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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: A stock dividend isn't exactly a split. Example: You have 100 shares of stock worth $5 a share (t...
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: You can argue that cash dividend is a kind of split as well by this logic. The stock price on ex-...
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: A stock dividend converts some of the reserves and surplus on the company's balance sheet into pa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are the “debt reduction” company useful? ### Answer: From what I understand, they basically hold on to your money while you stop paying your debt. They keep it in an account and negotiate on your beh...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are the “debt reduction” company useful? ### Answer: They don't do anything you can't do yourself and they charge you money for it. And of course the only way they manage to negotiate the debt down is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are the “debt reduction” company useful? ### Answer: No. Not in the Uk anyway, they are just an extra person/company that you have to pay. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are the “debt reduction” company useful? ### Answer: They are a complete waste of money, see my answer here for more details. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are the “debt reduction” company useful? ### Answer: Many of the services are scams, and those that are not are just doing something you can do yourself - as Jack points out. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I thought student loans didn't have interest, or at least very low interest? [UK] ### Answer: From the description, you have a post-1998 income contingent loan. The interest rate on those is currently...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I thought student loans didn't have interest, or at least very low interest? [UK] ### Answer: nan ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I thought student loans didn't have interest, or at least very low interest? [UK] ### Answer: If I recall correctly, the pay schedule is such that you initially pay mostly interest. As James Roth sug...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Annuities question - Equations of value ### Answer: These are the steps I'd follow: $200 today times (1.04)^10 = Cost in year 10. The 6 deposits of $20 will be one time value calculation with a resul...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Annuities question - Equations of value ### Answer: The solution is x = 8.92. This assumes that Chuck's six years of deposits start from today, so that the first deposit accumulates 10 years of gain, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can you find dividends for Australian Stock Market Shares (ASX) for more than 2 years of data? ### Answer: It's difficult to compile free information because the large providers are not yet per...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can you find dividends for Australian Stock Market Shares (ASX) for more than 2 years of data? ### Answer: Yahoo provides dividend data from their Historical Prices section, and selecting Divid...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can you find dividends for Australian Stock Market Shares (ASX) for more than 2 years of data? ### Answer: You can register with an online broker. You can usually join most online brokers for f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Regarding Australian CBS takeover of TEN ### Answer: they are purchasing the company" is this correct? Yes this is correct. If I purchase a "company" here in Australia, I also purchase its assets and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Take car loan out of mortgage to improve equity ### Answer: I guess I don't understand how you figure that taking out a car loan for $20k will result in adding $20k in equity. A car loan is a liabili...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Want to buy expensive product online. Credit line on credit cards not big enough. How do “Preferred Account” programs work? ### Answer: First and foremost - make sure where you are purchasing the prod...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Want to buy expensive product online. Credit line on credit cards not big enough. How do “Preferred Account” programs work? ### Answer: The preferred accounts are designed to hope you do one of severa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm halfway through a 5-year purchase financing deal on my car. It's expensive. Can I sell it and get a cheaper car? ### Answer: You say "it's expensive". I'm going to interpret this as "the monthly ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: The penalty on early redemption of a personal loan ### Answer: In month 9 you still owe $7,954.25. You need to pay that, plus the $250. At that line, you haven't made the payment, the rest of the line...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Car dealer saying that they cannot see any credit information for my co-applicant. Could this be a scam? ### Answer: Its not a scam. The car dealership does not care how you pay for the car, just tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Car dealer saying that they cannot see any credit information for my co-applicant. Could this be a scam? ### Answer: By law, your wife can get her full Equifax credit report (sans-FICO score) instantl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Car dealer saying that they cannot see any credit information for my co-applicant. Could this be a scam? ### Answer: I actually had a similar situation when I tried to buy my house. I paid off all my ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Car dealer saying that they cannot see any credit information for my co-applicant. Could this be a scam? ### Answer: You say Also I have been the only one with an income in our household for last 15 ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can someone with a new job but no credit history get a loan to settle another debt? ### Answer: The more I think about this the more I think you are actually better off letting it go to collection...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can someone with a new job but no credit history get a loan to settle another debt? ### Answer: I believe the best way to go about it is to approach a good friend or relative to borrow the money, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does Yahoo Finance's data for a Vanguard fund's dividend per share not match the info from Vanguard? ### Answer: In the context of EDV, 4.46 is the indicated dividend rate. The indicated dividend ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does Yahoo Finance's data for a Vanguard fund's dividend per share not match the info from Vanguard? ### Answer: http://finance.yahoo.com/q/hp?s=EDV+Historical+Prices shows this which matches Vang...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I add PMI to my principal balance when I take out a mortgage? ### Answer: There are few different types of MI you can choose from, they are: Borrower-Paid Monthly (this is what most people think o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can my federal adjusted gross income differ by $1 between my federal and state returns? ### Answer: No, you don't. Rounding errors happen, and if there's no change in the actual tax there's no reason ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: FICA was not withheld from my paycheck ### Answer: Should I have a W-2 re-issued? A W-2 can be corrected and a new copy will be filed with the IRS if your employer incorrectly reported your income and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: FICA was not withheld from my paycheck ### Answer: According to this section in Publication 15: Collecting underwithheld taxes from employees. If you withheld no income, social security, or Medic...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I get a tax deduction for PMI? ### Answer: No. And I'll let my good friend and fellow blogger Kay Bell answer in some detail, in her article Deducting private mortgage insurance. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I set up my finances when first moving out? ### Answer: The first thing you need to do is to set yourself a budget. Total all your money coming in (from jobs, allowances, etc.) and all your mon...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I cash in physical stock certificates? (GM 1989) ### Answer: I'm afraid you're not going to get any good news here. The US government infused billions of dollars in capital as part of the bankr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I cash in physical stock certificates? (GM 1989) ### Answer: which means the current total is $548,100. Is that correct? Yep Unfortunately the "current" GM stock is different than the GM stock ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do stock prices drop due to dividends? ### Answer: Yes, the stock price drops on the ex-dividend date by roughly the amount of the dividend. There is even academic research testing this and confirming...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do stock prices drop due to dividends? ### Answer: The Paragraph talks about dividends given by Mutual Funds. Say a fund has NAV of $ 10, as the value of the underlying security grows, the value of th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do stock prices drop due to dividends? ### Answer: Yes, the stock price drops on official listing. But what gonna happen on first trade after the dividend date, is up to the market. The market is the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do stock prices drop due to dividends? ### Answer: In the case of mutual funds, Net Asset Value (NAV) is the price used to buy and sell shares. NAV is just the value of the underlying assets (which ar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do stock prices drop due to dividends? ### Answer: Share prices fall when dividends are paid out because the paid dividend (cash out) actually reduces the value of the company. Usually the share price...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do stock prices drop due to dividends? ### Answer: I would say that the answer is yes. Investors may move on purchasing a stock as a result of news that a stock is set to pay out their dividend. It...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm 23, living at home, and still can't afford my own property. What could I do? ### Answer: I wouldn't be too concerned, yet. You're young. Many young people are living longer in the family home. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm 23, living at home, and still can't afford my own property. What could I do? ### Answer: You have made the most important first step by starting to think about your money, well done. Firstly pay o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I'm 23, living at home, and still can't afford my own property. What could I do? ### Answer: When I was 23, the Toronto housing market was approaching a record high, and I thought, "I must buy a place...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Priced out of London property market. What are my accommodation investment options? ### Answer: Be radical! (I assume you are not working for a city bank getting paid “city wages” – e.g. you are one o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Priced out of London property market. What are my accommodation investment options? ### Answer: Real Estate is all local. In the United States, I can show you houses so high the rent on them is less t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Priced out of London property market. What are my accommodation investment options? ### Answer: NB - I live in Surrey and bought my house in January 2014. If you don't have a very social life, it does...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a mutual fund “high water mark” and how does it affect performance fees? ### Answer: With the caveat that you should always read the fine print... Generally, the high water mark is the absolut...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What credit card information are offline US merchants allowed to collect for purposes other than the transaction? ### Answer: Zip code, as well as billing address, is used in conjunction with the Add...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculating savings from mortgage interest deduction vs. standard deduction? ### Answer: Those choices aren't mutually exclusive. Yes, most discussion of the mortgage interest deduction ignores the f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculating savings from mortgage interest deduction vs. standard deduction? ### Answer: It's true that the standard deduction makes the numbers less impressive. I ran your scenario through my favorit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What drives the value of a stock? [duplicate] ### Answer: For XOM if you were lucky enough to purchase on 20 Jan 16, at 73.18/share and sold on 15 July at 94.95 you would achieve a 29% return in six m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Auto insurance on new car ### Answer: Auto insurance is a highly personalized item, so depending on your driving record and other factors, $600 a month for full coverage may be as good as you can get....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Auto insurance on new car ### Answer: $600 a month is high, but may be the best you can do. When I moved from UK to Canada my first insurance quote was $3000 a year, but that was 20 years ago and I wa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: For insurance, why should you refuse $4,000/year for only 10 years and prefer $500/year indefinitely? ### Answer: The breakeven amount isn't at 8 years. You calculated how many years of paying $500 it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Auto Loan and Balance Transfer ### Answer: This is what your car loan would look like if you paid it off in 14 months at the existing 2.94% rate: You'll pay a total of about $277 in interest. If you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advice on low-risk long-term strategy for extra cash? ### Answer: I can think of three things you might do: Talk to a fee-only adviser. As the comments suggest, this would only be one or two sessions ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advice on low-risk long-term strategy for extra cash? ### Answer: Congratulations on being in such good financial state. You have a few investment choices. If you want very low risk, you are talking ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advice on low-risk long-term strategy for extra cash? ### Answer: Look at a mixture of low-fee index funds, low-fee bond funds, and CDs. The exact allocation has to be tailored to your appetite for ri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advice on low-risk long-term strategy for extra cash? ### Answer: So, you have $100k to invest, want a low-maintenance investment, and personal finance bores you to death. Oooohhh, investment companie...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Advice on low-risk long-term strategy for extra cash? ### Answer: You can buy dividend stocks, just buy and hold. you will get cash or extra stock every quarter. You can also sell covered calls on you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Put a dollar value on pensions? ### Answer: @JoeTaxpayer's answer outlines how to value it. Some other considerations: As I understand it, some public pensions may be tax-free if you still live in the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Put a dollar value on pensions? ### Answer: There are two steps. First you take the age at retirement and annual benefit. Say it's $10,000/yr. You can easily look up the present value of a $10k/yr ann...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I use a bank or a credit union for my savings account? ### Answer: Your instructor's numbers do not seem to have any basis in current reality. At this page you can see a comparison of interest ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I use a bank or a credit union for my savings account? ### Answer: In practical terms, these days, a credit union IS a small "savings and loan" bank -- the kind of bank that used to exist befor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have savings and excess income. Is it time for me to find a financial advisor? ### Answer: Whether your financial status is considered "OK" depends on your aspirations. You aren't spending more tha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have savings and excess income. Is it time for me to find a financial advisor? ### Answer: Is my financial status OK? If not, how can I improve it? Based on the fact that you have $100K in the bank ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have savings and excess income. Is it time for me to find a financial advisor? ### Answer: Many of my friends said I should invest my money on stocks or something else, instead of put them in the ba...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have savings and excess income. Is it time for me to find a financial advisor? ### Answer: I think you might be asking the wrong question. You have plenty of capital on the side that can be invested...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have savings and excess income. Is it time for me to find a financial advisor? ### Answer: Is my financial status OK? If not, how can I improve it? I'm going to concentrate on this question, particu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have savings and excess income. Is it time for me to find a financial advisor? ### Answer: Others have mentioned the term fiduciary but haven't really gone in to what that is. Despite the name "fina...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I have savings and excess income. Is it time for me to find a financial advisor? ### Answer: Is my financial status OK? You have money for emergencies in the bank, you spend less than you earn. Yes, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can one graph portfolio performance over time? ### Answer: I've just started using Personal Capital (www.personalcapital.com) after seeing the recommendation at several places. I believe it giv...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can one graph portfolio performance over time? ### Answer: I use Yahoo Finance to plot my portfolio value over time. Yahoo Finance uses SigFig to link accounts (I've linked to Fidelity), which t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is an accounting term that factors growth as a function of time and discount rate? ### Answer: Since you are trying to compare corporate bonds that have a defined coupon over the specified time o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can we get a hold of our finances again, with much less time to spend on accounting and budgeting, due to the arrival of our child? ### Answer: I have also tried Mvelopes in the past, and my exper...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can we get a hold of our finances again, with much less time to spend on accounting and budgeting, due to the arrival of our child? ### Answer: Good question, very well asked! The key here is that...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I interpret these income tax numbers for Chinese public company Dangdang Inc. (DANG)? ### Answer: It was not taxed in the previous years because it wasn't in profit. The amount for 2010 is more...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: does interest payment on loan stay the same if I pay early ### Answer: The typical case would be - as you expected - that the interest goes down equally dramatically, and you would pay much less inter...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: does interest payment on loan stay the same if I pay early ### Answer: It depends on the type of loan. Fully amortized loans have a schedule of payments don't recalculate as you pay. If you want to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I try to negotiate a signing bonus? ### Answer: You asked about a signing bonus and were told the conditions that would be required to get one. It does not appear that you will qualify, but you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I try to negotiate a signing bonus? ### Answer: I was able to request a modest advance on my salary when I started my first job out of college, for essentially the same reason. Alternatively, y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Home insurance score drastically decreases after car insurance claim? ### Answer: Credit risk and insurance risk are highly correlated for a single legal party. Trouble with one could indicate troubl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: GnuCash register reimbursements ### Answer: You should be recording the reimbursement as a negative expense on the original account the expense was recorded. Let's assume you have a $100 expense and $...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Formula that predicts whether one is better off investing or paying down debt ### Answer: I ended up writing a simulation in R. Here is my code: It produces a plot like this: This code assumes you ha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Formula that predicts whether one is better off investing or paying down debt ### Answer: you should always invest if your investment rate of return is higher than your interest rate Your next line,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Formula that predicts whether one is better off investing or paying down debt ### Answer: Although I don't think you need to factor in risk tolerance to get the probabilities, I agree with JoeTaxpayer...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Formula that predicts whether one is better off investing or paying down debt ### Answer: The formula you are looking for is pretty complicated. It's given here: http://itl.nist.gov/div898/handbook/ed...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Formula that predicts whether one is better off investing or paying down debt ### Answer: Old question I know, but I have some thoughts to share. Your title and question say two different things. "Be...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a formula for calculating equity accumulated while repaying car loan? ### Answer: By the sounds of things, you're not asking for a single formula but how to do the analysis... And for the reco...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a formula for calculating equity accumulated while repaying car loan? ### Answer: Here is a simple way to analyze the situation. Go to your bank or credit union website and use their loan calc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Tax advantages of using 529 plans to save for child's education? ### Answer: There are several variables to consider. Taxes, fees, returns. Taxes come in two stages. While adding money to the account ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I learn to do my own tax? ### Answer: I would advise against "pencil and paper" approach for the following reasons: You should e-file instead of paper filing. Although the IRS provides an optio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I learn to do my own tax? ### Answer: Interesting. When you say DIY you mean pencil and paper. For most of us the choice came down to using a professional vs using the software. Your second bu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I learn to do my own tax? ### Answer: If you've been using TurboTax, let me suggest a compromise: Let TTax fill out the forms, but then print them out and go through it again by hand. If you do...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to search efficiently for financial institutions, credit cards, etc (At least in Canada)? ### Answer: Searching for Banks or Credit Unions based on their high interest accounts is likely to be a g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Invest in low cost small cap index funds when saving towards retirement? ### Answer: I think you're on the right track with that strategy. If you want to learn more about this strategy, I'd recommend ...