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How to calculate PE ratios for indices such as DJIA?
You could look up the P/E of an equivalent ETF, or break the ETF into components and look those up. Each index has its own methodology, usually weighted by market cap. See here: http://www.amex.com/etf/prodInf/EtAllhold.jsp?Product_Symbol=DIA
1. Can you open a bank account in another country? 2. Do you have anyone you trust who would be willing to send the money to you? 3. Can you deposit USD checks? If so, you could have Paypal send a check to a US address (again you'd probably need a friend).
I recently bought a 3 month, $500 "Share Certificate" from a Federal Credit Union that I am a member of. I did this as an experiment mostly. They list an APY, a dividend rate, and a term length... but that's it. I have no idea how they calculate how much money I get and how often I get. I've done some searching a...
[With regard to Plus loans][1] (school loans in the US backed by the government) No credit is better than bad credit. They require that you do not have an "adverse credit history" > **How do Federal Student Loans use Credit Scores?** > The Stafford, Perkins and PLUS loans > do not depend on your credit score. ...
I've seen both Share Certificates and Certificates of Deposits available. Are they the same thing? Do they have different names based on whether they are offered at a bank or credit union? Does one name typically mean a different legal structure or payment structure?
Is there a difference betwee a Share Certificate and a CD?
The official source for the Dow Jones P/E is [Dow Jones](http://www.djaverages.com/?view=subscription&page=data-offerings). Unfortunately, the P/E is behind a pay-wall and not included in the free registration. The easiest (but only approximate) solution is to track against an equivalent ETF. Here's a list of p...
Is it true that you can increase your score by applying for more cards? Do you need to be active on those cards for that to work? Thanks a lot.
More credit cards for better credit score?
Should I apply for more credit cards in order to improve my credit score?
How do share certificates work?
Does anybody use a personal assistant, virtual (like asksunday.com) or in-person to manage personal finances? If so what is your experience like? My situation is fairly complex and i'd like to save those few hours a month. I just don't feel comfortable releasing so much personal information to somebody (especially fore...
Until now I've kept all my bills, but it's too paper. Gas, Water, Electricity, telephone, etc. Why is it a good idea to keep them? For how long should I keep them?
Until now I've kept all my bills, but it's too much paper. Gas, Water, Electricity, telephone, etc. Why is it a good idea to keep them? For how long should I keep them?
How long should I keep my bills?
Shred it all. You might want to keep a record going back at most a year, just in case. But just in case of what? What is a good idea is to have an electronic record. It's a good practice to know how your spending changes over time. Beyond that, it's just a fire hazard. The thing is, I know I'm right in the abov...
I'd imagine you want to keep the utility bills around to dispute any historical billing errors or anomalies for perhaps 6 months to a year. Beyond that, you always have the financial records of *making* the payments -- namely, your bank statements. So what benefit is there in keeping the paper receipts for utilit...
Proper 2BRs start at $500k in our neighborhood. We're looking at buying, but I'm leery of the $100k downpayment. It would reduce our savings to 50k liquid and 75k in retirement. I can easily afford just putting down 5% and paying the extra interest rate and PMI. However, is this a smart thing to do? I have th...
What are the state and county taxes for refinancing a mortgage in Virginia?
Should I wait to save up 20% downpayment on a 500k condo?
For the last 2 months both Gilt (UK government bonds) and UK commercial bond prices have increased. Many commentators have said the flight to government debt is a response to stock market uncertainty, but that doesn't explain the increase in commercial bond prices. You might expect to see bond prices increase when inte...
Why are both government and commercial bond prices rising?
The county and state recordation taxes and fees in Virginia are mostly the same across the state, however I'm not sure if individual counties levy additional fees. ### Refinancing with the same lender ### If you refinance a mortgage in Virginia with the same lender, then you only have to pay recordation taxes on th...
As I've crunched numbers towards what my family could afford for a down payment (in an area with similar housing costs - don't you hate that high cost of living?), I've come up with the following numbers: - Six months of living expenses at our projected budget with housing costs included (right now our housing cost...
I think you really have to ask yourself if its worth it, the risk/reward. Can you trust a publicly traded company with your data in return for the analytics you can get back from them?
Can a merchant charge you more if you want to use a credit card?
Nobel laureate economist, Paul Krugman, wrote a piece many moons ago about economic expansion and money supply. As an illustration of how money supply affects the economy, he used the example of a baby-sitting co-op. While simplistic, it provides an easy to grasp notion of how printing money and restricting it (e.g. ...
Will there be enough money in the Canada Pension Plan (CPP) to cover baby boomer retirement?
I've heard this old chestnut from various people over the years but have never been able to find any solid information on the process and thus, never put it to the test. The claim is that if you plan to save/invest a significant portion of your income (which I do), you can incorporate, pay yourself whatever income y...
Can a limited corporation be used as an income tax shelter?
I'm guessing a lot of people from SO are on here too. I've just graduated with my Masters and working in my first job (in the US). Luckily enough, I haven't got much in terms of student loans (primarily because my undergrad was completely in India). As something of a personal principle, I decided I'd try my luck at ent...
Investment strategies for young people? (read: programmers)
I've just graduated with my Masters and working in my first job (in the US). Luckily enough, I haven't got much in terms of student loans (primarily because my undergrad was completely in India). As something of a personal principle, I decided I'd try my luck at entrepreneurship in 2-3 years. What would the ideal i...
Investment strategies for young adults with entrepreneurial leanings?
I just graduated with my Masters and I'm working at my first job (in the US). Luckily enough, I don't have much in terms of student loans (primarily because my undergrad was completed in India). As something of a personal principle, I decided I would try my luck at entrepreneurship in 2-3 years. What would the idea...
I am referring to [this question][1]. My situation is similar, except that I am in Malaysia rather than US. In US it is understood that > it's part of their merchant agreement > that they can not charge a fee for a > customer paying with credit card. However, is this agreement extensible to other c...
Is "No Extra Charging" a Universal Law When Comes to Credit Card Purchase? [Malaysia]
I am referring to [this question][1]. My situation is similar, except that I am in Malaysia rather than US. In US it is understood that > it's part of their merchant agreement > that they can not charge a fee for a > customer paying with credit card. However, is this agreement extensible to other countries...
Is the no surcharge rule universal with regard to credit card purchases?
If you are an entrepreneur, and you are looking forward to strike on your own ( the very definition of entrepreneur) **then I suggest that you don't invest in anything except your business and yourself.** You will need all the money you have when you launch your business. There will be times when your revenue won't ...
I need an account outside of Croatia where I live in, to link it with PayPal to be able to gather income generated by it. I would like to avoid USA banks, and in fact, I would like to find the general principal on how to fund such banks or service providers. I found some information here: http://answers.google.c...
A fair number of micro-finance organisations have been listing recently and appear to be offering good yields. So you could simply buy their stock rather than investing directly. [SKS][1] is an Indian micro-financier that went public just a few weeks ago. The interest rates charged can be extremely high to match...
Not knowing anything about your situation or what makes it so complex, I would have to agree with the other commenters. If your accountant screws up your business goes under, but at least your personal finances are safe from that and you'll recover (unless all your wealth is tied up in your business). If your virtual...
I'm 23 right now, and I'm currently contributing about 6% of my salary to a 401(k) with an employer that matches 20% of my contribution up to 6%. Based on various calculators, continuing at this rate will probably give me something like $2-3 million by the time I'm 65 (depending on rate of return, annual increase, etc...
Any experience with maxing out 401(k)?
The biggest challenge as a young person maxing out a 401k in my opinion is the challenge of saving for a house, and (if necessary) paying off student loans. You have to consider - are you OK renting for the next 3, 5, 10 years? Or do you eventually want to buy a place? how much will that cost vs your current expense...
The biggest challenge as a young person maxing out a 401k in my opinion is the challenge of saving for a house, and (if necessary) paying off student loans. You have to consider - are you OK renting for the next 3, 5, 10 years? Or do you eventually want to buy a place? how much will that cost vs your current expense...
In Canada, can a limited corporation be used as an income tax shelter?
This isn't so much a legal issue, the prohibition on giving discounts was written into the merchant agreements that most of the major credit card companies enforced on people who took credit cards. That is, until the recent Financial Reform Bill (2010) passed Congress. It changes everything. (The logic on this is a ...
This isn't so much a legal issue, the prohibition on giving discounts was written into the merchant agreements that most of the major credit card companies enforced on people who took credit cards. That is, until the recent Financial Reform Bill (2010) passed Congress. It changes everything. (The logic on this is a ...
What exactly does it entail? Does it mean that if I originally had 50% in stocks and 50% in bonds and my stocks do amazingly well that I end up with 75% in stocks and 25% in bonds that I need to move money around to put it back at 50%/50%? What are the benefits of doing this? How often should it be done? Anyt...
Can someone explain the details of rebalancing a retirement portfolio?
I've seen both Share Certificates and Certificates of Deposit available. Are they the same thing? Do they have different names based on whether they are offered at a bank or credit union? Does one name typically mean a different legal structure or payment structure?
Is there a difference between a Share Certificate and a CD?
I recently bought a 3 month, $500 "Share Certificate" from a Federal Credit Union that I am a member of. I did this as an experiment mostly. They list an APY, a dividend rate, and a term length... but that's it. I have no idea how they calculate how much money I get and how often I get. I've done some searching a...
How do credit union "share certificates" work?
Difference between a (credit union) "share certificate" and a (bank) CD?
Explain the details and benefits of rebalancing a retirement portfolio?
What exactly does rebalancing entail? Does it mean that if I originally had 50% in stocks and 50% in bonds and my stocks do amazingly well that I end up with 75% in stocks and 25% in bonds that I need to move money around to put it back at 50%/50%? What are the benefits of doing this? How often should it be done...
I am an avid Quicken user, and I have pretty much every account, investment, liability, and asset tracked in it. I recently started purchasing gold and silver as an alternative, "backup" investment, and I'm not really sure how to track that in Quicken. Is there an official way to do such a thing? When I try to add ...
Tracking Gold and Silver (or any other commodity investment) in Quicken 2010?
I've been researching the concepts of "Infinite Banking", "Be Your Own Bank", etc., as they seem to be hot topics right now. At first, I was extremely skeptical about the concept, however, I believe I understand the mechanics of it now, and I understand the benefit. I'm at a loss about how to start such a thing, howeve...
"Infinite Banking" or "Be Your Own Bank" via Whole Life Insurance...where to start?
I've been researching the concepts of "Infinite Banking", "Be Your Own Bank", etc., as they seem to be hot topics right now. At first, I was extremely skeptical about the concept, however, I believe I understand the mechanics of it now, and I understand the benefit. I'm at a loss about how to start such a thing, howeve...
I'm looking at Kelly Blue Book values for top business class sedans and they depreciate like crazy. For example: >BMW 7 2010 : $82,000 - $137,000 >BMW 7 2001 : $11,500 - $15,050 >------- >Merc S 2010 : $91,600 - $149,700 >Merc S 2001 : $11,950 - $17,000 >--- >Audi A8 2010 : $74,550 - $78,400 >Au...
Luxury 10 y.o. cars for 15% price. What's the catch?
I'm looking at Kelly Blue Book values for top business class sedans and they depreciate like crazy. For example: >BMW 7 2010 : $82,000 - $137,000 >BMW 7 2001 : $11,500 - $15,050 >------- >Merc S 2010 : $91,600 - $149,700 >Merc S 2001 : $11,950 - $17,000 >--- >Audi A8 2010 : $74,550 - $78,400 >Au...
Why do 10 year-old luxury cars lose so much value?
I had purchased a Canadian [Labour Sponsored Investment Fund (LSIF)][1] back in 2001 – a terrible, *terrible* idea, and I've learned my lesson well since then. The underlying investments were awful, and the fees worse. Anyway, at that time, my broker had sent me a copy of the original **mutual fund prospectus...
Lost original prospectus for a Canadian mutual fund I bought. Where can I find another copy?
I had purchased a Canadian [Labour Sponsored Investment Fund (LSIF)][1] back in 2001 – a terrible, *terrible* idea, and I've learned my lesson well since then. The underlying investments were awful, and the fees worse. Anyway, at that time, my broker had sent me a copy of the original **mutual fund prospectus...
I am an avid Quicken user, and I have pretty much every account, investment, liability, and asset tracked in it. I recently started purchasing gold and silver as an alternative, "backup" investment, and I'm not really sure how to track that in Quicken. Is there an official way to do such a thing? When I try to add ...
I've been researching the concepts of "Infinite Banking", "Be Your Own Bank", etc., as they seem to be hot topics right now. At first, I was extremely skeptical about the concept, however, I believe I understand the mechanics of it now, and I understand the benefit. I'm at a loss about how to start such a thing, howeve...
I have an eight year old Kia Spectra that my wife is after me to replace -- but it hadn't been giving me any trouble at all. Soon after she started telling me I should replace it soon it started having problems; compressor, tires, and so on. How did she know? Anyway, so now I'm looking -- not ready to buy yet, but...
**Indices tracking ETFs** * DIAMDONS Trust I (ticker: DIA) tracks DJIA * SPDRs (ticker: SPY) tracks S&P 500 * NASDAQ 100 Trust (ticker: QQQQ) tracks NASDAQ 100 * iShares Russell 2000 (ticker: IWM) tracks Russell 2000 * MidCap SPDRs (ticker: MDY) tracks S&P MidCap 400 * Total Stock Market...
Are the PEs of US indices below 7?
I am so tired of being surprised by how much I owe in taxes come Jan-April. How can I predict what I'll owe next year for this year's earnings?
How can I predict my tax bill for the current year?
How can I estimate my tax bill for the current year?
**Indices tracking ETFs** * DIAMDONS Trust I (ticker: DIA) tracks DJIA * SPDRs (ticker: SPY) tracks S&P 500 * NASDAQ 100 Trust (ticker: QQQQ) tracks NASDAQ 100 * iShares Russell 2000 (ticker: IWM) tracks Russell 2000 * MidCap SPDRs (ticker: MDY) tracks S&P MidCap 400 * Total Stock Market...
Where can you find historical PEs of US indices?
One option is to look at the [IRS Witholding Calculator][1] - As George Marian notes, this it by no means a perfect way to "estimate" how much you'll owe. Other key questions for you to answer: 1. Have you setup the proper number of deductions for you and your family? E.g. if you have a partner (wife or husban...
- [S&P 500 during 1936-2008][1] - [DOW indices, Russell 2000, S&P, Nasdaq Composite][2] - [S&P 500 graph, not trust-worthy the later years because S&P 500 did not exist that time!][3] - [PEs of different sectors][4] - [historical graph of S&P until 2005, again the last part is deduced some odd way][5] -...
How can I estimate my income tax bill for the current year?
**Internet sites** - [S&P 500 during 1936-2008][1] - [DOW indices, Russell 2000, S&P, Nasdaq Composite][2] - [S&P 500 graph, not trust-worthy the later years because S&P 500 did not exist that time!][3] - [PEs of different sectors][4] - [historical graph of S&P until 2005, again the last part is deduced so...
**Internet sites** - [S&P 500 during 1936-2008][1] - [DOW indices, Russell 2000, S&P, Nasdaq Composite][2] - [S&P 500 graph, not trust-worthy the later years because S&P 500 did not exist that time!][3] - [PEs of different sectors][4] - [historical graph of S&P until 2005, again the last part is deduced so...
**Internet sites** - [S&P 500 during 1936-2008][1] - [DOW indices, Russell 2000, S&P, Nasdaq Composite][2] - [S&P 500 graph, not trust-worthy the later years because S&P 500 did not exist that time!][3] - [PEs of different sectors][4] - [historical graph of S&P until 2005, again the last part is deduced so...
What does one need to do to get a wholesale ID number in order to buy items wholesale? Specifically, the items are materials (metals, gems, etc.) that will be fashioned into jewelry for resale, but on an extremely small scale. If possible, it would be preferable to avoid creating an entity (LLC, etc.), but I'm...
How can I get a wholesaler ID number?
One option is to look at the [IRS Witholding Calculator][1] - As George Marian notes, this is by no means a perfect way to "estimate" how much you'll owe. Other key questions for you to answer: 1. Have you setup the proper number of deductions for you and your family? E.g. if you have a partner (wife or husban...
Keep in mind that the only advantage that using a tax favored account gives you is tax-free growth of the cash value of the policy. This "Infinite Banking" spin isn't some sort of new revolution in money management, its just a repackaging of techniques that people have been using for years to manage tax liability with ...
**Indices tracking ETFs** * DIAMONDS Trust I (ticker: DIA) tracks DJIA * SPDRs (ticker: SPY) tracks S&P 500 * NASDAQ 100 Trust (ticker: QQQQ) tracks NASDAQ 100 * iShares Russell 2000 (ticker: IWM) tracks Russell 2000 * MidCap SPDRs (ticker: MDY) tracks S&P MidCap 400 * Total Stock Market...
I've been writing checks this way for the last ~15 years or so: ![check with amount as numbers][1] Namely, the amount field is written using **numbers** like > 1,500 and 00/100 rather than the tedious, painful spelling out of > One Thousand Five Hundred and 00/100 99 times out of 100, this works fin...
Is it valid to write checks without spelling out the amount?
Also consider how cars fare under your ownership: Does your current car... - Have flecks of yellow paint on the bumper from that tight corner of the parking garage? - Have stains from baby vomit, pets, spilled coffee or oil marks from drive-in movie popcorn? - Have Scratches and dents? - Live outside, expo...
I have an eight year old Kia Spectra that my wife is after me to replace -- but it hadn't been giving me any trouble at all. Soon after she started telling me I should replace it soon it started having problems; compressor, tires, and so on. How did she know? Anyway, so now I'm looking -- not ready to buy yet, but...
There always seem to be tons of articles about maximizing the amount money in your 401ks and your IRAs, but there doesn't seem to be much talk about what happens to those accounts when you get to 59.5. I understand that the income tax on these accounts has been deferred, and when a person reaches retirement age the...
What happens to a tax defered retirement account when you reach retirement age?
I just sold some real estate and have $100k to invest. Where would you put it? I am in my early 30's with a house and a small child. Here are some options that I have considered: - Re-cast my mortgage - Re-finance my mortgage (currently upside-down) - Invest in a college fund for my children (possibly w/ a brok...