"Your objectives are contradictory and/or not possible. Eliminating the non-taxable objective: You could divide the $100K in 5 increments, making a ""CD ladder"" $25K in 3mo CD (or savings a/c) $25K in 6 mo CD $25K in 9mo CD $25K in 1 yr CD or similar structure (6mo also works well) Every maturing CD you are able to access cash and/or invest in another longest maturity CD, and earn a higher rate of interest. This plan also works well to plan for future interest rates hikes. If you are forced to access (sell CD's)  ALL the $$$ at any time, you will only lose accrued interest, none of the principal.  All FDIC guaranteed. If non-taxable is the highest priority, ""invest"" in a tax-free money market fund....see Vanguard Funds. You will not have FDIC guarantee."


I know it isn't exactly the question you asked, but please consider your future too. 529 is the correct answer, because if you can fund a Roth, you should be funding it for your own retirement. Your retirement has much a higher priority over anybody's college fund.  It is pretty great that you want to set aside cash for the niece's education, I think asking which vehicle is best for saving for education might be the wrong question. Students have many options for going to school and paying for it but retirement is pretty limited. http://www.clarkhoward.com/news/clark-howard/education/clarks-529-guide/nFZS/ is a good place to learn about 529s and makes good suggestions on where to get one.  Do it yourself, and don't pay a broker or agent to do it for you. If your retirement is already handled, feel free to vote me down and I will delete this.


"As you said, in the US LLC is (usually, unless you elect otherwise) not a separate tax entity. As such, the question ""Does a US LLC owned by a non-resident alien have to pay US taxes"" has no meaning. A US LLC, regardless of who owns it, doesn't pay US income taxes. States are different. Some States do tax LLCs (for example, California), so if you intend to operate in such a State - you need to verify that the extra tax the LLC would pay on top of your personal tax is worth it for you. As I mentioned in the comment, you need to check your decision making very carefully. LLC you create in the US may or may not be recognized as a separate legal/tax entity in your home country. So while you neither gain nor lose anything in the US (since the LLC is transparent tax wise), you may get hit by extra taxes at home if they see the LLC as a non-transparent corporate entity. Also, keep in mind that the liability protection by the LLC usually doesn't cover your own misdeeds. So if you sell products of your own work, the LLC may end up being completely worthless and will only add complexity to your business. I suggest you check all these with a reputable attorney. Not one whose business is to set up LLCs, these are going to tell you anything you want to hear as long as you hire them to do their thing. Talk to one who will not benefit from your decision either way and can provide an unbiased advice."


"There are more than a few different ways to consider why someone may have a transaction in the stock market: Employee stock options - If part of my compensation comes from having options that vest over time, I may well sell shares at various points because I don't want so much of my new worth tied up in one company stock. Thus, some transactions may happen from people cashing out stock options. Shorting stocks - This is where one would sell borrowed stock that then gets replaced later. Thus, one could reverse the traditional buy and sell order in which case the buy is done to close the position rather than open one. Convertible debt - Some companies may have debt that come with warrants or options that allow the holder to acquire shares at a specific price. This would be similar to 1 in some ways though the holder may be a mutual fund or company in some cases. There is also some people that may seek high-yield stocks and want an income stream from the stock while others may just want capital appreciation and like stocks that may not pay dividends(Berkshire Hathaway being the classic example here). Others may be traders believing the stock will move one way or another in the short-term and want to profit from that. So, thus the stock market isn't necessarily as simple as you state initially. A terrorist attack may impact stocks in a couple ways to consider: Liquidity - In the case of the attacks of 9/11, the stock market was closed for a number of days which meant people couldn't trade to convert shares to cash or cash to shares. Thus, some people may pull out of the market out of fear of their money being ""locked up"" when they need to access it. If someone is retired and expects to get $x/quarter from their stocks and it appears that that may be in jeopardy, it could cause one to shift their asset allocation. Future profits - Some companies may have costs to rebuild offices and other losses that could put a temporary dent in profits. If there is a company that makes widgets and the factory is attacked, the company may have to stop making widgets for a while which would impact earnings, no? There can also be the perception that an attack is ""just the beginning"" and one could extrapolate out more attacks that may affect broader areas. Sometimes what recently happens with the stock market is expected to continue that can be dangerous as some people may believe the market has to continue like the recent past as that is how they think the future will be."


"Good. Although I could see their case for having opt-in location sharing to ""help them improve their service"" as knowing where potential customers are located would enable them to know where more cars are needed during certain times *before* bookings start to come in.  eg. if they see thousands of their app users are at a sports game or concert they might send cars to the location in advance to get faster turnaronud times on bookings that will likely come in once people start to leave the venue.  But yeah, this should 100% be an opt-in and should be completely anonymised.  ---  But yeah, personally I'd never enable it, however I can see the case for why it might make the service better."


Revealing and insightful article. I saw my Father work as a senior manager in the News  industry where the top brass had no experience in the core of the business and saw the friction it caused with him and other Journalists.   As an MBA student it's important for me to remember to put myself in other's shoes. Assuming I ever work in a business where management doesn't have the same core background as the operational employees.


"Essentially, he means ""one ignores history at their own peril"". We often hear people arguing that ""the old rules no longer apply"".  Whether it be to valuations, borrowing, or any of the other common metrics, to ignore the lessons of the past is to invite disaster.   History shows us that major crises in the markets usually occur when the old rules are ignored and people believe that current exceptional market conditions are justified by special circumstances."


"Debits' and ""Credits"" are terms used in double-entry bookkeeping. Each transaction is entered in two different places to be able to double-check accuracy. The total debits and total credits being equal is what makes the balance sheet balance. For explaining debits and credits, wikiversity has a good example using eggs that I found helpful as a student.  Debits and Credits  When a financial transaction is recorded, the Debits (Dr) and Credits (Cr) need to balance in order to keep the accounts in balance.  An easy rule to remember is, ""Debit the Asset that Increases""  For example, if you want to practice accounting for cooking a simple breakfast, you might proceed as follows:  To record breaking the eggs and putting the eggs in the frying pan  In this transaction, an asset, (the egg) is split into parts and some of the asset goes in the pan and some in the trash. A Debit (Dr) is used to show that the assets in the pan and the trash both increase. A balancing Credit (Cr) is used to show that the amount of assets (whole eggs) in the egg carton has decreased.  This transaction is in balance because the total Credits equal the total Debits. Everything that is covered by the Debits (yolk, white and shell) is also covered by the Credits (one whole egg)"


What do you propose a fair share should be?  They pay nearly $900 million per year in income taxes. Their effective rate is reduced due to them paying higher taxes in years prior, plus they lost money and can deduct that as well.   Not to mention, they are double taxed as a corporation and payroll taxes are not part of that $900 million, so they're paying even more than that.   Part of what makes the US awesome is an environment that helps business grow. What do you think will happen when a business pays let's say 20% on revenue generated in other countries and then another 20% tax on that revenue here?  Either companies will move to a country with a lower tax rate or they pull back on global trade. Both are bad for the economy.


Many fast food chains are slumping at the moment.  McDonald's is putting itself in a specific position and that's very cheap food.  I cannot remember the last time I have ever seen somebody not just go straight dollar menu or the $5 for 20nuggets.  Meanwhile, Wendy's has staples like the Baconator that people are actually purchasing.  Not against that approach, but yeah, McDonald's is literally you get what you pay for


>Everyone in this room is dealing with their own version of the candle problem.  Maybe true. The Ted talk audience are highly educated, affluent, and intelligent people. Likely professionals.  For the general public, the people who build buildings, maintain infrastructure, do any manual labor in general, in a non professional setting- these people are not experiencing their own version of the candle problem. Even in an office, service, or administrative setting, how many of these jobs are procedural and focused in their tasks and objectives.  I feel that his insights, while valuable, aren't applicable to the productivity intensive problem that things like UBI face.


At the very least I'd look closely at what you could get from the RESP (Registered Education Savings Plan). Depending on your income the government are quite generous with grants and bonds you can get over $11,000 of 'free' money if you qualify for everything CESG - Canada Education Savings Grant  By applying for the CESG, up   to $7,200 can be directly deposited by the Federal Government into   your RESP. The Canada Education Savings Grant section offers   information about eligibility requirements for the grant as well as   how to use it when the beneficiary enrolls at a post-secondary   institution. CLB - Canada Learning Bond CLB is available to children   born after December 31st, 2003 if an RESP has been opened on their   behalf. Browse the Canada Learning Bond section to find out who is   eligible, how to apply, and how much the Government of Canada will   contribute to your RESP. I can recomend the TD e-series funds as a low cost way of getting stock market exposure in your RESP So if I were you... As an example if you earn $40k and you pay in the minimum amount to get all the grants ($500/year, $42/month) assuming zero growth you'll have almost $14k of which $5.4k would have been given to you buy the government, if you can afford to save $200/month you'll get over $11,000 from the government


"The DEA's reason for existence is for the USA to stick its political and military nose in other country's business, particularly Mexico and our southern continental neighbors. We need to legalize all drugs and spend that ""enforcement"" money preventing and treating addiction as a medical condition."


Treat each transaction as separate, with its own principal, its own gain, and its own number of days.  Then the total annualized return is just a weighted average of each annualized return, with the weighting related to the number of shares in that transaction.


If economic conditions are weakening, i.e. unemployment rising, business and consummer confidence dropping, etc., you can expect interest rates and thus mortgage rates to drop. If economic conditions are strengthening you can expect interest rates and thus mortgage rates to start rising. As you are in the US, and with official interest rates there at 0.25% there is not much room for these rates to fall further. I am in Australia, with official interest rates at 3.75%, and with the economic weakness in the US and Europe and with China slowing down, we can expect our rates to fall further over the next year. Regarding your timeframe of one to two weeks, unless there is a decision on rates in the US in the next week I don't think there would be much change, especially with rates there at record lows. You are probably best to shop around for the best rates now and refinance once you have found one you are happy with.


Almost certainly not on these councils, which are for little more than show. I believe one of the members of this council said this week that they've never actually even had a meeting.  So he's having trouble holding on to people who are only symbolically part of the administration and don't even have to do anything.


"For some people, it should be a top priority.  For others, there are higher priorities.  What it should be for you depends on a number of things, including your overall financial situation (both your current finances and how stable you expect them to be over time), your level of financial ""education"", the costs of your mortgage, the alternative investments available to you, your investing goals, and your tolerance for risk. Your #1 priority should be to ensure that your basic needs (including making the required monthly payment on your mortgage) are met, both now and in the near future, which includes paying off high-interest (i.e. credit card) debt and building up an emergency fund in a savings or money-market account or some other low-risk and liquid account.  If you haven't done those things, do not pass Go, do not collect $200, and do not consider making advance payments on your mortgage.  Mason Wheeler's statements that the bank can't take your house if you've paid it off are correct, but it's going to be a long time till you get there and they can take it if you're partway to paying it off early and then something bad happens to you and you start missing payments.  (If you're not underwater, you should be able to get some of your money back by selling - possibly at a loss - before it gets to the point of foreclosure, but you'll still have to move, which can be costly and unappealing.)  So make sure you've got what you need to handle your basic needs even if you hit a rough patch, and make sure you're not financing the paying off of your house by taking a loan from Visa at 27% annually. Once you've gotten through all of those more-important things, you finally get to decide what else to invest your extra money in.  Different investments will provide different rewards, both financial and emotional (and Mason Wheeler has clearly demonstrated that he gets a strong emotional payoff from not having a mortgage, which may or may not be how you feel about it).  On the financial side of any potential investment, you'll want to consider things like the expected rate of return, the risk it carries (both on its own and whether it balances out or unbalances the overall risk profile of all your investments in total), its expected costs (including its - and your - tax rate and any preferred tax treatment), and any other potential factors (such as an employer match on 401(k) contributions, which are basically free money to you).  Then you weigh the pros and cons (financial and emotional) of each option against your imperfect forecast of what the future holds, take your best guess, and then keep adjusting as you go through life and things change. But I want to come back to one of the factors I mentioned in the first paragraph.  Which options you should even be considering is in part influenced by the degree to which you understand your finances and the wide variety of options available to you as well as all the subtleties of how different things can make them more or less advantageous than one another.  The fact that you're posting this question here indicates that you're still early in the process of learning those things, and although it's great that you're educating yourself on them (and keep doing it!), it means that you're probably not ready to worry about some of the things other posters have talked about, such as Cost of Capital and ROI.  So keep reading blog posts and articles online (there's no shortage of them), and keep developing your understanding of the options available to you and their pros and cons, and wait to tackle the full suite of investment options till you fully understand them. However, there's still the question of what to do between now and then.  Paying the mortgage down isn't an unreasonable thing for you to do for now, since it's a guaranteed rate of return that also provides some degree of emotional payoff.  But I'd say the higher priority should be getting money into a tax-advantaged retirement account (a 401(k)/403(b)/IRA), because the tax-advantaged growth of those accounts makes their long-term return far greater than whatever you're paying on your mortgage, and they provide more benefit (tax-advantaged growth) the earlier you invest in them, so doing that now instead of paying off the house quicker is probably going to be better for you financially, even if it doesn't provide the emotional payoff.  If your employer will match your contributions into that account, then it's a no-brainer, but it's probably still a better idea than the mortgage unless the emotional payoff is very very important to you or unless you're nearing retirement age (so the tax-free growth period is small).  If you're not sure what to invest in, just choose something that's broad-market and low-cost (total-market index funds are a great choice), and you can diversify into other things as you gain more savvy as an investor; what matters more is that you start investing in something now, not exactly what it is. Disclaimer: I'm not a personal advisor, and this does not constitute investing advice.  Understand your choices and make your own decisions."


I don't think there are any web based tools that would allow you to do this. The efforts required to build vs the perceived benefit to users is less. All the web providers want the data display as simple as possible; giving more features at times confuses the average user.


First thing's first: migrate your savings to an interest-bearing savings account (such as from Ally Bank). While it still lags behind inflation, 0.84% is still better than 0.00%. Short-term CDs are also an option. I've personally thought about experimenting with peer-to-peer lending, but a few thousand in savings isn't all that much in the grand scheme of things, and you don't want it tied up in a risky, speculative loan when you might need it the most. As the others have said, the general savings rules apply too: pay off high-interest debt, divert more money into your 401k (especially if you aren't hitting the match yet), then work on either whittling down other debts or saving more for a big purchase in the future.


Payment history is probably the most significant contributor to your credit score.  Having a solid history of making, at least the minimum, payments on time will have a positive impact on your credit score.  Whether or not this specific transaction means anything to that equation is up for debate.   If you have no credit lines now and 0% for 18 months on a computer makes sense to you, then yes, making this purchase this way and paying on time will have a positive impact on your credit score.  Paying interest doesn't help your credit score.  Repay this computer before the 18 month period ends, then be sure to pay your balance in full every month thereafter.


"Such a ""duh"" article, but depressingly this happens in reality too much.  Years ago I was called into an EVP office who asked why my projects continued much longer than the average in the company (good thing - my projects kept going to get more results).  I was flummoxed by the very question.  Um, I answer questions, I deliver, I talk with the client, I'm above board.  What's the freaking magic?  Nothing - I am a person and so are the clients."


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It would depend on whether it's considered capital gains or not. A brief Google search suggests that it is; this means you're only required to pay tax on it once it's traded for actual currency, goods, or services. It also means you get some nice tax advantages as long as you hold it for longer than a year.


Are there any examples of compulsory paternity (or maternity) leave in the world? Where required, employers must offer it, and it is medically necessary for women to have some time to recover from the stress of childbirth, but I don't believe it's forced on the parents. I do believe, though, that many men would take the opportunity for paternity leave if it were more convenient than spending vacation or sick days (which aren't always available).


You are a saver, not an investor.  Your time period is simply too short.  You are stuck putting your money into less productive, but safe savings accounts.


I'll just re-post my comment as an answer as i disagree with Michael Pryor. According to this article (and few others) you may save money by incorporating. These factors don’t change the general   payroll tax advantage of an S   corporation, however: A S corporation   can often save business owners   substantial amounts of payroll tax if   the business profit greatly exceeds   what the business needs to pay owners   for their work.


Any deductable expense will reduce your taxable income not your tax payable. Your Example 1 above is correct and gives you 100% deduction. It is like having a business where your sales are $100,000 and your expenses in making the sales is $40,000. The expenses are your tax deductions and reduce your profits on which you pay tax on to $60,000. If your Example 2 was correct then the situation above would change that you would pay say $30,000 tax on $100,000 sales, then apply your deductions (or expenses) of $40,000 so that you would pay no tax at all and in fact get $10,000 back in your return. In this case the government would not be collecting any taxes but paying out returns to everyone. Your Example 2 is absolutly incorrect.


I can't tell you it came about in this particular case because I don't believe it is yet in the public domain, but this information will be included in the joint circular. I will, however, say that there are lots of ways these things can proceed.


First off, do not ever tell someone your password. Nobody who actually works for the bank would need your password to access the account. Also, it may or may not be a scam (it almost assuredly is), but it is not a good idea to let someone use your bank account in your name. What if they use your account to launder money for illegal or terrorist activities? Then you would potentially face criminal charges. There is no way this story makes sense. A company would never put their payroll in some random stranger's account; they would create an account in the company's name for handling payroll and use that.


"If by ""Company Stock"" you mean ""stock in the company I work for"" then absolutely sell your stock.  It is too big a risk to have your investments tied into the same company that is also providing your salary. If you mean stock as in general investments, I like to look at it this way.   If you have $25,000 stock and a $100,000 mortgage you ask this question: If I had a $75,000 mortgage would I borrow an additional $25,000 against my house to invest in the stock market? If the answer is yes, then you are taking a risk consistent with your tolerance for risk.   If you answer no, then your tolerance for risk says you'd be happier paying down your mortgage."


Samsung tried making smaller screens with the Galaxy S2 Mini and the Mini S3. They had iPhone sized screens compared to their larger main lines. They had the same specs and price, they were just an inch smaller.  Long story short, no one bought them and the Mini line tanked. Now Samsung only makes large phones and they are dominating the smartphone market in terms of phones sold.


Not only are absolute incomes (adjusted for inflation) not increasing, but purchasing power is also decreasing. Decades ago, the salary of one middle class worker can raise a family. Nowadays, you can't even buy a home with two salaries, especially in large metro areas. There are numerous factors why this is happening:  1. Globalization. Why pay an American more when something can be done or made in Vietnam for a fraction of the cost? Prices of non-renewable resources will increase as third-world countries modernize and their populations demand the same luxuries that we have.  2. Automation. Automation has eliminated many jobs further driving income inequality. There are people with very high salaries since automation are making them much more productive and then there are jobs that have been completely eliminated because of automation. I know of factories that laid off a large fraction of their operators because the machines are now automated (but they did a hire few more engineers and technicians to increase productivity).  3. Scarcity of land. Everyone wants to live in areas where the jobs are but you can only build so much housing in one area, so house prices go up faster than wages. People with good jobs in industries where jobs are clustered in one place (biotech, software, semiconductors, finance, etc.) actually can afford less real estate than one would think based on their income just because of their location.  These issues will become even more relevant as technology continues to develop and globalization continues.


I have no a clear idea about this. If any one have more information and to like to share this then please post his/her comment.I am very thank full for this act of kindness.i will come back soon is you have more idea about this.


"On the IRS site you can find a list of ""acceptance agents"" in your country. Talk to one of them, they'll deal with the IRS on your behalf. If you don't have any in your country, you can contact the big-4 accounting firms or any other agent elsewhere to provide you service. I'd suggest doing this through an agent."


"In the end, this is really not a finance question. It's about changing one's habits. (One step removed, however, since you are helping a friend and not seeking advice for yourself).  I've learned a simple cause & effect question - Does someone who wants (goal here) do (this current bad habit)? For example, someone with weight to lose is about to grab the chips to sit and watch TV. They should quickly ask themselves ""Does a healthy, energetic person sit in front of the TV eating chips?""  The friend needs to make a connection between the expense he'd like to save up for and his current actions. There's a conscious decision in making the takeout purchase, he'd rather spend the money on that meal than to save .5% (or whatever percent) of the trip's cost.   If he is clueless in the kitchen, that opens another discussion, one in which I'd remark that on the short list of things parents should teach their kids, cooking is up there. My wife is clueless in the kitchen, I taught our daughter how to be comfortable enough to make her own meals when she wants or when she's off on her own. If this is truly your friend's issue, you might need to be a cooking spirit guide to be successful."


I don't think the method falls short, it's the premise that is wrong. If the dividend stream really did grow faster than the cost of capital indefinitely, eventually the company behind the share would become larger than the entire economy. Logically, at some point, the growth must slow down.


Yes, if you're caught up you can skip the quarter.


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When you submit for reimbursement, the cash you get should be FIFO (first in, first out) and a large bill should empty out 2011 first, automatically tapping 12 for remaining amount owed. I doubt you need to do anything.


International equity are considered shares of companies, which are headquartered outside the United States, for instance Research in Motion (Canada), BMW (Germany), UBS (Switzerland). Some investors argue that adding international equities to a portfolio can reduce its risk due to regional diversification.


To be 100% honest, im not american i dont know who Amway is, and i dont know how this conversation has heated up over a comment about another country. I dont even know what you're argueing? Are you saying what im saying is not true, or the more kids they have the less money they get. IDK... but its happening everywhere in the UK.


You could buy debt/notes or other instruments that pay out periodically.  Some examples are  If there is an income stream you can discount the present value and then buy it/own the rights to income stream. Typically you pay a discounted price for the face value and then receive the income stream over time.


It all depends on how you feel about your employer.  Obviously you had positive feelings about yours, but often that's not the case.  >It's not a good idea to leave anywhere, even if you hate it, on bad terms. It gives everyone there a bad sense of you and can come back to bite you in the future.  I think this is actually bad advice.  Treating bad employers well is sending them the wrong message and encourages them to continue treating people poorly.  While I wouldn't suggest to set the building on fire before you leave or to leave a piece of shit in your desk drawer, there is really no need to be extra nice to an employer who has been a major dick to you.  The dick employers treat their employees as inanimate replaceable resources, so it's only appropriate to return the favor by treating your employer in precisely the exact same way.


You get to put money away with special tax incentives (ie - no or less taxes to pay)  They are state sponsored and therefore pretty reliable, but some states are better than others. Like with many of these tax incentive type accounts (FSA, Dependent Care Spending Accounts) they are use it or lose it.  (In a 529, use it or transfer it).  So the money put away is a sunk cost towards education and cannot be repurposed for something else should your kid not want to attend school. http://money.howstuffworks.com/personal-finance/financial-planning/529.htm


I think it's because there are a lot of retail investors in this stock.  They are the ones that tend to overreact on news cycles, so creating bad press or over-hyping bad press really makes the stock price swing.


Indeed. Hm, I do not think I have been to Michigan, in fact! I've been to Chcago a couple of times though. I've got a friend an hour off there, so maybe I'll stop by you both next time I visit.  Do tell if you come to Europe though, Norway might be far to the North, but Europe is so small that it really doesn't matter much!


Yeah, but you're not going to be playing games on a laptop. That kills the experience. Plus, I've had my friend who goes to the college I want to advertise at say it would be amazing because many college students love to play video games, and I personally feel no console is going to give you the best experience with games, excluding Nintendo consoles which have a library of nearly completely exclusive titles, engineered specifically with the console's specs.   I completely understand what you mean, though.


"As others have noted, in the U.S. a checking account gives you the ability to write a check, while a savings account does not. I think you know what a check is even if you don't use them, right? Let me know if you need an explanation. Personally, I rarely write paper checks any more. I have an account for a small side business, and I haven't bothered to get new checks printed since I moved 6 years ago even though the checks still have my old address, because I've only written I think 3 paper checks on that account in that time.  From the bank's point of view, there are all sorts of government regulations that are different for the two types of accounts. But that is probably of little concern to you unless you own a bank. If the software you have bought allows you to do the things you need to do regardless of whether you call the account ""savings"" or ""checking"", then ... who cares? I doubt that the banking software police will come to your house and beat you into unconsciousness and arrest you because you labeled an account ""checking"" that you were supposed to label ""savings"". If one account type does what you need to do and the other doesn't, then use the one that works."


I'm interested in your perspective cavehobbit. I am a reporter at Marketplace and I am looking to talk with programmers about the corporate culture in the tech world. It seems like the atmosphere you are discussing is prevalent in the industry. I'd love to talk with you more about it.


Really basic Revolving credit for individuals. Use a credit card to pay for a purchase. You pay the card off completely before you pay interest and get 30 days free money. Your cash balance is for that 30 days doing you some good instead.


If such an investment existed, then why would the banks be parking their overnight funds with the Federal Reserve at an interest rate of pretty much nothing?


Also, I wouldn't go so far as to say that just because a government agency is performing the work, it is now, therefore, objective.  Remember, in each and every instance, it is a *person* doing the actually work.  That person is at least just as likely to be corruptible in a corporate setting as in a government setting.  Rather, I would go so far as to say that they are more likely to be corruptible in a government job as there isn't a tremendous amount of upside.  If you're making $75k a year and have the opportunity for a $100k payment on the side to look the other way, you're much more likely to take it than if you're making $500k per year.  There's also the added complexity of each employees exit opportunities from government work.  For example, if you work for the SEC -- your best employment option outside of the commission is to go work in compliance for the industry (hedge funds and investment banks, in particular).  Kind of skews your incentives a bit, right?


Walmart now accelerating roll-out of fully automated warehouse and distribution centre technology; materials handling events to go down by seventy percent post-deployment.   That's probably what the announcement's going to be about. And seventy percent less product-related work to be done in a warehouse means seventy percent fewer floor workers, meaning that all those employees striking today will have their positions restructured by the end of the year.   And yes, their HR department is staffed by dementors, but damn their supply chain is like a curvy set of tits to those who've studied it; you can't help but want to play with it. A lot. Good stuff.


I think the discrepancy you are seeing is in the detail of what happens once you pay off your student loan.  If you take your monthly payment for your student loan, and apply that to your mortgage once the student loan is payed off, paying the highest interest loan will cone out ahead.   If, on the other hand, you take your student loan payment and do something else with it (not pay down your mortgage), you would be better off paying on your mortgage.  Say you have $1000 to put towards either loan, and there is 5 years to pay on the student loan, and 25 years to pay on the mortgage.  By paying on the student loan you are, roughly, saving 5 years of 5% interest on that $1000.  By paying on the mortgage, you are saving 25 years of 3% interest.


This was basically what I had figured but I've read pieces from a few people saying that it's going to have no effect at all which makes less than no sense. Do you know of any good writeups that would back your side?


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"Thanks for the advice. My phone autocorrects to ""résumé"".   As far as the sophomore thing, I figured I might stay another quarter after 2 years if I am unsuccessful, but how would I market myself as a sophomore now?   I have to turn in a resume for a program I am applying for through school by next month, so I have to put CC down on there. Once I get a GPA at UCLA, I figure I can omit the CC at that point."


The first two answers to this are very good, but I feel like there are a couple of points they left out that were a little too long for comments. First off take a look at the expense percentage,the load fees, and the average turnover ratio for the funds in your retirement account (assuming they are mutual funds). Having low expense fees <1% preferably and turnover ratios will help tremendously because those eat into returns whether the value of the fund goes up or down. The load fees (either incoming or outgoing) will lower the amount of money you actually put in and get out of the fund. There are thousands of no-load funds and most that have a backend load for taking the money out have clauses that lower that percentage to zero over several years. It is mostly there to keep people from trying to swing trade with mutual funds and pull their money out too quickly.  The last thing I would suggest is to look at diversifying the holdings in your account. Bond funds have been up this year even though the stock market has done poorly. And they provide interest income that can increase the amount of shares you own even when the value of the bonds might have gone down.


I think the strongest reason against DHA purchases (I don't consider them investments) is points 3 and 5 mentioned above. The resale market is only to other investors that are convinced its a good investment.If you can't sell to owner occupiers, you've just removed the MAJORITY of your potential pool of people to resell to - this has a devastating effect on your ability to make any capital gain from your investment - if you're not chasing capital gain...be sure to understand why! (see article below)The marketing people will have you believe that DHA is a great investment from a yield perspective...maybe so, I haven't crunched the numbers. But in my opinion, I would wonder - who cares?Yield is important to ensure you can hold the property, but if there is no capital growth and you can't sell it for a profit or release some equity to buy the next investment, then you've just put a massive road block in your wealth building path.I am at the asset accumulation phase of my investing journey, so my opinion is skewed towards capital growth investments. Unless you have a sizable equity base already, in my opinion $4-5 Million in debt free assets, then you should be looking for capital growth assets...not high yield.This article from Your Investment Property magazine, although now dated, gives a good example to illustrate my point on why capital growth is the sensible strategy during the asset building phase of your wealth creation journey: Why capital growth is still king  I think the strongest reason against DHA purchases (I don't consider them investments) is points 3 and 5 mentioned above.  The resale market is only to other investors that are convinced its a good investment. If you can't sell to owner occupiers, you've just removed the MAJORITY of your potential pool of people to resell to - this has a devastating effect on your ability to make any capital gain from your investment - if you're not chasing capital gain...be sure to understand why! (see article below) The marketing people will have you believe that DHA is a great investment from a yield perspective...maybe so, I haven't crunched the numbers. But in my opinion, I would wonder - who cares? Yield is important to ensure you can hold the property, but if there is no capital growth and you can't sell it for a profit or release some equity to buy the next investment, then you've just put a massive road block in your wealth building path. I am at the asset accumulation phase of my investing journey, so my opinion is skewed towards capital growth investments. Unless you have a sizable equity base already, in my opinion $4-5 Million in debt free assets, then you should be looking for capital growth assets...not high yield. This article from Your Investment Property magazine, although now dated, gives a good example to illustrate my point on why capital growth is the sensible strategy during the asset building phase of your wealth creation journey: Why capital growth is still king


Now *that* is what I call spin.  The economy is down, construction companies are suffering all over (no longer profitable), and these people blame the *taxes.* Fact is, if the business were significantly profitable, the taxes would not close it. Evidence: he operated for 25 years in this tax environment.


I'm pretty sure you already know this, so I'm probably just wasting time. You know, I can't think of a better analogy to the whole global warming debate than this 97% number. A misleading statistic that means nothing is used to mislead the public. The origin of this number was a survey of over 10,000 Earth scientists in climate related fields a few years back. First, it was a non-scientific survey, and only 3000 people bothered to respond. The two questions were:  The first: “When compared with pre-1800s levels, do you think that mean global temperatures have generally risen, fallen, or remained relatively constant?” Few would be expected to dispute this…the planet began thawing out of the “Little Ice Age” in the middle 19th century, predating the Industrial Revolution. (That was the coldest period since the last real Ice Age ended roughly 10,000 years ago. 97% of skeptics would answer yes to this.  The 2nd: Do you think human activity is a significant contributing factor in changing mean global temperatures?” So what constitutes “significant”? Does “changing” include both cooling and warming… and for both “better” and “worse”? And which contributions…does this include land use changes, such as agriculture and deforestation? Once again, many skeptics would answer yes.  Surprisingly, of the 3000 respondents, only 82% answered yes to both questions So there is your real consensus. Well, this wasn't acceptable of course, so they waded through the 3000, and found 79 that they classified as climate scientists. 76 of 79 responded yes to the first question. 96.4 % (What the heck, we have real published scientists who don't even think the earth has warmed?) So then 2 of the 3 who answered no to the first question didn't answer the second question. I think it is fair to say that if they think there was no warming, then they didn't feel that mankind had contributed. But for the survey, they just reported 75 of 77 (97% plus) responded yes to the 2nd question. So even using their own bull$#@!--- picking of a subset of 3000 that got the answer they wanted, they still cheated and reported the 97% statistic, since the honest 95% answer didn't sound good enough to them. Now that's the true origin of the statistic. And you could probably get 90% of skeptics to agree to the two questions.  And none of the questions address the real thing being debated. What is the real feedback going to be from CO2 warming? You can't even get a consensus on whether it will be positive or negative.


Ask them to send a SWIFT payment [aka International Wire]. You would need to give them your bank details, essentially Bank Account, Bank Name & Address, SWIFT BIC, etc. Almost all Public Sector Bank and all leading Private scetor banks are members of SWIFT and can give you a the SWIFT BIC. If you are not sure about other party, it would be wise to open a new account and give the details of this account rather than your normal account.


Yes, However if you live in the USA a lot of companies will refuse to sent you any report and will not let you take part in “right issues” as they don’t wish to come under USA investment law.


gee, why not pump lots of money into large infrastructure projects, creating jobs, giving people a wage they can live on and have some disposable income to pump back into the economy so that the products the rich are producing have buyers.. or is that just too simple for an economy.


Size note- last I looked self insuring a fleet is insanely capital intensive as you basically have to put enough aside to cover most instances of risk. It's possible for some companies, but others will need alternatives as it's just too much upfront cash.


You've just pushed the problem off to trying to figure out the market value of property, not to mention that property values are subject to bubbles. I don't particularly worry about the problems that would cause the government, but it makes it really hard on businesses (and people) that now have to pay a lot more than they budgeted for.   Property taxes are a useful thing, and serve an important purpose, but you don't want to bet budgets on them alone. Diversification is important in all kinds of investments.


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Option 3 is a pretty unique offering. Nationwide offer free withdrawals abroad, but you need to pay £10 per month (you do get very good travel insurance and other services for that fee too). So I like option 3, good for the average tourist, then pay a nominal % as expected.


There is nothing called best; Depending on the amounts there are several options and each will cost some money.  If your business is still small customers are individuals try PayPal it will be easy for everyone. The other options are accepting Credit Card, you would need to set-up card gateway on your website etc Simple wire transfer, it will cost more both for your customers and to you.


It would be quite the miracle if you found that you know, now, just graduating college, what your tax rate would be at retirement.  But, it's fair to say that chances are that you'll be in a higher tax bracket in years to come due to promotions,better job, or he joy of dual income after marriage. So, I'd suggest Roth for now, with an eye towards pretax savings as your income and bracket rises. Ideally, a retiree finds himself in a bracket no higher than while working, but also not lower. You see, saving in Roth 100% and missing the ability to withdraw at 0, 10, and 15%, is as bad as saving 100% in pretax, and fining you retire in a higher bracket. No one can tell you the best path, but at any given moment, the highest probability outcome may be visible.


If you use the account on a regular basis follow MrChrister's advice.   If you don't use the account very often the fastest method is to just transfer the money out and then call to close the account.  In the US there is no tax or credit score implications from closing an account.


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"> A DCF works with whatever cash flows you are willing to forecast. If you have extreme skepticism about those > forecasts then you can either adjust them, run sensitivity analyses, or use a significantly higher discount rate > (or all three). All of those approaches will help you establish upper and lower bounds for a valuation.  The amount of uncertainty you have makes the upper and lower bounds insanely wide. Even choosing an appropriate discount rate is non-trivial.  > So what you're saying is that Facebook can forecast that by acquiring Snapchat they're able to ""keep X users > for Y period of time"" but they then can't make the next logical leap to figure out how to apply a profit/revenue > factor to those user numbers in order to create a suitable DCF?  Why would they waste their time with a DCF? Sure, you can calculate incremental value saved or a hundred different metrics but at the end of the day this is a bet that you only get to make once, it would be very tough to gamble with any degree of statistical confidence here.  If they got to buy 100 whatapps' they might be able to do something but in this context it's a clear bet on strategy and it's that.  Forecasting future cashflows is notoriously difficult even with stable firms, trying this with a new firm that's practically a venture bet would be a waste of everyone's time.  Zuckerberg made a $20bn bet that this company would allow them to stay in peoples lives online and that can be sold to advertisers."


Where's the source for your average net profit?   I know you can't get rich driving Uber but 7 cents a mile is definitely off. I drove for lyft and Uber for a few months 1.5 years ago and netted around $10 ( yes I am factoring in gas, service, etc.)  Assuming a 45 mph rate for those 14 miles is approximately 20 minutes (for easy math). So in one hour (under your 7 cents a mile) you are saying the average Uber drive makes $3.00 an hour profit?   Are you factoring in that drivers, US at least, can deduct 57.5 cents per business mile?


Now if we could get them to reduce the frequency of commercials we will have really accomplished something for the viewer. If you think about it for every 2 minutes of program you have to watch 1 minute of commercials.  This is not acceptable and it is why i watch so little television anymore.


agreed, its primary goal is to shed light on how most people think about debt and money and how truly financially successful people think about debt and money, e.g. acquiring cash producing assets.  It's not terribly specific, but is a good primer to inspire someone to dive into learning about other avenues of increasing wealth that does not rely solely on grinding away year after year at some job you hate only to hope to outlive your 401k.


If an advisor uses asset allocation and risk management in conjunction with financial planning, performance will be adequate for each client's goals in the LONG RUN. Past performance doesn't mean shit for the future and imo, bragging on performance in a prospect meeting signals that they don't have any other value to lean on and likely take on more risk than they should to show that performance.


Verify the signature against what? You are going to have a pad of paper and ask the customer to sign and compare it for every charge?  Also, FYI, per the credit card companies, you need just to check if the signature is on the card. They do NOT(!) ask you to compare signatures.


No, the vast majority of jobs do not require a business degree. You got a b.s. and seem to have a decent gpa. Now go sell it. Break out of the academic, well organized milieu you probably come from. Did you get an internship? I hope so.


>No, YOU made it about me.  Ha one small hypothetical example about both of us is hardly that at all.   > Then put your money where your mouth is and get out there and create some jobs.  Remember my comment was in response to this random attack comment of yours that had nothing to do with the discussion.   But whatever, go keep picking fights online and then shifting the discussion the moment your argument starts falling apart.


A central bank typically introduces new money into the system by printing new money to purchase items from member banks.  The central bank can purchase whatever it chooses.  It typically purchases government bonds but the Federal Reserve purchased mortgage-backed-securities (MBS) during the 2008 panic since the FED was the only one willing to pay full price for MBS after the crash of 2008. The bank, upon receipt of the new money, can loan the money out.  A minimum reserve ratio specifies how much money the bank has to keep on hand.  A reserve ratio of 10% means the bank must have $10 for every $100 in loans. As an example, let's say the FED prints up some new money to purchase some office desks from a member bank.  It prints $10,000 to purchase some desks.  The bank receives $10,000.  It can create up to $100,000 in loans without exceeding the 10% minimum reserve ratio requirement.   How would it do so?  A customer would come to the bank asking for a $100,000 loan.  The bank would create an account for the customer and credit $100,000 to the customer's account.  There is a problem, however.  The customer borrowed the money to buy a boat so the customer writes a check for $100,000 to the boat company.  The boat company attempts to deposit the $100,000 check into the boat company's bank.  The boat company's bank will ask the originating bank for $100,000 in cash.  The originating bank only has $10,000 in cash on hand so this demand will immediately bankrupt the originating bank. So what actually happens?  The originating bank actually only loans out reserves * (1 - minimum reserve ratio) so it can meet demands for the loans it originates.   In our example the bank that received the initial $10,000 from the FED will only loan out $10,000 * (1-0.1) = $9,000.  This allows the bank to cover checks written by the person who borrowed the $9,000.  The reserve ratio for the bank is now $1,000/$9,000 which is 11% and is over the minimum reserve requirement.  The borrower makes a purchase with the borrowed $9,000 and the seller deposits the $9,000 in his bank.  The bank that receives that $9,000 now has an additional $9,000 in reserves which it will use to create loans of $9,000 * (1 - 0.1) = $8100.   This continual fractional reserve money creation process will continue across the entire banking system resulting in $100,000 of new money created from $10,000. This process is explained very well here.


Yep, you need to hire a lawyer and an accountant, honestly.    When I was starting my business, I hired one who was BOTH.  Not really for cost-savings, though it did save $$$, but it was super convenient and it's nice to have someone knowledgable in both.  It totally depends on your area, but don't overthink it or get intimidated.  It won't take as much $$$ as you think to hire someone, maybe $500-$1,000 or so upfront, then a small hourly fee probably every month if you need help with sales tax or accounts or whatever... you need to make sure the gov is getting theirs though from day 1 re: taxes, otherwise you're gonna regret it.  Much cheaper to get it all in place now.


"Don't go bashing white Christian American's too hard, bub. They're the only reason you life a free life (if you live in the USA), see WW1, WW2.  I don't just take my news from Fox. In fact, lately, they seem to be getting taken over by CNN fucking crazy commies. But I take in the news from over a dozen sites and do my own cross checking/thinking.   If you're a Bernie guy, although it's a whole lot better than an obama guy, you're still a moron, relatively speaking.   And sticking your head in the sand about the muslim invasion is just going to get it cut off by them.  Hey, check it out, more from your buddies just in from jolly ol' London, mate! ""Nursery worker is left with broken ribs and needing stitches after she was punched and kicked to the ground and slashed with a Stanley knife by three girls shouting 'Allah will get you'"""


This is one effect of rising minimum wages: compression of lower pay tiers. The new employees might have been offered a lower starting rate than the result of your raise, but your employer did not have that option as a matter of law.


Make a list and require your spouse to approve any purchase not on the list.


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"Which, unsurprisingly falls under my comment.  ""Everytime I see this brought up it turns out to be based on first wave cars""  Which since I'm not a first gen buyer, I'm not really worried about. As a stock holder I also see signs that they are actively fixing issues, so what you see wrong with wave 1 is not wrong with wave 2 and so on and so forth.  So I'll reply with a snarky bit of my own.   ""If only readers of /r/Business actually ***read***"""


Farm subsidies also act as a strategic reserve of arable land. If war broke out and our supply lines were cut, we are one of the few countries in the world who could increase our farming output to feed our own citizens without imports. Keeping a large percent of land available to be farmed requires paying farmers to keep that land ready.


"On what are you basing this theory?    Google has partnered with cities like Kansas City to create or use existing infrastructure.  For example, KC has waived a huge fee for utility pole use.  In other cases, they buy/lease the existing fiber that the city owns for $1.  They have cut through the installation barriers by working only with cities that are willing to deal.  Google ""Overland Park Kansas Google fiber"", you'll find them without fiber because they didn't want to work with Google.  Soon they will be a fiber-less island in the KC metro area.  Google wants everyone to have better internet, assured net neutrality and make a profit.  They will make a profit on this venture faster than you think.  Moreover, their competition will have to actually compete which will be better for all of us.  I also predict city mayors will start getting elected on a simple campaign of ""Bring Google Fiber here or let's build it ourselves"".    Who wouldn't vote for that candidate in a city with a Comcast monopoly?"


"The Euro is not the reason for the debt crisis. It is only preventing those countries affected from using the easy way out. The fault is entirely that of those countries.  They were given billions and billions in structural aid, to put the ""convergence criteria"" into reality. Instead they chose bubble economies. And no, this is not the same all around Europe. I don't see France or Germany having a giant property bubble."


In a situation like this, I presume you'd invest in the child company if you thought that the child company would increase in value at a higher rate than the parent. You'd invest in the parent company if you thought the parent company would perform well as a whole, but you did not want to assume the risk of an individual company underneath it. Say the child company is worth 100 million, and the parent company is worth 500 million. You've invested a sum of money in the child company. The child company performs very well, and increases in value by, say, 20 million. As the parent company owns the child, we could say it also increases in value by roughly 20 million. The difference is proportional - Your investment in the child sees a 20% gain in value, whereas your investment in the parent sees a 4% gain in total value, as in this example the parent company, which owns nearly 100% of the child company, is worth 5x more and thus proportionally sees 1/5 the increase in value, due to it being worth more as a whole. Think of it similarly to a mutual fund or ETF that invests in many different stocks on the market. As the market does well, that mutual fund or ETF does well, too.  As the mutual fund is made up of many individual stocks, one stock performing very well, say at a 10-20% increase in value, does not raise the value of the ETF or mutual fund by 10-20%. The etf / mutual fund will perform slightly better (Assuming all other components remain equal for this example), but only proportionally to the fraction of it that's made up of the stock that's performing well.


"If you're really a part-time worker, then there are some simple considerations.... The remote working environment, choice of own hours, and non-guarantee of work availability point to your ""part-time"" situation being more like a consultancy, and that would normally double or triple the gross hourly rate. But if they're already offering or paying you a low hourly figure, they are unlikely to give you consultant rates."


"First of all, congratulations on being in an incredible financial position.  you have done well. So let's look at the investment side first.   If you put 400,000 in a decent index fund at an average 8% growth, and add 75,000 every year, in 10 years you'll have about $1.95 Million, $800k of which is capital gain (more or less due to market risk, of course) - or $560k after 30% tax.  If you instead put it in the whole life policy at 1.7% you'll have about $1.3 Million, $133k of which is tax-free capital gain. So the insurance is costing you $430K in opportunity cost, since you could have done something different with the money for more return.   The fund you mentioned (Vanguard Wellington) has a 10-year annualized growth of 7.13%.  At that growth rate, the opportunity cost is $350k.  Even with a portfolio with a more conservative 5% growth rate, the opportunity cost is $178k Now the life insurance.  Life insurance is a highly personal product, but I ran a quick quote for a 65-year old male in good health and got a premium of $11,000 per year for a $2M 10-year term policy.  So the same amount of term life insurance costs only $110,000.  Much less than the $430k in opportunity cost that the whole life would cost you. In addition, you have a mortgage that's costing you about $28K per year now (3.5% of 800,000). Why would you ""invest"" in a 1.7% insurance policy when you are paying a ""low"" 3.5% mortgage? I would take as much cash as you are comfortable with and pay down the mortgage as much as possible, and get it paid off quickly. Then you don't need life insurance.  Then you can do whatever you want.  Retire early, invest and give like crazy, travel the world, whatever.   I see no compelling reason to have life insurance at all, let alone life insurance wrapped in a bad investment vehicle."


My local Ace hardware store is my new favorite place.  It's definitely still the old school hardware store of my youth, aisles and aisles of fasteners of every kind with envelopes and pens to write down what you bagged.  All the little fiddly bits of plumbing and cabinet hardware you can spend 40 days searching for in a Home Depot or Lowe's and never find.  A crusty old geezer in the back who knows more than your dad when it comes to plumbing, concrete, framing, etc...


What JoeTaxpayer means is that you can sell one ETF and buy another that will perform substantially the same during the 30 day wash sale period without being considered substantially the same from a wash sale perspective more easily than you could with an individual stock. For example, you could sell an S&P 500 index ETF and then temporarily buy a DJIA index ETF. As these track different indexes, they are not considered to be substantially the same for wash sale purposes, but for a short term investing period, their performance should still be substantially the same.


This one is pretty interesting in light of this OP's article (bold emphasis mine): >“Mediocre company”  Former Employee in Park City, UT – **Reviewed Sep 1, 2010**  >Pros – Convenient location, employee covered parking, ski passes (sometimes), competitive pay.  >Cons – Corporate Management has no idea what's happening on the local level. **Owner of company sends emails to all employees with his political views, including who you should vote for during election season.** Health insurance premium is more expensive than I have ever paid elsewhere.  >**Advice to Senior Management – Keep your political opinions to yourself.** Trust your local GM's and managers.


REO stand for real estate-owned homes or pre-owned homes that are for sale. Banks and other financial institutions have huge numbers of foreclosures homes that they are offering at very affordable prices. Many people buy investment homes and either keep them as equity or re-sell them with a mark-up and turn a profit. Cheap houses are a good way to invest and earn a return on your money.


The referenced article leaves out the relevant information that Russia's embargo was a response to bans, by other countries ~~of~~, of food imports from Russia. BBC News offers a somewhat fuller picture:  http://www.bbc.com/news/business-28714869  The Russian government's actions still seem vindictive and self-defeating to me, but I wanted to add that information.


Agreed.  Their prices are usually much much cheaper than your larger chains like Giant Eagle and Food Lion.  I wish there was a Trader Joes near me right now, would save me a ton on my grocery bill.


The reason you would want to report to all three is because lenders don't usually query all three. Thus, it may be that your negative mark will be missed by a future lender because that lender didn't query the agency you chose to report to. Generally, it is cheaper to report to more agencies than to query more agencies, and since those reporting are also those querying, it is in their best interest to continue reporting to all agencies, and expecting others to do the same. Each agency calculates the score independently based on the information reported to that agency. Thus only reporting a negative item to Experian will mean that TransUnion and Equifax scores for the same person will be higher.


Ask the dealer to drive to the bank with you, if they really want cash.


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When a business asks me to make out a cheque to a person rather than the business name, I take that as a red flag. Frankly it usually means that the person doesn't want the money going through their business account for some reason - probably tax evasion. I'm not saying you are doing that, but it is a frequent issue. If the company makes the cheque out to a person they may run the risk of being party to fraud. Worse still they only have your word for it that you actually own the company, and aren't ripping off your employer by pocketing their payment. Even worse, when the company is audited and finds that cheque, the person who wrote it will have to justify and document why they made it out to you or risk being charged with embezzlement. It's very much in their interests to make the cheque out to the company they did business with. Given that, you should really have an account in the name of your business. It's going to make your life much simpler in the long run.


You do realize that the stock market is at all time highs because of QE, right?   And that the article isn't even disputing that, it is saying that a vast majority of people is not getting into a better standard of living, with the exception of the very rich, which also happen to be the ones that hold most of the stocks. Funny how that works, isn't it.


"I don't see why not.  It *could* go over fantastically.    Imagine Wal-Mart firing every single solitary employee who didn't come in.  Then imagine them busing in thousands of employees from all over the country, providing lodging and transportation, to keep the stores open while they train new people.  ""Wal-Mart: Going the Extra Mile""  The public would eat it up with a spoon!  And it would send exactly the message they intend: No unions, no collective bargaining, no negotiation."


> Nonsense! Mugging .... is so rare  Edited to reflect what I actually said, and to respond. Mugging is rare, but it's not non-existent. Being proactive about making yourself a poor choice of targets is important to staying safe. Your arguments have shown a pattern of this lack of fore-sight, so far. I'm not going to spend my life going in circles with you.  > I am saying that cards that require you to enter a PIN cannot be used used when stolen or copied. Yes or no?  > On the other hand, cards that require signature can be used when stolen or copied because signature is a worthless method to validate the charge. Yes or no?  I think you've broken, and it is clear that you are the one trying to keep the argument going for the sake of it. So I'm done.  > Do you see? There are so many ways to make this system so much more secure and fraud proof... but, ON PURPOSE,  yep. but on purpose.


The idea of self-regulating free markets is every bit of a naive utopian idea as anything Karl Marx ever wrote.  People who wish to limit the government have the best interests of corporations at heart.  That is why there are vast sums of money behind libertarian groups like the Tea Party.    There will always be corruption in government, just as there will never be truly free markets.  That is why our founding fathers set up multiple branches of government with all the checks and balances.  Things are broken right now because the American people have lost faith in our government.    What we need is for a true patriotic spirit to return to the American people, not this unproductive, flag waving nationalism.


"Your main reason to not pay off your debts right now seems to be: Enjoy life while ""I am young"" and not miss opportunities to have fun? I think the good news is that having fun usually does not require spending a lot of money. I would propose that most of the times when we considered something fun it had more to do with who we were with than what we were actually doing. Of course there are many fun things that are expensive, but there are even more fun things that require little money at all. My suggestion to you would be to prioritize your debt in a responsible way such that you have a plan to pay it off quickly, but if something comes along that does require extra money, don't be afraid to make an adjustment. For example, you can try to put 2000€ towards your debt every month, but if some exciting adventure comes along that you really want to do and it costs 1000€ one month, you shouldn't feel like you absolutely must turn it down. That month you could put 1000€ towards debt and the other 1000€ towards the adventure. I wouldn't recommend taking an adventure every month, but I wouldn't always turn one down either. Besides, I think most of the time you can have lots of fun for free."


As long as tax cuts for the rich and increases in the military budget are considered sacrosanct; while universal education and healthcare are considered luxuries the deficit will increase.  For their taxes Europeans get free education for life through graduate school, a healthcare system that American's would want if they were allowed to know it existed, child care, clean streets, a justice system that has the lowest recidivism rate in the world and a stable middle class.  For our taxes, Americans get parasitic billionaires and fighter jets that can't fly in the rain.


That broad figure is rather useless on its own. People buy mostly things they need right away.  A useful analysis would a multi-variable one, graphing 3-way correlations of:  - price - profit margin - average half-life of the product  Maybe across a few separated categories, online vs brick-and-mortar, normalised towards the median and 3 standard deviations on each variable.  These would be some neat graphs if only the data was available.


Even without regulation wage floor is as close to zero as possible. If you want a truly free labor market, where employers actually have to compete for workers, something akin to a UBI would have to exist, or something that actually frees the labor market IMHO.


Sure. No-one promises that all the outstanding stocks are ever for sale, but if you get them all - you get them all, what marketplace you used for that doesn't really matter.


Why is OP still using BoA?  I got a large check when my grandfather died, my credit union told me that there'd be a delay because it was so large.  I said no problem.  Then a lady called me later that day to make sure I didn't need some of the money immediately.  I again demurred, but they really went the extra mile.  Why?  Because local credit unions actually give a shit about their customers.  Anyone who uses BoA for banking gets what they deserve.  How many more stories do you need to read?


"I think you'll find the vast majority of people don't like their first job and/or just see it as a stepping stone towards something better. With that said I highly recommend you stay for at least a year unless you're truly miserable. That year will let you learn not only more about your field but also office life in general and the politics/networking/traits it takes to be successful and move up the chain. Staying for less than a year can also be a red flag when you go to apply for your next job as companies can see you as ""shaky"" and not want to take the risk of hiring someone who will leave so soon."


Theoretically, it could be daily, but depending upon the number of companies in the index, it could be anywhere between daily or once a month or so. Apart from that, there is a periodic index review that happens once every quarter. The methodology for each index is also different, and you need to be aware of it (we had positions on literally hundreds of indices, and I knew the methodology of almost each of them).  If you have say, 2 billion dollars tracking a certain index, even a miniscule change in the composition would be substantial for you. But for certain others, you may just need to buy and sell $10k worth of stocks, and we would not even bother.


I like to look at Alpha, Beta, St. Dev., Sharpe Ratio, and R-Squared. It's also good to know how they work together. i.e.: Say you're comparing a fund to an index and the fund has a low beta, but the r-squared is low (<70 is low for my usage). The beta loses some significance in that instance.   You want to be able to look at these 5 metrics, know what they mean on their own, and what they say about each other.  Sorry if that was poorly worded, Mondays...


To determine how much you can contribute to a regular and roth IRA you have to calculate your compensation: What Is Compensation?  Generally, compensation is what you earn from   working. For a summary of what compensation does and does not include,   see Table 1-1. Compensation includes all of the items discussed next   (even if you have more than one type).Wages, salaries, etc. Wages,   salaries, tips, professional fees, bonuses, and other amounts you   receive for provid-ing personal services are compensation. The IRS   treats as compensation any amount properly shown in box 1 (Wages,   tips, other compensation) of Form W-2, Wage and Tax Statement,   provided that amount is reduced by any amount properly shown in box 11   (Nonqualified plans). Scholarship and fellowship payments are   compen-sation for IRA purposes only if shown in box 1 of Form   W-2. It a also includes commissions, self-employment income, and alimony an non-taxable combat pay. For most people it is what i in box 1 of the W-2. For the example in the question. If the sum of Box 1's equals $3,200 that is the maximum you can contribute to all your IRAs (regular and Roth). The funds can come from anywhere. It is not related to your net check. The money can be from savings, gifts, parents, grandparents... The IRS doesn't care about the source of the funds, only that you don't over contribute. Of course the calculation is more complex if the person is married, and if they have access to a retirement account.


Haven't there been examples of governments defaulting, delaying payment and imposing haircuts on investors? Greece and Argentina come to mind. Quite a few Govt have defaulted in the past or were very of default or crisis. Most 3rd world countries or developing countries have under gone stress at some point. Greece was amongst the first example of Developed country going bankrupt. am I not better off if the fund invests solely in AAA corporate bonds, avoiding government bonds? Well that depends. Corporate bonds are not safer than Government Bonds. There have been instances of Corporate bonds not giving the required returns.


In how much trouble can I get exactly if the IRS finds out? I   understand that there's a 6 year statute of limitations on criminal   charges and no limitation at all on fraud. Is this considered fraud?   I'm assuming not. There's no statute of limitations for fraud (which is a criminal charge). The statute of limitations is for failure to report income which is not fraud. In your case, since you willingly decided to not report it knowingly that you should, it can most definitely account for fraud, so I wouldn't count on statute of limitations in this case. I should amend my taxes for those years That would be the easiest way to go. would the IRS go all the way and file criminal charges considering the amount of money I owe They have the legal right to, and if you do get caught - likely they will. Easy money for them, since you obviously have income and can pay all the fines and penalties. Practically speaking, what's the worst case scenario? Theoretically - can be jail as well. Being charged in a criminal court, even if the eventual punishment is just a penalty, is a punishment of its own. You'll have troubles finding jobs, passing security checks, getting loans approved, etc. For $3200, when you're in 25% bracket as an individual for years, I'd say not worth it.


Apparently it's based on either the address of the seller or vendor or your shipping address; from the AccurateTax.com blog post Destination and Origin Based Sales Tax: ... a few states have laws that are origin-based, where products that are shipped to the customer are taxed based on the location of the business itself. As of this writing, these states are Most states use destination-based sales tax, which defines the source of the transaction to be the destination at which the product will eventually be used, or the address to which the product is shipped. ... The following states [and districts] operate on a destination-based model at the time of this writing: The page Do I Charge Sales Tax or Not? from about.com seems to (somewhat) clarify that if the business is located in a state (or other jurisdiction) with an origin-based sales tax, then they will charge you the sales tax for their state and, presumably, not the sales tax for the state of the shipping address.


"Warren Buffett: 'Investing Advice For You--And My Wife' (And Other Quotes Of The Week): What I advise here is essentially identical to certain instructions   I’ve laid out in my will. One bequest provides that cash will be   delivered to a trustee for my wife’s benefit…My advice to the trustee   could not be more simple: Put 10% of the cash in short-term government   bonds and 90% in a very low-cost S&P 500 index fund. (I suggest   Vanguard’s.) I believe the trust’s long-term results from this policy   will be superior to those attained by most investors… Similarly from Will Warren Buffett's investment advice work for you?: Specifically, Buffett wants the trustee of his estate to put 10   percent of his wife's cash inheritance in short-term government bonds   and 90 percent in a low-cost S&P index fund - and he tips his hat   specifically to Bogle's Vanguard in doing so. Says Buffett: ""I believe   the trust's long-term results from this policy will be superior to   those attained by most investors - whether pension funds, institutions   or individuals."""


Fighting scammers to the point that you drive away a significant volume of customers is cutting off your nose to spite your face.    Treating customers like they're acting in good faith and fighting scammers on the back end is the right way to do it.  Ebay and Amazon need to step up those back end efforts, though.


It sounds extremely fishy to me. Who has $750 in cash in his pocket and uses it to pay rent?? I would ask the tenant to show a statement from her checking account which shows that she took out that much cash in the days before the 'payment', and if she cannot provide it (or another convincing explanation), I would consider it a lie and request payment.


Alright, team!   I found answers to part 1) and part 2) that I've quote below, but still need help with 3).  The facts in the article below seem to point to the ability for the LLC to contribute profit sharing of up to 25% of the wages it paid SE tax on.  What part of the SE tax is that?  I assume the spirit of the law is to only allow the 25% on the taxable portion of the income, but given that I would have crossed the SS portion of SE tax, I am not 100%.  (From http://www.sensefinancial.com/services/solo401k/solo-401k-contribution/) Sole Proprietorship Employee Deferral The owner of a sole proprietorship who is under the age of 50 may make   employee deferral contributions of as much as $17,500 to a Solo 401(k)   plan for 2013 (Those 50 and older can tack on a $5,500 annual catch-up   contribution, bringing their annual deferral contribution to as much   as $23,000). Solo 401k contribution deadline rules dictate that plan   participant must formally elect to make an employee deferral   contribution by Dec. 31. However, the actual contribution can be made   up until the tax-filing deadline.  Pretax and/or after-tax (Roth)   funds can be used to make employee deferral contributions. Profit Sharing Contribution A sole proprietorship may make annual profit-sharing contributions to   a Solo 401(k) plan on behalf of the business owner and spouse.   Internal Revenue Code Section 401(a)(3) states that employer   contributions are limited to 25 percent of the business entity’s   income subject to self-employment tax. Schedule C sole-proprietors   must base their maximum contribution on earned income, an additional   calculation that lowers their maximum contribution to 20 percent of   earned income. IRS Publication 560 contains a step-by-step worksheet   for this calculation. In general, compensation can be defined as your   net earnings from self-employment activity.  This definition takes   into account the following eligible tax deductions: (1) the deduction   for half of self-employment tax and (2) the deduction for   contributions on your behalf to the Solo 401(k) plan.  A business   entity’s Solo 401(k) contributions for profit sharing component must   be made by its tax-filing deadline. Single Member LLC Employee Deferral The owner of a single member LLC who is under the age of 50 may make   employee deferral contributions of as much as $17,500 to a Solo 401(k)   plan for 2013 (Those 50 and older can tack on a $5,500 annual catch-up   contribution, bringing their annual deferral contribution to as much   as $23,000). Solo 401k contribution deadline rules dictate that plan   participant must formally elect to make an employee deferral   contribution by Dec. 31. However, the actual contribution can be made   up until the tax-filing deadline.  Pretax and/or after-tax (Roth)   funds can be used to make employee deferral contributions. Profit Sharing Contribution A single member LLC business may make annual profit-sharing   contributions to a Solo 401(k) plan on behalf of the business owner   and spouse. Internal Revenue Code Section 401(a)(3) states that   employer contributions are limited to 25 percent of the business   entity’s income subject to self-employment tax. Schedule C   sole-proprietors must base their maximum contribution on earned   income, an additional calculation that lowers their maximum   contribution to 20 percent of earned income. IRS Publication 560   contains a step-by-step worksheet for this calculation. In general,   compensation can be defined as your net earnings from self-employment   activity. This definition takes into account the following eligible   tax deductions: (i) the deduction for half of self-employment tax and   (ii) the deduction for contributions on your behalf to the Solo   401(k).  A single member LLC’s Solo 401(k) contributions for profit   sharing component must be made by its tax-filing deadline.


If they specifically ask you this, don't try to make something up. If you know something about the company that actually interests you, you can start with that.   You can ask questions on what kinds of benefits/incentives they receive, their culture, or how they do things differently at their company.   IMO you can try to redirect this to how you think the fintech industry and position are right for you- that you want to do challenging work, solve difficult problems, work with incredibly smart people, and improve your skills and gain experience, and how you have read/heard that the company a big player in the industry, is well known for all of the above and is the right place for you to achieve your goals. (Why did you apply in the first place?)


Depends on the level of risk in the specific p2p provider. I've looked at lendinvest which secures loans against property. You can select loans based on loan-to-value ratio etc. Even if a recession happens, if the LTV is around 50% it would have to be a pretty awful recession for you to lose any money once they recover, although there will be a delay while you wait for the recovery to happen. I would thus consider this lower risk than other p2p options, so I'd be willing to put more money into it. At the end of the day as others have said there's no objective answer. This is just one factor to consider which I don't think has been pointed out yet on this discussion


10% of 20,000 has a way bigger impact on someones quality of life than 10% of 10,000,000. There's a bare minimum you need to have an okay lifestyle, and it scales very quickly until you hit six figures-ish (or whatever the equivalent is for your area in purchasing power).


Cultural aspects aside, there are a lot of American universities throughout Europe. Reinsertion into the US market would be my #1 concern but besides that it beats the tons of debt you get in the US while being able to expand your horizons. I just find it very weird more people don't at least consider it and rather make the mistake of paying 60k a year. Or at least go to community College...


Bonds released at the same time have different interest rates because they have different levels of risks and liquidity associated.  Risk will depend on the company / country / municipality that offers the bond: their financial position, and their resulting ability to make future payments & avoid default. Riskier organizations must offer higher interest rates to ensure that investors remain willing to loan them money. Liquidity depends on the terms of the loan - principal-only bonds give you minimal liquidity, as there are no ongoing interest payments, and nothing received until the bond's maturity date. All bonds provide lower liquidity if they have longer maturity dates. Bonds with lower liquidity must have higher returns to compensate for the fact that you will have to give up your cash for a longer period of time. Bonds released at different times will have different interest rates because of what the general 'market rate' for interest was in those periods. ie: if a bond is released in 2016 with interest rates approaching 0%, even a high risk bond would have a lower interest rate than a bond released in the 1980s, when market rates were approaching 20%. Some bonds offer variable interest tied to some market indicator - those will typically have higher interest at the time of issuance, because the bondholder bears some risk that the prevailing market rate will drop. Note regarding sale of bonds after market rates have changed: The value of your bonds will fluctuate with the market. If a bond was offered with 1% interest, and next year interest rates go up and a new identical bond is offered for 2% interest, when you sell your old bond you will take a loss, because the market won't want to pay full price for it anymore. Whether you should sell lower-interest rate bonds depends on how you feel about the factors above - do you want junk bonds that have stock-like levels of returns but high risks of default, maturing in 30 years? Or do you want AAA+ Bonds that have essentially 0% returns maturing in 30 days? If you are paying interest on debt, it is quite likely that you could achieve a net income benefit by selling the bonds, and paying off debt [assuming your debt has a higher interest rate than your low-rate bonds]. Paying off debt is sometimes referred to as a 'zero risk return', because essentially there is no real risk that your lender would otherwise go bankrupt. That is, you will owe your bank the car loan until you pay it, and paying it is the only thing you can do to reduce it.  However, some schools of thought suggest that maintaining savings + liquid investments makes sense even if you have some debt, because cash + liquid investments can cover you in some emergencies that credit cards can't help you with. ie: if you lose your job, perhaps your credit could be pulled and you would have nothing except for your liquid savings to tide you over. How much you should save in this way is a matter of opinion, but often repeated numbers are either 3 months or 6 months worth [which is sometimes taken as x months of expenses, and sometimes as x months of after-tax income]. You should look into this issue further; there are many questions on this site that discuss it, I'm sure.


In six months, there is little you can do that will significantly affect your future credit rating other than trying to avoid paying for something by leaving the country. As we keep telling people, the best things you can do for your credit rating are to have a good income and Don't Be Stupid about misusing credit.


I suggest you to test AlauxSoft Accounts and Budget. This software is a money-like. There is a freeware and a shareware (24 EUR). You will find its at http://www.alauxsoft.com Best regards, Michel ALAUX.


"Short answer: No, not normally. Long Answer:  It depends on the contract.  If the 14% is some sort of special offer, with conditions, then if you violate those conditions, they can jack you up to whatever the 'normal' rate is.  But outside of that condition, I can't see any reason why they would wish to penalize you for making a payment.  You will note that there is no ""maximum"" payment on the bill. Secondly, even if they do jack up the rate to 28%, you're still better off paying $70 on 3000, than you are paying ~120 on 10k.  Then tell them where to stick their card and get a new one."


If I had a time machine I'd love to take today's McDonald's cheeseburger to one if their original establishments and do a side by side taste test. Hell, I'd just love to know what a McDonald's burger from the 70s was like. The fucking thing HAD to be good.


"This change doesn't make a ton of sense to me. Interest is an expense. Expenses are deductible. Yes, there are loopholes, but no matter what happens there will be loopholes. Seems like any easy ""no"" vote.     Sometimes it worries me that we have financially incompetent people in power."


The shop I interviewed (not really an interview, I just spoke to the guy) has a branch office near where I live and the guys who trade there are industry veterans (bond traders/daytraders/options traders at other firms/etc) and are willing to let me learn from them/guide me as I learn to trade. That's really why I'm doing it, trying to learn as much as I can about different styles of trading. I jsut graduated undergrad so I'm looking to break into prop and learn from the wise and battle tested.


Okay, since you work hourly there are two substantial changes you can make: 1) Move out of Astoria and closer to Jersey City, such as, to Jersey City. Move out of NYC into Jersey!? Heresy! But that ship sailed when you started working there. 2) Work more hours now that you aren't spending 2 hours and 30 minutes of your life commuting. You can make an extra $125 per day, in theory. Since this is $625 more a week, and $2500 a month, it is a substantial change you can make. Presupposing that your current contract has more hours to work.


Petro-autocrats have made a lot of promises about social support and economic growth based on high project ed oil prices. If those promises fall through because of price declines, there is going to be a lot of unrest.    Just some figures, Saudi Arabia needs 80$ oil to balance its books but this cost rises to 98$ in 2015 because of promises made during the Arab spring.