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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: help with how a loan repayment is calculated ### Answer: In this case, it looks like the interest is simply the nominal daily interest rate times number of days in the period. From that you can use a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Effective Interest Rate from bifurcated interest rate ### Answer: If the APR is an effective rate. If the APR is a nominal rate compounded monthly, first convert it to an effective rate. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much should a graduate student attempt to save? ### Answer: While I haven't experienced being "grad student poor" myself (I went to grad school at night and worked full-time), I would shoot for 10...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much should a graduate student attempt to save? ### Answer: First, don't save anything in a tax sheltered vehicle. You will be paying so little tax that there will be essentially no benefit to mak...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When to hire an investment professional? ### Answer: I don't know what you mean by 'major'. Do you mean the fund company is a Fidelity or Vanguard, or that the fund is broad, as in an s&P fund? The p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When to hire an investment professional? ### Answer: Don't invest in regular mutual funds. They are a rip-off. And, most investment professionals will not do much to help your financial future. Here's...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When to hire an investment professional? ### Answer: Lifecycle funds might be a suitable fit for you. Lifecycle funds (aka "target date funds") are a mutual fund that invests your money in other mutua...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do annual risks translate into long-term risks? ### Answer: The short answer is the annualised volatility over twenty years should be pretty much the same as the annualised volatility over five ye...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: LLC: Where should the funds for initial startup costs come from? ### Answer: Like you said, it's important to keep your personal assets and company assets completely separate to maintain the liability...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My mother's name is on my car title, how can I protect my ownership of the car in the event of her death? ### Answer: It's her car. Unlike what Ross said in the comments she can't sign it over to you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Guide to save money in all-time life ### Answer: You will find lots of rules of thumb but there is no universal truth to how much you should save. There are factors you DO need to consider though: you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a car loan bad debt? ### Answer: Here is another way to look at it. Does this debt enable you to buy more car than you can really afford, or more car than you need? If so, it's bad debt. Let's say ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a car loan bad debt? ### Answer: Good debt and "Bad debt" are just judgement calls. Each person has their own opinion on when it is acceptable to borrow money for something, and when it is not. F...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a car loan bad debt? ### Answer: Just to argue the other side, 1.49% is pretty low for a loan. Let's say you have the $15k cash but decide to get the car loan at 1.49%. Then you take the rest of th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a car loan bad debt? ### Answer: A car loan might be considered "good" debt, if the following circumstances apply: If, on the other hand, you only qualify for a subprime loan, or you're borrowing t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a car loan bad debt? ### Answer: What's missing in your question, so Kate couldn't address, is the rest of your financial picture. If you have a fully funded emergency account, are saving for reti...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a car loan bad debt? ### Answer: The risk besides the extra interest is that you might be upside down on the loan. Because the car loses value the moment you drive off the lot, the slower you pay i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is a car loan bad debt? ### Answer: The good debt/bad debt paradigm only applies if you are considering this as a pure investment situation and not factoring in: A house is something you live in and a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I make partial pre-payments on an actuarial loan? ### Answer: The contract is not very clear. As much as I can understand it will still help if you make part prepayments. In an Rule 78 or Actua...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How long to wait before refinancing a high interest car loan, after improving credit history? ### Answer: Between half a year and a year should be enough to improve your interest rates drastically on ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I find historic performance data on Barclays Aggregate Canadian Bond Index? ### Answer: I couldn't find historical data either, so I contacted Vanguard Canada and Barclays; Vanguard replied ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: give free budgeting advice ### Answer: They've asked you, so your advice is welcome. That's your main concern, really. I'd also ask them how much, and what kind of advice. Do they want you to point ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: give free budgeting advice ### Answer: The counsel of a friend doesn't come with a legal or professional liability. The key to doing this sort of thing successfully is to respect boundaries. You are p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: give free budgeting advice ### Answer: Legally ok? Sure. Friends frequently discuss financial matters, and share advice. This is quite far from taking money from them and managing it, where at some po...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What if you get pre-approved for a mortgage but don't find a house in the pre-approval timeframe? ### Answer: As mentioned before - you're over-thinking the hard-pull issue. But do try to make the pre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is meant by the term “representative stock list” here? ### Answer: The meaning is quite literal - a representative stock list is a list of stocks that would reasonably be expected to have about t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: moving family deposits away from Greece (possibly in UK) ### Answer: I can't comment about your tax liability in Greece. You will have to pay tax on interest in the UK. If you are earning massive amou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: moving family deposits away from Greece (possibly in UK) ### Answer: I think you can do it as long as those money don't come from illegal activities (money laundering, etc). The only taxes you should ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there good investment options to pay off student loans? ### Answer: Paying off your student loan is an investment, and a completely risk-free one. Every payment of your loan is a purchase of debt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are there good investment options to pay off student loans? ### Answer: What you're getting at is the same as investing with leverage. Usually this comes in the form in a margin account, which an inve...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a standard or best practice way to handle money from an expiring UTMA account? ### Answer: I'd first put it in CDs or other short term account. Get through school first, then see where you la...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit card transactions for personal finances ### Answer: I use mint.com for tracking my finances. It works on mobile phones, tablets, and in a browser. If you don't mind the initial hassle of putt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit card transactions for personal finances ### Answer: Other responses have focused on getting you software to use, but I'd like to attempt your literal question: how are such transactions managed...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I get interesting resources on Commodities? ### Answer: Here are some pretty big name news agencies which have a section dedicated to commodities: CNN Bloomberg Reuters ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I get interesting resources on Commodities? ### Answer: I would recommend that go through some forums where commodities topics be discussed so that if you have some issues related any point ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Co-signer deceased ### Answer: Co-signing is not the same as owning. If your elderly lady didn't make any payments on the loan, and isn't on the ownership of the car, and there was no agreement that y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Co-signer deceased ### Answer: People act like lawsuits are the end of the world, her suing shouldn't be considered a threat, it should be considered the accurate course of action to resolve contractu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strange values in ARM.L price data 1998-2000 from Yahoo ### Answer: This is just a shot in the dark but it could be intermarket data. If the stock is interlisted and traded on another market exchange ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is vested stock and yearly dividends? ### Answer: Vesting As you may know a stock option is the right to acquire a given amount of stock at a given price. Actually acquiring the stock is referre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mortgage loan implications when tearing down existing house and building new one? ### Answer: You would probably be best off checking through your loan documents to see if anything is listed in it in ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to invest 100k ### Answer: How to spend the money is up to you. That includes spending money on your house. (This is a safer way to look at it than an "investment". Not that it can't ever be treat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to invest 100k ### Answer: Your question is listed as "How to invest 100k", not how would I find someone without a hidden agenda - so I'll answer that: It depends. I believe the best choices avail...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to invest 100k ### Answer: The best way to invest in college for your kid is to buy an investment property and rent it out. You might think I am really crazy to ask you to you to buy a real estate...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to calculate the closing price percentage change for a stock? ### Answer: The previous day's close on Thursday 10th October was 5,000.00 The close on Friday 11th October is 5,025.92 So the gain on...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why doesn't GnuCash auto-reconcile non-bank accounts? ### Answer: The answer is just close your eyes and ignore it (in your words). I'm right there with you, the amount of detail that I track in my pe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I take a student loan to pursue my undergraduate studies in France? ### Answer: Stripping away the minutia, your question boils down to this: Should I take a loan for something that I may not ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I take a student loan to pursue my undergraduate studies in France? ### Answer: Edit: lazy math The answer to this question depends on two things: How bad will it be if you cannot repay this l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a term that better describes a compound annual growth rate (CAGR) when it is negative? ### Answer: Not sure why CAGR is a problem for both directions. I used to be a physicist, and, when I ta...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a term that better describes a compound annual growth rate (CAGR) when it is negative? ### Answer: My experience is in economics, so it may differ from an accounting or personal finance persp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a term that better describes a compound annual growth rate (CAGR) when it is negative? ### Answer: Same question had popped up in our office,and we got an answer from one of the senior collea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I buy bundled insurance policies? ### Answer: You have 3 companies now that you work with. I would start there. Ask one of them to show you what would happen if you bought the other two policie...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What forms (S-1, 8-K, etc) and keywords in news headlines signify dilution? ### Answer: Possibles: stock offering, secondary placement, increase authorized number of shares, shelf registration. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Unable to understand logic behind why there is no exit load on liquid fund ### Answer: I think you are having trouble understanding what 'liquid' means. Liquidity refers to how easily an asset can be ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Unable to understand logic behind why there is no exit load on liquid fund ### Answer: Imagine that a fund had a large exit load that declined over several years. If you wanted to sell some or all of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What effect will the financial reform bill have on everyday Americans? ### Answer: The Wall Street Journal says in its "For Consumers" section of its infographic: There's also some new agencies (inclu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strategy to pay off car loan before selling the car ### Answer: As far as ease of sale transaction goes you'll want to pay off the loan and have the title in your name and in your hand at the time of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock trading models that use fundamental analysis, e.g. PEG ratios? ### Answer: One idea: If you came up with a model to calculate a "fair price range" for a stock, then any time the market price wer...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stock trading models that use fundamental analysis, e.g. PEG ratios? ### Answer: Maria, there are a few questions I think you must consider when considering this problem. Do fundamental or technical s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculate APR for under 1 year loan ### Answer: Is the pay cycle every 2 weeks? So 30% each two week period is 1.3^26 = 917.33 or an APR of 91633%. Loansharks charge less, I believe standard vig was ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the volume highest at the beginning and end of a trading day? ### Answer: While volume per trade is higher at the open and to a lesser extent at the close, the overall volume is actually lower,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the volume highest at the beginning and end of a trading day? ### Answer: One of the fundamental of technical analysis suggests that holding a security overnight represents a huge commitment. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are shares used, and what are they, physically? ### Answer: Shares used to be paper documents, but these days they are more commonly held electronically instead, although this partly depends on wh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are shares used, and what are they, physically? ### Answer: For some very small private companies I know of (and am part of), paper stocks do exist. You can sit at the table with the damn things i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are shares used, and what are they, physically? ### Answer: If you are particularly interested in the share certificate artifacts themselves, there is a collection hobby in paper share certificate...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are shares used, and what are they, physically? ### Answer: How to 'use' your shares: If you own common shares in a company (as opposed to a fund) then you have the right (but not the obligation) ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the preferred way to set up personal finances? ### Answer: There's a lot of personal preference and personal circumstance that goes into these decisions. I think that for a person starting ou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the preferred way to set up personal finances? ### Answer: simplicity and roi are often at odds. the simplest plan that also supports a reasonable investment return would have 3 accounts: if y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the preferred way to set up personal finances? ### Answer: You don't state where you are, so any answers to this will by necessity be very general in nature. How many bank accounts should I ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the preferred way to set up personal finances? ### Answer: The absolute best advice I ever received was this: You will need three categories of savings in your life: 1) Retirement Savings Th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why would parents, of a young adult without dependents, not profit from the young adult's Term Life Insurance? ### Answer: It is not likely the YA would die in 10 years. Hence the investment the paren...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Standard Deviation with Asset Prices? ### Answer: You can use google docs to create a spreadsheet. In field A2, I put Google will load the prices into the sheet. At that point, I add the following int...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Standard Deviation with Asset Prices? ### Answer: Almost every online datasources provide historical prices on given company / index's performance; from this, you can easily calculate "standard deviat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Standard Deviation with Asset Prices? ### Answer: Some years ago, two "academics," Ibbotson and Sinquefield did these calculations. (Roger) Ibbotson, is still around. So Google Roger Ibbotson, or Ibbo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Standard Deviation with Asset Prices? ### Answer: James Roth provides a partial solution good for stock picking but let's speed up process a bit, already calculated historical standard deviations: Ibb...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mortgage company withholding insurance proceeds ### Answer: Have you found a general contractor to rebuild your home? I would imagine that someone with a bit of expertise in the area is used to dealin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mortgage company withholding insurance proceeds ### Answer: My question is, how do you rebuild a home, without the money to rebuild the home? I ignorantly thought that was why we paid for insurance. T...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mortgage company withholding insurance proceeds ### Answer: Fire insurance, as you have discovered, is a complete ripoff. Most people pay fire insurance all their lives with no benefit whatsoever, and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can my spouse be the primary signer on my car's loan? ### Answer: Go to your local bank or credit union before talking to a dealership. Ask them if putting both names on the loan makes a difference re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can my spouse be the primary signer on my car's loan? ### Answer: If your spouse wishes to buy a car and finance it with a car loan, they are free to do so. Once they have bought a car, they are free ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 2 UAN Numbers allotted to my PAN Number ### Answer: Option 1: You can write to uanepf@epfindia.gov.in giving the details of both the UAN's. This will be able to merge both these under the current EPF...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I remove the movement of the stock market as a whole from the movement in price of an individual share? ### Answer: As others have pointed out, the value of Apple's stock and the NASDAQ are mo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I remove the movement of the stock market as a whole from the movement in price of an individual share? ### Answer: The portion of a stock movement not correlated with stocks in general is cal...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I remove the movement of the stock market as a whole from the movement in price of an individual share? ### Answer: I use StockCharts for spread charting. To take your question as an example, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I remove the movement of the stock market as a whole from the movement in price of an individual share? ### Answer: You run the regression R_{i,t} = a + bR_{m,t} + e_t, then a + e_t is the var...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does shorting a call option have potential for unlimited loss? ### Answer: You are likely making an assumption that the "Short call" part of the article you refer to isn't making: that you own the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will refinancing my auto loan hurt my mortgage approval or help it? ### Answer: Generally it is not recommended that you do anything potentially short-term deleterious to your credit during the proces...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What Happens to Cofounders' Shares when they IPO? ### Answer: A company typically goes public in order to bring in additional capital. In an IPO, the company (through its officials) will typically do ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can someone help me understand my student loans? ### Answer: Paying the minimum balance on a loan can be DEVASTATING and is highly UN-RECOMMENDED. It is important you understand your loan and the term...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can someone help me understand my student loans? ### Answer: First to actually answer the question "how long at these rates/payments?"- These is nothing magic or nefarious about what the bank is doin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can someone help me understand my student loans? ### Answer: The first loan looks like it did not have its interest subsidized while you were in school, so interest was accruing eventhough you didn't ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can someone help me understand my student loans? ### Answer: If you want to pay them off as quickly as possible, pay the minimum payment on the larger two and dump as much as you can into the one with...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying off loans early, or is there some way to reduce extortionate interest charges? ### Answer: It really depends on the terms of your loan. For example, some loans have a pre-payment penalty. You w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying off loans early, or is there some way to reduce extortionate interest charges? ### Answer: My husband made a similar car loan decision when he was younger and didn't have an established credit ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Easiest way to diversify savings ### Answer: You can apply for Foreign currency accounts. But they aren't saving accounts by any means, but more like current accounts. Taking money out will involve ch...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Easiest way to diversify savings ### Answer: Having savings only in your home currency is relatively 'low risk' compared with other types of 'low diversification'. This is because, in a simple case, y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Easiest way to diversify savings ### Answer: Are there banks where you can open a bank account without being a citizen of that country without having to visit the bank in person? I've done it the othe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a significant danger to market orders as opposed to limit orders? ### Answer: If you want your order to go through no matter what then you should be using market orders rather than limit orde...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a significant danger to market orders as opposed to limit orders? ### Answer: The Key aspect is the risk of market orders; You should be worried about point 2 & 3 when you are doing market ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a significant danger to market orders as opposed to limit orders? ### Answer: The risk of market orders depends heavily on the size of the market and the exchange. On big exchange and a secur...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is a stock dividend considered a dividend? What makes it different from a stock split? ### Answer: The key difference I've found between a stock split and a stock dividend – of the exact same stoc...