Also you would need to consider any taxation issues. As he will be paying you rent you will need to include this as income, plus any capital gains tax on the re-sale of the property may need to be paid.


The value of a company is, simplified, the sum of the value of the equity and the value of the debt. There are some other things to add/subtract to that, but just think about those for now.  You could also say the value of a company is the value of its assets, or more precisely the value of the net cash flows those assets will generate in the future.  So let's say you want to start a company, so you want to buy some assets. Maybe you want to buy a $200 asset. Well, you only have $100, so you take out a loan (debt) for $100 for the remainder. You buy the asset and start generating income.  Let's say after a month you get bored and decide to sell the company. Let's assume the value of the assets hasn't changed. Your equity is worth $100, and you find a buyer who is willing to pay $100 for your company. Great! Right?  Well there's still the $100 loan you owe, so you have to pay that back. And suddenly you now have $0.   So in fact, you should have negotiated $200 with the buyer, because that's what the assets are actually worth. Then you can pay back the loan and still have the $100 in equity you deserve. (Alternatively, you could have negotiated the buyer to assume responsibility for the loan; same outcome for you.)  Did that help?


Fact check: not true.  Their **median** net worth dropped 39 percent from 2007 to 2010 while their **mean** net worth, which is what the title of this post implies, went down 14.7 percent over the same period.  Other things worth noting: the 2007 net worth values were adjusted for inflation using the Consumer Price Index (CPI-U-RS) and were based on the interviews of 6492 families in 2010 and 4421 in 2007.   Here's the [source article from the Fed [PDF Warning]](http://www.federalreserve.gov/pubs/bulletin/2012/PDF/scf12.pdf).


> You need a new TV since your old one broke, and you already know Walmart's grocery prices are the best, so you figure their TV prices are the best, and you buy a TV at Walmart. ...  > ...but when you rely on Amazon  Solution, diversify where you buy your consumer goods. Don't shop by bare minimum price, shop by which retailers you want to support. If you can't afford something except at walmart, you probably can't afford it in general. Nobody is pricing necessities out of affordability. Nobody *needs* a television  > They already own your attention and buying interests, and it's no big deal to you, the consumer, because you'd rather a one-stop-shop for your goods than have choices.  don't assume people are as passive in their purchasing decisions as you appear to be. No retailer or for-profit business should be blindly patronized. I regularly pay more for things, to get them sourced, manufactured, or sold in a way that lines up with my beliefs. Sometimes I just won't buy something I'm in the market for.  That's putting your money where your mouth is, and money is the only language these large retailers speak.


My girlfriend works at the honest company and Jessica, like another used stated, is there quite regularly. The office space is an entirely open environment with Jessica's desk being in the middle of one large area. I visited the office last week for a company event and was very impressed with not only the layout of the office but the aesthetics and interior design work. Jessica was at this event and like all the founders, seemed very enthusiastic about the company they are running. I predict big things for The Honest Company.


"Institutional investors are the ""elephant"" in the room. When they ""sneeze,"" everyone else ""catches cold."" They're fine, if they're buying after YOU do. They're not bad, if you want to buy after they sell en masse. But when you read about moves of 10 percent, 15 percent or more in a single day, it's because a bunch of institutional investors all decided to do the same thing on the same day.  That's more volatility than most people can stomach. Fewer institutional investors in a stock mean fewer chances of those things happening."


This website is dedicated to shitting on him, justified or not.      The politics subs will upvote anything as long as it talks trash about the guy, including defensible decisions and stuff thats just made up whole-cloth.   There are multiple subs dedicated solely to trying to find dirt on him.   At some point he turned into reddits white whale.   No real dirt so theyve settled for a steady drumbeat of negative op-eds as a substitute.   Sorry you missed the pattern but it looks like you fell for it.   And in the process you sacrified both credibilty and anyones obligation to take your claims without evidence.     Since your grand contribution to this thread seems to be lashing out at people and insulting them in lieu of any kind of reasoning, its especially dubious that anyone should take what you say seriously.


Yes. The most complicated software most bankers use is Excel. From my limited perspective, success in banking is a function of who you know and how big you can convince everyone else your dick is. Breaking in is the hardest part, but once you're there you won't get kicked out for not being smart enough if you play the game.  You should know accounting really well, also.


Here is a less scientific view of why there is a focus on credit utilization, it is the easiest to control by doing something. The focus on utilization is coming from the people asking the questions regarding how to improve their score, some even have an obsession with trying to wring a few more points even though they have no immediate need for a loan.  Look at the other factors: That means that for 70% the best advice is either wait for your history to get longer, don't open a new line, or don't close an old line. Therefore the only thing they control is to get their utilization score down. If they pay off balance that saves them interest, if they ask for or are award an increase in credit line that also brings down their utilization number. If it is the easiest to improve, it will garner a greater focus from consumers, therefore it seems that the credit industry focuses on it. In reality each consumer has to look at their situation to see which part of their overall score they need to focus on.


I think you should set up a shadow site and do shadow sales if possible first before you spend money on inventory. That way you can quantify anticipated demand for your product in a testing period. What are the lead times for your product? It maybe possible to fulfill orders if you get over 100 sales in a short period of time


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I agree! Definitely not a black and white situation and there's a lot of factors.  Maintenance really isn't that big of a deal if it's done correctly. I've never had to replace an engine or transmission on a car younger than 40 or 50 years old. My 88 Chevy Blazer is still going strong and my girlfiends 56 oldsmobile still has original engine and tranny, not rebuilt.  I'd like to own a Tesla once it's feasible to drive 500+ miles at a time like a normal car.


This depends on what the alternative is. Your loan of .99% is very favorable rate. If you have the 15,000 right now but only hold it in your checking account or cash then you might as well just pay it all off(assuming you have an adequate emergency fund). Paying the debt off sooner will save you on interest. Currently if you pay the minimum you will pay a total of $15,230 by the end of the loan, a $230 premium to $15,000. - Math credit goes to  Joe If you have an investment vehicle you feel can successfully yield more then .99%, you might want to consider investing that money instead, while paying the minimum on your car loan. Also be sure to check the .99% is not an introductory rate which increases later on. It comes down to whether you can get a better return then .99% investing that money or whether you rather just pay off the debt and not worry about it. If you don't want to bother investing the money, than just pay it off... I also assumed you have no other revolving debt with a higher APR. If you do, first pay off the higher APR debt.


Don't forget job. That's one of the things people in the lower classes lost. I was trying to figure out why there weren't mass firings at trading and accounting firms until the numbers started popping up. They had basically just liquidated what they had, bought at lower numbers, and are now reaping the profits.  Too bad most people earning under $250k a year can't do that.


For people who frequently submit payments via PayPal, you may want to try and negotiate with them to use Paypal mass payments.  Although the mass payment program is designed to send small amounts to many people, you can process payment batches of 1 transaction. In the CA mass payment fees (paid by sender) are 2% capped at 1.25 CAD To CA and US.  International payments are 2% capped at 24.00 CAD.  No fees for receiver.  A business PayPal account is required to enable mass payments. When I mention this to customers, many are unaware Paypal's mass payment program exists! https://merchant.paypal.com/ca/cgi-bin/?cmd=_render-content&content_ID=merchant/mass_pay


I don't have a link handy but the data analysis at target is way more impressive than this. Apparently they can tell when you've become pregnant, AND learned that sending uncouched baby supply ads makes people freak out (so they couch them).


"You have absolutely no concept of a business plan if you think 30-50 pages is going to be read. I have to agree with the guy you called an idiot, this whole thing is a pipe dream and your idea has either been done and failed or you haven't done the research to see that it's already a thing. Your friend has no concept of what a patent is and you have no idea how businesses are run if you're ""rough estimate"" is 2-3 *million dollars*. I have a feeling you have no concept of the value of a million dollars to begin with. Scrap this bullshit idea, go start a lemonade stand or something and get an idea of what business is before you go spouting off shit like this. You sound like a stupid kid."


How is this bad?  Healthcare in the US is the pinnacle of crony capitalism? It's a government blank check given out by the government to insurance companies.  Not to defend Trump but your reaction is just as knee jerk as his when you defend a corrupt industry that is a utter failure.


The physician shortage is mostly from the AMA lobbying to limit training slots that are paid for by the government to keep the supply of doctors trained in the US low and wages higher.  Besides how often to US medical institutions just accept foreign medical degrees without demanding US education?


It's not clear the cost of funds is a annual or monthly rate. If it is a monthly rate the answers do not converge and you lose money assuming the customer spending is linear.   Let's assume you spent $100 a month (evenly spread out).  You generate $1.50 in interchange fees.   What's my cost of funds within that month? Subtract that from your interchange fee number. (I think calculus might be the best option for calculating this). There's your notional income off of $100, which can easily be solved for $260/year.


Well damn.. my ass is getting roasted. What I meant was when I'm dropping money to get a fast sports car, I want a stick shift with a loud engine. I don't want a sports car with paddle shifters and an engine that sounds like my aunts electric car.


I think a lot of people do not understand corporations. People talk about the 99% and the 1%, but expanding that out it comes down to investors. I'm an investor personally, the job of the company is to make as much money as possible to make my investment as valuable as possible. Also, as stated in the article,  this move could be sparked by the desire to not pay double tax, both American and Canadian. Regardless of what moving their tax money does long term, the company is acting with the investors's interests, pure and simple.


Can you please expand on the Obama bailout BAC incurred in addition to the TARP and how much BAC has outstanding. I thought the only other assistance BAC received was part of the Making Home Affordable program, but that isn't meant to be recovered. [Here's a site that tracks every bailout program] (http://projects.propublica.org/bailout/programs/6-making-home-affordable). Maybe this will help you with your claim.


I'm pretty sure his secretary pays a higher rate, not higher amount.   The argument they're following the law and if you don't like it change it really kills me. When you spend money lobbying for a change to the tax code how can you then claim you're just following the law?  It's ridiculous there are 7 tax brackets below &450K yet only one above it. I know families right on that line, work closer to a million and some that blow that away. They live completely different lives and should not be paying the same top tax rate on earned income.


"I think what you really want to look into is put options. You can essentially replicate the same thing, without worrying about margin calls. Check out this site http://www.fundamentalfinance.com/options/options-basic-charts.php a quick glance seems to show it to be pretty good.  The way you would limit downside risk is to buy a put option, allowing you to sell anytime within the next n months for the current price (assuming american). This will allow you to limit downside risk, however, potential profits do go down due to fees as another answer suggests this could be cost prohibitive. This type of strategy is also known as a ""protective put"". http://www.optionseducation.org/strategies_advanced_concepts/strategies/protective_put.html If you wanted to be more refined you could use Ak's bands, although you have to be looking for that specific outcome. Also due to complexity, this can become a taxing (in terms of time invested) and risky (if you are wrong) investment. Either way I think you need to study payoff curves a little more."


I believe that it's not possible for the public to know what shares are being exchanged as shorts because broker-dealers (not the exchanges) handle the shorting arrangements.  I don't think exchanges can even tell the difference between a person selling a share that belongs to her vs. a share that she's just borrowing.  (There are SEC regulations requiring some traders to declare that trades are shorts, but (a) I don't think this applies to all traders, (b) it only applies to the sells, and (c) this information isn't public.) That being said, you can view the short interest in a symbol using any of a number of tools, such as Nasdaq's here.  This is often cited as an indicator similar to what you proposed, though I don't know how helpful it would be from an intra-day perspective.


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Using inside sensitive information about corporate and using the same to deal in securities, before the exchanges are made aware of the information. Its mostly used in derivatives to get maximum returns on investmens, but Its illegal in all the exchanges


the baby boomers do realize that they are the only generation on this planet that has the idea of retirement right? nobody before them even know about retirement, and nobody after them will ever hear of retirement again. retirement is a concept made up completely by the baby boomer generation, and then feeling entitled to it


> The demand for fiat currencies comes from the fact they are necessary to pay taxes  Only because the collective population has decided that the fiat currency has value. Taxes are not handed down by some benevolent leader, it is you and I deciding that we can do better things if we pool a portion of our wealth together.  Let's say we want to build a road between our homes to improve the act of visiting each other. We decide to share the cost of building the road. I throw in 10 chicken, and you toss in 100 seashells. We work our way over to our road-building friend's place. We give him our offering in exchange for building the road.   He doesn't like seashells, but he is willing to take 20 chickens in exchange for building the road. But now we are 10 chickens short from reaching our goal of having a new road between our homes. We decide to implement a strict agreement that all future pooling of wealth needs to be done with chickens. Seashells are not acceptable.  And now we have a tax paid by a mutually agreed upon exchange medium. It works because everyone agrees that chickens have value. If everyone suddenly became vegetarian and saw chickens as having no value, our tax pool would become worthless. The fact that our tax is paid for in chickens does not mean that chickens will forever have value.


It means one has to provide documents to estabilsh the source of funds. This is to detect any money laundering. For example an salaried individual suddenly transacting for 1 Million, the bank would ask for proof of funds.    Its possible that the individual has his own funds because of inheretance or a handsome bonus received etc or a it could be he is helping route some illegal money that is not his. There are regulations that state for what kind of transaction Proof of Funds are required.


"I think that you're missing one significant point: NFC is not only used for payments. It's a general protocol (""Near-Field Communication"") that is supposed to provide easy connectivity between adjacent devices. As such, built-in encryption/security are counter-productive the same way as built-in encryption/security are counter-productive in IP: you're forcing something from a higher layer on a lower layer. Applications that use NFC but don't need this extra security will pay unnecessary penalty. Here come providers like Apple Pay, Android Pay, Samsung Pay and others. They provide applications that use NFC for specific purpose. And they provide the security needed for that purpose. Banks are welcome to introduce their own applications, but they lack the client base to make it wide enough spread for POS providers to include it. Visa/Mastercard have their own ""near-field"" solutions already that are embedded in cards themselves, and are not necessarily interested in competing with software giants like Apple or Google in their fields. Phone manufacturers also lack the wide enough client base (with the exception of Samsung, which is very popular and as the result is able to pull off its own payment system - I think they're partnered with Visa)."


First, many banks do not keep the loan. Even if they send you a payment notice and process the monthly payment, there's still a good chance the loan itself was packed up and sold to investors. Collateralizing mortgages, in and of itself, is not inherently dangerous. But the loan definitely needs a house behind it. If you found a bank that keeps its loans, it would be a tough sell. You'd be asking them to trust that you've chosen the right number to match up with the house you intend to buy. And then they'd need to have another round of processing to turn this into a loan with normal collateral (i.e. put a lien on the house and tie them together.)


It's too poorly designed. The fact that it forces deflation in the long run means that it can never really serve the purpose of money. That is, it can never be a universal medium of exchange. Then there's the fact that it has proven insecure, because it can be robbed. And it has proven to be primarily an object of speculation rather than exchange, means that the value of bitcoin relative to other moneys is too volatile.


"This is an unfortunate situation for you.  You have zero chance at your question number 1, if someone was going to bend this rule for you it would have happened already.  The answer to question number 2 is pursue solution number 3. The overriding issue is that the IRS makes these rules, not the employer/plan sponsor or the administrator.  You can't talk the plan administrator in to reimbursing you, their system likely doesn't even have a function to do so. FSA timing issues can be complex and I think that's the root of your issue because when an expense can be incurred (date of service versus date of payment) and when a claim must be filed are different things. It's really common to bend the rules on when a claim is submitted, but not when it was incurred.   It's really common for an exiting employee to have 30 days to submit expenses for reimbursement.  FSA expenses must always be incurred within the specified plan year, or within your dates of employment if you weren't employed for the entire plan year, this is specified by the IRS.  It seems like some wires were crossed when you asked this question.  You were asking ""can I still incur claims"" and they were hearing ""how long do I have to submit an expense that has already been incurred."" Some plans allow COBRA continuation on FSA which generally does not make sense.  Your contributions to the plan would use after tax dollars but for folks who know they have an eligible expense coming it can make sense to continue via COBRA in retain your eligibility under the plan so you can incur a claim after your employment termination. Regarding number 3.  This sort of reimbursement would be outside the plan, no precedent is necessary.  You've gotten them to claim it was their mistake, they're going to reimburse you for their mistake, it has nothing to do with the FSA. Good luck."


See an advisor but with a healthy level of skepticism. Question why they make the recommendations they do.  If you have debt, no the interest rate.  If CAGR > interest, invest instead of immediately paying off debt.  In reality, invest the most you can.   You're young and try to live your life like you would've without the inheritance.  The longer you let that money grow in an investment untouched (and honestly that amount of money is a huge gift/surprise at your age) the more you'll thank yourself in the end.  Max out a Roth IRA - your advisor can explain that to you.  Also, you can afford to invest super aggressively since you're so young.  You could also find a variable life insurance contract to act like a Roth and grow a death benefit to continue leaving a legacy in your family line.  Sorry for the advisory vomit.  I'm sorry for the loss that led to this inheritance, but that's a great opportunity and there are a ton of options and none of them are wrong.  Best of luck!


My preferred method of doing this is to get a bank draft from the US in Euros and then pay it into the French bank (my countries are Canada and UK, but the principle is the same). The cost of the bank draft is about $8, so very little more than the ATM method. If you use bigger amounts it can be less overall cost. The disadvantage is that a bank draft takes a week or so to write and a few days to clear. So you would have to plan ahead. I would keep enough money in the French account for one visit, and top it up with a new bank draft every visit or two.


If there's one activist you don't go to war with, it's Paul Singer. He mailed thousands of mini video players to retail investors of Arconic this spring to get them to swing the vote, putting in 4 new dissenting board members.


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Yes, if their record keeping is faulty or failed. It is best to keep all records of repayment.  Incomplete records such as signing for a loan yet no repayment receipt can be at least a headache and at most expensive. The most important document is a record of 0 balance then there is nothing that the courts will allow creditors to collect if their records are faulty.


A Credit Default Swap is a derivative, a financial contract with a value dependent upon another asset. A CDS, in essence, is exactly what it sounds like a swap upon default. The typical arrangement is that a holder of non-risk free credit enters into an arrangement with a counterparty to pay the counterparty a portion of the income received from the non-risk free credit in exchange for being able to force the counterparty to deliver risk free credit if the non-risk free credit defaults. Banks use this mechanism to reduce the risk of the loans they produce while packaging them to be resold to investors.  Banks will typically buy CDSes on mortgages and corporate bonds, paying part of the income from interest payments received, to have the right to force counterparties, typically hedge funds and insurance companies, to swap national Treasuries upon the event that the mortgages or corporates default.  The banks receive less income yet are able to take on more inventory to sell to investors so that more loans can be made to borrowers, households and corporations. Hedge funds typically take on more complex arrangements while insurance companies sell CDSes because they are usually overflowing with risk-free assets yet are starved for income.


If you're getting the same total amount of money every year, then the main issue is psychological. I mean, you may find it easier to manage your money if you get it on one schedule rather than another. It's generally better to get money sooner rather than later. If you can deposit it into an account that pays interest or invest it between now and when you need it, then you'll come out ahead. But realistically, if we're talking about getting money a few days or a week or two sooner, that's not going to make much difference. If you get a paycheck just before the end of the year versus just after the end of the year, there will be tax implications. If the paycheck is delayed until January, then you don't have to pay taxes on it this year. Of course you'll have to pay the taxes next year, so that could be another case of sooner vs later. But it can also change your total taxes, because, in the US and I think many other countries, taxes are not a flat percentage, but the more you make, the higher the tax rate. So if you can move income to a year when you have less total income, that can lower your total taxes. But really, the main issue would be how it affects your budgeting. Others have discussed this so I won't repeat.


Call me old fashioned, but that sounds less like a marriage and more like a business partnership. Maybe there are business tools that would be useful.


I've always been a proponent that being laid off or fired is the best thing that can happen to an individual. It's very painful and scary in the short term, but the long term results in a much better life and level of happiness. I've seen it in friends, read it in articles, and experienced it personally. This hurts today - but they're going to attain a new level of happiness and reward.


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"The simple answer is...get everything you can.  If you're closing the account then you want to have as complete a record as possible for yourself just for the sake of playing it safe.  There's no such thing as having ""too much information"" when it comes to your financial records. You can never tell when something will come up that requires information from years past that you thought you'd never need, and if you don't have it, then what? This is a matter of being prudent, and while it make take some effort to obtain the records, it's better to be safe than sorry. Good luck!"


There are some important thing you need to understand about bonds, and how they work:  * A bond doesn't need an active market - like a stock, for example - to have value.    * Nonetheless, there exist active markets for all of these bonds.    * The purpose of buying these bonds was not to step in due to the absence of a market.  Rather, the purpose was to deliberately bid up the price of these bonds (ahead of the market), causing their price to rise and yields (interest rates) to drop.  * The Fed can hold any and all of these bonds to maturity, while receiving contractual payments all the while, and never sell a single bond back to the market.


To answer your question 2, I can't think of any advantage of using your SSN over an EIN, but there are some advantages to having an EIN as a sole proprietor. So depending on the answer to question 1, you may want to consider either keeping your existing EIN or getting a new one, even if you are allowed to use your SSN instead.


Didn't read the article, did you?  > The decision comes as car sales continue to fall in the U.S. and as uncertainty grows over the automotive industry in Mexico with negotiations set be begin later this year on restructuring the North American Free Trade Agreement.


Unsolicited credit checks like that don't affect your credit score. Those checks only count if they result from you applying for credit somewhere. So No.


The technical answer is defined by the laws of state you live in but most (all?) states with a sales tax have some form of use tax. Where if you buy something in another state for use in your home state you are technically liable for sales tax on it regardless of whether the merchant charged you tax on it or not. I don't think many people actually pay the use taxes, and enforcement generally seems rare.


> General Sales: Virginia - 4.3%; Fairfax County - 1%; plus an additional 0.7% state tax for transportation.   At most they'd have to charge the additional 1%, and I'm pretty sure taxes don't work that way.  Either you're wrong or your restaurants are defrauding you with fake taxes. Or your local government is failing to put the actual tax rates on their websites.


They aren't complaining that it's better, and I haven't (yet) heard any comparisons of the two tools.  They're complaining that Google's product is similar.  No need to say things are better just because it's Google, I'm a Google fan myself, but deluded fanboy-ism doesn't look good on anyone.


">>Have enough funds to run the business and pay yourself the first year, plus 30%  >This is going to vary wildly depending on the particular business. So much so that a rule of thumb would be impossible to define.  Absolutely.  One of the things that varies ""widely"" is what amount constitutes the **""pay yourself the first year""** -- which will fall anywhere on a wide spectrum from the low end that is essentially below poverty level (someone young, used to living as we used\* to say ""like a college student"" -- needing only enough to cover a minimal ""survival"") to someone who has ridiculously extravagant needs (married with a family, McMansion mortgage and multiple ""new"" status vehicles, etc) that they expect to maintain -- and then the additional 30% grows in proportion *on top* of that subjective base figure.  \* I wrote ""used to say"" because we are talking about *back in the day* when ""living like a college student"" meant minimalist ""bare-bones"" needs, akin to a monastic/ascetic life: a shared small dorm/boarding house room with minimal furniture, NO partying, ZERO ""amenities"" (certainly no water parks with ""lazy rivers"", no ""food courts"", etc -- nothing like most US colleges and universities have today)."


For me, spending my spare time on my career offers better return on investment (time) than stock investing, so I don't have the time to try to craft strategies about stock confusion anyway. It just serves as further proof to me that trying to time the market on short time scales is doomed unless you can account for all the irrationality of human behavior.


"http://online.wsj.com/public/resources/documents/goldman0424.pdf ""At the heart of Goldman Sachs‘ sales and trading business is our role as a ―market maker.‖  As a  market maker, the firm stands ready, willing and able to buy and sell financial instruments at the  initiation of our clients.  Goldman Sachs‘ clients expect the firm to do so, regardless of whether  the other side of a transaction has been identified or is readily available. """


"With Hooters the difference is your business is based around the concept of having large breasted woman as your waitresses.  Title 29, Chapter 14, Section 623 of the United States Code  allows companies and other employers to make particular qualifications a condition of employment, even ones that violate other sections of the anti-discrimination law, in situations: ""...bona fide occupational qualification reasonably necessary to the normal operation of the particular business...""  In one case your buisness is saying ""we have large breasted woman selling bad food"" and the other one is just ""we sell light bulbs"""


"If I don't need this money for decades, meaning I can ride out periodical market crashes, why would I invest in bonds instead of funds that track broad stock market indexes? You wouldn't.  But you can never be 100% sure that you really won't need the money for decades.  Also, even if you don't need it for decades, you can never be 100% certain that the market will not be way down at the time, decades in the future, when you do need the money.  The amount of your portfolio you allocate to bonds (relative to stocks) can be seen as a measure of your desire to guard against that uncertainty. I don't think it's accurate to say that ""the general consensus is that your portfolio should at least be 25% in bonds"".  For a young investor with high risk tolerance, many would recommend less than that.  For instance, this page from T. Rowe Price suggests no more than 10% bonds for those in their 20s or 30s. Basically you would put money into bonds rather than stocks to reduce the volatility of your portfolio.  If you care only about maximizing return and don't care about volatility, then you don't have to invest in bonds.  But you probably actually do care about volatility, even if you don't think you do.  You might not care enough to put 25% in bonds, but you might care enough to put 10% in bonds."


"> How does Equifax lose sales after a breech? Unless their data has been corrupted or falsified, it's still good to sell or charge for each credit pull.  That might be true (it might not be - I don't know how flexible demand is between the 3 bureau's).  But it isn't true for most breaches.  >all three are above their pre-hack prices.  Sure.  But they lost a lot of money after the breaches  >I don't think the penalty should be ""death"" but considering their total assets is $10B, I don't think any fair penalty would allow the organization to survive. If they were Apple with $820B market cap, then yeah, the $70B would be a harsh and fair, but survivable penalty.  To make it ""fair"" (if there is such a thing) you'd want it to be proportional.  So if it'd be 70B for Apple, it'd be about $850MM for Equifax.  That's how you'd want it done if you want it done by operation of law (as opposed to markets and courts)."


Part of this is the flipper economy that grew out of the last housing downturn. People try to buy a house they can afford that needs some work, but flippers come swooping in, buy it in cash, do some slipshod renovations, and suddenly the house becomes out of reach for a lot of people. Builders are just as bad. Instead of making sensibly sized affordable houses, they all build 20 room McMansions.  Upper-middle class people are buying a lot of these houses, and are putting themselves in deep financial straits doing so. They are mortgaged up to the eyeballs where all it takes is a medical issue, a  job loss, or some other hiccup in their finances to cause it all to come tumbling down.  If you have money (not just a good paycheck, actual free cash on hand) all of the above works for you. But even if you have a good paycheck, if you do not have significant cash reserves you really don't have any hope of competing in this market.


When it comes down to it, long-term investments pay better than short-term ones.  If nothing else, there's less administration and less financial risk for the provider.  That's why 2, 3 or 5 year savings accounts pay better than instant access ones. Higher-risk investments pay more interest (or dividends) than low-risk ones.  They have to, or nobody would invest in them. So by locking yourself out of any long term and/or risky investments, you're stuck with a choice of low-interest short term ones. There are plenty of investment funds that you can sell at short notice if you want to.  But they are volatile, and if you cash out at the wrong time, you can get back less than you invested.  The way you lower risk is either to invest in a fund that covers a broad range of investments, or invest in several different funds.


Well, reserve requirements concern, as the name suggests, the reserves, e.g. a position on the balance sheet. The price of equity only marginally impacts the balance sheet (via positions in their own stock), not nearly strong enough to be significant. The French banks mainly had trouble with liquidity (this year we witnessed another collapse of the interbank lending market just as in 2007. watch the Libor-O/N-spread.) and solvency through deterioration of the asset side of the balance sheet.   Naturally your ability to raise additional equity is influenced by the historic return of your stock, but sharp price drops in fact can help you to raise equity, simply because your ratios improved (P/E, P/B, in fact any ratio that includes the price part) and the stock became cheaper. See UBS/Singapore GIC and GS/Warren Buffet


"The best answer here is ""maybe, but probably not"". A few quick reasons: Its not a bad idea to watch other investors especially those who can move markets but do your own research on an investment first. Your sole reason for investing should not be ""Warren did it""."


"I worked for a company a few years back that insisted all of us were ""non-supervised exempt technical workers,"" and they wanted 45 hours out of each person.  No matter to them that that was a 12.5% cut in hourly pay.  Unfortunately, they did no research and didn't bother to actually apply for any exemptions.  One of the analysts got sick of it, found another job, then turned over his timecards to the labor department.  Said company had to write him a check for $10k, as well as write smaller checks for every other person working there."


"Strangely enough, you have a wash sale, but, for the fact that you sold the shares and then more than 30 days passed, you can take the loss.  I mistakenly used the phrase ""and ended the year with no shared of the stock"" elsewhere, and was corrected, as one can sell at a loss up to 12/31, and have until the end of January to create a wash condition.  In your case, the facts in June combined with you ending the year with no shares removes any doubt, a wash sale, but one that's fully closed out.  Note - while Vicky's answer is correct, it should go on to say that once the stock is not owned for 30 days, the wash sale loss is permitted."


"Their ""worth"" is whatever someone is willing to pay to have them.  The mint presumably thinks that some people (collectors) are willing to pay at least 55$ CAD for them. Their value as currency is only 3$ CAD. Their value as precious metal/crystal is irrelevant, as its illegal to melt (without explicit permission) coins that are legal tended in Canada."


Hedge what risk?  What is your risk exposure?  I don't seem to understand what is your risk factor (is it a basket of metals), if its a non market product you can do the following:  1. Calculate correlation matrix between your basket and potential candidates (mining, etf's etc)  2. Sell the strongest correlation, however be careful as you are not only selling the rare earth prices but also the extraction margin and market risk.  3. Ideally you would find a futures contract or create some way to isolate the rare earths while cancelling out the margins (will be tough!).


Het beste kunt u oven gedroogd haardhout gebruiken voor uw kachel. Ovengedroogd brandhout heeft namelijk standaard een erg laag vochtigheidspercentage, waardoor het gegarandeerd goed en lang brand. Daarnaast geeft het dus minder vuil en rook af,waardoor uw schoorsteen langer mee gaat. Wat verder ook wel zo fijn is, is dat eventueel ongedierte en schimmels in het hout het drogen in de oven uiteraard niet overleefd. Dit is natuurlijk vooral van belang bij houtetende insecten.


"CALL prevents a cold call email, to be sure.  But if I'm looking for that email just to get the contact associated with it, so that I have someone to solicit by name when I actually call, then that's perfectly fine. Get an email any of these ways (I used 2 for a good three years at my last job) send a personalized email (which will always be completely legal, email is just like regular mail) at off hours or weekends so you get the automated response saying ""John Davis will be out of the office til Monday,  to speak with another representative of Hanson Co's marketing department please contact Sam Smith""  and your golden.  Source: worked for a charity for three years"


most of the people who lurk in money.se will probably tell you to spend as little as possible on a car, but that is a really personal decision. since you live with your parents, you can probably afford to waste a lot of money on a car. on the other hand, you already have a large income so you don't really have the normal graduate excuses for deferring student loans and retirement savings. for the sake of other people in a less comfortable position, here is a more general algorithm for making the decision:


Please expanded on your reasoning and which side you are defending (pro-DACA or anti-DACA). Allowing it to remain is a slight to legal immigrants and should have gone through Congress in the first place. That being said, to remove those here presently is far to costly of an idea to entertain, both monetarily and politically. Therefore a middle road is the route that must be taken... and that requires active, and most importantly constructive, discussion. My first comment is purposely broad for this reason. Please detail a better solution that works for all parties.


Adding to the excellent answers already given, we typically advise members to contribute as much as needed to get a full employer match in their 401K, but not more.  We then redirect any additional savings to a traditional IRA or ROTH IRA (depending on their age, income, and future plans).  Only once they've exhausted the $5000 maximum in their IRA will we look at putting more money into the 401K. The ROTH IRA is a beautiful and powerful vehicle for savings.  The only reason to consider taking money out of the ROTH is in a case of serious catastrophe.


Are you obligated to do what they ask? Probably not, with one big caveat discussed below. Your employer sent your money and their money after every paycheck to the 401K management company. Then after a while the 401K management company followed your instructions to roll it over into an IRA. Now the IRA management company has it. Pulling it out of the IRA would be very hard, and the IRA company would be required to report it to the IRS as a withdraw. Here is the caveat. If the extra funds you put in allowed you to exceed the annual contribution amount set by the law, or if it allowed you to put more than 100% of your income into the fund, then this would be an excess contribution, and you and your employer would have to resolve or face the excess contribution penalties. Though if the 401K company and HR allowed you to exceed the annual limit they have a much more complex problem with their payroll system. The bigger concern is why they want you to pull out your $27.50 and their $27.50. Unless you were hitting the maximum limit, your $27.50 could have been invested by adjusting the percentage taken out of each check.  You could have picked a percentage to reach a goal. That money is yours because you contributed it and unless you exceed the IRS set limits it is still pre-tax retirement money. The return of matching funds may be harder to calculate. The returns for 2013 were very good. Each $1.06 of matching funds each paycheck purchased a fraction of some investment. That investment went up and down, ok mostly up, if it was invested in the broad market. I guess you should be glad they aren't asking for more due to the increase in value.  It would be very hard to calculate what happened if you have moved it around since then. Which of course you did when you moved it into an IRA. If the average employee was also given a $55 gift last year, then the suggestion to the employer is that the tax complexity you and your fellow employees face would exceed the cost of the extra funds. They should chalk it up to an expensive lesson and move on.


To expand on the comment made by @NateEldredge, you're looking to take a short position.  A short position essentially functions as follows:  Here's the rub: you have unlimited loss potential.  Maybe you borrow a share and sell it at $10.  Maybe in a month you still haven't closed the position and now the share is trading at $1,000.  The share lender comes calling for their share and you have to close the position at $1,000 for a loss of $990.  Now what if it was $1,000,000 per share, etc. To avoid this unlimited loss risk, you can instead buy a put option contract.  In this situation you buy a contract that will expire at some point in the future for the right to sell a share of stock for $x.  You get to put that share on to someone else. If the underlying stock price were to instead rise above the put's exercise price, the put will expire worthless — but your loss is limited to the premium paid to acquire the put option contract. There are all sorts of advanced options trades sometimes including taking a short or long position in a security.  It's generally not advisable to undertake these sorts of trades until you're very comfortable with the mechanics of the contracts.  It's definitely not advisable to take an unhedged short position, either by borrowing someone else's share(s) to sell or selling an option (when you sell the option you take the risk), because of the unlimited loss potential described above.


Another way to do this is go to work for that company.  Companies in this situation normally offer low pay, long hours, and stock options.  Given a sufficient grant, it could be all very lucrative or worthless.   Even if you have no electronics background you might be able to work in a different capacity.  There were secretaries at various companies that became wealthy off of their stock options.


You might need to check yes... but I would check out New York's nonresident income tax requirements... My guess is yes if you meet the requirements, but I am not an expert nor do I work in the accounting or legal field. Check out New York's nonresident tax page explaination


I think we are mixing this up. If you invest using loan, and are paying the loan out of your pocket and leaving the loan in investment, then there is no way you are making more money. Had you directly invested the same money in market instead of EMI, you would end up gaining more. Take a Loan of 100000, Year Int say 5.00%. Total Interest Paid in 2 Yrs comes out to 5291   The Rate of Interest your investments need to make is 2.58%. Sounds to good to be true. But yes when you look at it other way round, this is right.  Now if you can indeed make 2.58% from your investments, check what happens if you were to invest the EMI directly and don't take the loan.  You make 7937


The thing is, capitalism doesn't care about national interests.  It just cares about making money.  This is why you can't run government like you run a business.  In business, outsourcing, firing people and making those who stay do more work, etc is all good business.


Fully paid up Shares issued in which no more money is required to be paid to the company by shareholders on the value of the shares. When a company issues shares upon incorporation or through an issuance, either initial or secondary, shareholders are required to pay a set amount for those shares. Once the company has received the full amount from shareholders, the shares become fully paid shares.  authorised share capital The number of stock units that a publicly traded company can issue as stated in its articles of incorporation, or as agreed upon by shareholder vote. Authorized share capital is often not fully used by management in order to leave room for future issuance of additional stock in case the company needs to raise capital quickly. Another reason to keep shares in the company treasury is to retain a controlling interest in the company. If so, why not just give the existing shareholders the $500 million, (and do a stock split if desired)? Stock splits, bonus issues doesn't generate any capital for the firm, which it required.


The cat mat Superstore is glad to give the absolute best online cat mat in an enormous cluster of colors and styles in both standard and hefty size cat mat. The cat mat Superstore has been a main online retailer in giving one of the most perfectly awesome choice of hefty size online cat mat in a magnificent choice of styles and hues. our gathering of hefty size cat mat is one of the absolute best and we ensure low valued cat mat with the absolute best in benefit.


Mods of /r/finance how many times are we going to see this advertisement? /u/sciencegames [won't even explain the program](https://www.reddit.com/r/finance/comments/6rhha4/upenn_research_finance_challenge_earn_up_to_20/dl7mn55/). This is just an ad for some grad student's project. This is the third time i've seen this thread reposted in two months. What's it going to be, 2 more times? 5 more times? Do you have some limit in mind?


Credit card companies organize types of businesses into different categories. (They charge different types of businesses different fees.) When a business first sets up their credit card processing merchant account, they need to specify the category.  Here is a list of categories that Visa uses. Grocery stores and supermarkets are category number 5411. Other types of businesses, such as the examples you provided in your question, have a different category number. American Express simply looks at the merchant category code for each of your transactions and only gives you rewards for the ones in the grocery store category. It's all automated. They likely don't have a list of every grocery store in the US, and even if they did, they would probably not provide it to the public, for proprietary reasons. If you are in doubt about whether or not a particular store is in the grocery category, you'll just have to charge it to your card and see what happens. Often, the category of transaction will be shown for each transaction on your credit card's website.


Thank you for letting me know because I didn't realize that it's been covered in this sub before.  Not everyone is a seasoned veteran of the sub so I had no idea.  I'm not sure what's wrong with posting a non-paywall link for those who don't have access to WSJ. I wasn't trying to shit on anyone or make some kind of statement or anything.  I was just offering up what I found because I think WSJ is a total ripoff and I refuse to pay for their site.  No big deal.  Anyway, sorry my post from 8 days ago annoyed you.


For a variable annuity, you need to know the underlying investments and how your returns are credited to your account. For a fixed annuity, the issuer is responsible for the commitment to provide the promised rate to you. In a sense, how they invest isn't really your concern. You should be concerned about the overall health of the company, but in general, insurance companies tend to know their business when they stick to their strengths: writing insurance on groups and producing annuity contracts.  I don't care for VAs or the fixed annuities you asked about, but I don't believe they resemble a ponzi scheme, either.


I worked for US Treasury in Computer Security. There are plenty of systems that try and spot fraudulent behavior, but it doesn't matter much.   So many of the regulations either have no teeth, or are designed to have legal loopholes to let them get away with it without breaking any laws, technically. They have vastly more resources than we did, and experts that knew how to weasel JUUUST enough to not be breaking the law, and still achieve their intended consequences. And most Senators get money from these guys to render the Treasury toothless.  And, we aren't aloud to talk about it, at all, unless they are found guilty. You can have Millions devoted to hiring people that make sure you get away with it legally, and it's still a drop in the bucket for them.


>I'm going to disagree with vodkaspeed on getting a BB suit tho.   Doesn't BB also sell like 300 dollar suits?   First time I've heard of AE (allen edmonds based on your last response?) but there's a location near here so i'll check it out. Does any kind of black shoe work?


"There are obviously lots of complexities here, and there are rules against price or market manipulation that are somewhat interpretive due to the rules' inclusion of the manipulator's intent, but: Generally speaking, you can publicly promote the value of a company whose stock you own provided that you: Now, if you extol the value of a company publicly, and sell it immediately thereafter, ""pump and dump,"" the regulators might suggest that your actions imply that you didn't believe it was so wonderful, and were misleading the public to move the price.     That said, a fair retort might be that you loved it for all the reasons you said at [lower price], but thought it had run its course once it got to [higher price].   Again, if it can be demonstrated that your reason for praising it was to push the price higher, your intent may land you in hot water. This isn't legal advice or a full analysis, but if Fitty essentially declared his honest reasons for loving a stock in which he is invested, and discloses that investment, letting others know he is biased, he's probably ok, especially if he intends to hold it long term."


Insurance in India is offered by Private companies as well [ICICI, Maxbupa, SBI, Max and tons of other companies].   These are priavte companies, as Insurance sectors one has to look for long term stability, not everyone can just open an Insurance company, there are certain capital requirements. Initially the shareholding pattern was that Indian company should have a majority shareholding, any foreign company can have only 26% share's. This limit has now been extended to 49%, so while the control of the private insurance company will still be with Indian's the foreign companies can invest upto 49%. It's a economic policy decission and the outcome whether positive or negative will be known after 10 years of implemenation :) Pro's: - Brings more funds into the Insurance segment, there by bringing strength to the company - Better global practise on risk & data modelling may reduce premium for most - Innovation in product offering - More Foreign Exchange for country that is badly needed.   Con's: - The Global companies may hike premium to make more profits. - They may come up with complex products that common man will not understand and will lead to loss - They may take back money anytime as they are here for profit and not for cause.   Pension today is offered only by Government Companies. There is a move to allow private companies to offer pension. Today life insurance companies can launch Pension schemes, however on maturity the annuity amount needs to be invested into LIC to get an annuity [monthly pension].


I'd not do business under these terms. A bill of sale needs a signature, right? Your signature is your word, and your word is your bond. I wouldn't participate in such a fraud, nor would I accept this sum of cash, who knows its origins?


"The IRS gets notified when you: (Note this is not a comprehensive list) As littadv mentioned, banks are required to send a CTR for any transactions over $10,000. They also are obligated to file a SAR (Suspicious Activity Report) for transactions deemed ""suspicious"" by bank policy. These filings are primarily for law enforcement purposes. The IRS may or may not have access to this information. The IRS isn't all-seeing or all-knowing. But -- In the event of an audit, checks do provide a paper trail documenting the origins of your deposits. So if you fail to report income from an ""off the books"" job, or do not fully report self-employment income, deposit records could be used against you. You are particularly vulnerable to this if you are in a profession where ""off the books"" transactions are routine -- plumbers, auto repair, vending machines, etc. At the end of the day, give Caesar his due, and you'll have alot less to worry about."


The best strategy? Skip the loan. Find a way to invest for a low starting amount via a retirement account (such as a 401K or IRA in the United States) or non-retirement account. Use this money to buy individual stocks or funds. Every month put money from your regular income into this investment account. Then buy more stocks or sell if the conditions change based on what the market is doing, not to meet a loan payment. This helps you because if the price fluctuates you will buy more shares if the price is down; and you will buy fewer shares when the price is up. It also allows you to skip worrying about how to repay the loan. It also means that you not have to pull more money out of savings to make the final loan payments if it doesn't make as much money as you plan. Regarding your math. This is a better understanding of the money flow than the earlier question.


>if the underlying economy hasn't been sufficiently capitalized, that will present juicy returns to investors.  That is not true in an era of excessive regulation at the Federal, State and local levels. Its also not true when the machinations of government have kept interest rates artificially low for thirty years, thereby causing a massive increase in household debt. Now we have a recession caused by the explosion of some of that debt. People are wary of going into more debt and they do not have the income to spend right now. In that circumstance, capital investment in productive ventures is riskier than normal. Recovery of investment is less certain and will certainly take longer.   Add to that the increasing debt of the US government. The debt can only grow so much before there is a shift in the economy and capital markets due to high inflation, capital controls or other direct government intervention in the economy. Since there is exactly ZERO possibility of addressing the US debt with the current batch of criminals in the Capitol and the White House, investors are very nervous. They need to be able to earn considerable profits to outweigh what they see as great risks.   If, on top of all that uncertainty you tell investors that if they manage to hit a home run and become profitable, that the government is going to take a bigger bite out of their profits..... well, many of them are going to say, Why bother? I can live on my savings.


Yes!  One of his best and definitely his most prescient work.  What Vonnegut describes is happening right now -- look at Facebook, roughly a ~100 billion dollar company with and about ~3500 employees.  This is definitely the trend, generating a lot of value with few employees.    What do we do about those left behind?  I'm not sure, and Vonnegut definitely didn't give us the answer.  I keep hoping that there's a few savvy entrprenuers out there who are going to figure out how to add new value by finding ways to gainfully employ the chronically unemployed.


We corporate with customer and  provide them full security. The West Palm Beach Escape Rooms are very plenty places of accommodations to choose from whether it's for business or pleasure. The  West Palm Beach Escape Rooms are known for its afternoon showers and tropical monsoon climate, we have special things to do west palm beach. It is energizing  diversions to thoughts boggling puzzle labyrinths or forager chases. It is the  best way to spend the weekend together, our  escape room team provides full security.


> ...isn't this kinda good for development of new drugs?  Yes, since they make it harder to get competing products on the market, patents and FDA approval incentivize the creation of new drugs as they discourage competition.  That said, I think the idea that we need to incentivize drug R&D is myth used as justification by the industry for high drug prices. Invention is a wave of small evolutionary improvements meaning that [discovery is rarely from epiphany but the next logical step after all the prerequisite technologies are in place](https://en.wikipedia.org/wiki/Multiple_discovery). A company's supercharged R&D mainly gets them to the patent office a couple of months or years before their competition but it doesn't find drugs that were never going to be found otherwise.  For example, [dozens of groups were working on flight when the Wright Brothers succeeded](http://www.airspacemag.com/history-of-flight/who-flew-first-290750/) and if Orville and Wilber had failed, someone else would have succeeded shortly thereafter.


As well as paying 8% interest on your loan (i.e. $800/year), you're also wasting money on the car: depreciation, insurance etc. So it's worth a lot to you to get out of it. Set against that is the risk of having to borrow the $3000 you'll be taking from your emergency fund at a higher interest rate (say 30%?) for at most 6 months, which would only cost you $300-$400 even if it happens. You'll also be giving up a small amount of interest on the $3000, but at current interest rates that pretty much negligible. There is a small chance that an emergency would also cause the available credit on your credit cards to disappear, but in the short term that should be pretty unlikely. So I think the balance is overwhelmingly in favour of getting out of the loan as soon as you can.


Read your post again and look at your own reflection.  So much hatred, disdain, disgust for your fellow humans, who are just trying to get by and support their families.  Do you really believe that people have no intrinsic value save for their ability to unquestioningly labor for the profits of others?  You've built a wall between yourself and the rest of us, I hope for your sake and our sake that you find the courage to tear it down.


I think you're missing the fact that the trader bought the $40 call but wrote the $45 call -- i.e. someone else bought the $45 call from him.  That's why you have to subtract 600-100.  At expiration, the following happens: So $600 + -$100 = $500 total profit. Note: In reality he would probably use the shares he gets from the first call to satisfy the shares he owes on the second call, so the math is even simpler:


"The only problem with taxing ""unproductive land"" is that it causes people to try to make land which shouldn't be productive into something productive.  Wilderness areas not owned by the gov't get wiped out, water is wasted trying to make crops grow in poor soil, land gets overgrazed by cattle, etc.  So not all solutions are that simple."


"This is the best tl;dr I could make, [original](http://www.scmp.com/tech/enterprises/article/2113581/chinas-chance-lead-global-innovation-may-lie-5g-mobile-technology) reduced by 86%. (I'm a bot) ***** > China is on the cusp of recasting itself as a leading technology innovator from a mere follower in the telecommunications industry, as efforts to develop a global 5G mobile standard near the final stage.  > &quot;While China has the world&#039;s largest mobile market by subscriber and network size, other countries have dominated mobile technology innovation,&quot; said Jefferies equity analyst Edison Lee.  > The international authorities overseeing the creation of a unified standard for 5G mobile technologies are expected to release its initial phase next year and the final phase in 2019, paving the way for a broad roll-out of 5G services by mobile network operators from 2020.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/73qa1f/5g_may_be_chinas_chance_to_lead_global_tech/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~220391 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **China**^#1 **technology**^#2 **mobile**^#3 **standard**^#4 **network**^#5"


"No. I glanced through the article you linked to.  It's quite lengthy, but not compelling. I'd not lose any sleep over this.  Others with far better credentials are making the opposite claim, that life is good and the Dow on its way to 20,000.   Back to this guy - StansberryResearch.com Reviews – Legit or Scam? offers a look at this company. Stansberry calls his company ""one of the largest and most recognized investment research companies in the world"" but references to his firm call it a clearinghouse for other authors newsletters.  Why would you give any more credence to his ranting than any other extreme prognostications?  I suppose if I told you I never heard of him it would be pretty meaningless. I certainly haven't heard of every financial writer. But if he's one of the most recognized, you'd think I might have. Note, I've edited since seeing I was downvoted. But to the question author, you might want to summarize your questions in the future instead of linking to a video or  13,000 word rant. (when you click to shut the video, the text is available.)"


There are certain situations where you could legally pay yourself rent, but it'd be in the context of multiple business entities interacting, never in the context of an individual renting their own property.  Even if you could, any rent paid to yourself would count as rental income, so there'd be no benefit. Edit: I was hunting for examples where it might be acceptable, and didn't, but I found a good explanation as to why it is not acceptable from Brandon Hall on a BiggerPockets post: To get technical, you will be going up against the Economic Substance   Doctrine which states that a transaction has economic substance if:   (1) the transaction changes in a meaningful way (apart from Federal   income tax effects) the taxpayer’s economic position; and (2) the   taxpayer has a substantial purpose (apart from Federal income tax   effects) for entering into such transaction. By transferring your primary residence into a LLC, you would not be   changing your economic position. Further, you do not have a   substantial purpose for entering into such transaction other than to   simply avoid paying federal income taxes. So it might make sense if multiple people owned the LLC that owned the property you wanted to rent, and there are instances where company X owns holding company Y that owns an office building that company X rents space in. But if you're the sole player in the LLC's then it sounds like a no-go.


I use MoneyStrands (formerly called Expensr), but mostly just to track expenses and look at reports on my spending habits. It has some really pretty charts, with the ability to drill down into categories and sub-categories, or graph monthly spending for any custom date range. It does a half-decent job of auto-categorizing the imported bank transactions, and you can set up additional rules for common vendors, but I still have to do some manual work after each import. It does a good job of integrating my credit cards, bank accounts, and I can even manually add cash transactions. It has some basic budgeting capabilities, but they're not very useful for someone who needs to carefully budget thier monthly spending. Another one I've heard about is mint.com, but it only supports American banks (last I heard, anyway).


"Can someone comment on the quality of zerohedge.com?   When i saw that the front page articles were created by a user ""Tyler durden"" with the fight club avatar, and one of the articles being ""top 10 things that America predicted"" it really makes me question the legitimacy of the website as a serious source. Hope someone can share thier opinion!"


So what exactly is the difference between an ITT mill and a shitty public school? Because I am not really seeing one. How does one prove that a school is a mill? And why are only private colleges considered? I know of several public schools that may as well be called diploma mills.


that's part of it, but the cost of shipping, logistics, handling, and maintaining QC while shipping large parts ocean freight also makes the cost not add up (along with the tariffs, but it is a very small portion of the cost).   source:  work in exactly this field of oem auto parts supplier w/ plants overseas as well as in US for ~14 years.


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>No.  And for those of us that have lost someone close to them (or several people) to cancer this sort of sensationalism is a great way to knock a source down even further in our eyes.  Not that the daily beast was what I considered a reputable source before.


So apparently there is a second chart beneath the one I looked at last night with different numbers. In the first one, the top school scored about a 550 and the US about 500 on subjects across the board. I just did a percent change based on that to get 10%.   But there is another great statistic I’d love to look up, where when you control the US for the geographic location, many parts of our country actually deliver among the best in the world (something like number 4).


Quick Dry Cleaning Software is a laundry tracking software that provides you with highly customizable and detailed barcode tags which enable garment tracking and make identification of garments and process easier for your employees. The garment tracking process starts right from the moment the customer drops garments at your store and goes on till the moment the order is processed and delivered back to the customer. The software’s simple yet elaborate mechanism helps keep a record of the clothes at every step of the process.


"At 50 years old, and a dozen years or so from retirement, I am close to 100% in equities in my retirement accounts.  Most financial planners would say this is way too risky, which sort of addresses your question.  I seek high return rather than protection of principal.  If I was you at 22, I would mainly look at high returns rather than protection of principal. The short answer is, that even if your investments drop by half, you have plenty of time to recover.  But onto the long answer. You sort of have to imagine yourself close to retirement age, and what that would look like.  If you are contributing at 22, I would say that it is likely that you end up with 3 million (in today's dollars).  Will you have low or high monthly  expenses?  Will you have other sources of income such as rental properties?   Let's say you rental income that comes close to covering your monthly expenses, but is short about 12K per year.  You have a couple of options: So in the end let's say you are ready to retire with about 60K in cash above your emergency fund.  You have the ability to live off that cash for 5 years.  You can replenish that fund from equity investments at opportune times.  Its also likely you equity investments will grow a lot more than your expenses and any emergencies.  There really is no need to have a significant amount out of equities.  In the case cited, real estate serves as your cash investment. Now one can fret and say ""how will I know I have all of that when I am ready to retire""?  The answer is simple: structure your life now so it looks that way in the future.  You are off to a good start.  Right now your job is to build your investments in your 401K (which you are doing) and get good at budgeting.  The rest will follow.  After that your next step is to buy your first home. Good work on looking to plan for your future."


1) Your IRA contribution amount is based on your yearly income, and if you exceed the cutoff (http://www.irs.gov/retirement/participant/article/0,,id=202518,00.html) for the year, then you are not eligible to contribute at any point during the year. 2) No - the AGI limits just apply to new contributions. You can still have an IRA, you just can't add to it. If your income drops, then you will be eligible again. 3) If you have high-deductible insurance, then I think that an HSA is the best place for your money. It works like an IRA, as you can withdraw money when you retire, but you can also use the money now for health expenses. There aren't really many other options. Tax benefits aren't generally offered to people making as much as you will be.


I think that he means that gold is debt the same way that money is debt, because gold for the longest time literally was money.  Yes it is also a commodity, but it and silver were the only commodity universally accepted in exchange for promissory notes. There was no apple reserve, shoe reserve or deer reserve as in OP's explanation, that the town priest held on to in which to make those notes credible for tender around town.  So basically everyone decided that instead of trading a bushel for apples for some deer meat, they decided they would trade the apples for gold, then they would trade that gold for the deer meat. They used the gold because they knew it was a real, tangible thing that was safely tucked away. No bad deer season or bad harvest would affect the actual gold itself, which is why it was used as the middleman in the transaction.


Instead of a price chart can use a performance chart, which is usually expressed as a percentage increase from the original purchase price.  To factor in the dividends, you can either add in all of your dividends to the final price, or subtract the accumulated dividends from your cost basis (the initial price).


"First and foremost, being ""cool"" stops being a thing you have to worry about once you graduate from secondary school. Nobody's really going to care what car you drive; the ones that do care aren't worth maintaining personal friendships or relationships with. The notable exception would be a sales job, requiring you to look successful to be successful, and in that case you'll need to either have a nice-looking car or buy one very quickly. Also, consider what you're buying. An E46 (which for the U.S. crowd was the previous generation of 3-series coupes and sedans) will be, at best, a 6-year-old car, and they made these as long ago as '98 which would make it 15 years old. The standard in the U.S. is to put about 10k miles (which would be about 17k km) per year on it, so you would expect even the newest E46s to have at least 100 000 km on them. At this point, even the best cars start needing increasing amounts of maintenance, and on a BMW that maintenance doesn't come cheap.  Consider why a BMW would be sold. It sounds cliche, but in the U.S. at least there are three ""tiers"" of used car in the luxury class; there are the one- and two-year-olds, used by the dealer as a loaner or owned by the type of guy who buys a new car every year; they're practically new, for 30-50% off sticker, and a great deal when you find them. There are the 15-year-old (or older) cars which were used up and traded in; the majority of these end up auctioned off and cannibalized for parts with the remaining hulk sold for salvage. Then there are the in-betweens; between three and ten years old, you get a wide variety. This car could have been garaged all its life and driven to and from work and around town before its owner got a raise and decided to splurge, or its previous owner could have driven the wheels off all over the continent for work or travel. It could have a major problem that developed or was discovered after the warranty expired (and there isn't an E46 on the road that's still under warranty) which caused the owner to sell. Overall, I would wait until you have your first real job to spend real money on a car like this; the one that will actually pay the bills with enough left over for fun. When you're making 35k a year with only your own personal expenses, as long as you manage your debt well and don't get in trouble with credit, you should have no trouble buying a car like this (or even a newer one). If you are going to buy used even then, I recommend you do your homework on required maintenance for the brand and in general, what each milestone will cost you, and (based on mileage) how soon, and I would find a reputable used car dealer (which is stereotypically a contradiction in terms, but there are guys out there who aren't out to completely screw you over)."


">I was rooting for the cancer. If you can't figure out by 30 that basic decency not only is intrinsically good, but is also in your own self interest you don't deserve the basic respect of others.  Your post is so hilariously ironic. Are you under 30? Because you obviously must have not figured out that basic decency is intrinsically good, or else you wouldn't be 'rooting for the cancer.' So much for being a non-shitty human.  >Shitty humans do more damage to the planet on a day to day basis than any ""genius"" does good.  Where does this claim even come from?  >This stupid prick took an existing technology, dumbed it down to attract the stupid, and prettied it up to attract the narcissistic.  Jobs was an asshole, but he was also an amazing individual in a lot of other respectable ways. I used to dislike him because he came off extremely arrogant in interviews, but after watching several documentaries, I came to respect him a lot.  It's so easy to sit back in your arm chair and call him a stupid prick who ""only"" took existing technology and prettied it up to attract the narcissist idiots, but at the end of the day, Apple would not be what it is today without Jobs' relentless drive for success. Whatever he did, he was very good at it. To write him off as if he just got lucky by putting 2+2 together is just idiotic."


"In general, moving averages never seemed that much better for drawing trends, just removing volatility. However, in this case, they do seem more relevant because the moving averages seem to at least remove the noise of many of the other ""revisions.""  Comparing the intial numbers to the previous weeks' revised figures is hardly an apples-to-apples comparison, because there is more data available on the previous weeks' figures."


"First of all, this does not sound like a debit situation. Every debit has to be authorized by the entry of a pin code. So, the hotel could not have arbitrarily created a new debit charge. Usually, hotel charges are credit charges. Once they have your credit card number, they can charge anything they want to the credit card. If it is an accidental double charge, you can call the hotel and ask them to refund $100 or whatever the mistake was plus your overdraft fee. In all probability they will refund any double charge, but not agree to refund the fee. You can also contest the charge and do a ""chargeback"" of the amount which was double charged. You will probably not be able to collect the overdraft fee that you got from the hotel unless you sue them in small claims court, or you luck out and the hotel agrees to refund the fee as well."


The problem as I see it is that multinationals are able to gain an unfair advantage over local, regional and national businesses simply by setting up subsidiaries in foreign tax havens.  This is obviously the fault of the government and not the multinationals themselves, but I really don't think it's right that a Starbucks can use loopholes, that only multinationals have access to, in order to avoid paying taxes, while the small business down the street has to pay taxes on all taxable income.


"Depositum irregulare is a Latin phrase that simply means ""irregular deposit."" It's a concept from ancient Roman contract law that has a very narrow scope and doesn't actually apply to your example. There are two distinct parts to this concept, one dealing with the notion of a deposit and the other with the notion of irregularity. I'll address them both in turn since they're both relevant to the tax issue. I also think that this is an example of the XY problem, since your proposed solution (""give my money to a friend for safekeeping"") isn't the right solution to your actual problem (""how can I keep my money safe""). The currency issue is a complication, but it doesn't change the fact that what you're proposing probably isn't a good solution. The key word in my definition of depositum irregulare is ""contract"". You don't mention a legally binding contract between you and your friend; an oral contract doesn't qualify because in the event of a breach, it's difficult to enforce the agreement. Legally, there isn't any proof of an oral agreement, and emotionally, taking your friend to court might cost you your friendship. I'm not a lawyer, but I would guess that the absence of a contract implies that even though in the eyes of you and your friend, you're giving him the money for ""safekeeping,"" in the eyes of the law, you're simply giving it to him. In the US, you would owe gift taxes on these funds if they're higher than a certain amount. In other words, this isn't really a deposit. It's not like a security deposit, in which the money may be held as collateral in exchange for a service, e.g. not trashing your apartment, or a financial deposit, where the money is held in a regulated financial institution like a bank. This isn't a solution to the problem of keeping your money safe because the lack of a contract means you incur additional risk in the form of legal risk that isn't present in the context of actual deposits. Also, if you don't have an account in the right currency, but your friend does, how are you planning for him to store the money anyway? If you convert your money into his currency, you take on exchange rate risk (unless you hedge, which is another complication). If you don't convert it and simply leave it in his safe, house, car boot, etc. you're still taking on risk because the funds aren't insured in the event of loss.  Furthermore, the money isn't necessarily ""safe"" with your friend even if you ignore all the risks above. Without a written contract, you have little recourse if a) your friend decides to spend the money and not return it, b) your friend runs into financial trouble and creditors make claim to his assets, or c) you get into financial trouble and creditors make claims to your assets. The idea of giving money to another individual for safekeeping during bankruptcy has been tested in US courts and ruled invalid. If you do decide to go ahead with a contract and you do want your money back from your friend eventually, you're in essence loaning him money, and this is a different situation with its own complications. Look at this question and this question before loaning money to a friend. Although this does apply to your situation, it's mostly irrelevant because the ""irregular"" part of the concept of ""irregular deposit"" is a standard feature of currencies and other legal tender. It's part of the fungibility of modern currencies and doesn't have anything to do with taxes if you're only giving your friend physical currency. If you're giving him property, other assets, etc. for ""safekeeping"" it's a different issue entirely, but it's still probably going to be considered a gift or a loan. You're basically correct about what depositum irregulare means, but I think you're overestimating its reach in modern law. In Roman times, it simply refers to a contract in which two parties made an agreement for the depositor to deposit money or goods with the depositee and ""withdraw"" equivalent money or goods sometime in the future. Although this is a feature of the modern deposit banking system, it's one small part alongside contract law, deposit insurance, etc. These other parts add complexity, but they also add security and risk mitigation. Your arrangement with your friend is much simpler, but also much riskier.  And yes, there probably are taxes on what you're proposing because you're basically giving or loaning the money to your friend. Even if you say it's not a loan or a gift, the law may still see it that way. The absence of a contract makes this especially important, because you don't have anything speaking in your favor in the event of a legal dispute besides ""what you meant the money to be."" Furthermore, the money isn't necessarily safe with your friend, and the absence of a contract exacerbates this issue. If you want to keep your money safe, keep it in an account that's covered by deposit insurance. If you don't have an account in that currency, either a) talk to a lawyer who specializes in situation like this and work out a contract, or b) open an account with that currency. As I've stated, I'm not a lawyer, so none of the above should be interpreted as legal advice. That being said, I'll reiterate again that the concept of depositum irregulare is a concept from ancient Roman law. Trying to apply it within a modern legal system without a contract is a potential recipe for disaster. If you need a legal solution to this problem (not that you do; I think what you're looking for is a bank), talk to a lawyer who understands modern law, since ancient Roman law isn't applicable to and won't pass muster in a modern-day court."


"Private companies often ""make the market"" for their own stock. So they may offer to buy back so many shares a year, give staff the option to sell stock back after so many years, etc.  But private companies can have their own restrictions. They can, for instance, forbid secondary trading or explicitly limit voting stock to family members.  Ostensibly, someone could sell a big chunk of a company for whatever price they wanted (unless it was prohibited).  For tax purposes, IRS will come after you if you get a bunch of value for less than you paid for.  It is not an unheard of way to transfer wealth, but a dollar? Probably just gift it. But I'm not a tax attorney...   But is absolutely not the same kind of price transparency, or price movement, that you see in public stock, you are correct. Larger private companies may have secondary markets that are still less transparent."


> While I'm talking to an Estonian, how's Estonia doing these days?  The current party in power is having a financing scandal. Allegedly one of their current ministers organised money laundering schemes while being the secretary of the party years ago, but it goes a lot deeper than that, he's refusing to step down, and an investigation into this by the state prosecutor was shut down due to lack of evidence.  The guy is the minister of justice, so the state prosecutor actually answers to him directly.  At times it feels like we're living in god damn India or something.


Interesting thread - I was going to go the route of writing my own reports on companies I invest in and posting them on my personal blog. A way to hone my research skills, signal to employers my research and writing ability and get feedback from people.   Good idea?


Depends on what you are going for. Sometimes first to market is the correct decision, while other times being more conservative is correct. All depends on risk/reward.   Edit: given that this was merely supposed to be a proof of concept/advertisement for the business's speed capabilities, and the low cost involved, there didn't appear to be very much risk.


A lot of it boils down to these key points:


I also saw a lot of reference to Mutual Mania Board Game, which is geared towards kids 11yrs+ and helps them learn about spending, saving, profit and loss.


"I completely agree, but the problem is in many fields you simply can't get your foot in the door without traditional credentials. The HR clerk or software skimming resumes will just toss you in the garbage because you don't fit their neat idea of a ""qualified"" candidate. ""We"" need to rethink how we recruit people."


Does your employer offer a 401(k) match? If so, contribute enough to maximize that--it's free money. After that, contribute to an IRA where you can invest in funds with low expenses. After you max that out, if you still have money left over, max out your 401(k) despite the high expenses for the tax advantages. Remember when you leave the company you can roll over the balance into an IRA and switch to lower-cost investments. Of course this is general advice without knowing your situation. If you're looking to buy a home soon, for example, you might want to keep extra money in a taxable account for a downpayment rather than maxing out your 401(k).


Then we do agree in a sense. Pensions are an anathema in the modern economy and likely were never a good idea, that said I do not agree with putting those owed and promised pensions behind other creditors. You would not bring down the credit system, you would simply kill what is left of the seriously broken pensions system and punish any company that was fool enough to play games with their pension system.   All that said I am not against a bankruptcy court discharging pensions and saying tough-titties to the employees. I just want that consideration by the court to happen when whatever is left of the cash pile is still big enough to matter to the pensioners.  If you are a company dumb enough to operate such a system today I see no reason why your creditors should not be aware of the promised debt load you carry that is bound up in your employees and take it into account. Does it make credit more expensive for them? It better!


"The US national debt isn't the problem. If the Bush-era tax cuts had been allowed to expire then US debt would have been paid off reasonably quickly. The CBO’s “baseline” budget forecast,   which assumes that the cuts do indeed   expire as planned, sees the deficit   falling from 9.1% of GDP in 2010 to   2.5% in 2014. These are just the debts the US has already incurred. The problem is the future entitlements the US is promising to its soon-to-be-retired generation of Baby Boomers.  Medicare, health insurance, and so on are all future costs that can be calculated fairly accurately when considering the size and earnings of the work-force relative to the size, longevity and health of the newly-retired. Governments can ""solve"" the problems of entitlements simply be reneging on their promises. The concern that investors have is that either entitlements will be paid by raising taxes (and so cutting profits and investment returns) or countries will simply default on their existing debts as their tax receipts run out. As Europe has shown (from French workers rioting about having to retire at 62, to British students rioting about paying their tuition fees), breaking promises has consequences for elected politicians too. Europe is already going rather painfully through this process of economic restructuring.  The US will eventually come round as well.  Just don't expect it to be painless. So keep your money and invest it wisely.  No doubt that tax collectors will be round in a while to take their cut so you can make your contribution."


Actually, it does make some sense.  Returns are where you have a customer who is not satisfied, and the company's job is to redeem themselves.  If you piss someone off when they're already unsatisfied with something, you risk alienating them permanently.  Easy returns mean that you get the return knocked out quickly, and get them spending money again, in your store, and that generally outweighs the cost of the return.


You can only deduct (with the 2% AGI threshold) expenses that: You've actually incurred. I.e.: you actually paid for equipment or services provided and can show receipts for the payment. At the request of the employer. I.e.: you didn't just decide on your own to buy a new book or take a class, your employer told you to. With business necessity. I.e.: it was in order for you to do your job. And you were not reimbursed by your employer. I.e.: you went somewhere and spent your after tax money on something employer explicitly told you to pay for, and you didn't get reimbursed for that. From your story - these conditions don't hold for you. As I said in the comments - I strongly suggest you talk to a lawyer. Your story just doesn't make any sense, and I suspect your employer is doing something very fishy here.


I compared it to NJ, NY and various other states through a database that escapes me now.  It's an independent database that was partially funded by the Bill and Melinda Gates foundation and I cannot find it now.  I also went through the arbitration opinion between CPS and the union, as another datapoint.  I'm sorry.  I will try to find it and get back to you.


Yes, legitimate, documented, expenses are written off against that income.


"I frequently advise to go 401(k) up to the match. With no match, I'm not so sure.  If you are in the 15% bracket, I'd skip the 401(k). Your standard deduction is $5800 this year, do you itemize? I ask because the 15% bracket ends at $34,500, and I don't know if you manage enough deductions to get under that.  But - I'd only pt into the 401(k) what would otherwise be taxed at 25%, no more. Even then only if the 401(k) expenses were pretty reasonable. Will all the hoopla over retirement accounts, we easily forget the beauty of the investment in ETFs long term. You buy the SPY (S&P 500 ETF) and hold it forever. The gains are all deferred until you sell, and then they have a favored rate. You control the timing of the sale with no risk of penalty. The expenses are low, and over time, can make up for the lack of tax deduction (The pretax deposit) vs the 401(k) account. You die and the beneficiaries have a stepped up basis with no tax due (under whatever the limit is that year).  Long term, I'd go with low cost ETFs and pay the mortgage at the minimum payments. Even without itemizing, 4.2% is pretty low compared to the expected return over the next decade in stocks.  I recommend a look at Fairmark to help understand your marginal rate. Your gross doesn't matter as much as that line on 1040 ""taxable income."" This will tell you if you are in the 25% bracket and if so, how deep.  Edit - If one's taxable income, line 43 on your 1040, I believe, puts him into the 15% bracket, there are issues using a pretax 401(k). The priority should be to use a Roth IRA or Roth 401(k). Being so close to that 25% bracket at 26 tells me you will grow, and/o marry into it over time, that's the ideal time to use the pre-tax 401(k) to stay at 15%. i.e. deposit just enough to bring your taxable income right to that line of 15/25%."


"I believe the answer here is no: SIPC protection of customers with multiple accounts is determined by ""separate capacity."" Each separate capacity is protected up to $500,000 for securities and cash (including a $250,000 limit for cash only). Accounts held in the same capacity are combined for purposes of the SIPC protection limits. So even having 2 individual accounts - you would only be covered for $500,000/$250,000. You can see more about the type of accounts that would give your more coverage here. Also note: If you own a stock - the record probably exist.  Therefore you would not lose your ownership or shares.  The SIPC is there to protect the times this does not happen."


"This is proof that the people running the world are all insane. They are interested only in their personal gain and they are throwing the entire planet full of people under the proverbial bus in the effort to increase their bank accounts during their short lives.  The practice of banks ""inventing"" money by lending more than they actually have in their vaults should be stopped, or at the very least reigned in. During the housing collapse it was revealed that CHASE was lending money at a 50:1 ratio. That's madness. CHASE should have gone bankrupt as a result, but they received massive bailouts. A company which operates like that is literally poison in the bloodstream.  Everyone knows that financial health is the result of making rational decisions. So it leads one to wonder how it is that all of the richest people get that way by being as irrational as possible. It's no surprise that most of them lose their fortunes in disastrous catastrophes which serve as entertainment for the masses.  When it comes to building wealth I think the story of the Tortoise and the Hare offers the most wisdom of any anecdotes."


It sounds like there are no provisions in the loan document for how to proceed in this case.   I would view this as creating a brand new loan. The amount owed is going to be (Principal remaining + interest from 2 years + penalties).  If you created a new loan for 13 years, that would not be how I would expect a lender to behave. I would expect most repayment plans to be something like make double payments until you are caught up or pay an extra $1000 per month until caught up and then resume normal payments.