poolie
  • Member for 11 years, 1 month
  • Last seen more than a month ago
Is Amazon's offer of a $50 gift card a scam?
0 votes

There are a few ways this can play out and in most of them Amazon ends up making back much more than the initial $50: You get the gift card and never (fully) cash it out, so it costs them less than $...

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Why would you elect to apply a refund to next year's tax bill?
5 votes

If you have non-salary income, you might be required to file 1040ES estimated tax for the next year on a quarterly basis. You can instead pay some or all in advance from your previous year's refund. ...

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Abundance of Cash - What should I do?
3 votes

People have asked a lot of good questions about your broader situation, tolerance for risk, etc, but I'm going to say the one-size-fits-most answer is: split some of your monthly savings (half?) into ...

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Can you beat the market by investing in double long ETFs?
0 votes

See http://blogs.reuters.com/felix-salmon/2011/04/30/why-the-sec-should-look-at-levered-etfs/?dlvrit=60132, http://symmetricinfo.org/2011/04/are-investors-in-levered-short-treasury-etfs-a-disaster-...

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What is a good rental yield?
1 votes

Historically that 'divide by 1000' rule of thumb is what many people in Australia have thought of as normal, and yes, it's about a 5.2% gross yield. Net of expenses, perhaps 3-4%, without allowing ...

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Is there a benefit, long term, to life insurance for a youngish, debt, and dependent free person?
Accepted answer
8 votes

There is no benefit in life insurance as such (ie, death insurance.) There is a great deal of value in other types though: total and permanent disability insurance, trauma insurance (a lump sum for a ...

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Holding bonds through maturity--pros and cons
3 votes

I'm going to hazard there are two main categories: tax, and then everything else. For tax, you may want to avoid getting profits in the form of income rather than capital gains, or you may not care:...

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Effect of country default on house prices?
0 votes

Some of the factors that will act on house prices are: There will likely be a recession in that country, which will lower incomes and probably lower housing prices. It will likely be harder to get ...

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For net worth, should I value physical property at my cost to replace it, or the amount I could get for selling it?
2 votes

There is no objective "should". You need to be clear why you're tracking these numbers, and the right answer will come out of that. I think the main reason an individual would add up their assets ...

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How do you translate a per year salary into a part-time per hour job?
1 votes

As an easy and rough rule of thumb, a job for $55,000 per year is $55 per hour as a contractor. That's roughly twice the hourly rate. In return, the company gets the rate to vary your hours or cease ...

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What is a "Junk Bond"?
Accepted answer
10 votes

A junk bond is, broadly, a bond with a non-negligible risk of default. ("Bond" ought to be defined elsewhere, but broadly it's a financial instrument you buy from a company or government, where they ...

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How do I find a broker that is good at providing forex trading (i.e. foreign exchange / currency)?
7 votes

In general, how I choose a provider or product is: Make a short list of ones that seem popular or worth looking at. By looking at their web sites, make a spreadsheet or document listing features, ...

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What is the best way to get a "rough" home appraisal prior to starting the refinance process?
3 votes

If you're willing to pay a fee, you can probably just get a commercial appraiser to give you a valuation. In Australia I think it's around $100-200.

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What would I miss out on by self insuring my car?
2 votes

Here's what you do without, on the negative side, just for balance: A bill: When I last had comprehensive insurance, it cost something like 3-4% of the value of the car per annum. (Obviously ymmv ...

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Transfer money from US ("prepaid") VISA Debit to AU bank account
3 votes

Congratulations on completing the GSoC. I think the short answer is No, and you ought to just hang on to the card and gradually spend it down on your day-to-day expenses: you can spend money off a US ...

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What is a good size distribution for buying gold?
3 votes

You are really tangling up two questions here: Q1: Given I fear a dissolution of the Euro, is buying physical gold a good response and if so, how much should I buy? I see you separately asked about ...

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I am thinking about cancelling my car insurance. Will there be any hidden costs down the road?
10 votes

If you're expecting to not use that car for a long time (several months or more), and it does not have enormous sentimental value, you should think about just selling it. Cars depreciate something ...

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I'm in Australia. What should I look for in an online stock broker, for trading mostly on the ASX?
2 votes

It depends what you want to do with them. If you are just simply going to drip-feed into pre-identified shares or ETFs every few months at the market price, you don't need fancy features: just go ...

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Should I put things like Family Payments, Interest on savings .. everything .. under my wife's name for Australian taxation reasons?
Accepted answer
2 votes

By the time you've earned the income, it is basically too late to decide who it belongs to[*]. If the assets belong to one person, income from those assets must be declared by that person. If you ...

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Where should I park my money if I'm pessimistic about the economy and I think there will be high inflation?
4 votes

Given those assumptions (which I happen to think are reasonable) it seems to me the obvious place is to buy non-Australian assets, such as the Vanguard VTS (total US share market) and VEU (world ex-US)...

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Are stock index fund likely to keep being a reliable long-term investment option?
2 votes

Stock index funds are likely, but not certainly, to be a good long-term investment. In countries other than the USA, there have been 30+ year periods where stocks either underperformed compared to ...

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Bond Vigilantes: Prices, yields and incentives
1 votes

Beyond the yield/price relationship, a good intuitive way to understand it is just this: these people control a substantial amount of money that could be essentially loaned to governments. If they ...

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How does Value Averaging work in practice?
Accepted answer
3 votes

Value averaging has you shift the balance of your portfolio over time, not the amount of contributions. So you can only do it if you have a portfolio holding both risky assets (shares etc) and some ...

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Can I buy only 4 shares of a company?
6 votes

Open an account with a US discount online broker, or with a European broker with access to the US market. I think ETRADE allow non-resident accounts, for instance, amongst others. The brokerage will ...

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Is there any benefit to investing in an index fund?
3 votes

when the index is altered to include new players/exclude old ones, the fund also adjusts The largest and (I would say) most important index funds are whole-market funds, like "all-world-ex-US", or VT ...

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Can used books bought off Amazon be claimed as a tax deduction in Australia?
1 votes

Yes, you can. That the books were purchased from abroad is irrelevant: you incurred an expense in the course of earning your income. If the books are expensive (>$300 per set iirc) you will need to ...

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US Tax return upon returning to UK
0 votes

I'm not a US tax accountant, but I've never heard of any system whereby somebody who once resided in the US and no longer does has to still file US returns. US Citizens certainly do, but unless you ...

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I am an American citizen but have never lived in the US. Do I need to fill a W8-BEN or a W-9?
5 votes

Yes, you do. You also need to file a tax return every year, and if you have more than $50k of total savings you need to declare this every year.

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re balancing portfolio by only buying more or by both selling and buying under and over allocated assets?
Accepted answer
7 votes

Whether it is better or depends on: the tax costs or benefits of selling assets the possibly greater cost of your time in choosing which assets to sell etc, vs just directing new contributions to ...

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As a US citizen, should I only have $50,000 in non US banks due to FATCA?
Accepted answer
8 votes

It's not a good look. However, it seems to me this does not change things very much. US citizens have for a long time been required to pay tax on their worldwide income, and to disclose their ...

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