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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: I would be curious how he balanced having two female life partners at once. Not sure I would ask that at the share...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the economic benefits of owning a home in the United States? ### Answer: Is all interest on a first time home deductible on taxes? What does that even mean? If I pay $14,000 in taxes will M...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the economic benefits of owning a home in the United States? ### Answer: Altough this may vary a lot depending on where you live and your actual finance, here what convinced me buying a home ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the economic benefits of owning a home in the United States? ### Answer: To add to what other have stated, I recently just decided to purchase a home over renting some more, and I'll throw in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the economic benefits of owning a home in the United States? ### Answer: @Alex B already answered the first question. I want to respond to the second and third: I have heard the term "The equ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the economic benefits of owning a home in the United States? ### Answer: It is almost a sure thing that the housing market will crash again hugely.For this reason I prefer to own several hous...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For a mortgage down-payment, what percentage is sensible? ### Answer: The typical down-payment was expected to be 20%. The idea being that if one could not save 1/5 of the cost of a house, they were ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For a mortgage down-payment, what percentage is sensible? ### Answer: In Australia, you will typically be required to pay for mortgage insurance if you borrow more than 80% of the value of the propert...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For a mortgage down-payment, what percentage is sensible? ### Answer: A bigger down payment is good, because it insulates you from the swings in the real estate market. If you get FHA loan with 3% do...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For a mortgage down-payment, what percentage is sensible? ### Answer: Well hindsight tells us now that by and large, doing 100% borrowing was not the best policy we could have taken. It gets nitpicky...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For a mortgage down-payment, what percentage is sensible? ### Answer: I think anything from 10% on demonstrates a reasonable ability to save. I would consider ongoing debt level a better indicator th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For a mortgage down-payment, what percentage is sensible? ### Answer: I am currently in the process of purchasing a house. I am only putting 5% down. I see that some are saying that the traditional 20...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Events that cause major movement in forex? ### Answer: Anything related to the central bank will have a large impact, as they are the ones who determine interest rates, and interest rates have a big e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Events that cause major movement in forex? ### Answer: It's impossible to determine which event will cause a major shift for a certain currency pair. However, this does not mean that it's not possible...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Events that cause major movement in forex? ### Answer: Trading Speeches can be difficult, 1 comment can be bullish then next phrase bearish. However language algorithms can process the tone of the ent...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Events that cause major movement in forex? ### Answer: Look for unsustainable policies and actions by policy makers, both before and possibly during, when looking at the ForEx markets. Consider some ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Events that cause major movement in forex? ### Answer: Sometimes the market has to be left alone. Too much interference of the policy makers to stabilize the falling market can actually result in a ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Events that cause major movement in forex? ### Answer: currency's central bank or treasury/finance department speeches that can announce a significant change in policy. That includes: Particularly wh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: what is the best way of investment which gives returns forever? ### Answer: What is the best way that I can invest money so that I can always get returns? Would it be to set up an FD in a bank, to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: what is the best way of investment which gives returns forever? ### Answer: What is the best way that I can invest money so that I can always get returns? If you want something that doesn't require...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Effect of country default on house prices? ### Answer: It could be a a way to preserve the value of your money, but depends upon various factors. If a country defaults, and it leads to hyper-inflation...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Effect of country default on house prices? ### Answer: Some of the factors that will act on house prices are: There will likely be a recession in that country, which will lower incomes and probably lo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why was S&P 500 PE Ratio so high on May 2009 ### Answer: Asking why the p/e was so high is best answered "because reported earnings were so low". Recall that the S&P500 bottomed in early March 2009 wh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are frontier markets? Is investing in them a good idea? ### Answer: From Wikipedia A frontier market is a type of developing country which is more developed than the least developing countries, b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: GBP savings, what to do with them if leaving the U.K. in about 2 years time? ### Answer: In general, to someone in a similar circumstance I might suggest that the lowest-risk option is to immediately ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: GBP savings, what to do with them if leaving the U.K. in about 2 years time? ### Answer: Key point here is to remember that GBP isnt falling a lot, it has fallen a lot already. If you havent liquidat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Salary equivalency: London vs Berlin ### Answer: Coming to London at this point of time is not a wise decision, not that I mean to discourage you. The job market is quite competitive because loads of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Salary equivalency: London vs Berlin ### Answer: Germany is substantially cheaper than the London . You would need at least double your current income to maintain the same lifestyle in London. Even t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What intrinsic, non-monetary value does gold have as a commodity? ### Answer: The answer is that other than a small number of applications (the approx. 10% of gold production that goes to 'industrial ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What intrinsic, non-monetary value does gold have as a commodity? ### Answer: Borrowing Wikipedia for a bit, it seems like the intrinsic uses are these. I've ordered these approximately in technology-...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What intrinsic, non-monetary value does gold have as a commodity? ### Answer: This site shows a list of (mostly) industrial uses of gold: http://geology.com/minerals/gold/uses-of-gold.shtml If you ig...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What intrinsic, non-monetary value does gold have as a commodity? ### Answer: Extrinsic value is not a factor with respect to gold. Intrinsic value by definition is the natural value of a commodity s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What intrinsic, non-monetary value does gold have as a commodity? ### Answer: Gold has no "intrinsic" value. None whatsoever. This is because "value" is a subjective term. "Intrinsic value" makes jus...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What intrinsic, non-monetary value does gold have as a commodity? ### Answer: This was answered wonderfully in a recent Planet Money podcast: Why Gold?. Here are some higlights of gold: If listening...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth buying real estate just to safely invest money? ### Answer: The main point to consider is that your payments toward your own home replace your rent. Any house or apartment you buy will hav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth buying real estate just to safely invest money? ### Answer: House prices do not go up. Land prices in countries with growing economies tend to go up. The price of the house on the land g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth buying real estate just to safely invest money? ### Answer: People in the United States in the mid-2000's thought that real estate was safe. Then they discovered that when the bubble burs...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth buying real estate just to safely invest money? ### Answer: There are two parts to this. Firstly, if you are also living in the property you have bought, then you should not consider it to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth buying real estate just to safely invest money? ### Answer: You are mixing issues here. And it's tough for members to answer without more detail, the current mortgage rate in your country,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth buying real estate just to safely invest money? ### Answer: Neither you nor others have mentioned the costs of being a homeowner. First, there are monetary costs. If you own a house, you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth buying real estate just to safely invest money? ### Answer: Investment is very uncertain, so I believe that unless you have loads of money, you should not play around with houses for the s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth buying real estate just to safely invest money? ### Answer: Consider looking into real estate investment trusts (REITs). Assuming that they are available for the area that you are consider...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it worth buying real estate just to safely invest money? ### Answer: No one has addressed the fact that your loan interest and property taxes are "deductible" on your taxes? So, for the first 2/3 ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does a well diversified self-managed investment portfolio look like? ### Answer: Diversified is relative. Alfred has all his money in Apple. He's done very well over the last 10 years, but I thi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does a well diversified self-managed investment portfolio look like? ### Answer: When you invest in a single index/security, you are completely exposed to the risk of that security. Diversificati...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does a well diversified self-managed investment portfolio look like? ### Answer: Diversification is spreading your investments around so that one point of risk doesn't sink your whole portfolio. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does a well diversified self-managed investment portfolio look like? ### Answer: I would like to first point out that there is nothing special about a self-managed investment portfolio as compare...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When the Reserve Bank determines the interest rates, do they take the house prices into account? ### Answer: The Central Banks sets various rate for lending to Banks and Paying interest to Banks on ex...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When the Reserve Bank determines the interest rates, do they take the house prices into account? ### Answer: The setting of interest rates (or "repurchase rates") varies from country to country, as we...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When the Reserve Bank determines the interest rates, do they take the house prices into account? ### Answer: I'm not intimately familiar with the situation in Australia, but in the US the powers that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are the administrative fees for the three biggest donor-advised funds identical? ### Answer: The commenters who referred you to the prisoner's dilemma are exactly correct, but I wanted to give a m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with my $25k to invest as a 20 years old? ### Answer: My original plan was to wait for the next economic downturn and invest in index funds. These funds have historically yielded 6-...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with my $25k to invest as a 20 years old? ### Answer: I don't like your strategy. Don't wait. Open an investment account today with a low cost providers and put those funds into a l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with my $25k to invest as a 20 years old? ### Answer: Waiting for the next economic downturn probably isn't the best plan at this point. While it could happen tomorrow, you may end up...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with my $25k to invest as a 20 years old? ### Answer: Investing is really about learning your own comfort level. You will make money and lose money. You will make mistakes but you wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What should I do with my $25k to invest as a 20 years old? ### Answer: I recommend a Roth IRA. At your age you could turn 25K into a million and never pay taxes on these earnings. Of course there are ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strategic countermeasures to overcome crisis in Russia ### Answer: You could of course request payment in EUR or USD, maybe keep a PayPal account and just leave the funds in PayPal unless you need to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strategic countermeasures to overcome crisis in Russia ### Answer: If you have significant assets, such as a large deposit, then diversification of risks such as currency risk is good practice - there...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strategic countermeasures to overcome crisis in Russia ### Answer: You could do nothing for a while longer. Foreign exchange simply means your services are cheaper and imports and more expensive, loca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strategic countermeasures to overcome crisis in Russia ### Answer: The ruble was, is and will be very unstable because of unstable political situation in Russia and the economy strongly dependent of t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strategic countermeasures to overcome crisis in Russia ### Answer: Bitcoins are very liquid. They can be sold or spent very easily. And you don't depend on the banks being solvent to keep your Bitco...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I allocate short-term assets in a rising-interest rate environment? ### Answer: How should I allocate short-term assets in a rising-interest rate environment? Assuming that the last part ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do some people say a house “not an investment”? ### Answer: The below assessment is for primary residences as opposed to income properties. The truth is that with the exception of a housing bubble...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do some people say a house “not an investment”? ### Answer: When I purchased my house I struggled with this same idea. I felt sick to my stomach signing a contract stating how much money I now ow...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do some people say a house “not an investment”? ### Answer: With an investment, you tend to buy it for a very specific purpose, namely to make you some money. Either via appreciation (ie, it hopef...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do some people say a house “not an investment”? ### Answer: A house is a funny kind of investment. Normally when you invest, you do it to make money. The return on a house, though, isn't principal...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do some people say a house “not an investment”? ### Answer: Your house is not an asset, it is a liability. Assets feed you. Liabilites eat you. Robert Kiyosaki From a cash flow perspective your pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do some people say a house “not an investment”? ### Answer: I think the claim is that you shouldn't buy a house expecting it to increase in value as you would a stock portfolio. OTOH if you are lo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do some people say a house “not an investment”? ### Answer: One reason I have heard (beside to keep you paying rent) is the cost of maintenance and improvements. If you hire someone else to do al...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do some people say a house “not an investment”? ### Answer: You're hearing alot of talk about housing (and by implication property) not being an investment today because on the downside of a marke...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do some people say a house “not an investment”? ### Answer: I invested in single family homes and made ok. Houses can be an investment. (though the OP seems to equate "house" with primary residen...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do some people say a house “not an investment”? ### Answer: There's an old saying: "Never invest in anything that eats or needs maintenance." This doesn't mean that a house or a racehorse or priv...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Latest China devaluation (24/08/2015) and the affect on house prices in UK ### Answer: No. There is no indication that the recent decline will have an impact on the house market in the UK. The reason(...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Thinking of doing an MBA: Is an $80K top MBA school better than a $24K online MBA school? ### Answer: If you can get into the top school, it's a no-brainer to go that route. An MBA at a top school wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Thinking of doing an MBA: Is an $80K top MBA school better than a $24K online MBA school? ### Answer: I met two MBA graduates from Harvard - both made VPs at large Canadian companies (i.e. $1B or grea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: High Leverage Inflation Hedges for Personal Investors ### Answer: $10k isn't really enough to make enough money to offset the extremely high risks in investing in options in this area. Taking risks is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: High Leverage Inflation Hedges for Personal Investors ### Answer: Look into commodities futures & options. Unfortunately, they are not trivial instruments. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: High Leverage Inflation Hedges for Personal Investors ### Answer: I assume you're looking for advice, not an actual guaranteed-to-appreciate answer, yes? If you believe Treasury bonds will increase as...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Saving $1,000+ per month…what should I do with it? ### Answer: If you can get a rate of savings that is higher than your debt, you save. If you can't then you pay off your debt. That makes the most ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Saving $1,000+ per month…what should I do with it? ### Answer: Daniel, first of all, I'm jealous of your predicament. That said, I think you've gotten some good advice already, so I won't repeat what...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Saving $1,000+ per month…what should I do with it? ### Answer: I like the other answers. But, here's one thing that concerns me that hasn't specifically been addressed yet: You mentioned your student...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Saving $1,000+ per month…what should I do with it? ### Answer: In your situation I suggest: In terms of what to spend it on, one tax preparer I knew said he would ask his wealthy clients (ones with re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Saving $1,000+ per month…what should I do with it? ### Answer: Excellent responses so far. Because I am a math guy, I wanted to stress the power of compounding. It's great that you are thinking about...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Saving $1,000+ per month…what should I do with it? ### Answer: Since you already have an emergency fund in place, focus your extra funds on paying off debts like student loans. While some have advised...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I save money if the real interest rate (after inflation) is negative? ### Answer: Inflation protected securities (i-bonds or TIPS). TIPS stands for Treasury Inflation Protected Securities...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I save money if the real interest rate (after inflation) is negative? ### Answer: (Real) interest rates are so low because governments want people to use their money to improve the economy ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is being “upside down” on a mortgage so bad? ### Answer: I can think of a few reasons why they seem like a bigger deal to people than similar situations with other loans. As you point out, though,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is being “upside down” on a mortgage so bad? ### Answer: The problem comes when the borrower cannot afford his home. If a borrower buys more home than they can afford, as long as he can sell the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is being “upside down” on a mortgage so bad? ### Answer: Here's a real-life example of why being underwater can be a tad annoying: Your options are: You must choose one. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is being “upside down” on a mortgage so bad? ### Answer: tl;dr: when everything is going great, it's not really a problem. It's when things change that it's a problem. Finally, home loans are exte...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is being “upside down” on a mortgage so bad? ### Answer: For most people "home ownership" is a long term lifestyle strategy (i.e. the intention is to own a home for several decades, regardless of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is being “upside down” on a mortgage so bad? ### Answer: The largest problem and source of anxiety / ruin for homeowners during the housing market collapse was caused by the inability to refinance...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is being “upside down” on a mortgage so bad? ### Answer: Sample Numbers: Owe $100k on house. House (after 'crash') valued at: $50K. Reason for consternation: What rational person pays $100k for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is being “upside down” on a mortgage so bad? ### Answer: Being underwater a little is not all that scary, but those who talk of being underwater are typically underwater by quite a lot. The amoun...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is being “upside down” on a mortgage so bad? ### Answer: And then there is the issue of people who actually don't intend to reduce the size of their loan. They only want to pay the interest, so th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is being “upside down” on a mortgage so bad? ### Answer: I think part of why it is perceived is so bad is because the fluctuations in housing prices are relatively large, especially compared to th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the marks of poor investment advice? ### Answer: I would also consider unnecessarily complex investment strategies a big warning sign as they can easily hide poor investment advice or a bad s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the marks of poor investment advice? ### Answer: (1) I think the phrase "Variable Annuity" is a glowing red flag. A corollary to that is that any strategy that uses insurance for a purpose (e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the marks of poor investment advice? ### Answer: Bad signs: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What are the marks of poor investment advice? ### Answer: If you see something that looks like a sales pitch, be skeptical, even if they sound informed, say things which resonate with your concerns an...