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<|im_start|>user Generate the answer for the following question Is it wise to invest small amounts of money short-term? <|im_end|> <|im_start|>assistant Even straight index funds grow at about 6-7%. on average, or over long periods of time. In short time periods (quarters, years), they can fluctuate anywhere from -10...
<|im_start|>user Generate the answer for the following question Job Offer - Explain Stock Options [US] <|im_end|> <|im_start|>assistant Since the 2 existing answers addressed the question as asked. Let me offer a warning. You have 10,000 options at $1. You've worked four years and the options are vested. The stock is ...
<|im_start|>user Generate the answer for the following question Friend was brainwashed by MLM-\/ponzi investment scam. What can I do? <|im_end|> <|im_start|>assistant Chances are high your friend isn't in it for the money, but the community or some vague dream of having a future income-generating side business because...
<|im_start|>user Generate the answer for the following question What percentage of my portfolio should be in individual stocks? <|im_end|> <|im_start|>assistant I find the question interesting, but it's beyond an intelligent answer. Say what you will about Jim Cramer, his advice to spend "an hour per month on each st...
<|im_start|>user Generate the answer for the following question For very high-net worth individuals, does it make sense to not have insurance? <|im_end|> <|im_start|>assistant The point of insurance is to trade high variable costs for much lower fixed costs. The question isn't whether you can afford what would be a ca...
<|im_start|>user Generate the answer for the following question Using stop-loss as risk management: Is it safe? <|im_end|> <|im_start|>assistant A stop-loss order becomes a market order when a trade has occurred at or below the trigger price you set when creating the order. This means that you could possibly end up se...
<|im_start|>user Generate the answer for the following question How can someone invest in areas that require you to be an accredited investor [without qualifying as an accredited investor]? <|im_end|> <|im_start|>assistant Unfortunately it is not possible for an ordinary person to become an accredited investor without...
<|im_start|>user Generate the answer for the following question Is this follow-up after a car crash a potential scam? <|im_end|> <|im_start|>assistant You wouldn't pay what the quote says, you would pay what the bill says. If the car is used as a taxi then either it's done illegally and not your problem, or they have ...
<|im_start|>user Generate the answer for the following question For what dates are the NYSE and U.S. stock exchanges typically closed? <|im_end|> <|im_start|>assistant Stumbled upon this question, I've found the updated dates for 2016 and 2017 in a more permanent location. https:\/\/www.nyse.com\/markets\/hours-calend...
<|im_start|>user Generate the answer for the following question How can I figure out how a stock's price would change after I buy shares? <|im_end|> <|im_start|>assistant It depends on many factors, but generally, the bid\/ask spread will give you an idea. There are typically two ways to buy (or sell) a security: With...
<|im_start|>user Generate the answer for the following question What should I be doing to protect myself from identity theft? <|im_end|> <|im_start|>assistant I believe the answer is that to protect yourself it is good to get credit protection so you will be notified when new credit is taken in your name. Also, you ...
<|im_start|>user Generate the answer for the following question I'm only spending roughly half of what I earn; should I spend more? <|im_end|> <|im_start|>assistant Looks like you don't want to participate in the consumerist rush but feel that you just have to do that too. First of all, you don't have to do what you d...
<|im_start|>user Generate the answer for the following question As a 22-year-old, how risky should I be with my 401(k) investments? <|im_end|> <|im_start|>assistant +1 on all the answers above. You're in a great position and have the right attitude. A good book on the subject is A Random Walk Down Wall Street - well w...
<|im_start|>user Generate the answer for the following question $700 guaranteed to not be touched for 15 years+, should I put it anywhere other than a savings account? <|im_end|> <|im_start|>assistant If you plan on holding the money for 15 years, until your daughter turns 21, then advanced algebra tells me she is 6 y...
<|im_start|>user Generate the answer for the following question First time home buyer. How to negotiate price? <|im_end|> <|im_start|>assistant Whether applying for a job or buying a house, Offer a more specific price like $72,500, which tells them you thought hard about the price. $70K is too 'round' of a number. Add...
<|im_start|>user Generate the answer for the following question What is a reasonable rate of return and fee structure for a Roth IRA? <|im_end|> <|im_start|>assistant A Roth IRA is just an account wrapper. Inside a Roth IRA you can have a plain 0.1% savings account, or a brokerage account, or an annuity or whatever. ...
<|im_start|>user Generate the answer for the following question How do I figure out the market value of used books? <|im_end|> <|im_start|>assistant Half of original MSRP at Amazon is a good option for books that are in good condition. Another option would be to use eBay, specifically Half.com. <|im_end|>
<|im_start|>user Generate the answer for the following question How to reconcile these contradictory statements about the effect of volume on stock price? <|im_end|> <|im_start|>assistant These statements aren't necessarily contradictory. In the first case, investors are bearish because they anticipate selling in the ...
<|im_start|>user Generate the answer for the following question How can I stop a merchant from charging a credit card processing fee? <|im_end|> <|im_start|>assistant This might not be the answer you are looking for, but the alternative to "don't patronize these merchants" is this: DO patronize these merchants, and pa...
<|im_start|>user Generate the answer for the following question Where do expense ratios show up on my statement? <|im_end|> <|im_start|>assistant For Vanguard: Vanguard does compare its fees with similar funds from its competitors on this tab, but then again, this is Vanguard giving you this information, so take with ...
<|im_start|>user Generate the answer for the following question Deposit a cheque in an alternative name into a personal bank account (Australia) <|im_end|> <|im_start|>assistant You don't have much choice other than to open an account in your business name, then do a money transfer, as @DJClayworth says. You will not...
<|im_start|>user Generate the answer for the following question What is the most effective saving money method? <|im_end|> <|im_start|>assistant A trick that works for some folks: "Pay yourself first." Have part of your paycheck put directly into an account that you promise yourself you won't touch except for some sp...
<|im_start|>user Generate the answer for the following question Why are the banks and their customers in the United States still using checks? [duplicate] <|im_end|> <|im_start|>assistant Check use is declining here too, but it still has some practical advantages over electronic means: <|im_end|>
<|im_start|>user Generate the answer for the following question Can I claim a tax deduction for working from home as an employee? I work there 90% of the time <|im_end|> <|im_start|>assistant The short answer is yes you probably can take the deduction for a home office because the space is used exclusively and you are...
<|im_start|>user Generate the answer for the following question Why is OkPay not allowed in the United States? <|im_end|> <|im_start|>assistant If you read the link that MD-Tech provided, it actually indicates that the foreign companies (mostly banks) are choosing not to work with the United States in their latest ans...
<|im_start|>user Generate the answer for the following question If accepting more than $10K in cash for a used boat, should I worry about counterfeiting? <|im_end|> <|im_start|>assistant The only issue I can see is that the stranger is looking to undervalue their purchase to save money on taxes\/registration (if appli...
<|im_start|>user Generate the answer for the following question Where to deduct gambling losses? <|im_end|> <|im_start|>assistant 1: Gambling losses not in excess of gambling winnings can be deducted on Schedule A, line 28. See Pub 17 (p 201). Line 28 catches lots of deductions, and gambling losses are one of them. ...
<|im_start|>user Generate the answer for the following question What's the difference between a high yield dividend stock vs a growth stock? <|im_end|> <|im_start|>assistant If you are looking to re-invest it in the same company, there is really no difference. Please be aware that when a company announces dividend, yo...
<|im_start|>user Generate the answer for the following question Can a credit card company raise my rates for making a large payment? <|im_end|> <|im_start|>assistant No. Credit card companies will typically not care about your individual credit card account. Instead they look either at a "package" of card accounts ope...
<|im_start|>user Generate the answer for the following question How does a brokerage firm work? <|im_end|> <|im_start|>assistant Brokerages offer you the convenience of buying and selling financial products. They are usually not exchanges themselves, but they can be. Typically there is an exchange and the broker sends...
<|im_start|>user Generate the answer for the following question Why are some funds only recommended for investors starting out? <|im_end|> <|im_start|>assistant I am a firm believer in TD's e-series funds. No other bank in Canada has index funds with such low management fees. Index funds offer the flexibility to re-...
<|im_start|>user Generate the answer for the following question What is the correct way to report incentive stock options (ISO) on federal taxes? <|im_end|> <|im_start|>assistant I'm assuming this was a cashless exercise because you had income show up on your w-2. When I had a similar situation, I did the following: I...
<|im_start|>user Generate the answer for the following question Tax withheld by USA working in UK (Form 1042-S and Form 1099) <|im_end|> <|im_start|>assistant Why was I sent both 1042-S and 1099. Which amount is the right amount that has been withheld. Generally, each tax form you get will be about a separate income; ...
<|im_start|>user Generate the answer for the following question Should you co-sign a personal loan for a friend\/family member? Why\/why not? <|im_end|> <|im_start|>assistant My thoughts on loaning money to friends or family are outlined pretty extensively here, but cosigning on a loan is a different matter. It is al...
<|im_start|>user Generate the answer for the following question Should a high-school student invest their (relative meager) savings? <|im_end|> <|im_start|>assistant Nobody has mentioned your "risk tolerance" and "investment horizon" for this money. Any answer should take into account whether you can afford to lose i...
<|im_start|>user Generate the answer for the following question Buying insurance (extended warranty or guarantee) on everyday goods \/ appliances? <|im_end|> <|im_start|>assistant On most of the consumer electronics it would not make much sense to get Insurance. Mostly these are not priced right [are typically priced ...
<|im_start|>user Generate the answer for the following question Why are for-a-fee wires faster than 2+ day free ACH <|im_end|> <|im_start|>assistant ACH transfers are the evolution of paper check clearing houses. Transactions are conducted in bulk and do not immediately settle -- the drawer and drawee still retain lia...
<|im_start|>user Generate the answer for the following question Are there cons to paying monthly bills with a rewards card and then paying it off monthly? <|im_end|> <|im_start|>assistant There are hidden costs to using rewards cards for everything. The credit card company charges fees to the merchant every time you m...
<|im_start|>user Generate the answer for the following question Avoid Capital Gains on Rental <|im_end|> <|im_start|>assistant What you are looking for is a 1031 exchange. https:\/\/www.irs.gov\/uac\/like-kind-exchanges-under-irc-code-section-1031 Whenever you sell business or investment property and you have a gain, ...
<|im_start|>user Generate the answer for the following question Options strategy - When stocks go opposite of your purchase? <|im_end|> <|im_start|>assistant Robert is right saying that options' prices are affected by implied volatility but is wrong saying that you have to look at the VIX index. For two reasons: 1) t...
<|im_start|>user Generate the answer for the following question Acquiring first office clothes <|im_end|> <|im_start|>assistant Sounds like you're a man, so you're in luck. Our formalwear all looks similar enough that you can get by on a very short rotation. You can buy 1 pair of decent slacks in a versatile color lik...
<|im_start|>user Generate the answer for the following question How can a 'saver' maintain or increase wealth in low interest rate economy? <|im_end|> <|im_start|>assistant I think this is a good question with no single right answer. For a conservative investor, possible responses to low rates would be: Probably the ...
<|im_start|>user Generate the answer for the following question Merchant dispute with airline over missed flight, and which credit cards offer protection? <|im_end|> <|im_start|>assistant You have no grounds for a refund. The flight took off on time, and you chose not to be on board. The fact that the airline could no...
<|im_start|>user Generate the answer for the following question Does investing in a company support it? <|im_end|> <|im_start|>assistant We're not "helping" the company in a comparable sense to donating money to a non-profit. As you wrote, investing in a company deals with ownership and in a sense, becoming a part ow...
<|im_start|>user Generate the answer for the following question Put-Call parity - what is the difference between the two representations? <|im_end|> <|im_start|>assistant Well, the first one is based on the "Pert" formula for continuously-compounded present value, while the second one is the periodically-compounded va...
<|im_start|>user Generate the answer for the following question How to calculate PE ratios for indices such as DJIA? <|im_end|> <|im_start|>assistant The official source for the Dow Jones P\/E is Dow Jones. Unfortunately, the P\/E is behind a pay-wall and not included in the free registration. The easiest (but only a...
<|im_start|>user Generate the answer for the following question Interactive Brokers Margin Accounts <|im_end|> <|im_start|>assistant You have to call Interactive Brokers for this. This is what you should do, they might even have a web chat. These are very broker specific idiosyncrasies, because although margin rules a...
<|im_start|>user Generate the answer for the following question What is the fastest way to retire, using passive income on real estate <|im_end|> <|im_start|>assistant It is worth noting first that Real Estate is by no means passive income. The amount of effort and cost involved (maintenance, legal, advertising, ins...
<|im_start|>user Generate the answer for the following question Will getting a new credit card and closing another affect my credit? <|im_end|> <|im_start|>assistant I once called Amex to cancel a card with an annual fee. Instead, they were able to give me a different card with no fee. They were happy to do it. Of cou...
<|im_start|>user Generate the answer for the following question How to share income after marriage and kids? <|im_end|> <|im_start|>assistant I think the problem is that you've made a math error. This child would not be costing you 300 per month, it will be costing you 1400 per month. 1100 of this is in a donation of...
<|im_start|>user Generate the answer for the following question In what state should I register my web-based LLC? <|im_end|> <|im_start|>assistant Is it really necessary? If $800 \/ year registration fee is too much to you, an LLC is apparently not something you need right now. Many people conduct web-based business o...
<|im_start|>user Generate the answer for the following question How hard for US customers make payments to non-resident freelancer by wire transfer? <|im_end|> <|im_start|>assistant Can you tell me please, is it really hard to make international wire transfer for payment my job and can i resolve this problem without u...
<|im_start|>user Generate the answer for the following question Is the Chrysler extended warranty coverage worth it? <|im_end|> <|im_start|>assistant I haven't looked at that warranty in detail, but generally speaking this should help. What is GAP insurance? In the case of a total loss\/write off gap insurance covers ...
<|im_start|>user Generate the answer for the following question How to choose a good 401(k) investment option? <|im_end|> <|im_start|>assistant The vanguard funds are all low fee your employer has done a good job selecting their provider for 401(k). I would do a roth if you can afford it as taxes are at a historical ...
<|im_start|>user Generate the answer for the following question Is a naked put really that risky <|im_end|> <|im_start|>assistant So, yes, you may be having the inevitable epiphany where you realize that options can synthetically replicate the same risk profile of owning stock outright. Allowing you to manipulate risk...
<|im_start|>user Generate the answer for the following question Did basically all mutual funds have a significant crash in 2008? <|im_end|> <|im_start|>assistant The literal answer to your question is that a number of different types of mutual funds did not have significant downturns in 2008. Money Market Funds are in...
<|im_start|>user Generate the answer for the following question If something is coming into my account will it be debit or credit in my account? <|im_end|> <|im_start|>assistant If you are considering this to be an entry for your business this is how you would handle it.... You said you were making a balance sheet for...
<|im_start|>user Generate the answer for the following question Saving $1,000+ per month…what should I do with it? <|im_end|> <|im_start|>assistant Since you already have an emergency fund in place, focus your extra funds on paying off debts like student loans. While some have advised you to play the stock market, not...
<|im_start|>user Generate the answer for the following question How to choose a company for an IRA? <|im_end|> <|im_start|>assistant The fees for Vanguard and Fidelity IRA housing cannot be lower, because they are zero. Depending on the fund you invest in, one or the other will have pretty low fees and are often the ...
<|im_start|>user Generate the answer for the following question How to divide a mortgage and living area fairly? <|im_end|> <|im_start|>assistant I think what you have here is actually TWO agreements with your sister, and explicitly splitting it into two agreements will bring some clarity. The first is ownership of an...