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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy a house or am I making silly assumptions that I can afford it? ### Answer: The rules of thumb are there for a reason. In this case, they reflect good banking and common sense by the buyer...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy a house or am I making silly assumptions that I can afford it? ### Answer: Having convinced myself that there is no point of paying someone's else mortgage Somewhat rhetorical this many...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy a house or am I making silly assumptions that I can afford it? ### Answer: A common rule of thumb is the 28/36 ratio. It's described here. In your case, with a gross (?) salary of £50,000...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy a house or am I making silly assumptions that I can afford it? ### Answer: When I bought my own place, mortgage lenders worked on 3 x salary basis. Admittedly that was joint salary - eg ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a subsidy? ### Answer: Subsidy usually means gratuitous financial support. For example, if for whatever reason you live much below the living average paying utility services in full might be t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a subsidy? ### Answer: subsidy - financial support. For example subsidized housing - when the government pays a part of your rent (usually for low income families). or subsidized student loan ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a subsidy? ### Answer: It means a government giving out money to encourage a particular product (or service) to be bought or sold. Some people will use the word more loosely to refer to any fi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a subsidy? ### Answer: A subsidy is a payment made by a group (usually the state) to individuals or corporations in order to shift the balance if the rational economic decision for the individ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment Newbie - Options in India - For $10K - for 10 years ### Answer: I would suggest you to put your money in an FD for a year, and as soon as you get paid the interest, start investing that int...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Who sets the prices on government bonds? ### Answer: Who sets the prices? Effectively the market does, like basically all openly traded things. The Greek government could well have said "5% is as high...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does quantitative easing 2 mean for my bank account? ### Answer: QE2 will mean that there are about $500 billion dollars in existence which weren't there before. These dollars will all be competi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does quantitative easing 2 mean for my bank account? ### Answer: IMO, QE2 will likely have no perceptible impact in the near term. Keeping all of your savings in a bank guarantees that you will l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does quantitative easing 2 mean for my bank account? ### Answer: Probably means next to zero chance of having decent rates on savings accounts for the near future - who needs your money if banks ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best credit card for someone with no credit history ### Answer: If you've never had a credit card before a likely reason can be due to lack of credit history. You can apply for a departmen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best credit card for someone with no credit history ### Answer: You have what is called in the biz a "thin file". Check with a Credit Union. They will get you a secured card or maybe a s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best credit card for someone with no credit history ### Answer: You have a lack of credit history. Lending is still tight since the recession and companies aren't as willing to take a gam...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best credit card for someone with no credit history ### Answer: Capital One's normal master card is known to approve people with limited or bad credit history. If not that look into a secu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best credit card for someone with no credit history ### Answer: Consider getting yourself a gas card. Use it for a year. Make your payments on time. Then reapply for a credit card. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are “random” deposits bad? ### Answer: Random deposits are a bit like playing the lotery - especially if one is frequently chasing "hot tips". You might make it big, but the odds are vastly again...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I always hold short term bonds till maturity? ### Answer: Risk is reduced but isn't zero The default risk is still there, the issuer can go bankrupt, and you can still loose all or some of your...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth trying to find a better minimum down payment for a first time home buyer? ### Answer: It's worthwhile to try and find a better minimum down-payment. When I bought my home, I got an FHA lo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth trying to find a better minimum down payment for a first time home buyer? ### Answer: If you are putting down less than 20% expect to need to pay PMI. When you first applied they should h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth trying to find a better minimum down payment for a first time home buyer? ### Answer: When I first purchased my home six years ago, I was able to get into a Bank of America First Time Home...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: classify investments in to different asset types ### Answer: REITs can be classified as equity, mortgage, or hybrid. A security that sells like a stock on the major exchanges and invests in real estat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: classify investments in to different asset types ### Answer: A foreign stock mutual fund definitely belongs in stocks. It's composed of stocks. Your self occupied house is definitely real estate. You...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Portfolio Diversity : invest $4000 into one account or $1000 into 4 accounts? ### Answer: You spread money/investment across different accounts for different reasons: All this is in addition to divers...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the big deal about the chinese remnibi trading hub that opened in toronto ### Answer: Chinese suppliers can quote their price in CNY rather than USD (as has been typical), and thus avoid the e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How frequently should I request additional credit? ### Answer: I don't know of a guideline to how often you can ask for an increase. You can ask as often as you like. As for consequences, refer to Is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How frequently should I request additional credit? ### Answer: I do this all the time, my credit rating over time plotted on a graph looks like saw blades going upward on a slope I use a credit alert ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best way to stay risk neutral when buying a house with a mortgage? ### Answer: To avoid risk from rising interest rates, get a fixed rate mortgage. For the life of the mortgage your princi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best way to stay risk neutral when buying a house with a mortgage? ### Answer: How can one offset exposure created by real-estate purchase? provides a similar discussion. Even if such a pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best way to stay risk neutral when buying a house with a mortgage? ### Answer: Note: I am making a USA-assumption here; keep in mind this answer doesn't necessarily apply to all countries ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best way to stay risk neutral when buying a house with a mortgage? ### Answer: It is pretty simple to avoid risk in home ownership: Do those things and your risk of home ownership is about...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best way to stay risk neutral when buying a house with a mortgage? ### Answer: You can hedge your house price from losing value if you believe that the housing market is correlated with ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Relation between interest rates and currency for a nation ### Answer: What you are asking about is called Interest Rate Parity. Or for a longer explanation the article Interest Rate Parity at Wikipedi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Relation between interest rates and currency for a nation ### Answer: From Indian context, there are a number of factors that are influencing the economic condition and the exchange rate, interest rat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are Australian mutual fund fees large compared to US? ### Answer: This is a Vanguard-specific difference in the sense that in the US, Vanguard is a leader in lowering management fees for the mutual fu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to donate to charity that will make a difference? ### Answer: OP wants to do something very honourable, applause for that. Being a Greek I have insider knowledge about the impact of various organi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to donate to charity that will make a difference? ### Answer: I can't say specifically about charities to help Greece. If someone on here has specific knowledge, please chime in. The only shortcut...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to donate to charity that will make a difference? ### Answer: In the. US, i'd suggest hitting the Charity Navigator website for evaluation of how efficiently various charities will use your money....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Opportunity to buy Illinois bonds that can never default? ### Answer: Can't declare bankruptcy isn't the same as "can't default". Bankruptcy is a specific legal process for discharging or restructuri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Opportunity to buy Illinois bonds that can never default? ### Answer: If Illinois cannot go bankruptcy This is missing a few, very important words, "...under current law." The United States changed ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Opportunity to buy Illinois bonds that can never default? ### Answer: If you give money to a person or entity, and they don't have the ability to pay you back, it doesn't matter if they are legally re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Opportunity to buy Illinois bonds that can never default? ### Answer: Sovereign immunity is the state's ultimate "get out of bankruptcy free" card. After all, the state has a hand in defining what ba...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How foreign cash is beneficial for a country? ### Answer: Let me ask you another question: if that person stayed at home and made a widget instead, would exporting that widget benefit his home countr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How will Brexit affect house mortgages? ### Answer: Only you can decide whether it's wise or not given your own personal circumstances. Brexit is certainly a big risk, and noone can really know what w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How will Brexit affect house mortgages? ### Answer: Nobody can predict the affects of Brexit but it is wise to consider them. We saw the pound weaken after the vote to leave and it is possible the pou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to quantify differences in return with low expense ratio vs high expense ratio mutual funds? ### Answer: Yes you should take in the expenses being incurred by the mutual fund. This lists down the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How would bonds fare if interest rates rose? ### Answer: 1. Interest rates What you should know is that the longer the "term" of a bond fund, the more it will be affected by interest rates. So a short...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How would bonds fare if interest rates rose? ### Answer: When interest rates rise, the price of bonds fall because bonds have a fixed coupon rate, and since the interest rate has risen, the bond's rat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much does taking a Microeconomics course help you understand the field of investing? ### Answer: Not much at all, especially an introductory level Microeconomics class. There are a few reasons for...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I don't understand all this techincal jargon ### Answer: Note: While I think the above is a reasonable interpretation, I'm not about to take legal responsibility for it since I'm not a lawyer, if you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy a house because Mortgage rates are low ### Answer: The simple answer is that you are correct. You should not purchase a house until you are financially stable enough to do so. A house is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy a house because Mortgage rates are low ### Answer: There is a significant tie between housing prices and mortgage rates. As such, don't assume low mortgage rates mean you will be financi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy a house because Mortgage rates are low ### Answer: How can people afford 10% mortgage? Part of the history of housing prices was the non-bubble component of the bubble. To be clear, there...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy a house because Mortgage rates are low ### Answer: As of now in 2016, is is safe to assume that mortgage rates would/should not get back to 10%? What would the rates be in future is specu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I buy a house because Mortgage rates are low ### Answer: Reasons for no: In your first sentence you say something interesting: rates low - prices high. Actually those 2 are reversely correlat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying tax for freelance work while travelling ### Answer: Having freelanced myself in South America I could give you a sound advice BUT you would first need to answer some questions. 1) How long do ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is not paying off mortgage better in normal circumstances? ### Answer: The reason is that although the American economy is functioning normally, mortgage rates are stupid-low, and are below a prud...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is not paying off mortgage better in normal circumstances? ### Answer: Lets do the math, using your numbers. We start off with $100K, a desire to buy a house and invest, and 30 years to do it. Sc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is not paying off mortgage better in normal circumstances? ### Answer: There are several reasons: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is not paying off mortgage better in normal circumstances? ### Answer: In some respects the analysis for this question is similar to comparing a "safe" return on a government bond vs. holding the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is not paying off mortgage better in normal circumstances? ### Answer: One way of looking at it is that your equity in your house is an investment in a particular class of asset, and investing fur...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is not paying off mortgage better in normal circumstances? ### Answer: Certainly there are people who do pay off their homes. Others do not. It's a question of risk tolerance and preference. So...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Teaching school kids about money - what are the real life examples of math, budgeting, finance? ### Answer: I am a numbers guy, the math is great. Instead of "jane was twice her son's age when he marr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Teaching school kids about money - what are the real life examples of math, budgeting, finance? ### Answer: If these are children that may be employed, in a few years, it may well be worth walking the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Teaching school kids about money - what are the real life examples of math, budgeting, finance? ### Answer: My education on this topic at this age range was a little more free-form. We were given a we...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Has the likelihood of getting a lower interest rate by calling & asking been reduced by recent credit card regulations? ### Answer: I don't know that this can actually be answered objectively. Maybe ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a country that uses the term “dollar” for currency without also using “cents” as fractional monetary units? ### Answer: Going through the list of economies that currently use the dollar, all ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a country that uses the term “dollar” for currency without also using “cents” as fractional monetary units? ### Answer: Wikipedia has a nice list of currencies that use "cents" and currencies...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are real estate prices memory-less? ### Answer: For various reasons, real estate prices exhibit far more memory than stock prices. The primary reason for this is that real estate is much less liquid....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are real estate prices memory-less? ### Answer: No, at least not with specific houses. When I bought my current house, our realtor looked at the previous selling price of this house, along with the pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are real estate prices memory-less? ### Answer: Housing prices are set by different criteria. It can become memoryless the same as the stock if the criteria used to set its price in the past is no lon...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are real estate prices memory-less? ### Answer: I would argue no. It's easy to correlate home prices based on size, neighborhood, school district, condition and other factors, such as property taxes. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the rationale behind stock markets retreating due to S&P having a negative outlook on the USA? ### Answer: Many of the major indices retreated today because of this news. Why? How do the r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the rationale behind stock markets retreating due to S&P having a negative outlook on the USA? ### Answer: Many of the major indices retreated today because of this news. Why? How do the r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the rationale behind stock markets retreating due to S&P having a negative outlook on the USA? ### Answer: When people (even people in the media) say: "The stock market is up because of X" or ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the rationale behind stock markets retreating due to S&P having a negative outlook on the USA? ### Answer: If you spoke in front of a group of people in 2001 about the possibility of be lowere...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the rationale behind stock markets retreating due to S&P having a negative outlook on the USA? ### Answer: I think a big part of the issue is ignorance. For instance, the US govt cannot defaul...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As an investor or speculator, how might one respond to QE3 taper? ### Answer: Any answer for what to do in a taper will assume ceteris paribus because how markets initially react when they suspect a t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As an investor or speculator, how might one respond to QE3 taper? ### Answer: As I tell all my clients... remember WHY you are investing in the first. Make a plan and stick to it. Find a strategy and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a stay at home mom need term life insurance? ### Answer: The way to think about this is: what would happen to the family if stay-at-home Mom were to die. You obviously can't do anything about the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a stay at home mom need term life insurance? ### Answer: Absolutely! Just because a spouse doesn't have a taxable income, doesn't mean they aren't providing real, tangible benefit to the family ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a stay at home mom need term life insurance? ### Answer: We asked the same question earlier this year as my wife is a SAHM with 2 young boys (5 and under). If something happened to her I'd have t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does a stay at home mom need term life insurance? ### Answer: Another source of insurance can be through the working spouses employment. Some companies do provide free or low cost coverage for spouses...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Clarification of Inflation according to Forbes ### Answer: I think you're missing Simon Moore's point. His point is that, due to low inflation, the returns on almost all asset classes should be less t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Clarification of Inflation according to Forbes ### Answer: Inflation can be a misleading indicator. Partly because it is not measured as a function of the change in prices of everything in the economy...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a foreclosed property ### Answer: Usually... I think that's overstating the case. You CAN get a bargain (especially if the place is in not-so-great condition), but not every foreclosure will b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a foreclosed property ### Answer: No, it is not true. It depends on the market, the banks' inventory, the original debt that was owed, etc etc. The banks generally want to recover their money, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a foreclosed property ### Answer: That may depend largely in which country you are in, the legislation in that country and the state of the economy and property market (more specifically) at th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a foreclosed property ### Answer: Like most other things, this is "sometimes," but not always true. Sometimes banks will be willing to sell at a discount, sometimes they will hold out for "full...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Optimal Asset Allocation ### Answer: Generally a diversified portfolio will give you a better overall return --a couple of factors that may address what you are looking at - 1) Correlation - The corre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Optimal Asset Allocation ### Answer: There are some good answers about the benefits of diversification, but I'm going to go into what is going on mathematically with what you are attempting. I was alw...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Optimal Asset Allocation ### Answer: There are a couple of reasons to diversify your assets. First, since we cannot predict which of our investments will perform best, we want to "cast our net" broadl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Optimal Asset Allocation ### Answer: When you have multiple assets available and a risk-free asset (cash or borrowing) you will always end up blending them if you have a reasonable objective function....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to take advantage of record high household debt in Canada? ### Answer: Some ideas: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is investing exlusively in a small-cap index fund a wise investment? ### Answer: In a word, no. Diversification is the first rule of investing. Your plan has poor diversification because it ignores m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is investing exlusively in a small-cap index fund a wise investment? ### Answer: Stock portfolios have diversifiable risk and undiversifiable risk. The market rewards investors for taking undiversifi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is investing exlusively in a small-cap index fund a wise investment? ### Answer: If the OP is saving 33% if his/her current income, he/she doesn't want or need yet more income from investments right n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What to ask Warren Buffet at the Berkshire Hathaway shareholder meeting? ### Answer: For whatever it's worth, when I went to the meeting a couple of years ago, the question and answer segment is most...