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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Good way to record currency conversion transactions in personal accounting software? ### Answer: I found an answer by Peter Selinger, in two articles, Tutorial on multiple currency accounting (June 20...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Good way to record currency conversion transactions in personal accounting software? ### Answer: Here's what the GnuCash documentation, 10.5 Tracking Currency Investments (How-To) has to say about boo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 3-year horizon before trading up to next home: put windfall in savings, or pay off mortgage? ### Answer: First, I would want cash around the time I made the move. I would like enough for a 20% down p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 3-year horizon before trading up to next home: put windfall in savings, or pay off mortgage? ### Answer: A few points to consider - Welcome to Money.SE. This is not a discussion board, but rather, a s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: 3-year horizon before trading up to next home: put windfall in savings, or pay off mortgage? ### Answer: You may have to both save your windfall in a savings account and use it to pay down your mortga...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I use a TSP loan? ### Answer: I don't have experience with TSP in particular, but they look to be roughly the same as 401(k) loans. If the "G Fund rate" is equal to the yield of government bond...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I use a TSP loan? ### Answer: Never borrow money to purchase a depreciating asset. Especially don't borrow money that has penalties attached. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to start investing/thinking about money as a young person? ### Answer: There are books like, "The Millionaire Mind" that could be of interest when it comes to basics like living below your means, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to start investing/thinking about money as a young person? ### Answer: nan ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to start investing/thinking about money as a young person? ### Answer: I think "Rich Dad Poor Dad" is a good read for understanding the basics of personal finance in a non-technical format before ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any other options for cash-out/construction loans? ### Answer: For alternative financing, pursue a line of credit or a Home Equity Line of Credit. (From the comments of @ChrisInEdmonton and @littlead...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I take a personal loan for my postgraduate studies? ### Answer: If you are eligible for FEE-HELP then this is by far the cheapest way of financing higher education in Australia. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I take a personal loan for my postgraduate studies? ### Answer: I would not take this personal loan. Let's look closer at your options. Currently, you are paying $1100 a month in rent, and you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I take a personal loan for my postgraduate studies? ### Answer: As mentioned in the comments, there are costs associated with owning & living in an apartment. First you have to pay maintenance ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I take a personal loan for my postgraduate studies? ### Answer: I would delay purchase of a condo or apartment until you have at a minimum, 6 months of living expenses including mortgage set as...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: In Canada, are options available to subsidize conversion of a house into an energy efficient house? ### Answer: There may be more, but a good starting point would be the ecoENERGY Retrofit Grants and ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Exercises of employee share options ### Answer: Many companies (particularly tech companies like Atlassian) grant their employees "share options" as part of their compensation. A share option is the r...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Term loan overpayment options: applied to principal, or…? ### Answer: It may have been the standard practice for a long time, and indeed it still is the common practice for my credit union to apply al...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I carry less renter's insurance if I can self-insure? ### Answer: I believe your statement is mostly correct: ...all the expert recommendations are based on an inflexible conventional wisdom t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using credit cards online: is it safe? ### Answer: You're right that someone who, say, photographed the front of your card at the store could use it to make some online purchases. Schemes like Visa's ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using credit cards online: is it safe? ### Answer: So, my questions: Are payment cards provide sufficient security now? Yes. If so, how is that achieved? Depending on your country's laws, of course. I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using credit cards online: is it safe? ### Answer: Why do online services ask for all those CVV codes and expiration date information, if, whenever you poke the card out of your wallet, all of its inf...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using credit cards online: is it safe? ### Answer: The answer: don't use your actual card number. Some banks offer virtual credit card numbers (services like Apple Pay are functionally the same). Bank...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a F-1 student visa holder loan a car from bmw? ### Answer: Most states do have a cooling-off period where the buyer can rescind the purchase as well as a legally allowed limit to how long the deal...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it beneficial to my credit score if I close my youngest credit lines while preserving my current credit utilization rate? ### Answer: I wrote How Old is Your Credit Card? some time ago. The answer ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it beneficial to my credit score if I close my youngest credit lines while preserving my current credit utilization rate? ### Answer: Credit Score is rather misleading, each provider of credit uses...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: “International credit report” for French nationals? ### Answer: I'm not aware that any US bank has any way to access your credit rating in France (especially as you basically don't have one!). In the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Rent home temporarily with new owner occupied loan ### Answer: I'm assuming this is the US. Is this illegal? Are we likely to be caught? What could happen if caught? If you sign an occupancy affidav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: car loan life insurance ### Answer: This greatly depends on the local laws and the insurance contract terms. If I remember correctly, my own life insurance policy does also have special terms in case ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculate a weekly payment on a loan when payment is a month away ### Answer: Using the standard loan formula with 21% APR nominal, compounded weekly. Calculate an adjusted loan start value by adding ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculate a weekly payment on a loan when payment is a month away ### Answer: At time = 0, no interest has accrued. That's normal. And the first payment is due after a month, when there's a month's in...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Calculate a weekly payment on a loan when payment is a month away ### Answer: You'd have to look at the terms of the loan to be sure, but if the interest compounds weekly then you'd have to calculate ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I have to repay the First-Time Homebuyers tax credit if I refinance? ### Answer: The Homebuyers Tax Credit was unrelated to whether or not a mortgage was part of the purchase. You will have no issu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I have to repay the First-Time Homebuyers tax credit if I refinance? ### Answer: No. As long as you live in the house for 3 years, it's yours to keep. Financing has nothing to do with that. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I get a mortgage I can't afford? ### Answer: Honestly I would look for a house you can afford and one that is below the maximum amount of what they are willing to lend you. The reason is owni...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I get a mortgage I can't afford? ### Answer: You might also want to talk directly to a bank. If your credit report is clean, they may have some discretion in making the loan. Note - the 'norm...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I get a mortgage I can't afford? ### Answer: Save up a bigger downpayment. The lender's requirement is going to be based on how much you finance, not the price of the house. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I get a mortgage I can't afford? ### Answer: If you can't afford it don't buy it, the next perfect house is just around the corner. The more time you spend researching and looking at houses, t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I get a mortgage I can't afford? ### Answer: You can ask the buyer to lower the price by the amount you are approved for and negation transferring the amount to him via a escrow.. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I co-signed a car but i am listed as the primary account holder for the loan ### Answer: The buyer can get another cosigner or you can sell the car to pay off the loan. These are your only options if ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I co-signed a car but i am listed as the primary account holder for the loan ### Answer: First of all you do not "co-sign a car". I assume what you mean by this is that you co-signed a loan, and the m...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where to find site with earnings calendar? ### Answer: Google finance will allow you to import earnings report dates directly to your Google calendar. See screenshot with calendar import button circle...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: best free web app or tools to track one's cash flow ### Answer: The answer to this question can be found in the related question Is there any online personal finance software without online banking?...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Historical stock prices: Where to find free / low cost data for offline analysis? ### Answer: Go to http://finance.google.com, search for the stock you want. When you are seeing the stock information...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Historical stock prices: Where to find free / low cost data for offline analysis? ### Answer: You may refer to project http://jstock.sourceforge.net. It is open source and released under GPL. It is f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Historical stock prices: Where to find free / low cost data for offline analysis? ### Answer: I also searched for some time before discovering Market Archive, which AFAIK is the most affordable optio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Historical stock prices: Where to find free / low cost data for offline analysis? ### Answer: I also prefer to crunch the numbers myself. Here are some resources: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Historical stock prices: Where to find free / low cost data for offline analysis? ### Answer: There are several Excel spreadsheets for downloading stock quotes (from Yahoo Finance), and historical ex...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Book or web site resources for an absolute beginner to learn about stocks and investing? ### Answer: The Motley Fool's How to Invest How To Invest Benjamin Graham's The Intelligent Investor The Intel...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Book or web site resources for an absolute beginner to learn about stocks and investing? ### Answer: If you just want to save for retirement, start with a financial planning book, like this one: http...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Book or web site resources for an absolute beginner to learn about stocks and investing? ### Answer: There is only one book worth reading in my opinion: One Up on Wall Street. It's short and no other...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Book or web site resources for an absolute beginner to learn about stocks and investing? ### Answer: The Winning Investor http://winninginvestor.quickanddirtytips.com/ This is a blog and a podcast. L...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Book or web site resources for an absolute beginner to learn about stocks and investing? ### Answer: Los Angeles Times Investing 101 http://www.latimes.com/business/la-moneylib,0,3098409.htmlstory Cl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I find the nominal price of a stock prior a split into multiple companies? ### Answer: When Hewlett Packard split they changed their name to HP Inc. and spun off Hewlett Packard Enterprise a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Where can I find the nominal price of a stock prior a split into multiple companies? ### Answer: Yahoo Finance provides the proper closing price. HP's historical data around the split date can be fou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to buy out one person's share of a jointly owned vehicle with the lowest taxes and fees ### Answer: You should be able to refinance the vehicle and have the financing in just your name (assuming y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best use of “spare” money? ### Answer: nan ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best use of “spare” money? ### Answer: Congratulations! You're making enough money to invest. There are two easy places to start: I recommend against savings accounts because they will qui...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best use of “spare” money? ### Answer: With 40% of your take-home available, you have a golden opportunity here. Actually two, and the second builds out easily from the first. Golden Oppo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best use of “spare” money? ### Answer: You may also want to consider short term, low risk investments. Rolling Certificate of Deposits can be good for this. They don't grow like an Index F...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best use of “spare” money? ### Answer: There's a hellova lot to be said for investing in real estate (simple residential real estate), even though it's grandma's advice. The two critical e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the best use of “spare” money? ### Answer: Investing in mutual funds, ETF, etc. won't build a large pool of money. Be an active investor if your nature aligns. For e.g. Invest in buying out a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a house for a shorter term ### Answer: To answer your question, you need to ask yourself Common transaction costs can be really hard to compensate in a single year. It can include house inspec...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a house for a shorter term ### Answer: If there are a lot of houses for sale, can you be sure that in a year or two you can sell yours? How long does the average house in that area stay on the ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a house for a shorter term ### Answer: There are two main factors at play to consider. Also, realize that no advice is universal. You need to evaluate your exact situation and do what is best...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a house for a shorter term ### Answer: When on this topic, you'll often hear general rules of thumb. And, similar to the 'only buy stocks if you plan to hold more than X years' there are going ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why not pay in full upfront for a car? ### Answer: In general I'd say, yeah, if you can pay cash, pay cash. If you pay cash, then by definition you pay zero interest. If you get a loan, you'll pay int...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why not pay in full upfront for a car? ### Answer: Possible (unlikely) reasons: But usually, yeah, if you can pay cash, you should. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why not pay in full upfront for a car? ### Answer: You need to do the maths exactly. The cost of buying a car in cash and using a loan is not the same. The dealership will often get paid a significant...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why not pay in full upfront for a car? ### Answer: Two adages come to mind. Never finance a depreciating asset. If you can't pay cash for a car, you can't afford it. If you decide you can finance at a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why not pay in full upfront for a car? ### Answer: There many car loans at zero percent interest. Finance the car at zero percent, then take your money and invest it. If you want to be super safe bu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying for things on credit and immediately paying them off: any help for credit rating? ### Answer: One of the factors of a credit score is the "length of time revolving accounts have been establishe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Paying for things on credit and immediately paying them off: any help for credit rating? ### Answer: The biggest risk is Credit Utilization rate. If you have a total of $10,000 in revolving credit (i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should my brother and I structure our real estate purchase? ### Answer: Because this question seems like it will stick around, I will flesh out my comments into an actual answer. I apologize if th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should my brother and I structure our real estate purchase? ### Answer: While I agree with the existing bulk of comments and answers that you can't tell the lender the $7k is a gift, I do think yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should my brother and I structure our real estate purchase? ### Answer: We’re buying the home right over $200,000 so that means he will only need to put down (as a ‘gift’) roughly $7000. I'm with ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a car - advice needed ### Answer: I would actually disagree with MrChrister on this. You can afford yourself the car in this price range paid cash. I don't know how exactly you spend your incom...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Buying a car - advice needed ### Answer: If it costs more to fix the car than the car is worth, then those repairs are not worth it. Hit craigslist and look for another junker that runs, but is in yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much does a landlord pay in taxes? ### Answer: how much taxes would I pay on my income from the rent they would pay me? The same as on any other income. California doesn't have any special taxes f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much does a landlord pay in taxes? ### Answer: I'd recommend you use an online tax calculator to see the effect it will have. To your comment with @littleadv, there's FMV, agreed, but there's also...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much does a landlord pay in taxes? ### Answer: I use a spreadsheet for that. I provide house value, land value, closing/fix-up costs, mortgage rate and years, tax bracket, city tax rate, insuran...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What were the main causes of the spike and drop of DRYS's stock price? ### Answer: Because it's a declining company and used as an institutional sized pump and dump with a new toxic financing every we...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a bank statement be submitted as a proof of investment? ### Answer: Probably not. A debit of 50K in your Bank statement does not mean that its invested into tax saving instrument. This question is...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Google free real-time stock quotes ### Answer: Previously, Google had a delayed update for their stock prices (15 minutes I believe). That change enabled users of Google Finance to see updates to stoc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Interest on Amount Exceeding CC Balance? ### Answer: In the US, if your monthly statement was issued by the credit card company on January 1 and it showed a balance of $1000, then a payment must be ma...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Interest on Amount Exceeding CC Balance? ### Answer: The best answer to this is: Read the fine print on your credit card agreement. What is common, at least in the US, is that you can make any charges...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can somebody explain “leveraged debt investment positions” and “exposures” in this context for me, please? ### Answer: Exposure is the amount of money that you are at risk of losing on a given positio...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Question about large capital gain ### Answer: How much Federal Capital Gains, NYS Income tax and local tax should I expect to pay? You're going to net about 2.4 millions of dollars. Federal long term ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the 'real' monthly cost of a car? ### Answer: How can I find out what these 'additional' costs will be when looking to buy a car? If you know what model you're interested in buying you can try...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to plan in a budget for those less frequent but mid-range expensive buys? ### Answer: You would simply plan for misc. expenses in your budget, and allocate a small amount to this every time you do...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to plan in a budget for those less frequent but mid-range expensive buys? ### Answer: I use a "sinking" fund. If you want to buy a $1000 bicycle, you put $100 per month into a savings account. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to plan in a budget for those less frequent but mid-range expensive buys? ### Answer: Personally I solve this by saving enough liquid capital (aka checking and savings) to cover pretty much everyt...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to plan in a budget for those less frequent but mid-range expensive buys? ### Answer: We have what we call "unallocated savings" that go into a fund for this purpose. We'll also take advantage of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do individual stocks have futures trading ### Answer: There's a market for single stock futures. The market (however small) is OneChicago, "an Equity Finance Exchange offering security futures produc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do individual stocks have futures trading ### Answer: As others have pointed out, they do in fact exist. But it may be worth pointing out a possible reason that they are not as popular as commodities...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do individual stocks have futures trading ### Answer: Things very similar to the idea of a "future" that routinely apply to single stocks are "warrants" and "options". ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do individual stocks have futures trading ### Answer: There is indeed a market for single stock futures, and they have been trading on the OneChicago exchange since 2002. Futures are available in 12,5...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What percent of a company are you buying when you purchase stock? ### Answer: What percent of a company are you buying when you purchase stock? The percent of a company represented by a single share c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What percent of a company are you buying when you purchase stock? ### Answer: As you can see at https://www.google.com/finance?q=NASDAQ%3AAAPL the number of apple shares at this very moment is 5.25B, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What percent of a company are you buying when you purchase stock? ### Answer: Your question has already been answered, you divide the amount of shares you own * 100% by the total amount of shares. How...