instruction stringlengths 15 21.6k |
|---|
What's the average credit limit? |
Zero? Seriously, if you want to have a credit card for whatever reason and pay it off every month, I'd look at how much I'd use and make sure I stay under 50% utilisation. I don't think there is an 'optimal available credit' as it is too dependent on individual circumstances. |
I have noticed that many things in finance are closed or proprietary like MSCI Barra World (an index that tracks stocks globally). I sense that there may be a huge amount of work to do with such index but I am still interested whether anyone has open-sourced or tried to open-source a world stock index. So does there ex... |
Is an open-sourced World Stock Index a pipe-dream? |
I think that any ETF is "open source" -- the company issues a prospectus and publishes the basket of stocks that make up the index.
The stuff that is proprietary are trading strategies and securities or deriviatives that aren't traded on the open market. Swaps, venture funds, hedge funds and other, more "exotic" der... |
> World?
The problem with `world portfolio` is that it is not well-defined. Providers use it as they wish and people use it as they wish, see some analysis about marketing and search results. But if you really want to get some `world portfolio`, perhaps, you could do it yourself but warning it is getting [harder][5]... |
> World?
The problem with `world portfolio` is that it is not well-defined. Providers use it as they wish and people use it as they wish, see some analysis about marketing and search results. But if you really want to get some `world portfolio`, perhaps, you could do it yourself but warning it is getting [harder][1]... |
> World?
The problem with `world portfolio` is that it is not well-defined. Providers use it as they wish and people use it as they wish, read the history for further ado (messy stuff). You can build yourself `world portfolio` but warning it is getting [harder][1]. You can use [this tool][2] by selecting `global equ... |
A proper *world porfolio* is a non-trivial task. No one answer exists which is the best one and *how* one should construct it.
> World?
The problem with `world portfolio` is that it is not well-defined. Providers use it as they wish and people use it as they wish, read the history for further ado (messy stuff). You... |
*The term bogleheadian is a bit ambiguous term but its simplification means low-cost, diversified, tax-efficient -- solutions. The slant is ETFs or index funds.*
William Bernstein wrote in some of his articles that during the past century the *world stock* market returned 4% return p.a., only US returned awesome 4.7... |
*The term bogleheadian is a bit ambiguous term but its simplification means low-cost, diversified, tax-efficient -- solutions. The slant is ETFs or index funds.*
William Bernstein wrote in some of his articles that during the past century the *world stock* market returned 4% return p.a., only US returned awesome 4.7... |
The only thing that comes to mind is a recent HBO Real Sports segment (http://www.youtube.com/watch?v=WDjkbgrgcmo) on a couple of NFL players who blew all of their money. Seeing how they've ended up might make the right impression, but given that your brother ran up $148K in debt, I'm not optimistic. |
This can be as complicated as you'd like to make it.
First, what was the downpayment? That has to come into play, right? The interest may be far more than the going rent or far less.
I'd think without any other detail, it's 50/50, and the owner who is out can sublet a roommate.
To better show this, what if the hou... |
I have noticed that many things in finance are closed or proprietary like MSCI Barra World (an index that tracks stocks globally). I sense that there may be a huge amount of work to do with such index but I am still interested whether anyone has open-sourced or tried to open-source a world stock index. So does there ex... |
Half `VTI` (Vanguard Total Stock Market ETF) and half `VEU` (Vanguard FTSE All-World ex-US ETF), and stop futzing. The US is roughly half the world market cap so this is like a total world equity index. Very low costs, something like 0.09% for `VTI`, possibly varying depending on your location.
I don't know what y... |
A while back I checked out [The Motley Fool](http://www.fool.com) while doing some research on mutual funds. I found their educational content to be a great overview of what to look for and started exploring. While The Motley Fool has a lot of great content, I'm not entirely comfortable with their incessant up-selling.... |
Can I trust the Motley Fool? |
Upselling you is how they make money. That's the price of the free content.
Test their recommendations. Pretend to buy the stocks they say. How do they do? Do they ever say to sell the stocks after their buy recommendations?
There are lots and lots of opinions out there. I doubt people really hear about the ... |
I moved from VA to PA in late May 2010. I continued working for the same company and got a raise during the move. I also became married in mid June 2010. I have to file state tax returns in both states this year. Personally, I earned about 1/3rd of my total income while living in VA as a single person, and the remainin... |
My brother has about 5 loans that he paying back and he thinks that another 5000 loan will "solve his problem".
He has been this way since he was young, he's now in his 30's.
I'm trying to find a way to explain to him that debt upon debt isn't the solution and he is going to have to spend 5-10 years paying back a... |
My brother has about 5 loans that he paying back and he thinks that another 5000 loan will "solve his problem".
He has been this way since he was young, he's now in his 30's.
I'm trying to find a way to explain to him that debt upon debt isn't the solution and he is going to have to spend 5-10 years paying back a... |
How about doing some calculations and show him how much he is paying for things he is buying on credit.Mix in some big and small purchases to show how silly it is on both.
**Some examples:**
- How much did you REALLY pay for that car when the financing costs are factored in?
- Show how much that $10 lunch will... |
I moved from VA to PA in late May 2010. I continued working for the same company and got a raise during the move. I also became married in mid June 2010. I have to file state tax returns in both states this year. Personally, I earned about 1/3rd of my total income while living in VA as a single person, and the remainin... |
I've moved from a poor, working-class state to a better-developed, middle-class state in the US.
Here's my problem: I'm having an extremely hard time adjusting to the price differences between the two states. Here in the new state, prices on items (more specifically, the housing market) can easily be three times as ... |
How do I adjust to a new social class? |
Under what conditions did you move? My favourite method of judging prices objectively comes from concepts written in [Your Money or Your Life](http://www.amazon.ca/Your-Money-Life-Joe-Dominguez/dp/0140286780) by Joe Dominguez. Essentially it normalizes money spent by making you figure out how much an item costs with re... |
I've moved from a poor, working-class state to a better-developed, middle-class state in the US.
Here's my problem: I'm having an extremely hard time adjusting to the price differences between the two states. Here in the new state, prices on items (more specifically, the housing market) can easily be three times as ... |
My bank is trying to sell me on switching to using a self-directed RRSP account. Right now, it doesn't make sense to me to do it, but it does look like an interesting investment option.
What are some general guidelines I should be following for self-directed RRSPs? When should I start looking at switching into one... |
Self directed RRSP - what are some good general guidelines on when to look at switching to one? |
I find it strange that they would actually recommend switching to a SD RSP. Most of the Big 5 banks would be happy to have you blindly invested in their high-fee mutual funds without even making you aware that the self-directed option exists.
In my view, there are a few very important things to consider:
1. **Wo... |
My FICO score dropped 100 points after my [incompetent utility company][1] posted false late payments. It had been 780 prior to the late payments.
I have a legitimate case but they are so bureaucratic and slow, my repeated calling and writing if proving futile. What is the best third party service or agency to go th... |
How can I get my incompetent utility company to remove late payments on my credit report? |
I am interested in seeking out local private companies that are interested in raising additional capitol by taking on limited partner investors. Is this something that even happens? Is this even a good idea? If so, what are some ideas on how to find and talk to said companies? |
How do I look for private limited partnership investment opportunities? (Or should I?) |
I am interested in seeking out local private companies that are interested in raising additional capital by taking on limited partner investors. Is this something that even happens? Is this even a good idea? If so, what are some ideas on how to find and talk to said companies?
edit: capitol -> capital |
Sorry to hear that, man.
I don't really know what your recourse is, though. The way they see it is that you provided service, and you didn't pay. (Would you disagree with this? Based on what I've read here and on the other site, I wouldn't disagree.) Incompetence and computer glitches aside, you're still respons... |
Investing in an existing company is almost like buying a house, or even becoming an "Angel investor" in a start-up.
Before you start the process, decide how much you want to be involved in the day-to-day and which industries you would feel most comfortable in. The latter is an important consideration since you woul... |
I am interested in seeking out local private companies that are interested in raising additional capital by taking on limited partner investors. Is this something that even happens? Is this even a good idea? If so, what are some ideas on how to find and talk to said companies?
|
Housing, eh? Housing costs are driven by salaries and land availability. Over in the Bay Area, $1500/mo for a nice 1-bedroom apartment is a good deal... but a decent software engineer with ~4 years' experience can get $120k, easily. The standard benchmark of affordability of housing is spending a third of your income o... |
> And specifically regarding prices of housing, what factors drive prices in that regard? I mean, the houses are roughly the same... but almost 3 times as expensive.
Rent, like so many things, is tied to supply and demand.
On the demand side, rent is tied to income. People tend to buy as much house as they can af... |
I am bit fed up with my local banks that are `click-click-click-...click` type of banks, every time I use them I get a sense of absurdism. If I am doing anything a bit more specific like doing abroad money transfers or analysis, it requires a lot of time and a lot of wasted clicks. If I want clean exported data, the an... |
Any Bank with Command Line -style UI? |
What are the usual terms of a "rent with an option to buy situation"? Is the selling price negotiated ahead of time? What does the renter potentially sacrifice except losing the equity of the rent? |
Say I am an Indian citizen and residing in India and earning through online freelancing software programming in US dollars. Which government do I pay taxes to?
Do I pay some taxes to Indian government because I am residing in India and availing its infrastructure like roads,water,public transportation etc etc.
Or d... |
If I am indian citizen residing in India but earning through online freelancing in US dollars, who do I pay taxes? |
I have read that:
"The U.S. requires its citizens to file tax returns reporting their earnings wherever they reside. However, there are some measures designed to reduce the international double taxation that results from this requirement" . Does the same hold true for Indian government too? i.e.
Does India require i... |
Does India require its citizens to report income wherever they reside and earn..? |
I work in an IT company in India. I get my monthly salary after monthly tax deduction as per TDS law. The tax filing deadline as per Indian government is 31st July, but my company has a deadline for submitting investment proofs much before it say 15th Dec. Why have they imposed this artificial deadline? Say, I didn't g... |
Does my company compulsorily have to file tax on my behalf? |
I work in an IT company in India. I get my monthly salary after monthly tax deduction as per TDS law. The tax filing deadline as per Indian government is 31st July, but my company has a deadline for submitting investment proofs much before it say 15th Dec. Why have they imposed this artificial deadline? Say, I didn't g... |
If I were to move from the UK to the USA and leave my tax-free savings accounts (ISA's) open in the UK, with the intention to returning to the UK after 2 years, what would the status of said ISA's be in the eyes of the IRS? Would they charge tax on them? |
UK ISA status after moving to USA: Would the IRS charge tax on my ISA? |
Say, I am an Indian citizen and living and working in US, do I still have to pay some taxes to Indian government? My first thought is why should I be paying taxes to Indian government because neither am I living in India nor am I employed in India and I am earning in USD. But then my second thought is that I may have t... |
If I am Indian citizen residing in US and earning there, do I have to pay taxes to India? |
Does India require its citizens to report income wherever they reside and earn (abroad)? |
I work in an IT company in India. I get my monthly salary after monthly tax deduction as per TDS law. The tax filing deadline as per Indian government is 31st July, but my company has a deadline for submitting investment proofs much before it say 15th Dec. Why have they imposed this artificial deadline? Say, I didn't g... |
In India, does a company compulsorily have to file income tax on my behalf? |
Say I am an Indian citizen and residing in India and earning through online freelancing software programming in US dollars. Which government do I pay taxes to?
Do I pay some taxes to Indian government because I am residing in India and availing its infrastructure like roads,water,public transportation etc etc.
Or d... |
If I am Indian citizen residing in India but earning through online freelancing in US dollars, to whom do I pay taxes? |
What are the usual terms of a "rent with an option to buy" situation? Is the selling price negotiated ahead of time? What does the renter potentially sacrifice except losing the equity of the rent? |
What are the usual terms of a "rent with an option to buy" situation? |
Are there any banks with a command-line style user interface? |
Let's say that a person is a full time student under 24 and the beneficiary of a trust. Do the trust payments count as self support for tax purposes? Can you provide a source for your answer? |
As the beneficiary of a trust, do the trust payments count as support for the beneficiary? |
Let's say that a person is a full time student under 24 and the beneficiary of a trust. Do the trust payments count as self support for tax purposes? Can you provide a source for your answer?
EDIT: The question is if this counts as support as described by the rules for whether one qualifies as a dependent. |
Since last year I have spent sufficient amount of money on medical bills (greater than $1500) as a result of 20% that I am supposed to cover under my insurance. My questions are:
1) For an international student on F-1 visa, what is the limit of out-of-pocket medical expense in order to claim in tax return?
2) Wh... |
What is the procedure, and limit of medical expenses in order to claim for tax returns in US? |
HI I recently received a day trading margin call of $-$14,852.63 requirement. I do not have that much money. What should I do? Should I close my trades and take all cash out? ( The system labeled me as day trader). I have only $6900 in my money. They said I can borrow upto 100% of my equity. That is why I borrowed. IS ... |
what is a day trading account? |
I assume that whatever you're holding has lost a considerable amount of its value then? What sort of instrument are we talking about?
If the margin call is 14k on something you borrowed against the 6900 you're a bit more leveraged than "just" another 100%. The trading company you're using should be able to tell you ... |
I got a big margin call, what should I do? |
"The SEC considers a day trade to be any trade that is opened and closed within the same trading day, and considers a day trader to be any trader that completes 4 or more day trades within 5 business days."
if so they would label you day trader and in the US you are required to have at least $25K in your account. Ma... |
Can tuition fees be claimed on the 2010 return if the money was withdrawn from an RESP we've been contributing to? |
Can tuition fees be claimed on the tax return if the money was withdrawn from an RESP we've been contributing to? |
In Canada, can tuition paid by an RESP withdrawal be claimed on the income tax return? |
My account's been labeled as "day trader" and I got a big margin call. What should I do? |
"The SEC considers a day trade to be any trade that is opened and closed within the same trading day, and considers a day trader to be any trader that completes 4 or more day trades within 5 business days."
If so they would label you day trader and in the US you are required to have at least $25K in your account. Ma... |
I've owned my home for close to 5 years and it's value is currently around $100k below my loan amount (according to zillow).
I hate living here, and I've wanted to sell it for a long time.
Today, out of no where, the previous owner came and knocked on my door saying he loves the place/neighborhood, and regrets s... |
Previous owner of my home wants to buy it back but the property's value is less than my loan... what to do? |
Should we take our excess cash at the end of the month and put it in savings or put it towards our mortgage payment? We've been in our home 3 years and we already have some emergency money saved up. |
Put money in savings or pay towards mortgage? |
I'm assuming when you say *"…put it towards our mortgage payment?"*, you mean make additional payments on top of your scheduled payment. Strictly speaking, if the interest on your mortgage is higher than the return you can expect by saving, then yes, your excess savings should be put toward your mortgage.
This assu... |
First, what country are you in? Canada doesn't offer a mortgage interest tax deduction, the US does. This changes the math a bit.
Is the mortgage your only debt? I've seen people religiously pay extra each month to their 6% mortgage while carrying 18% interest debt on credit cards.
Next, there are company matched r... |
Do you have any other debt besides your mortgage such as credit card debt, student loans, or a car payment? Unless those are lower interest than your mortgage, pay them off first.
There are a lot of other considerations besides just mortgage and emergency fund. Do you have some money for the things in life that ha... |
What are the best tips for saving money as an university student? I will be attending university this coming semester and am planning on maintaining a sustainable financial situation right now, but would like any good tips or suggestions to saving money as a student. |
Best Tips to Saving Money As An University Student? |
What are the best tips for saving money as a university student?
I will be attending university this coming semester and am planning on maintaining a sustainable financial situation right now, but would like any good tips or suggestions to saving money **as a student.** |
What are the best tips for saving money as a university student? |
Imagine you had a friend who was about to join a multi-level marketing (MLM) business, despite your advice to the contrary. Another friend or family member had already convinced them the opportunity is a worthwhile business venture, and you couldn't change their mind.
Given that, what *additional* warnings would you... |
What warnings would you tell a friend about to enter a multi-level marketing (MLM) business venture? |
If I understand cash back programs correctly, the Credit Card companies give you back a percentage of the money you spent on a purchase. 1% would give you back $1 on a $100 purchase.
If this is the case why can't two people (or more) just buy and sell to each other the same product back and forth to earn cash back? |
Can someone earn money from Credit Card Cash Back by bying and selling back and forth? |
I use Mint to aggregate all of my accounts and get a snapshot of what my financial health is like, but I need something more powerful to calculate IRR and other metrics. What are some tools the community uses? |
What is a good tool to calculate IRR of my entire portfolio? |
Should we take our excess cash at the end of the month and put it in savings or put it towards our mortgage payment? We've been in our home 3 years and we already have some emergency money saved up.
I would be paying towards the principal of my mortgage.
My mortgage interest rate 5.75 is the higher then our other ... |
First and foremost, I would warn about having to shell out your own money for start-up, inventory, or other *sunk* costs. If I have to significant amounts of goods and stockpile them, that would be a warning. Some goods-based MLM have significant start-up costs. Along with this - how realistic are your time expectat... |
Maybe I am a bit jaded but I don't spend a lot of time trying to convince friends or family members to avoid MLM schemes even though I personally see them as scams. If they specifically ask for my advice I will walk them through the economics of the particular MLM that they are interested in. I have found that if you g... |
Q: Where do you think the money comes from for the cash-back reward?
A: The seller is charged a % transaction fee that is higher than the amount of the cash back reward.
So ultimately the seller is paying the cash back award and then some. This plan wouldn't work. |
Let's say that the stock market falls in value for whatever reason. Maybe a bank or two goes out of business, for example, and stocks fall 20-30%.
What would you invest in if you were sure this was going to happen? Precious metals is one thing that comes to mind. What else would generally go up if confidence in the ... |
Where should I invest to hedge against the stock market going down? |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.