You do not need to report gifts from US residents (US citizens/green card holders/tax residents due to length of stay) since filing gift tax return is their responsibility. In case of foreigners you need to report gifts in excess of $100K. In any case, transfers between spouses are exempt from gift tax.


I had a situation like that happen at work. A girl in H.R. did that and milked maternity leave until her six months were up. Then called in and said she was resigning. My boss was talking about her to some of the staff saying she'd probably not going to come back and that the H.R. Director should be looking to replace her position. He was right, her husband had a high paying tech job and she didn't need the income so why would she stick around a dysfunctional company?   The other maternity leave was a girl in my department who got pregnant by a dude a few cubicles away. She had to go on disability 3 months before her maternity leave officially kicked in. She had my boss over a barrel and convinced him to pay the difference between disability and her salary for the entire period she was out. It appears she threatened to quit unless she got a raise and another promotion because she came back with a better title and her pay check got larger from then on. She basically held a bunch of incomplete work over his head as ransom for months. As of July when I left she just got around to doing it...so basically it took her a year to complete a project that should have taken about a week or so.


You can execute block trades on the options market and get exercised for shares to create a very large position in Energy Transfer Partners LP without moving the stock market. You can then place limit sell orders, after selling directly into the market and keep an overhang of low priced shares (the technical analysis traders won't know what you specifically are doing, and will call this 'resistance'). If you hit nice even numbers (multiples of 5, multiples of 10) with your sell orders, you can exacerbate selling as many market participants will have their own stop loss orders at those numbers, causing other people to sell at lower and lower prices automatically, and simultaneously keep your massive ask in effect. If your position is bigger than the demand then you can keep a stock lower. The secondary market doesn't inherently affect a company in any way. But many companies have borrowed against the price of their shares, and if you get the share price low enough they can get suddenly margin called and be unable to service their existing debt. You will also lose a lot of money doing this, so you can also buy puts along the way or attempt to execute a collar to lower your own losses. The collar strategy is nice because it is unlikely that other traders and analysts will notice what you are doing, since there are calls, puts and share orders involved in creating it. One person may notice the block trade for the calls initially, but nobody will notice it is part of a larger strategy with multiple legs. With the share position, you may also be able to vote on some things, but that solely depends on the conditions of the shares.


On a personal Loan Yes. On a business loan, it would depend on the Bank and they would like to understand the purpose of the loan and need it to be secured. They may not even grant such kind of business loan.


So.... If everybody took your advice, how would you ever be able to hire other people? The economy would be composed of millions of ever-competing single-person ventures, in which some would strive, and the ones who fail would just move in to the next venture...  Being an entrepreneur requires a certain skill set and appetite for risk that not everyone has, or is in a position to take on, so the rational that only entrepreneurs deserve riches is very reductionist and dismissive of how value-creation happens.


You really just need to learn about finance, trading and the markets. I know a chemical engineer that did an IB internship. He joined our universities Investments club and just learned everything from there. He never took a single business class


Imagine 4 guys in charge of the entire Evian company. CEO, CFO, Legal and Operations.   The rest are robots and automated.  You go to the factory and you see the 'machine' producing bottled water on its own, from the springs, to the plant, to the bottling, packing, even trucks are self-driving.  Kind of creepy.


Umm actually asking to be refinanced at a lower rate *IS* asking them to forgive/give up part of the mortgage.  Peoples greed in getting themselves into upside down mortgages are why we have problems, not the banks not helping them out enough.


What mistakes did it make?  They never made any real effort to break into the US smartphone market.  What should they do to survive?  Hold onto their emerging market share whilst making a real effort to break into the US smartphone market.  It certainly wouldn't hurt to position themselves as the premium smartphone manufacturer in the developing world either.


A South Korean buyer wanted to import huge quantity of Crude Oil from a supplier in Saudi Arabia where the supplier asked for a Bank Guarantee. The buyer's company instantly contacted us and we facilitated their Crude Oil deal by providing BG MT760 after they successfully obliged to BWT’s Terms.


I think it's advisable to exercise a fair amount of caution when posting information about yourself online. With the advances in data aggregation efforts, information that would have been considered sufficiently anonymized in years past might no longer be sufficient to protect you from bad actors online. For example, depending on which state, and even which county you live in, the county recorder's office may allow anyone with Internet access to freely search property records by your name. If they know approximately where you live (geolocation from the IP address that you use to post to a blog--which could be divulged if criminals compromised the blogging site) and your surname, they might be able to find your exact address if you own your home. If you have considerable wealth it could open you to targeted ransom attacks from organized criminals.


The 'Stora Enso' entity was formed in 1998 via a merger of 2 older companies, one that started in 1888 and the other in 1889.  They claim documentation of work as early as the 1200s-1300s. Not officially a 1,000 year old business either way.


Now that the labor market in China is near saturation and wages are rising, I think that the Western factories that rely heavily on unskilled labor will start to move from China to sub-Saharan Africa.   Edit: I disagree with this line:  > tried-and-true strategies of delivering charity  Those charities have come under a lot of fire recently, especially from African academics, for distorting the market economies in Africa. Massive supplies of free grain ruin the market for farmers. They inhibit the development of the agricultural sector in Africa and may be harming Africans in the long-term as much as they help in the short-term.  Foreign direct investment, better governance, and foreign-built factories will probably help Africa more than food aid.


Berkshire Hathaway would be a good example of a company that has yet to pay dividends, yet is a highly valued stock. A couple of key points here to note is how on the first hand you have that the dividend policy will never change, yet couldn't one argue that there will always be new investors wanting more shares and thus the price keeps going up until someone gains control and decides to issue dividends?  I'm just pointing out how on the one hand you are claiming a never changing and yet on the other thinking there will be a termination when the reality is that unless there is a zombie apocalypse of some form, life will continue and there will be new people to want to buy the stock and some people be willing to sell at the new prices.


I see too often in America that when people make it, they kick the ladder out from under them. Your poor childhood explains your current pretentions and entitlement complex, but doesn't justify them. Instead of posting about how you only demand the best when going on business-sponsored trips, you should be trying to help people make it from where you were as a kid (conditions which the majority of Americans can relate to), to a confident and stable position. But you're just going around shoving your pretentions in people's faces.


I'm fully aware of that fact, however enrollment via the club card is what gets your name and address on every freaking mailing list between SkyWays and Harriet Carter.  It's also one more damned thing I have to make sure I've got, or have to remember whatever bullshit phone number I made up when I enrolled.  Just no.


Is their risk taking creating jobs though?  When i bought Apple stok a few years ao, what entrepreneurial spirit did I promote or encourage?  Why not give extra tax breaks for the sale of stock purchased during a public offering (since that goes to helping the company) but not for secondhand (less necessary) trading.  Should we give big tax breaks to people who lend businesses money?


Malaysia is a highly competitive country and well known for its prowess in various corporate sectors across the globe. As a result, many international investors have a keen interest to gain market penetration and invest in Malaysia to expand to their business empires.


I would say yes, it makes sense to keep some money in taxable accounts.  Retirement accounts are for retirement, and the various early withdrawal penalties are designed to enforce that.  If you're anticipating using the money before retirement (e.g., for home purchase), it makes sense to keep it out of retirement accounts. On the other hand, be aware that, regardless of what kind of account it is in, you face the usual risk/return tradeoff.  If you put your money in the S&P 500 and the S&P 500 tanks just before you were going to buy a house, your down payment evaporates and you will have to wait and buy a house later.  You can manage this by shifting the allocation of this money and perhaps cashing it out if a certain amount is gained (i.e., it grows to the level of your target down payment) and you are close enough to the house purchase time that you don't want to risk it anymore. Basically, if you invest money for a pre-retirement use, you may want to keep it in a taxable account, but you also need to take account of when you'll need it and manage the risk accordingly.


You will make very little cash in real estate. Don't think of it like a money farm, unless if you have the capital to forgo the loan. The rent will pay the equity towards owning the place which at any point you can sell into cash. But you won't get lots of spending cash upfront, it takes a while to build.    Source: have a good friend who does this- the second he gets any capital he instantly buys and manages a new property. Poorest rich guy I know


I'm familiar with the software, a pigeon could very literally use it. It is is extremely basic so it's just aggravating to know that is what's stopping his hiring decision. The software literally uses color coding and easy to read click able buttons.   But nobody wants to train anyone.


"That's pure Evil right there.  Instead of addressing the ""need"" for an H1B or any of the myriad flaws in either the notion or the implementation, this basically sets out to entrench the leaders  The hysterical part is that it is inevitable that this will come out of the worker's pocket.  So that $60M, instead of being a fee paid by Microsoft, actually doesn't cost them a dime that isn't offset by a tidy little lending operation (or several messy ones)."


Is it possible for Saudi Arabia to create that much renewable energy to replace oil?  Saudi Aramco itself is estimated to be a trillion dollar company. In terms of Solar energy, America just has more land to farm solar.   Where will their edge come from?  Maybe cause political unrest/financial instability of many middle eastern countries?


Do you have any legal options? Not really. Citi is under no obligation to refinance your loan on your terms. But that goes both ways, and you are under no obligation to refinance with Citi! Get more quotes from another lender. It'll feel really good when you find a lender that wants your business. You might get a better deal. And think how good it will feel to cut ties with Citi!


I love how all of these articles are burying this fact and editorializing their headlines to paint a different picture. Pretty scummy really. The guy certainly has earned all the criticism he gets, but it's much more likely that his leave is stress related and by choice.


What you are describing does not sound like an investment; it sounds like a loan. An investment involves you putting up a stake and sharing in the profits or losses of the business - there is no guarantee you will get your money back. A loan involves you putting up money for which you will receive interest and principal repayment in accordance with an agreed schedule - you get this irrespective of how the business is performing. Also, is the arrangement with your friend or his company? They are different legal entities and your risk profile is different in both cases. Whatever the arrangement you need to sign a contract which details all the terms and conditions - how much you will pay, to whom and when; how much you will get back, from whom and when; a method for resolving disputes; what happens in the event of insolvency or bankruptcy; what happens if someone breaks the terms of the contract; if your payout depends on the value of the business at some future date, how it is to be valued; etc. etc. Two points: I am not a lawyer, I am not your lawyer.


My sister just purchased a house for $35k in moderate sized midwestern city. Even fully financed, that's <$200/month. The house has 3 bedrooms and a decent sized yard. There's lots of houses in that area for similar prices, some in better shape than others.


You wouldn't know it's value (Enterprise Value) without knowing its cash balance.  The equation:   EV = Market Cap + Minority Interest + Preferred Stock + Debt - Cash  Enterprise Value is the value of the company to ALL shareholders (creditors, preferred stock holders, common stock holders).  So, taking on debt could either increase or decrease the EV depending on the cash balance of the company.  This will have no effect, directly, on the market cap. It will, however effect the present value of its future cash flows as the WACC will increase due to the new cost of debt (interest payments, higher risk of bankruptcy, less flexibility by management).


I think maybe 10%, at best, of my mail is useful. Probably 5%. And of the useful mail, it really isn't urgent. I would have no problem getting mail once a week. There are many other readily available modes of communication if something is urgent.


>never met a single person in my life that wouldn't leave their job for a 50% pay raise.   But I have met many married people in my life, they will leave their spouses for a lot less.  Some people want to settle and some people want options.  wait... i'm not sure what we are talking about any more....


This is a very interesting post. As a frequent online shopper, I also just choose to buy from websites that have secure and verification seals. And having one is indeed a good way for online merchants to increase their sales and profits. I also visited the link shared on the post and found this very informational: http://www.validsafe.com/


"I think there's a sub~~ject~~ for this financialcareers or something.   I'll just say, as your career goes on, every ""next"" place you interview for will ask what your last salary was and partly base their offer on that. So taking a job like this that bumps you up considerably pays off for every other job you get down the road."


"I'll concede that you're probably speaking in good faith- I genuinely believe that you're original statement was one that meant to point out that the ruling class seek to squeeze all the value they can out of being the ruling class, which includes maximizing the size of the rest of the population to drive down wages and get the most labor out of payrolls as possible to maximize profit. I can concede that completely and never suspected that you felt otherwise.  That said, ""reasonable"" people are often unequipped to deal with extreme or academic scenarios using reason alone. My entire point of digression came from the use of the term ""commodity,"" as it refers to things of value who's value arises from their ability to be traded at a profit. Your statement regarding people fitting this definition was true in the time of feudalism- pushing that definition back to the idea that the labor of people was tradable (but people owned themselves) was a major improvement in human rights (happening for different people at different points in history). I drew a point of contention because it's an *important* and *historical* point of contention that should never slip backwards ever, without being pointed out."


It very much depends on whether you want to drive around in an expensive car, or whether you want an expensive car parked on your driveway. And whether you want to buy a new car, or a used one. And whether you know a reliable garage that doesn't rip you off or not.  For example, if my wife who drives maybe 5,000 miles a year wanted a 5 series BMW, we could buy a five year old one with 120,000 miles, for about £120 per month purchase price if it lasts 6 years. 11 year old and 150,000 miles should be no problem for that kind of car. So that's quite affordable. For me, driving 25,000 miles a year, the numbers are quite different.  Fact is, if you drive around in my wider neighbourhood, you will sometimes see very expensive cars parked in front of very rundown houses. Some people find it more important to drive around in an expensive car than to live in a nice place. That's priorities. Many people can afford expensive cars if they rearrange their priorities (and I'm not saying it's a good thing).  PS. If you want to be seen in an expensive car (for example, you take your wife out), you can always rent a car for a day or two.


From HSA Resources -  I understand that I can reimburse myself from my HSA for qualified medical expenses that I pay out-of-pocket but is there a time limit? Do I need to reimburse myself in the same year? You have your entire lifetime to reimburse yourself. As long as you had your HSA established at the time the expense was incurred, you save the receipt and it was not otherwise reimbursed, you can reimburse yourself for the expense from your HSA even years later. The important thing not asked or mentioned above is that the HSA must be in place before the expense occurred. In your case, should the LASIK procedure be before the HSA is established, it's not an eligible expense.


"That's true.  However, let's say Andy lives on top of a bunch of coal.   Charlie and Daniel create a piece of paper that says ""Andy's House Title"", and give it to John, who's pretty buff.  He kicks Andy's ass, ties him up, and forces him to mine coal.  This is good for Charlie and Daniel, who can get cheap coal.  It's good for John, who's king of Andy's house and gets all the profits off the coal.  Not so good for Andy.    And that's part of why some other nations have a problem with us.  We're buying coal for John, sending him guns, and helping him kick their asses when they try to throw him out."


You can change your withholdings (IRS form w-4) to take additional money from your paycheck and get it back when you file a refund. Maybe you could buy a gift visa, place it in a bag and freeze it in a tub of water.  That could help put the impulse on ice for 24hrs. It is natural right to enjoy the money you work for.  Be sure to include some enjoyable spending in your budget or you will be miserable.   When breaking a habit, try to do one thing different, no matter how silly it is.   Anything to bring your attention back to the big picture.


If they leave the extra funds in the account the IRS will consider it as employer match. They weren't funds from your paycheck, they were from the employers profits. Because they don't have a formal matching program the extra funds will still keep then under the max match.  There is one other explanation that needs to be considered. If the last paycheck from 2011 was near the end of the year (the last Friday of 2011 was December 30th) the 401K funds from that final paycheck may not have been deposited into your 401K until early January 2012. If you count contributions when looking at your 401K statement it will look like one two many for 2012; but the IRS only cares when it was deducted from your paycheck, not when it was deposited into your account. The Department of Labor only requires they be deposited by the 15th of the following month.


"I think this is a bit too simplistic, because you need to keep in mind that Buffet was managing the money as his career. Had he paid the 1% fee he could have ""made more money"" doing something else.    People who hire money managers usually do so because it A. saves them time managing their own portfolios and B. because they don't believe they would do a better job managing it themselves."


"Investors are ""forever"" comparing the prices of stocks to other stocks. As others have pointed out, this is done faster and more frequently nowadays with high-speed computer programs. There may be no ""fresh"" news on stock A, but if there is fresh news on stock B (as there usually is), the news on B affects the COMPARISON with stock A. That could be what causes trading in stock A that has ""no news."""


"This is the best tl;dr I could make, [original](http://m.sfgate.com/business/networth/article/New-law-bans-California-employers-from-asking-12274431.php) reduced by 81%. (I'm a bot) ***** > California employers can no longer ask job applicants about their prior salary and - if applicants ask - must give them a pay range for the job they are seeking, under a new state law that takes effect Jan. 1.  > If a woman is paid less than a man doing the same job and a new employer bases her pay on her prior salary, gender discrimination can be perpetuated, the bill&#039;s backers say.  > The San Jose Unified School District said it needs to attract and retain educators and &quot;In order to so, it needs the ability to ask applicants about their salary history.&quot; The Western States Trucking Association said it &quot;Effectively eliminates an employer&#039;s ability to negotiate wage, as well as creates a new reason to sue.""   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/76dhxw/california_introduces_new_law_banning_employers/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~228343 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*: **employer**^#1 **bill**^#2 **salary**^#3 **state**^#4 **applicant**^#5"


"I did sort of the same thing as you after a some time in consulting. The biggest annoyance for me was how poorly I thought the most basic, obvious bullshit through. Figure out how you'll bill for travel -- when do you fly vs. drive, what's your mileage rate, etc. Get your proposal template looking razor sharp, and have a standardized invoice ready (don't say ""net 30"" or 45 or whatever, some clients won't understand what you're talking about and there's no way to explain it without sounding like a douche). Be prepared to negotiate heavily at first. Until you start to get a steady client base, people are going to lowball you, perhaps rightfully so. Consider the consequences of establishing yourself at a low rate, or being considered unreasonable and inflexible.   Also, since you're working with a partner, figure out how you're going to register your business by considering your financial situations or, preferably, hiring an accountant. I also *strongly* recommend working with your partner and an attorney to draft an operating agreement. I've seen so many horror stories with people who either didn't have one, made their own shitty one, or otherwise got screwed on technicalities."


Good stuff. But the question is, why would these politicians want to change things? Most of them are self serving and there's no incentives from either parties to change. They've proven they can't govern themselves and the average voter keeps voting in incumbents.


Have you tried them? They're NOTHING like other veg patties. The texture, the greasy fatty beef flavor, the smell... I'm seriously in love with them. My sister's vegan, tried one, and won't eat them because they feel/taste too much like meat for her.


You're correct, there's always a conflict of interest in private professions whether you're a CPA, doctor or lawyer. There's always a possibility of backroom dealings.  The only true response is that governmental bodies like the SEC, IRS and otherwise affiliated private organizations like the AICPA can take away your license to practice, send you to jail, or fine you thousands of dollars and ruin your life - if you're caught.  I would personally draw a line between publicly traded corporations, amoral as you said, and public accounting. A CPA firm's responsibility is to the public even though they aren't a governmental body. Accounting records are required to do business with banks and the IRS. Without public confidence in the profession, CPA firms wouldn't exist. It's truly an incentive to do a good job and continually gain confidence. They incidentally make money along the way.


Regardless of your belief in no name equals fake... what are your thoughts on the content of the article? The points that were brought up were relatable no? As a person who understands a lot about researching on social platforms, I would have thought you could have a good insight to share, to help the author and the reader in this thread?


"Have you asked yourself why the worker is paid very little?  The private sector is efficient, that in and of itself is reason to privatize.  I have a feeling this ""better way"" you keep talking about involves me having a lot more of my property and/or income redistributed."


I started out thinking like you but I quickly realised this was a bad approach. You are a team, aren't you? Are you equals or is one of you an inferior of lower value? I think you'll generate more shared happiness by acting as a team of equals. I'd pool your resources and share them as equals. I'd open a joint account and pay both your incomes directly into it. I'd pay all household bills from this.  If you feel the need, have separate personal savings accounts paid into (equally) from the joint account.  Major assets should be in joint names. This usually means the house. In my experience, it is a good idea to each have a small amount of individual savings that you jointly agree each can spend without consulting the other, even if the other thinks it is a shocking waste of money. However, spending of joint savings should only be by mutual agreement. I would stop worrying about who is bringing in the most income. Are you planning to gestate your children? How much is that worth? - My advice is to put all this aside, stop trying to track who adds what value to the joint venture and make it a partnership of equals where each contributes whatever they can. Suppose you fell ill and were unable to earn. Should you wife then retain all her income and keep you in poverty? I really believe life is simpler and happier without adding complex and stressful financial issues to the relationship. Of course, everyone is different. The main thing is to agree this between the two of you and be open to change and compromise.


"Indeed. I would've had a full-time position with the company I worked for part-time over the past year... but through no fault of my own, mine was cancelled due to ""budget miscommunications"". I absolutely cannot stand people claiming ""Oh well, it's all just hard work"". Bullshit. I put in the hard work. I have the talent. What's my reward? To get flung out in the cold."


Yes.   A mortgage is a kind of debt.  Someone lends you money to buy your house, and you owe them the money, so you have debt.


"> Sounds like you live in a fantasy land where everyone has infinite do-over lives and market forces are magic panacea.  No, but way to attack a straw man. It's much easier than actually forming a rational argument.  > Clean air and water is a public good  No, they are not.  > We shouldn't leave issues like this to crop up from short-sightedness and cognitive biases of private parties left to their own devices.  Only a complete dumb fuck would paint a private/public dichotomy as short-term vs long-term. Politicians don't have any more of a long-term vision than any other person.  > If the US had been run the way you want, we'd have had prevalence of leaded gasoline, paint, and lead in drinking water for decades more. And we'd have higher crime rates due to the brain damage caused by lead.  Bullshit, because the government wasn't listening to the scientists telling them about the harm of lead in the first place. You're talking out of your ass.  > Making all roads private and for-profit creates a profit motive in acquiring lands that are strategically important in transportation  It's almost as if more resources would go towards things that are more widely used.  > opening up opportunities for monopolies and collusion  Oh look, more talking out of your ass, complete with the ""answer to no one"" nonsense that only exists in the fantasy world in which consumers consistently harm themselves and no legal framework exists to stop unlawful behavior. It's fucking retarded. You have neither evidence nor even economic reasoning to support this.  > Law and law enforcement is a matter of trust.  No, *your* monopolized version of law is based upon trust. It's based upon the notion that you can hold an all-powerful entity accountable for its actions by appealing to that very same entity with a vote that makes no difference on the margin. And that's not trust, it's a religion."


"This is the best tl;dr I could make, [original](https://www.cnbc.com/2017/08/02/housing-demand-strengthens-but-heres-why-some-buyers-are-giving-up.html) reduced by 73%. (I'm a bot) ***** > &quot;Buyers toured in full force last month, even though there were fewer homes hitting the market. New listings fell 3.3 percent from May and were down 1.6 percent from a year ago. Faced with a low supply of homes for sale and extremely competitive conditions, many homebuyers are struggling to make it to the offer stage.""  > The supply of homes for sale in July was down 11 percent annually, and homes were selling on average four days faster.  > &quot;Home prices also remain stubbornly high, failing to show hints of the usual seasonal cooldown. Low and moderately priced homes are being snatched up especially quickly, keeping many would-be buyers from being able to get into the market.""   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6r8ybg/housing_demand_strengthens_through_summer_but/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~181826 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*: **home**^#1 **market**^#2 **buyers**^#3 **year**^#4 **percent**^#5"


I've been with my credit union for 8 years now and I love it! I also don't deal with any of the problems you are talking about. I don't pay fees at any atm, at least not ultimately. If an atm charges me a fee then it's refunded to me at the end of the month. My online banking is very good, even have an app that allows me to remote deposit checks. Oh, and my loan interest rates are really decent too.   While the banks are nickel and dimeing you to death my CU pays me every month and charges no fees.


It is COMPLETELY no use to pay earlier (during a billing cycle) to better your credit score! Your credit score gets affected ONLY once a month from each creditor, and that happens when they post your monthly statement. Thus, no matter what you do or pay and how many times a month or how many days earlier than your due date, it has NO EFFECT WHATSOEVER on your score. Anything you do will be reflected only after the statement. What you pay in between those two statements is irrelevant. So, as far as credit score goes IT DOESN'T MATTER. However, if you want to save on interest being charged, it is wise to pay as early as possible, so your balance is as low as possible for day-by-day calculation of your interest.


For every seller, there's a buyer. Buyers may have any reason for wanting to buy (bargain shopping, foolish belief in a crazy business, etc).  The party (brokerage, market maker, individual) owning the stock at the time the company goes out of business is the loser . But in a general panic, not every company is going to go out of business. So the party owning those stocks can expect to recover some, or all, of the value at some point in the future. Brokerages all reserve the right to limit margin trading (required for short selling), and during a panic would likely not allow you to short a stock they feel is a high risk for them.


Amazon Gold Ventures Limited - YousaytooProjects Marmjito Mining Sector  This group of mines are located in the catchment area of work Marmajito underground mine. They are operating the mines Naranjos, La Picuda and Las Brisas. The first two exploit the seam. Marmajito in its lateral extension and the third operates the hearts of the Grain Córdoba. These mines are located in the hamlet Marmajito, south of town the municipality of Segovia.  MINE COORDINATES EAST AND COORDINATES NORTH  Los Naranjos 931,183.64 1'273,730.24 630 550 La Picuda 932,187.87 1'273,114.64 591 500 Las Brisas 930,845.26 1'273,260.24 690 570    The areas granted by the company Frontino Gold Mines in their respective operation contract are:  Los Naranjos: 9 Ha 1281.83 m2 The Picuda: 4 HA 7214.6 m2 Las Brisas: 4 Ha 629.46 m2  These areas are bounded by the following coordinates.  COORDINATE POINT AND COORDINATE N  1 931,173.71 1'273,700.46 2 931,411.94 1'273,827.48 3 931,422.51 1'274,039.10 4 931,092.60 1'274,126.60   COORDINATE E COORDINATE N 1 932,051.43 1'273,191.47 2 932,152.57 1'273,298.64 3 932,404.37 1'273,110.56 4 932,287.72 1'273,000.00   COORDINATE E COORDINATE N 1 930,607.24 1'273,363.31 2 930,814.27 1'273,375.04 3 930,869.35 1'273,219.11 4 930,670.89 1'273,143.91 Marmajito sector mines have operating agreement in effect with the Frontino Gold Mines Company, with a duration of three months, renewable. The areas are well located with respect to farm work today, the Naranjos except mine, which is advancing on a crusade to Córdoba intercepting the vein out of the area. The mine La Picuda has a fixed lower boundary which is already below the lowest level on the contract, are advances are also side that fall outside the allocated area.


I hope that there are no significant differences between the things you list once the formulas for compounding interest are understood. I will, again, lay out these formulas below.  First, definition of the variables: R means Total Return ratio. The sum of all money you get, both dividends (or interest payments) and return of initial capital.  I is a ratio. It is the percent (10.4%) divided by 100 (0.104) then added to one (1.104). P means the number of periods in which the interest rate is paid and compounded.  R = I^P I = R^(1/P) P = log(R) / log(I)  Once you have R you multiply it by the amount of your initial investment to find out how much total money is returned.  For simplicity the following amounts are approximate: 2 = 1.104^7 1.104 = 2^(1/7) 7 = log(2) / log(1.104)  So to double your money in seven years you need a yearly interest rate of 10.4, if compounded yearly.


That looks very much like an S&P 500 E-Mini index future.  However, ES1 is a strange symbol.  Futures have the month of expiry encoded in their symbol as well:  http://commodities.about.com/od/understandingthebasics/ss/futurescontract_3.htm For example, the September 2011 future in this series would be ESU1. I'm not very familiar with Bloomberg so perhaps this is the front contract (i.e. the one that's closest to expiry (in the is case the September 2011 one)). Only problem is that prices don't exactly match what CME has (high of 1190 and low of 1186.25, for when this page gets out of date):  http://www.cmegroup.com/trading/equity-index/us-index/e-mini-sandp500.html  - but they are so close I suspect it must be some sort of S&P 500 index future.


Our company provides the best tour package in Cuba. If you want to enjoy Holiday, then you can visit our company website. And we provide the different type of the offer for holiday package and Vacation rentals services. You can come to the company office and get all information for Vacation rentals in vinales. The Vinales is beautiful city of the world. People from all over the world come to the city of Vinals.


"I don't know how annuities work it's all smoke and mirrors to me. This is a huge red flag to me. I would ask the agent what the penalty is to cancel this contract, and see ho much you can get back. If done right, you should be able to transfer these funds to an IRA or other pretax account.  To be clear, I'd make a similar remark if you said your were in a S&P ETF or any investment you don't understand. ""Appropriate investment"" means little if the investor has no understanding of what they are buying.  Update in repose to comments -"


Your question is missing too much to be answered directly. Instead - here are some points to consider. Short term gains taxed at your marginal rates, whereas long term gains have preferable capital gains rates (up to 20% tax rate, instead of your marginal rate). So if you're selling at gain, you might want to consider to sell FIFO and pay lower capital gains tax rate instead of the short term marginal rate. If you're selling at loss and have other short term gains, you would probably be better selling LIFO, so that the loss could offset other short term gains that you might have.  If you're selling at loss and don't have short term gains to offset, you can still offset your long term gains with short term losses, but the tax benefit will be lower. In this case - FIFO might be a better choice again. If you're selling at loss, beware of the wash sale rules, as you might not be able to deduct the loss if you buy/sell within too short a window.


Some businesses sell a franchise. You will be buying the name and reputation, access to the corporate infrastructure, requirements to use specific supplies and procedures. These tend to come with financing from the parent company. You will need to bring cash to the table, but they will loan you the rest. When purchasing a business, like buying a house, what is part of the deal can be negotiated. Sometimes the new owner and the seller agree to transfer everything. In other cases almost nothing except one item is included. The one item could be the location, the name, the inventory, the customer/client list. All these can be assets or liabilities depending on the specific situation, and which side of the table you are on. In the United states the US government has the Small Business Administration. They also have Small Business Development Centers SMDC to help. These are also supported by state governments and colleges and universities. They can help identify the steps needed to start a small business.


Very smart.  Let other people pay you interest.  Don't pay other people interest.  And, yes, I know it's possible to borrow money from one place and lend it to another place at a slightly higher rate, but why bother.


Of course not, this is confidential information in the same way that I cannot phone up your bank and ask to see a list of the transactions that you have made. Any bank has to be extremely careful about protecting the private transactions of it's customers and would be subject to heavy fines if it revealed this information without the customer's consent.


Can someone please explain the following in more detail please. I'm not exactly sure how and why synthetics work. > Instead of having credit default swap reference a single company like Exxon, J.P Morgan bundled together a large, diversified basket of credit derivatives that referenced hundreds of corporate credits... those who invested in J.P Morgan's invention didn't own a piece of the actual corporate loan. Instead, they owned credit default swaps - the performance of which was determined by the performance of the underlying corporate credits.  This is from *All the Devils are Here* by Bethany Mclean and Joe Nocera


I wouldn't personally spend any money on an appraisal.  Spend some time yourself looking at Zillow.com and maybe Realtor.com and other sites to review recent sales in your specific area.  Not the houses a mile away.  Try to find comparables to yours.  The key factor is dollars per square foot.  See if the trend over the last couple of years is upwards or downwards in dollars per square foot of living area.  If it's downwards, I wouldn't invest for sure.


"Other answers didn't seem to cover it, but most ""0%"" bank loans (often offered to credit card holders in the form of balance transfer checks), aside from less-obvious fees like already-mentioned late fees, also charge an actual loan fee, typically 2-3% (or a minimum floor amount) - that was the deal with every single transfer 0% offer I ever saw from a bank. So, effectively, even if you pay off the loan perfectly, on time, and within 0% period, you STILL got a 3% loan and not 0% (assuming 0% period lasts 12 months which is often the case)."


Short Answer Collections agencies and the businesses they collect for are two different animals. If you don't want this to hurt your credit I suggest you deal directly with the hospital. Pay the bill, but prior to paying it get something in writing that specifically says that this will not be reported onto your credit. That is of course if the hospital even lets you pay them directly. Usually once something is sold to a collections company it's written off.  Long Answer Credit reports are kind of a nightmare to deal with. The hospital just wants their money so they will sell debt off to collections companies. The collections companies want to make money on the debt they've bought so they will do what ever it takes to get it out of you, including dinging your credit report. The credit bureaus are the biggest nightmare to deal with of all. Once something is reported on your credit history they do little to nothing to remove it. You can report it online but this is a huge mistake because when you report online you wave your rights to sue the credit bureaus if they don't investigate the matter properly. This of course leads to massive amounts of claims being under investigated.  So what are your options once something hits your credit history? I know this all sounds bleak but the reason I go into such depth is that they likely have already reported it to the credit bureaus and you just don't see it reported yet. Good luck to you. Get a bottle of aspirin.


For an investor , I understand its a higher return on investment; but I was wondering if an investor is actually investing in the minerals, or the means of delivery such as ports, rail, trucks, roads, etc; or is that abstracted away


leveraged etf's are killer to hold because they seek to return some multiple of the DAILY price movement in an index. so twm seeks to return 2x the daily move in the russell 2000 Let's trace this out assuming (just to make it easy) large daily moves, and that you start with $1000 and the russell 2000 starts at 100. start of first day rusell 2000 == 100 you have $1000 end of first day (up 10% nice!) rusell 2000 == 110 you have $1200 end of second day (~9.1% down) russell 20000 == 100 you have $981.60 so the russell 2000 can move nowhere and you have lost money! This doesn't apply to all etf's just leveraged etf's.  You would be better buying more of a straight inverse etf (RWM) and holding that for a longer time if you wanted to hedge.


Yeah, I got one of those and didn't look at the fine print.  They gave me a 250 dollar credit limit with so many initial fees just for signing up that the card already had $180 on it when it came.


One of the key questions experts should ask when they first get started to work with a financial adviser or investment specialist is how they get paid for their expert services. There are generally four types of compensation plans for financial consultants.


I guess it's a thing called cant keep up with demand and the rest of the money going towards normal bills and shit. I have no idea tbh. Just assumed she was throwing me a bone to help me with my own hopes and dreams and 200k a year sounds pretty good to me


"You are a teacher with income. Presumably, between you and your spouse-to-be, more than $5500. That's all that matters. Unless, of course you make ""too much money"" (i.e. $184K or over). That's another story.  The actual deposit can be from any source. The example we often give is that a teenager with legitimate income can have a Roth, up to the income or $5500, whichever is lower, funded by gifts from a parent, or from savings. They don't need to turn over the money they made.  The money you are getting is a gift, and it's your money to do what you wish."


Whole life insurance accumulates a cash value on a pre-tax basis. With a paid-up policy, you make payments until a particular age (usually 65 or 70), at which point you are insured for the rest of your life or a very old age like 120. You can also access this pool of money via loans while you are still alive, but you reduce your benefit until you repay the loans. This may be advantageous if you have a high net worth. Also, if you own a business or farm, a permanent policy may be desirable if the transfer of your property to heirs is likely to generate alot of transactional costs like taxes. Nowadays there are probably better ways to do that too. Whole life/universal life is a waste of money 95%+ of the time. An example, my wife and I were recently offered open-enrollment (no medical exam) insurance policies our employers in New York. We're in our early 30's. I bought a term policy paying about $400k which costs $19/mo. My wife was offered a permanent policy that pays $100k which costs $83/mo, and would have a cash value of $35k at age 65. If you invested the $60/mo difference between those policies and earned 5%/year with 30% taxes on the gains, you'd have over $40k with 4x more coverage.


Much as I hate to agree with you (because my personal bias is towards the belief China is cooking the books in a significant way) we should consider that this is the most likely explanation. Reconciling exactly a superset of data against hard-to-measure subsets is near impossible and, in an economy as dynamic as China's, it would be very difficult to get this right to such a small margin.


I'd say the best course of action would be to call the card issuer and ask them. Converting can definitely be done, but you'll have to enquire about the bonus.


"So... is Kroger angry with the use of a word that starts with ""P"" and the word ""Selection?""  Back in the day, I thought the Kirkland Signature branding was kind of kitchy, but it's almost taken it's place as an actual good value brand for me."


It depends completely on the current order book for that security.  There is literally no telling how that buy order would move the price of a stock in general.


You should start a dispute with the credit card company, and they might be able to recover some/all of the money. Usually, if you act fast enough, credit companies (on the merchant's side) have enough of the deposits not yet disbursed to the merchant, and they'll just reverse the charge. The earlier you start the process - the more chances you have. Otherwise you'll have to sue, I'm not familiar with the Canadian legal system.


"I wouldn't tbh, it's getting very capitalistic and corporatized and getting heavily influenced by the right, to the point that I'd say it's not really all that blue. It's more central leaning than left leaning now and it seems like that line is getting moved. Hell, Austin's anti large corporation slogan of ""Keep Austin Weird"" has been gone to capitalism and can be seen at Walmart on tshirts, coaters, bumper stickers, etc."


Suppose that the fixed overhead costs of delivering a service, not related to the actual volume of sales, are $50 million per year. Suppose the variable costs on top are $100 per customer per year. Suppose further that 1% of the population buys the service. In the US, 3.2 million people buy the service, and it costs $116 per person to deliver it ($100 plus $50 million divided by 3.2 million). In Australia, 230,000 people buy it, and it costs $317 per person per year to deliver it ($100 plus $50 million divided by 230,000). The larger your market, the cheaper everything is, and Australia is a very small market compared with the USA, the EU, China or India.


I called the IRS (click here for IRS contact info) and they said I do not need to get a new EIN.  I could have just filed the appropriate employer federal tax return (940/941) and then the filing requirements would have been updated.  But while I was on the phone, they just updated the filing requirements for my LLC so I am all good now (I still need to file the correct form and make the correct payments, etc. but I can use this same EIN going forward). Disclaimer: Don't trust me (or this answer) for tax advice (your situation may be different).  The IRS person on the phone was very helpful so I recommend calling them if you are in a similar situation.  FYI, I have found calling the IRS to always be very helpful.


Something I wanted to posit: Do you have a life insurance policy, either taken out yourself or offered through your company? Many of these policies will pay out prior to the death of the covered individual, given statements by medical professionals that the person has a terminal illness or condition. The benefit, once disbursed, can be used for almost anything, including to pay down a mortgage, cover medical bills and other care expenses, etc. If you have such a policy, I urge you to look into it; that is the money that should be used for your end-of-life care and to ease the burden on your family, not your retirement savings. Your savings, if possible, should be left to continue to compound to provide your wife with a nest egg to retire with.


Well it all kind of depends.   The Realtor is your pro, and you should communicate further with him.  Is this a neighborhood on the decline?  Is there a good reason to make such a low offer?  Are you totally off base when you think 85K is fair, and if so why?  Is he just working his tail off for you (a great thing)? One thing that is a key to this negotiation is financing.  What does your financing status look like?  A reasonable cash offer with no contingencies and a quick close might be less than 70K.  A person with strong financing can get a better discount then a person that is questionable. It could be that the Realtor is testing the waters to find the bottom price.  The home selling season is closed (typically the summer), and the home has been on the market for a bit.  Offering 70K might mean a counter at 82K, so you can work on an offer between 80 and 82.   To me, it sounds like this guy is working for you.  You should thank him.  It is pretty hard to find a realtor that is willing to negotiate his pay down in order to save you money.   Also he can answer the closing cost question better than us as he is more familiar with your particular market.


Disgusting. I've heard of people discovering that they have huge balloon payments at the end of their contracts that they must pay in order to keep their dogs. And in the small print people give the company the right to come into their homes to actually repossess the animals. These companies should be fined out of existence.


They're the equivalent of an Apple Store. Every Kindle, Echo, and TV stick is on display. They want to build brand awareness and cachet. The books are mostly just there for branding reasons and for foot traffic increase, as far as I know.


First, you should probably have a proper consultation with a licensed tax adviser (EA/CPA licensed in your State). In fact you should have had it before you started, but that ship has sailed. You're talking about start-up expenses. You can generally deduct up to $5000 in the year your business starts, and the expenses in excess will be amortized over 180 months (15 years). This is per the IRC Sec. 195. The amortization starts when your business is active (i.e.: you can buy the property, but not actually open the restaurant - you cannot start the depreciation). I have a couple questions about accounting - should all the money I   spent be a part of capital spending? Or is it just a part of it? If it qualifies as start-up/organizational expenses - it should be capitalized. If it is spent on capital assets - then it should also be capitalized, but for different reasons and differently. For example, costs of filing paperwork for permits is a start-up expense. Buying a commercial oven is a capital asset purchase which should be depreciated separately, as buying the tables and silverware. If it is a salary expense to your employees - then it is a current expense and shouldn't be capitalized. Our company is LLC if this matters.  It matters to how it affects your personal tax return.


"This is the best tl;dr I could make, [original](https://www.theatlantic.com/business/archive/2017/10/next-recession-prepared/544391/) reduced by 92%. (I'm a bot) ***** > The economy has had three jobless recoveries following the last three recessions, and the next recession would likely prompt a fourth.  > &quot;Right now, one in four unemployed workers are receiving benefits. There are 15 states out there where the share of workers is less than one in five. In the southeast, the cuts have been so deep there&#039;s barely an unemployment-insurance program there.&quot; In the event of another recession, without strong and swift federal and state intervention, many Americans would face far less help from unemployment insurance than they did last time around, he said.  > In terms of global circumstances, political will, and fiscal and monetary firepower the next recession seems in some ways more difficult to fight than the last.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/79xzco/the_us_isnt_prepared_for_the_next_recession/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~238467 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*: **recession**^#1 **last**^#2 **state**^#3 **work**^#4 **economy**^#5"


First, I would want cash around the time I made the move.  I would like enough for a 20% down payment, moving expenses, and enough for 6 months of mortgage payments on the existing house.  This way if the house does not sell quickly, you are safe.  As you approach the time it comes to move, you can work backwards on how much time you would need to accumulate that kind of money. Second, this does not have to be an all or nothing kind of thing.  Perhaps you use some of the proceeds to beef up your retirement, some to pay down the mortgage, and some for savings.  You could be very wrong about the market, even so it is a wonderful opportunity to add to your nest egg at such a young age.  My own self prefers to do things in ratios.  In your case I might do 10% of the proceeds in for retirement, 10% for savings, and 80% for mortgage reduction.  (You may want to also add some charitable giving.)   I really like paying down the mortgage.  Not only is it a risk less investment, it reduces your personal risk.


"private investors that don't have the time or expertise for active investment.  This may be known as every private investor. An index fund ensures average returns. The bulk of active trading is done by private institutions with bucketloads of experts studying the markets and AI scraping every bit of data it can get (from the news, stock market, the weather reports, etc...). Because of that, to get above average returns an average percent of the time, singular private investors have to drastically beat the average large team of individuals/software. Now that index ETF are becoming so fashionable, could there be a tipping point at which the market signals that active investors send become so diluted that this ""index ETF parasitism"" collapses? How would this look like and would it affect only those who invest in index ETF or would it affect the stock market more generally? To make this question perhaps more on-topic: Is the fact (or presumption) that index ETF rely indirectly on active investment decisions by other market participants, as explained above, a known source of concern for personal investment? This is a well-covered topic. Some people think this will be an issue.   Others point out that it is a hard issue to bootstrap. I gravitate to this view. A small active market can support a large number of passive investors. If the number of active investors ever got too low, the gains & likelihood of gains that could be made from being an active investor would rise and generate more active investors. Private investing makes sense in a few cases. One example is ethics. Some people may not want to be invested, even indirectly, in certain companies."


">> Darling, if you are not a fan of Hillary (and the current DNC?), than why are you against Trump, who is not even career GOP politician?  > I have already addressed this stupid idea that someone HAS to like one or the other.   Are you serious? Why would you vote for someone you don't like? I would never vote for someone I don't like! I can't believe I have to explain that to you.  Further, why would you even vote for a Party you don't like?  Another question: **I assume you did not vote for Trump. Is it because you did not like Trump?** Do you get why I am asked this question?  > Trump has no idea what he's doing.  Absolutely not true and total fake news.  Let's start with Hillary, who has been in politics for 30 years and even secretary of state: does she know how to handle e-mail(s)? Does she know how to handle Russia? Does she know how to handle Benghazi? Can you tell me of one ""accomplishment"" by Hillary in her long service?  Back to Trump: he's very smart, which is mostly to choose the right people to do the work for him. He's correct with his agenda: against TPP, against illegal aliens, against terrorist supporting countries, investing in infrastructure, creating jobs, bringing jobs back to America, replacing the horrendous ObamaCare (AKA ""affordable"" Care Act), etc.  **What action by Trump so far show that he's not smart?** Give me one example, please."


I was raised to expect nothing from anyone. I walked 3 mi to and from my job 5 days a week. Anyway, I don't speak from an ivory tower. I grinded my ass off and kept my head down.  You may be surprised where some grit and determination can get you. Cheers.


Smart parents not wanting to get stuck with a student loan or co-signing on a loan.   because rent is so high Are you able to live with your parents?  Is there anyway to reduce the cost of rent like renting a room?  Can you move somewhere where the rent is cheaper? working 25 hours per week Working 25 hours per week and taking 6 hours is a pretty light schedule.  It is not even 40 hours per week.  What is stopping you from working 40 hours and paying for school from your salary?   In my own life I created a pretty crappy situation for myself when I was a young man.  I really wanted to go to a prestigious university, but ended up going to a community college, and then to a university that was lesser known in a less expensive area.  I had to work like crazy, upwards of 50 hours per week.  I also took a full load in a difficult degree program.   You probably don't have to go to the extremes that I went through, but you can work more.  Most adults work at their jobs well more than 40 hours per week, then come home and continue to work (on the house, raising kids, trying to start a side business, etc...).  So you might as well become an adult now. There are ways to become independent from your parents for FAFSA like have a baby, get married, or join the military.  I'd only recommend the last one as you will also receive the GI Bill.  Another option is to try and obtain a job that offers financial aid.


There is no interest outstanding, per se.  There is only principal outstanding.  Initially, principal outstanding is simply your initial loan amount. The first two sections discuss the math needed - just some arithmetic. The interest that you owe is typically calculated on a monthly basis.  The interested owed formula is simply (p*I)/12, where p is the principal outstanding, I is your annual interest, and you're dividing by 12 to turn annual to monthly. With a monthly payment, take out interest owed.  What you have left gets applied into lowering your principal outstanding.  If your actual monthly payment is less than the interest owed, then you have negative amortization where your principal outstanding goes up instead of down. Regardless of how the monthly payment comes about (eg prepay, underpay, no payment), you just apply these two calculations above and you're set.  The sections below will discuss these cases in differing payments in detail. For a standard 30 year fixed rate loan, the monthly payment is calculated to pay-off the entire loan in 30 years.  If you pay exactly this amount every month, your loan will be paid off, including the principal, in 30 years.  The breakdown of the initial payment will be almost all interest, as you have noticed.  Of course, there is a little bit of principal in that payment or your principal outstanding would not decrease and you would never pay off the loan. If you pay any amount less than the monthly payment, you extend the duration of your loan to longer than 30 years.  How much less than the monthly payment will determine how much longer you extend your loan.  If it's a little less, you may extend your loan to 40 years.  It's possible to extend the loan to any duration you like by paying less.  Mathematically, this makes sense, but legally, the loan department will say you're in breach of your contract. Let's pay a little less and see what happens.  If you pay exactly the interest owed = (p*I)/12, you would have an infinite duration loan where your principal outstanding would always be the same as your initial principal or the initial amount of your loan.   If you pay less than the interest owed, you will actually owe more every month.  In other words, your principal outstanding will increase every month!!!  This is called negative amortization.  Of course, this includes the case where you make zero payment.  You will owe more money every month. Of course, for most loans, you cannot pay less than the required monthly payments.  If you do, you are in default of the loan terms. If you pay more than the required monthly payment, you shorten the duration of your loan.  Your principal outstanding will be less by the amount that you overpaid the required monthly payment by.  For example, if your required monthly payment is $200 and you paid $300, $100 will go into reducing your principal outstanding (in addition to the bit in the $200 used to pay down your principal outstanding).  Of course, if you hit the lottery and overpay by the entire principal outstanding amount, then you will have paid off the entire loan in one shot! When you get to non-standard contracts, a loan can be structured to have any kind of required monthly payments.  They don't have to be fixed.   For example, there are Balloon Loans where you have small monthly payments in the beginning and large monthly payments in the last year.   Is the math any different?  Not really - you still apply the one important formula, interest owed = (p*I)/12, on a monthly basis.  Then you break down the amount you paid for the month into the interest owed you just calculated and principal.  You apply that principal amount to lowering your principal outstanding for the next month. Supposing that what you have posted is accurate, the most likely scenario is that you have a structured 5 year car loan where your monthly payments are smaller than the required fixed monthly payment for a 5 year loan, so even after 2 years, you owe as much or more than you did in the beginning!  That means you have some large balloon payments towards the end of your loan.  All of this is just part of the contract and has nothing to do with your prepay. Maybe I'm incorrect in my thinking, but I have a question about   prepaying a loan. When you take out a mortgage on a home or a car   loan, it is my understanding that for the first years of payment you   are paying mostly interest. Correct. So, let's take a mortgage loan that allows prepayment without penalty.   If I have a 30 year mortgage and I have paid it for 15 years, by the   16th year almost all the interest on the 30 year loan has been paid to   the bank and I'm only paying primarily principle for the remainder of   the loan. Incorrect.  It seems counter-intuitive, but even in year 16, about 53% of your monthly payment still goes to interest!!!  It is hard to see this unless you try to do the calculations yourself in a spreadsheet. If suddenly I come into a large sum of money and decide I want to pay   off the mortgage in the 16th year, but the bank has already received   all the interest computed for 30 years, shouldn't the bank recompute   the interest for 16 years and then recalculate what's actually owed in   effect on a 16 year loan not a 30 year loan? It is my understanding   that the bank doesn't do this. What they do is just tell you the   balance owed under the 30 year agreement and that's your payoff   amount. Your last sentence is correct.  The payoff amount is simply the principal outstanding plus any interest from (p*I)/12 that you owe.  In your example of trying to payoff the rest of your 30 year loan in year 16, you will owe around 68% of your original loan amount. That seems unfair. Shouldn't the loan be recalculated as a 16 year   loan, which it actually has become? In fact, you do have the equivalent of a 15 year loan (30-15=15) at about 68% of your initial loan amount.  If you refinanced, that's exactly what you would see.  In other words, for a 30y loan at 5% for $10,000, you have monthly payments of $53.68, which is exactly the same as a 15y loan at 5% for $6,788.39 (your principal outstanding after 15 years of payments), which would also have monthly payments of $53.68. A few years ago I had a 5 year car   loan. I wanted to prepay it after 2 years and I asked this question to   the lender. I expected a reduction in the interest attached to the car   loan since it didn't go the full 5 years. They basically told me I was   crazy and the balance owed was the full amount of the 5 year car loan.   I didn't prepay it because of this. That is the wrong reason for not prepaying.  I suspect you have misunderstood the terms of the loan - look at the Variable Monthly Payments section above for a discussion.   The best thing to do with all loans is to read the terms carefully and do the calculations yourself in a spreadsheet.  If you are able to get the cashflows spelled out in the contract, then you have understood the loan.


"The point here is actually about banks, or is in reference to banks. They expect you know how a savings account at a bank works, but not mutual funds, and so are trying to dispel an erroneous notion that you might have -- that the CBIC will insure your investment in the fund.  Banks work by taking in deposits and lending that money out via mortgages. The mortgages can last up to 30 years, but the deposits are ""on demand"". Which means you can pull your money out at any time.  See the problem? They're maintaining a fiction that that money is there, safe and sound in the bank vault, ready to be returned whenever you want it, when in fact it's been loaned out. And can't be called back quickly, either. They know only a little bit of that money will be ""demanded"" by depositors at any given time, so they keep a percentage called a ""reserve"" to satisfy that, er, demand.  The rest, again, is loaned out. Gone.  And usually that works out just fine. Except sometimes it doesn't, when people get scared they might not get their money back, and they all go to the bank at the same time to demand their on-demand deposits back. This is called a ""run on the bank"", and when that happens, the bank ""fails"". 'Cause it ain't got the money.  What's failing, in fact, is the fiction that your money is there whenever you want it. And that's really bad, because when that happens to you at your bank, your friends the customers of other banks start worrying about their money, and run on their banks, which fail, which cause more people to worry and try to get their cash out, lather, rinse repeat, until the whole economy crashes. See -- The Great Depression.  So, various governments introduced ""Deposit Insurance"", where the government will step in with the cash, so when you panic and pull all your money out of the bank, you can go home happy, cash in hand, and don't freak all your friends out. Therefore, the fear that your money might not really be there is assuaged, and it doesn't spread like a mental contagion. Everyone can comfortably go back to believing the fiction, and the economy goes back to merrily chugging along.  Meanwhile, with mutual funds & ETFs, everyone understands the money you put in them is invested and not sitting in a gigantic vault, and so there's no need for government insurance to maintain the fiction.  And that's the point they're trying to make.  Poorly, I might add, where their wording is concerned."


http://www.guardian.co.uk/news/datablog/2012/oct/16/tax-biggest-us-companies-uk#zoomed-picture  Has a nice infographic (and an actual infographic, not merely a diagram or picture as too many people on this sight seem think infographics are) on a bunch of large US companies with their turnover, net profits tax paid and percentage of net profit paid as tax.


It's an old problem that extends from intellectual property rights which were designed around inventions and patients. Given the current popularity of the 'mash-up' generation that sees value and merit in using part or most of anothers work and calling it original, there is a large disconnect when it comes to where and how usage should be permitted. The laws governing this particular publication depend on when it was published, what was precedent then and what addendums have been added in between.


"Hmmm... Maybe you didn't. I'll concede that. But being a mod is irrelevant. Maybe being on mobile fucked me, or my eyes are finally going.   Now.   >how in my original comment, pointing out a difference between ""making money"" and ""turning a profit"" displays my ignorance of the distinction between revenue and profit.  First, ""making money"" means profitability. If I spent 50 grand on widgets and sold them all for a dollar, did I ""make money?"""


Although I have not tried, you can check out the Western Union Money Transfers. http://www.westernunion.com/WUCOMWEB/staticMid.do?method=load&pagename=serviceToBank


"In most parts of the US, even the more expensive parts, a $100k income can afford the rent or mortgage on a reasonably safe* 2-3 bedroom home within an hour commute of your work, plus the means to commute, plus health insurance, plus retirement savings, plus at least some discretionary income (i.e., choice between living in a nicer neighborhood, eating out more often, buying brand-name apparel, etc). In some places, $100k affords a very comfortable lifestyle, with plenty of savings.   A lot of people who live in or around big, expensive cities think it is outrageous that their $100k income doesn't get them a designer apartment, a wardrobe full of fitted suits, eating out twice a week, two overseas vacations per year, etc. They confuse not having a Hollywood lifestyle, with being poor. Those are some of the most obnoxious people in the world.   *because this post is sure to draw the ire of some privileged people who think that ""reasonably safe"" means top 5%, I will offer the definition of ""reasonably safe"" as one of the top three quintiles of US zip codes with lowest violent crime rates per capita."


What? I think you're really confused.  ~1946 - ~1964 is the Baby Boomers.  All of the policies that were put in place that led up to first the .COM bubble and then the housing bubble, took place in the late 80s and through the 90s. Most of Gen X was somewhere between their late 20s/early 30s (for the oldest) and elementary school (for the youngest, born in 81/82). The small percentage of that group that was even out of school during those years was very likely in their first few years on the job. Even while the events eventually transpired (2000-2008), most of Gen X was still either in school, or in their first few years on the job (the very oldest of them was around 40, and finally at a point where they could start being considered as middle-managers).  Only now, in 2012, are we finally starting to see the bulk of the power starting to shift, as the Baby Boomers finally begin to retire, and Gen X starts taking their place. In all actuality, the collapse in 2008 could turn out to be the line in the sand where the Boomer rule ended, and Gen X took over. In 15 years, if things have gotten worse, then we can all get back together and blame Gen X...but as far as the mess we're in currently? That's the Boomers.


There's a cool calculator at Money Chimp that lets you plug in a start and end year and see what the compound annual growth rate of the S&P 500.  The default date range of 1871 through 2010 gives a rate of 8.92% for example. Something you need to take into account when comparing returns to a whole life policy is what happens to the cash value in your policy when you die.  Many of these policies are written so that your beneficiaries only get the face value of the policy, and the insurance company keeps the cash value.


The thing you need to keep in mind is that if you take on debt, you need to have a plan to pay it off and execute on it.  You also need to understand what your carrying cost is (what you will pay in finance charges every month.)  There are times when you need to take on debt in order to be a productive person.  For example, in many places in the US, you need a car in order to have a job.  It's ludicrous for someone to assert that you shouldn't take on any debt in order to get a reliable vehicle.  That doesn't mean you go out and lease the fanciest car that you can get on your income. In this case, I'd say it's a bit of a grey area.  Could you live in an unfurnished apartment for a while?  Perhaps.  Many people would have a hard time living like that and it could affect your ability to perform at work.  I would argue that buying a decent mattress to sleep on falls under the same category as getting a car so that you can work.  You don't want to be missing work because your back is in spasm from sleeping on the floor or a worn out mattress. As far as the rest of it goes, it really depends on how fast you can pay it off.  If you are looking at more than a few months (6 tops) to pay off the purchase in full, you should reassess.  Realize that the interest you are paying is increasing the cost of the furniture and act accordingly.  As mentioned, you can often get 0% financing for a limited period.  Understand that if you don't pay off the entire balance in that period, you will normally be retroactively charged interest on the entire starting amount and that interest rate will likely be quite high. The problem with credit is when you start using it and continually growing the balance.  It's easy to keep saying that you will start paying it off later and the next thing you know you are buried.  It's not a big one-time purchase (by itself) that normally gets people into trouble, it's continual spending beyond their means month after month.


There are lots of reasons for the differences in price. Can you go to (a) bank, (b) forex bureau and (c) central bank and post back both bid and offer prices at a given time so we can consider the spread? What you've said above for (a) and (b) are presumably USDGHS offer prices, because they are higher than the (c) central bank price. If a bank or bureau bid price was higher than the central bank offer price then you could buy GHS from the central bank and then sell them to a bureau for a higher price, an almost no risk arbitrage, other than the armoured car to deliver the funds from central bank to bureau. What you've posted is: (a) a bank will sell you 1 USD for 3.4 GHS (b) a bureau will sell you 1 USD for 3.7 GHS (c) we can see the bid/offer for central bank is 3.1949/3.1975 which means the central bank, if you have an account, will sell you 1 USD for 3.1975 GHS. You clearly want to buy USD from the central bank, then the bank, then the bureau. Anyway, the reason for these differences is all to do with liquidity conditions in the local areas, the customer types, and the frequency of orders versus inventory... Think about it. The central bank has the most frequency of orders and the biggest customers so it offers the lower price, then the bank, and then the bureau. I think the bureau is the worst price there... You have to explain further :)


I can make withdrawals immediately, 2x per month. I wasn't told the money would be tied up. And also, although it doesn't count for much, I'd like to trade under a formal prop firm just so I could put it on my resume, people wouldn't put much weight on performance in a retail account. Atleast, I don't believe so, I could be wrong


You are describing a situation that is different, than what the video presented.  The video is mainly pointing out concentrated wealth.  Sure, what you are doing to retire early is good.  However, if you get to the point where you start to be a hoarder of wealth; then, you become part of the issue.


Go with a Vanguard ETF.  I had a lengthy discussion with a successful broker who runs a firm in Chicago. He boiled all of finance down to Vanguard ETF and start saving with a roth IRA. 20 years of psychology research shows that there's a .01 correlation (that's 1/100 of 1%) of stock/mutual fund performance to prediction. That's effectively zero. You can read more about it in the book Thinking Fast and Slow. Investors have ignored this research for years. The truth is you'd be just as successful if you picked your mutual funds out of a hat. But I'll recommend you go with a broker's advice.


If anyone from Atari is reading this.  Make an idiot proof box like the Nintendo classic that has all of your classic library on it.  Make it Wi-Fi enabled.  Allow other player to connect their console to yours to be player 2+.  Include things like native twitch / YouTube streaming.


Should I have a W-2 re-issued? A W-2 can be corrected and a new copy will be filed with the IRS if your employer incorrectly reported your income and withholding on a W-2 that they issued. In this case, though the employer didn't withhold those taxes, they should not reissue the W-2 unless they plan to pay your portion of the payroll taxes that were not withheld. (If they paid your share of the taxes, that would increase your gross income.) Who pays for the FICA I should have paid last year? Both you and your employer owe 7.65% each for FICA taxes. By law your employer is required to pay their half and you are required to pay your half. Both you and your employer owe additional taxes because of this mistake. Your other questions assume that your employer will pay your portion of the taxes withheld. You employer could decide to do that, but this also assumes that it was your employer's fault that the mistakes were made. If you transitioned to resident alien but did not inform your employer, how is that your employer's fault?


"When I was getting my Business Admin degree, WFM was the hot thing because of the current ""green revolution"" and I had tons of access to management at all levels because of my job. So I pretty much built all the work on my degree around them. Nothing quite like having interviews with regional buyers and store managers as a primary source on a paper or project.  Quite frankly, I think Mackey was pretty much just lucky. Most of the people I interacted with while I worked there had zero sense when it came to any sort of long term strategic positioning within the industry (which is why the activist investors have been pushing to get Mackey to sell). Now that they've actually begun to have competent competition, the cracks have really started to show.  Honestly, instead of trying to expand at a breakneck pace like they started to five-seven years, they should have looked internally and instead begun to examine all the cost-saving measures they could on their supply-chain, management structure, and IT systems while they were the darling of both consumers and the markets, and had the profits. Instead, they attempted to triple the size of the business in just a decade (funded by increasing the prices of their products even more), and really destroyed all the cultural goodwill they had going for them. Then they started expanding into areas that weren't as affluent, trying to do these longshot deals with no cohesive strategy other than ""people like us, they'll show up.""  Seven or eight years ago, people were excited when they heard I worked for Whole Foods, and wanted to ask me a million questions. Now they find out I worked at Whole Foods and they're just like ""Fucking A that place is insanely expensive, and all the employees seem miserable."""


I recently bought a stock -  which was priced exactly as your question ponders, to the 1/100 cent. I happened to buy 2000 shares, but just a round lot of 100 would be enough to create no need for rounding.  It's common for industry to price this way as well, where an electronic component purchased by the thousands, is priced to the tenth or hundredth of a cent.  There's nothing magic about this, and you'll have more to ponder when your own lowest unit of currency is no longer minted. (I see you are in UK. Here, in the US, there's talk of dropping our cent. A 5 cent piece to be the smallest value coin. Yet, any non-cash transactions, such as checks, credit card purchases, etc, will still price to the penny.) To specifically answer the question - it's called decimal currency. 1/10, 1/100 of a cent.


Disclaimer: I am not a tax professional. Please don't rely on this answer in lieu of professional advice. If your sole source of Arizona income is your commercial property, use the number on line 17 of your federal form 1040. This number is derived from your federal Schedule E. If you have multiple properties (or other business income from S corporations or LLCs), use only the Schedule E amount pertaining to the AZ property.


Look at morningstar holdings.It will list the top 25 holdings and their current price.This will give you a good idea of the intra-day price of the fund.


The problem with fighting Net Neutrality is the name ‘Net Neutrality’ itself. It means nothing to the common person and requires effort to illicit a response. It’s a branding issue. Whenever politicians wants to slip some miserable piece of legislation through they wrap it in ‘Freedom for all Americans’ bill. We need to play dirtier and call this ‘INTERNET DEATH’ or ‘FREE HD PORN REMOVAL’ if we want people to pay attention.


You know that you'll get benefits for shopping at Whole Foods if you're a Prime member, meaning you'll have to have some mechanism to indicate your membership while you're at the Whole Foods checkout counter....  The only reason you're not getting on all the mailing lists Amazon just knows they can get more money from you by carefully using and selling your information rather than dumping it wholesale.


Lobbyists encourage legislators to add clauses to bills that help their clients save money on taxes or avoid taxes.  The income tax on hedge fund managers is a good example of that.    Some lobbyist actually craft the legislation and then give it to the legislator to get passed.    In the case of Manafort he may be responsible for the mysterious disappearance of a plank in the GOP platform.  There was a plank calling for the arming of the Ukrainians which Putin and Viktor Yanukovich wanted removed.  It was removed and nobody claims to know how it happened.


Essentially obamacare act is forcing me NOT to claim my sister as my dependent (although I provide > 51% for her).  No, that's not what it's doing. It's forcing you (or her) to get insurance. So, as a big sister I can provide for her, but NOT claim her as my dependent. Do I understand everything correctly?  The exemption (that gave you that $1K back) can only be claimed by you, she cannot claim it. So by not claiming her you're giving that up. Her medical bills will probably be on you as well, so it would be in your best interest to have her insured. If you want to dump her on the taxpayer in case of a medical emergency - then yes, it will cost you the tax benefit of the additional exemption and the HOH deduction (depending on your tax rates, probably a couple of thousands of dollars). Either way you'll pay.


"Depending on where you live in the UK, buying a house sooner might be a better option. I would echo the advice about putting some money away into a ""rainy day"" fund etc. above but I know that in my area house prices are going up by around 7% per year. I bought a house two years ago and I'm paying 4% interest on my mortgage so I'm effectively making money by owning my house.  Given that you want to buy a house soonish, if your money sits in an account somewhere making no interest, you're effectively losing 7% of your cash each year by not keeping up with house prices, meaning you'll be able to afford a smaller house with the same money. Do bear in mind though that buying a house costs around £4k in lawyers fees, surveys, mortgage setup fees etc. and selling a house can be more since estate agents will take a % of the sale cost. If you live somewhere where house prices are not increasing as quickly then this will not be as good an option than if you live in e.g. London where house prices are currently skyrocketing. If you don't want to live in the house, you may be able to do a buy-to-let as an investment. Generally the rent will cover the mortgage payments and probably a letting agent/property management company's fees, so while you won't see any actual net income, the people renting will be paying the mortgage off and you'll be building equity on the home. It's not entirely without risk though as tenants can trash homes etc."


Imagine that the existing interest rate is 5%. So on a bond with face value of 100, you would be getting a $5 coupon implying a 5% yield. Now, if let's say the interest rates go up to 10%, then a new bond issued with a face value of 100 will give you a coupon of $10 implying a 10% yield. If someone in the bond market buys your bond after interest price adjustment, in order to make the 10% yield (which means that an investor typically targets at least the risk-free rate on his investments) he needs to buy your bond at $50 so that a $5 coupon can give a 10% yield. The reverse happens when interest rates go down. I hope this somewhat clears the picture. Yield = Coupon/Investment Amount Update: Since the interest rate of the bond does not change after its issuance, the arbitrage in the interest rate is reflected in the market price of the bond. This helps in bringing back the yields of old bonds in-line with the freshly issued bonds.


He wasn't being condescending in his original reply. Not until you started being aggressive. Like you are to me.  It must be tough to go through life like you do, throwing accusations and bile at people for nothing more than disagreeing with you.  Good luck!


> That's not how business works.  businesses have to follow regulations and laws. that is actually *exactly* how it works.   >  Economics doesn't work that way.  businesses have to follow regulations and laws. that is actually *exactly* how it works.   it seems you have no grasp of basic economics, this is no more intrusive than affirmative action. I can only assume you are trolling at this point. no one is this dumb.


">I don't see how employing more middle class workers would accelerate, say, the microprocessor research leading to better phones.  Seriously? You don't see how more money in the hands of poor people and middle class people wouldn't accelerate a luxury commodity market? You don't see how more and more people would buy more expensive phones rather than the bare necessities if they had the means? I'm not talking exclusively about the middle class, btw, but also about the poor.  In fact the mobile phone market is a great example of this, because it's a product that people only tend to have one of. Even the richest people aren't going to consume that many, as long as they have the newest, best phones. The richest 10% is not enough to make up for the rest of the market who own used or outdated phones. Wealth redistribution would almost certainly ensure a boom in the phone market, since they'd be able to afford to upgrade their phones more often, and buy the better models when they do come out.  >I also don't see how we are at a point in resource distribution that only the rich can afford things. As far as I can tell, poor people have a tremendous amount of wealth compared to the poor of 500 years ago or even 100 years ago.  For 100-500 years, you're probably right. But I'm not talking about the last 100 years, I'm talking about the last 30-40 or so. Every statistic I've seen indicates that the middle class and poor's purchasing power has stagnated severely while the rich have continued to rise, and it's put enormous economic strain on the middle and lower classes.  >What would a ""stronger economy"" do? Use more fuel? Produce more knicknacks for consumers to waste money on?  Provide better quality of life for its citizens. That's the whole point of the economy. Right now it's not doing that, it's broken. That's why we need to fix it."


Pretty cool that they are finding talented young people to lead things.  Also I spit out my drink when I read this part.  > Kraft Heinz, known more for slashing costs than nurturing brands, has tried to update its portfolio to meet changing tastes, adding organic Capri Sun and removing artificial ingredients from Oscar Mayer hot dogs. But growth has been elusive.


"I think that's the point. There's nothing wrong with the ""pink slime"", and ABC tried to make it sound bad for the ratings.  It's hard to say which side is right in this kind of case.  It would be a shame if news shows shy away from saying bad things about products, but it's also a shame if news shows report misinformation and pander to consumer fears just for ratings, and crush a legitimate business in the process."


> isn't the political will to accomplish it  Or the will is bought off very quickly.  BTW, what do you mean by dark markets? If you mean unlisted investments then that happens regularly with PE type deals anyway. If you mean private arrangements like the GS clearing house (forget the name), then yes that shit needs to die.


For those who are interested, I am answering my own question: We used Postbank and transferred 6000 Euro, we chose to Transfer in US$, and selected Shared Fees. There were three fees in total: All in all, I paid ~37$; this is about half of what I expected; and I got a perfect exchange rate. Postbank might have its downsides, but it seems they are still a good deal.


You should ask your broker of choice for paperwork to move funds to them. You can't move into an account that doesn't exist, so when I wanted to move my money from an old pension plan to an IRA I set up the IRA with the broker first. When I told them it was to receive this money, they weren't asking for any initial deposit. You then have a broker and account number to give the old company to set up the move.


This. Why not convert the 50k euro to dollars and AUD, and invest in a basket of companies that trade on American/Australian exchanges instead. You could hold a bit of gold, but I would definitely not put everything into gold.


It is, even when we were bidding major projects we could pretty much guess who was going to get the contract before hand. We only put bids in on the ones we might not win because often times the major project would get broken up into several smaller ones because one manufacturer couldn't produce fast enough, or didn't have  enough stock for the client's entire job.  Our major projects guys had inconsistently difficult jobs, one month they would be in the office until midnight. The next month they would be playing golf at 2pm on a Wednesday.


A restatement of the other answers in terms to understand the logic of an acquirer that kills it's acquisition target:  Often the target company is told they are a strategic asset, but the acquiring company knows either utilizing them or killing them are both desirable outcomes.  So the acquiring company will often make an effort to utilize them, but since everyone knows killing them is still a win, the incentives aren't totally aligned for the new owners to give it their best effort.


"You'll have to research the Canada side of things on your own or maybe someone else can answer that side. For the Germany side, there is a gift tax (Schenkungssteuer) which depends on the relationship (Verwandschaftsgrad) of the giver and receiver. steuerklassen.com has an overview here which shows the tax class (Steuerklasse) and tax free amount (Freibetrag). So according to the overview, nieces get 20 000 € tax free amount, anything over 20 000 € within 10 years from the same gift giver will be taxed with tax class 2, which can range from 15% to 43% depending on the gifted amount. The full article is here It also mentiones a few ""tricks"" for example if you want to gift 40 000 € to your niece, you could gift 20 000 € directly and 20 000 € to your brother or sister who then gifts it to their daughter - you'll have to trust them to do that, though, because you can't put that in a contract. Bottom line of this: If you want to gift more than 20 000 €, your niece should contact a tax advisor (Steuerberater).  About the bank transfer: Your niece will have to declare any bank transfers over 12 500 € that she receives. Her bank will know how to do that so she should just ask them. It also might be helpful for her to have a letter from you stating that the money came from you and is a gift, just in case the tax office (Finanzamt) doesn't believe that the money isn't from moonlighing (Schwarzarbeit)."


Yea I don't know why they just don't raise the minimum wage to 50 an hour then everyone can afford to live anywhere and there will be no negative unintended consequences of well-meaning but poorly thought out legislation!


One thing you didn't mention is whether the 401(k) offers a match. If it does, this is a slam-dunk. The $303 ($303, right?) is $3636/yr that will be doubled on deposit. It's typical for the first 5% of one's salary to capture the match, so this is right there.  In 15 years, you'll still owe $76,519. But 15 * $7272 is $109,080 in your 401(k) even without taking any growth into account. The likely value of that 401(k) is closer to $210K, using 8% over that 15 years, (At 6%, it drops to 'only' $176K, but as I stated, the value of the match is so great that I'd jump right on that.) If you don't get a match of any kind, I need to edit / completely rip my answer. It morphs into whether you feel that 15 years (Really 30) the market will exceed the 4% cost of that money. Odds are, it will. The worst 15 year period this past century 2000-2014 still had a CAGR of 4.2%.


"Assuming nothing here helps, here are some thoughts. First, If Principal Financial knows the 401k was rolled over to an IRA, then it must have been a custodian-to-custodian transfer, which means they need to know who the recipient custodian was, so I'd call them back and push a little harder. Next, they couldn't have just created an IRA out of thin air and moved some money into it without some paperwork and signatures from you, so you should have copies of that paperwork. Principal may also still have archived copies of that paperwork, that they may be able to provide to you, although they'll probably charge for that service. Also, there would have been tax reporting around the rollover. For the year the rollover occurred in, you would have received a 1099-R and 5498. The 1099-R would have to have been reported on your federal (and possibly state) income tax for that year. It may be possible to obtain copies of old 1099-R's from the IRS, maybe call them and ask. In subsequent years, you should have received at least a year-end statement. If you don't have any of that, and contacting Principal and the IRS don't help, then I'm not sure there's much that anyone can do to help you. As far as I know, there's no ""universal clearinghouse"" for IRAs, and there are a lot of IRA custodians. I would expect you to receive a year-end statement from the custodian for 2015 sometime in early 2016, so maybe just wait for (and watch for) that. And take this as an object lesson that you need to keep better track of your finances. No one's going to do it for you (unless you pay them a bunch of money)."


Stock prices are set by supply and demand. If a particular stock has a high EPS, say, $100, then people will bid more for that stock, driving up its price over one with a $10 EPS. Your job as an investor is to find stocks with low share prices, but which will give you high earnings (either in dividends, our future share price). This means finding stocks which you believe the market has priced incorrectly, for whatever reason (as an example, many bank stocks are being punished right now, even if the underlying banks are in good shape financially). If you want to beat the market indices, be prepared to do a lot of research, because you're trying to outsmart the market as a whole.


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