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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I get a personal loan to pay on my mortgage to go “above water” to qualify for a refinance? ### Answer: If you have a mortgage backed by FHA, Fannie, or Freddie I would hold off. There is talk...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I get a personal loan to pay on my mortgage to go “above water” to qualify for a refinance? ### Answer: Does it cost money to refi? I know there are quite a few deals out there, I refi'd in Jun...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What evidence is there that rising interest rates causes Canadian condo prices to go down? ### Answer: Yes, it's unreasonable to think the prices will drop 10-20% in that time frame. Housing prices a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What evidence is there that rising interest rates causes Canadian condo prices to go down? ### Answer: If money is more expensive (costs more to borrow) then fewer people will be able to qualify to ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What evidence is there that rising interest rates causes Canadian condo prices to go down? ### Answer: In the US market at least, there is long-term evidence that there's no strong correlation between...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What evidence is there that rising interest rates causes Canadian condo prices to go down? ### Answer: In general, prices are inversely proportional to rates; however, accurate interest rate predictio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to invest in a currency increasing in value relative to another? ### Answer: What you're looking for are either FX Forwards or FX Futures. These products are traded differently but they are basi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to invest in a currency increasing in value relative to another? ### Answer: On international stock exchanges, they trade Puts and Calls, typically also for currencies. If for example 1 NOK is wor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to invest in a currency increasing in value relative to another? ### Answer: Forex trading contracts are generally fairly short dated as you mention. Months to weeks. Professional forex traders ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to invest in a currency increasing in value relative to another? ### Answer: The increase of currency value in relation to another is a critical determinant of the economic health. It plays an imp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to trade “exotic” currencies? ### Answer: Use a currency ETF. there are many. Specific to your question there is WisdomTree Dreyfus Brazilian Real Fund (BZF) I don't happen to find a currency ET...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to trade “exotic” currencies? ### Answer: There are firms that let you do this. I believe that Saxo Bank is one such firm (note that I'm not endorsing the company at all, and have no experience wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to trade “exotic” currencies? ### Answer: Keep in mind that not every currency is "tradeable", i.e.: convertible. In fact, neither the Brazilian nor the Thai currencies are fully convertible, and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why might a robo-advisor service like Betterment be preferable to just buying a single well-performing index fund like SPY? ### Answer: Diversification and convenience: Is .15-0.35% fee worth it? It d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why might a robo-advisor service like Betterment be preferable to just buying a single well-performing index fund like SPY? ### Answer: The reason diversification in general is a benefit is easily see...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why might a robo-advisor service like Betterment be preferable to just buying a single well-performing index fund like SPY? ### Answer: What is the advantage of something like Betterment -- which dive...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why might a robo-advisor service like Betterment be preferable to just buying a single well-performing index fund like SPY? ### Answer: This is Ellie Lan, investment analyst at Betterment. To answer y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why might a robo-advisor service like Betterment be preferable to just buying a single well-performing index fund like SPY? ### Answer: Good for lazy investors, time-restricted investors, investors wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does a stock's price fluctuate so often, even when fresh news isn't available? ### Answer: News about a company is not the only thing that affects its stock's price. There is also supply and deman...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does a stock's price fluctuate so often, even when fresh news isn't available? ### Answer: In addition to what @George Marian said, a very large portion of trades are from computer programs traine...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does a stock's price fluctuate so often, even when fresh news isn't available? ### Answer: It's the buying and selling of the stock that causes the fluctuation in prices, not the news. People buy ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does a stock's price fluctuate so often, even when fresh news isn't available? ### Answer: Investors are "forever" comparing the prices of stocks to other stocks. As others have pointed out, this ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does a stock's price fluctuate so often, even when fresh news isn't available? ### Answer: according to me it's the news about a particular stock which makes people to buy or sell it mostly thus c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If USA defaults on its debt, will the T bond holder get back his money ### Answer: The only party that can pay back a government bond is the government that issued it itself. In the case of Argentina...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If USA defaults on its debt, will the T bond holder get back his money ### Answer: There is no situation one can imagine in which the US defaults (beyond a day or three) on its obligations. The treas...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I predict which way mortgage rates are moving? ### Answer: Obviously you can't predict the future too much, but it's not too hard to figure out what is going to happen to mortgage rates in the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I predict which way mortgage rates are moving? ### Answer: Mortgage rates generally consist of two factors: The risk premium is relatively constant for a particular individual / house combinat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I predict which way mortgage rates are moving? ### Answer: If economic conditions are weakening, i.e. unemployment rising, business and consummer confidence dropping, etc., you can expect inte...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the cause of sudden price spikes in the FOREX market? ### Answer: If you do not understand the volatility of the fx market, you need to stop trading it, immediately. There are many reasons tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the cause of sudden price spikes in the FOREX market? ### Answer: It depends on the currency pair since it is much harder to move a liquid market like Fiber (EURUSD) or Cable (GBPUSD) than it ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the cause of sudden price spikes in the FOREX market? ### Answer: Forex is really not that volatile compared to other major asset classes like stocks and commodities. But still markets are gen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good way to save money on car expenses? ### Answer: Apparently, if you keep your tires' air filled to the recommended level, your car will burn less gas. I loved this article at WikiHow, w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good way to save money on car expenses? ### Answer: Ride a bicycle or walk for short trips (< 5mi–10mi, depending on your level of comfort). Nothing saves as much on car expenses as simply d...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good way to save money on car expenses? ### Answer: It is almost always cheaper to do regular maintenance then to fix problems because you didn't change the oil or check the transmission flu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good way to save money on car expenses? ### Answer: Do your own oil change! If you are a hands-on person, you could also avoid the cost of the semi-annual oil change, by doing it yourself. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good way to save money on car expenses? ### Answer: Keep up on routine maintenance. That's the best way to prolong the life of your car, and it'll save you money in the long run because you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good way to save money on car expenses? ### Answer: Can you tell I'm having fun with this question? Here's another great list, from Finally Frugal, which includes the above items, but also ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good way to save money on car expenses? ### Answer: Manage the fuel consumption price: check the pattern of fuel prices if you can for your area. Some areas have weekly changes which are so...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good way to save money on car expenses? ### Answer: Don't buy the first model year of a new model unless the fuel economy is much better in the latest model. Buying a car in later years jus...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good way to save money on car expenses? ### Answer: The obvious answer for savings costs with a car is not to have a car. Of course that must be balanced against other expenses (bicycle, t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good way to save money on car expenses? ### Answer: Replace your own brake pads Disc brake pads are usually snap-in replacement parts. YouTube has tons of videos showing how to do it. Find o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a good way to save money on car expenses? ### Answer: These cars are generally considered out of date and are less prone to be victims of car theft while being reasonably safe. Make sure you p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the US Fair Tax? ### Answer: The fair tax is a proposal to replace the US income tax with a sales tax. Pros of Fair Tax: It's a large change to the way the United States currently does things...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the US Fair Tax? ### Answer: You asked about the challenges. The transition itself is the biggest one. For people to get used to the tax at the register vs at their paycheck. For a great numbe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the US Fair Tax? ### Answer: In a nutshell - Value Added Tax. America, as usual, discovers what others have known and used for years. The idea of not taxing income that's tied to it is ridicul...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the US Fair Tax? ### Answer: Its a new way of computing sales tax. Wikipedia has a nice article on this http://en.wikipedia.org/wiki/FairTax ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Fractional Reserve Banking and Insolvency ### Answer: You bet if it was so simple. This is when financial acumen comes into its true form. The bank would never ever want to go insolvent. What it does ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Fractional Reserve Banking and Insolvency ### Answer: It certainly is possible for a run on the bank to drive it into insolvency. And yes, if the bank makes some bad loans, it can magnify the problem...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Fractional Reserve Banking and Insolvency ### Answer: A bank is insolvent when it can no longer meet its short-term obligations. In this example, the bank is insolvent when depositors withdraw more c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Fractional Reserve Banking and Insolvency ### Answer: Your question points out how most fractional reserve banks are only a couple of defaults away from insolvency. The problem arises because of the t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When is it better to rent and when is better buy in a certain property market? ### Answer: Besides the long-term concern about which is cheaper, which has already been addressed by other answers, cons...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When is it better to rent and when is better buy in a certain property market? ### Answer: For US punters, the Centre for Economic and Policy Research has a Housing Cost Calculator you can play with. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When is it better to rent and when is better buy in a certain property market? ### Answer: The Motley Fool suggested a good rule of thumb in one of their articles that may be able to help you determin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When is it better to rent and when is better buy in a certain property market? ### Answer: The first question is low long will you wish to stray there? It costs of lot in legal changes other changes...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When is it better to rent and when is better buy in a certain property market? ### Answer: No magic answers here. Housing is a market, and the conditions in each local market vary. I think impact on c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What could happen to Detroit Municipal bonds because of Detroit's filing for bankruptcy? ### Answer: What could happen to bonds such as these because of Detroit filing for bankruptcy? Depending on h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What could happen to Detroit Municipal bonds because of Detroit's filing for bankruptcy? ### Answer: Since the bondholders have voted to reject the emergency manager's plan, which would have paid them...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What traditionally happens to bonds when the stock market crashes? ### Answer: The short answer is if you own a representative index of global bonds (say AGG) and global stocks (say ACWI) the bonds wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What traditionally happens to bonds when the stock market crashes? ### Answer: It depends. Very generally when yields go up stocks go down and when yields go down stocks go up (as has been happening ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What traditionally happens to bonds when the stock market crashes? ### Answer: It depends on why the stocks crashed. If this happened because interest rates shot up, bonds will suffer also. On the oth...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any way to know how much new money the US is printing? ### Answer: The Fed doesn't exactly have a specific schedule when they decide to create a new dollar. Instead, they engage in open marke...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any way to know how much new money the US is printing? ### Answer: The Federal Reserve is not the only way that money can be "printed." Every bank does fractional reserve banking, thereby inc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any way to know how much new money the US is printing? ### Answer: This chart summarizes the FED's balance sheet (things the FED has purchased - US treasuries, mortgage backed securities, etc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a general guideline for what percentage of a portfolio should be in gold? ### Answer: I think most financial planners or advisors would allocate zero to a gold-only fund. That's probably the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a general guideline for what percentage of a portfolio should be in gold? ### Answer: It depends on what your goals are, your age, how much debt you have, etc. Assuming -- and we all know wha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a general guideline for what percentage of a portfolio should be in gold? ### Answer: My personal gold/metals target is 5.0% of my retirement portfolio. Right now I'm underweight because of t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a general guideline for what percentage of a portfolio should be in gold? ### Answer: By mentioning GLD, I presume therefore you are referring to the SPRD Gold Exchange Traded Fund that is in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a general guideline for what percentage of a portfolio should be in gold? ### Answer: 10% is way high unless you really dedicate time to managing your investments. Commodities should be a par...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a general guideline for what percentage of a portfolio should be in gold? ### Answer: Gold's valuation is so stratospheric right now that I wonder if negative numbers (as in, you should short...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a general guideline for what percentage of a portfolio should be in gold? ### Answer: The "conventional wisdom" is that you should have about 5% of your portfolio in gold. But that's an AVERA...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the common advice about diversification still hold in times of distress ### Answer: The common advice you mentioned is just a guideline and has little to do with how your portfolio would look lik...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is keeping old credit cards and opening new credit cards with high limits and never using an ideal way to boost credit scores? ### Answer: Problems with your plan (in no particular order) there is a l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is keeping old credit cards and opening new credit cards with high limits and never using an ideal way to boost credit scores? ### Answer: I disagree with the reply. Your both impressions are correc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is keeping old credit cards and opening new credit cards with high limits and never using an ideal way to boost credit scores? ### Answer: Your plan will work to increase your total credit capacity (g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm 20 and starting to build up for my mortgage downpayment, where should I put my money for optimal growth? ### Answer: Good job. Assuming that you are also contributing to retirement, you are bound...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm 20 and starting to build up for my mortgage downpayment, where should I put my money for optimal growth? ### Answer: The big question is whether you will be flexible about when you'll get that hou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm 20 and starting to build up for my mortgage downpayment, where should I put my money for optimal growth? ### Answer: You should never take advice from someone else in relation to a question like t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm 20 and starting to build up for my mortgage downpayment, where should I put my money for optimal growth? ### Answer: The highest growth for an investment has historically been in stocks. Investing...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stock prices of retailers not surge during the holidays? ### Answer: Systemic and well know patterns in sales are priced in to the security. Typically companies with very cyclical earnings lik...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stock prices of retailers not surge during the holidays? ### Answer: The expected holiday sales are "known" or actually guessed at beforehand, and stock prices move in line with these expectati...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stock prices of retailers not surge during the holidays? ### Answer: I think the question can be answered by realizing that whoever is buying the stock is buying it from someone who can do the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stock prices of retailers not surge during the holidays? ### Answer: If you look at S&P 500's closing price for the first trading day on December and January for the last 20 years, you will see...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stock prices of retailers not surge during the holidays? ### Answer: That's a pretty good question for a six-year-old! In addition to the good answers which point out that expectations are pric...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stock prices of retailers not surge during the holidays? ### Answer: Your explanation is nearly perfect and not "hand wavy" at all. Stock prices reflect the collective wisdom of all participati...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stock prices of retailers not surge during the holidays? ### Answer: I used to be in research department for big financial data company. Tell your son that there are three factors: Most peopl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stock prices of retailers not surge during the holidays? ### Answer: Excellent question for a six year old! Actually, a good question for a 20 year old! One explanation is a bit more complicat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do stock prices of retailers not surge during the holidays? ### Answer: While there are lots of really plausible explanations for why the market moves a certain way on a certain day, no one really...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How could the 14th amendment relate to the US gov't debt ceiling crisis? ### Answer: It's a disturbing development -- someone is floating the idea that the executive has the ability to issue debt wit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How could the 14th amendment relate to the US gov't debt ceiling crisis? ### Answer: Section Four of the amendment reads: The validity of the public debt of the United States, authorized by law, incl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have an extra 1000€ per month, what should I do with it? ### Answer: I'm almost in the same situation as you. Here is what I'm doing. Buy ETFs each time you have above 3000€ saved up. I buy these: ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have an extra 1000€ per month, what should I do with it? ### Answer: 1: Low fees means: a Total Expense Ratio of less than 0,5%. One detail you may also want to pay attention to whether the fund rei...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have an extra 1000€ per month, what should I do with it? ### Answer: Lots of good advice on investing already. You may also want to think about two things: A Bausparvertrag. You can set this up for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have an extra 1000€ per month, what should I do with it? ### Answer: Congratulations on getting started in life! John Malloy's (American) research suggests that you should take some time to get used...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have an extra 1000€ per month, what should I do with it? ### Answer: First check: Do you have all the insurances you need? The two insurances everyone should have are: Another insurance you might wa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have an extra 1000€ per month, what should I do with it? ### Answer: What about getting the saving account - "Bausparen" (~100EUR/month) which you can later use for credit to get better mortgage dea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have an extra 1000€ per month, what should I do with it? ### Answer: As many before me said but will say again for the sake of completeness of an answer: First off provision to have an emergency fu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have an extra 1000€ per month, what should I do with it? ### Answer: If I were you, I would save 200 euros for retirement each month and another 800 I would stash away with the hope to start investi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does bank do with “Repaid Principal”? ### Answer: Does it add to their lending reserves or is it utilized in other ways? It depends on how the economy and the bank in particular are doing. To si...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off investment property mortgage ### Answer: I don't think it's all or none. First, 15 year mortgages are sub-3% right now, even for an investment property you'd get under 4%. shop around...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I pay off investment property mortgage ### Answer: I would not recommend using your own money to pay off something that is not a strong asset. Use the savings where it will have the maximum ret...