I would strongly encourage you to either find specifically where in your written contract the handling of early/over payments are defined and post it for us to help you, or that you go and visit a licensed real estate attorney. Even at a ridiculously high price of 850 pounds per hour for a top UK law firm (and I suspect you can find a competent lawyer for 10-20% of that amount), it would cost you less than a year of prepayment penalty to get professional advice on what to do with your mortgage. A certified public accountant (CPA) might be able to advise you, as well, if that's any easier for you to find. I have the sneaking suspicion that the company representatives are not being entirely forthcoming with you, thus the need for outside advice. Generally speaking, loans are given an interest rate per period (such as yearly APR), and you pay a percentage (the interest) of the total amount of money you owe (the principle). So if you owe 100,000 at 5% APR, you accrue 5,000 in interest that year. If you pay only the interest each year, you'll pay 50,000 in interest over 10 years - but if you pay everything off in year 8, at a minimum you'd have paid 10,000 less in interest (assuming no prepayment penalties, which you have some of those). So paying off early does not change your APR or your principle amount paid, but it should drastically reduce the interest you pay. Amortization schedules don't change that - they just keep the payments even over the scheduled full life of the loan. Even with prepayment penalties, these are customarily billed at less than 6 months of interest (at the rate you would have payed if you kept the loan), so if you are supposedly on the hook for more than that again I highly suspect something fishy is going on - in which case you'd probably want legal representation to help you put a stop to it. In short, something is definitely and most certainly wrong if paying off a loan years in advance - even after taking into account pre-payment penalties - costs you the same or more than paying the loan off over the full term, on schedule. This is highly abnormal, and frankly even in the US I'd consider it scandalous if it were the case. So please, do look deeper into this - something isn't right!


I grew up with records.  I hated them.  I still hate them today.  Spend big money on some music and have it wreaked by bumping the needle.  This was common in the past.  The bad old days are still the bad old days.


Thanks for the link.   The way I interpretet is like this:   IPOs are underpriced to make sure they will sell all the shares to the market, avoiding lose of face. (short term andslide 4)  But that doesn't mean it is a good investment in the long run, because these companies have their reasons to go public, and one of those reasons could be that they think the market is overpricing stocks (long term and slide 5)   There are of course other reasons, one of them to finance the business.  By the way, I think the data is heavily skewed because of the dotcom crash, but interesting nonetheless.


"For starters like some other people have said, just talk to someone in IB and get some advice on how to break in, and what it's really like. I've spoken to people in IB and learned that it's really just not going to be for me...In response to your four questions,  1.  Get your degree at DePaul and wait a few years to get your masters. You don't need an MBA for IB and it'll be a lot harder to go to a prestigious grad school without significant work experience and a solid network  1. It definitely wouldn't hurt for you to double major in CS, but if you do, you're going to have to keep your grades up, and still stay sharp in both majors. You don't want to have a 3.0 and have both, it'll kill your chances. You're going to need at LEAST a 3.8, if you're under that it's gonna be a lot harder to get anywhere.   1. If there are other industries you want to turn to then sure! I used to be interested in IB but now I'm leaning more towards private equity, and working with Reg D. clients, 1031 exchanges etc.   1. NETWORK!!!! If you aren't already, seriously get out there and network like hell. But don't just cold call random people, you really need to make meaningful connections with people, and continue to stay in contact with them. You can also learn a lot from WSO and various IB books, guides etc, I have a bunch of that stuff on my google drive from a friend if you want it.   And some general tidbits  **Don't stress about the school you go to**...going to a prestigious school really does help, but if you work hard enough, make the right connections and are good at what you do, you can land a role in IB. I know several people that have gone into IB from my school and I would consider us maybe a Grade C state school. It's possible  I'd also recommend looking more at a boutique and middle-mark companies rather than your Bulge Bracket banks, it'll have less competition and could be easier to break into, and like some other people are said you really need to get that junior year internship if you want to make it into IB. But if you can't get into IB right after school don't fret, go somewhere, get some experience, get your certifications (Series 7, Series 63 etc) and try again.  **Know your technicals** you need to be able to walk through a DCF, an LBO and all of the financial statements in an interview. There are billions of guides on how to do this, but you need to know this.  **Stay on top of current events** Just be well versed in how the market is doing, which industries are hot right now and what's not, and WHY!  **Know your story** Believe it or not, but your story and how that aligns with a companies culture is really important. I have a friend that didn't make it into a certain firm solely because they just didn't think he was a good enough fit for their culture. ""I want to make a lot of money"" won't work, instead think more along the lines of ""I want to challenge myself""  Good luck man"


I'm not an expert in the field, but I'm pretty sure they *do*, its just that the customers arent us, but rather the landlords/cc companies/car dealerships/etc. who pay them for credit checks. Those parties do choose to do business with them and have alternatives.


Letting the free market run its course, so the best, most efficient product that's best for consumers will prosper. What an **awesome** idea.  But alas, this is Reddit where they complain about SOPA/PIPA and the NDAA but believe in voting in lawmakers that want to expand the governments role in private enterprise/life.


You are not limited in these 3 choices. You can also invest in ETFs, which are similar to mutual funds, but traded like stocks. Usually (at least in Canada), MERs for ETFs are smaller than for mutual funds.


What secular religious wannabe non-sense. Sure some things are random and you have the same chance as the next guy all other things considered equal, but the chances of all other things being equal is nil to zero. Luck is an illusion of probability, and it's better to shape those odds in your own favor than not. You say as much in your post, so why even argue with me about it?


Lets make some assumptions. You are not close to retirement.  You have no other debts.  You have a job.  You have no big need for the money.   You should invest that.  Do not invest with a bank, they are not as competitive on fees as a brokerage account. You can get specific answers that are different from every person, (so you should dig in and research a lot more if you care (and you should).  Personally, I would suggest you open an account with one of the low cost providers. Then, with that new investment account, put your money into a target retirement account.  File your statements away and tend to it once a year.  (Make sure it is there, that you can access it, that nothing alarming is going on).  You certainly have enough to start an investment account.  If you want to get more into it, ask a phone adviser what you should open. Finally, before you start investing, make sure you follow the advice of radix07 and have no debt, saving the most you can for retirement. A rule of thumb is your money will double every 72 months. Congratulations, you are a saver.  Investing isn't for you as the risk of investing is in conflict with your desire to preserver you money. Open a savings account or high interest checking account with a credit union, online only or local community bank.  Shop around no the web for the highest interest.  Don't get your hopes up though, the highest rate you see (that doesn't have strings attached) won't be much here late summer of 2012.


Permanent employees are the distinct opposite of contractors. Upwork can easily have business entities (limited liability company equivalents) in multiple countries, and it can make payments between them. Or they can merely use existing payment infrastructure (paypal, amazon) to accomplish the same thing. Their corporate structure is a red herring and most likely unrelated to what they've accomplished.


According to the gnucash guide, losses are recorded as negative transactions against Income:Capital Gains.  I've followed this model in the past when dealing with stocks and commodities.  If on the other hand, you're talking about an asset which could normally follow a depreciation schedule, you might want to look at the section in the business guide dealing with asset depreciation.


With enough money in the emergency fund to get rid of the car and still have a cushion, I would definitely get rid of it, as the car is not needed. Your car is only going down in value, which makes the current setup even less desirable. In essence, you are paying over $300 a month for something that, every month, is worth less and less. Since you are paying over $300 a month and it will take about $3000 from your emergency fund to get rid of the car, if you start putting that $300+ back in the emergency fund, in a mere 10 months you will have replenished the emergency fund.


I haven't seen anyone mention tax considerations and that's why I'm answering this. The rest of my answer is probably covered in the aggregate of other responses. Here's how I would look at this in a taxable (not an IRA) account: This could be an opportunity to harvest the tax losses to offset taxable gains this year or in future years. Unless I have compelling reasons to believe that the price will recover by at least (Loss% x ApplicableTaxRate) in the next 31 days then I would take the known - IRS tables - opportunities over the unknown. Here's what I would consider for all accounts: Is this the most likely place to earn a good return on my money and is it contributing to a strategy that fits my risk tolerance? You might need to get some emotional distance from the pain to make this determination objectively. As you consider your trading and investment strategy going forward consider that when it hurts and you have to pull yourself up by the bootstraps to think clearly about your situation, you were most likely trading with too much size for you in that particular position. I'm willing to make exceptions to that rule of thumb, but it's a good way to use the painful losses as a gut check on how your strategy fits your real situation. P.S. All traders experience individual losses that hurt and find their way to the most suitable strategies for them through these painful experiences.


The simple truth is, that the one that had to the most to gain is the one responsible and all else is misdirection.  So who gained the most and who actually had the ability and motivation to pull it off?  Lets see . .Zukerberg runs face books . . . he is a jew  Donald Trump's bankrupt son in law, kushner, is now in the White house call he shots in the middle east deal and his family making money from the influence . .they are jews  Israel is happy with their new F-35s, a promise to relocate the US embassy to Jerusalem, a hard line against Iran, that Nathanyahu keeps grinning like a jack ass . .they are jews  The Jews long lost calf worshiping Indian cousins are now the darling of America.  So getting this imbecile Donald trump in the White house has benefited the Jews the most and he has been bankrupt a number of times so he is surely their bitch on a long term basis.  They have control of the media as well as the Fed and the Treasury.  So they had the means, the motivation, benefited from it and put the blame of putting the biggest monkey that America could find in the White house on Russia, which never had the means to rig the election.  And we all know who controls all the Big media houses and manages public perception   Finally, if you want to lose your account, go down to /r/worldnews and just say something anti-Israel and your are done.  But . .It was obviously the Russians


Ok go ahead and make a site like this and see how it does. Realistically nobody wants to sacrifice their own internet browsing speeds to remove a couple of skippable & blockable ads. It'd be great if gigabit fiber was available nationwide, but it isn't even close. 30% of households still have DSL. Your tech solution relies on building blocks that don't exist, and compromises that people don't want to make.   Changing stuff over to P2P would require a massive infrastructure investment alongside with a rethinking of common web development principles. Before you go trying to reinvent the wheel, learn what pi is.   The ad-based model works. The subscription-based model also works. Many sites are switching to a combination of the two. Servers allow for centralized updating of your content. The only broken thing is that ads aren't perfectly targeted to individual users, which is changing. If you don't want to see any ads, pay the website a subscription.


"You might want to read about about the Coase Theorem.  ""In law and economics, the Coase theorem, attributed to Ronald Coase, describes the economic efficiency of an economic allocation or outcome in the presence of externalities. The theorem states that if trade in an externality is possible and there are no transaction costs, bargaining will lead to an efficient outcome regardless of the initial allocation of property rights. In practice, obstacles to bargaining or poorly defined property rights can prevent Coasian bargaining."" This is similar to what you are asking. Each country has an endowment of gold, and they must create a set amount of money to represent their endowment of gold. This will establish an exchange rate. If I have 5 tons of gold and you have 5 tons, and I print 10 dollars and you print 20, then one of my dollars is worth two of your dollars.  Thus, the amount of money is not relevant-  it's the exchange rate between the countries. If all the nations know each other's gold endowment, then we will have a perfect exchange rate. If we don't, then currency printing will vary but arbitrage should drive it to an accurate price.  Gold and diamonds are both valuable in part due to scarcity, but gold has been used as a measure of value because it's been historically used as a medium of exchange. People just realized that swapping paper was safer and cheaper than physically transporting gold, but the idea of gold as a measure of value is present because ""that's how it's always been."" Nobody ""creates/supervises"" these procedures, but organizations like the IMF, ECB, Fed Reserve, etc implement monetary policy to regulate the money supply and arbitrage drives exchange rates to fair values."


Why would such a large discount make business sense to the restaurant? The legit reasons could be;   Or can I assume that the restaurant is trying to avoid leaving a paper trail so that they could avoid paying tax? The illegal reasons could be;


"Hit you local library and pick up a copy of ""Critical Business Skills for Success"" by The Great Courses.   It's a 30 hour audio book, but is an amazing business crash course. I wish I would have found it before trying (and failing) my own business."


I think you can. I went to Mexico for business and the company paid for it, so if you are self employed you should be able to expense it.


I don't know when you last returned something at Walmart, but waiting in that line can take up to a half hour. This is a big deal IMO, especially since Amazon has a crappy return policy compared to Walmart.


">Of course; the generation Xers are those in the age range where many were approaching the time when they would, but had not yet, transferred the bulk of their retirement savings to lower risk investments.  **Your analysis is WAY off-base.**  Gen X was more than a DECADE AWAY from even *thinking* of switching to ""lower risk investments"".  The OLDEST Gen X'ers were born in 1964 and have (just now) turned 48 -- they were (at most) 44 years old in 2008 when the market crashed.  The YOUNGEST Gen X'ers were born circa 1981-82, and (just now) have reached age 30 -- they were just getting started in their careers (around age 26) in 2008 when the market crashed.  The MAJORITY of Gen X'ers were -- in 2008 -- in their mid 30's.  NO ONE switches to ""low risk investments"" in their mid 30's.  ---  No, the only Gen X'ers who DIDN'T get ""screwed"" by the market crash were either:   1. Savvy enough to have SEEN the bubble & crash coming and so got OUT of the stock market and/or housing; or...  2. Waited out the storm & sat tight -- and allowed their market holdings to both crash and then rebound (though they would still largely be ""down"" from where they were at peak 2008, they wouldn't have suffered huge losses)."


Take a look inside of most food manufacturing facilities, and you will have a similar opinion. You ever eat at Mc Donalds? Guess what, same kind of shit going into those patties. The only reason that you say you wouldn't feed it to a dog is likely because of the things that the media was saying about it at the time it was being reported on. Hence, the lawsuit.  Not trying to bash, but seriously, this is not an isolated incident of a company using things that people wouldn't consume if they knew the ingredients.


According to glassdoor and my own recruiting salaries and benefits are quite different. For example, PWC has about 1200 consulting partners and the average compensation is $600k/year. Accenture Director/VPs are nowhere near that. Senior Manager positions at Accenture top out at 175, while the same position at KPMG pays 225-250.  People don't choose Accenture over Deloitte/EY/PWC/etc.  Most tellingly, the average bill rates at Accenture are quite lower than big4. Public firms cannot compete with private firms in compensation.  A final example, Accenture bonuses above $20k are rare for Manager/Senior Managers. At big4 25-40k bonuses were commonplace these past few years, and these were bad years.  Oh yeah, vacation at big4 is 6 weeks, Accenture is only 5. Etc. etc.


This is inside the special economic zone. There are lots of wholly owned European/US companies that do the same (though no car maker as of yet).  This means Tesla has to pay the same import tariff as if the car was build in the US. They also have to pay the US/EU import tariff if they ship it back to the US/EU from there.  Super strange arrangement if you ask me. China can only win with these rules. Either the product is made in China and there is 25% tariff or the product is made in China and some Chinese company owns 50% of it.


http://i.imgur.com/qvayKiB.jpg  I bet many mathematicians would tell you that learning math makes you a better investor. And programmers would tell you that learning how to code makes you a better investor. And similarly for [biologists](https://www.bloomberg.com/news/articles/2017-07-20/hedge-fund-quant-posting-21-return-says-biology-is-secret-sauce) and sociologists and psychologists and [linguists](https://tepper.cmu.edu/-/media/files/tepper/extranet/academic%20programs/phd/dissertations/gao%20dissertation%20pdf.pdf) (PDF). Admittedly I have my own preconceived notions about [literary criticism](http://xkcd.com/451/), but I'd be tempted to believe the argument of an expert in any of those fields over a literary critic's.


Good lord. Talk to a liberal about government waste and all of a sudden the conversation shifts to the meaning of fkn life. Waste is a very simple concept. Educate yourself.  https://goleansixsigma.com/8-wastes/  > What is Waste?  > Waste is any step or action in a process that is not required to complete a process (called “Non Value-Adding”) successfully. When Waste is removed, only the steps that are required (called “Value-Adding”) to deliver a satisfactory product or service to the customer remain in the process.  > What are the 8 Wastes?  > Defects – Products or services that are out of specification that require resources to correct.  > Overproduction – Producing too much of a product before it is ready to be sold.  > Waiting – Waiting for the previous step in the process to complete.  > Non-Utilized Talent – Employees that are not effectively engaged in the process  > Transportation – Transporting items or information that is not required to perform the process from one location to another.  > Inventory – Inventory or information that is sitting idle (not being processed).  > Motion – People, information or equipment making unnecessary motion due to workspace layout, ergonomic issues or  searching for misplaced items.  > Extra Processing – Performing any activity that is not necessary to produce a functioning product or service.


Unless you are getting the loan from a loan shark, it is the most common case that each payment is applied to the interest accrued to date and the rest is applied towards reducing the principal.  So, assuming that fortnightly means 26 equally-spaced payments during the year, the interest accrued at the end of the first fortnight is $660,000 x (0.0575/26) = $1459.62 and so the principal is reduced by $2299.61 - $1459.62 = $839.99 For the next payment, the principal still owing at the beginning of that fortnight will be $660,000-$839.99 = $659,160.01 and the interest accrued will be $659,160.01 x (0.0575/26) = $1457.76 and so slightly more of the principal will be reduced than the $839.99 of the previous payment.  Lather, rinse, repeat until the loan is paid off which should occur at the end of 17.5 years (or after 455 biweekly payments). If the loan rate changes during this time (since you say that this is a variable-rate loan), the numbers quoted above will change too. And no, it is not the case that just %5.75 of the $2300 is interest, and the rest comes off the principle (sic)? Interest is computed on the principal amount still owed ($660,000 for starters and then decreasing fortnightly). not the loan payment amount. Edit  After playing around with a spreadsheet a bit, I found that if  payments are made every two weeks (14 days apart) rather than 26 equally spaced payments in one year as I used above, interest accrues at the rate of 5.75 x (14/365)% for the 14 days rather than at the rate of (5.75/26)% for the time between payments as I used above each 14 days, $2299.56 is paid as the biweekly mortgage payment instead of the $2299.61 stated by the OP, then 455 payments (slightly less than 17.5 calendar years when leap years are taken into account) will pay off the loan.  In fact, that 455-th payment should be reduced by 65 cents.  In view of rounding of fractional cents and the like, I doubt that it would be possible to have the last equal payment reduce the balance to exactly 0.


In a previous life, I used to work for a local ISP and worked on prototyping, building, and implementing Canada's first mobile Wi-Fi distribution network for public transit.  In the first year of deployment, (unofficially) ridership increased by roughly approximately something like 300% (can't give actual figures, but it's been hovering around that figure).  We decided to backhaul it on a 2mbit/s HC-SDMA network for its beam-forming and spatial multiplexing which, again - unofficially, can push its full pipe worth of data (2mbit/s) while travelling at speeds over 160km/h (this was fun to test) without so much as a single dropped frame or CRC error.  Not AMA-material, but I think that the push for mobile data in consumer electronics has really bolstered the business model (and bottom line) for incumbents like public transit and long-distance busing.


"From the article:  ""Then, there’s the FCC’s new advisory panel. As The Daily Beast notes, Pai has filled the 30-person Broadband Deployment Advisory Committee (BDAC) with 28 reps from telecoms companies, and just two from local cities. The committee was supposed to work out how cities and companies can work together best to deploy high-speed wireless internet; instead, it will likely be a list of telecoms industry wishes that the FCC will use its power to push through local government."""


A simple example of a motherhood statement we would have all heard in a version of our proposal documents is, “To be delivered to the highest quality standards, whilst providing mutually beneficial outcomes to all parties”, it might just pass the BS test in a Mission Statement but does not cut it for a winning proposal.


$34/month for doing 12 transactions or more.  If your time is worth less than about $2.50 per transaction, then it makes sense. I'd also check to see what happens if you miss and make only 11 transactions one month.  Do you lose a finger or something?  Or (less dramatically) do they take away your nice rate forever or slap you on the wrist financially? The fine print taketh away in these deals.  I'd be sure to see what it says.


In the US, for most mortgages: The rules for how you compute LTV vary. Usually it's based with current value. With FHA loans, you cannot have the property re-assessed -- LTV is based on the original loan amortization. Note that in the wake of the housing crisis, assessors have suddenly become very conservative with valuations, so be prepared to fight over the valuation.


22 June 2016 would have been the time to do this. Nobody on here can tell you what GBP/EUR will do in the next few months and years now. Brexit is going to happen, which implies lower UK growth and consequently a lower path for GBP interest rates, but this is all already priced in.  If you believe the UK economy will underperform current forecasts and/or the euro-area economy will outperform current forecasts, that may imply there's scope for further GBP depreciation. If you believe the probability of a further political shock from a 'no deal' Brexit is materially higher than the market thinks, the same is true. But the opposite of these things could happen also.  I would worry less about playing the currency markets as a retail investor and more about what currency your outgoings are denominated in. You live in Spain. Do you have significant GBP expenses or liabilities, or do you expect to have them in the future? If not, why are you taking currency risk by holding GBP balances? Whereas if you do - e.g. if you plan to move (back?) to the UK in the near future - then it makes more sense.


Any business that can't generate enough cashflow to pay their employees a living wage is a shity business. Unemployment is down and  minimum wage has gone up and yet there is still a record number of job openings. This disproves your bullshit.  People are not products.


The optimal down payment is 0% IF your interest rate is also 0%. As the interest rate increases, so does the likelihood of the better option being to pay for the car outright. Note that this is probably a binary choice. In other words, depending on the rate you will pay, you should either put 0% down, or 100% down. The interesting question is what formula should you use to determine which way to go? Obviously if you can invest at a higher return than the rate you pay on the car, you would still want to put 0% down. The same goes for inflation, and you can add these two numbers together. For example, if you estimate 2% inflation plus 1% guaranteed investment, then as long as the rate on your car is less than 3%, you would want to minimize the amount you put down. The key here is you must actually invest it. Other possible reasons to minimize the down payment would be if you have other loans with higher rates- then obviously use that money to pay down those loans before the car loan. All that being said, some dealers will give you cash back if you pay for the car outright. If you have this option, do the math and see where it lands. Most likely taking the cash back is going to be more attractive so you don't even have to hedge inflation at all. Tip: Make sure to negotiate the price of the car before you tell them how you are going to pay for it. (And during this process you can hint that you'll pay cash for it.)


Here are some other things to consider:


>$1,000 worth of electricity to generate  The cost of Bitcoin always tracks the price of Bitcoin.   There is a fixed amount of Bitcoin available to be mined every day.  The cost to mine bitcoin rises because of competition (they increase the difficulty of the problems to maintain a fixed supply of Bitcoin).  The electricity cost to mine Bitcoin is directly related to the amount of miners, which is directly related to the current cost of Bitcoin. More people want to mine when the price is high.  If you really think about it, what you are really saying is that the intrinsic value of bitcoin is the value of Bitcoin. Its a completely circular mirage.


In my opinion, every person, regardless of his or her situation, should be keeping track of their personal finances.  In addition, I believe that everyone, regardless of their situation, should have some sort of budget/spending plan. For many people, it is tempting to ignore the details of their finances and not worry about it.  After all, the bank knows how much money I have, right?  I get a statement from them each month that shows what I have spent, and I can always go to the bank's website and find out how much money I have, right?  Unfortunately, this type of thinking can lead to several different problems. Overspending.  In olden days, it was difficult to spend more money than you had.  Most purchases were made in cash, so if your wallet had cash in it, you could spend it, and when your wallet was empty, you were required to stop spending.  In this age of credit and electronic transactions, this is no longer the case.  It is extremely easy to spend money that you don't yet have, and find yourself in debt.  Debt, of course, leads to interest charges and future burdens. Unpreparedness for the future.  Without a plan, it is difficult to know if you have saved up enough for large future expenses.  Will you have enough money to pay the water bill that only shows up once every three months or the property tax bill that only shows up once a year?  Will you have enough money to pay to fix your car when it breaks?  Will you have enough money to replace your car when it is time?  How about helping out your kids with college tuition, or funding your retirement?  Without a plan, all of these are very difficult to manage without proper accounting.   Anxiety.  Not having a clear picture of your finances can lead to anxiety.  This can happen whether or not you are actually overspending, and whether or not you have enough saved up to cover future expenses, because you simply don't know if you have adequately covered your situation or not.  Making a plan and doing the accounting necessary to ensure you are following your plan can take the worry out of your finances. Fear of spending.  There was an interesting question from a user last year who was not at all in trouble with his finances, yet was always afraid to spend any money, because he didn't have a budget/spending plan in place.  If you spend money on a vacation, are you putting your property tax bill in jeopardy?  With a good budget in place, you can know for sure whether or not you will have enough money to pay your future expenses and can spend on something else today. This can all be done with or without the aid of software, but like many things, a computer makes the job easier.  A good personal finance program will do two things: Keeps track of your spending and balances, apart from your bank.  The bank can only show you things that have cleared the bank.  If you set up future payments (outside of the bank), or you write a check that has not been cashed yet, or you spend money on a credit card and have not paid the bill yet, these will not be reflected in your bank balance online.  However, if you manually enter these things into your own personal finance program, you can see how much money you actually have available to spend. Lets you plan for future spending.  The spending plan, or budget, lets you assign a job to every dollar that you own.  By doing this, you won't spend rent money at the bar, and you won't spend the car insurance money on a vacation. I've written before about the details on how some of these software packages work.  To answer your question about double-entry accounting: Some software packages do use true double-entry accounting (GnuCash, Ledger) and some do not (YNAB, EveryDollar, Mvelopes).  In my opinion, double-entry accounting is an unnecessary complication for personal finances.  If you don't already know what double-entry accounting is, stick with one of the simpler solutions.


it's kind of like a circular loop:  i think he would suggest identifying strategies/portfolio managers who have demonstrated outperformance in a persistent manner.  Thing is, that's also really hard to do.  I think empirically, MPT suffers when the market does. By diversifying, you'll only be down less. He's suggesting shooting for absolute returns -- no matter what the market does, he wants to see positive gains.  (a lot) easier said than done


In 2008, 10 year treasuries were up 20.1%, to gold's 4.96%. Respectfully, if I were certain if a market drop, I'd just short the market, easily done by shorting SPY or other index ETFs.  If you wish to buy gold, the easiest and least expensive way is to buy an ETF, GLD to be specific. It trades like a stock, for what that's worth. There are those who would suggest this is not like buying gold, it's just 'paper'. I believe otherwise. It's a non leveraged, fully backed ETF. I try not to question other's political or religious beliefs or as it pertains to this ETF, their conspiracy theories.


"> I really like the story behind Groupon because it is a great example of the things we repeat on this subreddit so much. Start local, and make a minimal viable product.  So, where did they steal this from?  Edit: Found it. There's a ""Credit"" link all the way at the bottom.  https://www.reddit.com/r/Entrepreneur/comments/2clqa3/how_startups_such_as_dropbox_airbnb_groupon_and/?st=j2cd1q2l&sh=0df6a64a"


What do you this hypothesis?  The A-hole logic might by the flip side of our leadership culture. We are constantly being told to work on our leadership skills. But how many of us ever work on our followership skills. Not many--the very name triggers spellcheck. The reality is that most of us can't afford to be autonomous and independent and the A-holes are successful because they do the job for us, albeit unpleasantly.


Can you afford to lose the $2200? If not, the answer is don't buy the stock. No one can tell you if a stock will continue to go up. But the general rule is that the more hype there is on a stock, the more likely it is that it's reached a top and is due for a downward correction soon. Also note that the more expectation there is for a company, the more negatively the market will react if the company's earnings report comes in even slightly below expectation, or if the company hints at a slowdown in the future. If that buyback doesn't happen you mentioned, expect the stock to drop a lot. Only a really positive surprise news announcement will make it continue to rise on earnings day. If you really want to buy this stock, my advice would be to learn about chart patterns and other basic technical analysis to have at least some idea of whether the stock is due for a correction soon. (If you see it grow in a hockey-stick shape upward, it probably is.)


You can use the ideas, just not the delivery method. Some patients, especially for original inventions, come with a exclusivity time limit.  People like to see and experience the familiar, which is why Shakespeare's stories are being retold in both their original and modern forms. I mean, do we need yet another set of Batman movies?


"Online courses in one resource, although I've always found reading targeted books to be far more effective when it comes to business.  My best advice on starting companies is learn how to think like those who have started the craziest/biggest/best companies. I've always gotten far more out of reading Steve Jobs' biography, Sam Walton's autobiography, John Rockefeller's biography ""Titan"", Warren Buffett's biography ""Snowball"", Howard Schulz's books on starbucks, etc. than just about any business course I've taken. These also far surpass your 'start a business with these steps' books. Although you do need to read some of those too.  I'd encourage picking out a few business heroes and learning from them. Elon Musk is mine today. Check out his life story.  For more targeted skills, such as learning accounting or management skills, amazon is pretty easy to navigate.  **tl;dr: Learn to think like the greats before learning the skills you need**"


I think it's interesting that the other answers here all focus on the possibility of a software glitch or other unintentional error in the ATM behaviour.  Personally, I keep ATM receipts so that if I spot a withdrawal I don't recognise, it sways it in favour of being fraud (as opposed to memory failure) if I also don't have a receipt for it.  I also always withdraw the same amount and it is not one of the default amounts presented on the screen. Again, just a way to make any fraudulent transaction stand out on my statement.


Source:  20 years self-employed, 35 employees.  A good lawyer is CHEAP.  They will write the appropriate letters, which don't cost much, but they have teeth behind them if the client still refuses to pay.  People snap to attention when a lawyer gets involved.  Stay away from collection agencies.  Dealing with the lawyer is quick, cheap, and efficient.


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4000 miles a year is not a few! European average is about 9000... But nevertheless... But when it comes to risk, then: 1) Nothing stops you from changing circumstances and drive 10 times as much as in previous yers. The insurance remains the same. The only thing the insurance company can do is to charge you more next year (taking the miles you've made this year as a basis for calculations)* 2) Drivers who drive very seldom are a huge risk because of their low experience. I know a few people that drive more than 100 miles only a few times a year, and on average once a year have accident during that drives. It doesn't mean that an average sunday driver have similar risk of accident as daily driver, but it's in no way similar.  *) Germany/Switzerland based, the whole EU is likely to be the same


"There's something wrong with your story. The IBAN contiains two check digits, and the method used to compute them guarantees that any single digit error will be caught. So it's impossible that ""HSBC screwed up the last digit of my IBAN"" because if that were the case, the resulting IBAN would not be valid and be rejected by the computer when it was entered at your bank."


Downvotes are actually funny in this case because I am not even an American. Just goes to show you how hard liberals try to attack anything that is not anti-Trump. This attidude will surely help them in other elections. Smh


see http://www.moneysavingexpert.com/travel/cheap-travel-money if you are in the UK wishing to go on holiday outside of the uk


Normally not a fan of VIX options unless it's very short term in near term expirations for a quick trade, but this was an interesting approach... and as someone who loves shorting VIX, I think it has gotten way too low here, and the opportunity to play the other side is near.


You have asked this question but provide very little information. As others have stated, what country are you in? Was there a will or any other agreement?  Basically any estate will go to the beneficiaries once all debtors have been paid off. How this is done will largely depend on which country/state/region you are in and what documentation was in place at the time of death. You might want to check out this website for details on passing away without a will: http://www.nolo.com/legal-encyclopedia/how-estate-settled-if-theres-32442.html


> You use Amazon if you use the internet. Amazon AWS controls 50% of the cloud provider market, which provides the back end and holds data for many websites, apps, and services. There's simply no avoiding feeding Amazon since they control the backend  According to your own post, they control only half the backend, which means the other half is controlled by their competitors.  In retail, Amazon controls ~4% of all retail sales in the US, and 40-50% of online sales, which does not look like a monopoly to me.  Yes, they are currently standing out and many investors expect more growth in the future, but this will only be true if they can stay competitive in price/quality/service/etc...  In every area they do business they have well-funded competitors which could start snatching up customers if they slip.  Even AWS, it's not that hard to move to Microsoft's, or some other company's cloud platform if Amazon's rates get too high.  The same is true for Google and Facebook, there's no service they provide that doesn't have well-funded competitors.  Just because they currently lead the market doesn't mean they're a monopoly.


"anything whole life has a value (sometimes known as ""cash value""), which is the value you get if you surrender the policy to the insurance company (ie. cancel the policy).  I'm not sure i'd sell another person/company a life insurance policy on myself though.  Kinda creates a bad incentive problem."


Bid and ask prices of stocks change not just daily, but continuously.  They are, as the names suggest, what price people are asking for to be willing to sell their stock, and how much people are bidding to be willing to buy it at that moment. Your equation is accurate in theory, but doesn't actually apply.  The bid and ask prices are indicators of the value of the stock, but the only think you care about as a trader are what you actually pay and sell it for.  So regardless of the bid/ask the equation is: Since you cannot buy an index directly (index, like indicator) it doesn't make sense to discuss how much people are bidding or asking for it.  Like JoeTaxpayer said, you can buy (and therefore bid/ask) for ETFs and funds that attempt to track the value of the S&P 500.


I am not sure where your numbers are coming from but I don't want you to be wrong. I am only giving like as I said previous my (non pro) advice. People are coming at me like i am Warren Buffet. I know what I have done and what I believe. Obviously all my eggs are not in one basket no one ( at least I hope) is that dumb. I strongly believe that Snap Chat and Walmart are a very strong buy for long term. I also think GoPro is a very good company to earn short-middle term income on. The fact you have made 30% returns is fucking awesome and congrats you obviously doing something right. I do although feel Snap is heavily underestimated for what they are doing and what they want to do. I am will admit i am a bit out of the box on all of it but I am willing to take that risk  with the amount of money I am willing to dump into to do so. I hope you keep rocking the returns you are! Make your money my friend!


Further it is known, that the top performers are often not good team players. For many jobs they are simply to ambitious to create a stable work environment with their colleagues, if those are as well very ambitious. For a good team you have one top performer who is supported by more rather average team members.


"What you linked to: *""Gang violence makes up a relatively small portion of of gun violence""*  So I linked to a bureau showing that's an outright lie, but you're routinely caught  doing that, hence you mostly limiting your propaganda to the 200 subsites you can ban dissenters from. This ain't one of them, propagandist."


number of shares is finite Yes it is I would assume that the repurchase numbers exceed the numbers of created shares Number of shares repurchased by company would never exceed in theory the total number of shares. It can become Zero, however its unlikely as it would run on its own and its not possible. In practise company generally repurchase a small percentage say 5% - 10% of the outstanding shares. The number of shares additional created is irrelevant. Its the total shares that is relevant. Edit: A company starts with say 100 shares, over the period it creates new shares [via various mechanisms, Rights issue, split, Additional shares, etc] say to the extent of 50. So now the company has total shares of 150. This lets say is held by 15 entities. The company can buy back say 15 shares in a year, and keep doing this, next year another 10 etc. However a company if it purchased all 150 of its own shares is unlikely as the Majority shareholders will not like this to happen and loose control. There are 2 different things, buying out of minority shareholders, typically different percentage of the shares are held by non-promoters and available for trade can range from 10% to 70% ... there are also listing norms. Quite a few stock-exchange need atleast 10% shares to be available for trade [held by non-promotors]. In case a company has a small number of shares held by non-promoters, it can buy back the shares and delist the company from the exchange.


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Generally, the paperwork realtors use is pre-written and pre-approved by the relevant State and real-estate organizations. The offers, contracts, etc etc a pretty straightforward and standard. You can ask a realtor for a small fee to arrange the documents for you (smaller than the usual 5% sellers' fee they charge, I would say 0.5% or a couple of hundreds of dollars flat fee would be enough for the work). You can try and get these forms yourself, sometimes you can buy them in the neighborhood Staples, or from various law firms and legal plans that sell standard docs. You can get a lawyer to go over it with you for almost nothing: I used the LegalZoom plan for documentation review, and it cost me $30 (business plan, individual is cheaper) to go over several purchase contracts ($30 is a monthly subscription, but you don't have to pay it for more than one month). But these are standard, so you do it once and you know how to read them all. If you have a legal plan from work, this may cover document review and preparation. Preparing a contract that is not a standard template can otherwise cost you hundreds of dollars. Title company will not do any paperwork for you except for the deed itself. They can arrange the deed and the recording, escrow and title insurance, but they will not write a contract for the parties to use. You have to come with the contract already in place, and with escrow instructions already agreed upon. Some jurisdictions require using a lawyer in a real-estate transaction. If you're in a jurisdiction (usually on a county level) that requires the transaction to go through a lawyer - then the costs will be higher.


Keep a diary, before buying write down why are you buying the stock, how long do you plan to keep it. Put down reasons when you would sell it. For example you buy a stock because it has lot of cash reserve, it is a focused company, good management. You would sell when management leaves or it starts to use its cash for  acquisition that are not fitting in profile.


Wooden Vegetable Trugs  & Vegtrug Wall Hugger are supplied with a pre-formed careful liner, but if for any reason yours requires substitution should it be damaged in any way, you can purchase the correct size for your planter here. Vegtrug Wall Hugger Small is made from strong black polyethylene fabric which forms a sheet. They also protect the wooden frames from the sticky compost.


The one starting for our team is an incoming senior with no internships or finance experience with the exception of their major. They are going to a small school which is one step up from a for profit university. The best job he had was working for a family flower business as a cashier.  That's not to speak badly about him - he may very well be the best intern we've ever had. I think it mainly speaks to the ineptitude within our HR department who delayed recruiting so long most good candidates already had secured their internship.


Yes, it is normal. I'm single & pay 32% in North Carolina. Single men & married people ask me all the time why it's so high and it gets frustrating having to explain to average people. I assume it's because I have no kids, live alone, don't own a house, am not in school, am not self employed etc. I've been at this job for 10 years and it's been over 30% since I can remember.


"Credit card interest rates are obscene. Try to find some other kind of loan for the furnishings; if you put things on the card, try to pay them off as quickly as possible. I should say that for most people I do recommend having a credit card. Hotels, car rental agencies, and a fair number of other businesses expect to be able to guarantee your reservation by taking the card info and it is much harder to do business with them without one. It gives you a short-term emergency fund you can tap (and then immediately pay back, or as close to immediately as possible). Credit cards are one of the safer ways to pay via internet, since they have guarantees that limit your liability if they are misused, and the bank can help you ""charge back"" to a vendor who doesn't deliver as promised. And if you have the self-discipline to pay the balance due in full every month, they can be a convenient alternative to carrying a checkbook or excessive amounts of cash. But there are definitely people who haven't learned how to use this particular tool without hurting themselves. Remember that it needs to be handled with respect and appropriate caution."


"This depends on your definitions of assets and liabilities. The word ""asset"" has a fairly straight forward definition.  Generally speaking, an asset in finance is something that you own/control that has economic value.  The asset has value because it is generating income for you or because you expect that it will be worth something to someone in the future. ""Liability"" is tougher to define, and depends on context.  In accounting, a liability is a debt or obligation that is owed.  It is essentially the opposite of an asset; where an asset represents something of value that you own, increasing your balance sheet, a liability is a value that you owe, decreasing your balance sheet. In that sense, a website or domain name that you own is an asset, not a liability, because it is something you own that has some value.  It is not a debt. Many people use the word ""liability"" informally to refer to a bad asset: something that is losing value or is causing more in expenses than it is generating in income.  (See definition #5 on Wiktionary.)  With this definition, you might consider a website or a domain name a liability if it is losing money. Alternatively, depending on your business, you might not consider it an asset or a liability, but an expense instead.  An expense is a cost of doing business.  For example, if your business is selling something, you might need a website to make that happen.  The website isn't purchased as an investment, and it might not have any value apart from your business.  It is simply a necessary expense for your business."


This is slightly opinion based. On simple math;   If R+E-I is a large positive number, the cost is high and the sooner you replace the better. If the it is large negative number; wait for appliance to break down. If it is small positive or negative number it doesn't matter much.  Other Factors:


Same here.   If an advertiser ruins whatever I'm watching, fuck em. I ain't buying that shit.  It's just boring. The same shit, on repeat, over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over over and over and over and over and over and over and over and over...  Fuck.  Edit, I got excited hitting paste there. Was a bit obnoxious. Fuckin ads get me worked up.


Amazon are supply chain freakbeasts. As someone that interacts with the supply chain groups at my company on a regular basis, it is fascinating seeing how many trips a year they schedule to Amazon distribution facilities and other SC infrastructure to see the latest and greatest in the field.


With the $2000 downpayment and interest rate of 11.5% nominal compounded monthly the monthly payments would be $970.49 As you state, that is a monthly rate of 0.9583% Edit With the new information, taking the standard loan equation where Let Now setting s = 98000, with d = 990.291 solve for r


Takeoffs are never done automatically and autolands are only performed in CATIII weather conditions by pilots who have special training to perform them, and even then, only at airports with the correct equipment installed, and only with airlines which permit them.  But yeah, the cruise is spent on autopilot.  /melvin


Sounds more of a question for the fine people at StyleForum.net but i would suggest to start looking carefully at the quality of the fabrics: once you start studying the subject you will quickly recognize a solid shirt from a cheap one. That'll help you save money in the long term. Also keeping it simple (by choosing classic color tones and patterns) will make your wardrobe more resistant to the fashion du jour.


"I feel like you could talk this one down diplomatically, but only if you find a way to not be dismissive of the female employee. This will be difficult since your tone makes it sound like you don't seem to believe women when they tell you it's not always fair to be female in the tech industry.   For instance, most women would never want to be hired for a quota or because they are attractive . That belief also undercuts women when they do get hired because they are good at their jobs. The pay gap is complicated and in part do to care giver responsibilities but that doesn't make anyone feel less salty.   Anyways I suspect that if you told this female employee, ""X had their opinion but we as a company hear your point of view in this."" And affirm her experience, the issue will be withdrawn. She is afraid she is in a chauvinist culture and lashing out.   I do agree that calling a disagreement sexual harassment trivializes the issue, and this personally irritates me. But you're going to get a lot of salty women if the culture of your company is to tell them you don't believe their experiences. As for firing, don't even think about it. It only ends in shelling out a lot of money to her or lawyers."


I mean lower taxes increase profit %'s right?  And if you are a stakeholder in a company and that company becomes more valuable does it not increase the value of your stake in it as well?  It may not equate to an increased *wage* - but I still fail to see how at the *very least* value wouldn't be increased.


He said he's using MSCI World as a benchmark. MSCI World is not an exchange. The point is the same security listed in different places has different prices, so how do you describe the equity beta of the company to MSCI World if you have multiple and different return streams? This is a real problem to consider and you just dismiss it entirely.


I think they're stuck too much into a corporate mindset and focus too hard on the enterprise. They really need to think about things at more grass roots levels.  Microsoft is a confusing company though. They've done so well with the XBOX and the way they marketing that was great; i dont understand why they cant do that with their other products.


"They acquired the debt from the VZ Central Bank. Providing the Central Bank with dollars will help them control inflation. The argument against the deal is colossally stupid, and basically rests on the idea that the world community just needs to let VZ get as shitty and miserable as possible so the people will overthrow the government. Anything that eases the pain, like injecting US Dollars into the central bank, is therefore seen as ""propping up the government"""


Even without analyzing the math or doing a complete risk assesment, consider the following:


Based on your description of what you were given, then you should not need to contact DMV/DOT However if you are not comfortable with that answer then contact/visit the dealer, you can ask them how long it normally takes, and do you pick up the real plates at the dealer, DMV, or will they be mailed to you. Also call them if the temporary plates will run out in a few days, to make sure everything is good to go. One other note. If the dealer is in one state, and you live in another they can give you temporary plate for their state but may not be able to file for the real plates in your state. Once everything is finalized go online to DMV and make sure that the car registration is OK. A few years ago the dealer gave me real plates, they gave me a registration good for two years. But the info sent to DMV was corrupted: the VIN was in the system, but the description was wrong and the plates were listed as none. This was only noticed when I tried to re-register the car two years later. In fact according to DMV the plates on the car were listed as never issued. If I had ever been pulled over it would have taken hours to resolve.


I'm a programmer, and worked for a company doing natural language analysis and parsing.  Yes, it is possible to figure out what reviews are more valuable than others by passsing it through an algorithm.  How the heck do you think spam filters work?


"I strongly suggest you read up the Option Greeks. You can be right about a stocks price movement and still not make money b/c other factors come into play from time or volatility. For a ""free"" option hedge you can look at collars. Buying puts and selling calls to offset the debit you pay for the transaction. Ex: AAPL is 115, You buy the 110 puts and sell the 120 calls. This gives you a collar around he current price. Your hedged below 110 and can still participate in upside move to 120. Also look into time value. Time decays exponentially in the last 30 days. If you are long this hurts you, if you are short(selling) this is good. Be sure to take this into account. Delta: relation of the option to the underlying stock move on a .01-1 scale, .50 is ""normal."" Deep in the money options have higher deltas. It is possible other factors can offset this delta move. This is why people will lose money on earnings plays even though they are right.  EX: Say you buy an AAPL call at 120, earnings comes out and the stock goes to 121. Even though you are ""in the money"" your contract may still have less value than what you paid because of VOLATILITY collapse. The market place knows earnings move a stock and that is factored into the price of the options expected volatility. As mentioned watch out for dividend dates. Always be aware of dividend dates and earnings dates and if your contract is going to cover one of these events. Interest rates have an effect as well but since the Fed has near 0 rates there is little impact at the present. Though this could certainly change if the fed starts raising rates. Research the Black Scholes Pricing model. Whenever you trade always think about what the other guys is thinking. Sometimes we forget their is someone else on the other side of my trade that thinks essentially the exact opposite of me. Its a zero sum game. As far as choosing strikes you can look at calculating the At THe money straddle to see if the options are ""cheap"" [stock Price * Implied Volatility (for 30, 60, 90 days Depending on your holding period)* Sq root of days to expiration] / 19 (which is sq root of days/yr) Add and subtract this number to the current stock price to give you an approximate 1 standard deviation of expected price movement. Keeping with our example. AAPL at 115, lets say your formula spits out a 6; therefore price range is expected to be 109 to 121 for the time period. Helpful for selling options, I would sell the 122  call or the 108 puts. Hope this helps. Start small and get a feel for things."


"Regardless of if the 'higher profits' are create from higher volumes and more workers, the key word there is PROFITS - not 'revenue', not 'income' or any similar word. PROFITS - a word used to describe the amount left AFTER paying expenses - such as the salaries of those additional workers (if any).  The point is, the worker deserve a share of those profits. It is their work that has made them - in addition to the work of the CEO, of course, but still...the CEO could not have created 'better margins' or done 'better deployment of capital' if it were not for the efforts of those workers in the first place.  This is the main problem with the economy right now. No one feels the responsibility to those who have helped them succeed. They keep using a 'slash and burn' financial strategy - slash salaries and benefits and burn up your labor force to extract every dollar you can for the top. The only problem is, now they're running out of things to slash and the workers they've burned have nothing left. And they wonder why the economy is in the crapper.  I keep being reminded of a quote from Ladyhawke as said by the evil bishop:   ""I raise their taxes, only to be told there's nothing left for me to tax. Imagine."""


Don't know about other places, but in Seattle the *average* cost of a house (a regular house, not a mansion) if you're lucky enough to find one that isn't being bid on by a dozen other people, is around 700k right now.


Yep, the wonderful thing about finance is the more you learn the more you start understanding the world around you.    I think your question is more related to economics (deficits, surpluses and budgets) however countries can (and do) reissue new bonds to help pay off the old ones.   Also keep in mind if a country has say $10trillion in debt, it isn't all due at once so maybe only $10 billion might be due per year


"One thing to consider is that road wear is largely proportional to vehicle weight to the 4 power. ""Generalized Fourth Power Law"". This leads to a result that an 18 wheeler is roughly the equivalent of 9600 cars.  One consequence is that we can tax shipping weight, assuming some of it will go over road. Another option would be vehicle registration fees that are proportional to the weight of the vehicle. Yet another would be a tax on automotive battery packs (comparable to the lifetime energy output if it were gas).  Keep in mind that most local road construction is funded by property taxes, not gasoline. Next time you see a cyclist, thank them for paying for the road and doing several hundred times less damage to it than your car. :)"


a) I've got a million miles on American Airlines and TSA has been barely a bother.   b) I encourage you to stay away, and encourage your friends to do the same. Economics are the *only* thing will get this fixed.


The tax consequence is that if you wait until January of 2011 to invest, you won't have the option to sell as a long-term capital gain in 2011.  However, this is not a huge point in practice: If your income this year was very low, but will go up in 2011, you might want to convert some or all of it into a roth ira this year.  This would let you pay the tax on it at your low tax rate for this year, rather than at the likely higher rate when you retire.   An investment consequence is the fact that your money is sitting there, earning a lower expected rate of return than it could be. Not knowing your situation, I can't say how aggressive your holdings will be.  Taking a fairly aggressive portfolio, 9% expected yearly return, and not investing for a month, you lose about .75% on average.  Not huge, but something to consider. Remember that any decision you make here isn't permanent.  If your previous allocation in the 401(k) was 100% in stock funds, you could put it in something like VTI, Vanguard's total US stock market ETF.


Well.. they probably do, but their existing shipping infrastructure means they can restock very very quickly or just have a copy sent directly to you. Amazon also has access to enough data that they can probably predict demand pretty easily.  Also, as the article discusses, these stores aren't overrun with customers, so its probably no much of an issue anyway.


Don't do debt.  After a few years (I forget how many) the bad history will have rolled off, but by then you will probably have no desire to go back into debt again. If you do want to build up a credit score, then at that point it's essentially the same as starting from scratch.  However, from personal experience, once you've lived debt free for a few years you never want to get back on the debt wheel again. A credit score is the output of a behavioral model that indicates the chances that a bank will earn money from your business. Do things that earn the banks money and you will have a high credit score.


Been following ZH (less these days) for about a decade now, and rarely do they have good stuff with even that 10% being too gracious. I would peg it at about .5-1%. The USA should have collapsed oh about 30 times now, with gold being the world currency and all our ID's being imprinted on our arms, but hey maybe this time is the charm with Trump.


"1 - in most cases, the difference between filing joint or married filing single is close to zero. When there is a difference you're better off filing joint.  2 - The way the W4 works is based on how many allowances you claim. Unfortunately, even in the day of computers, it does not allow for a simple ""well my deduction are $xxx, don't tax that money."" Each allowance is equal to one exemption, same as you get for being you, same as the wife gets, same as each kid. 3 people X $3800 = $11,400 you are telling the employer to take off the top before calculating your tax. She does this by using Circular E and is able to calculate your tax as you request. If one is in the 15% bracket, one more exemption changes the tax withheld by $570. So if you were going to owe $400 in April, one few exemption will have you overpay $170. i.e. in this 15% bracket, each exemption changes annual withholding by that $570.  For most people, running the W4 numbers will get them very close, and only if they are getting back or owing over $500, will they even think of adjusting.  3 - My recently published Last Minute Tax Moves offers a number of interesting ideas to address this. The concept of grouping deductions in odd years is worth noting.  4 - I'm not sure what this means, 2 accounts each worth $5000 should grow at the same rate if invested the same. The time it makes sense to load one person's account first is if they have better matching. You say you are not sure what percent your wife's company matches. You need to change this. For both of your retirement plans you need to know every detail, exact way to maximize matching, expense ratios for the investments you choose, any other fees, etc. Knowledge is power, and all that. In What is an appropriate level of 401k fees or expenses in a typical plan? I go on to preach about how fees can wipe out any tax benefit over time. For any new investor, my first warning is always to understand what you are getting into. If you can't explain it to a friend, you shouldn't be in it.  Edit - you first need to understand what choices are within the accounts. The 4% and 6% are in hindsight, right? These are not fixed returns. You should look at the choices and more heavily fund the account with the better selection. Deposit to her account at least to grab the match.  As far as the longer term goals, see how the house purchase goes. Life has a way of sending you two kids and forcing you to tighten the budget. You may have other ideas in three years. (I have no P2P lending experience, by the way.)  Last - many advise that separate finances are a bad path for a couple. It depends. Jane and I have separate check books, and every paycheck just keep enough to write small checks without worry, most of the money goes to the house account. Whatever works for you is what you should do. We've been happily married for most of the 17 years we've been married."


Keep in mind your household income is in the top 20%, which does not translate to wealth. Given a healthy income, and no debt, other then a small house payment, you probably have a decent amount of free cash flow.  This could easily be used to buy a car on time… which a lot of people do.  Congratulations on being different.   Having said that, living as you do, you will likely be wealthier than your income suggests. If you invested the amount you saved on car payments for an average car you can become a muli-millionaire. Doing that alone can put you in the top 10% of the wealthiest in this nation. Keep in mind 76% of Americans live paycheck-to-paycheck, so there is a sizable portion of the population that make more than you do, yet one costly emergency can cause them to spiral into significant financial difficulty. News flash: Emergencies happen. If I am not being clear, you are living wisely! I would recommend reading The Millionaire Next Door and The Millionaire Mind. You will understand that not following the whims of advertisers is good for your bottom line and that it is good to be different from the general population. One of my favorite stories from the author is these yuppies hires the author to find them rich people to sell their products. The author gets the rich people by offering them cash, albeit a relatively small amount considering their wealth (about $200) and lunch. The yuppies complain that the guys don’t “look rich” as there are no fancy suits or Rolex watches. One of the rich guys likes the pitch so much in inquires on how he can buy the company. There are a lot of lessons in that short anecdote.


Interesting. Very unfortunate though. I guess that means you have to work your way up through the industry to start your own firm before even getting to do the cool stuff.   It makes sense, of course. Heck, I've always thought if I had lots of money that's pretty much what I would do. I'm not surprised that it's already a thing people with lots of money do. Even though it makes getting into the industry much less appealing.


"With permanent contract in Germany you shouldn't have any problem getting a loan. It's even more important than how much do you earn. Generally, you should ask for a house mortgage (Baufinanzierungsdarlehen) with annuity as a type of credit to save on interest. Besides, you usually get a better conditions with a saving bank (Sparkasse) or a popular bank (Volksbank) situated in the area where your house is situated. You also shouldn't combine your credit with extra products (the simpler is the product, the better is for you), maybe I'll write later an extra piece on the common pitfalls in this regard. Probably, you could find a bank that would give you such a loan, but it would be very expensive. You should save at least 40%, because then the bank can refinance your loan cheaply and in return offer you a low interest. Taxes depend heavily on the place where you buy a house. When you buy it, you pay a tax between 3.5% and 6% (look up here). Then you pay a property tax (Grundsteuer), it depends on community how much do you pay, the leverage is called Hebesatz (here's example). Notary would cost ca. 1.5% of the house price. All and all, you should calculate with 10% A country-independent advice: if you want to save on interest in the long run, you should take an annuity loan with the shortest maturity. Pay attention to effective interest rate. Now to Germany specifics. Don't forget to ask about ""Sondertilgung"" (extra amortization) - an option to amortize additionaly. Usually, banks offer 5% Sondertilgung p.a. The interest-rate is usually fixed for 8 years (however, ask about it), this period is called Zinsbindung. It sound ridiculous, but in southern lands (Bayern, Baden-Württemberg) you usually get better conditions as in Berlin or Bremen. The gap could be as big as 0.5% p.a. of effective interest rate! In Germany they often use so-called ""anfängliche Tilgung"" (initial rate of amortizazion) as a parameter."


That mostly just means inequality is increasing though it's still better than not having a job. The most pertinent thing to notice is that the rich are creating a society which serves them without thinking about the consequences of undervaluing other peoples' potential. The economic inertia is not going towards increasing everyone's full potential as much as it goes towards increasing the luxury of the few.


We have a very mixed economy.  If takeovers were all a case of a more competent organization taking over a less competent organizations then there would be no need for vetting.  But that is not the case.  We have companies that are monopolies thanks to their relationship with governments.  They are not more efficient, better run, more visionary, or more capable.  Indeed, they are often dependent on a single monopoly, in a single market.  Everything else they touch turns to crap.  They acquire other companies trying to stave off their own collapse.  Do you want to invite companies like that come into your market and link important companies, in vital markets to that house of cards?


And a lot of people just don't read. It always throws me for a loop to visit someone's home to see not a single book in the place. But it happens all the time. And that is not a sign of someone who likes to borrow from the library or reads on a tablet. That is someone who just doesn't read.


Businessweek is a magazine. The Atlantic is a magazine. They publish articles, while Vice is an investigative news outlet. So, you're comparing apples to oranges, even if you don't understand that they're not equivalent organizations.  You don't even seem understand how Vice's business works. They're not focused on ad revenue through clickbait. They're focused on content creation for lucrative media deals, which has accelerated Vice's value far faster than the other outlets you mentioned.  Everything you are saying is light on analytical reason, but very heavy on definitive provocative statements. Essentially, you are replying with very low quality posting. So, I'm probably going to stop engaging you; because whether you're a troll or just heavily breathing from the mouth, I suspect that further attempts at reasonable dialogue with you is a waste of my time. Toodles.


It helps to put the numbers in terms of an asset. Say a bottle of wine costs 10 dollars, but the price rises to 20 dollars a year later. The price has risen 100%, and your dollars have lost value. Whereas your ten used to be worth 100% of the price of bottle of wine, they now are worth 50% of the risen price of a bottle of wine so they've lost around 50% of their value. Divide the old price by the new inflated price to measure proportionally how much the old price is of the new price. 10 divided by 20 is 1/2 or .50 or 50%. You can then subtract the old price from the new in proportional terms to find how much value you've lost. 1 minus 1/2 or 1.00 minus .50 or 100% minus 50%.


Emerald Floors Premier, low-rise premium homes featuring the highest design standards and quality amenities at attractive price points. Walk into your home and experience a feeling of luxury, quality and workmanship. Part of a larger master planned community of Emerald Hills, the Emerald Floors Premier is located in a thriving neighbourhood with schools and hospital nearby. It is strategically located in the emerging Suburban Business District on the Golf Course Extension Road, close to the proposed Metro corridor with easy access from Express Highway to the city. The Delhi International Airport is also just a 20 minute drive away.


If the car loan has 0% interest for 5 years, then paying off the student loan is cheaper. No matter when you pay off the car, you will pay the exact same amount (as long as its within 5 years). You could spend $20,000 right now to pay off the car loan or slowly spend $20,000 over the next 5 years. The gross amount paid for the car loan does not change. On the contrary, the longer you wait to pay off the student loans, the more you will end up paying for them. So why not get the student loans out of the way before they rack up more interest and pay the car loan over time? Update: I forgot to add, as Ben Miller said, congratulations on paying off the $40,000!


no, not rampant BofA fraud  Fed pumping hundreds of billions in funny money and government pressure to make bad loans is why we had the bubble  the banks are being extorted by government...because they can (plus it makes Reddit think banks are evil...and not government)


He was financially free in the 90s. Made his Cash flow game and first book while in retirement. Before the 90s his business was the surfer wallets in Hawaii. Now, it is true that this information is based off of his word, but since he is being accused of fraud, I think the accusers have the burden of proof.


"The blurb from the law site is accurate. I'm not going to say any other info from them is or isn't accurate though as I have not read their site at all. If you check the public resources from Fair Issac directly you will get similar wording to that of the law firm: Presence of adverse public records   (bankruptcy, judgements, suits, liens,   wage attachments, etc.), collection   items, and/or delinquency (past due   items) Once the items are on your report they will weigh the score down (though less over time). Also, paying the accounts off, other than a successful Pay For Delete (PFD), can have a negative impact on your score. By paying the account off you'll trigger a status change that will allow the account record to stick around for up to 7 more years (10 for medical debts). Which is why it is a better idea to let accounts fall off than it is to pay them once they are over a certain age. Be aware that paying off a collection   account on which you previously missed   a payment, will not remove it from   your credit report. Your FICO score   will still consider this information,   because it reflects your past credit   pattern. Source: Fair Issac: Understanding your FICO Score [PDF] Paying an account off and getting it marked ""Paid in Full"" or ""Settled"" or anything else really won't help you at all. The adverse account record drags on your score just for being there."


"Don't care... Uber is cheaper most of the times for me than Cabify, I am not a wealthy man so I can't afford the premium on Cabify just to ""support"" their better business practice. Cheaper is cheaper. If cabify can be a better buisness AND have better prices. than that is something i am willing to support."


I've read the answers and respect the thought behind them.  I'd like to focus on (a) the magnitude of the emergency, and (b) the saving rate of the people affected. 3-6 months is interesting. It's enough not just to fix the car, repair the A/C, etc, but more than enough to lose one's job and recover. (Let's avoid the debate of how long it take to find a job, no amount of 'emergency savings' can solve that.) If one is spending below their means, any unexpected expense that can paid off within, say 3 months, doesn't really need to tap emergency funds (EF). And, at some level of income and retirement savings, one can more easily run a much lower EF.  My own situation - I had 9mo worth of expenses saved as EF. We were living well beneath our means, and I was looking at the difference between our mortgage (6%+) vs bank interest (near 0%). I used the funds to pay down principal, refinanced to a lower rate, and at the same closing got a HELOC. The psychology of this is tough, it then appears that for simple expenses, I'd be borrowing from my HELOC. On the other hand, the choice was between a known cost, the $5K/year the money was costing by sitting there plus the lower rate by going to a non-jumbo loan at the time, vs the risk of using 3% money from the HELOC. In the end, the HELOC was never tapped for more than a small portion of its line, and I never regretted the decision. Ironically, it's the person who isn't saving much that need the EF most. If you are a saver, you need to judge how long it would take to replace the funds.  I offer the above not as a recommendation, but as devil's advocate to the other excellent advice here. All cash flows are a choice, $100 going here, can't go there. I'd slip in a warning that one should capture matching 401(k) contributions, if offered, before funding the EF. And pay down any high interest debt. After that, the decision of how liquid to be is a personal choice, what worked for my wife and me may not be for everyone.


There's nothing wrong with your reasoning except that you expect the tax laws to make perfect sense. More often than not they don't. I suggest getting in touch with a professional tax preparer (preferably with a CPA or EA designation), who will be able to understand the issue, including the relevant portions of the French-US tax treaty, and explain it to you. You will probably also need to do some reporting in France, so get a professional advice from a French tax professional as well. So, in my tax return, can I say that I had no US revenue at all during   this whole year? I doubt it.


"This is the best tl;dr I could make, [original](https://theconversation.com/how-an-economic-theory-helped-mire-the-united-states-in-vietnam-84403) reduced by 86%. (I'm a bot) ***** > A little-remembered aspect of the debacle is the important role played by a prominent economic historian named Walt Whitman Rostow, whose theories on economic development helped persuade Americans - and two presidents - that the fight in Vietnam was right and that we must prevail.  > In 1960, Rostow, then a professor at MIT, published an influential book called &quot;The Stages of Economic Growth: A Non-Communist Manifesto.&quot; The book describes how an economy transitions through five distinct stages of development, from basic to advanced.  > His &quot;Stages of Economic Growth&quot; is not widely studied in the United States these days, although some of the terms he coined, such as economic takeoff, are still used to refer to the rapid and catalyzing acceleration of economic growth.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/723eqm/how_an_economic_theory_helped_mire_the_united/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~215557 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*: **economic**^#1 **Rostow**^#2 **development**^#3 **communism**^#4 **Vietnam**^#5"


> But the good news is if they implement their policy unfairly, then they'll get slapped by the invisible hand and go broke  That's completely untrue though.  Companies get away with so many things and they are only given token fines.  Just look at Nestle, BP, Goldman Sachs, HSBC.


"In almost all cases, gifts from employers are considered taxable compensation, based on the employer-employee nature of the relationship. Furthermore, cash gifts are always considered to be intended as wages, regardless of how you receive the money. Furthermore, regardless of whether you expect to receive anything in return (such as contractual consideration) or whether the amounts are large enough to be declared as taxable personal gifts, it is likely that the IRS would consider these payments to be ""disguised wages"", as these payments would fail several tests that the IRS uses to determine whether benefits provided by the employer are non-taxable, including: I'd recommend reviewing IRS publication 535 here, as well as publication 15-B here for more on what constitutes taxable wages & benefits. It seems very unlikely to me that you could make a persuasive legal defense in which you claimed to be working full-time for $60.00 per year and just happened to be receiving large personal gifts of $130,000.00. In my opinion it seems much more likely that these payments would be found to be taxable wages for services rendered."


"EDIT quid keenly identified the 1:7 reverse split In May 2017.  In a 1:7 reverse split, your shares are worth 7 times as much per share but you have 1/7 the amount of shares.  A share worth $3.78 now was worth (all else being equal) $0.54 a month ago.   So a call with a $2.50 strike a month ago was well out-of-the-money, and would now be the equivalent of a call with a $17.50 strike.  A $17.50 call with a $3.78 underlying (or a $2.50 call with a $0.54 underlying) would reasonably be worth only 5 cents. So I now suspect that the quote is a stale quote that existed pre-split and hasn't been adjusted by the provider. OLD ANSWER I can find no valid reason why those calls would be so cheap.  The stock price has been trending down from its onset in 2000, so either no one expects it to be above $2.50 in a month or it's so illiquid that there's not any real data to evaluate the options.  They did pay some massive (30%) dividends in 2010 and 2012, they've been hemorrhaging cash for the past 4 years at least, and I have found at least on ""strong sell"" rating, so there's not much to be optimistic about.  NASDAQ does not list any options for the stock, so it must be an OTC trade.   With an ask size of 10 you could buy calls on 1,000 shares for $0.05, so if you can afford to lose $50 and want to take a flyer you can give it a shot, but I suspect it's not a valid quote and is something that's been manufactured by the option broker."


First of all, consult an accountant who is familiar with tax laws and online businesses. While most accountants know tax laws, fewer know how to handle online income like you describe although the number is growing. Right now, since you're a minor, this complicates things a bit. That's why you'll need a tax accountant to come up with the best business structure to use. You'll need to keep your own records to estimate your quarterly taxes. At the amount you're making, you'll want to do this since you'll pay a substantial penalty at the end of the year if you don't. You can use a small business accounting software package for this or just track everything using Excel or the like.  As long as taxes are paid, you won't go to jail. But you need to pay them along with any penalties by April 15, 2013. If you don't do this, then the IRS will want to have a 'discussion' with you.


That doesn't sound like valid logic. If there were sufficient roi for the automation work, it will happen sooner or later. They would hire more people, full time or consultants, to do it. Wouldn't algorithmic trading be a separate and more specialized skill set than robotic process automation?


ETFs baby. Everyone and their mom has their money in the markets/vanguard  Once the markets have an inevitable correction or one of the tech companies have a corporate event that weighs down on the industry:   They're going to start bleeding flows. And that will bring the returns down. Which will lead to more flows. Which will bring the returns down. Etc.. and etc...  Thus cracking the market framework.  Companies are highly leveraged because of the low rate environment so when debt:equity ratios start increasing - personal/institutional buyers start their flight to quality and start pulling out of small, mid caps with leverage.  Small business cracks.  Trump saves the day with corporate taxes!  And we all burn in a North Korean fire


"that would deprive me of the rental income from the property. Yes, but you'd gain by not paying the interest on your other mortgage.  So your net loss (or gain) is the rental income minus the interest you're paying on your home.  From a cash flow perspective, you'd gain the difference between the rental income and your total payment. Any excess proceeds from selling the flat and paying off the mortgage could be saved and use later to buy another rental for ""retirement income"".  Or just invest in a retirement account and leave it alone.  Selling the flat also gets rid of any extra time spent managing the property. If you keep the flat, you'll need a mortgage of 105K to 150K plus closing costs depending on the cost of the house you buy, so your mortgage payment will increase by 25%-100%. My fist choice would be to sell the flat and buy your new house debt-free (or with a very small mortgage).  You're only making 6% on it, and your mortgage payment is going to be higher since you'll need to borrow about 160k if you want to keep the flat and buy a $450K house, so you're no longer cash-flow neutral. Then start saving like mad for a different rental property, or in non-real estate retirement investments."


"Relax im not picking on you, I just think its hilarious that people actually think saying ""my college's student investment fund valued this stock"" holds any legitimacy. Also, if i was back office I wouldnt be an IB analyst would I? So your dig at me doesnt make any sense."


What if Kirtsaeng were only acting as a foreign agent of the purchaser?  Seems like that would be an easy work around.  Instead of selling the book, he could charge a service fee for making the purchase for someone else.


Not true. Obviously it's the end goal but right now the priority is clearly to grow the user base and make reddit more accessible. Do you think companies like Uber who absolutely haemorrhage money are thinking that profit is their top priority? No, it's about growing the user base. There's arguably more value in that these days for tech companies.


Canada doesn't tax non-residents on income earned/incurred outside of Canada. So, your sister should start with this page to determine the residency status. If she is indeed determined to be non-resident - she should look here to see her obligations. If all she earns she earns outside of Canada - her obligations will be very little, if at all. This is similar to almost any other country in the world, with the notable exception of the United States of America. US citizens are taxed regardless of their residency status, everywhere in the world on worldwide income (unless tax treaty says otherwise).