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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: You can simply stick with some index funds that tracks the S&P 500 and Ex-US world market. That should provide some...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Payroll taxes on exercised stock options ### Answer: The trickiest thing is the federal tax. It's typical to withhold 25% federal on this type of event. If your federal marginal rate was already towar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Payroll taxes on exercised stock options ### Answer: To explain the capital gains part of the question, non qualified stock options (NSOs) are always treated like earned income and have payroll taxes ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to manage paying expenses when moving to a weekly pay schedule and with a pay increase? ### Answer: This is really just a matter of planning. It's good that you don't want the train to go off the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to manage paying expenses when moving to a weekly pay schedule and with a pay increase? ### Answer: Its really, really good of you to admit your short comings with a desire to improve them. It ta...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to manage paying expenses when moving to a weekly pay schedule and with a pay increase? ### Answer: Unlike other responses, I am also not good with money. Actually, I understand personal finance ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Thorough Description of Yield to Maturity? ### Answer: What is a bond price? A bond is an asset, and like any tradeable asset it has a price. If I hold $10K face value of a certain GM bond, then I w...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Payment default penalties on annuities ### Answer: I don't know how annuities work it's all smoke and mirrors to me. This is a huge red flag to me. I would ask the agent what the penalty is to cancel ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investment for young expatriate professionals ### Answer: That's a broad question, but I can throw some thoughts at you from personal experience. I'm actually an Australian who has worked in a couple...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why does 'further borrowing' always mean permanent extra mortgage accounts? ### Answer: It is possible to consolidate mortgages with Nationwide, in some circumstances. Quote from their website: It is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which Novo Nordisk ticker is most tax efficient in a UK SIPP? ### Answer: What I ended up doing was finding where each ticker of Novo was registered (what exchange), then individually looking up the f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: mortgage vs car loan vs invest extra cash? ### Answer: Pay off your car loan. Here is why: As you mentioned, the interest on your home mortgage is tax deductible. This may not completely offset the di...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: mortgage vs car loan vs invest extra cash? ### Answer: First off, the "mortgage interest is tax deductible" argument is a red herring. What "tax deductible" sounds like it means is "if I pay $100 on ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: mortgage vs car loan vs invest extra cash? ### Answer: A point that hasn't been mentioned is whether paying down the mortgage sooner will get you out of unnecessary additional costs, such as PMI or a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: mortgage vs car loan vs invest extra cash? ### Answer: Without knowing actual numbers it's tough to say. Personally, I would pay off the car then, going forward, use the money that would have been pa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: mortgage vs car loan vs invest extra cash? ### Answer: Since you've already maxed out your 401k and your IRA, if you wanted to invest more-- then it would either be in a brokerage account or a 529 (if...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: mortgage vs car loan vs invest extra cash? ### Answer: It depends on your tax rate. Multiply your marginal rate (including state, if applicable) by your 3.1% to figure out how much you are saving thro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I might use a credit card convenience check. What should I consider? ### Answer: Read the terms carefully. With promotional offers, if you do anything "bad", the promotion is terminated and you immed...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I might use a credit card convenience check. What should I consider? ### Answer: I tried this a few months ago when I got one from Chase for 0%. Thought it might be fun to play with, maybe make some ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I might use a credit card convenience check. What should I consider? ### Answer: Well, you might take a minor hit to your credit score. This is snapshot of my credit utilization written for an article...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Meaning of “credit” ### Answer: You're looking at the "wrong" credit. Here's the Wikipedia article about the bookkeeping (vs the Finance, that you've quoted) term. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What exactly changes following a stock split? Why doesn't “Shares” (on the following SEC balance sheet) change? ### Answer: In theory*, if a company has 1m shares at $10 and does a 10 for 1 split, the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to understand the caculation of interest for credit cards? ### Answer: Suppose you have been paying interest on previous charges in the past. Your monthly statement is issued on April 12, and (sin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: institutional ownership — why is it so convoluted ### Answer: The reason for such differences is that there's no source to get this information. The companies do not (and cannot) report who are their ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the meaning of Equal Housing Lender? Do non-banks need to display it? ### Answer: At the top result of the Google search, on the Google results page it's sumarized as applicable to every lende...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the meaning of Equal Housing Lender? Do non-banks need to display it? ### Answer: If a bank is evaluating a persons qualifications to qualify for a loan they have to follow the FDIC and HUD gu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Valuation Spreadsheet ### Answer: Yes, all of that is possible with google sheets... ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Valuation Spreadsheet ### Answer: In general spreadsheets can do all of what you ask. Have a try of some online training like these to get started. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to quickly track daily cash expenses that don't come with a receipt? ### Answer: A pencil and a small notepad really work here, but if you have a smartphone then some way of using it makes sense a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to quickly track daily cash expenses that don't come with a receipt? ### Answer: Go the opposite approach. Budget a certain amount of cash and keep it combined. Don't exceed it (but next time bu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good idea to get an unsecured loan to pay off a credit card that won't lower a high rate? ### Answer: Why not just get another credit card and transfer the balance? Many of them will give you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good idea to get an unsecured loan to pay off a credit card that won't lower a high rate? ### Answer: I think it depends on how you're approaching paying off the credit card. If you're doing s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good idea to get an unsecured loan to pay off a credit card that won't lower a high rate? ### Answer: I am answering this in light of the OP mentioning the desire to buy a house. A proper mor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good idea to get an unsecured loan to pay off a credit card that won't lower a high rate? ### Answer: Take the consolidation loan and pay it off. Don't close the card. Opening a new account wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good idea to get an unsecured loan to pay off a credit card that won't lower a high rate? ### Answer: nan ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it a good idea to get an unsecured loan to pay off a credit card that won't lower a high rate? ### Answer: Go where your money is treated best. If you can lower your APR, great. It should help a l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Current accounts reward schemes and reciprocal standing orders? ### Answer: I don't think it would be counted as income, and if it's a short-term loan it doesn't really matter as the notional interest...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What actions should I be taking to establish good credit scores for my children? ### Answer: When I was in high school, my mom got me a joint credit account with both of our names on it for exactly th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What actions should I be taking to establish good credit scores for my children? ### Answer: Until they're old enough to be legally responsible for their own credit, the only thing you can really do i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What actions should I be taking to establish good credit scores for my children? ### Answer: You really can't. Credit rating is determined by financial history, and until your kids are old enough to l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What actions should I be taking to establish good credit scores for my children? ### Answer: My son who is now 21 has never needed me to cosign on a loan for him and I did not need to establish any so...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Resources to begin trading from home? ### Answer: Your plan won't work. Working 40 hours a week at federal minimum wage (currently $7.25 / hr) for 52 weeks is an annual income of just over $15,000. Ev...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Resources to begin trading from home? ### Answer: As JoeTaxpayer has commented, the markets are littered with the carcasses of those who buy into the idea that markets submit readily to formal analysi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Resources to begin trading from home? ### Answer: Since then I had gotten a job at a supermarket stocking shelves, but recently got fired because I kept zoning out at work This is not a good sign for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Resources to begin trading from home? ### Answer: So you're 23 with no higher graduation, certificates etc which would allow you to study / training but with a high passion for logical thinking and ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Resources to begin trading from home? ### Answer: A good place to start is to read, such as : Robert T. Kiyosaki : poor dad rich dad. It is quite simple but it gives the good mindset to start. But mo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Investing Account Options ### Answer: Immediately move your Roth IRA out of Edward Jones and into a discount broker like Scottrade, Ameritrade, Fidelity, Vanguard, Schwab, or E-Trade. Edward Jones wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I apply for a mortgage after a cash closing on a property? ### Answer: Is she correct in that you generally can't even apply until the cash transaction is complete? Probably. How can you comm...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Stocks: Where can I find a list of bankrupt/diluting stocks in the US? ### Answer: The only recommendation I have is to try the stock screener from Google Finance : https://www.google.com/finance?ei=...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much of a down payment for a car should I save before purchasing it? ### Answer: If and only if by coincidence the car you were already considering from your research includes a 0% finance offer, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much of a down payment for a car should I save before purchasing it? ### Answer: If you're getting 0% on the financing, it's not costing you anything to borrow that money. So its basically free mo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much of a down payment for a car should I save before purchasing it? ### Answer: I've run into two lines of thinking on cars when the 0% option is offered. One is that you should buy the car with...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much of a down payment for a car should I save before purchasing it? ### Answer: Do you need the car, or is this an optional purchase for you? Do you currently have a car that is in good working ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much of a down payment for a car should I save before purchasing it? ### Answer: I'd put more money down and avoid financing. I personally don't think car debt is good debt and if you can't afford...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much of a down payment for a car should I save before purchasing it? ### Answer: At minimum, put down the sale price less what insurance would pay if you got in an accident when driving home, OR p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options for the intelligent but inexperienced ### Answer: Some thoughts on your questions in order, Duration: You might want to look at the longest-dated option (often a "LEAP"), for a couple reasons....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options for the intelligent but inexperienced ### Answer: I strongly suggest you read up the Option Greeks. You can be right about a stocks price movement and still not make money b/c other factors co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Options for the intelligent but inexperienced ### Answer: Realize this is almost a year old, but I just wanted to comment on something in Dynas' answer above... "Whenever you trade always think about...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: W-4 was not updated when moving from part-time to full-time, still showed Tax-Exempt. What happens now? ### Answer: Legally, do I have anything to worry about from having an incorrectly filed W-4? Wha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: W-4 was not updated when moving from part-time to full-time, still showed Tax-Exempt. What happens now? ### Answer: The W4 specifies withholding for income taxes, FICA taxes are not impacted. The tax ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Settling house with husband during divorce. Which of these two options makes the most sense? ### Answer: Both are close, but two notes - amiable or not, I'd rather have a deal that ends now, and nothi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Settling house with husband during divorce. Which of these two options makes the most sense? ### Answer: Both seem to be reasonable. To decide you need to guess if the value of the house will go up or...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Settling house with husband during divorce. Which of these two options makes the most sense? ### Answer: How about a third approach: Figure the buyout as above. Figure what percentage of the value of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculating the value of an investors inventory ### Answer: Is it just -34*4.58= -$155.72 for CCC and -11*0.41= -$4.51 for DDD? Yes it needs to be recorded as negative because at some point in time, t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wage earners of age ≥ 60 with dependents: What Life Insurance, if any, should they buy? ### Answer: The problem above is actually a pretty good list of the concerns around life insurance. While there...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Wage earners of age ≥ 60 with dependents: What Life Insurance, if any, should they buy? ### Answer: Without knowing the WSC's objectives, priorities of those objectives and affordability we cannot det...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How does the bank/IRS know whether a bank transfer over $14k is a gift or loan repayment? ### Answer: You don't need to file or do anything. The bank will report all transfers over 10 000, but chances...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to find CSV or JSON data for publicly traded companies listed with their IPO date? ### Answer: Here is a list to Yahoo! Finance API. Not sure how much longer this will be support though: https:...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a straddle? ### Answer: A straddle is an options strategy in which one "buys" or "sells" options of the same maturity (expiry date) that allow the "buyer" or "seller" to profit based on how mu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is a straddle? ### Answer: Came across this very nice video which explains the "Long Straddle". Thought will share the link here: http://www.khanacademy.org/finance-economics/core-finance/v/long-...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is Systematic about Systematic Investment Plan (SIP) and who invented it? ### Answer: According to https://en.wikipedia.org/wiki/Systematic_Investment_Plan it's nothing but a fancy term for plain...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is Systematic about Systematic Investment Plan (SIP) and who invented it? ### Answer: Personally, I think you are approaching this from the wrong angle. You're somewhat correct in assuming that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Leasing a car I intend to buy ### Answer: You are still paying a heavy price for the 'instant gratification' of driving (renting) a brand-new car that you will not own at the end of the terms. It is n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Leasing a car I intend to buy ### Answer: What does not seem reasonable about your plan is the payment and buyout. While $200/month payments are possible (but hard to find), buyouts are more typicall...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Leasing a car I intend to buy ### Answer: I have a colleague who always leases cars first. He's very well off, has piles of money in savings, owns a home, and the cherry on top, he could just write a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I close unused credit cards before applying for another? ### Answer: If you're looking for cause-effect, applying for another card won't matter at all if you're not paying any interest, or not ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I close unused credit cards before applying for another? ### Answer: You want to have 2-4 credit cards, with a credit utilization ratio below 30%. If you only have 2 cards, closing 1 would red...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Highstreet bank fund, custom ETF or Nutmeg? ### Answer: It's a good question, I am amazed how few people ask this. To summarise: is it really worth paying substantial fees to arrange a generic investm...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Highstreet bank fund, custom ETF or Nutmeg? ### Answer: And it's only as cheap as 1.78% if you stay with them 10 years! They'd love that. You can kind of tell they really want to lock you in for over ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Unemployment Insurance Through Options ### Answer: This is a snapshot of the Jan '17 puts for XBI, the biotech index. The current price is $65.73. You can see that even the puts far out of the money ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Unemployment Insurance Through Options ### Answer: That's not unemployment insurance. Because it's perfectly possible, and even likely, that your industry will do badly but you'll keep your job, or th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Unemployment Insurance Through Options ### Answer: Options do act, somewhat, like insurance.... However.... An insurance policy will not have such short term expiration time frames. A 20 year term lif...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Next steps for (not me): a recently-divorced single mom, in California, with a 2yr-old ### Answer: She should call 211. This is exactly how they help. The 2-1-1 service is run by the United Way, a non...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 1099-MISC vs K-1 — duplicated numbers? ### Answer: Well, you won't be double taxed based on what you described. Partners are taxed on income, typically distributions. Your gain in the partnership is n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mortgage vs. Cash for U.S. home buy now ### Answer: I'm in the "big mortgage" camp. Or, to put this another way - what would you be happier to have in 15 years? A house that is worth $300,000, or $50,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mortgage vs. Cash for U.S. home buy now ### Answer: If you are investing in a mortgage strictly to avoid taxes, the answer is "pay cash now." A mortgage buys you flexibility, but at the cost of long ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mortgage vs. Cash for U.S. home buy now ### Answer: There are a number of reasons I'm in agreement with "A house that is worth $300,000, or $50,000 of equity in a house and $225,000 in the bank." So,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mortgage vs. Cash for U.S. home buy now ### Answer: Buying now with a mortgage gets you: Waiting to buy with all cash gets you: These are also some of the pros or cons for the rent or buy dilemma that...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Mortgage vs. Cash for U.S. home buy now ### Answer: I wondered about this problem too, so I looked into the maths and made this app :- http://demonstrations.wolfram.com/BuyOrRentInvestmentReturnCalcul...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Construction loan for new house replacing existing mortgaged house? ### Answer: So let's assume some values to better explain this. For simplicity, all of these are in thousands: So in this example, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Construction loan for new house replacing existing mortgaged house? ### Answer: Presumably the existing house has some value. If you demolish the existing house, you are destroying that value. If the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to interpret stock performance charts “vs S&P 500” ### Answer: tl;dr: The CNN Money and Yahoo Finance charts are wildly inaccurate. The TD Ameritrade chart appears to be accurate and shows returns...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What questions should I ask a mortgage broker when refinancing a condo in Wisconsin? ### Answer: Its a huuuuuuuuuuuge topic, and to answer your question in full will require a book, with a small bookl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is socialtrend.com or/and feelthetrend.com legitimate? ### Answer: It's called a "Pyramid scheme". Its illegal in almost every country of the Western world. You're not going to earn lifetime income, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My university has tranfered me money by mistake, and wants me to transfer it back ### Answer: If you are convinced/sure its legit. Is doing a bank transfer to correct their mistake, actually the right...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My university has tranfered me money by mistake, and wants me to transfer it back ### Answer: Confirming whether the payment was an error The simplest method is to confirm manually with the University...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My university has tranfered me money by mistake, and wants me to transfer it back ### Answer: Call in to the bank using a publicly available number to verify the request. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My university has tranfered me money by mistake, and wants me to transfer it back ### Answer: Really a very straightforward situation, and subsequently, answer. Call the university pursors that you n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: My university has tranfered me money by mistake, and wants me to transfer it back ### Answer: You have received some good answers, but since your concern is proper protocol, keep everything in writing...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Efficient International money transfer ### Answer: Typical wire transfers are not with 4-5%; but it all depends on the bank that does the transfer. You can chose to send ('wire') the money in source c...