"I have an indirect answer for you. It is not a numeric answer but it is a procedure. The challenge with paying taxes for an employee besides their share of Social security and Medicare is that you have no idea what their state and Federal taxes are.  Are they married, single, head of household? Is this their entire families income, or is it  extra money to make ends meet? What about state taxes?  It looks like you will need a W-4 from them.  As you know the IRS Tax topic 756 has all the info you need. Federal Income Tax Withholding You are not required to withhold federal income tax from wages you pay   to a household employee. However, if your employee asks you to   withhold federal income tax and you agree, you will need a completed   Form W-4 (PDF), Employee's Withholding Allowance Certificate from your   employee. See Publication 15, (Circular E), Employer's Tax Guide,   which has tax withholding tables that are updated each year.  Form W-2, Wage and Tax Statement If you must withhold and pay Social Security and Medicare taxes, or if   you withhold federal income tax, you will need to complete Form W-2   (PDF), Wage and Tax Statement, for each employee. You will also need a   Form W-3 (PDF), Transmittal of Wage and Tax Statement. See ""What Forms   Must You File?"" in Publication 926 (PDF) for information on when and   where to furnish and file these forms. To complete Form W-2 you will   need an employer identification number (EIN) and your employees'   Social Security numbers. If you do not already have an EIN, you can   apply for one using the online EIN application available on IRS.gov.   This service is available Monday through Friday, 7 a.m. to 10 p.m.   Eastern time. You can also apply for an EIN by mailing or faxing a   completed Form SS-4 (PDF), Application for Employer Identification   Number. International applicants may apply by calling 267-941-1099   (not a toll-free number) Monday through Friday, 6 a.m. to 11 p.m.   Eastern time to obtain their EIN. Refer to Topics 752 and 755 for   further information. Don't forget Federal Unemployment Tax. Pub 15 will have tables so you can determine how much you should have been withholding if you had gone that route. It will be easiest to use a spreadsheet to do the calculations so that what you gave them in their checks is their net pay not their gross. The tables are constructed under the assumption you know their gross pay."


"Apparently box 39 does not receive half of box 38 if ""The price of the share or unit is less than its fair market value when the agreement was made."" - the last point in paragraph 110(1)(d): *http://www.cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/bnfts/fnncl/scrty/stckpt03-eng.html#dspst The employee can claim a deduction under paragraph 110(1)(d) of the Income Tax Act if all of the following conditions are met:"


If you want to close the card, close it.  The impact on your credit score will be minimal, if any, and the impact on your life will likely be even less.  First, as you noted, the history from your card does not disappear when you close the card; it will stay on your credit report for as long as 10 years. By that time, you'll have many years of on-time payments from your other cards, and the loss of this one card won't be significant.  Because the card has a low credit limit, it won't have much effect on your credit utilization numbers, either.  Finally, your credit score might just be high enough that a small drop will have no impact on your financial life whatsoever.  In my opinion, hanging onto a credit card you don't want just to try to attain some type of high score is pointless. Close the card.


$500 should not have a massive impact on your credit. Why not at the beginning of each month buy a $500 prepaid Visa instead of using your credit card? That way you set a hard limit, but you still have the option of using credit in an emergency.


It's harder than you think.  Once card companies start seeing your debt to credit line ratios climb, they will slash your credit lines quickly. Also, cash credit lines are always much smaller, so in reality, such a scheme would require you to buy goods that can be converted to cash, which dilutes your gains and makes it more likely that you're going to get detected and busted. Think of the other problems. Where do you store your ill-gotten gains? How do you get the money out of the country? How will your actions affect your family and friends? Also, most people are basically good people -- the prospect of defrauding $100k, leaving family and friends behind and living some anonymous life in a third world country isn't an appealing one. If you are criminally inclined, building up a great credit history is not very practical -- most criminals are by nature reactive and want quick results.


The title of your question basically asks: What can I do? And you state this regarding the meeting and “advice” they gave towards criticism of their method: While this they also indoctrinated that you should avoid talking to   people talking bad about it (or say it is scam) because you gain no   money from them and they just want to destroy your business. First, you really cannot do anything to “save” your friend if they have bought this nonsense. You are right, it’s a scam. But past stating as such to your friend, there is not much you can do past shielding yourself. The reality is this: Any scenario you are in where you cannot ask basic questions and get a reasonable response or are given—at least—the option to walk away unscathed or uninsulated is basically a cult-like mentality. Simple as that. If the first thing someone tells you is “Don’t listen to others, just listen to me…” then you need to excuse yourself to go to the bathroom or something and just leave. From my personal experience meeting people who are successful and have power, they always—and I mean always—ask questions and are critical of things they invest in… Whether that investment is time, money or just basic mental energy. Rich people are just like you and me! Except they have more money so they can take bigger risks. Critical thinking and the ability to walk away from something are key life skills. Now others have talked salesman psychology which is on point. But here is something else you brought up in your question: He also wants to use his position as respected member of multiple   local youth and other communities to get their members as referals or   in his words “…to give them the oppurtunity to also simply earn   money.” Okay, so you can set personal boundaries between you and this clown, but you cannot stop him. But if he plans on targeting people and organizations in your community, you can warn them about him and his behavior and this scam. Chances are other people will know right away it’s a scam, but honestly if you feel the need to help others, that’s the most reasonable thing you can do to help them. But whatever you do, don’t take any of this emotional crap personally. If anything, maybe you can learn some reverse salesman techniques to get this “friend” to disengage. Such as only meeting with them in public and if they say something really vile to you, repeating what they said back to them as a question… Maybe even louder so everyone can hear. Remember a harsh reality of life: Public shaming can work to change someone’s behavior but you never want to do something like that unless you have utterly no choice. That last bit of advice is pretty harsh, but the reality is at some point you need to do something to “smack” reality into the situation.


"Check your broker's IPO list. Adding a new stock to a stock exchange is called ""Initial Public Offering"" (IPO), and most brokers have a list of upcoming IPO's in which their clients can participate."


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"Depositing above $10,000 in cash into a bank automatically triggers warnings in the banks computer system, and reports are submitted to appropriate authorities. Every bank has to do its, it's the law. If you ""structure"" your deposits where you put in several cash deposits below $10,000 that's a crime and bank computers are very sensitive to picking up on that. They're so sensitive to structuring that innocent people get flagged by it all the time. So I recommend only depositing $6k or less of that money into banks. What do you want to do with the money?  If you want to use it to buy stuff in person at stores then I recommend just using it at the counter instead of credit cards. If you want to buy things online with it then I recommend bitcoin. It's anonymous, the IRS won't know it's yours, and it's easy to buy what you need with bitcoin. You can easily exchange bitcoin for cash among your neighbors using apps like PaxFul, LocalBitcoins, and BitQuick. They'll give you bitcoin which you'd load onto an app called a ""wallet"", for example Mycelium or Blockchain.info. You can buy just about anything online with bitcoin these days: from computers at newegg, to hotels at expedia, to airplane tickets at cheapair.com, to anything on amazon at 20% off using purse.io, or you can invest it by offer people around the world loans at BTCJam.com and they pay you back with interest. You can hold on to bitcoin as it grows in value, or you can donate it to any of the thousands of charities around the world who accept it. You can even use it to support presidential campaigns (at this time, only Rand Paul's campaign and Joe Biden's SuperPAC accept bitcoin)."


I don't blame them. Half the people will end up buying the cheap fake eclipse glasses and end up blind driving the Rental cars. Don't be stupid with your eyes. They're the only  👀 you've got. It will rain in the Southeast on eclipse day anyway.


ZeroHedge is valuable because it provides an alternative perspective. I rarely, if ever, agree with their conclusions or make investments motivated by them; but they are sometimes insightful and bring up datapoints of interest.  Most financial journalism is written by non-finance people; that's why it's so shitty and useless.


With an annual income of $120,000 you can be approved for a $2800 monthly payment on your mortgage. The trickier problem is that you will save quite a bit on that mortgage payment if you can avoid PMI, which means that you should be targeting a 20% down-payment on your next purchase. With a $500,000 budget for a new home, that means you should put $100,000 down. You only have $75,000 saved, so you can either wait until you save another $25,000, or you can refinance your current property for $95k+ $25k = $120k which would give you about a $575 monthly payment (at 30 years at 4%) on your current property. Your new property should be a little over $1,900 per month if you finance $400,000 of it. Those figures do not include property tax or home owners insurance escrow payments. Are you prepared to have about $2,500 in mortgage payments should your renters stop paying or you can't find renters?  Those numbers also do not include an emergency fund. You may want to wait even longer before making this move so that you can save enough to still have an emergency fund (worth 6 months of your new higher expenses including the higher mortgage payment on the new house.) I don't know enough about the rest of your expenses, but I think it's likely that if you're willing to borrow a little more refinancing your current place that you can probably make the numbers work to purchase a new home now. If I were you, I would not count on rental money when running the numbers to be sure it will work. I would probably also wait until I had saved $100,000 outright for the down-payment on the new place instead of refinancing the current place, but that's just a reflection of my more conservative approach to finances. You may have a larger appetite for risk, and that's fine, then rental income will probably help you pay down any money you borrow in the refinancing to make this all worth it.


Lol TL:DR. your first point is completely wrong so I stopped at the wall of text. Get over it buddy, you lost the argument. No country simultaniously purchased and sold its own debt, like we have this past several years in the US. So, shut the fuck up already. loser.


I misspoke, but really when you look at the exact same securities what other advantage does a fund have over a moderately wealthy investor than leverage and  managerial clout? That and professional analysts can only give you so much of an edge.


Here are some ideas:


I was just talking about this with my father in law.  When the min wage was about $1.50 a hour, going camping at a state park for a night was just over $1 a night.   Now, where we live, it's often $20 a night just for a campsite in a state park.  Min wage is $7.25.    My family paid $400 for a Beta vcr in 1980.  Single income family, factory worker, blue collar job.  Could someone do that today, adjusting for inflation?  Absolutely not.


Don't buy the first model year of a new model unless the fuel economy is much better in the latest model.  Buying a car in later years just before the changeover will result in a slightly higher quality vehicle or in some cases dramatically higher quality. Find the best forum for your make/model/year of car.  Join the forum, check the FAQ, sticky threads and post questions when you have trouble.  Do NOT rely passively on the dealer or even private mechanics as they do not drive the car every day.  You are in the best position to identify problems but only if you have some help.   Preventive maintenance is the best if you intend to keep the car for a really long time.  Forums are a really good place to find the typical problems of a particular model and potentially head them off.


They know a growth market when they see one.   And the funny thing is, if they actually applied their skills to the marketing of healthful products - without adulterating them - it might actually work.   Chances of that happening: not large, but an interesting possibility for the inspired entrepreneur with ast food experience.


"The majority (about 80%) of mutual funds are underperforming their underlying indexes. This is  why ETFs have seen massive capital inflows compared to equity funds, which have seen significant withdrawals in the last years.  I would definitively recommend going with an ETF. In addition to pure index based ETFs that (almost) track broad market indexes like the S&P 500 there are quite a few more ""quant"" oriented ETFs that even outperformed the S&P. I am long the S&P trough iShares ETFs and have dividend paying ETFs and some quant ETFS on top (Invesco Powershares) in my portfolio."


Slightly abbreviated version of the guidance from NOLO.com California state law limits credit check or application screening fees landlords  can charge prospective tenants and specifies what landlords must do when accepting these types of fees. (Cal. Civ. Code § 1950.6.)  Here are key provisions: I am not a lawyer, but it would seem you have two options if you catch a landlord violating these rules. An idea to avoid the whole problem in the first place: Get a copy of your credit report yourself and take a copy with you to meet the landlord. If they want an application fee, ask why they need it making it clear you know the above law. If they say for a credit report offer to give them a copy in lieu of the fee.


So would it be more sensible to park the money in 3 separate fixed deposits created each month or to invest this money as usual in debt and mutual funds and instead just liquidate the recurring deposit and use it to pay my taxes in July? Most taxes would already have been paid by March 31. So what you are talking here is less than Rs 10,000/- of taxes. The optimization you are looking at is very small and you are better of choosing one that is more convenient.


"In that case, he was not arrested for being unable to pay his bill. He received a summons to court, failed to appear, and so a warrant was issued for his arrest. The $350 was his bail amount, which is funds that must be provided to the court in order to be released while pending trial (you get this money back once you appear before court). He also wasn't convicted of a crime and sentenced to jail in this case, just arrested. He would be ""kept"" by the courts (if he couldn't post bail) until his court date as a way of being forced to appear. If a judgement was awarded against him, it still doesn't always mean he has to pay. If someone refuses to pay a judgement (but did show up to court) then typically their wages are garnished, which means the court orders that a certain amount of money be withheld from income, tax refunds, etc. until the judgement is paid. However, if the person ordered to pay can prove that they would not be able to have sufficient money to survive if they are garnished (I'm not a lawyer so I am unclear as to the exact process/standards) then there is a chance that nothing will be garnished at all.  So in short, no, there is no such thing as debtor's prison in the USA. There is definitely such a thing as being arrested / put in jail for defying court orders, and I'm sure if you took out loans while knowing you have no ability to repay them that you might be able to be charged with some sort of fraud, but just not being able to pay your bills doesn't mean you can go to jail. Of course, there is very little protecting you from simply running out of money and becoming homeless, but that's not your question."


"I think the answer to how much you ""should"" spend depends on a few more questions: Once you answer these questions I think you'll have a better idea of what you should spend. If you have no financial goals then what kind of car you buy doesn't really matter. But if your goals are to build and accumulate wealth both in the short and long term then you should know that, by the numbers, a car is terrible financial investment. A new car loses thousands of dollars in value the moment you drive it off the lot. Buy the cheapest, reliable commuter you can ($5k or less) and use the extra money to pay off your debts. Then once your debts are paid off start investing that money. If you continue this frugal mindset with your other purchases (what house to buy, what food to eat, what indulgences to indulge in, etc...) and invest a bit, I think you'll find it pretty easy to create a giant amount of wealth."


"This is the best tl;dr I could make, [original](http://www.bbc.co.uk/news/business-40934138) reduced by 61%. (I'm a bot) ***** > The average price of a home in the UK went up by nearly &pound;2,000 to &pound;223,000 in June, according to official figures.  > The Office for National Statistics figures show the wide variation in price movements across the UK. In the month of June, the average price of London home fell &pound;3,000 to &pound;482,000, while a house in the North East of England gained &pound;2,000 to &pound;130,000.  > The biggest change was in Orkney where the average price is 28% higher than a year ago at &pound;148,000.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6txyxk/house_price_growth_holding_steady/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~191667 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **price**^#1 **average**^#2 **while**^#3 **June**^#4 **London**^#5"


Healthcare for the employee is more valuable to the employer than is providing healthcare for the rest of the family members.  Depending on the family situation, you're going to see significant differences in price between out of pocket costs for insurance of just the employee, vs cost for insuring the entire family.  This is because in the first instance the insurance is more subsidized by the company (as a percentage of the total cost).   The costs to the company for insuring just the individual (mid-career) are in the neighborhood of $5000 per year.  If this is all that's being negotiated (single person coverage) then I would use that amount as a baseline.


To be fair, it could go completely tits up, so don't buy more than you can afford to lose.  That being said, I'm a huge crypto evangelist, but I tend to stick to Bitcoin and Bitcoin Cash. Ethereum is trying to solve a problem that isn't there by adding the programming language to the base code. I think Bitcoin has a better approach by leaving the base code simple and adding layers like TCP/IP did. But Ethereum is the #2 crypto in the world right now so maybe I'm wrong.


This link does it ok:  http://investexcel.net/1979/calculate-historical-volatility-excel/ Basically, you calculate percentage return by doing stock price now / stock price before.  You're not calculating the rate of return hence no subtraction of 100%.  The standard is to do this on a daily basis: stock price today / stock price yesterday. The most important and most misunderstood part is that you now have to analyze the data geometrically not arithmetically.  To easily do this, convert all percentage returns with the natural log, ln(). Next, you take the standard deviation of all of those results, and apply exp().  This answers the title of your question. For convenience's sake, it's best to annualize since volatility (implied or statistical) is now almost always quoted annualized.  There are ~240 trading days each year.  You multiply your stdev() result by (240 / # of trading days per return) ^ 0.5, so if you're doing this for daily returns, multiply the stdev() result by 240^0.5; if you were doing it weekly, you'd want to multiply by (240 / ~5)^0.5; etc.  This is your number for sigma.  This answers the intent of your question. For black-scholes, you do not convert anything back with exp(); BS is already set up for geometric analysis, so you need to stay there. The reason why analysis is done geometrically is because the distribution of stock returns is assumed to be lognormal (even though it's really more like logLaplace).


The only ways to increase your after-tax income are to increase your tax-deferred savings (401k), increase your tax deductions, or increase your pre-tax income. Increasing tax-deferred savings is great for the long term, but will usually not result in a bigger paycheck (though net pay including the savings will go up). This is, however, probably your best bet for reducing current tax liability. Increasing deductions usually involves spending money--on charity, mortgage interest, other taxes, etc. So, while you may reduce your tax liability, you probably won't end up with more money in your pocket. Also, if you are single and aren't paying a mortgage, it probably won't be easy to exceed the Standard Deduction. Which pretty much leaves you with asking for a raise, getting a better paying job, or taking on a second job to increase your top-line income.


"It really depends on the exact wording of that zero rate offer.  Some specifically state they are to be used for paying other debt. Others will have wording such as ""pay other debt or write yourself a check to pay for that next vacation, or new furniture.""  Sorry, it's back on you to check this out in advance."


In the United States you can't, because the average millennial in the United States has no opportunity to save money. Either you get a college education, then you will be burdened with a student loan. The cost of college education skyrocketed in the past decades. It is now practically impossible to enter the workforce without a huge debt, unless you are one of the lucky few who has rich and generous parents. Or you skip college. But college is the only way in the United States to obtain a generally accepted qualification, so you won't get any job which pays enough to save any money. As soon as that student loan is paid off, you need to get another loan for you house which you pay off for several decades. As soon as the house debt is paid off, you will be old and develop some medical problems. The medical bills will come in and you will be in debt again. So when in their life are millennials supposed to save money?


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"Not so much the money.  The *productivity* has been spread around.  Productivity used to be the sole province of the ""first world"" nations.  Then things like CAD/CAM made is possible to produce almost anything anywhere.  250 million middle class Chinese people didn't just happen because a trillion dollars were airlifted into Beijing.  It happened because whole industries collapsed in the first world and moved to China.  On aggregate people are better off, on aggregate.  But if you're in, say, textiles in the US then it looks like a really shitty deal.  So ""money"" didn't go away.  Commerce didn't evaporate.  Production (and resulting productivity) moved and spread out with some areas getting hurt and others gaining."


> I don't think you are trying to understand my position  I'm trying to find out if we can agree on truth claims. We (probably) have numerous disagreements. Can we agree that some of the people who do not like the current job market have the option of trying to start a new business?


"Accounts track value: at any given time, a given account will have a given value. The type of account indicates what the value represents. Roughly: On a balance sheet (a listing of accounts and their values at a given point in time), there is typically only one equity account, representing net worth, I don't know much about GNUCash, though. Income and expenses accounts do not go on the balance sheet, but to find out more, either someone else or the GNUCash manual will have to describe how they work in detail. Equity is more similar to a liability than to assets. The equation Assets = Equity + Liabilities should always hold; you can think of assets as being ""what my stuff is worth"" and equity and liabilities together as being ""who owns it."" The part other people own is liability, and the part you own is equity. See balance sheet, accounting equation, and double-entry bookkeeping for more information. (A corporate balance sheet might actually have more than one equity entry. The purpose of the breakdown is to show how much of their net worth came from investors and how much was earned. That's only relevant if you're trying to assess how a company has performed to date; it's not important for a family's finances.)"


Alexa doesn't work worth beans outside of the U.S. They've purposefully geo-limited the thing, and it's not all that smart to begin with. Are we sure this piece from the Verge wasn't sponsored by Amazon? It reads like an ad.  Edit: a word


I don't have all the answers. On a illiquid stock, such situations do arise and there are specific mechanisms used by exchanges to match the order. It is generally not advisable to use market order on illiquid stock. There are lots of different variations here. I guess this comes down to specifications for individual exchanges, but I'm wondering if there's a standard here or a way to approach it from basic rules that clears up all these situations. There are quite a few variations and different treatments. Market order that are placed when the market is closed or just around market opening are traded at Market Open price that each exchange has a formulae to calculate. In the process Market Buy are matched to Market Sell at the Exchange calculated price. Not all order get matched and there could be spill over's. These are then matched to limit orders. Is this determined based on which sell order came first, or based on which would result in the best deal for the incoming buyer? Generally Market orders have highest priority of execution.


"Seems pretty shady. From what I could guess, your dad ""hid"" or ""lost"" the money, so as to not pay capital gains on it. Even though he'd use the money to build houses or whatever, he'd have to pay taxes on it (as income). To get out of paying said taxes, the money would essentially have to disappear. This isn't super common, but it sort of is possible to move funds to other places around the world, or to keep cash that no one knows about (watch the Swiss bank part of Wolf of Wall Street or just read up about illegal money laundering, like gangs and such do). So possibly, your dad could launder the money over the next several years. If I were you, I'd just stay quiet and mind my own business."


Stock exchanges have been undergoing a period of consolidation for the past hundred years for the exact reasons you mentioned. The existence of digital trading, harmonized laws and regulations, and fewer relevant currencies have made it more practical for mergers and acquisitions between exchanges. Stock exchanges are most often times private companies that compete with other exchanges, so that also promotes the existence of many exchanges.


"> I'm not sure there will ever be some moment in my life where a person walks up and asks me to install a cybernetic arm and I have to debate the merits. They will develop alongside the culture like most innovations.  There'll be a moment when you see an advertisement for a cybernetic arm and you think ""nah, too flimsy, too expensive, too many problems.""  Then there'll be a moment, years later, when you talk to a co-worker who got one and you think ""too expensive, not enough features.""  Then there'll be this bit, years later, where your friend shows his new arm off to you and you think ""hmm, if only it had X and Y.""  And then, years later, there'll be a point where you go and get a cybernetic arm."


"I think the important fact here is that all of our currencies are Fiat Currencies. So currency technically means nothing, because (as you mentioned) the country could print more any time it wants. Now what makes it useful is the combination of two big things: So I would say, we know they owe us 100 ""dollars"", and the dollar is just a word we use to represent value. It is not technically worth anything, beyond the fact that the government controls the amount of that currency in circulation and you trust that people still want more of that currency."


"As I said, I try to eat local. Instead of going to applebees I'll hit the diner or hole in the wall burrito joint. Twice the food for half the price, and it's orders of magnitude better, both in terms of freshness and flavor. It also supports friends/neighbors/local economy. There are a number of local establishments that get my business over big box / national chains.  I don't think the ""applebees"" food type is below millenials experience-wise, I actually think it's not up to their standards from health expecations, tbh - maybe I'm missing what you're saying though. Millenials in general have been raised to have higher food standards and expectations (the entitlement gen?) where quality and health matter. At least, that's how it is in my neck of the woods.  A CiCi's pizza opened up a few years ago, and we visited often. Pizza was eh, but all you can eat for 6 bucks? Sure, why not. A Saladworks opened next door around the same time. Guess which one is still there... hint - it's not the pizza, despite it being more product for a lower price than literally anything at the salad place."


Why does it take two weeks (from ex-date) for dividends to pay out? For logistical and accounting purposes. This article says on the payment date: This date is generally a week or more after the date of record so that the company has sufficient time to ensure that it accurately pays all those who are entitled. It is for the same reasons that there is a often a two-week period between the time an employee submits her time sheet and the employee's pay date. The company needs time to set and send the payment while minimizing accounting errors.


Close the account.  The age doesn't outweigh the fact that you have to pay for the card.  It would be one thing if the credit line was a couple thousand but showing the credit bureaus that you are staying away from the $425.00 doesn't really make them think you are any more trustworthy with your available credit.  Utilization matters when you are staying away from much larger chunks of your available credit (across all cards).


"So you are ok with ""say one thing and actually do another""?   Right up there with Trump: ""Jobs, Trade and Immigration""...there needs to be reforms and action on all of these issues; but he isn't the person to do it."


> It assumes there is a limit on the potential to create wealth.  There is a limit.  [The recent CBO evaluation of President Trump's budget](https://www.cbo.gov/publication/52846) drives that point home.  > It also assumes that we equally share in all things regardless of efforts towards the goal.  No, that is just your [straw man argument](https://en.wikipedia.org/wiki/Straw_man).


Bankrupting them isn't going to help anyone. They should be kept alive and forced to provide everyone with free lifetime credit monitoring.  I actually just enrolled in their trustedid this morning for my one year trial and it SHOULD be a lifetime service I get for free.  Frozen credit files should become the norm and you should be notified via text if someone wants to access your file at which point you can text back YES or NO (much like current fraud alerts).  There is actually a lot that can and should be done. I'm worried that nothing is actually going to change because the government is moving very slowly here and people quickly forget about this stuff.


I have friends that have to buy very large shirts. A plain red pocketed shirt in their size costs at least $20 at a physical store if they even carry their size.  You just can't beat the options and price an online retailer can offer.


"Assuming you are referring to macro corrections and crashes (as opposed to technical crashes like the ""flash crash"") -- It is certainly possible to sell stocks during a market drop -- by definition, the market is dropping not only because there are a larger number of sellers, but more importantly because there are a large number of transactions that are driving prices down. In fact, volumes are strongly correlated with volatility, so volumes are actually higher when the market is going down dramatically -- you can verify this on Yahoo or Google Finance (pick a liquid stock like SPY and look at 2008 vs recent years). That doesn't say anything about the kind of selling that occurs though. With respect to your question ""Whats the best strategy for selling stocks during a drop?"", it really depends on your objective. You can generally always sell at some price. That price will be worse during market crashes. Beyond the obvious fact that prices are declining, spreads in the market will be wider due to heightened volatility. Many people are forced to sell during crashes due to external and / or psychological pressures -- and sometimes selling is the right thing to do -- but the best strategy for long-term investors is often to just hold on."


I'm pretty sure using it wastes a lot of man-hours in the economy.  Handling money isn't cheap.  Handling pennies is asinine.  We should probably get rid of nickels and quarters too just to do away with the last decimal place, just dimes and a (smaller than current) half-dollar.


"New car loans, used car loans, and refinances have different rates because they have different risks associated with them, different levels of ability to recoup losses if there is a default, and different customer profiles.  (I'm assuming third party lender for all of these questions, not financing the dealer arranges, as that has other considerations built into it.) A new car loan is both safer to some extent (as the car is a ""known"" risk, having no risk of damage/etc. prior to purchase), but also harder to recoup losses (because new cars immediately devalue significantly, while used cars keep more of their value).  Thus the APRs are a little different; in general for the same amount a new car will be a bit lower APR, but of course used car loans are typically lower amounts. Refinance is also different; customer profile wise, the customer who is refinancing in these times is likely someone who is a higher risk (as why are they asking for a loan when they're mostly paid off their car?).  Otherwise it's fairly similar to a used car, though probably a bit newer than the average used car."


Typically the least formal agreement for any type of lending is a Promisory Note (of which you can find plenty across the web, although I'd suggest picking up a Nolo book from the library and using their templates -- I think the book holding your type of form would be the Personal Legal forms Book). Still, $10k is a very large amount of money to lend to a friend and he probably is better off going to a bank and asking for an unsecured line of credit (not a credit card, but rather a general loan) and doing the money that way because typically that amount of money is small to the bank and they will already have the licenses/assets in place to handle collateral and such (which can be very tricky to do on your own).


BMK Imports & Domestic is one of the most reliable and preferred places for all kind of auto, auto body and collision repair in Chicago IL. We are in the business since 2010, but most of us have many years of professional experience in this industry! Our staff is licensed, well trained and skilled, ready to face even the most biggest auto problems. We use the latest technology available on the market, top quality professional tools and products. This combined with the skills of our staff, can repair your car in no time and bring back the original state of it. We can handle with almost all models of cars, trucks and motors. If you have more questions about our services or anything else, you can contact us at:  Phone: (773) 327-6652 or visit our auto repair shop at address: 946 W Wrightwood Ave, Chicago IL 60614


True Financial is your lender of choice for online auto title loans in California. Car Title Loans can be arrange with minimal fuss, low hassle and low documentation. There are number of easy ways for you to finance through us and lead the way in making fast, cost effective title loans to help you. Best of all you get to keep your car to enjoy as you usually do.


STEP #1. Get a copy of whatever you have signed, this is the most important step. STEP #2. Find a reference to the landlord/tenant laws for you city, county and or state if there are any. STEP #3. Google for a tenants union in your city, state or county. ie, Washington State Tenants Union STEP #4. Try get a free consultation, or an affordable consultation with a lawyer in your area who specializes in tenant law. STEP #5. Between the tenant laws for you, and the limits of what you have signed try to negotiate a cancellation of the contract, if you are bound by it.


"> My uncle ran a horrible pizza shop downtown. The trick was the heroin business on the side.  I have often wondered about stuff like that.  Especially when I see strip malls out in the middle of suburban/rural areas with stores like ""Candles, etc"" or ""GitUrWallpaperHere"" -- I mean I can understand that in some large metropolitan shopping mall they *might* generate enough walk-in traffic to support a specialty candle or wallpaper store...   But in a rural town with a total population of maybe 5,000 people (and possibly 10,000 if you include every home in the townships around it) well I just can't see the numbers working out... especially since you never see anyone else IN the store, and the clerk always seems so totally uninterested in even trying to sell anything that it's kind of creepy.  On the other hand if you posit it as a ""cash"" based retail money laundering front, for some drug business... well then it suddenly makes sense.  EDIT: and with a pizza shop... well, they can even have a delivery service... right out in the open."


"What ever you convert from the 401(k) will be subject to tax.  The bigger issue is that there's no ""do over"" no ability to recharacterize the conversion if when you do your taxes, you realize you need to undo some. I'd suggest transferring from the 401(k) to the traditional IRA first and then convert, just bring aware of the prorata taxation that will be due."


FYI: GM has an earnings announcement on April 24th. I think you were trying to create a safe trade by profiting if GM's price fell within a  probable range.  The chart of the Iron Condor captures just about a standard deviation of movement.  So as long as GM is between 31.28 - 37.22 in 34 days you keep the max profit of $110.  Note this trade is a net credit, when placing it you get $110 less fees.  Also by selling the deep in the money call I take it you were trying to make the most of your capital. The chart below shows a standard covered call compared to short put vertical.  Note the short put vertical simulates the covered call position and it is a net credit trade as well.  When you drop the order you get $111 less fees.


I'd look into ShareBuilder.  You can buy stocks for as low as $2 each, and there is no minimum funding level. You have to be carefull about selling though, as they will charge you $10 each time you want to sell a stock, regardless of how much of it you want to sell.


I have been asking myself a similar question about the financial statements of Weyerhaeuser. In response to Dheer's comment, whilst treasury shares are treated as a negative, it is issued shares less treasury shares (the negative) which gives the outstanding shares. So the original query remains unanswered. I've searched several sources and all state that outstanding shares will never be greater than issued shares.  I've realized that the shares referred to are those authorized followed by those issued and outstanding (current year and prior year respectively) i.e. the shares that are both issued and outstanding as they must be issued in order to be outstanding This is supported in the example of Weyerhaeuser as there was a large increase in shares during Q1 2016 as a result of their merger with Plum Creek. Shares issued and outstanding are 510 million and 759 million respectively.


First, radon is common in some areas of New Jersey.  Before you back out of this house, you should consider if you can find a different place to live that does not have a radon issue.   You should be able to find someone who does radon testing specifically.  Such a company should be able to check that neither the gas nor the particulates (on walls, etc.) are present in the house after the mitigation.  Apparently checking the water is possible as well.  If such a test fails and the seller does not do more mitigation, that would be grounds for withdrawing from the contract.   Since radon is common in New Jersey, it is likely that the contingencies are written such that the seller offering to mitigate is enough to keep you in the contract.  You would have to ask a lawyer to be sure.   In general, contingencies are based on the offer you made, which is a contract.  If you wanted radon to be a deal breaker, then you should have written the offer that way.  Left to themselves, real estate agents will offer mitigation instead.  This is because they get paid a commission on the sale.  No sale; no commission.  Obviously too late for this house, but in the future, you may want to be more careful about this.   Radon mitigation is common and costs in the $1000-$3000 range.  One estimate in that link suggests that $1300 is the minimum with required fees, etc.   If your offer is not written to allow you to walk away if there is a radon issue, you will probably lose your deposit if you walk away.  You can also try to be extra picky about your contingencies.  In particular, they have to show you that they have mitigated the radon problem.  If you can find something that indicates that they have not, then you can get more mitigation.  If they either fail to respond or choose not to respond, that could allow you to withdraw from the deal without losing your deposit.   There usually aren't additional problems beyond losing your deposit from walking away.  But again, this depends on the offer contract.  This is really something that a lawyer should read.


> (Wouldn't renewable investment be) A positive even if climate change is not REAL?!?!  No, have a look at [the broken window fallacy](https://en.wikipedia.org/wiki/Parable_of_the_broken_window).  Regardless, there is no reason to stoop to this level.  Global warming exists and the evidence is unequivocal.  Anyone who disagrees are profiting from maintaining the status quo or are victims of the propaganda from the former.


> Texas didn't create jobs, it moved jobs. Corporations moved workers to Texas due to the lure of poverty wages for   Texas created many jobs, and one way of job creation is to make it pleasant for business and entrepreneurs to flourish. They don't flourish with high taxes and crippling regulations which protect big corporations over small businesses. They will flee those places and move to states or countries that are easier to do business, survive and prosper. **A very basic economic principle at work: Talent and capital always will flow toward higher returns.**  > Cutting taxes doesn't raise revenue.  It does raise revenue over the longer run as people become more prosperous and businesses grow faster. The US is $17+ trillion in national debt. The shadow debt is much bigger.  Taxes are wasted and Americans are indebted by the welfare state. In 2012 an alarming 22 million households received food-stamps.


"The suggestions towards retirement and emergency savings outlined by the other posters are absolute must-dos.  The donations towards charitable causes are also extremely valuable considerations. If you are concerned about your savings, consider making some goals.  If you plan on staying in an area long term (at least five years), consider beginning to save for a down payment to own a home.  A rent-versus-buy calculator can help you figure out how long you'd need to stay in an area to make owning a home cost effective, but five years is usually a minimum to cover closing costs and such compared to rending. Other goals that might be worthwhile are a fully funded new car fund for when you need new wheels, the ability to take a longer or nicer vacation, a future wedding if you'd like to get married some day, and so on.  Think of your savings not as a slush fund of money sitting around doing nothing, but as the seed of something worthwhile. Yes, you will only be young once.  However being young does not mean you have to be Carrie from Sex in the City buying extremely expensive designer shoes or live like a rapper on Cribs.  Dave Ramsey is attributed as saying something like, ""Live like no one else so that you can live like no one else.""  Many people in their 30s and 40s are struggling under mortgages, perhaps long-left-over student loan debt, credit card debt, auto loans, and not enough retirement savings because they had ""fun"" while they were young.  Do you have any remaining debt?  Pay it off early instead of saving so much. Perhaps you'll find that you prefer to hit that age with a fully paid off home and car, savings for your future goals (kids' college tuitions, early retirement, etc.).  Maybe you want to be able to afford some land or a place in a very high cost of living city. In other words - now is the time to set your dreams and allocate your spare cash towards them.  Life's only going to get more expensive if you choose to have a family, so save what you can as early as possible."


"You don't ""deduct"" transaction fees, but they are included in your cost basis and proceeds, which will affect the amount of gain/loss you report. So in your example, the cost basis for each of the two lots is $15 (10$ share price plus $5 broker fee).  Your proceeds for each lot are $27.50 (($30*2 - $5 )/2).  Your gain on each lot is therefore $12.50, and you will report $12.50 in STCG and $12.50 in LTCG in the year you sold the stock (year 3).   As to the other fees, in general yes they are deductible, but there are limits and exceptions, so you would need to consult a tax professional to get a correct answer in your specific situation."


"This is the best tl;dr I could make, [original](http://www.aljazeera.com/news/2017/10/israel-engages-water-apartheid-171013110734930.html) reduced by 91%. (I'm a bot) ***** > &quot;In reality, Israel doesn&#039;t want us to live here any more We just want the Israelis to let us extract our own water.""  > Mekorot, Israel&#039;s national water company, dug deep into the mountain aquifer, and by the end of the 1970s, Israel had extracted so much water that the springs in Bardala and Ein al-Beida had dried up.  > &quot;The level of unrestricted access to water enjoyed by those residing in Israel and Israeli settlers demonstrates that resources are plentiful, and that the lack of sufficient water for Palestinians is a direct result of Israel&#039;s discriminatory policies in water management.""   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/77x7fl/how_israel_engages_in_water_apartheid/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~232762 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **Water**^#1 **Israeli**^#2 **Palestinian**^#3 **farms**^#4 **Israel**^#5"


"The difference between an American and European option is that the American option can be exercised at any time, whereas the European option can be liquidated only on the settlement date. The American option is  ""continuous time"" instrument, while the European option is a ""point in time"" instrument. Black Scholes applies to the latter, European, option. Under ""certain"" (but by no means all) circumstances, the two are close enough to be regarded as substitutes. One of their disciples, Robert Merton, ""tweaked"" it to describe American options. There are debates about this, and other tweaks, years later."


I Usually would not say this but if you can just put down 20% I would do that and get a 15 year mortgage.  The rates are so low on 15 year mortgage that you should be able to make more than the 3% in the market per year and make some money.  I wouldn't be surprised if for 1/2 of the term of your loan you will be able to make that just in interest.  Basically I have done this for my house and my rental properties.  So I have put my money where my mouth is on this.   I have made over 9% each of the last three years which has made me $12,000 dollars above and beyond over what I would have paid in interest per year.  So it a decision that net me $36,000 for doing nothing.  Now the market is going to be down some of those years so lets see how it works out but I have history on my side.  Its not about timing the market its about time in the market.  And 15 years in the market is a pretty safe bet albeit not as safe as just dumping you money in the mortgage.


Department store cards will appear on your credit report and is often much easier to get approved for. All my friends that have applied for a Macy's card have always been approved. If you are new to the country, department store cards are a great way to build history. Target and Nordstroms are two other department stores to look at. Target is my first suggestion since they carry every day items and will be easy to consistently put charges on the card to build credit history.


Well yeah, that's why they put the disclaimer on the article, so people could know and judge accordingly. That's evidence of good journalism, not bad.  That conflict also doesn't negate Wapo's good track record, and the fact that that track record is one of its best selling points. I don't think Amazon would sacrifice that cheaply; definitely not as a cheapshot on some objectively bad pitch videos.


There are PABs (Private Activity Bonds) for the smaller market issues, but you basically need a local government to act as the conduit issuer. There are a whole host of other requirements but it is a way to potentially get tax-exempt rates or get access to the taxables market.


Their aggressive takeover tactics? However, to be honest I don't know what the others are like. I'm fortunate enough to have drinking water from the tap. Which I bottle myself. I'll sell you a bottle 20% cheaper then nestle if you'd like


You can easily build a Google Sheet spreadsheet to track what you want as Sheet has a 'googlefinance()' function to look-up the same prices and data you can enter and track in a Google Finance portfolio, except you can use it in ways you want. For example, you can track your purchase price at a fixed exchange rate, track the current market value as the product of the stock's price times the floating exchange rate, and then record your realized profit and loss using another fixed exchange rate.  You don't have to record the rates either, as googlefinance() func is able to lookup prices as of a particular date. You can access Google Sheet through a web browser or Android app.


CreditKarma review I don't personally use HelloWallet, but I have also heard very good things about it. Independence from financial products is a HUGE thing in the field because so many investment advisers place the firm before the customer (c.f. Too Big To Fail), so having an independent resource is a huge benefit.


I have been looking into CMEs trading tool. I might just play around with futures on it. You make a good point on that though. I am reading Hull's book on options, futures and derivatives, and so far so good. Only thing I would want to test is options on futures, which is missing :( .


"> Sessions has literally said, ""I thought those KKK guys were fine until I found out they smoked pot.""  He may well be a racist, but it's hard to imagine taking that comment seriously.  *Barry Kowalski and Albert Glenn, attorneys at the Justice Department, testified that they heard Sessions make the KKK comment but had considered it a joke. Kowalski even retold Sessions’s comment to other people “as a story in a humorous vein.” He said: “When working on a case such as this one, a brutal murder and a hanging, those that work on it sometimes do resort to operating room humor and that is what I considered it to be at the time.”*  *Later in the hearings, Sessions said Figures’s assertion that Sessions seriously made the comment is “ludicrous.” “I had just learned that the investigation had revealed that the Klansmen had left some meeting, and gone to another one, and smoked pot. The comment ridiculed the Klan. I detest the Klan.”*  There do seem to be a considerable number of claims that he has said or acted in racist ways though (though he denies it): https://www.washingtonpost.com/news/fact-checker/wp/2016/12/02/jeff-sessionss-comments-on-race-for-the-record/ (previous quote from that source also)"


"Winnings are taxed in the year you receive payment.  Period.  Constructive requires an unqualified right to receive immediate payment.  One qualification is that lottery tickets must be verified.  Large winners usually have to wait a day or two, which voids the ""immediate payment"" clause.  Here's an extreme example:  If you don't cash the ticket until July after you've already filed your income taxes, is the state going to issue a retroactive W2G?  That's kinda hard when the IRS requires that tax reporting be received by January 31st.  Which year do you get to deduct the state income taxes paid/withheld? Benton"


Firstly, going short on a stock and worrying if the price suddenly gaps up a lot due to good news is the same as being long on a stock and worrying that the price will suddenly collapse due to bad news. Secondly, an out of the money call option would be cheaper than an in the money call option, in fact the further out of the money the cheaper the premium will be, all other things being equal. So a good risk management strategy would be to set your stop orders as per your trading plan and if you wish to have added protection in case of a large gap is to buy a far out of the money call option. The premium should not be too expensive. Something you should also consider is the time until expiry for the option, if your time frame for trading is days to weeks you make consider a cheaper option that expires in about a month, but if you are planning on holding the position for more than a month you might need a longer expiry period on the option, which will increase the premium. Another option to consider, if your broker offers it, is to use a guaranteed stop loss order. You will pay a little premium for this type of order and not all brokers offer it, but if it is offered you will be protected against any price gaps past your guaranteed stop loss price.


This seems like kind of an odd analysis. The exact same comment can be made every year at this time in regards to iPhones (people are waiting for the next version to come out). Yet every year Apple sells a ton of these things. Don't expect anything different this time around.  As to Qualcomm (also cited in the article) I expect they will be selling plenty of chips this quarter as Apple gets ready to roll out their iPhone 5 this fall.


I would like to add to the answer provided by Dheer. I think under some ULIPs you need not pay premium after 3 years and you can take the money back after 5 years (something like that, read your policy statement of course). Since the money is invested in Stock markets and since generally people say the longer money stays in stocks, the better; you can keep the money with them without taking it back and without paying any further premium. That way, whatever you paid will be invested and you can get it back later when you feel you will make a profit.


What does not seem reasonable about your plan is the payment and buyout.  While $200/month payments are possible (but hard to find), buyouts are more typically in the five figure range. Given that your savings and desired payment for a car is low (the average car payment today is about 450/month), can you really afford the massive depreciation of a late model vehicle? Why not purchase a 2000 car now, and save the 200-300 per month?  In about a year you could move up to a ~5000 car.  You can buy a pretty nice car for 5K.   Myself, I am on my third year of driving a 4000 car.


Here's an excerpt from the Charles Schwab website which I think will help evaluate your position: The simple answer to your question is no, the value of a gift of stock   for gift tax liability is NOT the donor's cost basis, but rather the   fair market value of the stock at the time the gift is given. So let's   say you purchased 100 shares of XYZ stock at $50 a share. Your cost   basis is $5,000. Now the stock is $80 a share and you give it as a   gift. The value of your gift for gift tax purposes is $8,000. In 2015, you can give up to $14,000 to an unlimited number of   individuals each year without paying a gift tax or even reporting the   gifts. If you give over that amount to any individual, however, you   must report the gift on your tax return, but you don't have to pay   taxes until you give away more than the current lifetime limit of   $5,430,000—for the amount above and beyond $14,000 per person per   year. So in the example above, there would be no gift tax liability.   However, if the stock happened to be $150 a share, the value of the   gift would be $15,000. You'd then have to report it and $1,000 would   be applied toward your $5,430,000 lifetime exclusion. You will need to pay a gift tax on the current value of the stock. I'm not familiar with the tax laws in India, but if your brother was in the US, he wouldn't pay taxes on that gift until he sells the stock. The recipient doesn’t have to worry about gift taxes. It's when the   recipient decides to sell the stock that the issue of valuation comes   up—for income taxes. And this is where things can get a bit more   complicated. In general, when valuing a gift of stock for capital gains tax   liability, it's the donor's cost basis and holding period that rules.   As an example, let's say you receive a gift of stock from your   grandfather. He bought it for $10 a share and it's worth $15 a share   on the day you receive it. If you then sell the stock, whether for a   gain or a loss, your cost basis will be the same as your   grandfather’s: $10 per share. Sell it at $25 and you'll pay tax (at   the short- or long-term rate, depending on how long he owned the   stock) on a gain of $15 a share; sell it at $8 and your capital loss   will be $2 a share. Ultimately, with a gift this large that also crosses international borders, you really should hire a professional who is experienced with these types of transactions. Their fees/commission will be completely offset by the savings in risk and paperwork.  http://www.schwab.com/public/schwab/nn/articles/How-Do-You-Value-a-Gift-of-Stock-It-Depends-on-Whether-You-re-the-Giver-or-the-Receiver


They had the loans insured.  The only way they could lose is if US gov't didn't bail out AIG.  The customers may have a high risk of default, but there was little risk of the banks losing their money.  Besides, like AnythingApplied says, those are the kinds of people they can charge all sorts of fees to, they're a fucking gold mine.


"From what I've read, paying down your mortgage -- above and beyond what you'd normally pay -- is indeed an investment but a very poor form of investment. In other words, you could take that extra money you'd apply towards your mortgage and put it in something that has a much higher rate of return than a house. As an extreme example, consider: if I took $6k extra I would have paid toward my mortgage in a single year, and bought a nice performing stock, I could see returns of 2x or 3x. Now, that implies I know which stock to pick, etcetera.. I found a ""mortgage or investment"" calculator which could be of use as well: http://www.planningtips.com/cgi-bin/prepay_v_invest.pl (scroll to bottom to see the summary and whether or not prepay or invest wins for the numbers you plugged in)"


They could have different quotes as there are more than a few pieces here.  Are you talking a Real Time Level II quote or just a delayed quote?  Delayed quotes could vary as different companies would be using different time points in their data.  You aren't specifying exactly what kind of quote from which system are you using here. The key to this question is how much of a pinpoint answer do you want and how prepared are you to pay for that kind of access to the automated trades happening?  Remember that there could well be more than a few trades happening each millisecond and thus latency is something to be very careful here, regardless of the exchange as long as we are talking about first-world stock exchanges where there are various automated systems being used for trading. Different market makers is just a possible piece of the equation here.  One could have the same market maker but if the timings are different,e.g. if one quote is at 2:30:30 and the other is at 2:30:29 there could be a difference given all the trades processed within that second, thus the question is how well can you get that split second total view of bids and asks for a stock.  You want to get all the outstanding orders which could be a non-trivial task.


Working from home is a mixed blessing. It's nice to avoid the morning/afternoon rush hour. It can be nice and comfortable at home and you can work in the nude ...  All that said though you need to make an effort to get out or you will go fucking crazy. You need to make more of an effort to maintain a normal routine as it is far too easy to just get up 5 minutes before you start working etc.  Also it can be hard to focus on work sometimes, shutting out distractions at home can be very difficult especially if you are doing dull work.


The relevant Canada Revenue Agency web site is Tax payable on excess TFSA amount  Withdrawing in the same year does not generate additional room. Details from CRA suggest it is best to avoid withdrawing if you expect you would replenish in the same year. Likewise, you can transfer among your various accounts without penalty.  If you change financial institutions, for example, there is no double reporting as you seem to be concerned about if it is tracked as a TFSA Transfer (similar to an RRSP transfer) from one registered account to another.  The paperwork is not as if it was a deposit but merely a transfer.


Even if it's not used for energy, coal is still essential for making plastics, drugs, air and water filters, soap, dyes, solvents, and carbon fiber.  The coal industry will be around as long as we need aspirin or Boeing wants to build lighter passenger planes.


Glitter, Inc. is a fashion and lifestyle blog, one of the most widely read online resource on fashion, weddings, design, family, events, travel, DIY recipes, crafts and other interesting stuff. Stay informed on the latest trends and things that matter.


Simply, most of the above given 'answers' are mere 'justifications' for a practice that has become anachronistic. It did make sense once in the past, but not any more. Computers and networks can run non-stop 24/7; even though the same human beings cannot be expected to work 24/7, we have invented the beautiful concept of multiple shifts; banks may be closed during nights and weekends, but banking is never closed in the internet era; ...The answer must lie in the vested interests of a few stakeholder groups - or - it could just be our difficult to change habits.


"These people used the money they received to invest in their business enterprises. As we all know, investments of the wealthy ""trickle down"" to the poor. If that money had actually gone to poor people they would have spent it on drink and gambling. These people should be commended, not punished."


"The original *""offer""* was as follows: the shark says he has invested in a company that *may* be interested in this entrepreneur's product, and ""contingent on *that* deal,"" he will buy the owner out for $150K plus a 4% royalty interest in perpetuity. This is technically not an offer, because the contingency was too vague. He was merely showing interest."


The answer is simple. You can generally claim a deduction for an expense if that expense was used to derive an income. Most business expenses are used to derive profits and income, most individual expenses are not. Of course social policy sometimes gets in the way and allows for deductions where they usually wouldn't be allowed. Regarding the interest on a mortgage being deductible whilst the principal isn't, that is because it is the interest which is the annual expense. By the way deductions for mortgage interest in the USA for a house you live in is only allowed due to social policy, as there is no income (rent) being produced here, unlike with an investment property.


"I hate to point this out, but have you heard of this guy Trump, or Warren Buffet (although his son seems to be very competent and grounded, to some degree).   The US is also plagued with this problem where family companies remain so through leadership, they also tend to fail at greater rates than our publicly ran companies.  I suppose Samsung is public company, but why having stock on the open KRX doesn’t lead to better leadership is beyond me to understand?  EDIT:My bad for bringing Trump into this, it was meant as an example of wealth distribution which translates into capacity for business options, and he's well known. However you guys need to do some more research before throwing shade, Howard Buffet has taken over Berkshire Hathaway in a non-executive role, while also holding board positions on a multitude of companies in which BH own significant portions including coca-cola. I wasn't pointing out Warren is incompetent in any way, just he passed the reins off to family too in many ways. ""In December 2011, Warren Buffett told CBS News that he would like his son Howard to succeed him as Berkshire Hathaway's non-executive chairman.""  Apologies for lack of clarity in my statement."


Trust me, the plane ticket is the least of the expenses flying my co-worker out they will face.  His room, his meals outside of what they will serve him, etc.    he will steal every red cent he can from them because he is a filthy thief.


The answer to your question:  I don't think it's being irresponsible at all.  You are at least saving for your retirement, some people aren't even doing that. My advice?  Replace the car with a cheaper car that you absolutely adore.  $1000/month is a lot to pay for a car that's just a car.  Sell yours, take the resultant money and buy a cheaper car outright.  But buy something fun.  If you're going to enjoy driving when you get in your car, really enjoy it. I suggest a used Miata, or a BMW 325i, the E30 version from the late 80s.  Rear wheel drive, light, responsive, and practical.  And cheap as chips to fix as well!


Well, this is their last attempt to fix it anyway, so it better be good. Because you better believe Democrats will pass universal healthcare without so much as a look across the isle for input and there's no taking back that from people.   Isn't it curious that Obamacare started sucking right around the time when GOP started defunding it and all the uncertainty of the markets made insurance companies leave? Let's not kid ourselves, this tax cut bill is not really healthcare reform. But like I said, it's for the best.


That will just change the number of people who are employed. Those who remain employed will require less government help, and those who lose their jobs will require more. Tinkering with the minimum wage will not add wealth or prosperity to the nation, it will only redistribute it.


>First, federal labor law bars even non-union employers like Google from punishing an employee for communicating with fellow employees about improving working conditions. The purpose of the memo was to persuade Google to abandon certain diversity-related practices the engineer found objectionable and to convince co-workers to join his cause, or at least discuss the points he raised.  Google can come back saying something along the lines of he didn't take correct steps or what have you to do this.  I haven't seen a confirmed story about how his manifesto got leak or that he made it well public.    >In a reply to the initial outcry over his memo, the engineer added to his memo: “Despite what the public response seems to have been, I’ve gotten many personal messages from fellow Googlers expressing their gratitude for bringing up these very important issues which they agree with but would never have the courage to say or defend because of our shaming culture and the possibility of being fired.” The law protects that kind of “concerted activity.”  If this true, then he does have a lawsuit om hostile work environment.  >The employee was also fired after making a complaint to the NLRB.  Your article doesn't say that.  Only says he made a complaint then he got fired and not because he made the complaint.


"Short answer: don't do it. Unless you know something that the bank doesn't, it's safe to assume that banks are a lot better at assessing risk than you are. If they think he can't afford it, odds are he can't afford it regardless of what he might say to the contrary. In this case, the best answer may be ""sorry for your luck;"" you could recommend that he comes up with a larger down payment to reduce his monthly payment (or that he find a way to get some extra income) rather than getting you to cosign. Please also see this article by Dave Ramsey on why you should never cosign loans."


Agreed  They are really good at producing a uniform, consistent product from variable ingredients  That's why Stone brewing hired one of their brewers to teach them how to scale up  No, I don't drink Bud, but I respect their industrial process control


According to the US Mint, the Government does still have a gold reserve stored mostly in Fort Knox in Kentucky, but there is some in New York and Colorado too. Some facts from their site:    That last point is an interesting one. They are basically saying, yes we have it, and no you can't see it. Some conspiracy buffs claim no one has been allowed in there to audit how much they have in over 50 years leading them to speculate that they are bluffing. Although the dollar is no longer tied to the gold standard, throwing that much gold into the market would definitely add fuel the volatility of the finance world, which already has it's share of volatility and isn't hungry for more.The impact on the price of the dollar would be quite complicated and hard to predict.


"This is the best tl;dr I could make, [original](https://www.cato.org/publications/research-briefs-economic-policy/do-corporate-taxes-hinder-innovation) reduced by 87%. (I'm a bot) ***** > Are these two objectives at loggerheads? Does changing corporate tax policy also affect future firm innovation? Such debates have become particularly prominent today when many governments face a trade-off between austerity - which requires more attention to government balance sheets - and future growth.  > My administration released a framework that lowers the corporate tax rate and broadens the tax base in order to increase competitiveness for companies across the nation.  > Given the tax deductibility of R&D expenditures and the existence of R&D tax credits, as well as the plethora of sophisticated tax avoidance strategies that some firms adopt, many policymakers doubt that raising the corporate tax rate actually hinders innovation in the real world.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6l4vtd/do_corporate_taxes_hinder_innovation/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~158649 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **tax**^#1 **innovation**^#2 **corporate**^#3 **firm**^#4 **change**^#5"


According to my research one only needs £5000 to invest in this fund.  However, it also has a sales charge of 4% with an annual charge of 1.75%.  If this is short term money, you would have to have a fairly high return to break even.


"This is the best tl;dr I could make, [original](https://www.brookings.edu/opinions/republicans-are-victims-of-a-discredited-economic-ideology/) reduced by 81%. (I'm a bot) ***** > Republicans have become trapped in their own rhetoric, crafted during years of being in opposition.  > Republican leaders have failed to recognize the fact that the economic views of those who voted Republican in 2016 &quot;Lean only slightly to the right.&quot; Republicans could have used the Trump election to effect a political realignment-one that would have combined a more moderate set of economic policies than the Republican elite currently supports with a more moderate set of cultural positions than those espoused by leading Democrats.  > Several Republican candidates supported a value-added tax during the 2016 primaries and a number of leading Republicans, including James Baker, George Schultz, and Henry Paulson are now arguing for a carbon tax that would return all of the revenues raised to individuals in the form of a citizen&#039;s dividend.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6m9f8j/republicans_are_victims_of_a_discredited_economic/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~163171 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **Republican**^#1 **tax**^#2 **might**^#3 **more**^#4 **health**^#5"


IRS Publication 502: Medical expenses are the costs of diagnosis, cure, mitigation, treatment, or prevention of disease, and the costs for   treatments affecting any part or function of the body. Loan interest and fees do not meet this definition.  Your loan interest and fees are a cost of the payment method you chose (a loan), not a cost of medical treatment. The IRS makes clear where loan interest is deductible.  Publication 936 discusses home mortgage interest deductions, and Publication 970 specifically discusses student loan interest deductions. Considering Publication 502's definition of a medical expense, combined with the absence of a publication discussing medical expense loan interest deductions, one must conclude that medical loan interest and fees are not deductible.


If you get your income in the currency you have the new loan in, there is no exchange risk for the future. Assuming that you are able to get and serve that loan, it reduces your cost, so go for it. Yes, if the currency exchange rate changes the right way over the next years, you could have made a better deal - but consider it could also go the other way. If you really want to play this game, do it separately, by trading calls/puts on the currency exchange rate. See it as a separate and decoupled investment option.


"Profitable by design on slide 7, haha.  Yeah, no.  That's because you're purposely leaving out the maintenance and upkeep for the vehicles in the ""not yours fleet"", don't have ""drivers"" but instead contractors, and you thought you wouldn't have to pay taxes or fees in local cities for your ""not taxis""."


Seems like a stupid move to me.  I assume people who don't want to buy a swatch owned brand now won't do so simply because competition is culled.  Movement watches simply aren't necessities but a fashion item much of the time.    It's like a prominent dress manufacturer called, say, Moochi, that owns the supply of thread announcing they will no longer make it available to their competition who then go out of business.  Doesn't mean women will buy more Moochi dresses - some will decide buy just what they need since they Moochi dresses are too plain, and spend more on accessories to stand out.  Worse, they may be leaving open a lucrative parts market where they were still making a little bit on each watch sale.  Perhaps letting a new Chinese start up come in that simply starts supplying and before they know it, start making watches that compete with them.  I think the Japanese steel industry built themselves up this way, after the US steel makers gladly ceded the rebar business to them in pursuit of higher margin business.  Well, the Japanese built on that and started competing on the higher end markets too.


If you are the main account holder I would try contacting your bank directly, some of them have very accommodating services for this kind of thing. You might even consider going in person if you have a local branch, this might just make communicating easier. They will probably go over your recent transactions with you to identify the fraudulent ones. You might do this first by yourself if you have an online account. Once you identify the fraudulent purchases they will probably take a week or two to investigate/process and reimburse you. But do NOT just close the account and forget about it- first off closing an account that is close to $2,000 in debt probably isn't even possible. Second, if you forgot about it for a long time and just let you credit take a hit you could end up really paying for it(in the form of higher interest payments) later in life when you try to get anything financed like car or house or even student loans for college. And make no mistake that can amount to *maaany* thousands of dollars more than you would otherwise pay over the course of a loan. So don't damage your credit if you can avoid it. Long story short, banks have special departments to handle this kind of thing, so work with your bank. See how that goes, if you run into hangups you may need to bring your parents into the loop. Good luck!


A 1040X is the form and instructions you need.  Don't worry you can rescind the $3 presidential campaign contribution for both you and a spouse.


You're speaking as a private individual. If you owe money to a friend or family member, IOW if it's a *personal* loan from someone you *personally* know, then yes, there is an absolute moral obligation to pay it back if at all possible. But the big banks are not 'people you know'. They treat you like a set of numbers- no more and no less. You are an opportunity for them to make money. They will take from you all they can legally get (or less than legally if they can get away with it). They have no reciprocating feeling of 'personal resposibility'. Banks are not humans even if humans work for them. They follow the coldly rational, impersonally merciless path of greatest profit in the most immediate term, without the slightest concern for *your* humanity or needs.


I'd stick with 20% down. Truth is - we don't know enough about you. Are you single and staying that way? How is your retirement savings doing? As others asked, any other debt? You can put 20% down, take a breath and see how it's going. I did just that, the 20%. We then had a baby, and 5 nanny-years to pay for. When she was gone, all that money went to the mortgage, and after refinancing (with no points no closing) we have 7 years to go. Just under 20 years beginning to end. During that time we've saved for college (just about fully funded) and for retirement (both with matched 401(k) accounts).  Remember, if you lose your job, a house with a lower mortgage means nothing when there's still the next payment due. But that cushion of cash can be handy.


On Monday, the 27th of June 2011, the XIV ETF underwent a 10:1 share split. The Yahoo Finance data correctly shows the historic price data adjusted for this split.  The Google Finance data does not make the adjustment to the historical data, so it looks like the prices on Google Finance prior to 27 June 2011 are being quoted at 10 times what they should be.   Coincidentally, the underlying VIX index saw a sudden surge on the Friday (24 June) and continued on the Monday (27 June), the date that the split took effect.  This would have magnified the bearish moves seen in the historic price data on the XIV ETF. Here is a link to an article detailing the confusion this particular share split caused amongst investors.  It appears that Google Finance was not the only one to bugger it up.  Some brokers failed to adjust their data causing a lots of confusion amongst clients with XIV holdings at the time. This is a recurring problem on Google Finance, where the historic price data often (though not always) fails to account for share splits.


"נסחפת  My own choice. And the eclipse is quite minimal in NJ. And if I wanted to step out for 2 minutes, or 1 hour, of take the day off, I don't even need to to notify my ""bosses"". I am a boss myself.  So far none of the people who report to me asked to take time off."


Banks need to provide a free mechanism to deposit and withdrawal money.  Banks are free to charge fees as long as it is well published. If you are not happy with services you can complain to Banking ombudsman.


"Of course I do. The surveys are from graduates of the last year (or two or three depending on which one you look at). Nobody is implying that all the people have successful established careers because inherently that's not what the surveys are about. The surveys are about you finding a job when you graduate, the career part is up to you not the school. They are self reported, but nobody has a reason to lie or not report their salaries correctly.   What I'm getting at here is that there is no conspiracy by the school to skew the way information is presented. Any college applicant with half a brain knows what they are looking at when they see the numbers. They are not misrepresented, thus there is no ""lying""."


"It's a spin on the phrase ""making your money work for you"". before sending your money off to do the heavy lifting, you'll want to   have an emergency savings account of about six months of living   expenses stored in cash. Basically, he is saying before you start to invest make sure you have sufficient emergency savings."


It is one of the most and largest fresh flower online store such as Wedding Flowers, Event Flowers, Funeral Flowers. There are so many our customers very happy after getting the flowers. Here, you can buy online fresh flower and in new latest style of every flower bouquets. Buy flowers online from largest stores that’s also providing event flowers, and they can also provide same-day delivery services. Personalized gifts like the personal notebooks are also a very great idea that makes your special person feel more special.


"A company doesn't offer up 100% of its shares to the market.  There's a float amount of varying significance, maybe 30% of the shares are put up for public offer.  Generally some amount of current shareholders will pledge some or all of their shares for offer to the public.  This may be how the venture capital, private equity or other current investors cash out their initial investment.  The company may issue new shares in order to raise money for some initiative.  It may be a combination of existing shares and new. Additionally, a company may hold some ""treasury shares"" on its balance sheet.  In this instance fluctuations in the share price directly affect the health of the balance sheet. As far as incentive goes, stock options to management and C-Suite employees keep everyone interested in an increasing stock price."


Is she correct in that you generally can't even apply until the cash   transaction is complete? Probably. How can you commit to mortgage something you do not own? Makes sense for them to wait not even until the transaction is complete - but until the transaction is recorded. Is 45 days reasonable to complete the financing? Yes.


Potpourri is natural item having mainly mixture of oils, leaves, flowers, and some other products derived from plants so that you get fragrance of blossom in it. It is also available for online sale with best quality including health treatment power. @ http://articles.pubarticles.com/how-to-herbal-potpourri-and-its-advantages-1505901517,1714153.html


"You are interpreting things wrong.  Indian Infotech and Software Ltd (BOM:509051) clearly has volume and trades.  The MoneyControl site says  Your words like ""Nobody is selling the stock"" and ""no trade going on"" are completely unfounded."


"If it makes you feel any better, I now bank with a credit union. These WF assholes called me one day to tell me that someone had tried to withdraw $500 from my account and that I needed to sign up for a more secure account, of course with a $16 monthly charge. So I did what anybody would do... went to the bank and ask questions right? After I got there and mention the problem they told me that nothing was wrong with my account, that no transactions were attempted and even if they did attempt them and were canceled they would still show up but they didn't. Few minutes later I got another call from that guy and he was telling me that the problem was taken care of and that I didn't need to go to the bank. After that I was just suspicious. Basically what it came down to was that somebody was trying to set me up for accounts that I didn't ask for just so he can get promoted at my expense. They gave me a opportunity to report him but I didn't because I knew him personally, he was one of my ""friends"" and at the time he had two kids. I didn't want him to lose his job. I told him that what he did was completely fucked up and that you don't do that to people outside of WF. That same day I withdrew all my money. I still remember cutting the conversation short after WF tried to convince me all kinds of ways not to do that. I been with a Credit Union about 3 years now and so far so good."


Apex repairing centre is authorised IFB customer care and service centre.  We provides all types of solutions for IFB products in Mumbai. IFB is well known brand in India, so you can relax related to any query or problems you are facing related to the IFB products. Our repairing engineers are highly qualified who delivers the best result for your IFB products. If you found any problem in your IFB products you can call the apex repairing service (The authorised IFB customer care and service centre in mumbai). IFB is well known brand in washing machine industry in india. We provides genuine parts for your IFB products. Apex Repairing service provides this service in Mumbai and Near by Mumbai Region. Our service is fast. For Any Query Related To IFB Customer Care and Service Centre - Click Here


Now, you can get the fabulous dinner service at the West Palm Beach Escape Rooms in your budget. You can come here with your family, because, it is a full secure place for family. We have interesting activity for the clients enjoyment inside escape rooms, it is an amazing place in Florida, USA. It is a romantic date place in which you and your loved one can get a look at the game whilst taking part in a nice night out. The  West palm beach escape rooms offer an exciting event which is unforgetable, challenging and interactive escape room experience team building in fun event.


While a margin account is not required to trade options, a margin account is necessary to take delivery of an exercised put. The puts can be bought in a cash account so long as the cash necessary to fund the trade is available. If you do choose to exercise which almost never has a positive expected value relative to selling except after the final trading time before expiration, taxes notwithstanding, then your shares will be put to your counterparty. Since options almost always trade in round lots, 100 shares will have to fund the put exercise, or a margin account must satisfy the difference. For your situation, trading out of both positions would be probably be best.


that's not a huge surprise-   it boils down to an increased demand for people who can be flexible in their thinking.  Business is becoming much more dynamic, procedures change, technology changes, everything changes from week to week if not day to day.  If you can't roll with the punches then you're going to have a hard time.    Tech firms will hire people who don't specialize in a particular programming language, what they expect is for you to be able to think your way through.


"If your meaning of ""asset protection"" is buying gold and canned food in the name of a Nevada LLC because some radio guy said so, bad idea. For a person, if you have assets, buy appropriate liability limits with your homeowner/renter insurance policy or purchase an ""umbrella"" liability policy. This type of insurance is cheap. If you don't have assets, it may not be worth the cost of insuring yourself beyond the default limits on your renter's or homeowner's policy. If you have a business, you need to talk to your insurance agent about what coverage is appropriate for the business as a whole vs. you personally. You also need to talk to your attorney about how to conduct yourself so that your business interests are separated from your personal interests."


There is no simple way to calculate how much house any given person can afford. In the answer keshlam gave, several handy rules of thumb are mentioned that are used as common screening devices to reject loans, but in every case further review is required to approve any loan.  The 28% rule is the gold standard for estimating how much you can afford, but it is only an estimate; all the details (that you don't want to provide) are required to give you anything better than an estimate. In the spirit of JoeTaxpayer's answer I'm going to give you a number that you can multiply your gross income by for a good estimate, but my estimate is based on a 15 year mortgage. Assuming a 15 year mortgage with a 3% interest rate, it will cost $690.58 per $100,000 borrowed. So to take those numbers and wrap it up in a bow, you can multiply your income by 3.38 and have the amount of mortgage that most people can afford. If you have a down-payment saved add it to the number above for the total price of the home you can buy after closing costs are added in. Property taxes and insurance rates vary widely, and those are often rolled into the mortgage payment to be paid from an escrow account, banks may consider all of these factors in their calculators but they may not be transparent. If you can't afford to pay it in 15 years, you really can't afford it. Compare the same $100k loan: In 30 years at 4% you pay about $477/month with a total of about $72k in interest over the life of the loan. In 15 years at 3% you pay about $691/month but the total interest is only $24k, and you are out of the loan in half of the time. The equity earned in the first 5 years is also signficantly different with 28.5% for the 15 year loan vs. 9.5% on the 30 year loan.  Without straying too far into general economics, 15 year loans would also have averted the mortgage crisis of 2008, because more people would have had enough equity that they wouldn't have walked out on their homes when there was a price correction.


"For the vast majority, ""buying"" a house via a mortgage is not an investment.  I use quotes around buying because from a technical perspective you don't own anything until you've paid it off; this is often an important point that people forget. It's highly unlikely you'll make more on it than the amount you put into it (interest, repairs, etc).  Even with relatively low interest rates. The people who successfully invest in homes are those that use actual cash (not borrowed) to buy a home at well below market value.  They then clean it up and make enough repairs to make it marketable and sell it shortly there after.  Sometimes these people get hosed if the housing market tumbles to the point that the home is now worth less than the amount they put into it.  This is especially problematic if they used bank loans to get the process going.  They were actually the hardest hit when the housing bubble popped several years ago.  Well, them and the people who bought on interest only loans or had balloon payments. Whereas the people who use a mortgage are essentially treating it like a bank account with a negative interest rate.  For example, $180k loan on a 30 yr fixed at 4% will mean a total payout of around $310k, excluding normal repairs like roofs, carpet, etc.  Due to how mortgage's work, most of the interest is collected during the first half of the loan period.  So selling it within 2 to 5 years is usually problematic unless the local housing market has really skyrocketed. Housing markets move up and down all the time due to a hundred different things completely out of your control.  It might be a regional depression, weather events, failed large businesses, failed city/local governments, etc.  It could go up because businesses moved in, a new highway is built, state/local taxes decline, etc. My point is, homes are not long term investments.  They can be short term ones, but only in limited circumstances and there is a high degree of risk involved.  So don't let that be a driving point of your decision. Instead you need to focus on other factors.  Such as: what is really going on with the house you are currently in?  Why would they lose it?  Can you help out, and, should you help out?  If things are precarious, it might make more sense to sell that home now and everyone move into separate locations, possibly different rentals or apartments.  If they are foreclosed on then they will be in a world of financial hurt for a long time. If we ignore your parents situation, then one piece of advice I would give you is this: Rent the cheapest apartment you can find that is still a ""safe"" place to live in.  Put every dollar you can into some type of savings/investment that will actually grow.  Stay there for 5+ years, then go pay cash for a nice home.  Making $75k a year while single means that you don't need much to live on.  In other words, live extremely cheap now so you can enjoy a fantastic living experience later that is free from financial fear.  You should be able to put $30k+ per year aside going this route. edit: A bit of support data for those that somehow think buying a home on a mortgage is somehow a good investment:   Robert Shiller, who won a Nobel prize in economics and who predicted the bursting of the housing bubble, has shown that a house is not a good investment.  Why?  First, home prices (adjusted for inflation) have been virtually unchanged for the past 100 years.  (link 1, link 2)  Second, after you add in the costs of maintenance alone then those costs plus what you've paid for the home will exceed what you get out of it.  Adding in the cost of a mortgage could easily double or even triple the price you paid which makes things even worse.  Maintenance costs include things like a new roof, carpet/flooring, water heater, appliances, etc. Yes, a home might cost you $100k and you might sell it for $200k after 15 years.  However during that time you'll likely replace the roof ($10k to $20k), replace appliances ($2k to $5k), water heater ($1k), carpet/flooring ($5k to $20k), paint ($3k to $6k), and mortgage related costs (~$60k - assuming 30 yr fixed @4%).  So your ""costs"" are between $180k and $200k just on those items.  There are many more that could easily escalate the costs further.  Like a fence ($5k+), air conditioner ($5k+), windows, etc. The above is assuming the home actually appreciates in value faster than inflation: which they historically haven't over the long term.   So you have to consider all of the costs ultimately paid to purchase and maintain the home vs the costs of renting during the same time period.   Point is: do your research and be realistic about it.  Buying a home is a huge financial risk."


A Ponzi scheme takes investor money and lies about where it is invested. New investor money is then used to pay dividends to current investors to attract more investors. However there is a fundamental lie as to where the investment is and how much money is under control. The Fed satisfies none of these requirements.  You're pretty confused on the terms. See my post above on how the Fed works.