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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: Anybody that offers a bigger return than a deposit claiming 100% safe is a fraud. There is always a risk: Yes, you can gain 30% in a year, bu...
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: My "bad advice detector" gets tingled by the following: ###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: To evaluate any advice, this lists some of the things to consider: There are good advisors out there. There are also Bernie Madoffs who give t...
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: Any investment advice that is not targeted to your situation should be avoided. ###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: Proverbs 11:14 states: "For lack of guidance a nation falls, but many advisers make victory sure." Asking here is a good start. You'll (hopef...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the pitfall of using the Smith maneuver ### Answer: The catch is that you're doing a form of leveraged investing. In other words, you're gambling on the stock market using money that you've bo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does the stock market index get affected when a terrorist attack takes place? ### Answer: There are more than a few different ways to consider why someone may have a transaction in the stock marke...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does the stock market index get affected when a terrorist attack takes place? ### Answer: While JB King says some useful things, I think there is another fundamental reason why stock markets go do...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: strategy for the out of favour mining sector ### Answer: At this particular time, I would strongly suggest holding on and not bailing. I've been following this sector pretty closely for 10+ years now...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: strategy for the out of favour mining sector ### Answer: I'll take a stab at this question and offer a disclosure: I recently got in RING (5.1), NEM (16.4), ASX:RIO (46.3), and FCX (8.2). While I won...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is inflation inapplicable in a comparison of paying off debt vs investing? ### Answer: Debt is nominal, which means when inflation happens, the value of the money owed goes down. This is great for th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is inflation inapplicable in a comparison of paying off debt vs investing? ### Answer: I'd agree, inflation affects the value of the dollar you measure anything in. So, it makes your debt fade away at...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: UK student loans, early repayment/avoiding further debt ### Answer: I think you're right that from a pure "expected future value" perspective, it makes sense to pay this loan off as quickly as possibl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When to buy and sell bonds ### Answer: Why does selling a bond drive up the yield? The bond will pay back a fixed amount when it comes due. The yield is a comparison of what you pay for the bond and w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When to buy and sell bonds ### Answer: Why does the yield go up if the country is economically unstable? The yield will rise when instability increases because the risk of default increases. If the c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are currency forwards needed? ### Answer: Can't I achieve the exact same effect and outcome by exchanging currency now and put that amount of USD in a bank account to gain some interest, then make...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are currency forwards needed? ### Answer: Suppose you're a European Company, selling say a software product to a US company. As much as you might want the US company to pay you in Euros they might...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are currency forwards needed? ### Answer: e.g. a European company has to pay 1 million USD exactly one year from now While that is theoretically possible, that is not a very common case. Mostly li...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are currency forwards needed? ### Answer: What is the point of this? Can't I achieve the exact same effect and outcome by exchanging currency now and put that amount of USD in a bank account t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why are currency forwards needed? ### Answer: To speak to this a little more broadly: apart from groups like hedge funds and other investors investing for purely speculative purposes, one of the major...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do euro hedged index funds work? ### Answer: When you invest in an S&P500 index fund that is priced in USD, the only major risk you bear is the risk associated with the equity that comprises the i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Cost of Living overstated? ### Answer: New York City is high cost-of-living, and I have absolutely no clue why people live there. It's a tough place, and the taxes are oppressive. People buy a st...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Cost of Living overstated? ### Answer: I do not believe there is a strong correlation between CPI (Consumer Price Index) and housing value appreciation. Take, for example, New York City which has t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Cost of Living overstated? ### Answer: I live in Upstate NY. It's a great, reasonable cost place to live -- provided that you have a job. In NYC, there are probably a few hundred jobs with duties ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Cost of Living overstated? ### Answer: after 30 years, you'd have a million dollar house vs a quarter million dollar house. You've captured three quarters of a million dollars in rent, given my nap...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Cost of Living overstated? ### Answer: I'm not convinced that cost of living is related to ensuring greater appreciation of assets over time, especially over a 30 year window. The importance of reg...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is Cost of Living overstated? ### Answer: You mention: High rent places are usually also high property value places. Given the tax incentives, it seems like a good long term idea to grab a house...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a person protect his savings against a country default? ### Answer: The default of the country will affect the country obligations and what's tied to it. If you have treasury bonds, for exampl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a person protect his savings against a country default? ### Answer: These have the potential to become "end-of-the-world" scenarios, so I'll keep this very clear. If you start to feel that any...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can a person protect his savings against a country default? ### Answer: Since you are going to be experiencing a liquidity crisis that even owning physical gold wouldn't solve, may I suggest bitco...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I invest in the world's strongest currency instead of my home currency? ### Answer: First, currencies are not an investment; they are a medium of exchange; that is, you use currency to buy good...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I invest in the world's strongest currency instead of my home currency? ### Answer: Currency speculation is a very risky investment strategy. But when you are looking for which currency to deno...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I invest in the world's strongest currency instead of my home currency? ### Answer: A currency that is strong right now is one that is expensive for you to buy. The perfect one would be a curre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I invest in the world's strongest currency instead of my home currency? ### Answer: The best thing is to diversify across multiple currencies. USD and EUR seem reliable. But not 100% reliable t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to read a mutual fund spec sheet? ### Answer: The 0.14% is coming out of the assets of the fund itself. The expense ratio can be broken down so that on any given day, a portion of the fund's asset...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to read a mutual fund spec sheet? ### Answer: It says expense ratio of 0.14%. What does it mean? Essentially it means that they will take 0.14% of your money, regardless of the performance. This m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can the Securities Investor Protection Corporation (SIPC) itself go bankrupt? ### Answer: SIPC is a corporation - a legal entity separate from its owners. In the case of SIPC, it is funded through the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can the Securities Investor Protection Corporation (SIPC) itself go bankrupt? ### Answer: Not sure if I follow your question completely. Re: What if some fraud takes place that's too big even for it t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: HSBC Hong Kong's “Deposit Plus” Product: What is it, and what strategies to employ? ### Answer: HSBC, Hang Seng, and other HK banks had a series of special savings account offers when I lived in HK a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: HSBC Hong Kong's “Deposit Plus” Product: What is it, and what strategies to employ? ### Answer: 15-19% gains also includes 15-19% and greater losses. They may not be required to disclose that to you i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: HSBC Hong Kong's “Deposit Plus” Product: What is it, and what strategies to employ? ### Answer: HSBC Hong Kong's “Deposit Plus” Product" the same as "Dual Currency Product" . it's Currency link Sell ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible for me to keep my credit card APR at 0% permanently? ### Answer: If you pay your statement balance in full before the due date you will never pay a cent in interest no matter what your ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible for me to keep my credit card APR at 0% permanently? ### Answer: Banks are in it to make money. But they're expected to provide a social good which powers our economy: secure money stor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible for me to keep my credit card APR at 0% permanently? ### Answer: No. There is no incentive for the card issuer to permanently loan you money for free (Even though they make a small amou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible for me to keep my credit card APR at 0% permanently? ### Answer: Banks don't care that you are responsible cardholder. They care to make money. Interest rates are basically 0% by govern...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible for me to keep my credit card APR at 0% permanently? ### Answer: No. The intro rate is a gambit by the bank - they accept losing money in the short term but expect to gain money in the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Understanding the phrase “afford to lose” better ### Answer: Well.... If you have alllll your money invested, and then there's a financial crisis, and there's a personal crisis at the same time (e.g. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Understanding the phrase “afford to lose” better ### Answer: It's a phrase that has no meaning out of context. When I go to Las Vegas (I don't go, but if I did) I would treat what I took as money I p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Understanding the phrase “afford to lose” better ### Answer: The way I approach "afford to lose", is that you need to sit down and figure out the amount of money you need at different stages of your l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Understanding the phrase “afford to lose” better ### Answer: Keep in mind that it's a cliche statement used as non-controversial filler in articles, not some universal truth. When you were young, did ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Understanding the phrase “afford to lose” better ### Answer: I think that people only use the phrase "only spend what you can afford to lose" when they are talking about the most risky or speculative ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Understanding the phrase “afford to lose” better ### Answer: The advice to "Only invest what you can afford to lose" is good advice. Most people should have several pots of money: Checking to pay your...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Understanding the phrase “afford to lose” better ### Answer: I think it's a silly statement. If you are prepared from the start that you might lose it then you shouldn't invest. You invest to earn not...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First job: Renting vs get my parents to buy me a house ### Answer: Rent. You have no idea whether you will still be in the same part of the country five years from now; you may not even be in the same...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First job: Renting vs get my parents to buy me a house ### Answer: There is a mathematical way to determine the answer, if you know all the variables. (And that's a big if.) For example, suppose you r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First job: Renting vs get my parents to buy me a house ### Answer: Seriously. I can't tell you how many times I hear this scenario: Kid graduates college; kid runs out and signs lease on apartment "b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First job: Renting vs get my parents to buy me a house ### Answer: Say the price is $200K. Would I, as a real estate investor, want to buy such a house? If the rent is $600, that's $7200/yr. "the loca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First job: Renting vs get my parents to buy me a house ### Answer: Having recently been given basically the same question it hinges on a few major factors. What does your apartment provide (e.g. heati...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First job: Renting vs get my parents to buy me a house ### Answer: No one has considered the tax write off at the end of the year? Will the house be in the parent's name or his, and can one of them ta...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First job: Renting vs get my parents to buy me a house ### Answer: Firstly, I'm going to do what you said and analyze your question taking your entire family's finances into account. That means giving...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First job: Renting vs get my parents to buy me a house ### Answer: I would strongly try to influence circumstances so that buying is feasible. That means: Buy something where it is likely that you can...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First job: Renting vs get my parents to buy me a house ### Answer: Personally, I started renting out because I couldn't afford to buy a place but now I'm quite comfortably past that point. My three m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First job: Renting vs get my parents to buy me a house ### Answer: As everyone is saying, this depends on a lot of variables. However... I had my dad help me with the downpayment on my house. In my ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a house, Bank or rent to own? ### Answer: It depends on the deal: and you didn't give any details. That said, there are some things that stand out regardless, and some more specific answers to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a house, Bank or rent to own? ### Answer: 'Rent to own' is not a precise, single agreement. It can be whatever the seller and you agree to. It's a unique seller that would agree to this. Keep i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a house, Bank or rent to own? ### Answer: With no numbers offered, it's not like we can tell you if it's a wise purchase. -- JoeTaxpayer We can, however, talk about the qualitative tradeoffs ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a house, Bank or rent to own? ### Answer: We have realized from our experience that rent to own is a scam. They want your money either way. We are at the buying part, and finding it difficult...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Peer to Peer Lending Small notes Vs Large Notes ### Answer: I started with lending club about a year ago. I love it. It has been insightful. Off topic, but I am in a loan to a guy who make 120K a y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Higher returns from international markets? ### Answer: I went to Morningstar's "Performance" page for FUSEX (Fideltiy's S&P 500 index fund) and used the "compare" tool to compare it with FOSFX and FWW...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Higher returns from international markets? ### Answer: Tricky question, basically, you just want to first spread risk around, and then seek abnormal returns after you understand what portions of your ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Higher returns from international markets? ### Answer: Here's the 2009-2014 return of the S&P 500 (SPY) vs. Vanguard FTSE ex-US (VEU) (higher returns bolded) Another argument for them is their low cor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Higher returns from international markets? ### Answer: Foreign stocks tend to be more volatile -- higher risk trades off against higher return potential, always. The better reason for having some mone...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any experience with maxing out 401(k)? ### Answer: The biggest challenge as a young person maxing out a 401k in my opinion is the challenge of saving for a house, and (if necessary) paying off student...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any experience with maxing out 401(k)? ### Answer: You want to take the hit now. There are tons of calculators out there, but the rule of 70 should be enough to help convince you: Assume you can put...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any experience with maxing out 401(k)? ### Answer: I moved from contributing 10% to maxing as my salary rose over the course of three years after graduation. Because of my raises, my monthly take hom...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any experience with maxing out 401(k)? ### Answer: On #1: One way to make it less painful is to "split" your raises between yourself and your 401k. That is, if you get a 2% raise, increase your contri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any experience with maxing out 401(k)? ### Answer: I second CrimsonX's advice to max out Roth then 401k. At your age in what sounds like a similar situation I did the same thing -- thankfully. It's ea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any experience with maxing out 401(k)? ### Answer: Everybody else has given great answers on what to do, but I just want to add some encouragement. Keep saving. Learn to live within your means while ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any experience with maxing out 401(k)? ### Answer: To answer the first part of your question: yes, I've done that! I did even a bit more. I once had a job that I wasn't sure I'd keep and the economy...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any experience with maxing out 401(k)? ### Answer: The answers so far are excellent. I need to respond to your 8-9% withdrawal rate. Uh, wherever you heard that, I'd suggest you listen/read elsewhere....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any experience with maxing out 401(k)? ### Answer: Yes, I have done this and did not feel a change in cash flow - but I didn't do it a the age of 23. I did it at a time when it was comfortable to do ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any experience with maxing out 401(k)? ### Answer: Don't forget to also build up an emergency fund - retirement saving is important, but you don't want to be caught in a situation where you need money...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much money should I lock up in my savings account? ### Answer: Firstly well done on building a really sold base of savings. An emergency fund needs to have two key characteristics: Be enough to ge...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much money should I lock up in my savings account? ### Answer: One issue which I don't see addressed in the answers so far is how to structure bank accounts to get the highest return possible. Wha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much money should I lock up in my savings account? ### Answer: No, don't bother. You need to decide what you are saving for, and how much risk you are prepared to take. It would make sense if you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much money should I lock up in my savings account? ### Answer: Lets imagine two scenarios: 1) You make 10.4k (40% of total income) yearly contributions to a savings account that earns 1% interest ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much money should I lock up in my savings account? ### Answer: Edited answer, given that I didn't address the emergency fund aspect originally: None. You've said you don't feel comfortable locking...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What forces cause a company to write down goodwill? ### Answer: To understand the answer we first have to understand what Goodwill is. Goodwill in a companies balance sheet is an intangible asset that...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any drawback in putting all my 401K into a money market fund? ### Answer: What you're describing is called timing the market. That is, if you correctly predict when the market will drop, you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any drawback in putting all my 401K into a money market fund? ### Answer: The drawback is not knowing when prices have reached a level where you are comfortable getting back in. Someone who...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any drawback in putting all my 401K into a money market fund? ### Answer: (After seeing your most recent comment on the original question, it looks like others have answered the question you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there any drawback in putting all my 401K into a money market fund? ### Answer: Yes. There are huge disadvantages to saving money in a money market account. Money market account can be a good plac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do large market players using HFT make it unsafe for individual investors to be in the stock market? ### Answer: There's a lot of hype about HFT. It involves computers doing things that people don't r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do large market players using HFT make it unsafe for individual investors to be in the stock market? ### Answer: I don't think that HFT is a game-changer for retail investors. It does mean that amateu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do large market players using HFT make it unsafe for individual investors to be in the stock market? ### Answer: Obviously there are good answers about the alternatives to the stock market in the refe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do large market players using HFT make it unsafe for individual investors to be in the stock market? ### Answer: In some senses, any answer to this question is going to be opinion based - nobody outsi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Formula to determine readiness to retire based on age, networth and annual expense ### Answer: The standard interpretation of "can I afford to retire" is "can I live on just the income from my savings...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a fixed-price natural gas or electricity contract likely to save money? ### Answer: In my area, the fixed prices are based on an average. My gas company will look at my previous months (six months ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a fixed-price natural gas or electricity contract likely to save money? ### Answer: I can only speak to natural gas but I imagine the answer for electricity is the same. In general, yes, it is bett...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a fixed-price natural gas or electricity contract likely to save money? ### Answer: I have some numbers to share that may help. I've been tracking my home's natural gas consumption in a spreadshee...