The economy is not zero sum. Just because one group is experiencing exponential growth, doesn't mean they're exploiting others to achieve it.   To figure out whether or not those people deserve their wealth we have to examine exactly how it was accomplished. Did they lobby to shut out competitors? Did they take advantage of IP laws? Did they receive subsidies? Did they benefit from tax credits? Did they use eminent domain? And for each of these questions, follow up with the question of how much these actions affected their bottom line profitability.  Anything less than this level of examination is lazy analysis, and should be regarded as such.


In other words, to a first-order approximation, the S&P 500 is always at an all-time high. I'm going to run with this observation a bit. The crash of '87 was remarkable. It was a drop of 1/3 in a short time, yet, when one looked at the year, the Dow was up nearly 5% with dividends included. A one-year Rip Van Winkler would have woken up thinking it an unremarkable year.  I actually recall a conversation I had on Aug 25th 1987. I was discussing the market with a colleague over lunch, and while I didn't call the top that day, I remarked that it didn't matter much, that 5-10 years later just staying in the market would have been the right thing.    Compare this 87-95 chart to the longer term chart derobert shows. In his chart, this is all but a blip. In my chart you can see it took about 3-1/2 years to be in the black, as the market then shot up from there. A dollar cost averager would not have bought at that short term high, well not more than a tiny bit.  The best I can do to conclude is to say I'd never just buy in all at once. You buy in over time, X% of your income each month, and if you have a chunk to invest, smooth it out over a few years.


Can I wire transfer money from the my NRO account in India to my checking account in the USA?  Yes you can. However there is some paperwork you need to follow. As per FEMA [Foreign Exchange Management Act], any transfer by individuals outside of India need the 15CA & 15CB form. The 15CB is from a CA to state that taxes have been paid on the funds being transferred. The limit is 1 million USD per year. Read more at Liberalized Remittance Scheme and here. Any limit on the amount and do I have to report this to IRS or any other legal formality? Assuming you were already declaring the funds held in Banks outside of US in your regular IRS filings, there is no other formality.


Your statement makes it clear that you have no idea whatsoever how money circulates through the economy.  Pray tell, what percentage of U.S. GDP is consumer spending?   You completely failed to grasp the relevant parts of the hypothetical scenario.  The takeaway was that if 1 person has the same amount of income as several thousand people, the several thousand people will spend a vastly higher percentage of that same number. The rich don't have to spend their income. The poor and masses spend most of their income. To your comment about someone making $50k and spending $45k needing to improve their financial decision making... Well yea. But that's not the reality we have in America. I don't have the exact number handy, but you do realize that there are over 100 million people in this country who are not able to save $5,000 a year, correct?  I wasn't making any sort of statement on what I think the proper tax rate should be on the wealthy, I was just telling you (along with everyone else here) that the rich don't spend as much of their incomes as the rest of society. But since you asked, probably 43% on income north of $700,000.


Thanks for the detailed reply. One thing that makes me furious is that whenever something screws up in other sectors (such as contaminated drugs, or a residential tower catching on fire), we always take necessary steps to prevent it from happening again.   But for the financial sector, when they screw up there's this careless hand waving: Sorry, nothing could've prevented this... nothing can be done... perfect storm... market forces... those subprime mortgagors should've paid up...   Like, seriously? We're just supposed to sit back and let it happen again and again? I never borrowed a cent from any bank in my life, yet I still got royally screwed by the recession in terms of where I am in my professional career. This goes for millions of other people too.   Something needs to be done. Of course every regulation has its drawback, but as long as the benefit outweighs the detriment, I'm absolutely for it.


This will depend on you. Some types of counselling such as CBT or solution-focused therapy are often six to eight sessions. Whereas psychodynamic counselling will tend to be for a lot more sessions.  Company Name: The National Counselling Society  Address: 19 Grafton Road Worthing West Sussex BN11 1QT UK   Phone: 01903 200666 Email: admin@nationalcounsellingsociety.org  Website:  https://www.nationalcounsellingsociety.org/find-counsellor/


Just a thought, but have you considered approaching your sister about assuming the student loans or repaying your mother (even if it is a small amount/month) for financing her college education? If she is in her last year of college, in theory she should be earning at least some income within the next 2 years. Also, it doesn't seem like a lot to ask considering the sacrifices (both financial and otherwise) that a single mom probably made over the years. I'm sure your mom would be hesitant to ask as it seems like she prioritizes her children above herself by your description of the situation, but I bet if you could talk the sister into the mom would grudgingly accept it if she really is in such a tight financial situation.


If I were in your position, I'd start reading about the job on my spare time. There are lots of good books that are available free if you know where to look *cough pirated*  A couple of titles to start you off. (note I haven't personally gone through all of them)   Market Risk Analysis - Carol Alexander  Modeling Risk: Applying Monte Carlo Simulation, Real Options Analysis, Forecasting, and Optimization Techniques-  Johnathan   Derivatives: Markets, Valuation, and Risk Management - Robert E. Whaley   Best of luck.


Take the easy approach - as suggested by John Bogle (founder of Vanguard - and a man worthy of tremendous respect). Two portfolios consisting of 1 index fund each. Invest your age% in the Fixed Income index fund. Invest (1-age)% in the stock index fund.  Examples of these funds are the Total Market Index Fund (VTSMX) and the Total Bond Market Index (VBMFX). If you wish to be slightly more adventurous, blend (1-age-10)% as the Total Market Index Fund and a fixed 10% as Total International Stock Index (VGTSX).  You will sleep well at night for most of your life.


"That's just your bias. You'll get over it.   Back in the 80s when cruise control was really taking off, people were scared of letting the car do that one task. ""What if it doesn't let go and keeps the gas pedal down?"" ""What if it decides to floor it and drive me off into a ditch?"" Today, almost every car has cruise control and you don't think twice about turning it on. It's proven itself with a safe track history, so you trust it. There are absolutely instances of cruise control failing, but statistically, those outliers don't matter. Full automatic driving will be the same way. You'll learn to trust it, even if it doesn't have a perfect record."


No, as in just coming up start up. I'm sure that's the case but then again there must be some basic software that can make my life easier right? Like accounting softwares, etc that do not depend on the industry the startup is working in. Any?


> It was interesting to read the data regarding student loans, and the type of impact it has had to borrowers. The Fed did not necessarily signal the economy is in trouble, but a great deal of households don't have adequate savings to sustain against a moderate financial shock.  One of the impacts of the student loans -- or one they didn't seem to mention -- is that there are *fewer* households being formed than there normally would be given the population demographics... young people are not only staying in school longer (and piling up more student debt just from that, in addition to the higher tuition aspect), but when they get out fewer of them are establishing their own homes (with all that that entails in terms of spending) and/or they are spending a lot LESS on those things than past cohorts have (and of course higher rental & utility and other costs -- along with flat wages/salaries -- haven't helped that part of the equation either).


Paying down your mortgage now will decrease the total cost of your home loan and the time period for which your loan lasts. Even if you trade up in that time period, you will be that much closer to being free of house payments. Owning your home outright gives you a significant amount of freedom to consider less lucrative and more personally fulfilling career options- especially if your work environment becomes unpleasant. It can also help you weather the storm of a job loss more easily (though you should also build an emergency fund). Homes are depreciating, illiquid assets with significant transaction fees. It is wise to get a starter home that meets your current needs and move up to a home that better meets your needs as you mature. However, getting on the status treadmill and buying large showy homes that generally exceed the utility that you get out of them is expensive, a poor investment, and often impairs the ability to generate long term wealth.


"There are places that call themselves quant funds that are like what you describe, but most are not. ""Quant fund"" can just about mean anything from ""we use computer screens when we read 10-Ks"" to ""our PhDs write signal processing programs without even knowing what the input data represents, and we run those programs with no manual intervention."""


UBI is actually a neoliberal tool to combat poverty, and support for it among the left only further cements the neoliberal agenda. Social security was meant to address inequality, not poverty, and was a form of socialism of income. UBI does not try to address inequality and as such justifies its existence.


The US is boxed in by its own trade policy, intentionally, so we can't, its [barred by free trade deals](http://www.pnhp.org/sites/default/files/Nick%20Skala%20GAT%20and%20Health%20Reform.pdf) since 1995, the three we are working on will even [bar it in other countries](http://www.oneillinstitutetradeblog.org/slovakia-prevails-investment-treaty-claim-concerning-universal-health-coverage/).   This kind of reason is what all the secrecy is for.


They remain navigable, so with enough warning they can fly out of the path. Which sort of sucks since it mans you lose connectivity *during* the hurricane.  From the videos, they say they fly these balloons into the stratosphere, up to 65 thousand feet; they may be able to fly these *above* the hurricane if it is small enough. Not sure if they would be too far away to provide LTE connectivity during that time though.  I don't think they can come down and be re-launched the way another comment said. They have a custom launching hardware you can see in the videos, and they would essentially need to re-inflate the balloons. Keeping this equipment safe and operable during a hurricane is going to be the real challenge with this, and afaik they only have a few launchers, and then juts fly the balloons to be in place, so much more likely they would fly them out of the way, then fly either those balloons or new balloons in place after the hurricane has passed.


">> (NK and Iran with nuclear weapons, both say publicly ""death to America"").  > Iran's nuclear facilities are under 24/7 inspections by the US and IAEA.   LOL!!!!! Reminder from history: Bill Clinton signed a contract with NK and even gave them nuclear reactors ""to prevent NK from having nuclear weapons!"". LOL!!!!! Do I have to explain you what happened few years later on?  Then came Obama and did the exact same with Iran. Do you really believe that Iran will not have nuclear weapons? Really? Why did the USA and UN imposed more sanctions on Iran again and again, even recently? Do you believe Iran when it says daily ""death to the USA""?  Back to NK: if they even dare to send a missile towards any other country, they will be wiped out from the map, with nuclear weapons you don't even know of."


"I had two points.  The first is that personal anecdotes are worthless.  The second is that these collectivized statistics are meaningless.  It's the same thing as ""median salary"" in a state or something.  The median salary is such a useless statistic.  How does a median salary affect me if I'm making X?"


I think rather than simply being about a surge in demand for craft and local food, this might be a short-term consequence of millenials' delaying the start to their families. I went to chilis, applebees, ruby tuesday's, and other mid-tier, dine-in restaurants when I was a kid for what could be the same reason as every other kid: the food was better quality than McDonald's but still relatively cheap, the atmosphere was family friendly, and you could trust the continuity of the foregoing across different cities. Millenials like local and craft vendors when they have the money to spend, but they still love the hell out of some Popeye's and Chick-fil-a, which are anything but local.  Why go to RT's if you don't have the problem of having to feed a bunch of picky kids who wouldn't know the quality of local fare anyway? Just my take.


Have you been looking for a flower arrangement for your office? Maybe to say thank you to friends or family for their help? No matter what sort of flower arrangement you are looking for, we can provide you with everything that you need to make it look great. #Calgary #Flower #Delivery #Florists #Shops


There was a 60minute special on it this past Sunday. Quite interesting to watch, but I can't say I blame them because it is true that the Chinese copy and steal other comapny's innovation and use it as their own.


As a side note, how come airlines don't accept cash for in-flight beverages, headphones etc...  I'm guessing this is tied to their trust of their employees, or because they don't want to give any incentive for violence/unrest on the plane (ppl trying to steal the cash), but neither really make sense to me.


"I was in a similar situation, and used FX trading to hedge against currency fluctuations. I bought the ""new"" currency when the PPP implied valuation of my ""old"" currency was high, and was able to protect quite a bit of purchasing power that I would have lost without the hedge. Unfortunately you get taxed for the ""gain"" you made, but still helpful.   In terms of housing market, you could look into a Ireland REIT index, but it may not correlate well with the actual house prices you are looking for."


they were terribly run with uncompetitive prices. I mean I took one walk through a newup and comer like HH Gregg and I was impressed. Limited selection of products but for what products they carried they had a nice range of cheap but workable to expensive but justified priced hardware. Where as Sears had two year old models of TVs selling for the prices of this years. And Kmart is just scuzzy.


As per Chad's request, I recommend that you keep at least one card in each name  as primary card holder, with the spouse being the secondary  card holder, most easily done by each adding the spouse as the secondary holder to his/her own card. Since credit reporting is usually in the name of the primary credit card holder, this allows both to continue to have credit history, important when the marriage ends (in death or divorce as the case may be). When you travel, each should carry only the  cards on which he/she is the primary card holder; not all  cards. This helps in case of a wallet or purse being stolen;  you have to report only one set of cards as lost and request  their replacement, and you have a set of cards that you can  use in the mean time (as long as you are not in different  places when the loss occurs).


SharePoint 2010 helps you cut costs with a unified infrustructure while allowing you to rapidly respond to business needs. Blue Label Hosting’s hosted solutions can save you 50% or more of what it would cost you to do the same in house.


"What options do I have to transfer money to UK from Pakistan ? You can do a SWIFT / International Wire. Most Banks in Pakistan will allow you to do this. Note: Pakistan still Manages Forex and it is not freely convertible. You would need to comply with Foreign Exchange Act. You have to fill Form ""M"" giving the details and purpose of remittance.  In these 5 years they bought 2 properties on my name for me worth around £12000 x 2 = £24K, based on currency conversion rate of that time. You would need to pay capital gains on this sale in Pakistan. You would also need to declare this gain in UK and pay taxes accordingly. Some relief can be claimed under DTAA [Dual Tax Avoidance Agreement]"


Would make sense that the higher liquidation cost and Transaction costs are driving the share price down.   Higher liq and transaction means higher investors would require higher return, driving down the share price. The other possibilities I can think of off the top of my head, based on looking at the firm for five minutes  1) In transaction costs, did you include tax? Disclaimer: math below done on the back of the envelope in between meetings;  So, NAV says they are at ~$75M. Liquidating that entire portfolio means about 22% capital gains tax rate. Which means after tax value is about $60M. Add in any fees you'd incur from trying to sell this stuff, and it's not unreasonable to assume you'll only get about $55M once all is said and done, which is pretty close to the actual market cap.   If you have accounted for the above, consider ;  2) Bulk of their investments seem to be in private assets. Which implies that they have some discretion in how they mark the value of those investments. And, there is the chance that the market doesn't have confidence in these guys. What's their performance been like in recent years? Especially with a private asset portfolio, I'd be weary.   If I was to invest in them, I'd want a higher return for the opaque portfolio.


If you will leave the money invested for a good long while (years) then dividend paying stocks would be appropriate. There are many that pay yields of 3 to 4 percent, which you can take as income or reinvest to compound the growth. There is a lot of good analysis of stocks (and mutual funds that specialize in dividend paying stocks) at Morningstar.com


"> Another way of looking at it: most people think that the way to promote hiring women is to make them better potential employees, but another way to do it is to make men worse potential employees (by giving them the same time off).  Nothing more than lowering the bar.  Just like all the misinformation thrown around about the ""assault on women"" and the fictitious ""pay gap"", a majority of women *choose* to be the family member that takes time off from work.  Making men ""worse potential employees"" doesn't change much since women will still choose to take the time off.  As a result, you have *two* people not showing up for work, as opposed to just one."


"I'm trying to see where you're coming from -- I'm trying real hard. While I think you're entitled to your opinion, I think it's a bit harsh.  Is it the most amazing piece of literature I've ever read? No. That aside, she makes some very good points to the whole ""Startup"" mentality. While there are companies/startups that don't fit in to that mold exactly, a vast majority of them do."


Go for 15 years loan - Lower interest rate over 2-5 years period. If you can afford to pay 20% down then please do. Do not assume the average ROI will +(8-10%). It all depends on market and has variable factors like city, area and demand.


"Considering Android has 85% of the smartphone market according to the article and you'd be hard-pressed to find an Android phone smaller than 4"" screen I'd say you're absolutely wrong.  The ""average"" person certainly does want a bigger phone."


I think the debacle they are referring to for Facebook's IPO is the Nasdaq debacle.   Nevertheless, Wall St ripped off retail investors pretty good with Facebook's IPO.   * Step One: Hype up major online company * Step Two: Overvalue IPO * Step Three: Sit back and watch the money roll in * Step Four: Watch all those suckers take losses and maybe even short the stock to make more money.  * Step Five: Repeat with next IPO.   Just business as usual with Wall St, when will America ever learn?


I live in Upstate NY. It's a great, reasonable cost place to live -- provided that you have a job.  In NYC, there are probably a few hundred jobs with duties similar to mine in a 45-minute radius. Upstate, there may be 5-6.


"Oh, I don't doubt they're available - after all, I did pick one up. But I hope you're not just saying ""Oh, they don't have a job? They must be dirt"". You never know - some may still have yet to be the right person, in the right place, at the right time. Regardless of effort. Regardless of talent."


Prices are adjusted for return and not payout.  So if you take the ratio of the close price and the adjusted close price, it should remain constant. The idea behind a total return (back-)adjustment is to give you a feeling how much money you would have needed back then to reach the price today under the premise that all distributions (dividends, spin-offs, etc.) are reinvested instantly and that reinvestment doesn't cost anything.


Employers will only ever pay the lowest salaries they can get away with.  High tech labor needs to quit working for peanuts. When they realize they need us to keep the world turning, they will be forced to pay more.  This is nothing new. It is a matter of respect.


"1.65% is the annualized interest rate. If it is pail semi-annually, you'd get 8.23 every 6 months.   And yes, if the YC is upward sloping, it means that 30 years t-bills pay higher interest. Thats a premium they pay for having your money locked in for a long time. It makes sense if you consider that they'd pay you that rate (say 2%) for the next 30 years. If for some reason interest rates in 25 years from now are like 15-20% (like they were 25 years ago) and inflation around the same rate, you'd still only be making 2%, on top of bleeding purchasing power of your initial investment. That's why long-term bonds require a premium.   That being said, sometimes you get an ""inverted yield curve"", where yield's fall with the longer maturities. Look that up."


"I assume there is a large amount of competition. Ask yourself: ""What makes you better or different from other drivers?"" If you have an answer, then make it more obvious to customers. If you do not have an answer, then make yourself better or different from other drivers and let customers know.  Example: In Chiang Mai, you can get delicious street food just about anywhere. How do you separate yourself in a sea of strong competitors? One lady started wearing a cowboy hat, it was different. People take notice and remember the hat. People only remember the 'cowboy hat lady.' Now you can type into Google ""cowboy hat lady"" and her food stand comes up."


Yep.  It's psychological. Same thing with Amazon and shipping costs.  I don't pay shipping with Amazon because I let them take a few days to get the product to me.  In reality, I absolutely do pay for shipping, but it's indirectly baked into the cost of the product itself. It's great seeing the cost upfront when deciding whether or not to buy it.  It sucks to see one price then get hit with a ton of BS charges when checking out.


"No, it's not fair usage at all. Maybe meets a legal definition of fair usage, but it's not what we'd consider a ""straight faced"" claim. Any amount of chicken added to a recipe is ""100%"" chicken. A molecule of chicken in a recipe qualifies it to include ""100% chicken."" It's tautological. It's designed to make you believe the product is more wholesome or free of additives than it actually is. It's a psychological scam, like pretty much all packaging and marketing."


"Life insurance is not required to be used to pay the debts of the estate. Life insurance proceeds are not part of your estate. They go   directly to the beneficiary, and are their property.  Your daughter   can do whatever she wants with the proceeds. She can pay off your credit cards if she wants, but she doesn’t have   to, even if your will said she should use the insurance money to pay   your debts. If that’s what you really want, you should make your   estate—not your daughter—the beneficiary of your insurance policies.   Then, the proceeds will become part of your estate, so they’d be   available to repay your debts. Source ... if the deceased owned life insurance and nominated a beneficiary   of the policy, the proceeds of that policy would not pass into the   deceased's estate, but would go directly to the nominated beneficiary Source The amount of the life insurance is included in the estate for the purpose of calculating estate tax, but not for the purpose of debt repayment. The estate for the purpose of estate tax is called the ""Gross estate"" and includes many things that are not included in a ""probate"" estate.  Source"


If you want to spend all of your money in the next few years, then a CD protects you from the risk of a bear market. however, if your time horizon is longer than 10 years, then the stock market is a better bet, since it is less effected by inflation risk. also, as you point out average stock returns are much higher, ignoring volatility.  On the whole, CD's appeal to people who would otherwise save their money in cash.  generally, it seems these people are simply afraid of stocks and bonds because those securities can lose nominal value as well as real value.  I suspect this is largely because these people don't understand inflation, nor the historical long-term index fund performance.


"I'm guessing a 6 figure income but I'd settle for upper middle class. I've not looked at what the top 20% of income statistics look like. They likely include a sector of ""sub rich"" or even sub super rich if you will that heavily finance the lifestyle. It's getting hard to define what rich really is because the inequality is so great. For many rich would be simply doubling or tripling thier income. The reality is that rich now means exponentially richer."


I really hate to say this, but part of the problem with society is people like you.  Too many people find it very easy to justify doing things they know is wrong.  The fact that doing something illegal/unethical is what gives you pleasure, as opposed to doing something good/worthwhile, is very sad.


"> I'm sorry you never learned that we should work to live, not live to work. Its truly sad.  I'm not in this group, but there are lots of folks whose work is actually something they are passionate about and they'd do it anyway. Not everyone is secretly pining to work as little as possible(though a lot of people are, I'm sure.) Don't slam it with some aphorism about how we should ""work to live"" when some people feel their work is their ""purpose""(the musks of the world).   Just different goals. Your friend in Thailand sounds like he has a wonderful life, I'm not knocking it."


I think precious metals as an investment might set one up for disappointment.  Why does it seem to continually decline despite the variance?  As many have noted, there isn't much productive use for precious metals, and no major wars are taking place, so they aren't being used as currency substitutes, not to mention that more is being pulled out of the ground every day. The real reason why this graph shows silver to decline in real value over time is because its using a suboptimal price index.  An optimal one would most likely show a stable price over the long run. Silver is a great speculation if one can determine with high confidence the direction.


One year is short term -- short enough that trying to predict returns is a crap shoot. Frankly, if you will need the money in one year I wouldn't touch anything riskier than a money market account. $5000 also isn't enough to give you much flexibility in achieving a balanced portfolio, since the minimal initial purchase for mutual funds is often around $2500. (I'm not sure whether ETFs would give you any more flexibility.) So on grounds of both size and time horizon, I have to recommend against this plan. The risk of losing money, with insufficient time for gains to balance that risk, is simply too high. Others may feel differently, of course. But that's the best advice I can offer.


Yes and No. See Q14 on this following Dept of Labor page: http://www.dol.gov/ebsa/faqs/faq-consumer-cobra.html In particular, note:  Coverage begins on the date that coverage would otherwise have been lost by reason of a qualifying event and will end at the end of the maximum period. It may end earlier if:...   After the COBRA election, coverage is obtained with another employer group health plan that does not contain any exclusion or limitation with respect to any pre-existing condition of such beneficiary. The max coverage you can get is 18 months (under some circumstances 36 months), but make sure to review the limitations/possible reasons for it ending earlier that are described on that page. Your HR/benefits person can advise you - I'd certainly touch base with them.


"I used H&R Block this year 2013 to do my 2012 taxes and it was a snap!  Ubuntu 12.10 with Firefox 20 and everything worked great!  Although it is not listed as one of the ""supported"" platforms, Firefox breezed through the application without any problems.  I used the deluxe version of H&R to calculate my mortgage and home business deductions, but I would guess any of the H&R versions work."


I debited the principal and interest accruals to an asset account and credited an equity account Why equity? This is clearly income. Generally, except for open balances and additional owner's investment - you wouldn't credit the equity accounts, ever.


The recommended way to track TSP funds in online portfolio tools is to track the underlying index and know that the results are pretty close.   Not a perfect solution: :( Source including suggested ETFs: http://finance.yahoo.com/news/breaking-down-tsp-investment-funds-194600393.html Related, but not exactly what you are looking for, Personal Capital will track your TSP holdings: http://themilitarywallet.com/manage-thrift-savings-plan/


De Haardout Handelaar biedt het beste kwaliteit brandhout in Nederland. We hebben hout uit een breed scala aan natuurlijk hout zoals de Birchboom. Onze ovendroogde brandhout zorgt voor efficiëntie tijdens het branden en is geschikt voor diverse doeleinden zoals open haarden. Het hout bevat minder vocht en biedt meer brandtijd.


"Q) Will I have to submit the accounts for the Swiss Business even though Im not on the payroll - and the business makes hardly any profit each year. I can of course get our accounts each year - BUT - they will be in Swiss German! You will have to submit on your income from the business.  The term ""partnership"" refers to a specific business entity type in the U.S.  I'm not sure if you're using it the same way.  In a partnership in the U.S. you pay income tax on your share of the partnership's income whether or not you actually receive income in your personal account.  There's not enough information here to know if that applies in your case. (In the U.S., the partnership itself does not pay income tax - It is a ""disregarded entity"" for tax purposes, with the tax liability passed through to the partners as individuals.) Q) Will I need to have this translated!? Is there any format/procedure to this!? Will it have to be translated by my Swiss accountants? - and if so - which parts of the documentation need to be translated!? As regards language, you will file a tax return on a U.S. form presumably in English.  You will not have to submit your account information on any other form, so the fact that your documentation is in German does not matter.  The only exception that comes to mind is that you could potentially get audited (just like anyone else filing taxes in the U.S.) in which case you might need to produce your documentation.  That situation is rare enough that I wouldn't worry about it though.  I'm not sure if they'd take it in German or force you to get a translation. I was told that if I sell the business (and property) after I aquire a greencard - that I will be liable to 15% tax of the profit I'd made. I also understand that any tax paid (on selling) in Switzerland will be deducted from the 15%!? Q) Is this correct!? The long-term capital gains rate is 15% for most people. (At very high incomes it is 20%.)  It sounds like you would qualify for long-term (held for greater than 1 year) capital gains in this case, although the details might matter. There is a foreign tax credit, but I'm not completely sure if it would apply in this case. (If forced to guess, I would say that it does.)  If you search for ""foreign tax credit"" and ""IRS"" you should get to the information that you need pretty quickly. I will effectively have ALL the paperwork for this - as we'll need to do the same in Switzerland. But again, it will be in Swiss German. Q) Would this be a problem if its presented in Swiss German!? Even in this case you will not need to submit any of your paperwork to the IRS, unless you get audited.  See earlier comments."


The futures market allows you to take delivery at the lowest cost.  Most people don't deal in 100oz gold bars and 5000oz of 1000oz silver bars though, especially at the retail level.  That said, when you are at the retail level, often times you will find reputable Internet dealers offering the lowest cost of ownership.  Keep in mind brand name though when you're doing this.  Reputable refiners/mints will often see higher premiums versus generic, and this does matter to some extent. Quantity and weights also matter in terms of pricing; the more you buy the lower the premium.


No one has considered the tax write off at the end of the year? Will the house be in the parent's name or his, and can one of them take a write off for taxes and interest at the end of each year? On a small salary this may mean he has no tax liability for the four years, and can possibly make up the extra buying costs.... also, look at the comps in the area for the past five years and see if home values have increased and turnover rate for the area will tell you if people are buying in that area...


Taxation is theft. So you are right there is no fair share of theft. And you are right we don't hold our state to the same standard as we would any other gang that demands a cut of your income. But you want to hold people that we voluntarily do business with to a higher standard than those that steal from us?


The question is valid, you just need to work backwards. After how much money-time will the lower expense offset the one time fee?  Lower expenses will win given the right sum of money and right duration for the investment.


Cynical answer: Real Estate agents make money on commission from sale of houses, so their compensation is tied to the home price. Banks make money off loans, so it is in their interest to make larger loans (as long as the loan gets paid).  So their is a tension at the bank between selling a larger mortgage, and ensuring that their customer can pay the mortgage. Gross income is easier to check, and the taxes at a given income are fairly predictable.  And banks realized that people can change their medical and retirement deductions.


"If you take the argument that the larger the purchase, the more important the CEO then you look at the two largest purchases consumers make... a house and a car. The house we can eliminate because there aren't any CEOs or companies involved... well, unless you want to look at the banks hosting the mortgages.  When it comes to cars I can tell you from my experince that the company or CEO never entered into it. I decided on a make and model based on reliability and price and never once comsidered the company backing it. Turned out to have been a mistake because I bought a Chrysler and most of the local dealers went out of business shortly after I bought it.  Car purchases are largely an emotional deal, not an intellectual or financial one. The best brands sell you on what you feel about the brand, not what you know about the brand. Heck, there have been reams and reams written about ""selling the experience"", which is what companies like BMW, Apple and REI all do incredibly well.   I think you'd find that if you replaced ""water"" with ""automobile"" you'd get a similar result. Who was the CEO of Chrysler when I bought my car? No freaking clue. At all. I still don't know."


Let's say a stock trades at $100 right now, and you can buy a $100 call option. When you buy the call option (and the money you paid is gone), one of two things can happen: The share price goes up, or the share price goes down.  If the share price goes up, you profit. If the share price goes down, you don't lose! Because once the shares are below $100, you don't exercise the call option, and you don't lose any money.  So if you have a share that is rock solid at $100, you don't make money. If you have a share where the company owner took some ridiculous risk, and the shares could go to $200 or the company could go bankrupt, then you have a 50% chance to make $100 and a 50% chance to not lose anything. That's much more preferable.


There are a lot of union jobs like that.  I once was a union worker at a plant.  The company had 11 plants, of which two were union.  The two union plants were not coincidentally the lowest producing plants the company had.  My buddy who got me hired there and I kept getting told to slow down and not work so hard.  While I was there, the company fired a worker for sleeping and drinking on the job.  The company had filmed him doing these things.  He fought it.  The union backed him and he won on the grounds that the company had singled him out - there were apparently other people doing these things, but he was the worst so they had picked on him first.  The company was forced to re-hire him.  A few months later, the company shut down the plant and *everyone* lost their jobs.    Go union.


Although the market  discussion by other answers is correct, the  tax structure of many developed nations (I am familiar with Canada in particular) offers a preferred tax rate for dividend income compared to taxable gains. Consequently, if your portfolio is large enough to make transaction fees a very small percentage rate, this is a viable investment strategy.  However, as the preferred tax rate for dividends typically will catch up to that for capital gains at some cut-off point, there is a natural limit on how much income can be favourably obtained in this way.  If you believe your portfolio might be large enough to benefit from this investment strategy, talk to a qualified investment advisor, broker, or tax consultant for the specifics for your tax jurisdiction.


There is nothing inappropriate about this reply, yet I'm bumped down to -1 to make me invisible. That is not how debate is supposed to happen.  If someone disagrees, they should do it in words. Downvotes are for inappropriate conduct.


Are you in the US? Because if so, there are tax discrepancies. Gains from sale of stocks held for less than one year are subject to ordinary income tax, so probably around 30%. If you hold those stocks for a year or more, gains will be taxed as capital gains tax, 15%.  For Forex, taxes on your earnings will be split 60/40. 60% will be traded at the lower 15% rate, while the remaining 40& will be taxed at a higher rate, approximately 30%.  So purely short-term, there is a tax advantage to dabbling in Forex. HOWEVER - these are both incredibly risky things to do with your money! I never would recommend anyone invest short-term looking to make quick cash! In fact, the tax code DISCOURAGES people from short-term investments.


"We're discussing the ""why"" and ""how"" USA companies [ab]use H1B visas, when it is so clear and so obvious that companies do this purely to lower costs, even if there are US workers willing to do the work. The H1B visa is unequivically part of the race to the bottom. You defended it as, ""in an ideal economy...."" without presenting your idea that way to u/Yangoose and even told u/Yangoose they were wrong about how the economy works.  You didn't present your ideas as part of a hypothetical government that had far less regulation or far less corruption than the USA has to u/Yangoose"


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> The idiocy... it's palpable.  I once worked at a company that was stingy with its programmers.  The company needed some more talent and paid some big bucks to raid another local company with the niche knowledge... the new programmer started and one of our guys gave notice.  The other company raided one of ours.


Market Makers are essentially just there to process the buys and sells of traders, so just like you and I buy and sell at the ask and bid prices they do to. They are just completing the process of making our orders a reality. Market makers are just representative of brokers, meaning that when you place your order at ask or bid, you are placing that particular brokers order at ask or bid. People often say that certain brokers have too many shares and claim that they are games when really that just means that there happen to be a lot of people using a particular broker all at once, or more troubling, perhaps even company execs using a broker, to sell a large amount of shares.


> ES_F June today the most recent 5 min bar has 809 volume. while the september has 10616 volume on the same bar.  on my rolled over contract, the ratio based adjustment has happened last week (9 bus days prior to expiration)  > 1. Commision p/l should be subtracted as actual actual.  absolutely BUT, initially, it is interesting to see if there's a good positive bias in the strategy. then we check whether comm/slippage eats it all. if so we try to play it in an index/etf whatever that charges less c&s/.  agree ?


While you are correct that no broker-dealer ever qualifies for FDIC and it could be sufficient for customers to know that general rule, for broker-dealers located at or 'networked' with a bank -- and nowadays many probably most are -- these explicit statements that non-bank investments are not guaranteed by the bank or FDIC and may lose principal (often stated as 'may lose value') are REQUIRED; see http://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id=9093 .


I guess I didn't fill in all the holes at first, but what I'm implying with this system is that the company bonds would be the currency of the territory, as monetary policy would be decentralized and be replaced by competing money supplies that firms and individuals would be free to choose from and switch between at any time, whether they prefer an easy or tight monetary policy at any given moment.  At this point, the bonds would be the most liquid thing around, as you could repay your bonds in the bonds of another, and any one of these bonds could be used to pay taxes.  It's a scenario I've been working out because I see the drawbacks of centralized money laid out by F.A. Hayek in Denationalization of Money, but I don't think a gold standard would be sufficient in today's world.    (Most of the scenarios I've planned this out in assume the scenario of a perfect competition market, where all firms breakeven with expenses, and the role of researcher and developer is taken up by the government, so life improvements can still occur over time.)


I will add:  1. We need a Business Analyst to evaluate this / we need more data / we need more research, etc...  2. The color, system name, etc are not a good choice and it should be blue / AGURSX system.  3. We need this to meet the deadline of [some made up required date/goal despite the manager having no prior clue about this current proposal]  4. We need changes to meet our limited resources...  5. I will work on selling it to top management, but I need a simplified description of this.  I am in a rush... but I can easily think of 100 more management tricks...


Most US banks allow to initiate wire transfers online. (I do it regularly with BoA and JPMorgan-Chase) Once you have your account details in Germany, you log on to your US account, set it up, and initiate the transfer; that should go through within one day. The exchange ratio is better than anything you would get buying/selling currency (paper cash money), no matter where you do it. Chase takes a fee of 40$ per online transaction; BoA 45$. The receiving bank might or might not take additional fees, they should be lower though (I have experienced between 0€ and 0.35%). Therefore, it is a good idea to bundle your transfers into one, if you can.


"Just remember that the numbers can be quite remote from the realities . Look at the corporations that are crashing and ask yourself - ""would any of the numbers have told me what was going wrong with the corporations and what needed to be done to fix them ?"" . Look at , for example , Sony , HMV , Best Buy etc. ."


People will always eat out.  Waited tables during the last recession, had no problems making money.  I agree with the people in the article, it will discourage tipping and potentially lower their pay.  It has nothing to do with taxes as everyone claims either.


It is unlikely that the plan is worth doing, given the numbers you have used. However, your thinking is correct that given enough of a rate differential, it could be worth doing. Consider that for each $100k of your mortgage [and I assume your limit for an unsecured personal loan is likely far less than 100k], you would save only $50/year by taking out a personal unsecured loan of 3% and paying off your 3.05% mortgage. Instead, such low unsecured rates may be a signal that it would be worthwhile for you to renegotiate your mortgage. You will likely need to pay a fee, but the savings could be significant.  For each $100k of mortgage, a 1% rate change from your current rate saves you 1k per year. So if you can get a mortgage rate of 2% [which may be possible if an unsecured loan costs you 3%], compare the initial administrative fee against those savings, over the course of the term of the renegotiation. ie: $300k saves you 9k over 3 years, so would be well worth even an initial $3k admin fee.


Yes did this. Had 5 years management experience at a state level with industry specific qualifications (financial services). Interview with the dean, written request and I was in on the basis that after the first 4 terms they could either give me a graduate diploma and send me on my way OR let me finish the MBA.   Now I have an MBA.


You need to step back and accept the real truth that she was a TERRIBLE candidate.  In my immediate family I have five brothers and sisters.  Four of them voted for Obama in 2008 and 2012.  None of them voted for Hillary last November.  Same story with so many people I know at work and in my community.  They wanted to vote Democrat but not her.  Anyone but her.


The order book looks fine, if it were a liquid market. However, a bid that matches with an ask will always be met on a first come first serve basis. There's no other way to do it.   Most traders don't like doing that because they want to try to get a lower price. HFT don't have to worry about meeting the ask because they're just going to pass that cost on to the guy on the hook.   By the time the HFT makes the buy they already know the guy wants to buy at 70.00  They did not know that at the time they placed the buy order. If the buy order from the HFT hasn't been cancelled it means they already found someone.  How? By testing the market with sell orders at the same time they were sending buy orders.  They keep a little bit of stock in reserve to perform these tests.


"Right - if you want to blame the banks for the unsustainable ""NINJA"" loans they gave out, you can't turn around and slam them for not lending to people in struggling financial positions. Pick your poison.  A better solution would be for the government to step in to this gap and re-finance mortgages themselves, but the Republican party has made that politically unsustainable."


You don't, because no one will.  (In fact, if you want to patent an *idea* -rather than a process or a design- it probably sucks.)  So you just bring the product to market.  Then you can either move forward patenting it yourself, or demonstrate that it's a preexisting idea and dispute all other subsequent patents.  And the way you bring your product to market is by gambling your life.


My question is, how do you rebuild a home, without the money to rebuild the home? I ignorantly thought that was why we paid for insurance. The reason that you have insurance is so as to keep the mortgage lender from losing money.  That's why you buy the insurance through the mortgage lender and they get paid.  Without the insurance, you'd have no home but still have a mortgage.  You'd either have to pay off a mortgage with no house or have to declare bankruptcy to shed the mortgage.   You essentially have two paths.  If you (or the builder/suppliers) can afford to float the cost, you can rebuild the original house.  You'll eventually get the $161,000 and can pay off the builder and suppliers.  This may involve taking out a construction mortgage to refinance the original mortgage.  Presumably the construction mortgage would be with a different lender.   The other path is that you can sell the existing property as is, and use the insurance and proceeds to pay off the existing mortgage.  Then you'd have no house and no mortgage.  You start over and buy a house with a mortgage.   It's possible that your insurance payoff isn't enough to pursue either path.  Then your option is to get the insurer to make a bigger payoff.  This may involve suing them.  Note that you may be able to talk the government into suing the insurer for you.  They do have regulators who can review things.  If you can't get government action, there are lawyers who will do the suing and take their fees out of their winnings.


Since you reference SS, I surmise you are in the US.  Stock you inherit gets a stepped up basis when it's inherited. (so long as it was not contained within a tax deffered retirement account.) When you sell, the new basis is taken from that day you inherited it. It should be minimal compared to your desire to diversify.


Uber should have crushed Lyft by being the first to market a long time ago. Instead they blew their lead by dumping all their money into   1. Warring with Google, which they will lose, and were always bound to lose, because nobody at Uber has ever heard of NDAs or sunk cost fallacies   2. Tolerating PR scandals until the point where customers actively sought out an alternative not because the product was bad, because Uber was in many ways a superior product, but because they saw Uber as a bad company. And it takes a lot to lose customers in that situation.   What a stupid company.


You should have a separate business account. Mixing business and personal funds is a bad practice. Shop around, you should be able to find a bank that will let you open a free checking account, especially if you are going to have minimal activity (e.g. less than 20 of checks per month) and perhaps maintain a small balance (e.g. $100 or $500).


>I take advantage of this distortion to offer to buy your gold for half its free market value.  This is where I disagree. The price you get *actually is* the market value. If not, you clearly don't have the skills to be trading in gold, and should immediately get out of that business.   But let's continue with your example, where starvation is the *only* alternative. The only thing preventing your death by starvation, is the *ability and willingness* of David Siegel to accept your offer. In your example, he has saved your life.   Ah, but how did he come to be in a position to do so? It took him many years of his life, and he chose to forego many of life's pleasures along the way, to ultimately attain the ability to save *your* life. Suppose he had never done so. Perhaps you would have never ended up with gold, as it would be worthless to you. Or you still would have acquired the gold, and then just died.   As far as the timeshare thing goes, if people are willing to accept a vacation in exchange for allowing someone to attempt to sell them something, I see nothing wrong with them doing so.


"To me, I get what people are saying and don't hold semantic differences against intelligent people who may not have insight into my perspective as an employer. If someone says ""professional development"" instead of ""training,"" sure, it sounds much more slick. Are the two terms materially different? No, and unless there are other indicators of subpar communication for the training dude, it's silly to devote an ounce of energy to giving a shit when the question itself is inherently valid."


The dividends on CD's typically get put back on the balance of the CD depending on the instition.  That money then becomes available to withdraw if you so decide, but if you leave it in the account you will earn more interest.  The interest is compounded off the total balance which includs any dividends that have been added in the CD.  You essentially only get paid out once typically on a CD which is the time of maturity.  After that you have 10 days to either roll this into a new cd and cash it out.  The dividends typically get paid out (or put back on the cd) quarterly, but it depends on the institution as well.   Try going to the following website to find out how much you will make.  You will need to ask your institution if they pay out monthly or quarterly first.  Put in the beginning balance, how often it's paid out, the interest, and months and it will tell you your ending balance. http://www.bankrate.com/calculators/savings/bank-cd-calculator.aspx My suggestion:  Stay away from CD's at this time. The interest rates are too low to bother with.


"Sounds nice in theory, but let's be honest here.  Competition between channels is weak.  There do exist people who go on google, and search for products (though generally, these people are looking for reviews, which they will later go to Amazon to purchase) but most people go directly to Amazon, and use it as a product search engine.  Amazon owns search, they own the marketplace, they own the distribution.  And they get to look at all your data... if and when they see you got a good thing going they can choose to manipulate their listings to favor themselves, and drown you out.  It's easy to say ""yeah, being in the marketplace sucks, just don't do it"".  But if you don't participate in their marketplace, you're probably going to go out of business.  There is not a sufficient amount of competition in the other markets that are viable to go somewhere else. eBay, Sears marketplace, google shopping, they're a pittance."


"There is a legal document called a ""Stock Purchase Agreement"" and it depends on who is the other party to the buyer in the Agreement. In almost all startups the sale goes through the company, so the company keeps the money. In your example, the company would be worth $10,000 ""Post-Money"" because the $1k got 10% of the Company."


For a more philosophical way to approach this, consider money saved as the opposite of money owed: This philosophy works for things which you may be able to borrow for (computer, car, house), but also for things you can't borrow for (retirement, giving to your kids, etc.). As others have mentioned, the 10% suggestion is for retirement, but the actual number depends on your lifestyle. As you can see in this chart, saving 10% of your income means you'll need to work for 51.4 years.


Meebo's toolbar is installed on thousands of site and seen by millions of visitors, giving Google the ability to plug into that. Meebo's developers are quite smart as well, so Google will get them in the buyout. Plus, Meebo's focus has shifted in the last few years from an online chat service to a website toolbar service to an interest profiling service. The latter is right up Google's alley.


Just like everyone should be a waiter for 6 months, I feel like everyone should be a manager too. Three women in their mid-20s will always explode into a cloud of drama. Oppositely, 3-4 middle aged men do the exact same fucking thing.  People are just clicky and gossipy and shitheads. It definitely seems like girls in their mid twenties are the worst, while guys at 40ish are also the worst.


I would add this as comment if I could. Basically a lot of people say you can't beat the interest rate when you invest vs paying off a loan which is typically correct, however you really need to learn how to save money. It's quite easy getting into debt and paying it off but what tends to happen with a lot of people is they continue that cycle when they see how easy it is and never have a decent amount of savings.  I would make the minimum payments or slightly more and then save as much as possible, learn to sacrifice on luxuries which are extremely tempting when you are just starting out to earn good money. I'm not sure about your cost of living but set up a direct debit to take 10% of your salary after tax every month a couple days after you get paid. Having a large lump sum will do wonders for your credit and will enforce good habits


I am sure that laws differ from state to state.  My brother and I had to take over my dads finances due to his health.  He had a vehicle that had a loan on it.  We refinanced the vehicle and it was in our name.  One of our family members needed a vehicle and offered to take over the payment.  Our attorney advised us to be on the insurance policy with them and make sure if was paid correctly. We are in Indiana.  I know it is hard to discuss finances with family members.  However, if you co-signed the loan I think it would be wise to either have your name added to the insurance policy or at least have your brother show proof it has been paid.  If you are not comfortable with that it may be a good idea to make sure the bank has your correct address and ask if they would notify you if insurance has lapsed.  If your on the loan and there is no insurance at the very least if the vehicle was damaged you would still be responsible to pay the loan.


"Turbox Tax states the following:  ""For 2015, the AMT exemption amounts are $53,600 for individual taxpayers, $83,400 for married taxpayers filing jointly and surviving spouses, and $41,700 for married persons filing separately. This is the amount you're allowed to deduct from your taxable income before applying the AMT."""


On re-reading the question, I see that you're self-employed, decent income, but only have an IRA. Since the crux of the question appears to be related to your wanting to put aside more money, I suggest you open a Solo 401(k) account. The current year limit is $17,000, and you can still have an IRA if you wish.


Well....not in my reality.  Chipotle is very prevalent in all cities of America, it is owned by McDonald's.  I'm sure all walks of life frequent the establishment, and I'm sure there are vastly different demographics depending on what region or city you are in. In Chicago where I am from it is mainly middle class whites and blacks that go to Chipotle, between the ages of 25 to 35. Yes, the majority of mexican food throughout America is horribly bad. There are lots of chain restaurants dotted throughout this country that use mexican food's simplicity to make a quick buck, sacrificing quality over profit.  Chipotle profits simply because it is a quick and filling meal for people on lunch breaks. They have never broken our out of places that are work hubs in Chicago because people get real mexican food when they are in residential areas.  The best gringo mexican restaurant IMHO is Xoco, it is  owned by Rick Bayless.....amazing food with lines that stretch a city block long


These cash restrictions are already working in Italy and France. And the reporting of foreign accounts is something that it should have been done a lot of time ago. I'm not sure why the article thinks they are a big deal..


I don't think you understand the multiplier effect.  The multiplier effect does not allow a bank to loan out more money than they have.  The multiplier effect is the theory that when a bank loans out money, that money will come back to the bank in the form of a deposit, which they can loan out again.  With this banking idea, if there were enough popularity, then when they loan out money, they could be getting it back in the form of deposits, that they can lend out again.


Thanks for starting this thread. Interesting to see I'm not the only one that is thinking about this. There's a lot of exchanges out there. I found that coinmarketcap.com gives quite a decent overview.  I found this great website: https://www.coincheckup.com For a complete crypto analysis on every single tradable crypto out there.


Tesla is not planning to sell 100k cars in 2015, they plan to have an annualized run rate of 100k by the end of 2015.  Also, the luxury market is pretty close to 50/50 between large sedans and SUVs, so Tesla figures they can sell as many SUVs as they can sell sedans, and they can almost certainly sell 50k sedans considering they're easily selling 35k without advertising whatsoever and with long wait times and barely having penetrated China or RHD markets.  Also, that 100k is worldwide, not just in the US.


I had an interview with blockbuster head office, United Kingdom in 2011. It was for a senior management type role.  In the interview I asked one of the managers who was on the Board what the company was doing about the like of Netflix and LoveFilm.  His answer stunned me.  He said nothing really. The industry will always need us to distribute films by DVD rental. They need DVD sales. Etc. The model works.   I was absolutely stunned by the whole firms naivety. Declined the job.   Not surprised to see the company fold.   Edit: got date wrong - was sometime around March 2011.


America is planning to make the Dodd Frank act less comprehensive. You can focus your work on what it would mean for financial institutions in terms of reduced regulatory costs but more risky assets. Or if  this could again expose American banks to a domino like collapse in a crisis.


It's difficult to compile free information because the large providers are not yet permitted to provide bulk data downloads by their sources.  As better advertising revenue arrangements that mimic youtube become more prevalent, this will assuredly change, based upon the trend. The data is available at money.msn.com.  Here's an example for ASX:TSE.  You can compare that to shares outstanding here. They've been improving the site incrementally over time and have recently added extensive non-US data.  Non-US listings weren't available until about 5 years ago. I haven't used their screener for some years because I've built my own custom tools, but I will tell you that with a little PHP knowledge, you can build a custom screener with just a few pages of code; besides, it wouldn't surprise me if their screener has increased in power.  It may have the filter you seek already conveniently prepared. Based upon the trend, one day bulk data downloads will be available much like how they are for US equities on finviz.com.  To do your part to hasten that wonderful day, I recommend turning off your adblocker on money.msn and clicking on a worthy advertisement.  With enough revenue, a data provider may finally be seduced into entering into better arrangements.  I'd much rather prefer downloading in bulk unadulterated than maintain a custom screener. money.msn has been my go to site for mult-year financials for more than a decade.  They even provide limited 10-year data which also has been expanded slowly over the years.


"The point of a business is to make a profit. End of story. And, they do pay a fair wage, especially compared to the other mass market competitors, which are not Trader Joe's or Costco. Due to the vastly larger number of items per store they need a different labor model, part of which is paying them less than Costco.  Did you ignore where I said in rural areas they actually are one of the better and better paying low skill employers? Their profit per employee is just under $6,000, while for Costco it is over $18,000 per employee. ""Plenty of profit"" is not a good measure. According to your criteria, Costco should be paying their employees a lot more since they have a much larger profit per employee.   And, no, low skill employees who are easily replaced are generally not going to get paid a lot of money. That is market forces in action.   https://www.fool.com/investing/2016/06/13/what-do-wal-mart-and-target-pay-their-workers.aspx  http://www.payscale.com/career-news/2011/05/target-vs-walmart"


"There are two different issues that you need to consider: and The answers to these two questions are not always the same.  The answer to the first is described in some detail in Publication 17 available on the IRS website. In the absence of any details about your situation other than what is in your question (e.g. is either salary from self-employment wages that you or your spouse is paying you,  are you or your spouse eligible to be claimed as a dependent by someone else, are you an alien, etc),  which of the various rule(s) apply to you cannot be determined, and so I will not state a specific number or confirm that what you assert in your question is correct.  Furthermore, even if you are not required to file an income-tax return, you might want to choose to file a tax return anyway. The most common reason for this is that if your employer withheld  income tax from your salary (and sent it to the IRS on your behalf) but your tax liability for the year is zero, then, in the absence of a filed tax return, the IRS will not refund the tax withheld to you. Nor will your employer return the  withheld money to you saying ""Oops, we made a mistake last year"".  That money is gone: an unacknowledged (and non-tax-deductible) gift  from you to the US government. So, while ""I am not required to file an income tax return and I refuse to do voluntarily what I am not  required to do""  is a very principled stand to take, it can have monetary consequences. Another reason to file a tax return even when one is not required to do so is to claim the Earned Income Tax Credit (EITC) if you qualify for it. As Publication 17 says in Chapter 36, qualified persons must File a tax return, even if you:   (a) Do not owe any tax,   (b) Did not earn enough money to file a return,   or   (c) Did not have income taxes withheld from your pay. in order to claim the credit. In short, read Publication 17 for yourself, and decide whether you are required to file an income tax return, and if you are not, whether it is worth your while to file the tax return anyway. Note to readers preparing to down-vote: this answer is prolix and says things that are far too ""well-known to everybody"" (and especially to you), but please remember that they might not be quite so well-known to the OP."


"Im currently working on the line for a major multinational. They regularly take feedback from us for improvements, and in India, one of those suggestions increased direct sales by (reportedly) over 50%. That suggestion? Put a label on card readers that said ""(company name) Authorized Card Reader"". It cost the company less than $10, and now brings in millions per year."


We do need to reduce the influence of private money in politics, but we do not need the government to get involved in income redistribution.    This is not just.  A just society embraces proportionality. It is, in other words, a meritocracy. Not only, is it morally right, it's also sensible.   If everyone receives the same regardless of effort and contribution, that creates an incentive to work as little as possible. If you punish legitimate success, you harm everyone and perpetuate poverty.  Inequality doesn't matter; poverty matters, and these are not interchangeable issues.


>You keep speaking annually. No one gives a fuck about annual costs. You have to earn the entire degree, so the total cost is what I am concerned with, and what I was speaking to.  Yea, and those in state costs are insanely low, nominal cost of 20-30k with scholarships routinely under 15.  No cheaper conference in the US, so not really sure your point.  >Everyone else in finance laughs at you. If finance professionals are leeches on industry, you are the parasites on the cocks of leeches.  I'm sure - that's why they pay us hundreds (or thousands!) of dollars an hour to tell them what to do.


2 years is right before it becomes inactive.  Otherwise you have to take CE.  Which you need to be somewhere which will keep it updated for you.  I'd push off the CFA route unless you have a decent job available, those tests make the 7 look easy.


There are so many free websites that it's really hard to get customers to pay for your service. On the other hand, quality news apps are rarer, which is why I think subscription-based content on mobile has a wider future than it's online variant.


I think you have to refer to it (i.e. a hedge fund) as more of a legal structure rather than from an investment perspective. Hedge Funds are generally private investment vehicles that require large capital contributions (whether the hedge fund is set up as a 3c(7) or a 3c(1) structure). Doesn't matter what the relative investment strategy is (long only, long/short, levered, distressed debt, model defined, etc.)  3(c)(7) = qualified purchaser status = Min worth of $25,000,000 3(c)(1) = accredited investor status = less than qualified purchaser status, but still requires certain income limits.  Just my two cents.


"Curious, are you asking about average, or the good numbers? The median family doesn't have $2500 to address an emergency. We are a nation of debtors, and spenders. A young couple at .8 is doing well. It means they saved 20% for a down payment, and just bought a house. Not too tough to buy with 5% down, have no other savings, and a student loan to put the debt to equity over 100%.  Older people should be shooting for zero. I semi-retired at 50, and my mortgage is at about 8% of my net worth. 50% would be too high. Others 50+ should have at least 50% equity in their home and nearly half their ""number,"" the amount needed to retire. So, a target is 25% maximum.  These numbers shouldn't impact you at all. You should plan wisely, spend frugally, and prioritize your goals. There are 'zero debt' people out there who make me look reckless, and others who invest in rentals with a goal of keeping them highly leveraged.  Neither group is wrong, what's right for you is what lets you sleep at night."


That's what the board, other executives, and consultants are for, but sometimes you get some hotshot who doesn't heed any advice.    In this case, the business plan was to break the law on a massive scale and use consumer goodwill, scale, and lobbyists to stay alive so maybe he thought the company above sexual harassment laws, too.  Their main corporate culture shtick is to be an asshole, so this was probably a byproduct of that, not the main theme a la Dov Charney.


"I write software myself and was involved in a couple of start ups.  One failed, another was wildly successful, but I did not receive much in compensation. The former I received stock, but since it failed, it was worthless anyway.  There should be compensation for your time in addition to equity in a company.   Any agreement needs be in writing.  In the later situation I was told to expect about a 17%/year bonus, but nothing could be guaranteed.  Translation:  ""It will never happen.""  It didn't, but I meet my lovely wife there so I have that for a bonus. Agreements need to address the bad things can happen.  What happens if one of you is no longer interested in continuing?  What happens if one of you die, or addicted to something?  What happens if one of you gets thrown in jail or disabled?  Right now you are full of optimism and hope, but bad things happen.  Cover those things while you still like each other. It might be enough to have a good salary, and some stock options.  You man not be interested in running the day to day business. Most of all good luck, I wish you all the best!"


Generally you don't exclude cash that is needed to keep working capital going. A firm's need to cash will vary based upon it's AR and AP policies. Some companies that have beat up their vendors and extract harsh payment terms, like Dell and Walmart, often have negative working capital and can therefore be thought of as funding growth on their suppliers cash. Most companies require some amount of cash in their working capital to connect the dots from when they pay their suppliers and when their customers pay them. You need to leave that cash in your working capital calculation and on your DCF.


From the apartment owners perspective what was the purpose of $300? They promised they wouldn't rent it to somebody before you had a chance to see it. But lets say you did see it, and decided you didn't like the view. Would they have to give the money back? if so, why would they promise not to rent it if somebody showed up first?  I would have made it clear, as the owner, what the money was for. It was a $300 fee to delay rental. You would have essentially bought x number of days of delay. You could view it as a mini-short-term rental. Of course there should have been paperwork involved. There should have been been a receipt that at least mentioned the amount of money involved. You may need to pay the amount owed, and may need to determine if you want to sue in small claims court. Of course your agent may have some liability based on your contract with them and any paperwork they signed when the money was sent to the owner. The fact that the bank sided with you doesn't mean the courts will.


You think? I know two places locally that originally did that and threw them out 6 months later because the kiosks caused more problems than they were worth and both places need to hire someone to sit by the kiosks and help people enter their orders.


He's the president of the most powerful country on earth, maybe that's some success?, just maybe, why do people cant accept facts. You have to see his shit everywhere because he is the president that won a democratic election.


"From the article: ""Because of complicated legal and financial constraints I (Abigail) am unable to withdraw my investment at this time...""  BECAUSE:  ""*I still gonna make money off this cause it's HARD to separate this asset from my overloaded portfolio...stocks go up in value and then Yaaaa! Bonanza down the road WITH THE HIGHER STOCK VALUE... but hey, I still love those little snot-nosed children and the scrappy puppies they chase around in my park - yeah, my park as their deadbeat parents don't pay any taxes - of course I don't either, but my accountants can explain all my write-offs every year that gives me a ""No tax due"" notice and usually a refund!""*"


I know a couple of actuaries who are now senior in insurance companies. The study is very hard but you are well rewarded at the end. Both are, I would say, extremely intelligent so it is not a thing to start on unless you are really going to enjoy advanced statistical analysis. If it is your thing, then fine.


"Hmm... Well there are several ways to do that: Go to any bank (or at the very least major ones). They can assist you with buying and/or selling stocks/shares of any company on the financial market. They keep your shares safe at the bank and take care of them. The downside is that they will calculate fees for every single thing they do with your money or shares or whatever. Go to any Financial broker/trader that deals with the stock market. Open an account and tell them to buy shares from company ""X"" and keep them. Meaning they won't trade with them if this is what you want. Do the same as point 2, but on your own. Find a suitable broker with decent transaction fees, open an account, find the company's stock code and purchase the stocks via the platform the broker uses."


"There was recently a Chinese temporary ban of crypto currency platform ICOs, followed by a bunch of fake news of crypto currencies being banned, then some uncertainty instilling official statements. China is improving regulation and oversight for crypto currency exchanges and ICOs. This was much needed, but in the short term people are freaking out and exclaiming that ""Bitcoin is banned""."


You can have a way for people to pay, i.e. some kind of payment gateway. Run as Business: Best create a company and get the funds there. This would be treated as income of the website and would be taxed accordingly. One can deduct expenses for running the website, etc. Run as Charity: Register as one, however the cause should be considered as charitable one by the tax authorities. Only then the donations would be tax free.


I'd say only look for business opportunities in areas where you have quite a lot of specific knowledge, or the ability to learn from someone who already has it.  Further, particularly in a saturated market like the one you describe, you need to have a clear idea of how you're going to be better than other players.  It's not enough to just want to do something to make money.  You need a solid plan and a solid angle on how you're going to be better than others.  If you don't have those things yet for what you're looking at, do more research until you do.  If you never get there, don't bother.  You're essentially saying you want to exploit arbitrage opportunities, which is a legitimate way to make a living, but it requires a LOT of market knowledge, because there are probably millions of people doing the exact same thing.


"The ""hire a pro"" is quite correct, if you are truly making this kind of money. That said, I believe in a certain amount of self-education so you don't follow a pro's advice blindly. First, I wrote an article that discussed Marginal Tax Rates, and it's worth understanding. It simply means that as your income rises past certain thresholds, the tax rate also will change a bit. You are on track to be in the top rate, 33%.  Next, Solo 401(k). You didn't ask about retirement accounts, but the combined situations of making this sum of money and just setting it aside, leads me to suggest this. Since you are both employer and employee, the Solo 401(k) limit is a combined $66,500. Seems like a lot, but if you are really on track to make $500K this year, that's just over 10% saved.   Then, whatever the pro recommends for your status, you'll still have some kind of Social Security obligation, as both employer and employee, so that's another 15% or so for the first $110K.  Last, some of the answers seemed to imply that you'll settle in April. Not quite. You are required to pay your tax through the year and if you wait until April to pay the tax along with your return, you will have a very unpleasant tax bill. (I mean it will have penalties for underpayment through the year.) This is to be avoided.  I offer this because often a pro will have a specialty and not go outside that focus. It's possible to find the guy that knows everything about setting you up as an LLC or Sole Proprietorship, yet doesn't have the 401(k) conversation.  Good luck, please let us know here how the Pro discussion goes for you."


Through talking with the head of our finance department yesterday and a few BI guys, i think i'm gonna learn SQL and Python so I can then move on to something like Tableau with a strong base.   The company will pay for my training of it so I'm lucky with that. Do you have any specific ways you recommend I learn SQL/Python?   I know of CodeAcademy but haven't done too much other research.


There are 2 credit unions in the Metro NY area that are open to everyone: You might also want to check out aSmarterChoice.org to see if there are other credit union options based on where you live, work, worship & more.


>[**Новые краны и майнинг! Разделение биткоина часть 2! Установка Биткоин кошелька! Список кранов сатоши [5:25]**](http://youtu.be/tf4uC9I-EoQ)  >>¦ Ссылка на регистрацию в проектах:  > [*^Вектор ^Криптовалют*](https://www.youtube.com/channel/UCAOABF2yT1SjVqI7RK9aIUg) ^in ^People ^& ^Blogs  >*^4 ^views ^since ^Jul ^2017*  [^bot ^info](/r/youtubefactsbot/wiki/index)


"While I'm sure you're right, I still think it's a fairly generous offer. Whole Foods is not the ""the only name in organic food"" anymore that made them what they are today. All kinds of shops want in on that action. I've heard rumblings from friends in Whole Foods management that numbers have been down and tension has been high. Of course, that was before. Perhaps a factor."


"That's weird, because I think of money managers as people who ""manage money"". Based on the history of the Medallion Fund, the fund seems to consistently turn money into ""more"" money, and rarely seems to turn it into ""less"" money, which seems to indicate that it's pretty good at ""managing"" the ""money"" that it's been entrusted with."


The tight lending standards such as elimination of low-documentation and sub-prime mortgages and requirements for lower loan to value, contribute to keeping all but those with pristine credit and cash reserves out of the market.  Some might consider this good for long term stability in the market.    I just went through doing a 20% down mortgage plus had to have one year extra liquidity in reserve.


"Maybe. But if you think you can tell the difference between the parties on major policy issues, I'm impressed.  Party positions on the most important issues are awfully blurry these days.  Which party is for banking reform again? Which party is for foreign military intervention? Which party is cozy with big pharma? Which party represents the American working class? Etc.  Partisanship is the problem.   I'm a proud independent and I'll say it again: They're all crooks.   Saying who's ""worse"" is like a grade school argument."


"In theory, the trust admin (the trustee/custodian) should have filed the 1041 each year. The trust should have either (a) paid tax on any gains or (b) distributed the gains to her along with a nice Schedule K-1, showing that she had income from the trust and was responsible for the tax on that income. In effect, the trust took that distribution to her as a deduction against its own income, thus negating the need to pay tax at the trust rate. Yes, if under $600, it could retain the income and still pay no tax.  Now, when she gets this money, and it seems it's all being distributed by your choice of ""the money"" not ""some money"", it's not taxable, or at least shouldn't be. The corpus of a trust is already post tax money (unless of course, it's somehow pretax IRA or 401(k) money), which is not so common."


> quadriplegic   I'm going to go out on a limb here (ohhhh!) and say the money a newly made quadriplegic makes is in the range of zero to negative monies. I did mean discharge though, you are right, I shall leave my mistake for the world to know!  Undue hardship is what I was referring to in terms of student loans because I looked into it. It is almost impossible to meet the standard unless, as said, you stop making money (quadriplegic) or you die.   There's a third alternative which includes being a minimum wage teacher for two to six years in a slum-city high school but that's about as enticing as just leaving the country altogether.


Cheapest is one thing.  You can absolutely shop in the market and find the lowest possible price.  I can think of three places to shop, each with an up and downside. I would think that what you really mean is the best price for the service.  Just like shopping for a car you have to decide what you need vs what is nice to have. Decide what features you need.  Do you need long distance?  Do you need caller id?  Do you need to call technophobic friends and family? Find out what you have available to you through associations.  Often schools, work or a club you belong to have deals for service discounts.  Look at your insurance plan or AAA membership for the crazy discounts. Decide what kinds of service will meet your needs. Buy the cheapest service. DO NOT ENTER A CONTRACT.  Even if the price is slightly lower.  At least not at first.  If you try out your service and love it, enter the contract if and only if the total price measured over length of the contract is less.  With cell phones especially, it is absolutely possible to save money buying month to month vs a 2 year contract.  Even when you buy equipment for full price up front. Ask for the bare minimum service from your local phone company. Because phone companies are often regulated monopolies, they might have a bare minimum level of service they are required to offer by the municipality.  They probably don't advertise it or push it, but it might exist if you call and ask.  You basically get a dial tone. http://www.fcc.gov/guides/local-local-toll-and-long-distance-calling Price is dictated by a government board, so you don't have to worry about shopping for deals Not the cheapest possible solution This is popular plan the youth oriented market, but more and more people of all demographics are using their cellphones only.  There are downsides (911, etc) and shopping for the best cell phone plan can be a full time job, but it does offer a way to save money by simply not having home phone service. Might be possible to score organizational discounts through work or groups you belong to Cellphones require batteries, and can go dead (not good for emergencies) Voice over Internet Protocol uses your existing Internet connection.  You can buy a cheap regular phone and plug it into the VOIP box and use it like any other phone.  VOIP can either be very inexpensive for all the features you get, or just plain inexpensive.  There are providers who sell a monthly service, yearly service or no service plan at all. (You buy a device and get service as long as you own the device.)  Taxes to the government are always due, so nothing is ever free. Sometimes the provider is just computer software, so a minimalist would like that. Emergency services are more reliable than cellular (if you follow extra steps to set them up) Can be confusing to buy.  Some require contracts, some special devices, some require a bit of technical know how to setup.  Be sure to evaluate the total cost of ownership when comparing prices


"You.... You can't actually think the stupid things you're saying, right?  I can't believe that someone subbed to r/economy could have such a false view of how an economy works. You have to be trolling. ""Taxes are theft""??? Seriously??"


In terms of building the initial investment using some kind of mutual fund, I'd suggest you see my answer to this similar question https://money.stackexchange.com/questions/9943/cheapest-or-free-online-broker-for-beginner For buying individual stocks later, you could look at sharebuilder, or a low cost broker, however most of them charge between $5-$7 per trade, and if you are doing small dollar value trades then that can really really eat into things if you try to trade a lot.


I remember the last time I was in a Sears. It was 3 years ago near La Jolla. I needed a bungee cord, and figured it was a good bet that Sears of all places would have one.   I looked for 10 minutes, couldn't find one, couldn't find an employee to help, finally just asked a cashier who told me the sporting goods store next door had them.   And that was the last time I went to Sears.


All the existing answers are right and the general theme is: contracting is a different kind of relationship. It's a business-to-business relationship rather than a business-to-employee relationship. This has implications such as: Of course, some contractors are effectively just over-paid employees, and some of the above points don't apply to them, but that's the idea behind bona fide contracting.


"Which clearly is a dangerously increasing amount of people. Who in turn can't afford to keep up the habit and turn to the cheaper version.   Edit: it's clearly not ""ALL"", but there's an overarching trend. Good luck with your pain management if that is the issue."


Who exactly? He middle class would see there purchasing be reduced broadly by further layoffs if the economy isn't stimulates. Mild inflation (which is close to the unspoken 2%) is making he harms more broadly shred and therefore more sustainably.   In addition the low rates for real estate and other loans allows hose with good credit to refinance and thus delever themselves. I'm not trying to say oeoe aren't losing but I see compelling reasons to make them suffer the way they so under QE  Types on smartphone apologies for the typos


On July 20, when you posted this question, AAPL was trading almost at 115.  The market charges an extra premium for buying an option that is in the money (or on the money like this case) over one that is out of the money.  In order for the 130 Call to be worth something the market has to go up 15 points. Otherwise you lose 100% of your premium. On the other hand with the 115 every point that the market goes up means that you recover some of that premium. It is much more likely that you recover part of your premium with the 115 than with the 130.  With the higher probability of losing part of the premium, the sellers are going to be reluctant to write the option unless they receive larger compensation.


I could be wrong but by acquisition all it does is kill competition that a company faces. By killing competition is it explicitly implied that they reduce innovation within the company? If they aren't faced against competition they aren't forced to compete and innovate. But is this always the case? Is there any reason why these companies would invest in R&D after their acquisitions? Also what would this mean for the consumer, by acquisitions and reduced competitions we we as consumers have no choice but to pay up whatever they charge. I wonder if governmental agencies would place a cap on the prices they charge?


Employment is being affected by rising productivity, something that has nothing to do with the ACA.   Prices are rising because the Obama Administration is a [foe of price controls on drugs](http://citizen.typepad.com/eyesontrade/2013/11/38-million-retirees-say-no-to-a-trade-deal-that-would-make-medicine-more-expensive.html) globally, not just in the USA. In other words, despite the fact that all the trade agreements work both ways, hurting Americans again and again, the Obama Administration is pushing to have drug prices *increased* globally.  The ACA provides a convenient cover story for employers wanting to downsize for other reasons. (technology making it possible to operate with fewer workers)


Thank you for your generous, constructive and insightful comment, though I'm still interested in a detail, that I somehow missed - so allow me to assume, it's because of my limited capacity for comprehension, not because you haven't put enough labor and though into your essay, - but of which words do you think that they logically oppose each other?


> the gov'ts take care of that  Which makes it free, of course.  Oh, no, it doesn't.  > http://en.wikipedia.org/wiki/Pensions_in_Germany  > 1st pillar: mandatory State Pension Insurance (gesetzliche Rentenversicherung). This part of the basic social security system. All employees and employers pay a percentage of salaries into this system.  So, basically, company has to spend $X on employee's compensation, but employee gets $X-$Y in hands, where $Y goes into taxes, pension funding and so on.  It DOES NOT MATTER for a corporation whether that $Y goes into a private pension fund or is paid to government, it only cares about amount $X.


I think the reputation Silicon Valley has will help it maintain it's position. The sheer number of talented individuals already there draws people from around the world; sending money overseas is unnecessary. I honestly don't believe that other countries have pockets of un-tapped talent, because anyone smart enough to have great ideas will go to Silicon Valley. Only an opinion.


very interesting..  I deal with speculation all day every day, I wish there was a dependable method to determine what actually happens in these possibly nefarious and possibly innocent events.    I believe that Sadam Hussain and Momar Quadafi were deposed/eliminated because they both traded oil for currencies other than dollars.


To add to @michael's solid answer, I would suggest sitting down and analyzing what your priorities are about paying off the student loan debt versus investing that money immediately. (Regardless, the first thing you should do is, as michael suggested, pay off the credit card debt) Since it looks like you will be having some new expenses coming up soon (rent, possibly a new car), as part of that prioritization you should calculate what your rent (and associated bills) will cost you on a monthly basis (including saving a bit each month!) and see if you can afford to pay everything without incurring new debt. I'd recommend trying to come up with several scenarios to see how cheaply you can live (roommates, maybe you can figure out a way to go without a car, etc).  If, for whatever reason, you find you can't afford everything, then I would suggest taking a portion of your inheritance to at least pay off enough of your student loans so that you can afford all of your costs per month, and then save or invest the rest. (You can invest all you like, but if you don't live within your means, it won't do you any good.) Finally -- be aware that you may have other factors that come into play that may override financial considerations. I found myself in a situation similar to yours, and in my case, I chose to pay off my debts, not because it necessarily made the best financial sense, but that because of those other considerations, paying off that debt meant I had a significant level of stress removed from my life, and a lot more peace of mind.


I took two of their online classes, attended an on campus case discussion, and attended a discussion between two professors on the future of capitalism.  What's being taught and talked about at HBS in the past year that I've been a student has been focused on using business and the economy to serve humanity. At the end of the disscusion one professor suggested getting rid of income taxes and replacing it with a financial transaction tax. A sales tax on financial instruments not targeted at long term investments but at high frequency trading.


In a free market, supply and demand control the equilibrium point of a commodity. Price is one of the variables that moderates demand.  But the problem is - 'employment' isn't a free market - you cannot freely decide not to accept a job, because you need _some_ income to live.   The wage of an employee - especially at the 'unskilled' tier - is much more about availability of workers vs. jobs. And better yet, those jobs can be subdivided into shifts, and so you can employ _more people_ for _less hours_ or vice versa.   The employer therefore has a lot of control over effective wages as a result, and it's only tenuously connected to the 'free market' of the value of service of a burger.   So I'd guess the 'market value' would steadily drop to 'about the cost of living in the local area' - maybe a little below even, because you can still employ people who are partially subsidised by family. And further still, you can have people subsidising _themselves_ by working additional hours.   So I reckon you'd get equilibrium at 'about' 90% of local cost of living, if you work an 80 hour week.