This is total bullshit.  I was an average B student in Physics at Caltech. I decided to go to Med school, but barely made it through Organic Chem. So I took it in Summer school at UCLA, in a class of 300 pre-meds. I was top man on every test.  The difference in the average quality of the students was huge.


I agree with you: it sounds like a scam. Those terms are too good to be true.  Online, it is too easy to pretend to be someone you are not. When choosing a bank to work with, you need to be confident of its legitimacy. Make sure you have heard of it someplace other than their own website and can trust it. In this case, this isn't even a bank; it is just an individual stranger. I can't see how this could possibly be legitimate.  With the information that they are asking for, they could potentially impersonate you and steal your money. I would stay away from this.


In such a situation, is it really safe to give financial info to a person who does not encrypt it? Encryption only helps to an extent. i.e. during transmission of data or during brute force makes it more difficult to get the real data. However you concern is more of staff using this data, which encryption will not help much as they would be able to decrypt and see the data. In what ways could it be misused? This depends on the type of data. The financial data can be used to hack into your accounts if other bits of info are known. i.e. most of the times on Telephone requests; say putting card on hold, requesting balance on account, etc; only your address, mother maiden name, last few transaction details are asked. Some critical requests need more ID proofs; so generally not of concern. The other misuse would be selling this to marketing companies, so that you can be bombarded with sales pitch for anything and everything. The PAN and other ID documents are becoming more prone to mis-use. i.e. give a copy of PAN to open fraudulent accounts etc. A good practise would be to mark every copy of ID proof you give with the purpose as to why its given and a date. This would make the ID proof stale to an extent. If she is not going to encrypt it, should I ask her to delete all my old data and then create a new profile for my communication with her; the new profile not being my name, but a fake name? The regulations would not allow her to create fake accounts and may lead to issues and as such any recognised financial advisor would not allow this to be done. Quite a few countries have regulations for financial advisor's that need to be adhered to.


There's a big difference between the 2 scenarios. Apple doesn't have any liability of one of their devices is used for criminal purposes, and that wasn't even the situation. Apple was asked to unlock a phone so the FBI could look for potential information.  DB however has a legal and ethical obligation to prevent it's services being used for money laundering and other criminal behavior. This included internal controls and audits on customer activity. The House Democrats asked if these controls were performed on Trump's accounts, and what the outcome of their audit was. A request that is well within the House's scope. If Republicans signed on to the inquiry the House could subpoena the information and it would carry the force of law.  The only way this would be remotely analogous to the Apple scenario is if Apple was legally required to routinely read your emails to make sure you weren't a terrorist, and the FBI requested an accounting of whether that particular terrorist's emails had been read. If Apple had denied a request like that, it's unlikely that PR would have been so favorable to them.  edit: and it was the San Bernadino shooter's phone


I don't think the verbal confirmation from the branch manager is worth anything, unless you got it in writing it basically never happened. That said, what did you sign exactly? An application? I'd think they would be well within their rights to deny that, no matter what the branch manager said. If you actually signed a binding contract between you and the bank, things would be different but the fact that 'approval' was mentioned suggests that all you and the bank signed was an application and the bank manager made some unreasonable promises he or she doesn't want to be reminded of now. If the complaints department can't get off their collective backsides, a firm but polite letter to the CEO's office might help, or it might end up in the round filing cabinet. But it's worth a try. Other than that, if you are unhappy enough to go through the pain, you can try to remortgage with another bank and end the business relationship with your current bank.


From a linked article:  > You’ll want to keep the case with you, too, because it carries four extra charges, and heavy use **(snapping 20 or 30 10-second videos in a half hour) will put a serious hurt on Spectacles’ battery.**  Um, so you get 5-10 minutes of record time per charge? What the heck is the point of wearing goofy glasses if that is the longest they can record??


"It's only in /r/business people try to be polite by saying ""leaving money on the table"" when they really mean ""didn't fuck over the other guy as hard as you possibly could have"", which is exactly what Facebook did (when we're not mincing words of course)."


What America needs is a federal union.  One that will:  - eliminate H1B visa programs  - put the wall up and hold employers of illegal immigrants accountable   - enforce patent/copyright infringement to the point that trade agreements will be disassembled if there are system, widespread, wholesale violations.   - force automation into low paying roles (low paying wages are a scourge and need to be automated as quickly as possible)  - provide training pathways and educational opportunities that don't put the trainee/student in debt for the first 10 years of their career  The list is really endless, but these are just a few starter ideas to nail to the door of the labor market.


Another simple case of reading comprehension. Both from your graph and from my post. If you're contesting that high interest rates means lower inflation, that means you have no idea how 99% of the currency is created or about the quantity theory of money. The CPI index is more of a measurement of how much money the average consumer is spending than it is the value lost of the dollar. If the average consumer spends 2% more than their basket of goods will get 2% more expensive. If wages go up 2% they will spend 2% more. CPI is a fucking joke, and anyone who believes it is either a lamen or a shill.


You're looking at this too rationally. People can not resist eating junk food, especially when they have to sit for 2-3 hours to watch a movie. It's pure biology, not economics. People don't always act according to economic logic.


Thats exactly what I am looking to do - a career change. My problem is I dont have any relevant experience in finance (and mot much knowledge either). So I planned to do the CFA thinking that I will get some relevant knowledge in order to apply for jobs in the field. As things stand now I dont if I will fare well in an interview if I get a call.   You got a job explaining your investments, thats impressive. I wonder if you could tell me, what other things will the interviewers grind you on if an IT guy looks to get into finance without any relevant experience?


There are benefits in the melting of the Arctic, but the risks are much greater  NOW that summer is here, the Arctic is crowded with life. Phytoplankton are blooming in its chilly seas. Fish, birds and whales are gorging on them. Millions of migratory geese are in their northern breeding grounds. And the area is teeming with scientists, performing a new Arctic ritual. Between now and early September, when the polar pack ice shrivels to its summer minimum, they will pore over the daily sea ice reports of America’s National Snow and Ice Data Centre. Its satellite data will show that the ice has shrunk far below the long-term average. This is no anomaly: since the 1970s the sea ice has retreated by around 12% each decade. Last year the summer minimum was 4.33m square km (1.67m square miles)—almost half the average for the 1960s. The Arctic’s glaciers, including those of Greenland’s vast ice cap, are retreating. The land is thawing: the area covered by snow in June is roughly a fifth less than in the 1960s. The permafrost is shrinking. Alien plants, birds, fish and animals are creeping north: Atlantic mackerel, haddock and cod are coming up in Arctic nets. Some Arctic species will probably die out. Perhaps not since the 19th-century clearance of America’s forests has the world seen such a spectacular environmental change. It is a stunning illustration of global warming, the cause of the melt. It also contains grave warnings of its dangers. The world would be mad to ignore them. Less feedback, please As our special report shows in detail, the Arctic is warming roughly twice as fast as the rest of the planet. Since the 1950s the lower atmosphere has warmed by a global average of 0.7 degrees Celsius; Greenland’s air has warmed by 1.5 degrees. The main reason appears to be a catalytic warming effect, triggered by global warming. When snow or ice melt, they are replaced by darker melt-water pools, land or sea. As a result, the Arctic surface absorbs more solar heat. This causes local warming, therefore more melting, which causes more warming, and so on. This positive feedback shows how even a small change to the Earth’s systems can trigger much greater ones.  Some scientists also see a tipping-point—another feared term in the climatology lexicon—in the accelerating diminution of the sea ice. The term describes the moment at which the planet shifts from one environmental state to another: in this case, from an Arctic with summer sea ice to one without it. By the end of this century—perhaps much sooner—there will probably be frequent summers with no sea ice at all. Arctic peoples have also noticed what is going on. Inuit hunters are finding the sea ice too thin to bear their sleds. Arctic governments are starting to see a bonanza in the melt. The Arctic is stocked with minerals that were hitherto largely inaccessible, including an estimated 30% of undiscovered reserves of natural gas and 13% of undiscovered oil reserves. A combination of high commodity prices, proactive governments, technological progress and melting ice will help bring these to market. Encouraged by Arctic governments and dwindling reserves elsewhere, oil companies are flocking north like migrating geese to explore the continental shelves of Alaska, Canada, Greenland, Norway and Russia. Canada and Russia also hope to develop their Arctic shipping-lanes, which the melt is making accessible. Russia’s Northern Sea Route, hugging the Siberian coast, cuts the normal distance between Europe and Asia by more than a third. It will help ferry Russia’s Arctic resources to Asian markets, and could one day be a wider boost to world trade. These exciting developments carry risks, however. Many fear for Arctic cultures—a Canadian Inuit argues despairingly for her “right to be cold”. Others foresee conflict between Arctic countries scrambling for the region’s resources. Greens warn of environmental risks in developing them: a big oil spill would be disastrous for fragile Arctic ecosystems. The igloos have gone Such fears are reasonable, but often exaggerated. Traditional Arctic peoples have been changed far more by Westernisation than they will be by melting ice. None lives in an igloo these days. And everywhere except Russia their rights have been recognised. Nor is conflict much of a worry. The Arctic is no terra nullius. Most of it is demarcated, and Arctic countries have a commercial incentive to keep the peace. Last year Russia and Norway settled an old dispute over their maritime border; soon they will open the border region to oil firms.  Watch our animation of the receding Arctic ice-shelf and the shipping routes it could unlock  The risks of pollution from bilge water, mining effluent and spilt oil are real. Yet the Arctic is not unprotected: it is, by and large, among the most regulated oil provinces. Its development will also be slower and more cautious than greens fear. Even with little sea ice, the Arctic will remain forbiddingly cold, remote, stormy and therefore expensive to operate in. The worry that needs to be taken most seriously is climate change itself. The impact of the melting Arctic may have a calamitous effect on the planet. It is likely to disrupt oceanic circulation—the mixing of warm tropical and cold polar waters, of which the Gulf Stream is a part—and thawing permafrost will lead to the emission of masses of carbon dioxide and methane, and thus further warming. It is also raising sea levels. The Greenland ice sheet has recently shed around 200 gigatonnes of ice a year, a fourfold increase on a decade ago. If the warming continues, it could eventually disintegrate, raising the sea level by seven metres. Many of the world’s biggest cities would be inundated long before that happened. Some scientists argue that the perils are so immediate that mankind should consider geoengineering the atmosphere to avert them (see article). They may turn out to be right, but there could be enormous risks involved. A slower but safer approach would be to price greenhouse-gas emissions, preferably through a carbon tax, which would encourage the adoption of cleaner technologies (see article). That shift would be costly, but the costs of inaction are likely to be larger. In the end, the world is likely to get a grip on global warming. The survival instinct demands it. But it is likely to lose a lot of the unique Arctic first. That would be a terrible pity.  http://www.economist.com/node/21556921?scode=3d26b0b17065c2cf29c06c010184c684  Roald Audun Flo


You're comparing apples and oranges. This states that they export more GASOLINE than they import GASOLINE.  To answer your question, it's because of geography. New York might buy refined gas from Quebec (hypothetical) while Washington state exports to BC. North America is huge, so transport is an important factor.


I'm a finance manager at a dealership. The thing that I tell people about leasing:  It's good if you plan to make more money in the future. You can get a new car.  The downside of leasing. When you get out of your lease you will either pay straight cash, get another loan for the unit, or get a new unit. 3 years down the road you have no idea what interest rates will be. If you lock in your rate today you are guaranteed that rate. With the government increasing rates we could see higher rates that could cost you more.  Also if you get a loan today it will be 5-6 years. Leasing will have a 3 year lease with another 5-6 year loan on top of that. Causing to pay more in the long run  If your brother doesn't have straight cash to pay for it at the end of 3 years I recommend buying new


Are you sure the question even makes sense? In the present-day world economy, it's unlikely that someone young who just started working has the means to put away any significant amount of money as savings, and attempting to do so might actually preclude making the financial choices that actually lead to stability - things like purchasing [the right types and amounts of] insurance, buying outright rather than using credit to compensate for the fact that you committed to keep some portion of your income as savings, spending money in ways that enrich your experience and expand your professional opportunities, etc. There's also the ethical question of how viable/sustainable saving is. The mechanism by which saving ensures financial stability is by everyone hoarding enough resources to deal with some level of worst-case scenario that might happen in their future. This worked for past generations in the US because we had massive amounts (relative to the population) of (stolen) natural resources, infrastructure built on enslaved labor, etc. It doesn't scale with modern changes the world is undergoing and it inherently only works for some people when it's not working for others. From my perspective, much more valuable financial skills for the next generation are:


"The type of savings account your are referring to is an ""Instant Access"" account which offers little or no interest in savings. To solve your problem I would suggest opening a higher interest Current Account, there are several on the market which offer equivalent rates of interest as an Instant Access account but still allow access via a debit card. Usually there are requirements for a regular salary transfer into the account or a minimum balance to qualify for interest. Banks that are well know for offering high interest Current Accounts include Nationwide, Santander, TSB and most of the build societies."


That totally depends on if its domestic or international.   The difference between domestic first and coach is not as drastic as the difference between first/business and coach on international.  On a two hour flight, I don't see any added advantage to business/first over coach. On a 6+ hour flight, I do.   On a cost basis, it would have to come down to how important that person's decisions are on a capital return basis.


"It's not possible for them to be comingled. From the IRS FAQ: Does my employer need to establish a new account under its 401(k),   403(b) or governmental 457(b) plan to receive my designated Roth   contributions? Yes, your employer must establish a new separate account for each   participant making designated Roth contributions and must keep the   designated Roth contributions completely separate from your previous   and current traditional, pre-tax elective contributions. It doesn't have to be a separate ""account"" necessarily, but the amounts must be tracked separately as if they were in separate accounts: Does separate account refer to the actual funding vehicle or does it   refer to separate accounting within the plan's trust? Under IRC Section 402A, the separate account requirement can be   satisfied by any means by which an employer can separately and   accurately track a participant’s designated Roth contributions, along   with corresponding gains and losses."


"First I would like to say, do not pay credit card companies in an attempt to improve your credit rating. In my opinion it's not worth the cash and not fair for the consumer. There are many great resources online that give advice on how to improve your credit score. You can even simulate what would happen to your score if you did ""this"". Credit Karma - will give you your TransUnion credit score for free and offers a simulation calculator. If you only have one credit card, I would start off by applying for another simply because  $700 is such a small limit and to pay a $30 annual fee seems outrageous. Try applying with the bank where you hold your savings or checking account they are more likely to approve your application since they have a working relationship with you. All in all I would not go out of my way and spend money I would not have spent otherwise just to increase my credit score, to me this practice is counter intuitive. You are allowed a free credit report from each bureau, once annually, you can get this from www.annualcreditreport.com, this won't include your credit score but it will let you see what banks see when they run your credit report. In addition you should check it over for any errors or possible identity theft. If there are errors you need to file a claim with the credit agency IMMEDIATELY. (edit from JoeT - with 3 agencies to choose from, you can alternate during the year to pull a different report every 4 months. A couple, every 2.) Here are some resources you can read up on: Improve your FICO Credit Score Top 5 Credit Misconceptions  9 fast fixes for your credit scores"


They do pitchdecks every week with the industry coverage groups presenting biweekly. Fundamental analysis included industry overview/company overview/investment rationale/valuation (usually DCF or public comps)/risk. PM then uses pitchdeck and technical analysis to set orders but buys the stock for the long run and makes and monitors it daily. 21% in a year and high growth picks by the OC for industries in tech usually are high growth so cap gains there are evn higher  U probably went to some retard school. I said back office bc I highly doubt your dumb ass works in IB based on how socially incompetent and arrogant u sound.


Overvalued does not mean an opportunity to short.  As long as a company's earnings are decent and there are limited other opportunities in the market, a stock would stay overvalued. its just that future returns on the stock might be limited. For shorting you need an expected trigger. Say you expect an overvalued company's earnings to decline or significantly miss expectations. This would be a candidate for shorting..


TARGET2 is a high value realtime settlement system across Europe and for this to be open on weekends would mean all the Banks including Central Banks in the Euro Zone work. Quite a few times to manage intra day liquidity, banks borrow from each other, hence there is an active monitering of the liquidity by Banks. The borrowing happens over phone and fax and the lending bank sending a high value transaction that credits the borrowing banks. These is the day to day job of treasury group [highly paid individuals] to manage liquidity. Now if on weekends the volume is less, it does not make sense to keep these people, the cost of supporting this for very insiginificant business gain is not driving to build such systems.  On the other hand on retail transactions, say Cards [Debit / Credit], ATM, the value is not high and hence there is no treasury function involved and there is a huge need, everything is automated. So no issues.


Cheaper than a trailer park in the country? What planet do you live on? Seriously. It's not the sticks, but we are surrounded by farms for miles. The tallest building is a chicken plant. The closest major airport or train station is two hours away.   I can tell you grew up in suburbia. No one who grew up in the country would ever say that. It's easy to move from the city to the country. It's extremely hard to go the other way.  Also, those cheaper places you're talking about are cheap because the job market sucks.


"I find it funny that people complain when the electorate votes for things contrary to their own self interest. Yet in most other contexts it's admirable to do so. Imagine saying    ""OMG all these white people voting for civil rights for blacks. What the hell are they thinking?""   ""OMG all these well-to-do suburbanites voting for food stamp policy. What the hell are they thinking?""  ""OMG this guy is voting to legalize drugs but he's never done drugs himself!""  The list goes on and on. Stop trying to train voters to be more selfish. It's unhealthy. We should be training people to vote for what they think is right. Period. If people are able to rise above their own self-interests and vote for what they think is right (see above examples) they should be commended not condescended to."


The early bird catches the worm. The first person who makes use of the information gains! That is why hedge funds pay billions of dollars to place their routers right at the center of wall street. Moreover, the information is not always correct. The article you are reading may be a rumor spread by someone on wall street.Then there is speculation and that is factored into the price. For example:- In spite of all the bad news from Greece, the market still continued to rise. This was because, everyone had an idea about what was going to happen and the price was factored in way before Greece actually defaulted. The game is way more complicated than it seems. If everyone sat down and read reports, opportunities to make millions of dollars would have been lost in those few seconds. (Please note:- I do not mean reading reports is bad)


Why do people always seem to forget that plenty of people went and studied all sorts of wacky topics in university during the 1960s and 1970s ... and paid no more for tuition / housing / food / etc than a minimum wage job could support in up front cash?      The problem isn't going to study 4 years of interpretive dance. The problem is the government-induced tuition inflation that will give someone $50k in government-backed loans to go study 4 years of interpretive dance. Get the freaking government out of the tuition inflation business already! And let people go study 4 years of interpretive dance for $1k/year if they so desire.      If you don't believe that nearly 100% of tuition inflation is caused by government-backed loans. Then ask yourself - what kind of investor in their right mind would freely lend $50k in unsecured funds to someone to study 4 years of interpretive dance?


"Let's say, I have a Life Insurance for 20 years. Whether the money will be given back to the Policy Holder along with the Accumulated Interest on it ? This depends on the type of Insurance Policy.  If you have purchased a ""Term Plan/Policy"" then these do not give back anything. However the premium is very low and is essentially covering for the risk. If you have ""Cash Value type"" of policies [Whole Life, Endowment, Universal Life, etc] then you get something back at the end. This depends on the policy document. The premiums are substantially high. It is generally advised that Cash Value type of policies are not good and the returns they generate are poor than depositing the difference in premium in alternative investments and buying a Term Plan."


Many developing countries have restrictions on foreigners buying land.  For example, Thailand.  If you ever move there, you will never be able to own any land.  Period.  But countries like India go even further.  If you want to buy some land in J&K province, you can't even if you are Indian.  What if you marry a woman from J&K?  Nope... then you are both screwed and both of you can't buy land in J&K.  Similar restrictions are in place for other provinces (HP, AP, etc)  Imagine living in New Jersey and never being able to buy land in Pennsylvania... that's India.    Building and hoping no one notices worked 15 years ago, but not anymore. (unless you're rich and connected, of course.)


Salon scissors are the essential tools of any professional salon. Without the scissors, it is impossible even to imagine a salon. Despite expert skills are required to do a hair styling, these scissors plays an important role in giving that new look with fine finishing. Customers will be thoroughly satisfied, if you give a new style to the person who has undergone a hair cut. To do this, scissors are very essential to do your job perfectly.


"Otto, I totally agree with you. That feature would be awesome addition to mint. Have you thought of adding Custom tag called ""reviewed"" and just mark that to the transaction.  Ved"


If what you say is true (I don't know anything about them, I very rarely buy electronics that aren't computers), then the market should make short work of them. Which it appears to be if they're doing rounds of layoffs.


Debt will ruin any plans.  I guess that the interest on the credit cards is about $450 a month or about $5,500 per year and the school loans is about $6,000 a year.  Get a an Excel spread sheet going and start tracking your expensed.  Learn to make a amortization spread sheet for all debts, and any future debts that you are thinking about. If you want a family soon plan on one income for a period of time. If you buy a house plan on paying it off while you are working.  Then the house payment becomes spendable money during retirement.  A cheaper house can be upgraded in the right neighborhood with an excellent appreciation in value.  Money put into excellent collectibles and kept for 20 years or more is private and off the radar income no taxes when sold. STUDY STUDY LEARN LEARN


> e S&P 500's cyclically adjusted price to earnings ratio above 26 and inching closer to 30 everyday I would be inclined to disagree. Also price trends and technical indicators say nothing about over and undervaluation. If fact technical indicators are worthless in the real world.  you mean the Shiller PE?  LOL.


> I would need to get all the breaks my employer gets  A large part of the discount an employer gets, is due to the number of policy holders they enroll.  Most methods of duplicating that have other problems.  So forcing everyone into an individual market will end up raising rates on everyone, by removing group discounts.  Eventually to the point where no one gets any discount from insurance.


That's just not relevant.  Of course you can't prove they aren't responsible.  How is she going to hold Equifax fully legally responsible for what happened to her when there was only a 15% increase in fraud?  What's to say she's not in the 85% that would have happened anyway?  How are they going to prove in court that Equifax should be forced to make her whole?  I mean, look at [this list of breaches.](https://www.identityforce.com/blog/2017-data-breaches)  Why isn't one of those guys responsible for paying for her problems?


The amended return Form 1040x has a different calculation for the `Refund or Amount You Owe' section than the original 1040, you use the amount you owed or amount overpaid from the original return to offset the impact of the amended return. This calculation assumes the refund/payment has been made already.  So deposit your refund check, then file the amended return. I suggest filing sooner rather than later in case you owe (unlikely to be penalized unless it's significant/fraudulent), but sooner is better anyway.


Well, I'd argue they aren't technically 'supposed' to lose cash; VCs and other investors are just ok with it if the growth justifies the loss.   Of course then again, people apparently still own snapchat stock, so who knows.


My understanding (which could be wrong) was that he raised the price of Daraprim  (the only medication that works for some AIDS patients) by 5000% to benefit himself. It's been copycatted elsewhere in the industry, my first thought is of the EpiPen. So it seems telling of places where the system is vulnerable to exploitation, especially where manufacturers have price setting power.  Edit: This was a terrible explanation on my part. It's an industry-wide issue is what I was getting at, and I worded that in the worst way possible. And I could still be wrong in my point.


These places are being ruined by places like Smash Burger, Chipotle, and Blaze Pizza. Let's not even talk about the food, the service usually sucks and why should we sit down and have to tip someone for that service?   Now let's talk about food, I don't see much of a difference in quality between fast-casual and comparable items at restaurants like Applebee's, Friday's, Buffalo Wild Wings, and Chilli's. You can also argue that perhaps Wendy's or McDonald's has improved it's quality enough to be considered close in quality.   Obviously you're not going to get a steak at a fast-casual place or McDonald's but why would select Applebee's if you are longing for a steak?


"I am perfectly qualified to not use an accountant.  I am a business professor, and my work crosses over into accounting quite a bit.  I would certainly find a CPA that is reputable and hire them for advice before starting.  I know a physicist who didn't do that and found they ended up with $78,000 in fines.  There are a number of specific things an accountant might provide that Quickbooks will not.  First and foremost, they are an outsider's set of eyes.  If they are good, they will find a polite way to say ""you want to do what?!?!?!""  If they are good, they won't fall out of their chair, their jaw won't drop to the floor, and they won't giggle until they get home. A good accountant has seen around a hundred successful and unsuccessful businesses.  They have seen everything you may have thought of.  Intelligence is learning from your own mistakes, wisdom is learning from the mistakes of others.  Accountants are the repositories of wisdom. An accountant can point out weaknesses in your plan and help you shore it up.  They can provide information about the local market that you may not be aware of.  They can assist you with understanding the long run consequences of the legal form that you choose.  They can assist you in understanding the trade-offs of different funding models.  They can also do tasks that you are not talented at and which will take a lot of time if you do it, and little time if they do it. There is a reason that accountants are required to have 160 semester hours to sit for the CPA.  They also have to have a few thousand field hours before they can sit for it as well. There is one thing you may want to keep in mind though.  An accountant will often do what you ask them to do, so think about what you want before you visit the accountant.  Also, remember to ask the question ""is there a question I should have asked but didn't?"""


Gold is money. If fiat money fails, only physical assets will count. Gold has been an historic store of wealth. Silver is also historically a good thing to possess when governmental systems fail. Don't buy paper gold, it is based on illusion. No one knows what will happen this time, but fiat money will likely fail again, as it has many times. Good luck to you for at least trying to prepare, you are an inspiriation.


I have searched like crazy for one that appears to have been taken down.  Basically, the premise was that semi-communist states were more capable of coping with ubiquitous robotics than capitalist states that lacked strong socialism with positive rights.  Like, a capitalist state could do great under UR, if it could regulate markets effectively AND was guaranteeing healthcare, food, and (most importantly) education to all its citizens.     It honestly was exactly what it sounds like you are looking for, but I read it a few years back and no amount of googling has turned it up.


Buddy I know how a student investment club works, my school had a great one but thanks for the explanation. Doesn't change the fact that a valuation by some college kids is meaningless, but you wouldn't understand that because you're still a 20 year old kid with no industry experience. I love that you're bragging about your college to someone who has already graduated and made it into the industry, shows you really have no accomplishments to speak of.


> ...but we need to start getting over number three.  I strongly disagree. It shows Republicans will undermine the spirit of the system and the will of the people to serve their own ends. When a group shows they will exploit anything they can to take advantage of you, you do not work with them.  > Besides that, it's completely extraneous to the topic at hand...  It is not.  No agreement closes every loophole so there are always plenty of ways to screw over the other side in any agreement.  For compromise there needs to be trust that the other side will generally adhere to the spirit of the agreement.  Republicans have proven themselves untrustworthy in this area.  > They need to try to do that on this one thing and make a fresh start.  Question for you: how many times do you think Democrats should reach across the aisle only to be either rebuffed, insulted, misrepresented in the media, or taken advantage of before you would support a hard line like mine above?


>You seem to want our government to fail as well.  No, I want people to recognize that the *concept of government* is a failure that simply gives a lovely cover-story to oppression and mass-murder. I want us to *intentionally dismantle* our government so that we can implement *a better system* that isn't designed to kill people and impose the will of the few on the majority.   >Do you know what to call it when people structure their interactions in order to cooperate? The word is Government.  Except that's a mighty beautiful line of bullshit, because in reality, government is what happens when the powerful create a justification for maintaining their power and imposing their will on the masses.


Because of methods like the [Double Irish Arrangement](http://en.m.wikipedia.org/wiki/Double_Irish_Arrangement), which is used by the likes of Apple, Google, and many others.  It makes headlines for a myrad of reasons depending on the publication and the market. Bloomberg/wsj/etc will publish it because having low tax overhead is good for business and good for shareholders. The politics and possibility of regulatory change are also pertinent and may influence markets.  Other publications may publish for different reasons. There is a growing backlash against such forms of tax evasion. The more complicated the tax evasion, the less likely smaller firms may have access to those methods. It doesnt look good or feel right when medium fries are stuck paying our high corporate tax while the biggest fish swim free.


It really depends on the tasks and how things are going.  Well allocated work probably takes less than 40 hours a week most of the time, but might take a lot more than that sometimes.  It really depends.  Being in a really small company leaves little room for maneuvering, and then there is ambition.  Do you really want to dominate your industry?  Then there is the kind of work.  Truly creative work might be so intense that it tops out around 20 hours a week and everything above that is chaff.  That was what I meant by not fitting neatly into standard arrangements.  It also has a lot to do what else there is in your life competing.  It might be necessary to leave earlier than most to make time for afternoon activities or time with children.  Defining desirable intervals outside work may be the most important part of knowing what work hours make sense.  Ultimately it is necessary to understand that balancing work and life is complicated and may have no good answers.  Sometimes work may be life and other times it may compete vigorously with good living.  Simply saying anything over a standard 40 hour work week is too much might be a good place to draw the line, or that might be a way of avoiding really thinking through where you want to be since that arrangement is only going to be idea for a subset of people.  Maybe for some 45 is the breaking point and for others 35 is right or maybe just winging it and leaving after a certain number of things are done is right.  This emphasis on time drops away completely under Results Only Work Environment (ROWE) arrangements, but that leads directly to legal issues because we treat time as sacred no mater how much is spent at the desk or water cooler.


The answer is mathematics. Let's say you have $100 capital to invest with.. With a mortgage: With a unit trust (assuming you don't put in borrowed money): 5% growth on the property is $25, but a $25 profit on a unit trust requires 25% growth. Well, that's assuming zero interest and zero fees. Let's say interest is 3% but so are trust fees. A property now requires 8% growth for $25 profit in a year, where a unit trust now requires 29% growth for $25 profit. Which one is more likely? The above calculations don't take in to consideration all associated costs and is obviously exaggerated but it shows the answer is not black and white but is instead just mathematics on a bunch of variables. Debt isn't a bad thing so don't be afraid of using debt. With debt you can borrow more to invest. Having a fully paid off house is not a good investment if some of that equity could be earning you more else where (if the math makes sense).


You can sue them for damages. It would be hard to convince the court that the drop in the credit score was because of that loan, but not unthinkable. Especially if you sue through the small-claims court, where the burden of proof is slightly less formal, you have a chance to win and have them pay the difference in rates that it cost you.


Thank you for taking the time to type up what everyone else (rational people) is thinking.  I love your analogy with the faith healers too.  Nowa day workers seem more like they are suppose to be cult members who do back breaking labor (long hour, low/no pay) so their leader can ride around in a limousine and wave at them from time to time.


There are multiple strategies depending on the message you'd like to send. As far as shopping goes, you can: Claim the spouse will kill you if you buy another X. This works for either gender.  Say that you are saving for some expensive vacation or other item. Go along but just seem lie nothing pleases you, be disinterested. The restaurant thing is tougher, and you might want to just avoid it. Key thing is to say you'd like to get together but after lunch, you don't want the friend(s) to think you are avoiding them. Good luck!


This will end badly, the only question is how long it will take. Performing bank transfers is not difficult and there is no way a 3rd party would be paying her large sums of money to perform these transfers unless the purpose was illegitimate and they were taking advantage of her.  In my experience it is as simple as entering the target bank account routing and account #, entering the name (this is not double-checked by the bank to associate with the target account), entering a dollar amount and then agreeing to the terms of the transfer--there are not people out there who have a lot of money but would rather pay somebody $2000+ to do 2 minutes of work in an unofficial capacity instead of just doing it themselves unless they are trying to hide something and/or take advantage of a mark.


That's fine.  But the point is that he's running for President now, and pointing to his professional success as a reason to vote *for* him.  In fact, his business experience is frequently pointed to, lauding him as a *job creator*, which kind of implies American jobs.  He hasn't used this as a jump-off point to discuss how to avoid furthering this kind of mercenary crap.


Having a highly liquid emergency fund can lubricate the wheels for disaster recovery.  For example, several years ago I returned from a vacation to discover that, during my absence, a plumbing fixture had broken and my house was flooded. Since we had sufficient liquidity to cover the cost of the repairs in our emergency fund, the insurance company was much easier to deal with, and the relationships between the contractor, bank, and insurance company were much smoother. The bank was able to approve the insurance in minutes versus days. Ironically, we didn't actually have to touch our emergency fund precisely because we had it. Clarification - I make it a point to have no debt.


Seems like it was written by someone with very little business sense.  We'll that's completely wrong. I would stay if you take your own 2 person  business to 600k revenue in a couple years you would have to have some business sense. Actually this blog is full of all kinds of awesome information.


"Most of dentistry is a giant scam.  There is no reason your teeth should rot from your head if you care for them properly.  Picking and poking at them with surgically sharpened steel does not help.  It makes things worse.  Just try to opt out of ""the explorer"" and see what happens."


In India, in the money options get exercised automatically at the end of the day and is settled at T+1(Where T is expiry day). This means, the clearing house  takes the closing price of the underlying security while calculating the amount that needs to be credited/debited to its members. Source: - http://www.nseindia.com/products/content/derivatives/equities/settlement_mechanism.htm


This is a great answer.  It's worth noting that often internal charging is commonly an issue in less clear cut situations like IT departments charging for their services - there is much less of an 'real' value that they could charge for their services to the outside world (as it is an internal service not a physical product that is relatively liquid), yet their chargeable costs gets inflated and can slow down businesses by making projects seem more expensive than they are. I would describe that as one of the most common gripes.  Also I'd argue that your latter scenario where profits are shifted around to reduce tax bills IS well understood by the top of the business, and unlikely to create a situation where divisions are mistakenly regarded as unprofitable (unless the CFO / FD is missing from all the board meetings!). It's a situation that is carefully designed by the business.


"- In a quote driven market, must every investor trade with a market        maker? In other words, two parties that are both not market makers        cannot trade between themselves directly? In a way yes, all trades go through a market maker but those trades can be orders put in place by a ""person"" IE: you, or me. - Does a quote driven market only display the ""best"" bid and ask        prices proposed by the market makers? In other words, only the        highest bid price among all the market makers is displayed, and        other lower bid prices by other market makers are not? Similarly,        only the lowest ask price over all market makers is displayed, and        other higher ask prices by other market makers are not? No, you can see other lower bid and higher ask prices. - In a order-driven market, is it meaningful to talk about ""the current stock price"", which is the price of last transaction? Well that's kind of an opinion. Information is information so it won't be bad to know it. Personally I would say the bid and ask price is more important. However in the real world these prices are changing constantly and quickly so realistically it is easier to keep track of the quote price and most likely the bid/ask spread is small and the quote will fall in between. The less liquid a security is the more important the bid/ask is. -- This goes for all market types. - For a specific asset, will there be several transactions happened at    the same time but with different prices? Today with electronic markets, trades can happen so quickly it's difficult to say. In the US stock market trades happen one at a time but there is no set time limit between each trade. So within 1 second you can have a trade be $50 or $50.04. However it will only go to $50.04 when the lower ask prices have been exhausted.   - Does an order driven market have market makers?  By definition, no. - What are some examples of quote driven and order driven financial markets, in which investors are commonly trading stocks and derivatives, especially in U.S.? Quote driven market: Bond market, Forex. Order driven market: NYSE comes from an order driven market but now would be better classified as a ""hybird market"" Conclusion: If you are asking in order to better understand today's stock markets then these old definitions of Quote market or Order market may not work. The big markets in the real world are neither. (IE: Nasdaq, NYSE...) The NYSE and Nasdaq are better classified as a ""hybird market"" as they use more then a single tactic from both market types to insure market liquidity, and transparency. Markets these days are strongly electronic, fast, and fairly liquid in most cases. Here are some resources to better understand these markets: An Introduction To Securities Markets The NYSE And Nasdaq: How They Work Understanding Order Execution"


When shipping is charged, it's often a profit center, however. At my old place of work, even a reasonable 10$ shipping charge on a small sized item would yield better profit then the item itself and it's atrocious margin (3-10%).      Large enough outfits negociate truly mind boggling deals with the delivery companies. Since we had a truck basically parked out back for most of the day constantly being filled with outgoing orders, it cost significantly less for them to ship our stuff then usual and the savings were passed on. This got even more ridiculous when we got to drop ship items from our suppliers, but still charged the customer for shipping.


In general you need to ask yourself how serious you are about tracking your finances.  If your GNUCash 'cleared' balance doesn't match your statement, it represents an error on either your part or much less likely the banks part.  Tracking down this error might be a real pain, but you will also likely learn from it.  So to answer your question - find the entry or entries that don't match and fix them.   That said, sometimes indeed this can be very tedious, time consuming and frustrating, especially if it is for a relatively small dollar amount.  Time too is money, so in these cases, the 'Expense:Adjustment' might be a reasonable approach.


Amazon to Buy Whole Foods for $13.7 Billion - Whole Foods will continue to operate stores under its brand.  By Austen Hufford - Jun 16, 2017 - Bloomberg News  Amazon.com Inc. said it would buy Whole Foods Market Inc. for $13.7 billion as the giant internet retailer makes a deeper push into the grocery space.  Amazon AMZN, +3.16%  will pay $42 a share for Whole Foods WFM, +29.11% valuing the grocer at a 27% premium to its closing price Thursday.  The deal is expected to close in the second half of this year.  Amazon’s move tanked the stocks of grocery competitors as investors worried that Amazon could do to grocery the same as it did to booksellers.  Kroger Co. shares KR, -11.56%  fell 14%, Target Corp. shares TGT, -7.63%  fell 12%, Supervalu Inc. shares SVU, -12.77%  fell 19%, Costco Wholesale Corp. shares COST, -6.51%  fell 6.2% and Wal-Mart Stores Inc. shares WMT, -5.15%  dropped 5.8%.  Amazon’s move into the grocery business comes at a time of change in the industry.  Consumers are buying more of their groceries outside of traditional supermarkets.  Online merchants, discounters and meal-kit delivery services are all grabbing market share.  At the same time, a global commodity glut has pulled down prices for many staple foods over the past 18 months, putting pressure on many retailers to lower prices.  An expanded version of this report appears at WSJ.com.  http://www.marketwatch.com/story/amazon-to-buy-whole-foods-for-137-billion-2017-06-16-91035726


First off how do you know if they are indeed a scammer? What can they really do with that? Well it depends on the scammer's skill and sophistication. Ideally with your name and address, they would probably send you mail that attempts to scam you. For example, they might send you a check but will require you to do something in order to receive that money. If this scammer is very sophisticated they can get your life's story with that information alone.


Normally you could either head down to the office supply store and pick up a copy of a tax program, or you could head over to the IRS office and pick up the instructions and forms. However, in your case you should be talking to a tax lawyer.  The unfiled taxes are bad enough but you own a business outside the USA and most likely have bank accounts also.  That brings you into the realm of FATCA.


Very wealthy people usually have an investment manager who is constantly moving money between investments and accounts. They hold cash (or cash equivalent) accounts for use in a near-term buying opportunity, for example if they believe certain stocks will go down in price soon. This amount can vary from under 1% (for a money manager with no intention of any short-term trading) to over 20% (for a market pessimist who expects a huge price reduction shortly).  In rare cases they will also hold significant cash because of a planned large purchase, but there's almost never a reason for that to exceed 1% of their net worth.


I use QuickBooks online... It's really the best out there for the price, just make sure to never upgrade to an edition you aren't 100% sure you need or you're forever stuck essentially. That's the mess I'm in right now. Paying $20 more than necessary a month, but it's still cheaper than switching to, say, xero. The starter edition of QuickBooks online is a lot more powerful than the equivalent plans anywhere else for the price.


I currently do not have an IRA (other than a rollover IRA from my 401k from a previous employer) The source is irrelevant. You have an IRA.  The reason to keep contributing is that at some point, you might transfer the pretax dollars into a 401(k) and the post tax dollars can be converted to Roth.  Other than the above, investing in a standard brokerage account (a non-retirement account) has its positives. Gains can see long term cap gain treatment, and the assets see a step-up in basis when you die.


"Because it was never about what's in it.  It was ""outrage journalism"" against something fairly innocuous.  The story was ""Moms!  Look at this gross thing they're feeding your kids!""  I'm all about knowing what is in your food.  This was completely innocuous though. 700 people lost their jobs and a person's company and life's work was nearly destroyed.  http://time.com/5978/one-year-later-the-makers-of-pink-slime-are-hanging-on-and-fighting-back/  That is not OK."


Microsoft wouldn't let computer manufacturers sell Windows licenses if they also sold other operating system licenses.  With their aggressive sales team, that was the death knell for BE/OS and OS2/Warp which got shoved into PBX software vertical market.


"> If the only function of the stock market is investment and provide capital to companies, why have a secondary market at all?  > Maybe we shouldn't, I don't know  Are you (and the 8 upvoters) for real? What do you think would happen to the ""primary"" market if initial investors had no way of converting their investments back into currency when they needed to? Seriously, this isn't fucking [rocket surgery](http://www.youtube.com/watch?v=THNPmhBl-8I)."


>irrelevant language lawyer skipping the whole point.  Hon, you're the one who is likening the situation to utilities and to people dying. Those are irrelevant to the point of uselessness, which is why you're not getting anywhere in this thread. You haven't made a single coherent argument that is actually relevant to what's happening.  >You're out of your element.  Ironic, coming from the person who didn't answer my long comment about credit card processing once I mentioned I work in the industry and put a lot of information..


glass steall is one.  getting rid of glass stegall meant commercial banks could create iou money irresponsibly through loaning and sell the loan to wall street speculators.  This drives up assets to bubble prices.  Inflation for all.


It would seem to be in your best interest to file, and that probably means that you should do all you can to get your documents back.  If you are in fact owed a refund then there is apparently no penalty to filing late.  If you instead owe taxes, you better file in any case since the fees stack up pretty fast: 5% per month after the due date up to 25% of the taxes owed.


If you enter a futures contract, it costs nothing.  So every time prices move against you, there is a margin call and you must put up some new money. Inverse ETF's use a variety of similar strategies to get their returns.  Many of these strategies may indeed require a margin call to the ETF issuer if prices move against you.  But remember the ETF did not cost nothing.  Investors contributed money in order to purchase each share of the ETF.  Therefore the ETF issuer has a big pot of money available for use as margin.  That's why the margin call never comes through to you. In a sense, you posted a ton of margin up front, so you won't have to make any additional margin contributions.  The money that will be used for margin calls is being kept in treasuries and money market securities by the ETF issuer until it's needed. If prices move against you badly enough that it looks like the ETF is at risk to not be able to post margin, the ETF would liquidate and you'd get whatever pittance was left after they exit all those positions.


I saw an article a while back that talked about how kids wrote in secret code on their Facebook walls in order to prevent their parents from seeing their true messages.   I feel like Facebook is becoming the next Yahoo where they have a lot of users but it's mostly older people who don't know there are better places out there to find information.


"You state ""Any info will be appreciated"", so here's some background information on my answer (you can skip to my answer): When I worked for banks, I was required to submit suspicious activity to the people above me by filling out a form with a customer's name, SSN, account number(s) and ID.  You may hear in media that it is $10K or sometimes $5K.  The truth is that it could be lower than that, depending on what the institution defines as suspicious.  Every year we were required to take a ""course"" which implied that terrorists and criminals use cash regularly - whether we agree or disagree is irrelevant - this is what the course implied. It's important to understand that many people use cash-only budgets because it's easier than relying on the banking system which charges overdraft fees for going over, or in some cases, you pay more at merchants because of card usage (some merchants give discounts for cash).  If someone has a budget of $10K a month and they choose to use cash, that's perfectly fine.  Also, why is it anyone's business what someone does with their private property?  This created an interesting contrast among differently aged Americans - older Americans saw the banking system as tyrannical busybodies whereas young Americans didn't care.  This is part of why I eventually left the banking system; I felt sick that I had to report this information, but it's amazing how quick everyone is to accept the new rules.  Notice how one of the comments asks you what you intend to do with the money, as if it's any of their business.  Welcome to the New America©! My answer: If you withdraw $100,000, here is what will more than likely happen: Now, watch the anger at this answer because I'm telling you the truth.  This article will explain why.  Your very question had a negative 1, as if asking what you're asking is wrong (see the absurdity)!  If Joseph Stalin ran for president in the United States, the majority of Americans would welcome him.  You have good reason to be concerned; others at this site have noticed this as well."


If everyone bought used cars, who would buy the new cars so that everyone else could buy them used? Rental car companies? Your rant expresses a misunderstanding of fundamental economics (as demand for used cars increases, so will prices) but economics is off-topic here, so let me explain why I bought a new car—that I am now in the 10th year of driving. When I bought the car I currently drive, I was single, I was working full-time, and I was going to school full-time. I bought a 2007 Toyota Corolla for about $16,500 cash out the door. I wanted a reliable car that was clean and attractive enough that I wouldn't be embarrassed in it if I took a girl out for dinner. I could have bought a much more expensive car, but I wanted to be real about myself and not give the wrong impression about my views on money. I've done all the maintenance, and the car is still very nice even after 105K miles. It will handle at least that many more miles barring any crashes. Could I have purchased a nice used car for less? Certainly, but because it was the last model year before a redesign, the dealer was clearly motivated to give me a good deal, so I didn't lose too much driving it off the lot. There are a lot of reasons why people buy new cars. I didn't want to look like a chump when out on a date. Real-estate agents often like to make a good impression as they are driving clients to see new homes. Some people can simply afford it and don't want to worry about what abuse a prior owner may have done. I don't feel defensive about my decision to buy a new car those years ago. The other car I've purchased in the last 10 years was a four year old used car, and it certainly does a good job for my wife who doesn't put too many miles on it. I will not rule out buying another new car in the future either. Some times the difference in price isn't significant enough that used is always the best choice.


"No, the best you can do is (probably) determine the bank, from the sort code. using an online checker such as this one from the UK payments industry trade association. Revealing the name of an account holder is something the bank would typically require a warrant for, I'd expect, or whatever is covered in the account T&Cs under ""we provide all lawfully required assistance to the authorities"" Switching to what I suspect is your underlying problem - if this is a dispute that's arisen at the end of your tenancy, relating to the return of the deposit, then there are plenty of people to help you, for free. Use those rather than attempting your own detective work. Start with the UK government How to Rent guide, which includes links on to Shelter's pages about deposits. The CAB has lots of good info here too. Note that if your landlord didn't put your deposit in a deposit protection scheme, then as a professional landlord they could be penalised four times (I think) the deposit amount by a court, so stick to your guns on this."


"A bank may not like loaning money to you for this. That is one snag. You listed 500,000-600,000$ for a monster of a house (3000 sqft is over three times the average size of homes a hundred years ago). Add in the price of the land at 60K (600K divided ten ways). Where I live, there is a 15% VAT tax on new homes. I can't find out if California imposes a VAT tax on new homes. Anyway, returning back to the topic, because of the risk of loaning you 660K for a piece of land and construction, the bank may only let you borrow half or less of the final expected cost (not value). Another huge snag is that you say in a comment to quid ""I came up with this conclusion after talking to someone who had his property built in early 2000s in bay area for that average price"". Let's apply 3% inflation over 15 years to that number of 200$/sqft. That brings the range for construction costs to 780K-930K. Even at 2% inflation 670K-810K. Edit: OP later expanded the question making it an inquiry on why people don't collaborate to buy a plot of land and build their homes. ""Back in the day"" this wasn't all that atypical! For example, my pastor's parents did just this when he was a young lad. Apart from the individual issues mentioned above, there are sociological challenges that arrive. Examples: These are the easy questions."


"Yes these are the number of shareholders that are not held in ""street name"" plus the different brokerages that hold the shares in ""street name"".  So the stat is pointless since it really only lists the few people who own the stocks outside of a brokerage account and a bunch of wall street brokers."


"Add me to the circle too. My yearly ""merit"" raise is my COLA raise and getting training funds to attend a recertification class or conference is like asking for money to go to Mars. They'll drop $50 on a refresher CBT no questions asked though."


I'm at our Localbee's for very specific reasons. Not the least of which is that it does monster business, the GM has been there for 20 years and has one of the best kitchen managers I've ever worked with.   People keep saying the food sucks and is too expensive (burgers are $10-12 btw not $12-$15 and not counting $6.99 Burger Monday) but I still say the food's only as good as the people cooking it. And the good people are really hard to find.


The principle behind the advice to not throw good money after bad is better restated in economics terms: sunk costs are sunk and irrelevant to today's decisions.   Money lost on a stock is sunk and should not affect our decisions today, one way or the other.  Similarly, the stock going up should not affect our decisions today, one way or the other.  Any advice other than this is assuming some kind of mispricing or predictability in the market.  Mispricings in general cannot be reliably identified and stock returns are not normally predictable. The only valid (efficient markets) reason I know of to allow money you have lost or made on a stock to affect your decision today is the tax implications (you may want to lock in gains if your tax rate is temporarily low or vice versa).


"Good strategy for a start. I think Milo is nearly done right now being ""famous"" or ""productive"". He's for sure taken a backburner to the presidency so even if he came with something more outrageous most people are focused elsewhere. Also people have gotten tired of his BS so publishers aren't picking him up and schools aren't allowing him to speak. Yes it creates a scene but now the scene is more legal,  not riots with big news coverage."


http://www.economist.com/node/654077  There is a strong correlation but it is not a perfect one. Only 4% of dynasties survive 4 generations.   John Rockefeller was a rich man and his descendants are paupers.   https://www.earlytorise.com/how-the-worlds-richest-family-went-broke/  The father builds, the son maintains, the grandson destroys.


While the US tax code does not directly impose an obligation to pay estimated taxes, it does impose a penalty on individuals for failure to pay enough taxes either through withholding or estimated tax. USMTG Anyone can choose how s/he wants to pay their taxes but they better deal with any consequences of not paying them instead of just complaining about it like most people do. Most people get the hatred towards the IRS but most complaints are misdirected and should be directed towards Congress who creates and messes around with the US Tax Code. Some people actually do not make estimated payments and pay any possible taxes with their returns knowing that there may be underpayment penalty. For those people, the penalty is relatively small compared to what they can do with the cash over a year's time (i.e. investing or paying down debt). It's their choice!


Low volatility trading tends to be a hallmark of the late summer as Wall Street by and large goes on summer vacation. When all those traders and hedge fund managers return to work full-tilt in September,  the market tends to become more volatile - either upwards or downwards. If you are wondering why these months have been particularly poor relative to others, than I don't think anyone knows the reason why.


>I'm saying in a public context, your consensus mechanism is either proof of work or proof of stake,  and both require a blockchain native currency.   There are other proofs, such as proof of service and proof of authority. The former also requires a cryptocurrency. The latter does not - by requiring that you trust the eligible authorities.


That's assuming the assets are owned by American taxpayers (investors are more and more international), and that the tax will be paid; the big players (hedge funds, pension funds, corporations owning large chunks of other companies, UHNWI) won't.   I can only imagine that in his dictatorial mind, the government somehow owns these companies... He might actually start worrying his fans by sounding like a communist!


I don't know that.  I know mine has a great mobile app where I can deposit a check online.  And all the smaller banks I've seen dont build their own sites or apps, they white label generic ones from common vendors.


In planning to buy a house, and sort out how to handle the costs of some initial renovations, I've been considering using Lowes and Home Depot credit cards (hopefully this will count differently than the typical credit cards I think you're referring to): http://www.homedepot.com/webapp/wcs/stores/servlet/ContentView?pn=Credit_Center&langId=-1&storeId=10051&catalogId=10053 http://www.lowes.com/cd_Credit+Card+Accounts+from+Lowes_781778798_ You should definitely read the fine print first, as the interest rates can shoot up after the first 6 months if you don't pay the balance in full on some of them. Also, Lowes has a project card that gives you the 6 month no interest (only a minimum payment), and you don't have to pay off the full balance at the end.  This one even has more reasonable rates, so this could be a good way to go.


Lyft doesn't encourage you to sit in the front anymore and it's been that way for a while. Also many drivers drive for both. I like Lyft (used them consistently for 3 years) but I'm a sucker for SPG points so Uber it is.


"Of course! The Marshall plan helped, but if you check, it was a very small amount compared to the billions wasted today on ""nation building"" in countries that there's zero chances they will or are willing to build their nation."


"The iShares Barclays Aggregate Bond - ticker AGG, is a ETF that may fit the bill for you. It's an intermediate term fund with annual expenses of .20%. It ""seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Barclays Capital U.S. Aggregate Bond Index"""


>Correct. However, consumers do want to have a conversation with employees who do give a damn.  This is true, but that's not something I associate with Foot Locker. I have a couple of local shops that I associate with that kind of advice and they're usually busy. Foot Locker either needs to stay price competitive with online direct sales, or improve their staff training so that people want their advice.


You can create a PIN to file electronically at the link below: http://www.irs.gov/Individuals/Electronic-Filing-PIN-Request  Perhaps for the first issue, are all boxes and lines filled out correct? Did you correctly add your W2?


This will probably require some explanation from you on the source of the money and the reasons for the transaction. Cash transactions over $10k will be reported by the bank (in this case) on a CTR report to FinCEN. Keep in mind, mere breaking the transaction into multiple smaller ones in order to avoid the CTR is on its own a criminal offense. Just deposit what you want to deposit, and report what's needed to be reported. Note that if you're a US tax resident - these foreign bank accounts must have been reported already to FinCEN via FBAR, if not - you should expect a very nasty audit with the IRS.


Be sure to consider the difference between Roth 401K and standard 401K. The Roth 401K is taxed as income then put into your account. So the money you put into the Roth 401K is taxed as income for the current year, however, any interest you accumulate over the years is not taxed when you withdraw the money.  So to break it down: You may also want to look into Self Directed 401K, which can be either standard or Roth. Check if your employer supports this type of account. But if you're self employed or 1099 it may be a good option.


As an option?  Isn't it already an option?  I mean, I could have sworn I have some apps set that way in my iPhone right now.  Maybe they're switching things to that being the default setting applied when an app requests your location?  My assumption is that currently it applies the Always option when an app asks for your location the first time ... and then you have to go into privacy settings to downgrade it to only when using app.  This might flip that logic - which would be a good idea IMO.


Unfortunately, the money that is not vested is not yours.  It belongs to your employer.  They have promised to give it to you after you have been with the company for a certain length of time, but if you aren't still with the company after that time, no matter what the reason, the money never becomes yours. Sorry to hear about this.  It would have been nice if your company had waived the vesting requirement like this guy's employer did, but I don't think they are required to do so, unfortunately. If it's a lot of money, you could ask an attorney, but as @JoeTaxpayer said, AT&T and IBM probably know what they are doing.


"HypoVereinsbank (member of UniCredit group), a few savings banks (""Sparkasse"") and VR Banks offer cash (bill) deposit machines.  However, it can take a few business days until the deposit is credited to your checking account, which has to be with the same bank. Google for ""Bargeldeinzahlungsautomat"" (=cash deposit machine). As Duffbeer stated correctly, HSBC Trinkaus which is the German arm of the HSBC group does not operate any ATMs in Germany. In addition they do not share the same bank accounts. So I would recommend going with the classic banks mentioned above."


Assuming you are Resident Indian. As per Indian Income Tax  As per section 208 every person whose estimated tax liability for the year exceeds Rs.   10,000, shall pay his tax in advance in the form of “advance tax”. Thus, any taxpayer   whose estimated tax liability for the year exceeds Rs. 10,000 has to pay his tax in   advance by the due dates prescribed in this regard. However, as per section 207, a   resident senior citizen (i.e., an individual of the age of 60 years or above) not having any income from business or profession is not liable to pay advance tax.   In other words, if a person satisfies the following conditions, he will not be liable to pay advance tax:   Hence only self assessment tax need to be paid without any interest. Refer the full guideline on Income tax website


Look at the how the income statement is built. The stock price is nowhere on it. The net income is based on the revenue (money coming in) and expenses (money going out).  Most companies do not issue stock all that often. The price you see quoted is third parties selling the stock to each other.


In this time of relentless competition where a number of organizations are attempting to make their presence and quality felt, having an edge over your rivals is tremendously basic for survival. Business visionaries are very much aware of the cost ramifications of maintaining a business. For them who are hoping to take their new business to the market, the most extreme cost is the underlying set up. Besides this there are other running costs that can really make them insane


I agree I made my example very simplistic and other more sophisticated methods can be employed.  I was just trying to create simple illustration that these laws can be (and are) abused.  I don't believe BK laws were originally intended (the Spirit of the Law) for these mechanisms.  While not illegal I do think it's unethical.


Yes. Using debt appropriately is a huge part of what's called optimal capital structure theory in the finance world. Debt is generally cheaper than equity financing due to the tax deductibility of interest and using it appropriately can really juice the profitability of a business as long as the rate of return on equity in the business exceeds the interest rate on the debt.


I disagree. We had significantly less debt during the opening stages of WWII than we have now. I have no doubt that if we had more debt back then it would have factored into our contribution to the war effort, just as our current level of debt is factoring into our contribution to the powder keg sh*t basket that is the middle east right now.  That's my point! You can't create infinite money, so if you've already created a crap ton of money, it will affect your decision to create another crap ton of money!  Idk whether it's a straw man or not but we both think the govt can do more. If you disagree with me that there are limits to how much the government can spend, then I am just at a loss, honestly. I want to know, concretely and in precise terms, what the limits are in real time so that we can adjust our policy response accordingly


Just type in the forms as they are, separately. That would be the easiest way both to enter the data without any mistakes, and ensure that everything matches properly with the IRS reports.


Because people trade currency in exchange for goods and services. They can easily prevent competition by violent means or by having control of the market through market share. Price can be controlled by the threat of super low prices in order to drive out competing businesses.


WSJ reported they bought them through a broker, the seller was the central bank. The central bank also reported a $700m increase to its USD holdings shortly after. Whether GS knew that the seller was the central bank or not is another question entirely, one that their compliance department is reportedly looking in to.


Reg. tripling subscriber base. Foreign markets: we here in Israel got Netflix last year with very limited content. All the content that was already marketed by our existing cable companies was blocked. I believe there is lots of room to grow here. Of course, we are  a small country but we also represent lots of other countries....


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Unfortunately economics (and accounting for that matter) won't help much with being an entrepreneur.  The main thing you need to focus on is cash generation - you need to maximise this. There are 2 aspects: revenue and costs.  You need to plot these over the last 5-10 years to see trends.  What is happening to revenues Are they growing with inflation?  If not, why not?  Is it because people are buying online?  Is it because the products are not fashionable? Is it because people simply buy less jewelry these days?  Have the cost of the products gone up but the shop hasn't increased prices (i.e. gross margin contraction).  Decreasing gross margin could also be an indicator that someone is stealing from the business.   What about the overhead costs of running the business?  What has happened to rent, salaries, insurance?  Look for any unusual trends.    In summary: first you need to identify where the problem is, and to do this you need to look at the trends of revenues and costs (break costs down into categories).


Okay. They're faster than most other computers. They either have a dedicated fiber line or are physically closer.  But anyways, they flood the NYSE with tons of orders to slow it down. So they see another broker's order in the line up and delete the bogus orders. They can then make the purchase faster than the other guy. The other guy now has to pay a higher strike price than he initially thought the bid would be.   So let's say Apple's quote is 1.00  They send one order for apple  One for IBM  One for Yahoo  One for NBC Comcast  They see another guy wants Apple. So they cancel the orders for IBM, Yahoo and NBC Comcast and leave the Apple one to complete. The Apple one goes through and then they automatically resell it to the guy looking to buy Apple at a price of 1.0001  TLDR  They flood a bunch of orders at a bunch of different prices/quantities. They cancel before it goes through unless they see someone else wants it. If that person wants it they don't cancel.  edit: I don't even know if all or any of those stocks are listed on the NYSE. In today's world it doesn't make a difference anymore. However, replace NYSE with any exchange and the stock with any ticker symbol.  edit 2: They could also manipulate cross listing. Listing the same stock on two different exchanges. Those prices are mostly uniform but of course higher volume on one could mean a higher price on one before they stabilize. So if you can move fast you can buy the stock at the lower price and sell it on the exchange with the higher price.


Forgive me if I was not clear enough. I'm saying it should never be forced on a non business entity via contract or any other means. However, it can be a valid tool between businesses, and there may be cases where it is preferable (advantageous in some way to the non business entity) to bring the case to arbitration. That is why I am hesitant to outright ban it (it be arbitration).


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While I do legitimately appreciate your sentiment, I think that in consideration of the larger context of evidently widespread corruption, it is fair to be frustrated at certain kinds of madness. There is sometimes a reason for it, and most executives are in fact highly intelligent people. But we can't help but wonder how much ill could be avoided if it weren't for some greedy or careless individuals, as the case may be.


When I read Lukacko's comment, I assumed he was referring to the managers of the (failed) big banks as being unproductive, nowhere did I see him claim the poor were at fault.  Obviously, one of us is misreading his comment. I suspect it's you.  You see, the managers of the big banks failed. The Government responded by throwing money at them. They are *still* failures. They are *still* losing money (see: JPMorgan). Throwing money at them didn't solve a damn thing, did it? It only made the problem worse.


As to the rollover question.  Only rollover to a ROTH if you have other funds you can use to pay the taxes you will be hit with if you do that.  DO NOT pay the taxes out of the funds in the 401k. If you don't have a way to pay the taxes, then roll it to a traditional IRA.  You never want to pay the government any taxes 'early' and you don't want to reduce the balance. beyond that, A lot depends on how long you figure you will be with that company.  If it's only a few years, or if you and other employees can make enough of a fuss that they move the fund to someplace decent (any of the big no-load companies such as Vanguard would be a better custodian), then I'd go ahead and max it out. If you figure to be there for a long while, and it looks like someone is in bed with the custodian and there's no way it will be changed, then maybe look to max out a Roth IRA instead.


If you are downloading the app from legit stores [Apple store, Google Play], then it is fine. Adidas is indeed running a campain to get more users download the app and get exclusive shoes that they don't intend to sell in retail market. The adidas strategy seems to make the product exclusive and available only to individuals. Note you have to be in person and show photo ID at the adidas retail outlet, pay and pick-up the shoes. One can only register once per phone number. The reservation is random, first come first reserved. The person on facebook is trying to circumvent this by having quite a few people download the app and book. He is then looking at buying this from you. Not sure what would the price of shoes be and is the 350 EUR in addition to the price of the shoes that you need to pay the store. I couldn't find about Paris, but there were similar campaigns in US last December. WHY DO I HAVE TO REGISTER IN THE CONFIRMED APP? In order to have a   chance to get a reservation through adidas Confirmed you need to sign   up in the app. If you are able to get a reservation, we will use this   information (plus your photo ID) to verify your identity when you pick   up. WHAT ARE THE STEPS TO MAKE A RESERVATION?   STEP 1: Create an account in the app, verify through SMS, and enable location services and push notifications.   STEP 2: Follow @adidasoriginals on Twitter to learn when reservations open.   STEP 3: Once the reservation period begins, open the app and navigate to a product page to select your size and confirm your reservation. You must be located within New York City, Chicago, or Los Angeles areas to participate.   STEP 4: If you get a reservation within adidas Confirmed you will receive a retail location and timeframe for pickup within the app.   STEP 5: Go to the designated location to complete purchase and receive product.


"It seems like a more commonly recurring issue on Reddit that people are referencing logical fallacies without really understanding them.  For reference: ad hominem attacks are personal attacks. They are person specific. You cannot make an ad hominem attack against a group of people, such as the poor.  Straw man attacks are when an argument is changed to something that it is not and then beaten down. It skews the topic at hand to something it is not.  When I make an assumption, clearly state it, and then ask a question based on it with the words ""if yes"", it is not a straw man by any definition. I was attempting to expand the argument to see how you view the rich vs. poor because the vast majority of arguments in favor of helping the poor come with the caveat that the rich should pay that price. A higher minimum wage is an example of that. Those greedy business owners need to pay it, am I right??  I would suggest that you do not refer to these logical fallacies until you fully understand them.  >paint me as some guy that just ""doesn't understand how the real world works.""  This is basically the problem with your source, your arguments, and your personal position. You mention that you worked through high school and college. You didn't mention managing people, but even if you did I would be surprised if you managed long-term minimum wage transients. The kind of people who never rise above it. The majority of the workers around you probably were doing much what you did: using the job as a stepping stone.  Your source mentions most people are ""willing to work"", yet states that 46% are child care workers and 48% are home care workers. Do you know why? The government will pay relatives who get a simple home health care provider license to care for relatives who are on Medicare. Thus, their grandma requires ""care"" and their daughter or grandchildren provide said care for a fee paid by the government. The US government is literally paying people to take care of their family. It is relatively the same with child-care. It's disgusting.  That article is making the argument that they want to work. I don't think taking a part-time job caring for your family denotes a will to work. I build low-income housing. I actually deal with the tenants who do this kind of work on a personal level. You could not convince me that a 26 year old with two kids from two different fathers who on occasion provides ""care"" to their family members has a will to work. I see their daily lives. How does the government even check to see if the care is being provided? Is grandma going to lie? Nope...  I can assume that you don't manage minimum wage employees because it is nearly impossible. Good labor refuses to work at that price. The market is much higher. Depending on the job it is usually double or triple. The cleaning guy at my apartment building makes $12 an hour. I've paid minimum wage. The only people I pay that are day laborers, most of which have serious problems in their lives and even then it usually is more. Hell, I've seen a guy from the neighborhood pay as low as $25 a day to people looking for a fix.  You are constantly arguing that I look down on these people. It's not entirely wrong, but it's not about the wage. I am very friendly with the staff at the local McDonalds in one of the ghettos of Houston. The manager is a really nice guy. I asked him why certain positions kept turning over. He complained that it was hard to find people and he kept having employees no-show. This is minimum wage and they can't even show up. Do you really believe that people want to work when simple positions that require no skill cannot be filled?  You make it seem as though I am assuming the worst. It's quite the opposite. I am incredibly optimistic and giving, but with many people in the US it doesn't matter. You just don't see it on the day to day. You read a study that is incredibly biased and take it to the grave. There are many, many people in the US who do not want to work. They rely on government subsidies and refuse to improve their own lives. It will always happen, it's just a matter of what the government will try to do about it next.  *I forgot to mention. Houston has built more homes in the last 5 years every year. Houston almost built more single-family homes than the entire state of California in the year 2014. Thus, my painter is leaving one of the largest construction markets in the US to go to Seattle because he can't find people to paint a building."


I assume you're posting like an asshole because you've recently lost weight, and there's some sort of psychological consistency thing going on. Did you read the article, you should be aware that you're likely going to feel as if you're starving for several years at best.   For example - many years ago I too lost significant weight (~70 lbs), and kept it off for a long time. Once I assumed I was in the clear a couple of years later and stopped tracking my diet, it slowly started creeping back (maybe +5 lbs/year, almost imperceptible). I find nowadays that if I don't log literally everything that goes into my mouth and weigh myself daily, I inevitably gain weight. That was a lesson that was not easy to learn, and is not part of any diet program I've ever heard of.  Point is - you don't know what you're talking about until you've kept significant weight off for a couple of years. In the mean time, you should chill the fuck out, because when you have a better perspective your current attitude will seem embarrassingly stupid.


"Yes. The US Mint has a deal where you can buy dollar coins for face value, free shipping and can charge them to your card. They come in small boxes of 10 x $25 rolls of coins. I'm sure your landlord will be happy to accept cash for the rent.  Upon further reflection you spelled it ""cheque"" which means these coins are not legal tender for you. You might want to add your country to the tags.  Note: This 'deal' is no longer available. It was (mis)used to get points/miles on credit cards, and the coins deposited at the bank. There's now a premium to buy the coins on line."


I'm not familiar with QQQ, but I'm guessing this is something like IShares Ftse 100 (see description here)


"You have to read basically the whole article to find out how this actually works: ""The “full faith and taxing power” of communities, a solemn pledge, was being used to guarantee revenue bonds for nonessentials like solar-power projects, apartment buildings and a soccer stadium — things bailout-weary taxpayers might walk away from if the guarantees were called. "" basically they promised to raise taxes to pay off bonds."


Buy the minimum of one fund now. (Eg total bond market) Buy the minimum of the next fund next time you have $2500. (Eg large-cap stocks.) Continue with those until you have enough to buy the next fund (eg small-cap stocks).  Adjust as you go to balance these funds according to your planned ratios, or as close as you can reasonably get without having to actually transfer money between the funds more than once a year or so. Build up to your targets over time. If you can't easily afford to tie up that first $2500, stay with banks and CDs and maybe money market accounts until you can. And don't try to invest (except maybe through a matched 401k) before you have adequate savings both for normal life and for an emergency reserve. Note too that the 401k can be a way to buy into funds without a minimum. Check with your employer. If you haven't maxed out your 401k yet, and it has matching funds, that is usually the place to start saving for retirement; otherwise you are leaving free money on the table.


The menu is too big again. Mcdonald's basically created the streamlined menu when they realized no one ordered hot dogs etc at their first restaurant. We saw this problem arise 8-10? years ago., they pared down the menu and came back. Not only does the bigger menu confuse the customers but slows down service.


At this point I think city would give the Gary Airport to anyone who will take it. It's a financial burden that hasn't had an Airline since Hooters and Skybus went broke almost 10 years ago.


"My dad uses CenturyLink for internet (DSL, only option available in the ""sticks"") and uses another company for television.  I pointed out that he is paying CenturyLink over $75 a month for DSL, when it should be $12.99.  I mentioned they are charging for the entire package.  He insisted he never ordered any of it, but I just chalked it up to a mistake and got it sorted out by calling them.  Maybe he really never ordered it ...   Ugh."


"On a different note, ""94 percent of the soy and 70 percent of the corn grown in the U.S. are genetically modified.""  How many strains/varieties are these comprised of?   I cannot see scientists and engineers creating 1 dominant strain and not think about the irish potato famine or some other blight that can wipe out an entire years crop.  I do see a marketing/sales person doing this thought.  Looks like the industry is one disease away from complete collapse."


"The other answers describe why this is highly likely to be a scam. This answer describes why you don't want to get involved, even in the unlikely case that it isn't a scam.  I'm describing this using US law (which I'm not particularly familiar with, so if I go astray I'd suggest others fix any flaws in this answer), but most other countries have similar laws as these laws are all implementations of a small number of international treaties have very large memberships. The service you describe (accepting money transfers from one party and transferring them to another) is one which, if you engage in it for profit, would classify you as a ""financial institution"" under 31 USC 5312, specifically paragraph (a)(2)(R): any   other person who engages as a business in   the transmission of funds, including any person   who engages as a business in an informal   money transfer system Because you would be acting as a financial institution: Failure to follow such requirements can lead to a fine of up to $250,000 or a 5 year prison sentence (31 USC 5322). See also: Customer Identification Program and Know Your Customer."


"There are no ""on-line"" banks in Israel. There were various attempts to create something that would look like an online bank (HaYashir HaRishon comes to mind, Mizrahi did something similar recently), but that essentially is a branch of a brick and mortar bank (Leumi and Mizrahi, respectively) that allows you online management and phone service instead of walking into a branch, not a replacement for a traditional bank. Thus there are no significant operational savings for the banks through which they could have afforded higher savings rates. I agree with the other responder that the banking system in Israel is very well regulated, but I agree with you also - it is not competitive at all. That said, at the current inflation rate and the current strength of the currency, the 2.02% that you have is actually pretty good. Israel has no interest in paying high rates on incoming money since its currency is too strong and it hurts exports, so don't expect much at home on this issue. Opening an account outside of Israel poses a different problem - tax reporting. You'll have to file an annual tax return and pay your taxes on the interest you earn, something most Israelis never have to do. That will cost you and will probably eat up much, if not all, of the gain. Also, currency fluctuations will hurt you, as no-one will open an account in Shekels outside of Israel and you'll have to convert back and forth. In fact, the first thing to happen when the rates in Israel go up would be for the currency to go down, so whatever you might gain abroad will disappear when you actually decide to move the money back. And you will still be taxed on the interest income (can't deduct capital loss from interest income). Your options, as I see them, are either the stock market or the bonds market (or, more likely, a mix). In Israel, the bonds similar to the US T-Bills (short term bonds) are called ""makam"" and you can either invest in them directly or through mutual funds. These are traded at TASE and can be held for free (banks are not allowed to charge you for holding them). They're taxed at lower rates than capital gains (15% vs 25%). During the times of low interest these may provide much better alternative than bank savings (pakam)."


It varies highly on industry, regulations and locale. Say you are a US based manufacturer of industrial products in Pennsylvania (as an example), you may only have 500 employees, but to be compliant with EVERYTHING, you might need 12 HR people to track everything, actually do all the required training, followup on the failures, file all the required paperwork for all the various regulatory and legal bodies they are beholden to, etc...  If you are service company out of Alabama that is the same size, you might have a LOT less to worry about and could outsource the entire thing for less than the cost of a FTH.


Services exist that allow you to forward mail anywhere or pay bills on your behalf. A friend who travels constantly for work uses a service that receives his mail (at a street address), scans and shreds most items, and forwards packages as he requests. Make sure that you understand what your state considers legal or illegal.