need". Look careful at the cost of life insurance. That cost depe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a benefit, long term, to life insurance for a youngish, debt, and dependent free person? ### Answer: Term life insurance for a healthy 30 year old is a heck of a lot cheaper than for a 40 yea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What exactly can a financial advisor do for me, and is it worth the money? ### Answer: If you don't have the time or interest to manage investments, you need a financial advisor. Generally speaking, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What exactly can a financial advisor do for me, and is it worth the money? ### Answer: A financial planner can help with investments, insurance, estate planning, budgeting, retirement planning, saving...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What exactly can a financial advisor do for me, and is it worth the money? ### Answer: Technically, anyone who advises how you should spend or proportion your money is a financial adviser. A person t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What exactly can a financial advisor do for me, and is it worth the money? ### Answer: In my experience financial advisors do not normally assist with budgeting and personal everyday finance. There ce...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What exactly can a financial advisor do for me, and is it worth the money? ### Answer: There are several types of financial advisors. Some are associated with brokerages and insurance companies and th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does end-of-year interact with mutual fund prices (if it does)? ### Answer: This answer is applicable to the US. Similar rules may hold in some other countries as well. The shares in an open-en...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How Warren Buffett made his money ### Answer: Despite Buffett's nearly perfect consistent advice over the past few decades, they don't reflect his earliest days. His modern philosophy seemed to solid...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How Warren Buffett made his money ### Answer: There is actually a recent paper that attempted to decompose Buffett's outperformance. I've quoted the abstract below: "Berkshire Hathaway has realized a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can my employer limit my maximum 401k contribution amount (below the IRS limit)? ### Answer: Congratulations on your raise! Is my employer allowed to impose their own limit on my contributions that'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can my employer limit my maximum 401k contribution amount (below the IRS limit)? ### Answer: Highly Compensated Employee Rules Aim to Make 401k's Fair would be the piece that I suspect you are missing...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can my employer limit my maximum 401k contribution amount (below the IRS limit)? ### Answer: One description of what happened is at 401(k) Plan Fix-It Guide. The issue is the plan was "Top Heavy," i....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can my employer limit my maximum 401k contribution amount (below the IRS limit)? ### Answer: On thing the questioner should do is review the Summary Plan Description (SPD) for the 401(k) plan. This M...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can my employer limit my maximum 401k contribution amount (below the IRS limit)? ### Answer: Companies are required BY THE IRS to try to get everybody to contribute minimal amounts to the 401K's. In ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can my employer limit my maximum 401k contribution amount (below the IRS limit)? ### Answer: My old company did this and set a limit at 13 percent which for me kept me well below putting the max into ...