"My advice would be to invest that 50k in 25% batches across 4 different money markets. Batch 1: Lend using a peer-to-peer account - 12.5k The interest rates offered by banks aren't that appealing to investors anymore, at least in the UK. Peer to peer lending brokers such as ZOPA provide 5% to 6%  annual returns if you're willing to hold on to your investment for a couple of years. Despite your pre-conceptions, these investments are relatively safe (although not guaranteed - I must stress this). Zopa state on their website that they haven't lost any money provided from their investors since the company's inception 10 years ago, and have a Safeguard trust that will be used to pay out investors if a large number of borrowers defaulted. I'm not sure if this service is available in Australia but aim for an interest rate of 5-6% with a trusted peer-to-peer lender that has a strong track record. Batch 2: The stock market - 12.5k An obvious choice. This is by far the most exciting way to grow your money. The next question arising from this will likely be ""how do I pick stocks?"". This 12.5k needs to be further divided into 5 or so different stocks. My strategy for picking stock at the current time will be to have 20% of your holdings in blue-chip companies with a strong track record of performance, and ideally, a dividend that is paid bi-anually/quarterly. Another type of stock that you should invest in should be companies that are relatively newly listed on the stock market, but have monopolistic qualities - that is - that they are the biggest, best, and only provider of their new and unique service. Examples of this would be Tesla, Worldpay, and Just-eat. Moreover, I'd advise another type of stock you should purchase be a 'sin stock' to hedge against bad economic times (if they arise). A sin stock is one associated with sin, i.e. cigarette manufacturers, alcohol suppliers, providers of gambling products. These often perform good while the economy is doing well, but even better when the economy experiences a 2007-2008, and 2001-dotcom type of meltdown. Finally, another category I'd advise would be large-cap energy provider companies such as Exxon Mobil, BP, Duke Energy - primarily because these are currently cheaper than they were a few months ago - and the demand for energy is likely to grow with the population (which is definitely growing rapidly). Batch 3: Funds - 12.5k Having some of your money in Funds is really a no-brainer. A managed fund is traditionally a collection of stocks that have been selected within a particular market. At this time, I'd advise at least 20% of the 12.5k in Emerging market funds (as the prices are ridiculously low having fallen about 60% - unless China/Brazil/India just self destruct or get nuked they will slowly grow again within the next 5 years - I imagine quite high returns can be had in this type of funds). The rest of your funds should be high dividend payers - but I'll let you do your own research. Batch 4: Property - 12.5k The property market is too good to not get into, but let's be honest you're not going to be able to buy a flat/house/apartment for 12.5k. The idea therefore would be to find a crowd-funding platform that allows you to own a part of a property (alongside other owners). The UK has platforms such as Property Partner that are great for this and I'm sure Australia also has some such platforms. Invest in the capital city in areas as close to the city's center as possible, as that's unlikely to change - barring some kind of economic collapse or an asteroid strike. I think the above methods of investing provide the following: 1) Diversified portfolio of investments 2) Hedging against difficult economic times should they occur And the only way you'll lose out with diversification such as this is if the whole economic system collapses or all-out nuclear war (although I think your investments will be the least of your worries in a nuclear war). Anyway, this is the method of investing I've chosen for myself and you can see my reasoning above. Feel free to ask me if you have any questions."


"Bloomberg suggests that two Fidelity funds hold preferred shares of Snapchat Inc.. Preferred shares hold more in common with bonds than with ordinary stock as they pay a fixed dividend, have lower liquidity, and don't have voting rights. Because of this lower liquidity they are not usually offered for sale on the market. Whether these funds are allowed to hold such illiquid assets is more a question for their strategy document than the law; it is completely legal for a company to hold a non-marketable interest in another, even if the company is privately held as Snapchat is. The strategy documents governing what the fund is permitted to hold, however, may restrict ownership either banning non-market holdings or restricting the percentage of assets held in illiquid instruments. Since IPO is very costly, funds like these who look to invest in new companies who have not been through IPO yet are a very good way of taking a diversified position in  start-ups. Since they look to invest directly rather than through the market they are an attractive, low cost way for start-ups to generate funds to grow. The fund deals directly with the owners of the company to buy its shares. The markdown of the stock value reflects the accounting principle of marking to market (MTM) financial assets that do not have a trade price so as to reflect their fair value. This markdown implies that Fidelity believe that the total NPV of the company's net assets is lower than they had previously calculated. This probably reflects a lack of revenue streams coming into the business in the case  of Snapchat. edit: by the way, since there is no market for start-up ""stocks"" pre-IPO my heart sinks a little every time I read the title of this question. I'm going to be sad all day now :(."


Apply for a job/internship to get a first impression of what it means to work in investment banking. Go to a tier one business school and try to get an CFA. Most importantly: work, work, work... Get practical experience as much as possible.


Summarized article: Nationwide carrier T-Mobile and prepaid provider MetroPCS have agreed to merge in an effort to gain more wireless spectrum and build a faster, higher capacity LTE network.  T-Mobile's parent company, Deutsche Telekom, will buy a majority stake in MetroPCS and combine it with T-Mobile to create a new publicly traded company on the New York Stock Exchange that will retain the T-Mobile name.   Under the deal, MetroPCS shareholders will receive $1.5 billion in cash and 26% ownership in the combined company.   The transaction is to be completed in early 2013.    * For more summarized news, subscribe to the [/r/SkimThat](http://www.reddit.com/r/SkimThat) subreddit


This sounds like it has happened for other events so is it really that newsworthy?   I was hoping to learn some scientific reason like eclipse sunlight will boil gasoline.  Or maybe the CEO has a theory that eclipses affect gravity and he doesn't want his cars floating away.   Nope... Just oversold his supply.


If your side can't blame discrimination, at least it can blame reverse-discrimination. As long as we can all blame somebody else, everyone wins!  Seems career advancement is just a more primitive version of job gamification. People already get worked up enough as it is when they lose a round of COD (or downvoted on reddit), imagine how crazy they can get when it leaks into the Real World...


What do you want to do with your degree?  Corporate finance? Investment banking? Wealth management?  It all depends on that. Having said that here are some ideas that are useful in a wide variety of scenarios:  1. Accounting, accounting, accounting. Whether you are at an I-Bank or a mid-cap consumer goods company, knowing as much accounting as possible can be hugely helpful. Ive interviewed for jobs at all kinds of companies and one thing that always works on interviewers is showing them you have intimate knowledge of accounting rules.  2. Excel/information system courses. Knowing Excel inside and out and/or some of the more widely used information systems out there can give you a nice little bump in interviews  3. Statistics. Statistics teaches you how to think. Even if you never run a regression again in your life, some of the general principles you learn in stats are absolutely priceless. Not just for work but for *life*. Knowing why you need to control for variables, why samples work, etc. can be a hugely helpful thing not just at work but in dealing with life decisions and sorting through information.  Some people here are telling you to learn how to program. That's useful if you want to be a quant or if you want to keep the door open to potentially moving into a quant/data analytics job in the future and that's about it. Companies hire software engineers to do the coding. If you intend to work as an investment banker or a wealth manager, for example, Java wont help you a lick. Let the engineers worry about writing the code. Focus on the stuff that actually moves your career forward and dont try to be everything. If you absolutely want to do something software-related then learn SQL. At least in some shops (particularly corporate finance jobs) you might from time to time be able to use it to query some database or another, although again at most companies there are entire armies of well-paid people providing the necessary interfaces and tools to prevent you from having to do that.


Still better than that third customer telling the other two to purchase online from Amazon.  Sure, profit goes down further, but still doesn't drop to zero.  And price matching [is hardly new](http://www.google.com/search?q=%22price+match+guantee%22&ie=UTF-8&oe=UTF-8&hl=en&client=safari), nor is it something those stores try to keep secret.  They advertise it heavily, and yet the majority of consumers still don't take advantage of it.  Best Buy has already matched prices for years -- the only thing new would be matching online retailers.


When have qualifications ever mattered at the CEO level? Once you make it there you can always find some public company to hire you, even if it's just to be a scapegoat for some unpopular decision or to put a sympathetic face on a dirty situation, like GM.


If you are able to perform physical exercises on each and every day, you will get pleasure from all of your favorite delicacies and still control to remain fit. The foremost vital factor needed to create this happen is to find personal trainers in your area.


When you got your original HUD backed mortgage there were three options: monthly, annual and upfront payments. The plan is designed to insure the lender of the mortgage against your default. The plan is not expected to cover the mortgage for 30 years.  If you are in the early years of the mortgage, you may be owed a refund for the unused years. HUD has a Fact sheet discussing this, and a page to help you determine if they owe you a refund. If you are refinancing back into a HUD/FHA mortgage they will not give you a refund, but will roll the refund back into your new loan. FHA to FHA Refinances: When an FHA loan is refinanced, the refund from the old premium may be applied toward the up-front premium required for the new loan. Note: Depending on the year of the original loan the government has different lengths they used for coverage and refunds. I suggest you use the webpage to determine if you are due a refund, or a roll over.


If your plan permits loans, deposit enough through the year to maximize the match and then take a loan from the plan. Use the loan portion to pay your student loan. Essentially you have refinanced your debt at a (presumably) lower rate and recieved the match. You pay yourself back (with interest) through your payroll. The rates are typically the prime rate + 1%. The loans are subject to a lesser of 50% vested account balance or $50,000 provision.


"It's like you're talking about a different article.  I wonder if you read it at all.  He doesn't talk about discrimination and he doesn't suggest discriminating against top schools at all.  What he says is simple:   > Don't hire someone on the basis of his or her educational institution. [...] Instead, hire on the basis of class rank, even if--no, especially if--the person is not from one of the more prestigious institutions.  This should be completely clear and I have no idea how you got the impression that he's trying to prove that ""Harvard kids are dumb"".    Might I ask which school you personally went to?"


This is typically an issue for local law and regulation.  Once one person moves out, I would recommend one of the following options: Generally speaking, if there are clear records of all of the payments made by both parties, all of the costs associated with the maintenance and who made what use of the place, the final ownership can be resolved fairly even in the absence of a clear agreement. The pain and hassle to do it, though, is generally not worth the effort - even if it's an amicable relationship between the two owners. Your best bet is to agree as early as possible on what you plan to do, and to write it down - if you didn't have a contract before moving in together, write one up now.


Yeah, not a good chance you'll break in from a US school. I'm studying in the region and there's still a lot of uncertainty about how my future looks, given the language barrier. I'm not sure I'll ever be fluent to the point I sound like a native, and I think that might be what they want, at least for front office roles.


I had the same problem and was looking for a software that would give me easy access to historical financial statements of a company, preferably in a chart. So that I could easily compare earnings per share or other data between competitors. Have a look at Stockdance this might be what you are looking for.  Reuters Terminal is way out of my league (price and complexity) and Yahoo and Google Finance just don't offer the features I want, especially on financials. Stockdance offers a sort of stock selection check list on which you can define your own criterion’s. Hence it makes no investment suggestions but let's you implement your own investing strategy.


At the same time, you were comparing this program to courses taught by MIT and Harvard and the CFA designation.   This program can't be in the same league as a financial engineering program because it does not have the same rigor or even the same courses. Yet, it calls itself a Masters of Financial Engineering program. (5th page)  If it is not a scam, it is at least *highly* deceptive.


Step 1: Buy stock with own money   Step 2: Buy big block of same stock with clients' money, and push the price up   Step 3: Go on tv to encourage public to buy the same stock, to push price up even further   Step 4: Sell your holding, and profit   Step 5: Sell your clients' holding and profit from commission   Step 6: Keep low profile so public forgets your lame advice   Step 7: Repeat


*People clamoring for more and more regulation will always be disappointed because businesses will always find ways to get around it.*  This is only true in America where we have too many retards who believe regulation doesn't work (thus you get broken regulation you basically wished for).  Canada's financial regulatory system (which actually has teeth, unlike their American counterparts) did a magnificent job avoiding the financial meltdown.


"fundamental lack of respect for the populace at large already exits in the private sector.  ""militarization of the police force"" is more likely when you have 20 different competing police forces with no oversight.  ""fear the police"" is no less likely when it is run by a corporation. The Pinkertons were hardly angels."


Russell A Solomon is not just another businessman. He is an entrepreneur who has been able to accomplish quite a lot in the health and fitness industries. Russell A Solomon has developed a business and media empire around his own personality and his fitness philosophy. Through this business he has helped to change the lives of thousands of people—helping them to lead healthier lives through a better fitness regimen and a better diet. These are the keys to staying healthy and they are the keys by which Russell A Solomon believes that men and women’s lives can be made easier.


You are describing a corporation.  You can set up a corporation to perform business, but if you were using the money for any personal reasons the courts could Pierce the corporate veil and hold you personally liable.  Also, setting up a corporation for purely personal reasons is fraud.


Well that's the thing, that markup is for the convince of having most everything and being low hastle all in one place.  I price shop, then I go, for 3 bucks do I wanna take the chance that I have to deal with someone's customer support and order handling? Meh not really.


Yes, addressed. Not threw out the bath water, the baby, the soap, and the tub. There were a handful of simple, uncontroversial changes that could have been made that would have benefited everyone. Instead they just took a flamethrower to it. For what?


Vansh Surrogacy Consultants is one of the leading service provider of Donor Egg Ivf in Delhi. The services includes IVF Training, IVF treatment, Egg Donation and surrogacy agreements are done in appropriate way. Also providing free initial sessions to the couples by the top IVF Surrogacy Specialist across the north India.


Christ, I can't imagine making just $15/hr let alone 11.  The government should really invest in finding an algorithm that uses demographics to drive minimum wage changes and keep people working.   Or at least do *something* to make the decision at least *somewhat* scientific.


Yes, maybe.  The 529 is pretty cool in that you can open an account for yourself, and change the beneficiary as you wish, or not. In theory, one can start a 529 for children or grandchildren yet unborn.  Back to you - a 529 is not deductible on your federal return. It grows tax deferred, and tax free if used for approved education. Some states offer deductions depending on the state. There is a list of states that offer such a deduction.


I'd breath a bit. You actually aren't in that much of a pickle as you think. Your credit card debt is your number one priority. After that is paid off you need to think about what your financial goals are. You mentioned you wanted to start a family. I'm assuming you are in a solid relationship that would be conducive for this. You need to start planning out how much it's going to cost and then tack on another 50% because babies are expensive. I wouldn't worry about being debt free but you do need to get that car loan down to where you owe less than the car is worth. Honestly though your debt seems highly manageable if you just create and stick to a budget.


Lol I'm only a bitch on the internet and to guys who won't leave me alone at a bar. I'd die before I disrespected my boss. Even if I didn't get along with an employer/coworker/client, I'd swallow my tongue a thousand times and quit respectively before showing my bitchy side.


I think I may have gotten my reasoning backwards, since beta can be thought of as just the quantification of the relationship in prices but in itself isn't the actual reason behind them.  Risk free are things such as Treasury bonds/bills.


Honestly? The maximum number really doesn't matter. If you're investing long-term, you buy in when it looks like an OK deal (still undervalued but looks like it'll grow), and you sell when it looks like the stock has reached a peak it won't reach again for a while if ever. However many stocks you can keep track of on those kinds of terms is how many stocks should be in your portfolio.


"For me it's a pretty fine line.  I really hate when I go to a store and I have salespeople breathing down my neck the instant my foot touches the floor.  However, if I've been in a store for more than 5-10 minutes, especially if I've been hovering in one spot or over one time for the majority of that time, one would think that a salesperson would think ""Hey, maybe that dude wants to buy something and I should help him out.""  I guess what irritates me most is the lack of common sense and courtesy displayed in these situations, although I can certainly understand that oftentimes it is merely someone following ""corporate policy"" in order to make enough money to get by or even keep their jobs."


How did the house pass to them? Was it held in Trust? Were they both jointly listed on the deed? If no to both, then the house should have gone into probate..assuming this is going on in the US...where the probate court would reassign ownership. Until this happens the house cannot be sold and is formally owned by the estate. I agree with the former post suggesting you find an estate attorney in the area to see if this dispute can be amicably settled. Tying it up in litigation will be EXPENSIVE and take a great deal of time


Will there be a scenario in which I want to sell, but nobody wants to buy from me and I'm stuck at the brokerage website? Similarly, if nobody wants to sell their stocks, I will not be able to buy at all? You're thinking of this as a normal purchase, but that's not really how US stock markets operate. First, just because there are shares of stock purchased, it doesn't mean that there was real investor buyer and seller demand for that instrument (at that point in time).  Markets have dedicated middlemen called Market Makers (NASDAQ) or Specialists (NYSE), who are responsible to make sure that there is always someone to buy or sell; this ensures that all instruments have sufficient liquidity.  Market Makers and specialists may decide to lower their bid on a stock based on a high number of sellers, or raise their ask for a high number of buyers. During an investor rush to buy or sell an instrument (perhaps in response to a news release), it's possible for the Market Maker / specialist to accumulate or distribute a large number of shares, without end-investors like you or I being involved on both sides of the same transaction.


"Stocks (among other property) currently is allowed a ""stepped-up basis"" when valuing for estate tax purpose.  From the US IRS web page: To determine if the sale of inherited property is taxable, you must first determine your basis in the property. The basis of property inherited from a decedent is generally one of the following: The fair market value (FMV) of the property on the date of the decedent's death. The FMV of the property on the alternate valuation date if the executor of the estate chooses to use alternate valuation. See the Instructions for Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return. If you or your spouse gave the property to the decedent within one year before the decedent's death, see Publication 551, Basis of Assets. Your question continues ""the person that died still has to pay taxes on their profits in the year they died, right?"" Yes. The estate would be subject to tax on realized gains/losses prior to death."


USPS is a private company entirely. We fulfill a government contract and receive zero tax dollars. It's more because we deliver to every house daily as it is, and our carriers almost all work more than 40 hours a week already, so there isn't a benefit to having us deliver that way since we go everywhere once a day anyways.


"My ass.  Government regulations are VERY necessary to ensure health and safety.  The free market can't decide everything.  What you are failing to realize is that sure, it's bad for business for a company to fuck over their customers, however that doesn't mean that people should have to get hurt, poisoned, or killed by ""bad"" businesses that haven't went under yet.  You sound like one of those ridiculously paranoid conservatives who think that Obama is an evil socialist."


"My husband made a similar car loan decision when he was younger and didn't have an established credit history / favourable credit rating.  As a result, he ended up paying triple what the car was worth, because of the interest. When we consolidated our finances, this ugly loan was first on our list of priorities to change, convert, eliminate, but unfortunately, in our case, the terms of the loan were such that only the lender benefited.  There was no incentive to pay off the loan early, in fact, we would have to have paid all the future interest at once, without saving a penny. So check the terms of your loan - hopefully you're better off than we were.  In our case, the only upside we could figure was the lesson of ""live and learn""!"


Years ago, I had a tenant who bounced a check now and then. I started going to the bank where his account was. With my ID they were agreeable to cashing the check against his account. The teller first checked his balance and only cashed when there were enough funds. One time he was $10 short. I wrote a deposit slip and added the $10 it took to clear the check.  As they say, your mileage may vary, I hear some banks won't even break a large bill for a non customer.


I don't know answers that would be specific to Canada but one of the main ETF funds that tracks gold prices is GLD (SPDR Gold Trust) another is IAU (iShares Gold Trust). Also, there are several ETF's that combine different precious metals together and can be traded. You can find a fairly decent list here on the Stock Encylopedia site.


I agree, it's probably a good moment to buy.  I like Chipotle but you gotta agree there is an elevated risk of contamination if you don't use any pesticides/herbicides/antiobiotics on your products.  It can be managed but the risk is higher.   I'll put that risk in my mouth and chew it up most times rather than eat at a lot of other resautrants.


"This perhaps would be more proper as an edit to my previous comment. Nevertheless, I find the emotional content of your message telling and deserving of a standalone comment.  When I analyze the actual information content of what you have had to offer in this exchange, I found nothing. Rather, I found ""you are stupid"" and ""you lack intelligence"". Perhaps a little, ""you are an idiot"".  And this in response to a well-educated opinion: that the common misguided belief that this amorphous concept of ""luck"" gives lie to years of hard work, persistence and study.   You, my friend, are the idiot. You're someone who lacks any substantive contribution and tries to influence thought through intimidation. You're the debate about how many angels fit on the head of a pin. You are the living embodiment of dogmatism, so rooted in ""truth"", that the true thinking man finds pathetic.  But pardon me, I'm just trying to figure out how to tie my shoes."


"Yes, a HELOC is great for that. I just had my roof done last month (~$15K, ""ugh"") and pretty much every major contractor in my area had a 0% same-as-cash for at least 12 months. So that helps - any balance that I don't bank by 11/15/2015 will be on the HELOC."


> it is myth that companies can get a monopoly and raise prices by themselves. They require government to do it.  The only thing required is that a government exist to enforce private property rights. Once that is in place, then a company with sufficient funding can buy ownership of a vital natural resource. Once this has been accomplished, then there is little that any competitor can do to break this monopoly.


"You file taxes as usual. W2 is a form given to you, you don't need to fill it. Similarly, 1099. Both report moneys paid to you by your employers. W2 is for actual employer (the one where you're on the payroll), 1099 is for contractors (where you invoice the entity you provide services to and get paid per contract). You need to look at form 1040 and its instructions as to how exactly to fill it. That would be the annual tax return. It has various schedules (A, B, C, D, E, F, H, etc) which you should familiarize yourself with, and various additional forms that you attach to it. If you're self employed, you're expected  to make quarterly estimate payments, but if you're a salaried employee you can instruct your employer to withhold the amounts you expect to owe for taxes from your salary, instead. If you're using a tax preparation software (like TurboTax or TaxAct), it will ""interview"" you to get all the needed information and provide you with the forms filled accordingly. Alternatively you can pay someone to prepare the tax return for you."


Deposit accounts lists savings rates for most of the online banks that offer savings accounts. Select one of the accounts with higher interest and you'll earn more on your money that you can with a savings account at Wells Fargo. You can transfer the money from Wells Fargo to one of the online lenders using electronic funds transfer.  If you plan to invest the money, you should consider what the purpose is long-term. If you don't plan on needing it for ~5 years or so you could consider a bond fund from Vanguard. Understand that while, this would be low risk, you could still lose money and this doesn't provide the same level of safety as a bank savings account from Wells Fargo or one of the online banks.


And they get paid like everyone else. Is the worker more important than anyone else? Or are they equal? And as equals should they not pay the same rate for the same services as anyone else? Walmart doesn't treat you any different based on account status, neither does any other voluntary service provider. Why does an involuntary service provider get the right to discriminate based on success? McDonald's doesn't do a survey of the in store customers and make a segment pay more than another so they can eat for free. Im not sure how people can fight inequality by treating people unequally.


Sometimes invested capital is expected to earn interest, I've seen this be a stipulation in LLC operating agreements and Corporate bylaws. I thought this arrangement looks a little less than fair. BTW I'm a college freshman, though I do the finances for my parents' regulatory compliance and governance consulting company. Anyhow, that's just my two cents.


I shop there b/c of Kenmore.  For certain appliances and high-dollar items, Kenmore offers a quality product at a very affordable price point. My short-depth refrigerator w/ built-in icemaker/water dispenser is Kenmore and we saved hundreds of dollars over the next cheapest competitor w/ similar features.  Our vacuum cleaner is a Kenmore.  We used to own a Dyson and were unhappy w/ it's performance on carpet and bought a Kenmore that was about half the price we paid for the Dyson and does a better job at cleaning. We sold the Dyson in a garage sale.  As long as Sears continues to offer Kenmore appliances, I will always think of them first when I need to purchase an appliance.


At first, that seems right. However, can you run 20 CNC mills while prospecting for new customers?  IF you're getting all that work from just a few customers then you still need to be prospecting simply because you're relying too much on  a few customers.  Sure, there are exceptions, to a degree. But they're few, and aren't much of exceptions once you dig in.


You'd have to buy that information. Quoting from this page, Commercial Historical Data Higher resolution and more complete datasets are generally not available for free. Below is a list of vendors which have passed our quality screening (in total, we screened over a dozen vendors). To qualify, the vendor must aggregate data from all US national/regional exchanges as only complete datasets are suitable for research use. The last point is especially important as there are many vendors who just get data from a couple sources and is missing important information such as dark pool trades. They offer some alternatives for free data: Daily Resolution Data 1) Yahoo! Finance– Daily resolution data, with split/dividend adjustments can be downloaded from here. The download procedure can be automated using this tool. Note, Yahoo quite frequently has errors in its database and does not contain data for delisted symbols. 2) QuantQuote Free Data– QuantQuote offers free daily resolution data for the S&P500 at this web page under the Free Data tab. The data accounts for symbol changes, splits, and dividends, and is largely free of the errors found in the Yahoo data. Note, only 500 symbols are available unlike Yahoo which provides all listed symbols. And they list recommendations about who to buy the data from.


"> Can we just focus on one?  No, because doing so is nonsensical.  You said ""sports"" and, in response to my comment that many sports are not dominated by just one race, you have chosen one that supports your argument.    Why don't black people dominate the most popular sport on the planet (soccer)?"


...so how does one consume an unlimited amount of goods or services in a limited period of time?  There pretty clearly is a finite amount of work to be done, but the whole conversation is a little silly, as we're nowhere near that point yet.


No, given the circumstances, no tax due.  The fact that the wife wants cash makes my next comment moot, but for others - An IRA in either flavor belongs to the individual and cannot be gifted as such. But. Under a QDRO, a Qualified domestic relations order, the account may be transferred as an IRA. For a spouse who doesn't need immediate access and would prefer the gross amount and continued growth, this might be preferable to getting the cash. For a pretax IRA, cashing out the whole account can be costly compared to the partial distributions each year.


> I don't get why is this concept so hard to understand. Movie theaters aren't full 99.9% of time. Any additional customer they get because of this app doesn't cost them anything.  ... at the cost of cannibalizing sales that they *would* have made to people who have subscriptions...


Why not just roll over part of your IRA to a bank?  I don't know about Capital One, but Bank of America seems to offer a bank-based IRA.   In broker-based IRAs, the closest that I've seen to a savings account is a money market fund.  They often set those as the default investment until money is allocated to more specific funds.  It is conceivably possible that a money market could lose money, but it has never happened.


>The US government debt is how much USD the government has paid the US non-government in excess of what it's taxed them. Correct?  Incorrect.  The US debt/savings is the balance of credit the US government maintains with US banks, and foreign sovereigns/banks.  Why do you need to say it another way?    WTF is 'non-government' savings?  Other than an academically retarded way of saying  'debt' of course?  Its not a bad thing...  unless interest rates rise.  But this time is different, so that'll never happen.  I'm sticking to my initial assessment.  Fairyland.


Why does the rising price of a bond pushes it's yield down? The bond price and its yield are linked; if one goes up, the other must go down. This is because the cash flows from the bond are fixed, predetermined. The market price of the bond fluctuates. Now what if people are suddenly willing to pay more for the same fixed payments? It must mean that the return, i.e. the yield, will be lower. Here we see that risk associated with the bonds in question has   skyrocketed, and thus bonds' returns has skyrocketed, too. Am I right? The default risk has increased, yes. Now, I assume that bonds' price is determined by the market (issued by   a state, traded at the market). Is that correct? Correct, as long as you are talking about the market price. Then who determines bonds' yields? I mean, isn't it fixed? Or - in the   FT quote above - they are talking about the yields for the new bonds   issued that particular month? The yield is not fixed - the cash flows are. Yield is the internal rate of return. See my answer above to your first question.


buy a cashiers check with the cash (a CRT will be nec if over 10 K) and deposit the cashiers check


A nice little summary, but with regards to the closing comments. I don't see much reason to be hopeful for change/awareness.   Politicians are driven by lobbyists and election cycles. It is difficult to imagine a circumstance where policy makers would ever be inclined to pay attention to long term cycles, or this kind of basic economic philosophy.


A single percentage figure makes little sense here as you are asking for a bunch of different things:


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Another option, not yet discussed here, is to allow the loan to go into default and let the loaning agency repossess the property the loan was used for, after which they sell it and that sale should discharge some significant portion of the loan. Knowing where the friend and property is, you may be able to help them carry out the repossession by providing them information. Meanwhile, your credit will take a significant hit, but unless your name is on the deed/title of the property then you have little claim that the property is yours just because you're paying the loan. The contract you signed for the loan is not going to be easily bypassed with a lawsuit of any sort, so unless you can produce another contract between you and your friend it's unlikely that you can even sue them. In short, you have no claim to the property, but the loaning agency does - perhaps that's the only way to avoid paying most of the debt, but you do trade some of your credit for it. Hopefully you understand that what you loaned wasn't money, but your credit score and earning potential, and that you will be more careful who you choose to lend this to in the future.


This answer comes from my interpretation of Publication 590 (2011), Individual Retirement Arrangements (IRAs) and particularly What Are Qualified Distributions? section. Please consult the sources yourself or with the help of a qualified professional before doing anything. First, note that due to the rollover loophole, you can take out the money and repay it within 60 days. Missing the deadline would mean paying the taxes on the withdrawal in addition to a 10% penalty. As per JoeTaxpayer's notes below, this applies to the earnings on the account only. The contributions themselves can be withdrawn without penalties (thanks, Joe!).  Second, you might qualify to withdraw 10k for a qualified first-home house purchase. Qualified, in this case, would mean first-time home purchase by yourself, your spouse, your child, parent, or grandchild, made within 120 days of withdrawal (see first home in the above document). Finally, nothing is mentioned about the withdrawal affecting your yearly contribution cap. Any new money coming into the account is new money counted towards the contribution cap (except for the 60 day loophole).  To answer your question then: you can make up the money only under the first scenario (60 day loophole). Qualified withdrawals allow you to avoid the penalties, but as far as I can tell, do not affect the contribution cap. There are a few other details that may depend on your age, reservist status, health, etc. Read the document carefully to see if any of those apply to you.


Yes, I want data about Chinese opinion of Trump.  I’ve provided data for India and many other countries.    I know asking a trumptards to back up what they say is a bit too much for you, but that’s generally the standard required to make an educated assessment.    If I were you I’d shut the fuck up about things I don’t understand and can’t support with data.


I keep it simple. Here's what I learned when I took Personal Financial Planning: Insurance is for low likelihood, high-impact events.


It looks like an improvement to me, if for no other reason than lowering the expenses. But if you are around 35 years away from retirement you could consider eliminating all bond funds for now. They will pay better in a few years. And the stock market(s) will definitely go up more than bonds over the next 35 years.


Exactly, accounting for fat tails would already hugely improve the models. Something like a fractal distribution as argued by Taleb and Mandelbrot would be a step in the right direction.  Sadly using those models would undoubtedly identify (correctly) that banks have much more value at risk than they now estimate, so that basically it won't happen, because it would be costly for the bank.


This comment makes zero sense. No one values equities from the balance sheet, unless you're trying to justify why you'd invest in sears or something (i.e. b/s vastly understates market value of real estate holdings and you're hoping for a liquidity event). Certainly not a tech company or really anything as a going concern.


"No. Fake news are lies and baseless claims where simple verifiable facts and logic can show them as such.  For example: ""Russians colluded with Trump to win the elections"".  Let's see: in July 2016 Trump won the GOP debate and was nominated by the GOP against 13 other career GOP politicians. And then he won the elections in November 2016.  Facts? Yes or no?  Are you saying that since July, the Russian managed to rig and twist the elections result for the choice, Trump, in November?  Or is it, for example, Hillary cheating on debate questions given to her by fake-news CNN, questions that Trump handled easily? If my son did such a thing on a test in 1st grade, he will be expelled from school.  [Here's you weekly doze of fake news and why they are fake news](https://www.reddit.com/r/The_Donald/comments/6tjcin/your_weekly_dose_of_fake_news/)"


"Because behind closed doors these same ""green"" businesses who are doing it solely for financial gains are also lobbying politicians to ease environmental restrictions which drive up their costs.   Being ""green"" is nothing more than good PR for companies."


"Income from a hobby is tax exempt under Dutch law. To consider whether it's hobby, a few rules are applied such as: How much time do you spend on the activity? And is the hourly wage low? Obviously, having a boss is a sure sign of it not being a hobby. The typical example is making dolls and selling them on a crafts fair. If you travel the country and sell each weekend on a different fair, that's a lot of time. If you only sell them on the fair in your home town, it's a hobby.  Situation 3 is the most difficult. If you just happened to luck out, it's still a hobby. If you spent significant time to improve the value of your holdings, e.g. by trading in-game, then it might be seen as work. In the latter case, you simply file it as ""income from other sources, not yet taxed"".  For the purpose of determining income from a hobby, you may deduct actual expenses. So, in your case they'd look at the net income of $-1000, which is not unusual for a hobby. It wouldn't be any different if you took up horse riding, decided that you didn't like it, and sell your horse at a loss."


**Have a business plan.** Even if this is just a piece of paper that you and your friend scratched on, you want a document that describes what you're going to do and how you're going to do it. Also have some note of how profits will be shared (most likely, this will be 50/50 but write it down!)  **Plan ahead and have some cash onhand.** Not every one of your expenses will be something you will know about in advance. Plan your expenses so that you have money to cover them, but also have an emergency fund (you can build this with the profits you get in the beginning) in case your rake breaks and you don't have a backup. Also, if you use your emergency fund, REPLACE IT.  **Trust each other and communicate.** All businesses should run on trust. You and your friend should trust that the other person is going to work hard and put in the work. If you don't trust that he will show up on time, the burden falls to you and you will need to work harder. If you're having problems with him, trust that you'll be able to approach him (be tactful and respectful though) and work it out.   **Have fun.** Ultimately, starting a business like this should be fun. Yes, the work may seem like a drag, but if you and your friend are able to have fun while working you'll enjoy it more and it won't seem so bad. Also, don't be afraid to spend your profits on yourselves. I'm not saying blow every dollar you make, but going to dinner or going to see a movie together with your hard earned profits from that day's work can make it all worth it.  These are just some ideas that I came up with at my desk at work. If you have any other questions, feel free to PM me. I'm happy to help out. Good luck!


"Well, you're a rarity, then. Every manager I've spoken to (and my personal experience on the hiring side) would indicate that it's a negative. The most common one being ""Does this candidate really have nothing else relevant that they could have put on their resume?""  It's totally trivial to make a couple months ""vanish"" on a resume. Yeah, it could come up in an interview, but at that point the resume has largely already done its job. Outside of entry level positions, having a fast food job on your resume is not going to do you favors."


"Most mutual funds are designed to make the investment banks that sell them money, not to make investers money. They do this by taking significant fees out. Because they make lots of money on these funds, they advertise them a lot, and give them important-sounding names, like ""Advanced technology global diversity long term appreciation"".  Index funds are the exception; they attempt to mirror the performance of a specific index (such as the S&P 500 index). They generally have very low fees."


Yeah but that would mean Congressmen would need to do something different than what the pharmaceutical companies pay them to do.    They best way to fix health care isn’t by attacking corporate profits.   It’s by cutting health care funding, insurance and services.    At least that’s what I’ve learned on Fox News.  Hope I have it right.


"American Express is great for this use case -- they have two user roles ""Account Agent"" and ""Account Manager"" which allow you to designate logins to review your account details or act on your behalf to pay bills or request service. This scheme is designed for exactly what you are doing and offers you more security and less hassle. More details here."


I remember buying my first computer from Sears, a Compaq. How things changed blazing around on a 56k, 300 MHz K6, back before Napster was a thing,  Yahoo was wrecking AOL, and A/S/L was at the beginning of every chat log.  Keeping my computer on all night to download funny wave files to save on floppy, oh yes, times were a changing.  I can still imagine the dialup sounds burned into my memory, and dreamt of ram upgrades.


Not really. I benefit from the very rich and so do you. 2/3 of the 1% are self-made or semi-self made billionaires, and we all benefit from the technologies, businesses, and organisations etc. they have created and continue to create. They are some of the most productive people on earth.  Secondly, by investing their assets - they enable other's to get investments for their businesses to grow, because they are willing to take risks, most of us can't or won't. You can rob them once for a small time gain, many countries have attempted this, and then found out with the smartest people disincentivized to work, the country grinds to a halt, and slips towards poverty.


Confused on why everyone seems to think there is going to be like one or two companies controlling it all. There is an insane amount of people in the US and on this planet there is room for many many companies doing essentially the same thing.


I'd keep the risk inside the well-funded retirement accounts. Outside those accounts, I'd save to have a proper emergency fund, not based on today's expenses, but on expenses post house. The rest, I'd save toward the downpayment. 20% down, with a reserve for the spending that comes with a home purchase.  It's my opinion that 3-5 years isn't enough to put this money at risk.


Probably not because everywhere you go everyone is understaffed. Although they can just increase wages and poach from everyone else, if everyone else matched them, the same issue would occur. I know people who quit the same pizza store 20 times and can get a job any time.


Generally these are public companies set up to do some particular thing and get revenue from use.  And yes, the elected representatives signed the municpalities on to these things.   If you co-sign a loan, sooner or later you may have to pay up.


"Model 3 passed all regulatory requirements for production two weeks ahead of schedule. Expecting to complete SN1 [Serial Number 1] on Friday, Tesla (NASDAQ:TSLA) CEO Elon Musk tweeted on Sunday.  ""Handover party for first 30 customer Model 3's on the 28th! Production grows exponentially, so Aug should be 100 cars and Sept above 1500... Looks like we can reach 20,000 Model 3 cars per month in Dec.""  The car, which already has over 400,000 pre-orders, is Tesla's cheapest vehicle to date - starting at $35,000.  TSLA +3% premarket"


"Fundamentals:  Then remember that you want to put 20% or more down in cash, to avoid PMI, and recalculate with thatmajor chunk taken out of your savings.  Many banks offer calculators on their websites that can help you run these numbers and figure out how much house a given mortgage can pay for. Remember that the old advice that you should buy the largest house you can afford, or the newer advice about ""starter homes"", are both questionable in the current market. =========================== Added:  If you're willing to settle for a rule-of-thumb first-approximation ballpark estimate: Maximum mortgage payment: Rule of 28. Your monthly mortgage payment should not exceed 28 percent of your gross monthly income (your income before taxes are taken out).  Maximum housing cost: Rule of 32. Your total housing payments (including the mortgage, homeowner’s insurance, and private mortgage insurance [PMI], association fees, and property taxes) should not exceed 32 percent of your gross monthly income. Maximum Total Debt Service: Rule of 40. Your total debt payments, including your housing payment, your auto loan or student loan payments, and minimum credit card payments should not exceed 40 percent of your gross monthly income. As I said, many banks offer web-based tools that will run these numbers for you. These are rules that the lending industy uses for a quick initial screen of an application. They do not guarantee that you in particular can afford that large a loan, just that it isn't so bad that they won't even look at it. Note that this is all in terms of mortgage paymennts, which means it's also affected by what interest rate you can get, how long a mortgage you're willing to take, and how much you can afford to pull out of your savings. Also, as noted, if you can't put 20% down from savings the bank will hit you for PMI. Standard reminder: Unless you explect to live in the same place for five years or more, buying a house is questionable financially. There is nothing wrong with renting; depending on local housing stock it may be cheaper. Houses come with ongoung costs and hassles rental -- even renting a house -- doesn't. Buy a house only when it makes sense both financially and in terms of what you actually need to make your life pleasant. Do not buy a house only because you think it's an investment; real estate can be a profitable business, but thinking of a house as simultaneously both your home and an investment is a good way to get yourself into trouble."


That is what happens when you graduate during a recession. I just missed graduating during the last one with a Comp. Sci. degree. I still had no problems finding the internships during the height of the last recession. With the experience and a degree I was hired the week after graduation. I don't know where you live or where you graduated from, but I do know geography has much to do with your employability.


I'm as liberal as they come, but paying cops to work as flaggers is fucking stupid and I see it ALL the goddamn time in NY.   and usually they're shitty flaggers. they just park a squad car at the site turn on the flashers and play video games all day


Any fee based financial adviser should be able to help you. I don't think you need to worry about finding a 401K specific adviser. I'm not even sure that's a thing. A good place to start is the National Association of Personal Financial Advisors. The reason I specifically mentioned a fee based adviser is that the free ones are working on sales commissions, which may influence them to give advice that is in their own best interest more than yours.


No, it doesn't, but overhead of a worker adds up. We are talking taxes, health insurance now, and tons of restrictions and safety issues that OSHA would come after me for, for being an employer. That, and I run the risk of getting an employee that manages to crash tooling all the time, which I lose money on. If I fire him, I'd have to cover unemployment, and the list goes on. That's something that was not mentioned in the article.


"Couple points: 1) Since the Roth is after tax, you can effectively contribute more than you could with the Traditional IRA before hitting the limits. So in your example, if you had extra money you wanted to invest in an IRA, you could invest up to $1,750 more into the Roth but only $500 more into the Traditional (current limits are $5,500 per year for single filers under 50). Your example assumes that you have exactly $3,750 in spare money looking for an IRA home.  2) The contributions (but not earnings) can be withdrawn from the Roth at any time, penalty and tax free.  3) The tax rate ""lock-in"" can be significant, especially early on when you are at a relatively low tax bracket, say 15%, but expect to be higher at retirement.  4) Traditional IRAs and 401(k) are taxed as ordinary income, so you go through the tax brackets. Even if the marginal rate is 25%, the effective rate may be lower. If you have a Roth, conceivably you could reduce the amount you need to withdrawal from the Trad IRA/401(k) to reduce the effective tax rate on those (of course subject to minimum distributions and all that). This is more an argument to have a mix of pre- and post-tax retirement accounts than strictly a pro-Roth reason."


It is said that behind every successful man is a great woman. This saying applies in the world of fashion, too, albeit with a few tweaks to it: behind every successful designer or fashion brand is a dependable fashion publicist from a trusted PR agency.


"Software or any online service fits this category I suppose.  There are two apps I pay for that are ""free."" Evernote and Pandora.  Evernote is free for 40MB, $45/yr for 500MB/mo transfer. Pandora is free for 40hrs/mo, $36/yr unlimited. When I use a free product and hit the limit it's a sign to me that I value that product and the owners deserve to get paid. To me, both products provide value that's well above the cost they are asking. In this case, both products are annual subscriptions, but offer monthly as well.  You don't mention the type of product you have, the two I listed are similar in billing type, but very difference end uses. The question is - How do you provide value and make your customers want to pay you?  BTW - the ~$40/yr give or take, seems a good price point. Under $50, it feels a fair price to pay for a useful product."


Don’t you hate this shit? Whenever there’s a business-related or pharmaceutical company article posted on reddit, I try not to read the comments. It’s too frustrating to read all of the comments like the one you responded to. People with no business education or general knowledge of natural economic laws just spewing shit out of their mouths. People with no real understanding of what they’re actually talking about or the real implications of their proposals, but they have an opinion on something that’s been in the news somewhat recently so by god they’re gonna tell you how the fuck it should be!


sales is hard or harder than that.  finding quality sales people is even harder  top sales people are like hired guns who could easily work for your competition.  they must be paid plenty to keep them selling/motivated and also to not bolt away  sales people keep score with money  most all other jobs are significantly easier to fill and maintain


Honestly this part of the show shouldn't confound people as much as it seems to be. Cersei might be repaying to pave the way for an even larger loan. She might be repaying to maintain diplomatic/trade relations or retain one of the few material allies she still has. Plus it's best to fence the merch when it's hot. Or she might be paying because she's genuinely worried about interest of all things. This whole magical war might be the end of our story, but Cersei doesn't see at as the end of hers (and no monarch would).  Historically, monarchs are playing a much longer con than just the single war. King Charles II of England spent a fortune on multiple failing wars before finances got out of hand and he declared his debts illegal (it's good to be the king I guess).  These days, things are substantially more complicated. Manipulating prime interest rates is a much more subtle tool that has thus far lead to more stable economies. Defaulting on debt like King Chuck would lead to a serious shock to your system, since every state is so interconnected these days. So they use finer controls to maintain a much larger economy (think bow thrusters on a container ship instead of oars on a canoe).


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It is a highly competitive market with many local competitors who already understand the shopping habits of the Chinese, which are very different to those of consumers in the Western world. Chinese platforms such as Taobao and Tmall dominate the shopping world in China, so it is crucial to understand exactly how these platforms run in order to successfully market your own brand.  One of the biggest problems that you will initially face when entering the Chinese market is that, as a business entering from the outside, you are essentially invisible to the Chinese market. You have no existing reputation within China, and any existing reputation you have is not guaranteed to help you.  As China is cut off from the rest of the world by the ‘great firewall’ (no access to Facebook, Twitter, Instagram, Google, etc), there is no way in which Chinese consumers will be able to research your company on it’s existing platforms and therefore gain an idea of any previous reputation your business may have.  So what is the solution? Start by building your reputation and visibility on Chinese platforms in order to ultimately drive leads and sales. Below are some essential tips on how to start doing this successfully.     BAIDU DOMINATES ONLINE Currently, there are an estimated 900 million internet users across China, with most users spending 1.5 hours a day just browsing. Baidu is the most popular search engine across China. Think of it as ‘the Google of China’.  This site is where 70% of all online research is carried out, so it is important to become visible in the search results through SEO (search engine optimisation), you need to build backlinks, produce quality content and audit the site for Chinese keyword searches to rank highly in the results over time. Baidu also brings the opportunity of paid advert links and banner ads, both very effective ways of reaching a wider audience. SOCIAL MEDIA IS A NECESSITY OF LIFE As the most popular social media app across China, it is imperative that your company becomes familiar with the inner workings of Wechat. Wechat is fundamentally a social media app, which allows the user to chat to friends, post photos and make free calls, however, it allows so much more than that. Booking cinema tickets, taxis, flights, topping up mobile phone credit, paying bills and even paying in store through Wechat pay are all possible.  Many local and foreign companies already successful in China have official accounts on Wechat. An official account acts like a mini site, or an E store. You can personalise it to reflect the vibe of your brand, so an eye catching, professional looking account is key.  An official account also allows the user to shop. Shopping in this way is becoming increasingly popular with the Chinese, as it is so quick and straightforward with payment being taken straight from your Wechat wallet. Many companies now also offer customer service through Wechat. Again, this is highly advisable as this is a service many Chinese consumers will now look for as it is quick and direct.  Weibo is another popular social media app used across China. Think of Weibo as ‘the Twitter of China’. Weibo is an open network site so users can see posts from anyone without being their friend or following them. Similar to Twitter, Weibo can be an excellent way to market your company by sharing the latest updates, offers, promotions etc. Your followers can also start to share your content helping your company’s reputation spread by word of mouth.  [Read more](https://marketingtochina.com/market-new-business-china)


The I-9 form is required because you are working. It is kept by the employer as proof that you have the proper documents to work. If the government was to inspect their records they can be fined if they don't have those document, in fact they have to keep them for several years after your employment is done. A w-4 form is a federal tax form. There also was probably a state version of the form.  When you completed the w-4 it is used by your employer to determine how much in taxes need to be withheld. Employers don't know your tax situation. Even though you are on work study, you still could have made enough money over the summer to pay taxes. But if this is your only job, and you will not make enough money to have to pay taxes, you can fill out the form as exempt. That means that last year you didn't make enough money to have to pay taxes, and you don't expect to make enough to have to pay taxes this year. If you are exempt, no federal income tax will be withheld. They might still withhold for social security and medicare. The state w-4 can also be used to be exempt from state taxes. If they withhold any income taxes you have to file one of the 1040 tax forms to get that income tax money back. You will have to do so for the state income tax withholding.  A note about social security and medicare. If you have an on campus job, at the campus you attend, during the school year; they don't withhold money for social security and medicare. That law applies to students on work study jobs, and on non-work-study jobs. for single dependents the federal threshold where you must file is: > You must file a return if any of the following apply. Your gross income was more than the larger of— a. $1,000, or b. Your earned income (up to $5,850) plus $350.


"A ""bad customer"" isn't someone who needs a lot of support due to a situation like Bob's.   ""Bad customer"" is someone who generates work. You get nothing but complaints, everything is about how fucked up your software is, etc, etc, etc. It might also be a customer who's trying to use your product wrong.   There are also customers that really are resource pits. Note that after that one call, they never heard from Bob again. In fact, a customer that calls for two hours a month would use more than Bob did over the course of the year. So if Bob called back the next day to ask about setting up a printer, and the next day to set up internet connectivity, and the day after that for help with the Windows setup thing again, and the next day for more printer help... then you start to get into evaluating the value of the customer.   There's some judgement involved here - the CEO felt that if he got Bob up and running, then Bob would be good to go (and he was right)."


Strictly from a fastest payback standpoint, the rule is to make all minimum payments and send any extra funds to the highest interest loan next.  This will result in the lowest interest paid each year.  The decision to consolidate depends on the impact it will have to both your payment and overall payoff schedule. It sounds like your priority might need to be cash flow and not overall savings. e.g. taking a 4% loan that has a high payment, but stretching it over more time can lower the payment, even at a bit higher rate. You just need to be aware of the cost and decide based on what you can live with. I hope you are in a good field that would see improvements to your income over these next few years.


Because buying at discount provides a considerable safety of margin -- it increases the likelihood of profiting. The margin serves to cushion future adverse price movement. Why is so much effort made to get a small percentage off an   investment, if one is then willing to let the investment drop another   20% or more with the reason of being in it for the long term? Nobody can predict the stock price. Now if a long term investor happens to buy some stocks and the market crashes the next day, he could afford to wait for the stock prices to bounce back. Why should he sells immediately to incur a definite loss, should he has confidence in the underlying companies to recover eventually? One can choose to buy wisely, but the market fluctuation is out of his/her control. Wouldn't you agree that he/she should spend much efforts on something that can be controlled?


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"From the poster's description of this activity, it doesn't look like he is engaged in a business, so Schedule C would not be appropriate. The first paragraph of the IRS Instructions for Schedule C is as follows: Use Schedule C (Form 1040) to report income or loss from a business   you operated or a profession you practiced as a sole proprietor. An   activity qualifies as a business if your primary purpose for engaging   in the activity is for income or profit and you are involved in the   activity with continuity and regularity. For example, a sporadic   activity or a hobby does not qualify as a business. To report income   from a nonbusiness activity, see the instructions for Form 1040, line   21, or Form 1040NR, line 21. What the poster is doing is acting as a nominee or agent for his members. For instance, if I give you $3.00 and ask you to go into Starbucks and buy me a pumpkin-spice latte, you do not have income or receipts of $3.00, and you are not engaged in a business. The amounts that the poster's members are forwarding him are like this.  Money that the poster receives for his trouble should be reported as nonbusiness income on Line 21 of Form 1040, in accordance with the instructions quoted above and the instructions for Form 1040. Finally, it should be noted that the poster cannot take deductions or losses relating to this activity. So he can't deduct any expenses of organizing the group buy on his tax return. Of course, this would not be the case if the group buy really is the poster's business and not just a ""hobby."" Of course, it goes without saying that the poster should document all of this activity with receipts, contemporaneous emails (and if available, contracts) - as well as anything else that could possibly be relevant to proving the nature of this activity in the event of an audit."


One additional note related to Roth vs regular: for a regular 401k or IRA, you pay the 10% penalty on any withdrawal.  For a Roth, you can withdraw the contributions early (but not the earnings) without any penalty or tax. Of course, if this is a retirement account it's better to leave it that way.  Personally it's one reason I avoid Roth - in addition to probably being in a higher bracket now, I also would prefer not to be able to touch my money.  But for some there could be advantages in having that ability (such as in an emergency).


Disadvantages: Advantages: In my opinion, the convenience and price (free!) of online options make doing your taxes online worth the negligible risks.


but I can't help but feel that these low rates are somehow a gimmick   to trick people into taking out loans Let me help you: it's not a feeling. That's exactly what it is. Since the economy is down, people don't want to jeopardize what they have, and keep the cash in their wallets. But, while keeping the money safe in the pocket, it makes the economy even worse. So in order to make people spend some money, the rates go down so that the cost of money is lower. It also means that the inflation will be on the rise, which is again a reason not to keep money uninvested. So yes, the rates are now very low, and the housing market is a buyers' market, so it does make sense to take out a loan at this time (provided of course that you can actually repay it over time, and don't take loans you can't handle). Of course, you shouldn't be taking loans just because the rates are low. But if you were already planning on purchasing a house - now would be a good time to go on with that.


I'm not familiar with this guy.  I think he's right about there being a cultural separation between the classes.  But I also think it was pretty telling that this bourgeois dude interpreted a high school graduate's sticker shock as bewilderment and awe with something beyond baloney sandwiches.


Exactly. It's in no country's interest, neither the average American's interest, for the US to be such a major military superpower. At this point the US is simply a giant bully, which will threaten any country that doesn't do things their way.


"This is the best tl;dr I could make, [original](http://www.scmp.com/magazines/post-magazine/long-reads/article/2116027/coin-stash-puts-new-spin-chinas-100-years) reduced by 97%. (I'm a bot) ***** > Other scholars have written about the impact of the Qing devaluations on social and economic disarray, but Burger is the first to display the entire sweep mint by mint, coin by coin.  > Even with his initial stash, Burger ran into a road&shy;block with the Qianlong Emperor&#039;s reign, which lasted 61 years, from 1735 to 1796, and during which multiple mints were operated in each province.  > Based on his doctoral dissertation, the earlier book used Burger&#039;s massive coin collection to demonstrate the changes introduced each year by each mint in the &quot;mother cash&quot;, which was used to imprint the coins.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/786ayu/wmaf_couple_keeps_rare_qing_dynasty_money_and/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~233349 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **Burger**^#1 **coin**^#2 **Cash**^#3 **Chinese**^#4 **Qing**^#5"


It's like an arms race.  One side makes an advance, the other side comes up with a counter.  Rinse and repeat.  My two cents is chemicals aren't the answer for either fertilizer or pest and weed control.  You need pest and weed resistant plants that can basically take care of themselves.


One thing I've always done is purchase things only through Amazon. And when I feel the need to buy something, I add it to my shopping cart, but not checkout. I do my best to always wait at least a few days before going through checkout. Adding it to my cart fills the need in my head for owning that thing. I've found if I wait a few days, my need to own it goes away enough so that I often end up not buying it.


Considering that it's common for the monthly mortgage payment to be 25% of one's income, it's an obvious advantage for that monthly burden to be eliminated.  The issue, as I see it, is that this is the last thing one should do in the list of priorities: The idea of 'no mortgage' is great. But. You might pay early and have just a few years of payments left on the mortgage and if you are unemployed, those payments are still due. It's why I'd suggest loading up retirement accounts and other savings before paying the mortgage sooner. Your point, that rates are low, and your expected return is higher, is well presented. I feel no compulsion to prepay my 3.5% mortgage.  As the OP is in Canada, land of no mortgage interest deduction, I ignore that, till now. The deduction simply reduces the effective rate, based on the country tax code permitting it. It's not the 'reason' to have a loan. But it's ignorant to ignore the math.


I'm a bot, *bleep*, *bloop*. Someone has linked to this thread from another place on reddit:  - [/r/bestof] [\/u\/rawketscience explains why people choose to go to Applebee's.](https://np.reddit.com/r/bestof/comments/6tftwb/urawketscience_explains_why_people_choose_to_go/)  [](#footer)*^(If you follow any of the above links, please respect the rules of reddit and don't vote in the other threads.) ^\([Info](/r/TotesMessenger) ^/ ^[Contact](/message/compose?to=/r/TotesMessenger))*  [](#bot)


"2.47% is a really, really good rate, doubly so if it's a fixed rate, and quadruply so if the interest is tax-deductible. That's about as close to ""free money"" as you're ever going to get. Heck, depending on what inflation does over the next few years, it might even be cheaper than free. So if you have the risk tolerance for it, it's probably more effective to invest the money in the stock market than to accelerate your student loan payoff. You can even do better in the bond market (my go-to intermediate-term corporate bond fund is yielding nearly 4% right now.) Just remember the old banker's aphorism: Assets shrink. Liabilities never shrink. You can lose the money you've invested in stocks or bonds, and you'll still have to pay back the loan. And, when in doubt, you can usually assume you're underestimating your risks. If you're feeling up for it, I'd say: make sure you have a good emergency fund outside of your investment money - something you could live on for six months or so and pay your bills while looking for a job, and sock the rest into something like the Vanguard LifeStrategy Moderate Growth fund or a similar instrument (Vanguard's just my personal preference, since I like their style - and by style, I mean low fees - but definitely feel free to consider alternatives). You could also pad your retirement accounts and avoid taxes on any gains instead, but remember that it's easier to put money into those than take it out, so be sure to double-check the state of your emergency fund."


"This is several questions wrapped together: How can I diplomatically see the company's financial information? How strong a claim does a stockholder or warrantholder have to see the company's financials? What information do I need to know about the company financials before deciding to buy in? I'll start with the easier second question (which is quasi implicit).  Stockholders typically have inspection rights.  For example, Delaware General Corporate Law § 220 gives stockholders the right to inspect and copy company financial information, subject to certain restrictions. Check the laws and corporate code of your company's state of incorporation to find the specific inspection right.  If it is an LLC or partnership, then the operating agreement usually controls and there may be no inspection rights.  If you have no corporate stock, then of course you have no statutory inspection rights.  My (admittedly incomplete) understanding is that warrantholders generally have no inspection rights unless somehow contracted for.  So if you vest as a corporate stockholder, it'll be your right to see the financials—which may make even a small purchase valuable to you as a continuing employee with the right to see the financials.  Until then, this is probably a courtesy and not their obligation. The first question is not easy to answer, except to say that it's variable and highly personal for small companies.  Some people interpret it as prying or accusatory, the implication being that the founders are either hiding something or that you need to examine really closely the mouth of their beautiful gift horse.  Other people may be much cooler about the question, understanding that small companies are risky and you're being methodical.  And in some smaller companies, they may believe giving you the expenses could make office life awkward. If you approach it professionally, directly, and briefly (do not over-explain yourself) with the responsible accountant or HR person (if any), then I imagine it should not be a problem for them to give some information.  Conversely, you may feel comfortable enough to review a high-level summary sheet with a founder, or to find some other way of tactfully reviewing the right information. In any case, I would keep the request vague, simple, and direct, and see what information they show you.  If your request is too specific, then you risk pushing them to show information A, which they refuse to do, but a vague request would've prompted them to show you information B.  A too-specific request might get you information X when a vague request could have garnered XYZ.  Vague requests are also less aggressive and may raise fewer objections. The third question is difficult to say.  My personal understanding is some perspective of how venture capitalists look at the investment opportunity (you didn't say how new this startup is or what series/stage they are on, so I'll try to stay vague). The actual financials are less relevant for startups than they are for other investments because the situation will definitely change.  Most venture capital firms like to look at the burn rate or amount of cash spent, usually at a monthly rate.  A high burn rate relative to infusions of cash suggests the company is growing rapidly but may have a risk of toppling (i.e. failing before exit).  Burn rate can change drastically during the early life of the startup.  Of course burn rate needs the context of revenues and reserves (and latest valuation is helpful as a benchmark, but you may be able to calculate that from the restricted share offer made to you).  High burn rate might not be bad, if the company is booming along towards a successful exit. You might also want to look at some sort of business plan or info sheet, rather than financials alone.  You want to gauge the size of the market (most startups like to claim 9- or 10-figure markets, so even a few percentage points of market share will hit revenue into the 8-figures).  You'll also have to have a sense for the business plan and model and whether it's a good investment or a ridiculous rehash (""it's Twitter for dogs meets Match.com for Russian Orthodox singles!"").  In other words, appraise it like an investor or VC and figure out whether it's a prospect for decent return.  Typical things like competition, customer acquisition costs, manufacturing costs are relevant depending on the type of business activity. Of course, I wouldn't ignore psychology (note that economists and finance people don't generally condone the following sort of emotional thinking).  If you don't invest in the company and it goes big, you'll kick yourself.  If it goes really big, other people will either assume you are rich or feel sad for you if you say you didn't get rich.  If you invest but lose money, it may not be so painful as not investing and losing out the opportunity.  So if you consider the emotional aspect of personal finance, it may be wise to invest at least a little, and hedge against ""woulda-shoulda"" syndrome.  That's more like emotional advice than hard-nosed financial advice. So much of the answer really depends on your particular circumstances.  Obviously you have other considerations like whether you can afford the investment, which will be on you to decide.  And of course, the § 83(b) election is almost always recommended in these situations (which seems to be what you are saying) to convert ordinary income into capital gain.  You may also need cash to pay any up-front taxes on the § 83(b) equity, depending on your circumstances."


There are a few ETFs that fall into the money market category: SHV, BIL, PVI and MINT.  What normally looks like an insignificant expense ratio looks pretty big when compared to the small yields offered by these funds. The same holds for the spread and transaction fees. For that reason, I'm not sure if the fund route is worth it.


I stand by my original comment.  The push for 10G switching (and 40, and 100...) does NOT come from Facebook.  It comes from everywhere.  Service providers, telcos, and just about everyone who operates a datacentre.  It is the fastest growing segment of the L2-3 switching market (for reasons that should be clear to everyone).  Opencompute is a nice enough project, but hardly unique, and it's not going to change the world - it's focussed very much on specific workloads that suit Facebook and similar companies, but it's not going to change the datacentre as we know it.  I also think it's a big waste of resources on Facebook's part.  There are many manufacturers that create similar hardware and/or will do so on your behalf, rather than distracting yourself with non-core competencies for tiny margins of efficiency.


> And operating machinery, equipment, etc while high is the same as doing so while drunk or otherwise impaired.  I agree, I never said it isn't.   > And yes, plenty of corporate cokeheads and pill poppers would look down on pot smokers too, and try to tell you that heir drug of choice made them more productive.  I think pot smokers do the same.   The issue comes down to that it has some effects and I would rather not employ a smoker. There are other issues as well.


When choosing a doctor, we often ask friends and family who’ve had experience with him / her. If you want to buy a car you’ll most probably consult review websites that feature customer feedback about the specific dealer. The same applies to web development. Let’s say one is looking for competent Web development Gatineau services. A good idea would be to review its body of work and customer reviews.


"Note: the answer below is speculative and not based on any first-hand knowledge of pump-and-dump schemes. The explanation with spamming doesn't really makes sense for me. Often you see a stock jump 30% or more in a single day at a particular moment in time. Unlikely that random people read their emails at that time and decide to buy. What I think happens is the pumper does a somewhat risky thing: starts buying a lot of shares of a stock that has declined a lot and had low volumes during the previous days. As the price starts to increase other people start to notice the jump and join the buying spree (also don't forget that some probably use buy-stop orders which are triggered when the price reaches a particular level). Also there should be some automatic trading involved (maybe HFT firms do pump-and-dumps) as you have to trade a big volume in a relatively short time span. I think it is unlikely to be done by human operators. Another explanation would be that there is a group of pumpers (to spread the risk so to speak). Update: As I think more of it, it is not necessary to buy ""a lot of shares"". You could buy some shares, sell them to another pumper and buy from them again at a higher price in several iterations. I think this could also work if you do it fast enough. These scheme makes sense only you previously bought many shares at the low price, possibly during several weeks. Once the price is pumped high enough you can start selling the shares you previously bought (in the days preceding the pump)."


Have you recently heard of the fantastic high altitude training from your friend? Do you want to start the training as well? Contact us, Melbourne Altitude Training, we have the best High altitude trainers who have been training many people since years. Our trainers are passionate about imparting knowledge. Address: 78 Moray Street, Southbank, VIC 3006, Australia P.No: 390414168


Another factor that makes Buy to let more expensive is the risk involved. With a buy to let you are dependent on finding a tenant that will keep regular payments. if the property is left empty you need to finance the mortgage yourself putting you under financial strain and raising risk. Also as Chis mentioned they are regarded as a business enterprise, If the mortgage was to be taken by a business that would be very high risk for a bank as the business could dissolve leaving the bank out of pocket. Because of this it can be very difficult to get a buy to let through a business unless you are moving from a personal portfolio. For a regular mortgage these risks don't exist so this is reflected in lower interest repayments. It's because of these differences in risk that banks created buy to let so they can better manage those risks.


What a load of bullshit. To make the assertion that government, in its natural role as a the defacto non-private advocate for its citizens, should not provide a public health solution is mind-bogglingly myopic. The idea is that society (and therefore the economy we use to measure it) as a whole improves with the healthcare of the individuals that make it up. Why is that so difficult for the conservative mind to grasp?


GDP = total economic output (i.e. revenue), not income.  But for investments, income is what matters.  Add in productivity gains of around 2-3%/year due to technology and basic free market dynamics, and you will get closer to that 6% growth.  Some mention mergers and acquisitions, but really that's just another form of productivity gains by gaining economy of scale and synergies.  Now add in modest selective picking within the S&P index towards those companies which are doing the most in our current economy.


"This is the best tl;dr I could make, [original](https://apnews.com/229cca12949741d8b66561455302173f/High-tech-US-plants-offer-jobs-even-as-the-laid-off-struggle) reduced by 95%. (I'm a bot) ***** > After years of job losses, filling 2 million new American manufacturing jobs in the next decade - the number forecast in a report by Deloitte Consulting and the American Manufacturing Institute - might seem easy.  > Choset is chief technology officer for the Advanced Robotics Manufacturing Institute, a new public-private partnership to help U.S. companies adopt robot technologies, create and retain jobs in the sector, and help American workers compete with low-wage workers overseas.  > In blue-collar Youngstown, Ohio, he talked about passing by big factories whose jobs &quot;Have left Ohio&quot; on his way to a July 25 rally, then told people not to sell their homes because the jobs are &quot;Coming back. They&#039;re all coming back.""   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6ttptt/hightech_us_plants_offer_jobs_even_as_the_laidoff/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~191217 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **job**^#1 **work**^#2 **manufacturing**^#3 **company**^#4 **More**^#5"


There is not any fraud involved. Anybody can gift money to another person.


"The fundamental question I'd have to ask here is - when will the interest you owe on the loan on your house be capitalized?  I think thats a fancy way of saying - how is your bank calculating the amount of interest on the loan? Is it based purely on the principal, or on the principal + existing interest?  Your situation is similar to that of having a student loan - it sounds like your loan is in deferment, but is equivalent to being ""unsubsidized"" - that is, you still are being charged interest on the loan. The question really boils down to - will you be paying interest on only the principal of the loan or both the principal and the interest of the loan?  Here are some helpful steps: If the interest is capitalized immediately, I believe it is correct to say it doesn't matter if you pay the principal or the interest of your loan first. If the interest is NOT capitalized until your deferment period is over, then its definitely best to pay off the principal first.  Hope this helps."


"Having savings only in your home currency is relatively 'low risk' compared with other types of 'low diversification'. This is because, in a simple case, your future cash outflows will be in your home currency, so if the GBP fluctuates in value, it will (theoretically) still buy you the same goods at home. In this way, keeping your savings in the same currency as your future expenditures creates a natural hedge against currency fluctuation. This gets complicated for goods imported from other countries, where base price fluctuates based on a foreign currency, or for situations where you expect to incur significant foreign currency expenditures (retirement elsewhere, etc.). In such cases, you no longer have certainty that your future expenditures will be based on the GBP, and saving money in other currencies may make more sense. In many circumstances, 'diversification' of the currency of your savings may actually increase your risk, not decrease it. Be sure you are doing this for a specific reason, with a specific strategy, and not just to generally 'spread your money around'. Even in case of a Brexit, consider: what would you do with a bank account full of USD? If the answer is ""Convert it back to GBP when needed (in 6 months, 5 years, 30, etc.), to buy British goods"", then I wouldn't call this a way to reduce your risk. Instead, I would call it a type of investment, with its own set of risks associated."


"It's easy to sell things when you have a panicking misinformed and ignorant viewer base. The sky is falling because obama is a socialist muslim fascist commie, the dollar is going to collapse!!! Now a word from our sponsors cash for gold and investment companies.  Ads really do work though  http://news.illinois.edu/news/12/0119junkfoodbans_KathyBaylis.html  They don't make the sale, but they plant the idea. The next time you need, the first thing that comes to your mind will be what you've been given more exposure to and sounds familiar. The brain is not great at remembering ""source"" information for things that are not of interest but it still remembers. When you have a choice between product A or product B, you will choose the one that sounds more familiar. You will not remember if you think it sounds more familiar because of a friend recommendation or because of an Ad you heard passively 3 weeks ago. Incidentally, this is how politics work as a whole. The most familiar candidates almost always end up being the last to battle it out. People don't even consider or research the ones they hadn't heard of."


It's literally been a Fox News talking point since the march that 4chan started. You can pretend you aren't just parroting their talking points but pointing to some Wikipedia article in your head is beyond stupid.   I ignore people who clearly are uneducated and have no idea what they're talking about. Like you. Right now.


The price to earnings ratio is a measure of the company's current share price compared to the annual net earnings per share.  The other way to think about this is the number of years a company would take to pay back the share price if the earnings stay constant.  This ignores factors like inflation and can be used as an indicator of risk.  During the internet bubble many companies had P/E above 24 and no possible means of earning back the share prices that were inflated largely due to speculation. Most tools like Google Finance will list the P/E for a particular quote.


"We learned the hard way on this one.  First, our area was hit with what was called an ""inland hurricane"" where we forced to file a claim as our home received extensive damage.   Within the same year, we also incurred an electrical surge which took out our older big screen tv (one of those big monstrosities that sits on the floor).  We were granted full replacement with a more modern flat screen TV, TV stand, and DVD player.  It seemed like a no brainer. We quickly found it as our premium went up that it wasn't that sweet.  It wasn't a huge increase, but it definitely has us truly evaluate if it's really necessary filing a claim."


That's a great point.  I've probably eaten at a number of different places I might not otherwise have gone because I either found out about them on the interwebs, or was able to look up a place I had seen to find out it had good reviews.


What you have to remember is you are buying a piece of the company. Think of it in terms of buying a business. Just like a business, you need to decide how long you are willing to wait to get paid back for your investment.  Imagine you were trying to sell your lemonade stand. This year your earnings will be $100, next year will be $110, the year after that $120 and so on.  Would you be willing to sell it for $100?


From my understanding, only A and B are shareholders, and M is a managing entity that takes commission on the profit. Assuming that's true.  At the start of the project, A contributes $500,000. At this point, A is the sole shareholder, owning 100% of the project that's valued at $500,000.  The real question is, did the value of the project change when B contributed 3 month later. If the value didn't change, then A owns 33.33%, and B owns 66.66%. Assuming both A and B wants to pay themselves with the $800,000 profit, then A gets a third of that, and B gets the rest.  However, if at the time of B's contribution, both parties agreed that the pre-money of the project has changed to $1 million, then B owns half the project valued at 2 million post-money. Then the profit would be split half way.


A $500K mortgage at 4.5% is $2533, right near the $2500 in your example. Interest the first year would be less than $22K, and your tax benefit (taking littleadv's answer into account, of course) would be $5500, max.  The tax benefit is the least of the reasons to get a mortgage. On your hypothetical $100K income, and too-high mortgage, a $5500 benefit is nothing. If one needs this tax benefit to make the numbers work, they are budgeted too tightly.  If you are considering trading a $1000 rent for a $500K mortgage with a $2500 payment, I'd look very carefully at the numbers. Search this board for the associated expenses of homeownership.