You want CFP or CFA who is also a fiduciary, meaning that by law they have to put your interests ahead of their own. Financial planners who are not fiduciaries can, and often do, recommend investment vehicles that earn them the most commission with little regard of your financial goals. If you already have $500,000 to invest and racking up $100,000 a month you probably qualify for most institutions private client programs. That means that the firm/advisor will look at your financial situation and come up with a custom-tailored investment plan for you which should also include tax planning. I would start with whatever financial institutions you already work with - Schwab, your bank etc. Set up a meeting and see what they have to offer. Make sure you interrogate them about their fees, their licenses/certifications and above all if they are a fiduciary.


This is a very good question and is at the core of corporate governance.  The CEO is a very powerful figure indeed. But always remember that he heads the firm's management only. He is appointed by the board of directors and is accountable to them. The board on the other hand is accountable to the firm's shareholders and creditors. The CEO is required to disclose his ownership of the firm as well.  Ideally, you (as a shareholder) would want the board of directors to be as independent of the management as it is possible. U.S. regulations require, among other things, the board of directors to disclose any material relationship they may have with the firm's employees, ex-employees, or their families. Such disclosures can be found in annual filings of a company. If the board of directors acts independently of the management then it acts to protect the shareholder's interests over the firm management's interest and take seemingly hard decisions (like dismissing a CEO) when they become necessary to protect the franchise and shareholder wealth.


If you give me $216k to trash my credit report, I'll take it every time. People place too much value on the ability to borrow rather than having cash up front. I never pay interest (I do use a credit card and pay it off every month).  Why would you need to borrow money if you effectively got handed $200k? Of course, if your networth went from -$200k to 0, you are still broke. But considering that you were in that situation in the first place, the inability to borrow money may be a good thing.


60 Minutes is just reporting this now?  Been going on for years & years.  In the Silicon Valley tech industry, the jobs themselves are outsourced to Infosys, Wipro, TCS, or similar who hire & manage the H1-B visas.  Apple, Facebook, PayPal, Mattel, utility companies; yep they all do this.


I loved the mail DVD stuff to so long.  Bought stock at 7 and told my family to also since at minimum I thought DVD stores were going down.  Then I felt bad and got nervous when it dropped to $4.  Should have bought more at both points.


Yes, one is certainly better than the other. Which one depends on your priorities and the interest and tax rates on your student loan, your savings, and your (future) mortgage plus how much you can afford to save and still enjoy the lifestyle you want as well as how soon you want to move out. Basically, you havn't given enough information.


There's also the added problem of the fact that it costs 8 cents to manufacture a nickel so there's some uncertainty about how much it'll actually save. With more transactions moving electronic, this will be a much less of an issue over time.


neobudget.com is a website that does exactly what you are describing. It is set up for electronically using the envelope system of budgeting.   Disclosure: neobudget was founded by a former coworker of mine.


Besides, if you don't like how your Credit Union is investing your money, you can always agitate for change by asking members to change the board that governs it. Being a member of a Credit Union gives you a vote on how the institution runs itself.


The home owner will knock 20% off the price of the house. If the house is worth $297K, then 20% is just a discount your landlord is offering.  So your actual purchase price is $237K, and therefore a bank would have to lend you $237K. Since the house is worth more than the loan, you have equity.  20% to be more accurate.  Another way to say is, the bank only wants to loan you 80% of the value of the item securing the loan. If you default on day one, they can sell the house to somebody else for $296K and get a 20% return on their loan. So this 20% you are worried about isn't actually money that anybody gives anybody else, it is just a concept.


You create par levels for everything in the restaurant with set ordering times. For example at my pizza place we order everything except produce on Wednesday nights and Saturdays with deliveries coming Monday and Friday. Order produce so any vegetables and fruit we use on Tuesday Thursday and Sunday. Everything in the store has a shelf life and is labeled with the date it came into the store. Once you have expected product usage you just adjust to the projected sales volume so you don't run out or over order product. Also FIFO is and important part of managing food cost. Always make sure that the oldest product is used first. Let me know if you have any other questions.


"Additionally, the original commenter I was responding to was making an argument that ""they don't make money therefore they're a failure"", which isn't a bad argument to make if you're talking about *revenue*.  Companies that make no revenue are generally considered to be failures, so in that context, he would be correct to say ""they're a failure because they make no money"", and you wouldn't really need any other points to back up your argument.  That being said, plenty of businesses, start-ups especially burn through more money than they make. The lack of profit doesn't necessarily make them a failure provided they are still generating revnue, which Tesla is, and a lot of it.  So, if you'd like to have a discussion about whether they're making *enough* *revenue*, or whether they're poorly re-investing the *revenue* they are making, and how those factors might determine whether or not they should be considered a failure, then I'd be happy to participate.  But if you're only interested in making replies that try to condecend to me because you're too quick to jump to conclusions about what I've written, then have at it I guess. Whatever floats your boat."


http://www.moneysupermarket.com/shares/CompareSharesForm.asp lists many. I found the Interactive Investor website to be excruciatingly bad. I switched to TD Waterhouse and found the website good but the telephone service a bit abrupt. I often use the data presented on SelfTrade but don't have an account there.


How are shareholders sure to receive a fair percentage of each company?  At the time the split occurs, each investor owns the same proportion of each new company that they owned in the first.  What the investor does with it after that (selling one, for example) is irrelevant from a fairness perspective. Suppose company A splits into companies B and C.  You own enough stock to have 1% of A.  It splits.  Now you have a bunch of shares of B and C.  How much?  Well, you have 1% of B and 1% of C.  What if all the profitable projects are in B?  Then shares of B will be worth more than those of C.  But it should be the case that the value of your shares of B plus the value of your shares of C are equal to the original value of your shares of A.  Completely fair.  In fact, if the split was economically justified, then B + C > A.  And the gains are realized proportionally by all equityholders. Remember, when a stock splits, every share splits so that everyone owns both companies in the same proportion as everyone else.  Executives don't determine what the prices of the resulting companies are...that is determined by the market.  A fair market will value the child companies such that together they are worth what the original was.


If you haven't shown that you are capable of handling this job right from day 1, firms most likely won't give you the benefit of the doubt.  That's not a new problem. I wouldn't even say it's a problem. If you want to get into a specific line of work, you need experience like internships or high grades.


"It's not impossible to forecast the future price of a commodity. However, it's exactly that; an educated guess, much like the weather, and the further out that prediction is made, the higher the percentage error is expected. A lot of information is gathered by various instruments, spotters etc at a very high cost of time and money, to produce a prediction that starts breaking down after about five days and is no more than a wild guess after about ten. How accurately a price can be forecast depends on the commodity. There are seasonal and thus cyclical changes in many commodities, on top of which there is a general trend which is nearer term. A pretty decent prediction can thus be arrived at with a relatively simple seasonally-adjusted percentage change algorithm; take a moving average of the last few measurements, compute the percent change versus the same period last year (current minus last divided by last) and multiply it by last year's number for the current day or month to arrive at a pretty decent prediction for the current and near-future periods (up to about as far ahead as you have looked behind). Another thing you may need to do is normalize. Many price graphs are very jittery; the price of a stock may fluctuate many percentage points on a single day, and there's a lot of ""noise"" inherent in them. A common tool to normalize is a box-and-whisker plot, which for a given time period will aggregate all samples within that period, and give you a measurement of the lowest sample, highest sample, median, and quartiles (the range of each 25% of the full sample space). Box plots can also be plotted on the ""interquartile range"" or ""middle fifty""; this throws away the very noisy outliers and constructs a much more regular plot from the inner part of the bell curve. You can reverse-engineer a best-fit line connecting the elements of each box, and the closer two lines are, the more likely the real future data will be around that area (because the quartile between those to lines is very dense; 25% of the values are in a very small range meaning many samples occurred there). Lastly, there are outside factors that are not included in simple percentage growth. Big news must be taken into account by introducing more subjective guesses about future data. If you see an active hurricane season coming (or a hurricane bearing down on Galveston/Houston) then it's reasonable to assume that the price of oil and/or refined oil products (like gas and jet fuel) will skyrocket. A cyclical growth model will not predict these events, but you can factor in the likelihood of a big change with a base onto which you add last year's numbers, and onto that you add regular growth. Conversely, when a huge spike happens due to a non-cyclical event like a natural disaster, you must smooth it out by reducing the readings to fit in the curve, otherwise your model for next year will expect the same anomaly at the same time and so it will be wrong. These adjustments are necessary, but the more of them you make, the less the graph reflects real history and the more it reflects what you think it should have been."


Its really not that hard to get.  Takes a month or two to study to pass it.  Realize though that if you are going to get the series, you are pegging yourself as a sell side roll.  If you are attempting to go buy-side, then you may want to look at different certifications (being a CFA level 1 candidate).  If you have time to burn though, get it, its a good education and a good intro to the world of finance and its not that hard to get.  Hope this helps.  Edit: also realize that if you do get it, and a company sponsors you, if you leave the firm, you have 2 years before the series expires, which means you gotta use it, or lose it.  As I recall, I may be wrong...but I have heard you can 'park' your series at a firm which will pay the FINRA / SEC fees for you.  But I believe they outlawed this practice.


I agree with harmanjd – best to roll it over to an IRA.  Not only does that afford you better control of your money as pointed out already, but: If you choose your IRA provider wisely, you can get an account that provides you with a much wider array of investing choices, including funds and ETFs that charge much lower fees than what you would have had access to in an employer 401(k) plan. But here's one thing to consider first: Do you hold any of your previous employer's stock in your old 401(k)?  There are special rules you might want to be aware of.  See this article at Marketwatch:  If your 401(k) includes your company's stock, a rollover may be a bad move. Additional Resource:


"Compare the first part of the statement, ""constant growth can only make most of us poorer"" with what is supposed to be evidence of that (ridiculous) claim.  Just because people are worse off (which isn't actually true if you aren't measuring things only in money) doesn't mean it *has to* work that way.  This is such a short run analysis and it is just so ridiculous my head is seriously about to explode.  Why not say, ""Since 1914 we have had consistent growth and everyone is better off for it"".  I hope that people this stupid never get any sort of political power because they are truly the destroyer of things."


I've not heard it used in any way other than one's net worth reaching a million.  No 30 yr old lawyer brags that his cumulative income just passed $1M because he may not have saved a dime of it.


You don't need to recharacterize. If you are married and your spouse is covered under a work retirement plan and you are not  the AGI limit in 2013 for folks that are married and filing jointly is $178,000 before the phase out begins. That was raised to $181,000 for 2014. A quick call to the broker/bank where your IRA is should confirm this.


"The VDE fund is an energy fund so this is a function of recent price changes in oil (and gas, coal, &c).   For example. Lets say last year when oil was $100 per barrel a bunch of companies saw a good return and put $ 100 million into a bunch of leases, boreholes, pumps, &c to return $10 million per year, and the market says yeah, they're all together worth 100M. Now oil is less, maybe $40 per the link.  These exploration companies don't have a lot of labor or variable costs; they are operationally profitable, may have ""use it or lose it"" leases or minimum pumping requirements for contract or engineering reasons.  Lets say the cash flow is 7M so the market values them at 70M.  They still have about 100M book value so here we are at .7 and I believe the scenario in the question.  Nobody would invest in new capacity at this oil price.  The well equipment could be repurposed but not the borehole or lease, so the best use is to continue pumping and value it on cash flow.  If an individual well runs negative long enough and goes bust, either a different pumper will pay the minimum price that gives profitable cash flow, or that borehole that cost millions to dig is shut off and rendered valueless.  The CNBC article says some explorers are playing games with debt to maintain yield, so there is that too. In the ETF, your bet is that the market is wrong and oil will go up, increasing future cash flows (or you like the current yield, taking on the risk that some of these oil explorers could go bust)."


"Ultimately, it's a race to the bottom. People don't want to admit this, but the US is on its way out. We had a solid thing going for us but our government went for sale/got bought out by CEOs/lobbyist who had ties to other CEOs who just wanted to maximize profits. This started a trend of always needing to make more money every year. That's unsustainable, and it affects every common person. Anyone from poor to upper middle class. That's a lot of the US's population. This has created a class gap and it's all snowballing. This country runs on a system that exists to only benefit the rich. We need heavier taxes and heavier/extreme fines on the people who manipulate the system and legislate laws that negatively impact the population. I.e: Wall Street executives who caused the 2008 crisis. Heavy penalties like having all their assets forfeited or maybe even taking away their citizenship and banning them from the US. Speaking of the 2008 crisis, people took advantage of that as well. They used that crisis to minimize employees and maximize work at the smallest cost, making the population feel ""lucky to have a job"". We haven't recovered from that, and another more catastrophic recession is on the way.   The US is a hollow shell of what it used to be."


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This is a joke, just like all the other settlements.  What does it mean?  This payment just symbolizes all the money they are letting go of through short sales, etc.  Their just using this payment to cover their losses.  Its not a payment, its an agreement to relieve $16Billion in debts.


"Most of the fun in going out to eat with friends is in the socializing.  So if you want to skip the overpriced appetizers+dinner+drinks but don't want to miss the fun, you can always just do the ""oh I already ate, but I'll come along and just hang out/have a drink/snack/dessert!"""


Siri isn't all that bad in my opinion and works well for what I need it to do. Maps, on the other hand, is complete garbage. It usually gets me to where I need to go, but feels very clumsy and uses tons of battery. The complete lack of data is another turnoff. Personally, I'd say that whoever decided to nix the Google Maps app is the bigger idiot. All that really needed to be done was integrate the turn by turn directions (rather than watching a tiny dot moving around).


In addition to what George said, there are other things that probably benefit Switzerland:


You may want to have a look at DiversifyPortfolio which will give you the info you want plus quite a bit more. They offer various tools all related to stock correlation and diversification. You'll be able to create heatmaps and various other charts showing stock correlations. It also has several scans which allow you to search for stocks that meet your requirements in terms of correlation to existing positions in your portfolio or to specific stocks / ETF's.


Uh - yeah, and free land. Trust me. If Bezos said that he would build in Houston, or Memphis - the cities in question would immediately sign over the deed to hundreds of acres of land at no charge.    Walmart does the same shit when the open distribution centers.


"Due to the zero percent interest rate on the Euro right now you won't find any investment giving you 5% which isn't equivalent to gambling.  One of the few investment forms which still promises gains without unreasonable risks right now seems to be real estate, because real estate prices in German urban areas (not so in rural areas!) are growing a lot recently. One reason for that is in fact the low interest rate, because it makes it very cheap right now to take a loan and buy a home. This increased demand is driving up the prices. Note that you don't need to buy a property yourself to invest in real estate (20k in one of the larger cities of Germany will get you... maybe a cardboard box below a bridge?). You can invest your money in a real estate fund (""Immobilienfond""). You then don't own a specific property, you own a tiny fraction of a whole bunch of different properties. This spreads out the risk and allows you to invest exactly as much money as you want. However, most real estate funds do not allow you to sell in the first two years and require that you announce your sale one year in advance, so it's not a very liquid asset.  Also, it is still a risky investment. Raising real estate prices might hint to a bubble which might burst eventually. Financial analysts have different opinions about this. But fact is, when the European Central Bank starts to take interest again, then the demand for real estate property will drop and so will the prices. When you are not sure what to do, ask your bank for investment advise. German banks are usually trustworthy in this regard."


Online video delivery and tracking is not new to the internet, however, it is only in recent times that web masters are waking up to the fine utility of this service. There are internet companies that specialize in uploading or hosting, if you would call it that, video you need to display on your site.


Try to cash flow as much as you can. You can work and go to school, if you replace playing beer pong with a job you'll be in a lot better off at graduation, grade wise and debt wise. Make a budget, for each month and for each semester, plan cut cost accordingly. Used books, sometimes even the next to recent version. Read this book for more info Debt-Free U: How I Paid for an Outstanding College Education Without Loans, Scholarships, or Mooching off My Parents


Clearly the semantics of the discussion are of greater importance to you. Hospitals are not directly subsidized by the government.   Medicare originated with two parts: Part A: Medicare Hospital Insurance (HI) which covers hospital / hospice costs and Part B: Supplementary Medical Insurance (SMI) which covers outpatient costs.   Part C was added later by Clinton, which set up a system of selection of health insurance through private companies, and those private companies are then subsidized by the federal government.


"A.1 and B.1 are properly balanced, but ""Business Expense"" is an expense, not an asset. The T entries should be timestamped.  The time should be equal to the time on the credit card receipts.  This will make audit and balancing easier. A or B can be used, but if the the business is to be reimbursed for personal expenses, the accounts should be renamed to reflect that fact. More explicit account names could be ""Business expense - stationary"" and ""Personal expense - lunch"" or even better ""Personal expense - cammil - lunch"".  With a consistent format, the account names can be computer parsed for higher resolution and organization, but when tallying these high resolution accounts, debits & credits should always be used. When it comes time to collect from employees, only accounts with ""Personal expense"" need be referenced.  When it comes time to collect from ""cammil"", only net accounts of ""Personal expense - cammil"" need be referenced. An example of higher resolution, to determine what ""cammil"" owes, would be to copy the main books, reverse any account beginning with ""Personal expense - cammil"", and then take the balance.  Using the entries in the question as an example, here's the account to determine ""cammil""'s balance: Now, after all such balancing entries are performed, the net credit ""Personal expense - cammil"" is what ""cammil"" owes to the business. The scheme for account names should be from left to right, general to specific."


"The decision as to what counts as income is up to the bank. You'll need to ask them whether or not rental income can be included in the total. I can offer some anecdotal evidence: when I applied for a mortgage to buy my home, I already had a rental property with a buy-to-let mortgage on it. Initially the bank regarded that property as a liability, not an asset, because it was mortgaged! However, once I was able to show that there was a good history of receiving enough rent, they chose to ignore the property altogether -- i.e. it wasn't regarded as a liability, but it wasn't regarded as a source of income either. More generally, as AakashM says, residential mortgages are computed based on affordability, which is more than just a multiple of your salary. To answer your specific questions: Covered above; it's up to the bank. If you're married, and you don't have a written tenancy agreement, and you're not declaring the ""rent"" on your tax return, then it seems unlikely that this would be regarded as income at all. Conversely, if your partner is earning, why not put their name on the mortgage application too? Buy-to-let mortgages are treated differently. While it used to be the case that they were assessed on rental income only, nowadays lenders may ask for proof of the landlord's income from other sources. Note that a BTL cannot be used for a property you intend to live in, and a residential mortgage cannot be used for a property you intend to let to tenants -- at least, not without the bank's permission."


And you don't have to yet, that's the beauty of it.  Go talk to a dean at the business school and that of the pharmacy school.  You are not alone in this struggle.  Classses in the beginning are mix and match so there is not business themed.  Think freshman sophomore none electives in HS


"Proverbs 11:14 states: ""For lack of guidance a nation falls, but many advisers make victory sure."" Asking here is a good start.  You'll (hopefully) get a few opinions."


NAVIENT is ripping off borrowers by making it difficult to increase your monthly Autopay amount to be above the minimum that they set.  NAVIENT gets more interest this way.  We have had several student loans with our kids and the other lenders make it easy to increase the amount.  SALLIE MAE was terrible and NAVIENT replaced them.  They are the same - they will get away with whatever they can to get more money out of borrowers. Student loans were not supposed to be a huge money maker for institutions like them.


A credit on your account generally means that they owe you money. There could be several reasons for this: The pay button is generally always visible, even if you have a credit on your account. This gives you the option of prepaying your bill, if you choose, and also allows you to pay your bill if there is a database problem and the website is showing you the wrong total.  However, individual companies design their websites in different ways and use different terminology. I recommend a quick call to the energy company. They can tell you if you owe anything.


It’s actually become a problem.  To raise taxes above that threshold requires a public vote.  My city just raised them with a referendum for the schools.  It’s pretty difficult though, and it definitely forces legislators to need the money for something voters want.


"If she reported the income on the business return, I'd treat this as a ""mail audit"". Try to get a clear statement from Square confirming what they reported, under which SSN/EIN, for what transactions. Make a copy of that. If at all possible, get them to send a letter to the IRS (copy to you) acknowledging that they reported it under the wrong number. Copy the IRS's letter. Square's letter, and both personal and business 2012 returns. Write a (signed) cover letter explaining what had happened and pointing out the specific line in the business return which corresponded to the disputed amount, so they can see that you did report it properly and did pay taxes on it as business income. End that letter with a request for advice on how to straighten this out.  Certified-mail the whole package back to the IRS at whatever address the advisory letter gives. At worst, I'm guessing, they'll tell you to refile both returns for 2012 with that income moved over from the business return to the personal return, which will make everything match their records. But with all of this documentation in one place, they may be able to simply accept that Square misreported it and correct their files. Good luck. The IRS really isn't as unreasonable as people claim; if you can clearly document that you were trying to do the right thing, they try not to penalize folks unnecessarily."


Yapta.com will track flight prices, so you can know when a good time historically is to make a bunch of reservations.  Also, Air India has a frequent flier program so I hope you have signed up for it... you could get free flights once you get enough points (although I would probably use your points for upgrades to business class).


What are you babbling about? He's saying that buybacks are essentialy a return of capital, which is what they are. Only to go one with arguments that do not debunk and are heavily intertwined with personal beliefs and subjectivism doesn't nothing to change this.


He said base salary. Most executive compensation is bonuses, awards, and long term incentives that vastly outweigh the actual cash they receive. Just check out a large company's proxy statement. Walmart's CEO received less than $3 million in cash last year.


As long as Lyft's wages aren't artificially low and expected to be made up for via tips, who cares? It's not like a USA restaurant where servers are paid $3 an hour and the rest is made up for via the customers; Lyft drivers are both happier driving for the company and make more money per base rate wage than with Uber.   *[Source](http://www.npr.org/sections/alltechconsidered/2017/01/21/510479642/survey-finds-lyft-drivers-happier-than-uber-though-pay-has-declined)*  >The rating model Uber uses is much better  What the actual fuck are you talking about? Uber drivers get paid the same whether their rating is a 4.6 or a 5.0. Rating has nothing to do with it.


Get rid of the lease and buy a used car. A good buy is an Audi because they are popular, high-quality cars. A 2007 Audi A4 costs about $7000. You will save a lot of money by dumping the lease and owning. Go for quality. Stay away from fad cars and SUVs which are overpriced for their value. Full sized sedans are the safest cars. The maintenance on a high-quality old car is way cheaper than the costs of a newer car. Sell the overseas property. It is a strong real estate market now, good time to sell. It is never good to have property far away from where you are. You need to have a timeline to plan investments. Are you going to medical school in one year, three years, five years? You need to make a plan. Every investment is a BUY and a SELL and you should plan for both. If your business is software, look for a revenue-generating asset in that area. An example of a revenue-generating asset is a license. For example, some software like ANSYS has license costs in the region of $30,000 annually. If you broker the license, or buy and re-sell the license you can make a good profit. This is just one example. Use your expertise to find the right vehicle. Make sure it is a REVENUE-GENERATING ASSET.


Interesting. Where I work (US) we don't have that problem as males get parental leave benefits too (not legally mandated, just a perk). I would imagine this is more of an issue with small companies rather than large enterprises, would be interesting to see a breakdown of the survey responders and their company size


The option is exercised. The option is converted into shares. That is an optional condition in closing that contract, hence why they are called options.


I don't know which online casino we are talking about, but I would venture to say that online casinos, in general, are probably not the most trustworthy of businesses.  Caution is certainly in order.  That having been said, this isn't an e-mail from a stranger that contacted you out of the blue; you obviously trust them enough to have deposited some money with them, and it seems that they now owe you money. Let's assume for the moment that they are legitimate, and that they sincerely want to pay out your winnings.  If they are to pay you via a wire transfer, they would need your account number and routing number.  (This information is on every check that you write.)  In addition, if this is an international transfer, they would also need your bank's SWIFT number, or possibly an IBAN code. It does seem odd that they would pay you a partial payment with a check, but the rest has to be done via a wire transfer.  You could request that they send the remainder as a check, but I would imagine that if they refuse to send you a check, there is nothing you can do about it. If you decide to go ahead with the wire transfer, you could open up a new savings account with your bank first.  Then you could provide the account number for this new account, and if they are intending to clean out your account, there will be nothing in it.  (For extra protection, when you set up the account, you could ask the bank if they can set up a savings account that will accept incoming wire deposits, but no outgoing electronic withdrawals.) Either way, when you deposit the check you have and you receive this wire transfer, don't spend this money for a while.  Just let it sit in your account (you could transfer it to your main account, if you like), and wait a few weeks.  That way, if there is a problem with these payments and your bank insists on the money back, you will not be in trouble.  If they send you more than they owe you and ask for some of it back, it will be a clear indication of a scam.  Don't send them any money back. After a few weeks, you should be in the clear.  Good luck. By the way, online gambling is a terrible idea.  The fact that you don't trust the casino to pay out should tell you a lot about this industry.  After you receive these winnings (or even if you don't), the best advice I can give you is to stop gambling.


I decided to open it with funds b/c the checking account I have is used as a savings, and has been stagnant. Doesn't make any noticeable interest, and I'm not tapping into it for now. Figured why not get some of it moving. Especially since I'm not working right now and am not contributing to retirement otherwise.  The old 401(k)s have been sitting still for many years, and aren't that full. Really miss my old deferred compensation fund, that does well even when I'm not contributing!


Sooo the ones that knew how fucked up the system was but had essentially no say in the matter are the ones that Amazon are taking down here. Seems that in no way is big pharma taking any damage here whatsoever.  Perhaps if Amazon then gets into production of these pharmaceuticals and decides to lower the wholesale price then big pharma would be in trouble, but neither of these things are likely.


"You've got a 3.9 GPA, numerous awards,  and your dream internship is at an insurance company? On top of that, one small and narrow minded enough to impose it's political and religious ideals on its employees?!?   What useful information are you hoping to take from this ""dream""  internship? How to pretend to be someone else? To fulfill your grand aspirations to sell insurance?   Sorry,  I know you came here looking for interview advice,  but I'm not going to blow sunshine up your ass. I'd be wary of any company that touts it's conservative ideals as a condition of continued employment,  but it's especially ridiculous to work in the insurance industry. It's entirely unsurprising you got an interview after only 6 hours. You're wholly over qualified,  find something better."


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I think the problem is that for a desirable job you'll often have two equally qualified people but one has a job and one doesn't.  It always looks a little bit better to hire someone away from a competitor than to hire someone out of the jobless pool.  This is why it is important to give employers a tax credit for hiring the unemployed.  It takes that above equation and shifts it a little.  It also signals to society that it is important to get these people back in the workforce.


"The ""right place"" is typically somewhat exclusive and you've had to work pretty hard to get there to begin with. Right time is more luck, but you can make judgement calls here too.  For example I've been at the right place and (possibly - can't really tell without executing myself) right time for a huge number of opportunities. I had to pick one.  Am I super lucky, or very good at networking? Or why do I keep being so often in what appears to be the right place at the right time?"


In addition to taking into account your deductions, as mentioned by @bstpierre, you also need to account for vacation, and other time off such as sick days. You also need to estimate what percentage of the year you expect to be working and pro-rate your salary accordingly.  For example it is not uncommon to use 40 weeks out of the year which is about 77% of the time.  Also check to see if you would be eligible for unemployment for the times you are not working.  I suspect not.  But in any case, you might want to use worst case scenario figures to see if it is worth it, especially in this economy.


There is a survivorship bias in the mutual fund industry. It's not about individual stocks in which those funds invest. Rather, it's in which funds and fund companies/families are still around. The underperforming funds get closed or merged into other funds. Thus they are no longer reported, since they no longer exist. This makes a single company's mutual funds appear to have a better history, on average, than they actually did. Similarly, fund companies that underperform, will go out of business. This could make the mutual fund industry's overall history appear to be better than it actually was. Most companies don't do this to deliberately game the numbers. It's rational on the part of fund companies to close underperforming funds. When a fund has a below average history, investors will likely not invest in it, and will remove their existing money. The fund will shrink while the overhead remains the same, making the fund unprofitable for the company to run.


Banking, transactions carried on by any individual or firm engaged in providing financial services to consumers, businesses, or government enterprises. In the broadest sense, banking consists of safeguarding and transfer of funds, leading or facilitating loans, guaranteeing creditworthiness, and exchange of money. These services are provided by such institutions as commercial banks, savings banks, trust companies, finance companies, and merchant banks or other institutions engaged in investment banking. A narrower and more common definition of banking is the acceptance, transfer, and, most important, creation of deposits. This includes such depository institutions as commercial banks, savings and loan associations (more common in the United States), building societies, and mutual savings banks. All countries subject banking to government regulation and supervision, normally implemented by central banking authorities. For further information on central banks and investment banking, see the relevant articles.


The victim never actually receives the money, so that is not an option. The scammer generates the transaction using a fraudulent check. Once the check is found to be fraudulent the chain of involved banks claw the money back (which is the bank's money, not the scammer's). So, what happens is the victim sees a deposit in their account, but it is not real, it is a conditional deposit by the bank made on the assumption that the payment is good (which it is not). When the victim endorses a check, they are guaranteeing to the bank that they consider the check good and vouching for the check. That is why the bank credits the victim's account, because the victim has vouched for the check. When the check later turns out to be fraudulent, the victim owes the bank money. In theory, people who endorse a fraudulent check could be criminally prosecuted, but that does not happen normally.


If you and your wife are owners, your tickets might be a business expense against the rental income. 'Might' as in the IRS will be happy to audit you, seeing the kids went as well and prorating the expense as say 25% was really business, the rest, family vacation.  If this $4000 write off is the make or break for this deal, don't do it.


"Your Spidey senses are good. A good friend would not put you in such a position. It's simple, to skirt some issue (we'll get to that in a second) you are being asked to lie. All for a 15% return on your $$$$. <<< How much is that?  You can easily lend him the money, and have a better paper trail. But the bank is not going to like that, and requires this money from friends or family to be a gift. I've heard mortgage guys at the bank say ""It's just a formality, we need this paperwork to sell the loan to the investors."" These bankers belong in jail, or at least fired and barred from the industry. They broke the economy in 2008, and should be stopped from doing it again."


"Coming from an area that is hurricane prone, and seeing what happens to local businesses during evacuations/power outages/gas shortages, I think what you already have on hand should be sufficient. And it sounds like that's exactly what you're budgeting for.  I'd say 2 weeks worth of fuel and food costs, with the budget for each in line with riding out a natural disaster. True ""Preppers"" would say keep your money in gold buried in the backyard surrounded by land mines, but that's not perhaps what you're looking for. It is not uncommon for gas stations and grocery stores to revert to cash only sales, especially if they're not big chain operations. If the internet is out, or power is spotty, they may not be able to process CCs. Again, think smaller or more rural businesses. I have seen gas stations switch to cash only during gas shortages as well to help limit how much fuel people were buying.  $250 should get you through fine unless you drive a tank and need steak every night. You could probably go with less, but it's entirely dependent on your needs. As Joe rightly stated in his answer, if it's desperate enough times that you can't use a CC or debit card, cash may not even be useful to you."


Assuming that you have capital gains, you can expect to have to pay taxes on them. It might be short term, or long term capital gains. If you specify exactly which shares to sell, it is possible to sell mostly losers, thus reducing or eliminating capital gains.  There are separate rules for 401K and other retirement programs regarding down payments for a house. This leads to many other issues such as the hit your retirement will take.


We collectively agree that a dollar has a certain value. That's it. We believe in money. Welcome to the collective delusion of fiat currency.  We all could just as easily think they were all useless bits of paper and use them as firestarters. But the economy would have to tank in spectacular fashion for people to start doing that.


Oh look, it's a libertarian ideologue. How quaint.  > The truth is that throughout history, where the greatest income inequalities exist (between the bottom 10% and top 10%, discounting dictatorships where only a tiny amount of people control the wealth), the standard of living of the poor is highest.   This is demonstrably false.  **Countries with the lowest levels of income inequality:**           1. Denmark     2. Japan     3. Iceland     4. Sweden     5. Czech Republic     6. Norway     7. Slovakia     8. Finland     9. Belarus     10. Ukraine       **Countries with the highest levels of income inequality:**           1. Honduras     2. South Africa     3. Bolivia     4. Colombia     5. Angola     6. Haiti     7. Afghanistan     8. Botswana     9. Equatorial Guinea     10. Namibia       [source](http://www.visionofhumanity.org/gpi-data/#/2010/GINI)  And if you don't trust these figures, go look at [the Wikipedia page on countries listed by income inequality](http://en.wikipedia.org/wiki/List_of_countries_by_income_equality). Note that the sources are all largely in agreement with each other.


This is what I used during my MBA.  My biggest complaint is that it is not a database for analytic (it pulls from a database).  I hear think or swim has the capability to extract data and offers a free version - anyone know if that is true?


"> There aren't only two factors at play here.  Absolutely. There are many factors that go into success.  > His genius has been rivaled very few times over the past 250+ years.  The thing about art is that older is better. For example, who has rivaled shakespeare? Or even better homer? It's unfair to blame modern people for not being columbus because you can't ""rediscover"" america.  The point is that there are just as equally talented people at every generation, but a lot of external factors must come into play for one to become bach, shakespeare, etc.  >  Both Bach and such nameless composers put conscious effort into the placements of their notes, so luck is not a factor.   That's nonsense. Luck is always a factor. However, it's not the sole factor."


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From Chase FAQ it looks like this is a regular ACH transfer. ACH transactions can be reversed under certain conditions. I haven't been able to find some authoritative link on this, so I suggest this (thenest.com budgeting blog) instead: Allowed Reasons You can have ACH transactions reversed for one of three reasons under   the rules: wrong money amount, wrong account or duplicated   transactions. For example, if your mortgage bill is for $756.00, but   your lender's website messes up and you're charged $856.00, the   transaction is reversible it because it's the wrong dollar amount. If   the website charges you $756.00 twice, the second duplicated   transaction is reversible. Reversal Procedures You might have to bring a mistake to the originator's attention to get   it fixed. Only the originator -- the person or company taking or   sending money -- can ask for a reversal. For example, if you have a   transaction for a wrong dollar amount from your lender's website, the   originator is the lender. An originator is supposed to send the   reversal within 24 hours of the error's discovery and within five   banking days of the original transaction. When a reversal is required   because of a wrong amount or wrong account, the originator must send a   correcting entry with the right information. Bank's Responsibility A bank should honor an ACH reversal, even if it means debiting a   customer's account again because of a correcting transaction. However,   the bank doesn't have to debit your account if you closed it or the   new transaction would overdraw it. Your bank does have to tell you if   a correcting entry is going to take money out of your account, but the   bank doesn't need your permission to do it.


The statement in Wikipedia is generic. Whether a particular Bank would charge as per above example or not would be in the card holder's agreement.   So if you do not have any dues, and on 10th April you charge $1000, and on 13th April you charge $500. Statement date is 18th April. Grace Period to pay is say 10th May.   If you do not pay in full by 10th May, and say you only pay $500, Bank would charge interest from 19th April to 10th May for $1500, post 10th may they would charge interest for $1000 balance. Further all fresh purchases would be charged interest from day 1. Net Net Morale of the story is do not carry / revolve money on Credit Card. For all practial purposes use a credit card as a convenience card.


TSP.Ninja http://www.tsp.ninja has all the TSP funds with good visualizations that are very similar to Google Finance.


The question is whether the assessment is in line with surrounding homes. If my 1500 sq ft house on 1/4 acre is assessed far higher than a similar sized house/land nearby, I'd have a case. +/- 10% can be for age/quality, but 25% or more, I'd investigate. mhoran is right, values for different purposes need not align. A start would be to use a service like Zillow which offers property tax information, as well as house sizes. Let us know what you discover. Welcome to Money.SE


I know nothing about mining. Is it possible that technological improvements can lead to over supply? Or are you determined that even with this much craze, that it's production will be held relatively constant.  I'd also like to point out, that maybe only King Midas has ever enjoyed owning gold.


It was both.  CDOs also contributed.  Unfortunately, when the bankers kept packing up their loans they lost track of the risk as did the financial institutions offering instruments to deleverage that risk.  So when the subprime borrowers began to fail the institutions started getting hit with risk that they hadn't prepared for.  Flippers and home owners who used their homes as ATMs then saw their home values crash and it all fell apart.   We are seeing some of this again with owners getting more HELOCs but the real concern is with car loans, credit card and student loan debt.


Many Web sites and articles warn against buying former rental cars,   because people renting these cars often mistreat them. Rental cars are typically driven by people over 25, these are typically people with some financial means (air travel, credit card). Additionally, rental cars are subject to frequent inspection and likely to be on tighter maintenance schedules than many owners would keep. So while some people may drive a rental harder than they would their own car, it's not typical, and not likely to result in some hidden damage that makes a rental less desirable (all else being equal) on the used-car market. Does the fact that they sell the car mean during this time suggest that they know the car's cost of further maintenance or other costs will be higher? Or is there another reason they sell at this time which, has a calculated advantage to them, but which is less than idea statistically for me, the purchaser? Rental companies buy at incredible volumes, as such, some manufacturers have programs where they will buy back used cars from the rental company at a set price and/or time. Other incentives are guaranteed depreciation, wherein the manufacturer will make up the difference if the used vehicle doesn't sell for a set percentage of it's purchase price after a set amount of time. Outside of these incentive programs, rental companies also get substantial volume discounts, and they typically are buying base models which hold value better than their higher-trim counterparts (according to KBB market analyst). So the conventional wisdom about depreciation doesn't really apply. The timing of their sales is primarily based on their purchasing arrangements and their desire to keep an up to date fleet, not on projected maintenance/repair costs. The best you can do with any used-car purchase is to test-drive, get a pre-purchase inspection, and review whatever history is available.


I'm not quite sure what you're shooting for here... if you're trying to determine that people put more thought into a $1000 purchase than a $1.50 purchase it might be helpful.  I honestly can't tell you who the CEO of Coke (Dasani water) or Pepsi (Aquafina water) is. I can tell you that the CEO of HP has talked about getting out of the PC business and his actions in the purchase of and subsequent mismanagement of Palm would have an impact as to whether or not I'm confident in handing his company 1/2 a paycheck.


oh those darned hippy liberal economists! LOL great reporting fox! (/s)  i know this because i've read you're other articles, and those were [shitty] propaganda as well, so because of that, then this must be another attempt to brainwash in your quest to supply misinformation through another one of your asymmetric propaganda statistics. (am i doing it right?)   after fox read the first chapter of their macro 101 textbook, *Basics: Supply & Demand* ; they've come to the conclusion, that with little to no regard to the labour market,  the primary indicator (and only) for the wage increase was due to deporting [illegal] immigrants.   im just curious what the financial standing will be of some of these companies and if they will be able to afford such a substantial increase in wages?  effects on R&D?  how will productivity be affected when we see a shift from workers who are fighting for their family's lives, sending money back home, to less competition for workers with a falsified sense of job security?  what if the economy is just in a boom?   some questions i'll leave you with, would love to hear the other side and start a discussion on this topic!


I have a very similar situation doing side IT projects.  I set up an LLC for the business, created a separate bank account, and track things separately.  I then pay myself from the LLC bank account based on my hours for the consulting job.  (I keep a percentage in the LLC account to pay for expenses.)  I used to do my taxes myself, but when I created this arrangement, I started having an accountant do them.  An LLC will not affect your tax status, but it will protect you from liability and make things more accountable come tax time.


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I would respectfully disagree.  They have chosen to invest in commodities that provide no return (Gold, Rare Earth Metals) over derivatives that lose money.  I believe the following explains some of their logic.  http://www.businessweek.com/news/2012-10-05/jpmorgan-loss-proves-system-too-complex-china-s-gao-says  They take issue with the basis of the Western financial system, and while Gao claims he is speaking about his personal beliefs, his observations are quite accurate.  Most of the transactions in the financial system add very little value, while commissions and fees are taken from every transaction. This is one of the core issues that isn't talked about, but is a very real cause of trade disputes between the US and China.  (And arguably all of the BRICS nations)  A simple example of what I mean is when BoA slapped monthly debit fees on everyone's account.  Thanks, but what did that really do for their customers?  Another attempt to 'pick' the customers pocket.


The ownership of the house depends on what the original deed transferring title at the time of purchase says and how this ownership is listed in government records where the title transfer deed is registered. Hopefully the  two records are consistent.  In legal systems that descended from British common law (including the US), the two most common forms of ownership are tenancy in common meaning that, unless otherwise specified in the title deed, each of the owners has an equal share in the entire property, and can sell or bequeath his/her share without requiring the approval  of the others, and joint tenancy with right of survivorship meaning  that all owners have equal share, and if one owner  dies, the survivors form a new JTWROS. Spouses generally own property,  especially the home, in a special kind of JTWROS called tenancy by the entirety. On the other hand, the rule is that unless explicitly specified otherwise, tenancy in common with equal shares is how the owners hold the property. Other countries may have different default assumptions, and/or have multiple other forms of ownership (see e.g. here for the intricate rules applicable in India). Mortgages are a different issue. Most mortgages state that the mortgagees are jointly and severally liable for the mortgage  payments meaning that the mortgage holder does not care who makes the payment but only that the mortgage payment is made in full. If one owner refuses to pay his share, the others cannot send in their shares of the mortgage payment due and tell the bank to sue the recalcitrant co-owner for his share of the payment: everybody is liable (and can be sued) for the unpaid amount, and if the bank forecloses, everybody's share in the property is seized, not just the share owned by the recalcitrant person.  It is, of course, possible to for different co-owners to have separate mortgages for their individual shares, but the legalities (including questions such as whose lien is primary and whose secondary) are complicated. With regard to who paid what over the years of ownership, it does not matter as far as the ownership is concerned. If it is a tenancy in common with equal shares, the fact that the various owners paid the bills (mortgage payments, property taxes, repairs and maintenance) in unequal amounts does not  change the ownership of the property unless a new deed is recorded with the new percentages.  Now, the co-owners may decide among themselves as a matter of fairness that any money realized from a sale of the property should be divided up in accordance with the proportion that each contributed during the ownership, but that is a different issue. If I were a buyer of property titled as tenancy in common, I (or the bank who is lending me money to make the purchase) would issue separate checks to each co-seller in proportion to the percentages listed on the deed of ownership, and let them worry about whether they should transfer money among themselves to make it equitable. (Careful here! Gift taxes might  well be due if large sums of money change hands).


While I also like to strike back at the boomers who love to blame millennials, that's not actually what the article is saying. It's stating that the trend is moving away from their niche, and that's impacting their business, which is a completely valid and defensible hypothesis.


so i'm an older millenial living in a large metro. I'm in a situation where the trendy urban/downtown neighborhoods apts/condos are way to expensive for me because the demand is so high, but up until recently i can't afford a house in the outer, newer burbs either. so i'm left renting apartments in inner suburbs.


Obviously, the credit card's administators know who this charge was submitted by. Contact them, tell them that you don't recognize the charge, and ask them to tell you who it was from. If they can't or won't, tell them you suspect fraud and want it charged back, then wait to see who contacts you to complain that the payment was cancelled. Note that you should charge back  any charge you firmly believe is an error, if attempts to resolve it with the company aren't working. Also note that if you really ghink this is fraud, you should contact your bank and ask them to issue a new card number. Standard procedures exist. Use them when appropriate.


"I always find comments like this to be funny rather than offensive. Because people like this guy love to use America as the standard for white greatness, but they will completely ignore any third world country in Europe because then suddenly ""it's different."""


Risk. Volatility. Liquidity. Etc.  All exist on a spectrum, these are all comparative measures.  To the general question, is a mutual fund a good alternative to a savings account? No, but that doesn't mean it is a bad idea for your to allocate some of your assets in to one right now. Mutual funds, even low volatility stock/bond blended mutual funds with low fees still experience some volatility which is infinitely more volatility than a savings account.  The point of a savings account is knowing for certain that your money will be there.  Certainty lets you plan. Very simplistically, you want to set yourself up with a checking account, a savings account, then investments.  This is really about near term planning.  You need to buy lunch today, you need to pay your electricity bill today etc, that's checking account activity.  You want to sock away money for a vacation, you have an unexpected car repair, these are savings account activities.  This is your foundation.  How much of a foundation you need will scale with your income and spending.   Beyond your basic financial foundation you invest.  What you invest in will depend on your willingness to pay attention and learn, and your general risk tolerance. Sure, in this day and age, it is easy to get money back out of an investment account, but you don't want to get in the habit of taping investments for every little thing. Checking: No volatility, completely liquid, no risk Savings: No volatility, very liquid, no principal risk  Investments: (Pick your poison) The point is you carefully arrange your near term foundation so you can push up the risk and volatility in your investment endeavors.  Your savings account might be spread between a vanilla savings account and some CDs or a money market fund, but never stock (including ETF/Mutual Funds and blended Stock/Bond funds). Should you move your savings account to this mutual fund, no.  Should you maybe look at your finances and allocate some of your assets to this mutual fund, sure.  Just look at where you stand once a year and adjust your checking and savings to your existing spending.  Savings accounts aren't sexy and the yields are awful at the moment but that doesn't mean you go chasing yield.  The idea is you want to insulate your investing from your day to day life so you can make unemotional deliberate investment decisions.


A friend recently bought an 800€ TV on 0% financing. Sounded like a sensible thing to do. Why pay 800 when you can pay 80pm for 10 months? It took 30mins to set up the 'loan'. She had to sign all kinds of documents, giving away much personal information (age, employment info, income, email address etc). She now has a financial relationship with an institution which has nothing to do with the item purchased. She is bombarded with all kinds of financial offerings. She regrets taking out the finance. She had the money. The hassle and the unwanted links to banks make the deal unattractive. Perhaps she should have tried to make a cash deal...


There is no reason he needs to know the full project's budget. Clearly define the problem you need him to solve and ask him to quote you a price. If it's more than a weeks work I suggest reviewing in stages. It's very common for inexperienced developers to find themselves out of their depth and burn time. This is important if he's charging you by the hour and not a fixed price.  Also, make sure you have very clear specifications and expectations from your client so you avoid scope-creep. Changes made by your client can lead to more costs with your backend developer. Ideally you should have provisions with your client contract that you can increase the fee when changes are requested. This usually happens when a project isn't spec'd in enough detail.  Good luck with your project.


If you're willing to entertain the fact that a lack of any action by the fed would have killed market confidence and caused equities to tank, gold could have been a suitable asset in a flight to quality.  Of course as others have said the drop would just be the uncertainty about QE3 being removed from the price


I wouldn't worry about a manager until you have multiple employees in that area... If you hire good people (that part is hard) you should be fine with a daily call or sometype of online scheduling where you can see status of your employees, their schedules etc...


"This question has been absolutely perplexing to me.  It has spawned a few heated debates amongst fellow colleagues and friends. My laymen understanding has provided me with what I believe to be a simple answer to the originator's question.  I'm trying to use common sense here; so be gentle. FICO scores, while very complex and mysterious, are speculatively calculated from data derived from things like length of credit history, utilization, types of credit, payment history, etc. Only a select few know the actual algorithms (closely guarded secrets?).  Are these really secrets? I don't know but it's the word on the street so I'm going with it! Creditors report data to these agencies on certain dates- weekly, monthly or annually.  These dates may be ascertained by simply calling the respective creditor and asking.  Making sure that revolving credit accounts are paid in full during the creditors ""data dump"" may or may not have a positive impact on ones FICO score. A zero balance reported every time on a certain account may appear to be inactive depending on how the algorithm has been written and vice versa; utilization and payment history may outweigh the negativity that a constantly zero balance could imply. Oh Lord, did that last sentence just come out of my head? I reread it four times just make sure it makes sense. My personal experience with revolving credit and FICO I was professionally advised to: Without any other life changing credit instances- just using the credit card in this fashion- my FICO score increased by 44 points.  I did end up paying a little in interest but it was well worth it. Top tier feels great! In conclusion I would say that the answer to this question is not cut and dry as so many would imply. HMMMMM"


One problem with that idea: companies don’t set out to cure a particular disease. They try various ideas to see what does what and sometimes hit on something. That sort of aimless wandering often helps in other areas and isn’t reproduced in the x-prize scenario.


Good job.  Assuming that you are also contributing to retirement, you are bound to be a wealthy person.  I'm not really sure how Australia works as far as retirement, but I am pretty sure you are taking care of that too.    Given your time frame (more than 5 years) I would consider investing at least a portion of the money.  If I was you, I would tend to make that amount significant, say 75% in mutual funds, 25% in your high interest savings.  The ratio you choose is up to you, but I would be heavier in the investment than savings side.  As the time for home purchase approaches, you may want more in savings and less in investments. You may want  to look at a mutual fund with a low beta.  Beta is a measure of the price volatility.  I did a google search on low beta funds, and came up with a number of good articles that explains this further.  Having a fund with a low beta insulates you, a bit, from radical swings in the market allowing you to count more on the money being there when needed. One way to get to the proper ratio, is to contribute all new money to the mutual fund until it is in proper balance.  This way you don't lower your interest rate for a month. Given your time frame, salary, and sense of responsibility you may be able to do the 100% down plan.  Again, good work!


"Boomers have also inordinately ""bid up"" the prices of a lot of things -- everything from stocks to housing -- simply because they as a ""bulge"" were all attempting to (in the aggregate) buy basically the same things at essentially the same time.  Basically a LOT of demand chasing (and driving) a supply. This often made the previously acquired assets (i.e. the ""early boomer"" contingent who got there & bought in first) appear to increase quickly in price.  The opposite effect will happen as they retire/die off -- either they (or their heirs) will choose (or need) to sell off their various accumulated assets.  Then suddenly the supply will begin to ""bulge"" instead (selling off portfolios of stocks -- even *required* as pensions need to be paid, or as Boomers reach +70-1/2 and are mandated by law to begin selling off & cashing in specific %'s of their 401K and IRA holdings) -- and likewise with housing, aging Boomers will downsize, selling off the ""McMansions"" (which they never really needed, and which in retirement will be burdensome to maintain) and trying to move into (or selling off) the several second & third ""vacation homes"".  End result will be a big ""dump"" of supply of housing onto the market -- a supply that GenX does not have the demographic numbers to ""consume"" (and which it does not appear the frugal-minded GenX even WANT to buy at anything like the same rates the Boomers did, even if they were capable of paying the price, which it also appears they cannot, having been ""hindered"" in career & salary gains by the bulge of Boomers in positions above/before them); and then GenY -- the ""Echo Boomers"" which while larger than X are NOT the equivalent of the original Boomers, and who are carrying an unprecedently huge (house-sized) debt load (but minus the house -- and in many cases as debt which cannot be erased as it is in student-loan form) from the beginning of their careers (in which they are being paid significantly LESS than previous generations) -- and who are delaying (and then limiting) the formation of ""households"" as a result.  *And that is just how ""demographic bulges"" play out -- it was all entirely predictable (and was in fact predicted by many).*"


A rule of thumb I like to follow when purchasing things from CL listed well below value is this.. Assess the level of affluence of the seller. People living in poor neighborhoods are much more likely to try and hide things that would deter buyers as they are more likely to need the money. I find that when I go to a big house with 4 cars in the driveway the seller is more likely to be honest because she likely doesn't need the money from the sale.  Edit: I seem to have angered the PC police with this answer. This is based on facts and statistics, not my opinion. I have no bias against poor people.


"Calling this ""strange"" is an understatement. I'd call it illegal. You can't pay healthcare premiums with HSA funds while you are employed (unless you are on COBRA), and if you over contribute you pay a 6% tax on the overage unless you correct it. Furthermore, overage contributed by an employer must be treated as taxable wages, so they'd be better off just calling it a bonus and writing you a normal check. At least that way you wouldn't have to pay the 6% penalty on top of taxable wages."


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There are advantages in bringing in an expert on branding – particularly when that person is a good listener, has a creative mind and, when they speak, has something useful to say. Consultants who meet all three of these criteria are rare indeed. Ones that don’t are never worth their fees.


Bond MF/ETF comes in many flavour, one way to look at them is corporate, govt. (gilt/sovreign), money market (short term, overnight lending etc.), govt. backed bonds. The ETF/MFs that invest money in these are also different types. One way to evaluate an ETF/MF is to see where they invest your money. Corporate debts are by the highest coupon paying bonds, however, the chance of default is also greater, if you wish to invest in these, it is preferable to look at the ETF/MF's debt portfolio financial ratings (Moodies etc.). Govt. bonds are more stable and unless the govt. defaults (which happens more often than we would like to think), here also look for higher rating bonds portfolio that the fund/scheme carries. The govt. backed bonds are somewhat similar to sovreign bonds, however, these are issuesd by institutions which are backed by govt. (e.g. national railways, municipal bodies etc.), any fund/scheme that invests in these bonds could also be considered and similarly measured. The last are the short term money market related, which provides the least return but are very liquid. It is very difficult to answer how you should invest large sum on ETF/MFs that are bond oriented. However, from any investment perspective, it is better to spread your money. If I take your hypthetical case of 1M$, I would divide it into 100K$ pieces and invest in 10 different ETF/MF schemes of different flavour: Hope this helps.


I would agree more with the second one. I've been on Slickdeals about 5 years and it's like the 'extreme couponing' of the internet. A policy that many members hold to is never call the company if the deal seems too good to be true, because it's possibly a mistake that they could change.


To your first question: YES. Capital gains and losses on real-estate are treated differently than income. Note here for exact IRS standards.  The IRS will not care about percentage change but historical (recorded) amounts.   To your second question: NO  Are you taxed when buying a new stock? No. But be sure to record the price paid for the house. Note here for more questions. *Always consult a CPA for tax advice on federal tax returns.


In some senses, any answer to this question is going to be opinion based - nobody outside of HFT firms really know what they do, as they tend to be highly secretive due to the competitive nature of the activity they're engaged in. What's more, people working at HFT firms are bound by confidentiality agreements, so even those in the industry have no idea how other firms operate. And finally, there tend to be very, very few people at each firm who have any kind of overall picture of how things work. The hardware and software that is used to implement HFT is 'modular', and a developer will work on a single component, having no idea how it fits into a bigger machine (a programmer, for instance, might right routines to perform a function for variable 'k', but have absolutely no idea for what 'k' stands!) Keeping this in mind and returning to the question . . . The one thing that is well known about HFT is that it is done at incredibly high speeds, making very small profits many thousands of times per day. Activities are typically associated with market making and 'scalping' which profits from or within the bid-ask spread. Where does all this leave us? At worst, the average investor might get clipped for a few cents per round trip in a stock. Given that investing buy its very nature involves long holding periods and (hopefully) large gains, the dangers associated with the activities of HFT are negligible for the average trader, and can be considered no more than a slight markup in execution costs. A whole other area not really touched upon in the answers above is the endemic instability that HFT can bring to entire financial markets. HFT is associated with the provision of liquidity, and yet this liquidity can vanish very suddenly at times of market stress as the HFT remove themselves from the market; the possibility of lack of liquidity is probably the biggest market-wide danger that may arise from HFT operations.


"This is the best tl;dr I could make, [original](https://www.cityfalcon.com/blog/investments/student-loan-debt-new-mortgage-crisis/?utm_campaign=ao_reddit) reduced by 94%. (I'm a bot) ***** > Costs of living, especially for those attending universities in cities like New York or London, also account for a nontrivial portion of the debt.  > Is the student debt bubble in the United States the next mortgage crisis?  > One major difference between the student debt problem and the mortgage crisis is the lack of CDOs and CDSs. The thread that connected banks, governments, individuals and economies were the CDO and CDS. With a complex system of mortgage securitization and insurance against those securities, the system effectively collapsed itself.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/79mt1s/student_loan_debt_the_new_mortgage_crisis_in_2018/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~237528 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **debt**^#1 **student**^#2 **education**^#3 **economy**^#4 **borrowed**^#5"


When you send money with Western Union, it is essentially a cash transaction.  You supply Western Union with the name of the recipient and a location.  Your recipient then shows up at a Western Union office, shows some identification, and receives cash.  At this point, the transaction is over.  It is impossible to retract it at this point, because Western Union has already handed out cash, and they have no way of contacting the recipient any longer. This is the reason why you might want to legitimately use Western Union.  It is an instant way to send cash to anyone anywhere in the world.  Let's say that your best friend is stuck in a foreign land and desperately needs money.  You can give him cash just as fast as each of you can get to a Western Union office, and you don't even need a local bank account to do so. Unfortunately, however, the nature of the service also makes it useful for scammers.  You should never use this service to pay for something from someone you don't know, because there are absolutely no safeguards. As mentioned by user662852 in the comments, you can indeed cancel a Western Union money transfer if you do so before the money is picked up by the recipient.  But after they pick it up, the cash is gone.


So this is only a useful strategy if you already own the stock and want protection. The ITM put has a delta closer to 1 than an OTM put. But all LEAPS have massive amounts of theta. Since the delta is closer to 1 it will mimic the price movements of the underlying which has a delta of 1. And then you can sell front month calls on that over time. Note, this strategy will tie up a large amount of capital.


i have experience in retail, but not warehousing.  but a close friend of mine drives some forklift-ish thing at a home depot warehouse.  warehouse workers make a good bit more than retail workers.  he makes around 15/hr, whereas the people running around the floor of retailer would be happy for 10


I am not going to discuss legality, because with family members you are able to give a lot of guidance and assistance without running into legal issues.  The biggest problem is that when they transfer the funds to you and you invest the money, all the tax rates and tax limits are determined by your situation; plus you have more investments than you should have so you hit those limits and brackets quicker. For example: In the United states a person can put $5,500 or $6,500 into a IRA or Roth IRA each year. If you combine the funds for three with your funds then you are giving up three quarters of the amount that you can invest in that type of account. The decision regarding Roth or not depends on age and income level. But now their decision is related to what is best based on your situation. The ability to even deduct IRA deposits would be based on your situation. Of course for taxable accounts the tax rate is determined by your income, not theirs. If they want you to have the ability to make investment decisions for them, then power of attorney is the way to go. The money is deposited in their name, and all the rules and tax rates are determined by their situation. You make sure they have all the information they need to login and review the accounts, but you make the all the moves within and between accounts.


I guess other than tradition and inflation, probably because the merchants want them.   In the US, what currently costs $2.00 used to cost $0.10.   So 75 years ago, those individual cents made a pretty bid difference.  Inflation causes prices to go up, but doesn't get us to just change our currencies patterns. In your example, you are assuming that in an average day, the rounding errors you are willing to accept happen a couple of times.  2 or 3 cents here and there mean nothing to you.  However to the merchant, doing hundreds or thousands of transactions per day, those few cents up and down mean quite a bit in terms of profit. To an individual, looking at a time frame more than a single day (because who only participates in economies for a single day) there are potentially millions of transactions in a lifetime, mean potentially giving away millions of dollars because they didn't want to wait. And as for the comment that people working each 3 cents every 10 seconds, I would assume at least some of the time when they are waiting for rounding errors, they are not at work getting paid.  That concept is assuming that somebody is always willing to pay them for their time regardless of where that person is in the world; I have no facts and wild assumptions, but surely that can't be true for even a majority of workers. Finally, you should be happy if you happy to have an income high enough that you don't care about individual cents.  But there are those business people who see opportunity in folks like you and profit greatly from it.  I personally worry very much about who has my money; gov't gets paid to the penny and I expect returns to the penny.  A super polite service employee who smiled a lot serving me a beer is getting all the rounding errors I have.


Nowadays, there are many companies online that are coming up with various robotic sets for kids of different age groups and mentality. There are kits that have the manual and the instructions to assemble the parts and make a robot. Various kits possess a variety of robots like easy to assemble robots are for the beginners.


Do you have any ties to your old address? In particular are you the LANDLORD? This could have been a precursor application to test identity evidence and setup a mortgage. The perps may even have legally changed their name to yours and even be living in, or close to the house if it is a share house to intercept this kind of mail.  Otherwise someone's database may have been breached, so it is important you try to work out where this information used in the application came from. If they are an illegal you may be racking up Council Tax somewhere or end up paying income tax on their earnings. In any case your character has probably now been damaged. So do follow it up right smartly.


[Image](https://imgs.xkcd.com/comics/survivorship_bias.png)  [Mobile](https://m.xkcd.com/1827/)  **Title:** Survivorship Bias  **Title-text:** They say you can't argue with results, but what kind of defeatest attitude is that? If you stick with it, you can argue with ANYTHING\.  [Comic Explanation](https://www.explainxkcd.com/wiki/index.php/1827#Explanation)  **Stats:** This comic has been referenced 120 times, representing 0.0741% of referenced xkcds.  --- ^[xkcd.com](https://www.xkcd.com) ^| ^[xkcd sub](https://www.reddit.com/r/xkcd/) ^| ^[Problems/Bugs?](https://www.reddit.com/r/xkcd_transcriber/) ^| ^[Statistics](http://xkcdref.info/statistics/) ^| ^[Stop Replying](https://reddit.com/message/compose/?to=xkcd_transcriber&subject=ignore%20me&message=ignore%20me) ^| ^[Delete](https://reddit.com/message/compose/?to=xkcd_transcriber&subject=delete&message=delete%20t1_djp1she)


Softwood timber on the other hand, is made from treated pine. This too is quite good and can be selected if your budget does not stretch enough to opt for hardwood timber decking. Note however, softwood decking will over time, lose shape.


The counsel of a friend doesn't come with a legal or professional liability. The key to doing this sort of thing successfully is to respect boundaries. You are providing advice and discussion, not taking over your friend's life.


"Imagine two restaurants. One has prices 15% higher than the other, and the owner pays this 15% to his wait staff in the form of higher wages. The other has lower prices, but the average customer gifts 15% to their waiter. Clearly, in the first restaurant, the 15% the wait staff receives is taxable income. It is traditional salary. What legitimate, economic justification is their for treating the second restaurant any differently? Imagine a grocery store in a small town that offered long-time customers a ""pay nothing"" option but made it clear that they'd be subject to social ostracism and no longer welcome in the store if they didn't gift 85% of the usual cost of the items. The customers would save on sales tax and the grocer would argue that all that money was gifts, not income. Of course this doesn't work. The IRS, and the laws, don't care very much about what you call things. They care about the underlying economic reality. If the money was part of the payment for the services rendered, regardless of how it was delivered, what the parties called it, or whether the obligation to pay was legal or social, it's still a payment for the service and it's still taxable. You would have to be able to argue to the IRS that it really was a gift and wasn't any form of payment for the service received. Otherwise, it's just a scheme to evade taxes."


"Keep a notebook. (or spreadsheet, etc. whatever works) Start to track what things cost as few can really commit this all to memory.  You'll start to find the regular sale prices and the timing of them at your supermarkets. I can't even tell you the regular price of chicken breasts, I just know the sale is $1.79-1.99/lb, and I buy enough to freeze to never pay full price.  The non-perishables are easy as you don't have to worry about spoilage. Soap you catch on sale+coupon for less than half price is worth buying to the limit, and putting in a closet.  Ex Dove soap (as the husband, I'm not about to make an issue of a brand preference. This product is good for the mrs skin in winter) - reg price $1.49. CVS had a whacky deal that offered a rebate on Dove purchase of $20, and in the end, I paid $10 for 40 bars of soap. 2 yrs worth, but 1/6 the price.  This type of strategy can raise your spending in the first month or two, but then you find you have the high runners ""in stock"" and as you use products from the pantry or freezer, your spending drops quite a bit. If this concept seems overwhelming, start with the top X items you buy. As stated, the one a year purchases save you far less than the things you buy weekly/monthly."


Yes, it is possible, and many companies do it for legitimate reasons.  For example renewing subscriptions or one-click ordering. The only way to completely stop it would be to cancel the card.  More realistically, check your bill whenever it arrives, and report any unauthorized transactions to the card issuer.


"How much do you know about execution trading?  If I were to come up with some simple guidelines, I'd plug your Bloomberg feed (I'm assuming you have one) in order to pull up the average daily volume of the securities in question.  From there, you can measure the ""days to liquidate"" figure, which you can then take to create your own distribution regarding what looks ""difficult"" to liquidate vs. what won't be a problem at all."


Here's the real reason OKPay (actually the banks they interface with) won't accept US Citizens.   The Foreign Account Tax Compliance Act Congress passed the Foreign Account Tax Compliance Act (FATCA) in 2010 without much fanfare. One reason the act was so quiet was its four-year long ramp up; FATCA did not really take effect until 2014. Never before had a single national government attempted, and so far succeeded in, forcing compliance standards on banks across the world. FATCA requires any non-U.S. bank to report accounts held by American citizens worth over $50,000 or else be subject to 30% withholding penalties and possible exclusion from U.S. markets. By mid-2015, more than 100,000 foreign entities had agreed to share financial information with the IRS. Even Russia and China agreed to FATCA. The only major global economy to fight the Feds is Canada; however it was private citizens, not the Canadian government, who filed suit to block FATCA under the International Governmental Agreement clause making it illegal to turn over private bank account information. Read more: The Tax Implications of Opening a Foreign Bank Account | Investopedia http://www.investopedia.com/articles/personal-finance/102915/tax-implications-opening-foreign-bank-account.asp#ixzz4TzEck9Yo  Follow us: Investopedia on Facebook


Oh!  You’re getting closer!  You’re at least seeing that I don’t treat it as a purely Economic concept!  But it isn’t a lense of my feelings I’m using either.  Can you make the leap?  You would pay “everything you could” to save your life.  There is no economic placeholder for that.  New scenario:  Your mom is dying of cancer.  At what price would you stop paying if there was a 60% chance of complete cure?


On international stock exchanges, they trade Puts and Calls, typically also for currencies. If for example 1 NOK is worth 1 $ now, and you buy Calls for 10000 NOK at 1.05 $ each, and in a year the NOK is worth 1.20 $ (which is what you predict), you can execute the Call, meaning 'buying' the 10000 NOK for the contracted 1.05 $ and selling them for the market price of 1.20 $, netting you 12000 - 10500 = 1500 $. Converting those back to NOK would give you 1250 NOK. Considering that those Calls might cost you maybe 300 NOK, you made 950 NOK. Note that if your prediction is common knowledge, Calls will be appropriately priced (=expensive), and there is little to make on them. And note also that if you were wrong, your Calls are worth less than toilet paper, so you lost the complete 300 NOK you paid for them. [all numbers are completely made up, for illustration purposes] You can make the whole thing easier if you define the raise of the NOK against a specific currency, for example $ or EUR. If you can, you can instead buy Puts for that currency, and you save yourself converting the money twice.


No.  1)  Everyone should cultivate the ability to see the ridiculous in themselves and in their situation.  2)  When you properly verify information, the original source no longer matters  3)  There is no Media I feel I can trust right now, so I might as well indulge in Media I enjoy.  I just need to verify information before I act on it.


Excellent explanation. Upvote to you sir. I would like to add something:  How do we know how many bushels of apples is worth a chunk of deer meat?   You did not touch on the concept of value.  The way I see it, value is related to the human energy required to procure a specific good.   For example: it takes a man all day to find a nugget of gold, while it take another man all day to pick 20 bushels of apples. Because gold is scarce, it is worth a lot of apples: it has a high value.   At it's core, value is assigned based on the amount of human labor required to acquire a good or service.   For example: Many years ago there may have been an equal number of bears and skunks. However, it would take many brave hunters with bows and arrows to kill a bear, while any hunter could kill a skunk solo. Thus, even though they had the same scarcity, a bear hide would be more valuable because the human labor required was greater.   Many economics classes simply say value depends on supply and demand. However, if something is in low supply and high demand, it is BECAUSE it takes so much human effort to procure. If it did not take large amounts of human labor, everyone would sell said item and the value would drop.   What is your take on this? do you have a better explanation for value?


"This is the best tl;dr I could make, [original](http://www.epi.org/publication/corporations-pay-between-13-and-19-percent-in-federal-taxes-far-less-than-the-35-percent-statutory-tax-rate/) reduced by 81%. (I'm a bot) ***** > Despite some recent claims to the contrary, a recent CBO report doesn&#039;t overturn, but rather bolsters the research showing that corporations pay less than a 35 percent tax rate.  > Comparison of statutory U.S. corporate tax rate and three estimates of what corporations actually pay on average.  > Multiple studies with distinct methodologies have found effective federal corporate tax rates that range between 13 and 19 percent- far smaller than the rate corporations are supposed to pay.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6sx0c3/corporations_pay_between_13_and_19_percent_in/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~188170 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **Tax**^#1 **corporations**^#2 **loophole**^#3 **rate**^#4 **deferral**^#5"


I super appreciate too giving me so much time. I'm in England so, no GameStop here - we have game.net and they're like a monopoly at the moment. My marketing strategy will be VERY innovative and I'll be using American e-commerce style affiliate system to have organic growth. (America is always a step ahead from the world and what ever gets big there, gets big everywhere sooner or later)


>we have a right to know exactly what is going on in it.  We do?  The only thing I can think of that could give us a right to look their balance sheets would be the Freedom of Information Act, but even that doesn't cover everything.  Lots of government information is kept secret for good reasons. >It's not the CIA where knowledge of its inner-workings could be a threat to safety  But it is, it's a threat to economic safety.  Bank runs create financial crises which ruin the economy, and revealing loan information of unhealthy banks exacerbates the bank run.


Just checked. You’re absolutely right.  Republicans have no idea how math and common sense works.    We’ll raise taxes again when we are on the edge of solvency, just like most Americans won’t save money until they’re almost bankrupt.


The reason it's broken out is very specific: this is showing you how much interest accrued during the month.  It is the only place that's shown, typically. Each month's (minimum) payment is the sum of [the interest accrued during that month] and [some principal], say M=I+P, and B is your total loan balance.  That I is fixed at the amount of interest that accrued that month - you always must pay off the accrued interest.  It changes each month as some of the principal is reduced; if you have a 3% daily interest rate, you owe (0.03*B*31) approximately (plus a bit as the interest on the interest accrues) each month (or *30 or *28).  Since B is going down constantly as principal is paid off, I is also going down. The P is most commonly calculated based on an amortization table, such that you have a fixed payment amount each month and pay the loan off after a certain period of time.  That's why P changes each month - because it's easier for people to have a constant monthly payment M, than to have a fixed P and variable I for a variable M. As such, it's important to show you the I amount, both so you can verify that the loan is being correctly charged/paid, and for your tax purposes.


If you are referring to salaried employees, the overall salary generally is higher if overtime is required on a regular basis.  All hourly paid employees in most jurisdictions under normal rules are entitled to over-time pay if the work more than 40 hrs, even highly skilled positions.


As the value of a currency declines, commodities, priced in that currency, will rise. The two best commodities to see a change in would be oil and gold.


well which is why healthy markets have regulations because it turns out that the free market dream that people only spend in their own self interest belies that fact that our own self interests are often not so damn short term.  It isnt a failure of community, it is a failure of government.   It is naivety to think even good people would change the world through their shopping habits. Look at all the companies using slave labor and people decry it all the time and still shop there. Look at how damn dirty oil is(not just  environmentally).. and yet we still put it in our car every day. Because people think short term, they think of themselves and not society, and well all of us have trouble with externalities, costs like war protecting the oil fields isnt paid for at the pump.


"1) Get some gold. 2) Walk around, yelling, ""Hey, I have some gold, who wants to buy it?"" 3) Once you have enough interested parties, hold an auction and see who will give you the most dollars for it. 4) Trade the gold for that many dollars. 5) You have just measured the value of your gold."


These are designed to be peripherals around your home to help you with little things like play music, set timer/alarms, give you morning briefings, turn on tv & switch to a specific channel, turn off lights, etc. These are some of the things I use them for everyday and over time they add up. I find them super convenient.   You are right that the mic is on all the time but it's on to be able to listen to the wake word so that it can respond to your requests. When it is not hearing the wake word, it does not send anything back to the server. In the case of Amazon Echo, when the blue ring comes on it is when Alexa sends your voice back to the server for processing.


"There are several causes of inflation. One is called cost push — that is, if the price of e.g. oil goes up sharply (as it did in the 1970s), it creates inflation by making everything cost more. Another is called demand pull: if labor unions bargain for higher wages (as they did in the 1960s), their wage costs push up prices, especially after they start buying. The kind of inflation that the banks cause is monetary inflation. That is, for every dollar of deposits, they can make $5 or $10 of loans. So even though they don't ""print"" money (the Fed does) it's as if they did. The result could be the kind of inflation called ""too much money chasing too few goods."""


Are there any other losses that can be expected beyond the above? The lender may have to invest some money into the house in order to get it in shape to sell. Also, while the lender possesses the house they are liable to the property taxes and possibly utilities. are there any statutes or pressures to motivate the financial institution to get fair price when the property is sold? The lender is motivated to at least break even when selling the property in order to limit losses on their investment. This means they are very motivated to seek a higher price, but they're also motivated to sell the property quickly in order to limit their losses due to property taxes. Usually the lender takes a loss of the investment if foreclosure occurs; only 10 percent to 20 percent  of auctioned foreclosed houses did yield a surplus. When the lender sells the foreclosed property using a realtor, they're motivated to sell it as quickly as possible so long as they break even. In this case there is little motivation to sell the property for a surplus. If the property is being sold via auction, then time is not a factor and the lender will just sell to the highest bidder.