"**Multi-level marketing**  Multi-level marketing, abbreviated as MLM, also called pyramid selling, network marketing, and referral marketing, is a controversial marketing strategy for the sale of products and/or services where the revenue of the MLM company is derived from a non-salaried workforce (also called participants, and variously known as ""salespeople"", ""distributors"", ""consultants"", ""promoters"", ""independent business owners"", etc) selling the company's products/services, while the earnings of the participants is derived from a pyramid-shaped commission system.  Although each MLM company dictates its own specific ""compensation plan"" for the payout of any earnings to their respective participants, the common feature which is found across all MLMs is that the compensation plans theoretically pay out to participants only from the two potential revenue streams. The first stream of compensation can be paid out from commissions of sales made by the participants directly to their own retail customers. The second stream of compensation can be paid out from commissions based on the sales made by other distributors below the participant who had recruited those other participants into the MLM; in the organizational hierarchy of MLMs, these participants are referred to as one's “down line” distributors.  ***  ^[ [^PM](https://www.reddit.com/message/compose?to=kittens_from_space) ^| [^Exclude ^me](https://reddit.com/message/compose?to=WikiTextBot&message=Excludeme&subject=Excludeme) ^| [^Exclude ^from ^subreddit](https://np.reddit.com/r/business/about/banned) ^| [^FAQ ^/ ^Information](https://np.reddit.com/r/WikiTextBot/wiki/index) ^| [^Source](https://github.com/kittenswolf/WikiTextBot)   ^] ^Downvote ^to ^remove ^| ^v0.24"


"Start by downloading, installing R. Then, in R, enter the command install.packages(""AlphaVantageClient""). That's case sensitive. From there, I'd refer you to the documentation I've provided in the above link. R is a full-fledged programming language, so it may take some learning to figure out all the particulars of the language if you've never had any coding experience. Enjoy!"


"> All companies are incorporated. It's the definition of a company.  That is incorrect; you have to follow specific legal procedures (the exact procedure seems to vary per state) to give a company the legal status of being ""incorporated"".  Dunno about incorporated companies automatically being ""public institutions"", but all companies are definitely not automatically incorporated."


... or, I could just buy it from Walmart for the same price, and not have to lie.  This is why I many people simply don't buy certain things on Amazon. Walmart does have a big edge here, there is no doubt about it.  Amazon COULD close this gap if they started allowing automated fee-free returns at Whole Foods and Amazon Lockers (imagine you start a return, go to an Amazon locker, scan the code and drop it in the box... box weighs item and prints receipt)


>It's pretty sad you think the people fighting in those countries are dumber then the American soliders (who by the way are mostly there as a result of being to stupid to do anything else), living a less impressive lifestyle doesn't make you stupid, it makes you a victim of circumstance.  The average IQ of Afghanistan is literally 85.  >That aside, context is important, USA has more toys on US soil than the middle east, so you'll be bringing a gun to a drone fight, they would be fighting in territory they have comprehensively mapped using the largest communications collections framework in the world.  >The leaders of any militia would be found and killed in hours if the entire weight of the US government were looking for them.  Do you think none of these tools are deployed in the Afghanistan?  What percentage of the US Military do you think would stay if it was deployed against US Citizens?


Judgement, settlement, insurance proceeds, etc etc. These would probably be recorded as a negative expense in the same category where the original expense was recorded.


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I'm assuming your talking USA. There are two ways to look. If you know you should pay on the cap gains, the best way to handle that separately from your salary is to file a quarterly tax payment.  That, I understand, is what the self-employed have to do. I'm in the situation where at some point, probably this year, the company that employs me will be bought out, and I will owe capital gains taxes on my shares gobbled up in the buy-out.  It's a cash-for-stock transaction.  So, in my case, I've just adjusted my W-4 to take advantage of the safe-harbor provision related to taxes I payed in 2016 and my salary.  The details vary depending on your situation, but in my case, I've calculated what it will take in W-4 allowances to make sure I pay 110% of my 2016 tax payment (after refund).  I'm not worrying about what the actual taxes on those shares of company stock will be, because I've met the rules for safe-harbor. Safe harbor just means that they can't penalize you for under-withholding or underpayment.  It doesn't mean I won't have to write a check on april 15.


You can do it graphically at zignals.com and freestockcharts.com.


I wasn't being condescending, but I was pointing out there are professional association barriers to entry into higher level professions. So go fuck yourself, and that's condescending. But do yourself a favor and read the goddamn requirements in those states. 3 of the 5 REQUIRE AT LEAST ONE YEAR OF LAW SCHOOL. The other two require at least three years of study, under an experienced lawyer. What lawyer in their right mind is going to hire you, pay you, and train you rather than doing billable work? From Slate: Law office readers comprised only 60 of the 83,986 people who took state and multi-state bar exams last year, according to the New York Times. They are also less likely to pass those exams. Only 28 percent of the tiny minority of law office readers passed their bar exams last year, compared to 78 percent of students who attended American Bar Association-approved law schools, reports The Times. So, 17 people in the whole fucking country went that route in 2013. 17 out of the 65,526 people who passed the bar. So, ok, not impossible, but is .026% of new attorneys a viable path? Fuck no.  Or maybe study up on medicine in your non-med school and sit for your USMLE, oh wait you can't.   Or go sit for the CPA exam without a bachelor's degree without at least 12 hours of accounting, 150 hours of college credits (30 more than just a bachelors degree), AND at least a year of accounting experience.   So thank you for the insult just for pointing out there ARE barriers to entry that cannot be overcome by OpenCourseWare style programs for many professions. Maybe you can take those 12 seconds and reconsider what life choices have brought you this moment where you are such a sad fucking jackass who cannot follow someone else's line of thought if it contradicts your own.


"These policies are usually called dread disease policies or critical illness insurance, and they normally aren't a good deal. Furthermore, with the passage of the Affordable Care Act, such policies may become less common or disappear entirely. These policies aren't a great deal because of the effects of adverse selection and asymmetric information, two closely related concepts in the economics of insurance. When you purchase an insurance policy, the insurance company charges you a premium based on your average risk level or the average risk level of your risk pool, e.g. you and your fellow employees, if you get insurance through your employer. For health insurance, this average risk level is the average probability that you'll incur healthcare costs. The insurer's actuaries calculate this probability from numerous factors, like your age, sex, current health, socioeconomic status, etc. Asymmetric information exists when you know more about this probability than the insurance company does. For example, you may look like a relatively low-risk individual on paper, but little does the insurance company know, BASE jumping is one of your hobbies. Because you know about your hobby and the insurance company doesn't, you secretly know that your risk of incurring healthcare expenses is much higher than the insurance company expects. If the insurance company knew this, they would like to charge you a much higher premium, if they could. However, they can't, because a) they don't know about your hobby, and b) the premium may be decided for the entire group/risk pool, so they can't increase it simply because a few individuals in the group have higher risk levels. Adverse selection occurs when individuals with higher risk levels are more likely to buy insurance. You may decide that because of your dangerous hobby, you do want to take advantage of your employer's healthcare plan. Unfortunately for the insurance company, they can't adjust their price accordingly. Adverse selection is a major factor in insurance markets, so I didn't go into much detail here (too much detail is probably off-topic anyway). I can point you towards more resources on the topic if you're interested.  However, the situation is different when you purchase a dread disease policy.  By expressing interest in such a specific policy, e.g. a cancer insurance policy, you signal to the insurance company that you feel you have a higher risk of facing that disease. In your case, you're signaling to the insurance company that your family probably has a history of cancer or that you have habits that make you more susceptible to it, and your premiums will be higher to compensate the insurance company for bearing this additional risk. Since the insurance company already has a rough estimate of your chances of developing that illness, they may already know that you have a higher chance of facing it. However, when you express interest in a disease-specific policy, this signals the existence of asymmetric information (your family history or other habits), and the insurer assumes you know something they don't that elevates your risk level of that specific disease. Since these policies are optional policies often sold as riders to existing policies, the insurance company has more flexibility in pricing them. They can charge you a higher premium because you've signaled to the insurer that you have a significantly above-average risk of contracting a specific disease*. Also, the insurer can do a much better job of estimating the expected costs of insuring you since they need only focus on data surrounding one disease. The policy will be priced accordingly, i.e. in such a way that isn't necessarily beneficial to you. Furthermore, most dread disease policies aren't guaranteed renewable, which means that even if you are willing to keep paying the premiums, the insurance company doesn't have to keep insuring you. As your risk of developing the specific disease grows, e.g. with age, it may pass the point where insuring you is no longer an acceptable risk. The company expects you to develop the illness with the next few renewal cycles, so they decide not to renew your policy. The end result? The insurance company has the premiums you've paid previously, but you no longer have coverage for that illness, and ex post, you've suffered a net loss with no reduction of risk for the foreseeable future.  Dread disease policies are changing under the Affordable Care Act. According to healthcare.gov Starting in 2014, ... all new health insurance plans sold to individuals and small businesses, and plans purchased in the new Affordable Insurance Exchanges, must include a range of essential health benefits. The essential health benefits include quite a few areas of coverage; since this applies to policies offered on the state insurance exchanges and those offered outside of it, dread disease policies wouldn't seem to qualify. For more information, you can read the linked page on healthcare.gov or see Section 1302, subsection b), titled ""Essential Health Benefits Requirements"" in the law itself (p87). I imagine more details will be available on a state-by-state basis through 2014 and into 2015.  One legal source (see the discussion on p24) states that: whatever else the ACA does with excepted benefit policies, including specific disease and fixed dollar indemnity policies, it does explicitly provide that such policies do not count as minimum essential coverage for purposes of the ACA This seems pretty straightforward; a dread disease (or ""specific disease"" policy, as it's referred to in the article), won't count towards the minimum essential requirements. This may not be an issue for you, but for others, it's important to understand that you'll still need to pay the penalty if you only purchase one of these policies. The ACA spells this out in Section 5000(f) (see p316, which states that ""excepted benefit policies"" are excluded and defines them using the definition in the Public Health Service Act (PHSA). **The PSHA specifically includes ""Coverage only for a specified disease or illness"" in their definition of ""excepted benefit policies"" (see section 2791(b), paragraph 3A on p82, so it's probably a safe bet that such policies won't count towards the minimum. Also, as Rick pointed out in the comments, the Affordable Care Act also forbids lifetime limits on most insurance plans, so assuming you find an insurance policy with adequate coverage for the specific disease you're worried about, such a plan should cover the related expenses without a lifetime limit. Deductibles, annual limits, and other factors may complicate this somewhat.  In the section about lifetime limits (Sec. 2711, p2), the Affordable Care Act states that: A group health plan and a health insurance issuer offering group or individual health insurance coverage may not establish ... lifetime limits on the dollar value of benefits for any participant or beneficiary.  However, the law states in the next paragraph that the preceding statement should not be construed to prevent a group health plan or health insurance coverage from placing annual or lifetime per beneficiary limits on specific covered benefits that are not essential health benefits under section 1302(b) of the Patient Protection and Affordable Care Act, to the extent that such limits are otherwise permitted under Federal or State law The section also contains similarly vague caveats about annual limits, so the actual details and limits may vary once individual states finalize their policies. The law is intentionally vague because the vast majority of the law's implementation is left up to individual states. Furthermore, certain parts of the law specify actions involving the Secretary of Health and Human Services, so these may require further codification in the future too. You should still read the fine print of any insurance policy you buy and evaluate it as you would any contract (see the next section).  Since a dread disease policy probably isn't a good idea, you'll probably want to evaluate the healthcare plans offered by your employer or individual plans offered in your area (if your employer doesn't offer coverage). I've tried to include the basic points offered in these articles to give you or future visitors some idea of where to start. These points may change once the Affordable Care Act is implemented, so I'll try to keep them as general as possible.  Services - Above and beyond the minimum essential requirements, what services does the plan offer? Are these services a good match for you and/or your family, or do they add unnecessary cost to the premium with little or no benefit? For example, my health insurance plan offers basic dental coverage with a small co-pay, so I don't need a separate dental plan, even though my employer offers one.  Choice - What doctors, clinics, hospitals, etc. are preferred providers under your plan? Do you need a referral from your primary care doctor to see a specialist, or can you find one on your own? Are the preferred providers convenient for you? In my first year of college (about five years ago), my student health insurance only covered a few hospitals that were in the suburbs and somewhat difficult for me to reach. This is something to keep in mind, depending on where you live.  Costs - This is a major one, obviously. Deductibles, copays, maximum cost limits over a year or your lifetime, out-of-network costs, etc. are all variables to consider.  There are other factors, but since I don't have a family, other members of the site can provide more detailed information about what to look for in family policies.  In place of a dread disease policy, you're likely better off purchasing a comprehensive health insurance policy, perhaps a catastrophic coverage policy with a high deductible that will kick in once you've exhausted your standard insurance policy. However, this may be a moot point since the passage of the Affordable Care Act may significantly reduce the availability of such policies anyway."


Talk freely about what you can now do because of saving. If you plan to retire sooner than most, or more comfortably than most, and can tie that to something you want them to do, show them that. If you buy a very nice car, or install a pool, and they wish they could afford that, tell them it took 5 or 10 or 20 years to save up for it, at x a week, and now you have it with no loan. Or be a cautionary tale: wish you had something, and regret not having saved for it. Young adults are generally well served by knowing more of parental finances than they did while they were dependents. Ask them if they will want or need to fund parental leaves, make a down payment for a house, own vacation property, put a child through post secondary education (share the cost of theirs including living expenses if you paid them), or go on amazing vacations fairly regularly. Tell them what those things cost in round figures. Explain how such a huge sum of money can accumulate over 2, 5, 10 years of saving X a month. for example $10 a week is $500 a year and so on. While they may not want to save 20 years for their downpayment, doing this simple math should let them map their savings amounts to concrete wishes and timeframes. Finally, if this is your own child and they live with you, charge them rent. This will save them from developing the habit of spending everything they earn, along with the expensive tastes and selfish speaking habits that come with it. Some parents set the rent aside and give it back as a wedding or graduation present, or to help with a downpayment later, but even if you don't, making them live within their true means, not the inflated means you have when you're living rent-free, is truly a gift.


You would be extremely delusional if you think the average joe could go to Princeton, and then get a senior executive position at age 29. I also would know because Im also privileged like David and so are most of my friends. I don't I have a single friend that is paying for their own tuition out of pocket.  http://www.nytimes.com/2013/03/03/fashion/weddings/david-knopf-edwin-marrero-weddings.html


I really enjoyed Creativity, Inc. (Pixar) and Delivering Happiness (Zappos). Pixar is kind of the poster for fostering a creative culture while Zappos is perennially on the best places to work. A nice balance to the more aggressive culture that is mentioned at Amazon in The Everything Store.


It looks like the advice the rep is giving is based primarily on the sunk cost fallacy; advice based on a fallacy is poor advice. Bob has recognised this trap and is explicitly avoiding it. It is possible that the advice that the rep is trying to give is that Fund #1 is presently undervalued but, if so, that is a good investment irrespective if Bob has lost money there before or even if he has ever had funds in it.


The Robber Barrons are in power and once they sink their claws into our system (and they have had them sunk in for decades) it will be hard to get rid of them, but for our own future we have to try to remove them.


I've had them 4 times, it sucks hard. I have severe anxiety about getting bed bug bites now and I travel for work once a month at a minimum.  Don't worry I can one up you. Last work trip the other week was when this hit the front page of Reddit and  watched it: https://youtu.be/kvNbsi4aDuk


Need help with a finance problem I'm currently facing in my business.  My company might be going through an acquisition and I need to understand how the dilution works out for shareholders.  They currently have large shareholder loans (debt), and will be converting to equity pre-transaction.  For this case, if the original company value = $1 MM and the SHL value = $1 MM, I'm assuming that'd dilute equity by 50% for all shareholders if converted to equity at original company value.  Correct?  However, what if the $1 MM in shareholder loans were converted at the market value of the company, say $4 MM?    I might be confusing myself, but just want to confirm.. thanks!


"I'll tackle number 2. It's one which many academics dismissed as an impossibility; after all, how could that be rational? What could cause negative yields (ie effectively giving an entity cash and paying for the privilege of doing so!) is something we've experiencing currently: fear. Back in the financial crisis, investors were actually paying to store their cash in treasuries, because of the  fear that if they left it with a bank they might not get it back.   What about the FDIC Insurance you may ask quite logically. The problem is that we're talking about massive entities, like pension funds, asset managers, corporations, who normally would store some (think millions - billions) in cash and cash equivalents (bank accounts, money market funds, short-term paper), they really aren't protected. So, they do what turns out to be the rational thing, which is pay a premium on ""safe assets"" ie US Gov't bills to guarantee you get most of your money back.  The same thing is currently happening with German front-end paper, as Europeans pull their money out of banks/periphery assets and search for safety.  Hope that helped."


The phrase doesn't mean anything specifically. Your SO could start paying the payments, but the title and lien would remain in your name.  If you wanted to change the title or lien to be in her name, you would have to sell the car to her (sales tax would be involved but the process would be relatively painless).  You could sell her the car for a pretty cheap price, but not $1. (unless the depreciated value of the car was less than the rest of the loan amount). You could draft up an agreement that if you break up or something, she agrees to buy the car from you for $x dollars minus all the payments she has made on the car.


**NEED** a car and a average quality 2 bedroom apt? your entitlement and privilege may be skewing what is necessary. how about public transport/bicycle/ ridesharing/ living in a 4 bedroom house of a bargain quality with more people instead of that avg 2 bedroom. my god the entitlement and privilege is crazy!


"In response:   1 - So every disease that isn't glamorous enough to generate independent financing for research isn't going to get cured.  Gotcha.  More people die of colon and rectal cancer per year than breast cancer, but you'll never see a ""Save the poopers"" walk, because that shit doesn't sell yogurt.  Most ""awareness"" fundraisers don't do anything (or do comparatively little) for research.  They're more about supporting survivors.    Yet, the CDC is one of, if not the most successful federally-funded program ever.  It's wiped two diseases off the face of the earth.  No bake sale is going to do that.  Public health is a market failure - and the CDC has managed to give away 80% of its funding to third-party research and programming in such a way that it has accomplished goals including eradication of disease.    2 - First, [comptrollers](http://en.wikipedia.org/wiki/Comptroller) are financial reporting and accounting oversight managers.  The guys who wear headsets are aircraft controllers.    So which airline will have the flight controllers?  Will every small operation have to have its own controller in every tower at every airport it lands at?  Or will the airlines large enough to have controllers simply charge everyone else to use theirs?  Even more interesting, without oversight, what's to stop misinformation being fed between controllers with different carriers, for the profit of individual companies?  The FAA also inspects aircraft during manufacturing and maintenance.  If everyone who builds an aircraft is responsible for funding that themselves, or getting some third-party certification (yet another government organization must be created, or somehow exist profitably by magic), that's going to kill the world of experimental aircraft outside of the big three.    3 - You really didn't google anything before you got into this.  No, the police don't enforce FCC regulations; that all falls under the FCC's jurisdiction and they only rely on locals for backup security during raids, which are rare.  Leaving it to civil suits means anyone with the largest pockets gets to broadcast the loudest.  Leaving it to the locals means training local police to fox hunt.    Minor disputes over frequencies?  That's plainly naive; nearly everyone with a transmitter has more wattage available than they're legally permitted to use.  Broadcast wattage increases are delicately negotiated, petitioned, debated and re-petitioned, and then turned up.  Elimination of regulation wouldn't even be settled at the town level - you're talking inter-county and interstate disputes.  I personally broadcasted at a station that was greenlighted to 15,000W and we were heard in the tristate area and *Canada* - good luck coming to international accord on broadcasting standards without a federal body to speak for your industry.    I'm not even addressing your last paragraph.  It's just straw-manning and caricaturization."


"**If** you can resist peer pressure... Go to their meeting, and make a ""counteroffer"" to their promise of gold-plated helicopters and private islands:  You'll take a *mere* $100k salary instead (or if you already make that, double it - The number doesn't really matter).  Then watch them hem and haw as they try to find a way to ""do you a favor"" by not accepting your far too generous offer.  / Had a friend who made a pretty good living off going to Time Share demos for free weeks here and there scattered around luxury resorts.  I should mention he was a *big* guy, and the ""guy #3 blocks the doorway* tactic wasn't particularly effective against him."


That seems unrealistic given his history of supporting corruption and ethics breaches. He was warned about corruption, ethical, and loyalty concerns for a bunch of his cabinet and he brought them on anyway.  These people did not get outed by trump, they abandoned him because he is a petulent, poorly performing, and all around unstable executive.  He cant even respond to domestic terrorism in any acceptable way.


"I once had to train a guy who worked 2.5 hours away. They had me drive each way everyday, paying both mileage and my hourly rate for the drive. So everyday was 5 hours drive time, 3 hours of work, plus mileage.   I asked for permission to get a hotel room, which would break even with my gas reimbursement and let me work with the guy 35 hours a week instead of 15.  They said no, my boss had discretion on driving, but had to get hotels approved. I was also told I had to work 5x8hrs days, not 4x10hrs, which would have saved a day of mileage and meals and given 5 extra hours a week with him.  There was also a minimum number of training hours that had to be done, so the lesser hours per week meant I did this for months instead of weeks if I had a hotel room.  I even got yelled at one day by the location manager because I called out due to weather. ""It's against policy to let people call out due to weather unless the location closed due to it."" I had to explain that the ice and snow would drop my driving speed too much and I would spend half the day driving there, the other half driving back and spend no time working."


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It won't be worth $1050 at maturity. You are not accounting for tym.   So to see the 'worth: of a bond you will need it's yield (5%) and the current market rate of a similar bond.    Then just use the bond valuation formula to solve (on mobilw so can't explain further/better) sorry


The time to have looked into this is before you bought the condo, not now. You are presumably an adult. Your parents have apparently made it possible for you to have a roof of your own over your head for what is probably below rental rates (but I don't know your area, so can't say). From their point of view, they may have been doing you a favor, while giving themselves an investment opportunity. What would they be doing with that money otherwise, and at a higher or lower rate of return, and with greater or lesser risk? Where and how would you be living otherwise? More Importantly, if you can't talk to them about this you have bigger problems than money.


The more you put down now, the less money you are borrowing.  30yrs of interest adds up. Even paying a small amount at the beginning of the mortgage can turn into a huge savings over the life of the loan. That's why you'll find advice to make extra mortgage payments in the beginning.  The question is: Do you have a better use for that money?   In particular, do you have any higher-interest debt (higher APR than your mortgage) that needs to be paid off?  You generally want to take care of those first.   Beyond that can you invest the extra down payment money elsewhere (eg stock market) and get a better return than your mortgage rate?  (don't forget about taxes on investment profits). If so, that money will do more good there.


Saving Fortune 500 companies hundreds of millions to billions a year and a small company a few thousand. Who's paying for the shortfall to the IRS? The reality is a small business probably make $0 profit because the owner pays himself out, or has enough employees that the (company) makes a profit saving a few grand doesn't do anything. You know what would help? The 1 trillion profit the Fortune 500 make a year, take half. Give energy companies 0% interest loans to pay off their nuclear plants and reduce energy costs for 320 million Americans by a large amount. Take the remainder and the following 3 years and refinance mortgages at 0% interest starting from the smallest to largest loans.  4 years high taxes on large corporations I just bailed out the middle class and helped the poor with 100% retuned to the IRS.


You forgot about the low income people. Check!  No, I will not let you know what Trump offer for low income families. I want you to check it yourself.  Trump is helping Low Income more than Middle and the Rich.  And the Rich hardly get any break. Check that too!


Your post seems to read as if you want to invest only in real estate rental properties as a start because they will be a reliable investment guaranteed to generate profits that you will be plowing back into buying even more rental properties, but you are willing to consider (possibly in later years) other forms of investment (in real estate) that will not require active  participation in the management of the rental properties. While many participants here do own rental real estate and even manage it entirely, for most people, that is only a small part of their investment portfolio, and I suspect that hardly any will recommend real estate as the only investment the way you seem to want to do. Also, you might want to look more closely at the realities of rental real estate  operations before jumping in. Things are not necessarily as rosy as they appear to you now.  Not all your units will be rented all the time, and the rental income might not always be enough to cover the mortgage payments and the property taxes and the insurance payments and the repairs and maintenance and ... Depreciation of the property is another matter that you might not have thought about. That being said, you can invest in real estate through real estate investment trusts (REITs) or through limited partnerships where you have only a passive role.  There are even mutual funds that invest in REITs or in REIT indexes.


"Did you see that Kaiser pays their average nurse $110K?  Nurse in the sense of ""works full time at a major hospital"".  As for the police: the $75K doesn't include time in rank bonus....which even in NYC goes from $45K to $90K in five years. Time in rank bonus is a very big deal."


> However, housing developers and tenants will respond by increasing the supply of affordable housing elsewhere eventually reaching price equilibrium.  This entire thread is filled with people commenting and complaining on the real reason for high home prices, the fact that supply is artificially limited by red tape and local governments.


I can't help you with consolidation, but I'd suggest automating as much of the payments as possible. If not, you might take a look at any of the numerous online banks that have online bill pay, and open an account with them. (E.g. ING Direct, Ally, etc.) You can set up the online account to pull from your current checking/savings account, and then make payments from that online account to your loans. When you have that set up, if there is some extra payment you want to make, you can set up an automatic additional periodic payment to get rid of one lender at a time until everything is paid off.


I'm sure it depends on the company, but I routinely run balances greater than 0 on my credit card. The reason is simple: I already budgeted to spend the money, I know I'm going to spend the money, and it's easier to put the extra money on the card at the beginning of my budget period rather than waiting until I spend the money and get a bill. There are 2 relevant numbers: First is the balance on your bill. It can show a positive or negative value, as people have talked about. The balance on my card tends to update fairly infrequently. The second is the available credit. When I overpay on my card, the available credit does not show more than the available debt. The latter value, however, updates for me immediately -- I can see within minutes any transaction on my credit card based on the credit available. One important caveat: Refunds don't always immediately process. You may have to wait days or weeks until that money shows up in your account. Spending the money before it appears in your account will cause your card to behave exactly as if you don't have the money.


If you are looking for a simple formula or buying order / strategy to guarantee a lower buying price, unfortunately this does not exist.  Otherwise, all investors would employ this strategy and the financial markets would no longer have an validity (aka arbitrage).  Buying any investment contains a certain level of risk (other than US treasuries of course). Having said that, there are many option buying strategies that can employed to help increase your ROR or hedge an existing position.  Most of these strategies are based a predicted future direction of a stock on the investor's part.  For example, you hold the Ford stock and feel they are releasing their earnings report next week.  You feel that they will not meet investors' expectations.  You don't want to sell your shares but what you can do is buy put options.  If the stock does indeed go down then you make money on your put options. Here is a document on options.  It is moderately technical but very good if you want a good introduction on the subject.  The strategy that I described above is on pg 33. http://www.m-x.ca/f_publications_en/en.guide.options.pdf


Superior rating system is not why Google dropped Yelp. They dropped Yelp because, among other reasons, Yelp turned down a takeover bid from Google.  Consider that in the new Maps app on Apple's iOS 6, Apple is pulling in ratings from Yelp. Would Apple choose to get review data from an inferior source? Unlikely.


It's an issue of how much of a safety net you want, and part of that is going to be how much of a safety net you have in other areas. You should take into account what regular expenses you have, what emergency expenses you might have, what insurance policies you have, what deductibles those policies have, and what sources of money you have. As Alex B says, a HELOC isn't a guaranteed source of money, but it is one contingency. If you have a large amount of equity and your local real estate market is stable, your bank could cancel your HELOC, but they would have no financial incentive to do so. Other possible safety nets to consider would be friends and family, credit cards, and loans backed by retirement funds. Obviously you shouldn't rely on the last two for everyday expenses, but it's reasonable to consider them as contingencies in true emergencies.  Also, if you have a significant net worth, home equity and savings account should not be the only places you're storing your wealth. Look into stocks, bonds, and money market accounts. Your expected returns in the stock market should be higher than the interest you're paying on the HELOC. Stocks are more risky and obviously you shouldn't put all your savings there, but it is one more basket to put your eggs in, and unlike a savings account your money isn't just sitting there.


This is such a shame imo.   No one here feels like children should be focusing on something other than making profits? Selling shitty services for self betterment?   If you teach children that money is god, they will worship it. Like you apparently.


I wouldn't worry about his credit score. The hit from a credit inquiry is not that big and it's absolutely worth it in the long run. I suggest you sign him up for a free budgeting app (just google budgeting app) that will help him not only take control of his spending but also help him with his loans. Transferring debt comes with a few caveats:  His credit score is bad so I don't know if he'll be able to get 0% loan, but even if he gets 6% - 8% that will save him money; just don't forget about the transfer fee.  If he has checking/savings account it's worth talking to that bank first - they might be able to give him a better deal for being their customer. Also if he tells them his story and credit score they might be able to give him an idea what they can offer him without doing a credit check.  Another option is to become a member of a local credit union - they have great rates on loans / credit cards. Credit card or personal loan doesn't matter much, whatever he can get. With his credit score I doubt he'll be able to get a good rate at Chase or one of the other big credit card companies. Good luck.


UK is still in Europe, leaving the union doesn't change that. I would change my original claim that they are doing fine, Italy is improving, but not at a good state yet. They are years away from that. However, you omitted all the great countries that I mentioned doing well.   Conclusion? They are individual states, each with their own political systems and leaders.


Beausoleil & Sons has successfully been in business for over 40 years providing quality and dedication in all the work that we do for Rhode Island and surrounding Massachusetts & Connecticut. We are family owned and operated that continues to pass down our ethics and values to our future generations. Let Beausoleil & Sons provide your project with the care and attention it deserves. We work hard to complete every job to the customers satisfaction. Please contact us so we can answer any questions you may have, or to give you a quote towards your next paving project.


"> Everything that President Trump promised you is going to happen.  Absolutely not! Never ever, any president, or politician, fulfill all or most of they promised.   I am still waiting for the Wall with Mexico, but I am sure it will not be done. It's a good idea which I support.  I also doubt that the revised Health Care plan will be ""affordable"" and covering everything. It was not under Obama, despite him calling it ""affordable"" and it will not be under Trump, albeit Trump will make it much better. This, I am sure.  >> I even asks for specifics [about Global Warming causing ""instability"" and ""expenses""] and you did not (and cannot) name any!  > Oh, you got me. It can't be real if I don't have specifics.  Yes, I got you! Absolutely.  If there's not even a ""maybe"" for a possible specific ""instability"" or ""expense"", then it's not real.  If you don't get it, I will explain with an example. If I say ""AI and Robots will take most jobs from people"" and I can't come with a specific, you will not accept that statement, am I right.  Well, I actually claim that AI and Robots will take most jobs from people!! SPECIFICALLY, all driving, cleaning, cooking, maintenance, taking care of patients and sick, etc can be done by Robots. Managing and coordinating work, identifying and and evaluating situations currently done by doctors, experts and advisors can be done by AI machines.  Do you now accept my statement, prediction?  Now, you try it: give me a specific ""instability"" or ""expense"" that Global Warming may cause. Just try...  >> Hunger will not occur because warmer weather and more rain is just even more food.  > We're going to have farming in Phoenix!  Yes. But not so much because of the much more rain that will start falling in Phoenix. It will still not be enough.  Do you know where 20% of lattice in my state, NJ, the Garden State, comes from? I'll tell you: it's from one large former warehouse in the city of Newark where lattice grows on moving conveyer belts immersed in water where fish swim and the food they get turns into poop that the plants eat. This operation, which will become the standard worldwide, reduce the damage to the environment and global warming in an unimaginable way.  > Yes, it is the Russians who are hacking his teleprompters and Twitter feed.  LOL! This sound exactly as desperate attempt to be ""funny"" by someone proven to be wrong on the subject.  **I asked you before, and I notice you did not reply: Is Trump a Nazi or alt-Right sympathizer? What ACTIONS by Trump you do not like?**"


If I had to start with one thing about Dave's Philosophy it would be: Zero Debt.   Dave Ramsey doesn't believe in going into debt for anything, except a house for residence (and he's conservative about how much debt there as well).  This is his biggest differentiating feature from Clark Howard or some of the others.   His main points are (Some duplication of Yishai) His radio show is available on many US radio stations with internet streams.  I use WSJS, where he is available from Noon to 3PM Eastern.


I just finished my bachelor and I'm doing my masters in Computer Science at a french school in Quebec. I consider myself being in the top 5% and I have an excellent curriculum, having studied abroad, learned 4 languages, participated in student committees, etc.  I'm leaning towards IT or business strategy/development...but I'm not sure yet. I guess I'm not that prepared, that's why I wanted a little help.


"I would suggest you pay quarterly. Or, if you prefer, do the extra withholding. Don't wait until the end of the year. My experience is that of having a day job with freelance work on the side. I've spent a few years just freelancing, and I paid quarterly as requested to avoid the penalties. Now that I have a good day job again, my freelancing is just a small part of my income, and so I end up with a net return and no longer have to pay quarterly. You shouldn't wait until the end of the year to pay. This is assuming your wife is bringing in a decent income. The only scenario where you would want to wait is if her income is only a small amount (such as my wife's plans for an Etsy store). To the IRS, it doesn't really make a difference whether you withhold extra or pay quarterly. Of those two choices, my preference is to pay quarterly - it's easy to set up calendar reminders on the quarterly payment dates, which are always the same. I did the same as bstpierre when estimating my payments: just take last year's tax (for the business) and divide by 4 (adjusting for any obvious situational differences). That's usually close enough. Paying quarterly instead of via withholding means you get to hold on to your money (on average) for 6 weeks longer. Granted, that doesn't mean much with today's interest rates, but it's something. You may prefer the simpler accounting for withholding, though - you can ""set and forget""."


A: Rollover the cash from the previous account into the new one a low-cost IRA like Vanguard. This, and only this.  Because your mortgage is, less than 4%, while your retirement plan will earn 7% over the long term. I have no 'retirement' plans because Because you're 28. and essentially will be happy working until I die Unless circumstances change. but as far as I see it this is not such a bad deal because it is like paying taxes on income. (Principal says I will lose up to 30%) You're ignoring the 10% early withdrawal penalty. I am wise with my money for the most part Then don't piss away $3,000 just for a temporary feel good. I earn a high salary in a tech job.  As a result of being under 20%, I am paying mortgage insurance of about $300/mo. So -- after building up an Emergency Fund -- throw as much as possible of your high salary against your mortgage to get rid of the PMI.


In Germany you can register a Einzelunternehmen and receive payments into your personal bank account with a German bank. Apple will certainly be able to transfer to accounts in Germany as payments go via the European SEPA standard. Tax wise if you are living in Germany you will need to pay tax in Germany, so this is really the easiest way of doing it.


It depends on how much diversification you think you need and what your mutual fund options are. For instance, picking an index fund already provides a fair amount of diversification, especially if you select a Total Market type of index (readily available from Fidelity and Vanguard, and many other fund families). Are you looking to balance domestic vs. international investments? You may want to add an international index fund to the mix. Feel that a particular sector has tremendous potential? Add a sector fund. This investment mix is up to you (or your investment advisor). However, depending on your Roth IRA mutual fund choices, some of these funds may have minimum investment requirement - $3k to open a fund's account, for instance. In that case, you'd have no choice but to put your entire investment into one fund, and wait for subsequent years where you'd be able to invest in other funds after providing additional contributions and/or reallocation any growth from your initial investment. One thing to look at is whether you have an option of putting some of your contributions into a money market account within the Roth IRA - you can then reallocate funds from that account into another fund after you can meet the minimum investment requirement. However, in my opinion, if you start out by investing in a solid, low-cost index fund from a reputable mutual fund company, you've already picked up most of the diversification you need - a single fund is enough.


Honestly, I don't know if we're ever going to find an ideal. I'm starting to see us as the EU fiscal problems. Too many *vastly* different people/ economies trying to find a one size fits all solution. I am strongly opposed to the well being of people being in the hands of a for profit company, be it health care/ education/ prisons. On the other hand governments and especially their employees can be, and are wasteful and inefficient. I believe that your health is *mostly* personal responsibility. Of the [top ten leading causes of death,](http://www.cdc.gov/nchs/fastats/lcod.htm/) I see the majority being mostly preventable on some level. But this all opens many other cans of worms.


102° that is nothing. During summer months, it reaches 120° in my area and 130° in others. No air or airflow other than small fans. OSHA has no heat regulations so we are told to deal with it and drink water.


If it's easier for you to believe that I'm lying and keep waiting for that *lucky* break, good *luck* with that. A 90 hour a week schedule is hard but not impossible. It was the hardest two years of my life, and that's counting the first two years of parenthood I'm getting though. Had a baby on the way for one of them which may have provided me with more motivation than your average slacker college kid, but I was already a year into my insane schedule before my wife got pregnant.


I'm in the same boat as you. 2.2 highschool GPA. Took the sat and scored and 1100, atleast I won't have to take placement classes and waste money.  A 3.8 GPA is solid man you should be fine as long as you can do well In an interview. Most top schools don't even take SAT scores except for Harvard, Columbia ect.   I'm hoping to pull at least a 3.8 as as well.


">I think it's fairly well known that the ""progressive era"" of creating new regulation was actually about creating industry cartelization with government force,   Alas, while it is well **documented** it is emphatically NOT **well known** (if by ""well known"" you mean widely understood).  >while duping the public into believing it was good for everyone but the companies it was actually good for.  And you provide the reason right there.  The public was DUPED... and that ""duping"" was not only largely successful, but it continues to this day.  Hence the demands for even MORE of the same."


Look I am not debating you, I think something should change.  I was point out that the current mood is that protect the consumer.    The MS thing was a competitor complaining about them, spun as the consumer can’t use other options as means to get them a better product.  Like by not using Firefox and being stuck with IE the consumer is harmed.    Back before when everyone went trust busting, it was about keeping a healthy competition in the market.  That view is gone,  its all about protecting the consumer.  a short sited view as once competition is gone we can then screw the customer and then what happens?  Protect competition and encourage, not the current view.


Save enough to build an emergency cushion of 4-6 months total expenses. After that, invest everything you can in areas where you are well researched and have carefully formed your own opinion on the subject. Those who save do not reach financial freedom, those who learn to invest and make their money work for them do. Invest in learning how to invest.


Rt.com is propaganda, but with enough legitimate journalism to give it a veneer of legitimacy. Rt.com, as a press organization funded by the Russian state, will never report anything in conflict with Putin's interests and most of what it reports in somw direct or indirect way serves Putin's agenda of delegitimizing rival Western states and institutions.


"I don't think you have your head in the right space - you seem to be thinking of these lifecycle funds like they're an annuity or a pension, but they're not. They're an investment. Specifically, they're a mutual fund that will invest in a collection of other mutual funds, which in turn invest in stock and bonds. Stocks go up, and stocks go down. Bonds go up, and bonds go down. How much you'll have in this fund next year is unknowable, much less 32 years from now. What you can know, is that saving regularly over the next 32 years and investing it in a reasonable, and diversified way in a tax sheltered account like that Roth will mean you have a nice chunk of change sitting there when you retire. The lifecycle funds exist to help you with that ""reasonable"" and ""diversified"" bit.They're meant to be one stop shopping for a retirement portfolio. They put your money into a diversified portfolio, then ""age"" the portfolio allocations over time to make it go from a high risk, (potentially) high reward allocation now to a lower risk, lower reward portfolio as you approach retirement. The idea is is that you want to shoot for making lots of money now, but when you're older, you want to focus more on keeping the money you have. Incidentally, kudos for getting into seriously saving for retirement when you're young. One of the biggest positive effects you can have on how much you retire with is simply time. The more time your money can sit there, the better. At 26, if you're putting away 10 percent into a Roth, you're doing just fine. If that 5k is more than 10 percent, you'll do better than fine. (That's a rule of thumb, but it's based on a lot of things I've read where people have gamed out various scenarios, as well as my own, cruder calculations I've done in the past)"


Since we seem to be discussing credit score and credit history interchangeably, if I can add credit report as the third part of the puzzle, I have another point. Your credit score and credit report can be effective tools to notice identity theft or fraud in your name.   Keeping track of your report will allow you to not only protect your good name (which is apparently in dispute here) but also those businesses who ultimately end up paying for the stolen goods or services.


Gaining traction is your first priority. WARNING: as @JosephZambrano explains in his answer the tax penalty for withdrawing from a 401(k) can easily exceed the APR of the credit card making it a very bad strategy. Consult in-depth with a financial advisor to see before taking that path.  As @JoeTaxpayer has noted a loan is another alternative. The 401k is no good to you if you can't have shelter or comfort in the mean time.  The idea is to look at all the money as a single thing and balance it together.  There is no credit and retirement, just a single target that you can hit by moving the good money to clear the bad. Consolidating the credit card debt somehow would be very wise if you can.  Assuming it is 30% APR shrinking that quickly is the first priority. You may be able to justify a hardship withdrawal to finance the reduction/consolidation of the credit card.  It may be worth considering negotiating a closure arrangement with a reduced principal.  Credit card companies can be quite open to this as it gets their money back. You may also be able to negotiate a lower interest rate. You may be able to negotiate a non-credit-affecting debt consolidation with a debt consolidator.  They want to make money and a 25K loan to a person with sound credit is a pretty good bet. Moving, buying a house, or any of that may just relocate the problem.   You may be able to withdraw $25K from your 401k under hardship, pay the credit card, and come up with a payment plan for the medical debt. It's a retirement setback for sure, but retirement is an illusion with that credit card shark eating all of your hard-earned money.  You gotta slay that beast quick. Again, be sure to fully analyze whether the penalty on the 401(k) withdrawal exceeds the APR of the credit card.


I must humbly disagree with your analysis.  These politicians want to help out their fossil fuel buddies because they know once they leave office they can then work as lobbyists for the industry.  They do not need to be misled or lied to.    3 former mayors of my city now work as Investment Bankers getting paid at least $2,000,000 a year to help companies get contracts from the city they were mayors of.


You can get this information through Bloomberg, but it's a paid service.


"Besides your credit score, there are other smart reasons to have a second line of credit.  (Your credit score doesn't affect you the majority of your life, but when it does whoooooo boy does it.) Should the first bank you have credit with create or find a clerical error, a second line of credit can provide a cushion while you sort it out with the first Should physically damage a card, or have it stolen, having a second backup at home will be helpful as you wait for a replacement. Getting a second line of credit with a different institution than your first allows you the flexibility to cancel one and move your business should the deal become unfavorable to you. Multiple lines of credit in of itself is a plus to your credit score (albeit a small one) You can organize your finances.  One card handles the recurring payments in your life, the second incidentals.  The expected activity type might make it easier to detect fraud. When you get your second line of credit, get it from a different institution than where you have any other business now.  (A credit union if you can, or a small local bank).  Make sure there is no annual fee, and if there is a reward, be certain it is worth it.  Cash back is my favorite because I can spend cash where I like, whereas ""points"" have to come out of product in their catalogs.  Lower interest rate is best of all.  Even though you always plan on paying it off every month like clockwork, you might one day run into an issue where you cannot.  Lower interest rate becomes very important in that plannings scenario."


Let's say your marginal tax rate is 33%.  For every dollar you put in an RRSP, you'll get 33 cents back on your taxes, while the whole amount grows tax free inside the investment.  If you can afford it, money in an RRSP generates a lot of free money.


No. And just a caution about that super low risk: suppose that you lived during the late 70s and early 80s, when savers in the United States could get interest rates over 10% for savings.  You put your money into an account in 1980, knowing that in five years, you'll have made a solid amount of interest.  Except that you might have been smarter to convert your money to AUD and save in that currency because it would have moved from 0.88 in value to 1.43 in value (in principal only, not interest - when I look at the RBA's bank interest, it appears they were also paying double digit interest to savers). Now, I get that this may not be the answer that you want to see because it means that if the interest rates were higher in the US, for savers, they might be higher elsewhere too, and it also means that what may appear to be a super low risk could actually be a high risk.


It has already lost twice, to the lower courts and the appellate court. It says that the manufacturer could not allow you to resell things you legitimately own, or that they can even ask for a cut of the proceeds. Legally, you would not even be allowed to have a garage sale if anything you were selling were manufactured overseas. An unintended consequence is that it would give manufacturers an incentive to move facilities overseas so they can control the secondary market.


In practice the IRS seems to apply the late payment penalty when they issue a written paper notice.  Those notices typically have a pay-by date where no additional penalty applies.  The IRS will often waive penalties, but not interest or tax due, if the taxpayer presses the issue.


Last century?  Try staying a little more relevant, [how about over the last 25-30 years](http://www.businessinsider.com/food-inflation-chart-2015-7)  Food prices have been continually outpacing inflation for the last few decades.  [Heres another source](http://thefederalist.com/2014/07/08/food-prices-are-soaring-and-washington-doesnt-care/)  My last comment was basically saying that if the rising tide was, in fact, lifting all boats, then people wouldn't care much about inequality.  But the fact of the matter is, the quality of life for many is declining in the face of ever increasing inequality.


If you have held the stocks longer than a year, then there is no tax apart from the STT that is already deducted when you sell the shares.  If you have held the stock for less than a year, you would have to pay short term capital gains at the rate of 15% on the profit. Edit: If you buy different shares from the total amount or profits, it makes no difference to taxes.


I've not had a chance to read that yet. I'll be sure to check it out. Buffet may very well gain some kind of real happiness in the pursuit of wealth, but I believe it is the pursuit which gives him joy, not the wealth itself. If you ever run into him, I invite you to ask him. I'll do the same.


> There are plenty of people that consistently beat the market. If the market were truly efficient, then everyone should just passively invest, which would make the market inefficient, leading to active investment.  Passive investing  a.) Doesn't mark the market *less* efficient, I don't know how you came to that conclusion.  b.) There is not a big group of people who consistently beat the markets. There's a tiny, *tiny* sliver of a fraction of a portion of a group of people that beat the market over any ten year period, which is *consistent* with pure randomness. You're statistically likely to say those kinds of anomalies. In fact, it'd be stranger if we *didn't*.  c.) The markets aren't *truly* efficient. They can't. There's imperfect information. The point is the potential exploits cannot 1.) be exploited on scale, because that creates market efficiency, and cannot 2.) be public, because that also creates efficiency. As more and more exploits are found, we're eliminating all these black swans. If you compare all 400 professionally managed mutual funds, only 2 have ever beaten the market, and by less than 50 basis points. That's 0.5%. That's not even consistent with randomness, that's worse than random. It goes to show how few and far between any potential exploits exist. It's simply not worth your time as an investor, because if giant firms employing hundreds cannot find them, a handful of people won't be able to find them by anything other than chance. It's almost always better to passively invest.  You can read more about this, because while intuitively you may feel active investment can be better, the numbers don't lie and I promise you you're very wrong.


The claim was debunked within days of the original report - the NYTimes even retracted the original claim.  http://www.washingtonpost.com/business/the-truth-about-ges-tax-bill/2011/04/05/AFZm0L9C_story.html  At the time the NY Times made the claim, GE hadn't even filed its tax return for 2010 yet.  Finally, Here's ProPublica's analysis: http://www.propublica.org/article/5-ways-ge-plays-the-tax-game  The upshot is that, yes, GE does file an insanely complicated tax return and it does do everything it can to lower its taxes - but it is entirely false that it filed for a 3 billion dollar tax refund in 2010.


economies and the money system above and beyond _normal_ human work (making things) and business (selling and organizing things) are fantasy anyway, the trick is to keep it running.  The stupid and immoral thing about work is the inequality of it, you have people working in factories and other workplaces doing 40/50/60 plus hours per week, being burnt out and exploited for crap wages, not to mention paying most of their income on essentials (housing/food/travel/insurance) and having very little leisure/family time, and the name of the game for people with not much leisure time is very expensive hobbies/pusuits that _require_ expensive tools that get used only a couple of times a year.  Then theres others who do 30 hour weeks and have a light work load.  Theres a lot to be said for a European style work week (with a living wage) and more people working, people who work and have time for leisure spend and promote growth/activity in society.  And forcing people to actually take off their vacation time too.


Is that really a surprise? Merchant fees are typically around 2-3% (article says 1-4%) of the transaction sometimes with per transaction fees too. However, if you are paying 4% get a new CC processor. I am paying 2.75% for swiped/chip transactions for almost no volume with Square (I don't sell much, have it for convenience just in case).  https://squareup.com/pricing  I would be willing to bet that the ratio of overdrafts compared to not overdrafts is very low. I know I can't use my visa debit card when there is no money in the bank, and really, how many people use checks anymore?


I knew a guy that banged his secretary during those calls to corporate all the time. They would always take calls in his office, just them. They thought we didn't know. The barely audible rhythmic squeaking of a cheap ass office depot chair sold them out.


"Just one of Hillary's basket of deplorables I guess.  She was unpleasantly surprised by just how many people were in that basket.    Hillary is not a smart woman and her husband is a rapist.  That's not something that's ""outside of my comfort zone"".  The Clintons are below my intellect and moral standards."


>Obligations issued by the US government are backed by the full faith and credit of the government, as is its physical currency.  >This is not the same as every electronic dollar in every bank account comprising the money supply.  >whatever white knighting you can lift off a Money 101 website coupled with a C-level community college education.  >it is an exorbitant privilege which if thought about for more than two seconds, and without an authority-worshipping, boot licking attitude, is pretty fucked up  I'm not big on banking practices myself, but my god do you even know how you sound?  You come across as not only uninformed but incredibly smug about how uninformed you are.  *edited for formatting


I think this is more like Uber's Stalingrad than Uber's downfall. Uber is fighting a war of attrition in every market at once. Early last year when they secured $3.5 billion in capital from the Saudi Sovereign Fund their victory appeared certain.  Since the #DeleteUber campaign began, Uber's competition has raised over $10 billion (Didi $5.5b, Grab $2.0b, Lyft $1.6b, Ola $1.1b, etc.) while Uber has raised $0. Even if Uber closes that high profile $10 billion deal with SoftBank, it only gives Uber $1b in new capital. Uber is over-extended, and now is a good time for smaller companies to grab market share that Uber cannot defend.


"I'd personally display ""n/a"" The only other answer that makes sense to me other is ""infinity"" (phone keyboard doesn't allow me to input the symbol). This would at least allow you to show direction by using positive and negative  infinity and mathematical as the the initial value approaches zero the percentage change approaches infinity which is the closet you can get to a meaningful value"


The problem is, increased productivity is what's eliminating jobs, a lot of jobs. And its not going to be something governments can change. (What they can change is preventing their existing jobs from going elsewhere by not giving companies tax breaks to do so. And they need to stop the promotion of privatization and offshoring and outsourcing via FTAs like GATS and TISA!)  If you take the long view, its pretty much a good thing for society for people to be freed to move beyond many of these jobs that as our technology improves, are highly amenable to automation.  People should be able to get the kind of educations they need to do them, for free, as part of the public education we give people, (and should continue to give people, despite these changes!) so we can all remain relevant and employed in the 21st century.   We need to really take advantage of those years during which time the brain is growing so rapidly.  Basically, we need to make 12 years do the work of 18 years now. Meaning that people when they graduate their basic education (K-12) should be able to function at a MA or MS level. Thats what we need to do to stop this permanent loss of employment.   Because people with less than a masters degree are losing their jobs now. That should be the new normal.


Put £50 away as often as possible, and once it's built up to £500, invest in a stockmarket ETF. Repeat until you retire.


"The short answer is the annualised volatility over twenty years should be pretty much the same as the annualised volatility over five years. For independent, identically distributed returns the volatility scales proportionally. So for any number of monthly returns T, setting the annualization factor m = 12 annualises the volatility.  It should be the same for all time scales.  However, note the discussion here: https://quant.stackexchange.com/a/7496/7178 Scaling volatility [like this] only is mathematically correct when the   underlying price model is driven by Geometric Brownian motion which   implies that prices are log normally distributed and returns are   normally distributed. Particularly the comment: ""its a well known fact that volatility is overestimated when scaled over long periods of time without a change of model to estimate such ""long-term"" volatility."" Now, a demonstration.  I have modelled 12,000 monthly returns with mean = 3% and standard deviation = 2, so the annualised volatility should be Sqrt(12) * 2 = 6.9282.   Calculating annualised volatility for return sequences of various lengths (3, 6, 12, 60 months etc.) reveals an inaccuracy for shorter sequences.  The five-year sequence average got closest to the theoretically expected figure (6.9282), and, as the commenter noted ""volatility is [slightly] overestimated when scaled over long periods of time"". Annualised volatility for varying return sequence lengths  Edit re. comment Reinvesting returns does not affect the volatility much.  For instance, comparing some data I have handy, the Dow Jones Industrial Average Capital Returns (CR) versus Net Returns (NR).  The return differences are somewhat smoothed, 0.1% each month, 0.25% every third month.  More erratic dividend reinvestment would increase the volatility."


The reasons behind hiring a private investigator can be many things; it depends on the human being. A professional private investigator gives you very valuable services that can help you in many ways – from bringing out the right facts to clearing your doubts, from criminal cases to infidelity and from cheating partners to background checks and many more.


There are multiple social engineering ways.


You should have her sell it to you for the amount of the outstanding loan. You take out a loan in your name for the amount (or at least, the amount you have to come up with). You then transfer the title from her to you, just as you would if you were buying the car from someone else. While the title is in her name, she has ownership. This isn't a technicality, this is the explicit legal situation you two have agreed to.


>Insurance should be based on binary states, and healthy/unhealthy just isn't an actual set of binary states.  Insurance is a financial risk mitigation product.  Binary states are irrelevant.  You buy insurance to make sure that if you have healthcare bills over some amount in a year, insurance kicks in.  That's it!  It's pure economics.


Your specialty is a lack of versatility.  Why does yesterday's skillset entitle you to tomorrow's paycheck?  We're paying for seniority often times, but I've done much more work than those of older persuasion when I worked in programming.  They were lazy, most of them.  When you put a gen in a comfy chair, they get a fat ass and sometimes a head to match.


You do not need to have 'high net value', and yes, you can invest in it. Typically, fund companies require a minimum investment, that could be 100, it could be a 1000. 5000 should be enough for 99.9 % of all funds for an initial investment. What you need is an investment company that manages the account for you. I cannot name those for your country, but they should be easy to find (companies like IMG, and Fidelity might serve your country). You then open an account with the company of your choice, transfer the money, and tell them which fund it shall go in; all this is possible online. You can also go to see an agent in person, and he will fill the forms for you, and handle all the action, but he might take a fee for it.


If an employer cannot pay it's employees a living wage, then it shouldn't be in business. I have run several businesses btw. There's no excuse or reason for less. This is why we need a raised minimum wage. Because greedy scumbags will always exist.


"If Illinois cannot go bankruptcy This is missing a few, very important words, ""...under current law.""   The United States changed the law so as to allow Puerto Rico to go into a form of bankruptcy.  So you cannot rely on a lack of legal support for bankruptcy to protect any bond investments you might make in Illinois.  It is entirely possible for the federal government to add a law enabling a state to discharge its debts through a bankruptcy process.  That's why the bonds have been downgraded.  They are still fine now, but that could change at any time.   I don't want to dive too deep into the politics on this stack, but I could quite easily see a bargain between US President Donald Trump and Democrats in Congress where he agreed to special privileges for pension debts owed to former employees in exchange for full discharge of all other debts.  That would lead to a complete loss of value for the bonds that you are considering.  There still seem to be other options now, but they seem to be getting closer and closer to that."


It is not a question of where you have your driver's license.  It is a question of the states' tax related residency rules.  (Though a driver's license can be a part of that question.) Since you likely have a residence in NYC and so can prove residency through a lease, bills, etc., you probably have to file as a NYS/NYC resident.   I do have to question your maintaining a California driver's license if you are not a resident.  If you are attempting to maintain dual-residency, look into both states' residency rules to see if you are liable for taxes in both states.   California seems particularly picky about these types of situations, probably due to concerns that you may be trying to circumvent California taxes.  That said, it usually revolves around income in the state.  Of course, if you maintain residency in California as well, the argument can be made that you owe some taxes due to the fact that you take advantage of state services.  (E.g. you drive on California roads.) I suggest you consult a tax professional knowledgeable in these issues to sort out the details.


"> RegNMS is not even mentioned in ""Flash Boys"" until page 98. So all these bumbling idiots (highly paid though) have been operating for years without a clue about relevant market regulations?  They knew about it.. but M.L had to bring the audience up to speed and broke out the various aspects of the problem across multiple chapters in his book."


I find the reg, at last. https://www.sec.gov/cgi-bin/browse-edgar?company=Cornerstone+Strategic+Value+Fund&owner=exclude&action=getcompany Yes, its a common stock.


Most rural areas are almost 100% red so you and your family/friends can be the exception but it's definitely not the rule by a long shot. The majority of rural areas continuously vote red over and over in spite of any logic or rational ideas. It's difficult to have sympathy for a group so opposed to their own well being and well being of others strictly based on an ideology that doesn't have a basis in reality.


Because a couple of relatively small scandals in terms of one of the largest banks in the US isn't enough to sink one of the largest banks in the US. To flip the question, why do you think a scandal on the scale of millions of dollars would have a lasting impact on the operations of a bank that brings in billions of profit every year?


You should definitely be able to keep the US bank account and credit cards. I'm a UK citizen and resident who worked in the US for a few months (on a temporary visa) many years back and I still have the US bank account from that time. Unless you are planning on moving to the UK permanently, you also should keep your US bank account and cards to make the process of moving back there eventually easier. I would also suggest keeping/moving at least a portion of your savings to the US at regular intervals to insure you against the risk that exchange rates will be against you when you move back. It'll also make things easier when you visit the US as you presumably will every so often - if you use your US account and cards you won't get hit so badly by charges for making each individual payment.


"short answer:  any long term financial planning (~10yrs+). e.g. mortgage and retirement planning.  long answer: inflation doesn't really matter in short time frames. on any given day, you might get a rent hike, or a raise, or the grocery store might have a sale.  inflation is really only relevant over the long term.  annual inflation is tiny (2~4%) compared to large unexpected expenses(5-10%).  however, over 10 years, even your ""large unexpected expenses"" will still average out to a small fraction of your spending (5~10%) compared to the impact of compounded inflation (30~40%). inflation is really critical when you are trying to plan for retirement, which you should start doing when you get your first job.  when making long-term projections, you need to consider not only your expected nominal rate of investment return (e.g. 7%) but also subtract the expected rate of inflation (e.g. 3%). alternatively, you can add the inflation rate to your projected spending (being sure to compound year-over-year). when projecting your income 10+ years out, you can use inflation to estimate your annual raises.  up to age 30, people tend to get raises that exceed inflation. thereafter, they tend to track inflation. if you ever decide to buy a house, you need to consider the impact of inflation when calculating the total cost over a 30-yr mortgage. generally, you can expect your house to appreciate over 30 years in line with inflation (possibly more in an urban area). so a simple mortgage projection needs to account for interest, inflation, maintenance, insurance and closing costs. you could also consider inflation for things like rent and income, but only over several years. generally, rent and income are such large amounts of money it is worth your time to research specific alternatives rather than just guessing what market rates are this year based on average inflation. while it is true that rent and wages go up in line with inflation in the long run, you can make a lot of money in the short run if you keep an eye on market rates every year. over 10-20 years your personal rate of inflation should be very close to the average rate when you consider all your spending (housing, food, energy, clothing, etc.)."


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Imagine you are at an enormous sporting stadium with 100,000 seats. Would you notice if there were 110,000 people in attendance, as opposed to 90,000? Even if you had no idea how many people or seats were there, you would notice if it were crowded or not. This same concept works for the availability of money vs. resources.


"Congratulations on a solid start. Here are my thoughts, based on your situation: Asset Classes I would recommend against a long-term savings account as an investment vehicle. While very safe, the yields will almost always be well below inflation. Since you have a long time horizon (most likely at least 30 years to retirement), you have enough time to take on more risk, as long as it's not more than you can live with. If you are looking for safer alternatives to stocks for part of your investments, you can also consider investment-grade bonds/bond funds, or even a stable value fund. Later, when you are much closer to retirement, you may also want to consider an annuity. Depending on the interest rate on your loan, you may also be able to get a better return from paying down your loan than from putting more in a savings account. I would recommend that you only keep in a savings account what you expect to need in the next few years (cushion for regular expenses, emergency fund, etc.). On Stocks Stocks are riskier but have the best chance to outperform versus inflation over the long term. I tend to favor funds over individual stocks, mostly for a few practical reasons. First, one of the goals of investing is to diversify your risk, which produces a more efficient risk/reward ratio than a group of stocks that are highly correlated. Diversification is easier to achieve via an index fund, but it is possible for a well-educated investor to stay diversified via individual stocks. Also, since most investors don't actually want to take physical possession of their shares, funds will manage the shares for you, as well as offering additional services, such as the automatic reinvestments of dividends and tax management. Asset Allocation It's very important that you are comfortable with the amount of risk you take on. Investment salespeople will prefer to sell you stocks, as they make more commission on stocks than bonds or other investments, but unless you're able to stay in the market for the long term, it's unlikely you'll be able to get the market return over the long term. Make sure to take one or more risk tolerance assessments to understand how often you're willing to accept significant losses, as well as what the optimal asset allocation is for you given the level of risk you can live with. Generally speaking, for someone with a long investment horizon and a medium risk tolerance, even the most conservative allocations will have at least 60% in stocks (total of US and international) with the rest in bonds/other, and up to 80% or even 100% for a more aggressive investor. Owning more bonds will result in a lower expected return, but will also dramatically reduce your portfolio's risk and volatility. Pension With so many companies deciding that they don't feel like keeping the promises they made to yesterday's workers or simply can't afford to, the pension is nice but like Social Security, I wouldn't bank on all of this money being there for you in the future. This is where a fee-only financial planner can really be helpful - they can run a bunch of scenarios in planning software that will show you different retirement scenarios based on a variety of assumptions (ie what if you only get 60% of the promised pension, etc).  This is probably not as much of an issue if you are an equity partner, or if the company fully funds the pension in a segregated account, or if the pension is defined-contribution, but most corporate pensions are just a general promise to pay you later in the future with no real money actually set aside for that purpose, so I'd discount this in my planning somewhat. Fund/Stock Selection Generally speaking, most investment literature agrees that you're most likely to get the best risk-adjusted returns over the long term by owning the entire market rather than betting on individual winners and losers, since no one can predict the future (including professional money managers). As such, I'd recommend owning a low-cost index fund over holding specific sectors or specific companies only. Remember that even if one sector is more profitable than another, the stock prices already tend to reflect this. Concentration in IT Consultancy I am concerned that one third of your investable assets are currently in one company (the IT consultancy). It's very possible that you are right that it will continue to do well, that is not my concern. My concern is the risk you're carrying that things will not go well. Again, you are taking on risks not just over the next few years, but over the next 30 or so years until you retire, and even if it seems unlikely that this company will experience a downturn in the next few years, it's very possible that could change over a longer period of time. Please just be aware that there is a risk. One way to mitigate that risk would be to work with an advisor or a fund to structure and investment plan where you invest in a variety of sector funds, except for technology. That way, your overall portfolio, including the single company, will be closer to the market as a whole rather than over-weighted in IT/Tech. However, if this IT Consultancy happens to be the company that you work for, I would strongly recommend divesting yourself of those shares as soon as reasonably possible. In my opinion, the risk of having your salary, pension, and much of your investments tied up in the fortunes of one company would simply be a much larger risk than I'd be comfortable with. Last, make sure to keep learning so that you are making decisions that you're comfortable with. With the amount of savings you have, most investment firms will consider you a ""high net worth"" client, so make sure you are making decisions that are in your best financial interests, not theirs. Again, this is where a fee-only financial advisor may be helpful (you can find a local advisor at napfa.org). Best of luck with your decisions!"


Here's what I would do:


Some people (like me) would prefer to walk to work instead of wasting time in a car or on a bus. Especially people who grew up in denser cities with less of a car culture or decent public transportation.   I think it's a good idea to attract a wider range of staff.


"Asset = Equity + (Income - Expense) + Liability Everything could be cancelled out in double entry accounting.  By your logic, if the owner contributes capital as asset, Equity is ""very similar"" to Asset.  You will end up cancelling everything, i.e. 0 = 0.  You do not understate liability by cancelling them with asset.  Say you have $10000 debtors and $10000 creditors. You do not say Net Debtors = $0 on the balance sheet.  You are challenging the fundamental concepts of accounting.  Certain accounts are contra accounts. For example, Accumulated Depreciation is Contra-Asset. Retained Loss and Unrealized Revaluation Loss is Contra-Equity."


If this 'scam' has a name, address and/or phone number, I forward it to the FBI anonymously. That is my advice.  You may also wish to consult a lawyer.


The legal system can be unfair sometimes but honestly these people brought this on themselves. The author glosses over the most important part of the post: they sent a letter threatening a dilution claim before the insurance company sued, which is probably what prompted the suit in the first place. These idiots were pissed about phone calls so they responded by threatening a dilution suit, which if successful could be very expensive for the insurance company. The insurance company reacted very rationally by filing a claim preemptively in order to establish jurisdiction in Florida, so that they wouldn't have to go to New Hampshire to defend themselves. That's the advantage of filing first.   Every other problem the sole proprietor has been having has stemmed from not retaining counsel after being sued. Navigating the technicalities of a trademark suit is not for the uninitiated. Which is why you don't threaten a suit before retaining counsel or being prepared to file suit first. These jackasses made a very serious legal threat against a legally sophisticated company and are now being hung by their own petard.   Edit: Excuse my silly hoist/hung confusion, I was typing quickly late at night after a few glasses of wine. But I wanted to point out a few other holes in this person's story. This case is in federal court in the Southern District of Florida. The electronic filing system that the article refers to is CM/ECF, which is used by most if not all US federal district courts. Any lawyer admitted to the federal bar in NH should be able to handle it, even if the case is in Florida as procedural rules are uniform across jurisdictions (see the Federal Rules of Civil Procedure). Even without an attorney, it is easy to get case access accounts to the system so a non-lawyer can track summonses and motions in their case. It is also quite easy to get a qualified patent attorney from outside the S.D. Fla. admitted pro hac, which means for this particular case only. It would be a very simple matter for an attorney in NH to get admitted pro hac merely for the purposes of filing a forum non conveniens defense or change of venue motion. Given the disparity in sophistication and resources between the parties, a hardship defense would likely be successful in challenging the venue. And then there's the matter of personal jurisdiction. Unless the defendant has conducted business in Florida, the court's jurisdiction can be challenged. All of this explains why you need a lawyer.


I have a fair number of cards floating around some reasons I have opened multiple accounts. I am not saying that it is for everyone but there are valid scenarios where multiple credit cards can make sense.


To me, this question is really about setting and meeting goals. The process is the same, whether it's about exercising regularly, or saving, or whatever. You need to have clear, personally-relevant reasons for doing something.  Write down: Exactly why you want to save. It may seem trivial, but if you can't visualize the prize it's hard to stay motivated. How much can you afford to save? Use something like Mint.com to find out your real monthly expenses, as opposed to what you think you're spending. Also, don't get overzealous... leave yourself some money for small luxuries and unexpected expenses so you don't feel like a miser. Saving should be a joy, not torture. Automate the saving process. Set up an automatic transfer to move the amount you figured out in step 2 to your savings account on the same date you get paid. This is very important. By saving early you ensure there will be enough money to save. If you wait until the end of the month, there will usually not be anything left. Don't you dare touch your savings! (Except in a real emergency) If you must dip into your savings, immediately create a plan to put it back as soon as possible. Also, get into the habit of reading personal finance books, blogs, sites, etc. I recommend authors like Robert Kiyosaki, and Suze Orman. Good luck!


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If you make money in currency speculation (as in your example), that is a capital gain. A more complicated example is if you were to buy and then sell stocks on the mexican stock exchange.  Your capital gain (or loss) would be the difference in value in US dollars of your stocks accounting for varying exchange rates.  It's possible for the stocks to go down and for you to still have a capital gain, and vice versa.


It's because they expect that people are going to have friends they watch it with, and thus split the bill. There's also a lot of establishments that will buy it and have like 150 people watch it for free. They price it based on those two factors. Also, USA consumers typically have a higher purchasing power. And... this is one of the biggest sporting events in history.


"Though I agree that there is quite a bit of corruption in the financial industry, I do not think that the psychologist is being fair by comparing people in the financial industry to the ""pedophiles"" that he has tried to treat in the past...   First of all, close to 25% of humans(but I think this statistic is particular to Americans) suffer from Mental Illness(whether they (or their peers) acknowledge it or not).   TLDR: There are sick and twisted humans beings in every industry, every country, every city, etc."


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You don't need autopilot. You don't need a paint upgrade. That's why it's called base model. It's meant to be an electric car and that's it. 200+ range? I don't see Ford, Chevy, Honda, Toyota, Acura, Audi, Hyundai, Mazda, Lexus, Porsche, etc doing this.  As far as parking, shit happens. Get over it. The guy is building high speed tunnels I'm sure he'll make hover pads for cars to park above each other. Just chill.


You don't need a finance degree, no, but what you do need is evidence. Mind linking some of your sources? Can you flesh it out in detail for us? If not, why are you crusading for a cause you have no domain knowledge of?


>Something to watch out for if you are analyzing this stuff though is the influx of used cars into the market. Remember, more defaults means more repossessions which means more used cars on the market.  I think Morgan Stanley said they expect to see up to a 50% decline in used car prices over the next four years.  Edit: [Can't find the report, but here's the Market Watch summary](http://www.marketwatch.com/story/how-much-morgan-stanley-thinks-used-car-prices-will-crater-in-one-chart-2017-04-03)


And if *society* were paying them, there is a legitimate discussion.  But *society* doesn't pay them. Their employers and/or their customers pay them. And I'm certain there is a very strong relationship between the amounts written on the checks and the worth of that product or service to the person with the pen.