Degree of Operating Leverage (DOL) measures the percent change in EBIT given a 1% change in Revenue. In other words, if DOL is 1.5, then increasing Revenue by 1% will increase EBIT by 1.5%.  Degree of Financial Leverage (DFL) measures the percent change in NI given a 1% change in EBIT.  Degree of Total Leverage (DTL) cuts EBIT out and measures the percent change in NI given a 1% change in Revenue.   What all three of these numbers measure is “elasticity.” The elasticity between two variables is always the percentage change effect on one due to a 1% change in the other.   Before we talk about why you would multiply elasticities, let’s first just look at absolute changes between a change of three variables, X Y and Z. Lets say X impacts Y (X->Y) and Y impacts Z (Y->Z). To make it even more concrete, let’s imagine a classroom where every student is required to have 2 books and every book has 100 pages. So X = # students, Y = # of books, and Z = # of pages. If we add one student to the class, we need to add 2 books. If we add 1 book to the class, we have added 100 pages. With absolute changes like this it is obvious that we don’t add, we multiply. In other words, to directly see the impact of a new student on the number of pages (X -> Z), we would say 1 student -> 2 books -> 200 pages. To say 102 pages would obviously be silly.   For percent changes, this looks pretty similar. To make it easy say the class has 100 students. So adding 1 student is a 1% change. Then we go from 200 books to 202 books, a 1% change. So the degree of Student to Book Leverage is 1 (which make sense there are no “fixed pages”). We go from 20,000 pages to 20,200 pages, also a 1% change so the degree of Book to Page leverage is also 1. Thus, the Student to Page leverage is also just a flat 1.   Let’s add fixed amounts. The teacher has a single 2,000 page book on how to teach. We’ll assume the class has 20 students. So we start with 20*2 + 1 = 41 books and 40*100 + 2,000 = 6,000 pages. Let’s add a student. We have a 21/20 -1 = 4% increase in students. 43/41 -1 = 4.89% increase in books. 6,200/6,000 – 1 = 3.33% increase in pages. So the Degree of Student to Book Leverage is 4.00/4.89 = 0.818 and the Degree of Book to Page Leverage is 4.89/3.33 = 1.47. And the direct Student to Page Leverage is 4.00/3.33 = 1.20. Again, note that here it would be silly to add the degrees of leverage, and when we do multiply them we get 0.82*1.47 = 1.2, the right answer.   From here the application to EBIT [= Sales - Fixed Cost - Variable Cost = (Gross Margin * Sales) - Fixed Cost] and the application to EPS [= EBIT - Interest – Taxes = (1 – tax rate)*(EBIT – Interest)] should be obvious. I can supply the full proof mathematically, however, if you would like.


"He essentially invented the ""sharing economy"" and has the most valuable startup ever... how is that a ""shitty CEO"" lol. Dude has some personal problems and trouble dealing with them like a human would, figured a leave of absence would be enough. I'd hate to be in the place of some large stakeholders right now"


> I agree but...  ( i didn't read the article in its entirety!)  Reading it all is kinda key. It says in there that her business had a slow decline over a couple years and was 50% of what it was. So, she probably spent any savings to keep it afloat in the lean years.


Interestingly, California dumped a lot of money into a program to try to do just this.  Hundreds signed up for @ ~$18.00/hr fruit picker jobs but only a small handful stayed on after working a day.  They preferred an easy min wage job.  Maybe the wage is the issue, but at what point can farmers be competitive with imports from other countries?  They are already heavily subsidized.


"Yes, that's all they do.  It's effectively an ""automatic saving/investing"" program.  Bank of America does something similar with ""Keep the Change"", transferring the leftovers from checking to savings. The basic concept here is that people are lousy at saving, so if you put money into savings/investments in some way that is not in your control, it will be better than if you do it under your control even if it costs something because you're going to spend whatever your checking account balance is - so if that balance is artificially reduced, you'll not spend that money and instead have it in savings.  This may be effective for some people, I don't know.  Not something I would touch with a ten foot pole."


Not a lot. A few thousand. Enough to put food on the table. It has come in handy for me for other reasons as well, but nothing as dramatic as that. When the real economic crunch hit I had about $10K in case there was a run on the banks.


dyslexia is tied into being good at math, music, and science. When nasa was in full swing they hired almost exclusively dyslexic people because they always ended up being better engineers.  Aspergers is autism, just a sub in the umbrella. Again, makes them specialize at something so they end up being really good in a specific advanced job.  Adult ADD (again talking about adults not kids) makes it so they can only concentrate on what they want to concentrate on. This makes them excel in a specific skill. ADD does not tie into engineering like the others though. One with ADD tends to excel in anything they enjoy, and not specifically the math, science, engineering, music, ... spectrum.  People who are autistic are often more efficient when it comes to learning what they want. This is why above I mentioned geniuses being able to skip steps: They often can learn it faster and better than the average person.  The only reason it is even thought of as a 'disability' is because people like that are less social than normal people. They would rather be doing something instead of watching TV and zoning out.


"Strange, it works for me... Here's the only part that matters:  > In September 2016, a managing director at Barclays’ New York office sent an email — seen by the Financial Times — explaining that the two banks “have agreed to a 1-year ban on hiring any JPMC employee by Barclays” in key areas such as in corporate and investment banking.  > The email, sent to more than 20 senior colleagues, goes on to say that following a review of pending offers by Barclays to JPMorgan staff, one “unfortunately will be pulled from Wealth UK”.  > However, five days after the initial email, the same New York-based Barclays managing director sent a six-line message, telling recipients to disregard the original email.""  So basically all just conjecture as to which email was their ""real"" stance on the poaching issue - Was the first one the real thing and the second just a CYA; or was the first one a huge mistake by a managing director, and the second probably included the phrase ""will be spending more time with his family""?"


Top comment in thread is about suing for an idea you haven't patented if they steal it  If there's an NDA you can kinda sorta do that. I'm not saying this alone was the breach, it's about if his idea was stolen.


I agree, and admit that I probably assumed a bit too much context.  >hate group exists for a specific hateful purpose, whereas a country does not  I agree, but PayPal *is* into taking highly-publicized regional action based on social and political issues. For example, consider the transgender bathroom rights issue taking place in North Carolina last year. Not even close to every resident of the State supported it, yet PayPal made State-level decisions based on it—such as their choice  to pull out of plans for a new global headquarters in Charlotte, NC. See here:  http://money.cnn.com/2016/04/05/technology/paypal-north-carolina-lgbt/index.html  If all residents in Saudia Arabia don't believe in discrimination, and therefore PayPal doesn't exclude business with the country as a whole :: Then all residents of NC not agreeing with another form of discrimination shouldn't exclude business from NC as a whole—yet it did.  The difference? PayPal isn't going to lose a recurring amount of money by moving their operations to a different State, especially when they haven't really laid down too much sunk cost. Cessation of payment processing, on the other hand, would have had an impact on their bottom line.   They like to flex their Political and Social Opinion, but seem to be very cost-effective in how they choose to do so. I respect them for taking initiative to use their influence to impact the world in a way they see most-fit, but I also believe that many people over-applaud or over-blame them. PayPal isn't risking business for causes in the same way that a soldier might risk their life for a cause—they're only risking their reputation like a Politician might in openly supporting or opposing a war.


"At no point is it ever a good idea to ""stop making payments to show them [you] mean business"". When you signed up for the credit card account, you agreed to pay what you charged, and any applicable interested accrued on the accounts. You are legally responsible for that debt, and you can be sued, if they are so inclined. Many times, settlement agencies are employed because a risk assessment operator (or whatever they're called at your cc company) calculated that they are currently financially better off settling for a reduced balance than attempting to chase you for the full amount. As soon as the terms of your refinance hits your credit history, that changes. To reiterate and make it clear: This is a very dangerous approach to breaking credit card debt, and I would not advise that anybody proceed with it. EDIT: If you offer 50% of the balance in a lump sum payment, they decline, and you continue with non-payment, they have reason to believe that you are financially capable of making payments, and are much more likely to seek legal action."


If someone invest certain amount on my company and after a year I am   able to return the exact capital with the profit, what will I do to   that investor?  Did the investor receive shares in the company for the money that was invested in the company? This is the big question here as if so then there isn't the need to return the money but rather grow the business so that the investor's shares are worth more. Will that person still invest in my company?  You may need to consider what you mean by invest as generally there are a couple of ways to finance a business: Equity - Ownership of the company is sold to raise money to run the company. Debt - The company is lent money that is to be repaid over time. Investing is usually the first case not the second. What if I have enough profit to continue my business, do I still need   that investor? You wouldn't need the investor. However, you may want that investor as they could provide more funds, connections or other benefits to the company that may be worth considering here.


Oops, sorry, I forgot, but yes, you did say that it was MIT.  I've never heard about a school owning apartments, just dorms, and I'm in California and know nothing about MIT except it's a high-end school in Mass. somewhere, a place I've never been.  Oh, I've also heard of Harvard.  :)  Here in California, I don't know if schools would get away with that.  Certainly not at Berkeley.


The donor might need to pay gift tax if they give money directly to you. Paying the tuition on your behalf (giving the money directly to the school) is exempt from gift tax. But that's not your problem, it is the donor's. There's no tax on receiving gifts, and you're not forbidden to receive gifts by virtue of being on a visa.


"says the [Congressional Budget Office](http://www.cbo.gov/ftpdocs/96xx/doc9688/MainText.3.1.shtml#1089499):  > CBO estimated the Army’s total costs at $88 million to maintain 1.2 units at home station and $110 million to have 2.0 units at home station for each deployed unit (see the table above). Those costs bracket Blackwater’s total cost of $99 million to perform the same security function.   This was directly comparing contractors to military. The contractors are, long-term, cheaper because we do not intend (or at least should not intend) to maintain military presence indefinitely. Police forces or waste removal are not things that will go away, to replace those would make little difference. Please read the entire section of the linked *evidence* before your respond with any more grey lady propaganda.   > “Part of the problem with doing studies like this is the lack of data about what the government pays contractors,” he said.  we don't have enough evidence to make any valid conclusions, but that's not gonna stop us from doing it anyway.  edit:  Steven Shooner on May 19, 2005: There's a number of episodic studies since, but there has not been a compelling case made that government outsourcing, particularly this type of outsourcing, saves money.""  CBO on August 2008:This paper, which covers the period from 2003 through 2007, provides an overview of the federal costs of employing contractors in Iraq and in nearby countries, the type of products and services they provide, the number of personnel working on those contracts, comparisons of past and present use of contractors during U.S. military operations, and the use of contractors to provide security.  He may have been right at the time, but the CBO has now done a comprehensive study of contracting in that situation. read the paper. Contractors aren't a cure all and the implementation lacked effective oversite (included in the paper) but it is cost effective"


Absolutely. Courting controversy is how I get my message out to people who'd otherwise never hear it. People can call me anything they want, as long as they're talking about my message.  I'll still rebut it though, for the benefit of the lurkers.


Bull fucking shit. My sister was shot in the neck in fells point.   Look at the fucking crime statistics. It has nothing to do with the wire.   I lived in Baltimore for 29 years before moving to Boston. It's night and day.   You're blaming my 29 years of personal experience on a fucking television show? Go to hell.


>Unskilled Nigerians make 1,000% more.   So at about $2k per year (x10 for the Nigerian bonus listed in the article) x200MM for Nigeria's population, we end up with an approximately $4 trillion annual boost to the US economy by putting all of Nigeria into the United States. Shit! Why haven't we been doing this before?  Favorite line from the article: >If something seems too good to be true, it probably is not actually true.


"What do you mean by ""interfering"" ? It sounds like you are making a negative judgement on gov controls. *Unbridled* capitalism is toxic - this is why America is a mess. Go read Adam Smith.  Other western countries have tight controls over healthcare .. and they get a better quality product at an affordable price."


"Right?  I was like ""how the hell can they possibly prevent that?"" Then, when I saw that it occurs when using their in-store WiFi I was like ""who the hell bothers to connect to WiFi in a grocery store?""    I, personally, make it a point to never connect to any public WiFi at all for security reasons.  If I don't have good enough cell service to comparison shop I take pictures of the tags and do it outside.  Again, though, why would I ever comparison shop at a grocery store?  I'm talking more about a couch or something."


"If he DOES get money, the minimum amount of time will be 20-25 years from now.   The money comes from the IRS and has to be signed off by a bunch of elected folks AND has to be pushed by the individual agent.  Everybody will see multi-millions as ""too much"" and opt for something reasonable."


AuDatingSites is the best dating website in the Australia. Here you can find the private contact for men or women dating. Our website goal is to allow to contact which want to date with each other. If you want to escapade with an unknown person, then you can visit our company website and create your profile. We provide a passive connection between the online publication and distribution of the profile and other information.


The way I see it is - we do know that meat production is inefficient and resource intensive. It is more environmentally damaging than alternatives, and there is something to be said for killing tens of billions of animals of a year when it is in fact not necessary.   So even if low carb - or high meat diets did have similar health benefits to vegan diets when done ‘right’ it still isn’t a logical diet for a large population to follow because of its wider implications.


You work backwards. A top-down budget. i.e. 'bottom-up' is to list what you want, and perhaps find that there's nothing left for retirement savings, top-down divides from your gross income down to each expense. Say you make $60000/yr, $5000/mo. $1250 is about what you can spend on housing. You can go with the smallest apartment you can tolerate, a tiny 2 BR with roommate, or get the biggest apartment or house you can afford for this money.  In the end, this question may be closed as 'opinion-based.' It's not simple to answer and it's more about your own preferences. Quality of life is more than your house/apt size. I've known people who lived in tiny spaces, and used public transportation, but took 3 week-long trips each year. Others who lived in big houses, drove fancy cars, and somehow when their first kid entered high school, realized they had saved nothing for college.  Decide on your own priorities and tilt the budget to reflect that.


Perhaps something else comes with the bond so it is a convertible security. Buffett's Negative-Interest Issues Sell Well from 2002 would be an example from more than a decade ago: Warren E. Buffett's new negative-interest bonds sold rapidly   yesterday, even after the size of the offering was increased to $400   million from $250 million, with a possible offering of another $100   million to cover overallotments. The new Berkshire Hathaway securities, which were underwritten by   Goldman, Sachs at the suggestion of Mr. Buffett, Berkshire's chairman   and chief executive, pay 3 percent annual interest. But they are   coupled with five-year warrants to buy Berkshire stock at $89,585, a   15 percent premium to Berkshire's stock price Tuesday of $77,900. To   maintain the warrant, an investor is required to pay 3.75 percent each   year. That provides a net negative rate of 0.75 percent.


I'll have to read the discussion.    I did mean owed.  A quick reading of the decision seemed to indicate that the law they were considering was for 3rd party debt collection agencies.  They decided that if the company was directly owed the money, they weren't under that law.   If it was a unanimous decision it seems like there must have been something pretty obvious about it.  Thanks for the link to the discussion.


There is no advantage to using one type of account or the other if you are in the same tax bracket at retirement that you are in during your working years. However, for tax planning reasons, it is good to have some money in both a Roth and a traditional IRA plan.  JoeTaxpayer has often advocated a good rule of thumb to use a Roth when your tax bracket is 15% or lower, and use a traditional account when in the 25% bracket or above. The reason for this rule of thumb is that you are less likely to be in the higher tax bracket when you are living off retirement savings unless you put away an awful lot of money between now and then. If you are making enough money to be paying a 25% marginal rate on some of the money you would be putting away for retirement, then by all means, put all of that money in a traditional 401k. If after contributing that portion of your savings taxed at the higher rate, you still have money to put away for retirement, put the rest in a Roth and pay the 15% taxes on it. When you are younger, it is likely that you are making less than you will a few years hence, and it is also likely that a larger portion of your income will be paying tax deductible interest on a mortgage. If those are true for you, then by all means, use the Roth. That was true of me when I was single and just getting started. When you do finally retire, it is possible that the tax brackets will be increased to match inflation, and if so, then there is no benefit to having tax free money at retirement vs. paying taxes on deferred accounts, but there is also usually more flexibility in when to spend money. You may find that you have a year where you have to spend a lot, so it is good to be able to pull money out without it increasing your marginal rate for that year, and other years where you spend relatively smaller amounts, and you can withdraw taxable money and pay a lower rate on that money. No one knows what the tax code will look like in 40 years, but having some money in each type of account will give you flexibility to minimize your tax bill at retirement.


That is how they got their real start and it's well covered in The Founder (great movie by the way, and on Netflix) but nowadays I suspect McDonalds does not always do this, especially when you consider how many franchises are inside malls or Walmarts or gas stations, owning this real estate would be impossible.


"In general, small cap stocks are exposed to more downside during recessions and when credit is tight, because it is more difficult for small companies to raise capital, and minor variations in cash flow have a bigger impact. Coming out of recessions or when credit is cheap, small companies generally perform better than larger companies. In the depths of recession, small companies with good cash flow are often great value investments, as analysts and institutional investors ""punish"" the entire class of smallcap companies."


Add to this that every argument is incredibly generalized with almost no proof or support. I could think of 10 companies that this article could apply to off the top of my head, one being Apple. That said there are as many companies that fall under these same traits that have remained successful.   Maybe it's just really hip to trash talk Microsoft and Forbes is looking to cash in.


You can always take deduction for foreign tax paid on Schedule A, or calculate foreign tax credit using form 1116. Credit is usually more beneficial, but in some cases you will be better of with a deduction. However, in very specific cases, you can claim the credit directly on your 1040 without using the form 1116. Look at the 1040 instructions for line 47: Exception.   You do not have to complete Form 1116 to take this credit   if all of the following apply. All of your foreign source gross income was from interest and dividends and all of that income and the foreign tax paid on it were   reported to you on Form 1099-INT, Form 1099-DIV, or Schedule K-1 (or   substitute statement). The total of your foreign taxes was not more than $300 (not more than $600 if married filing jointly). You held the stock or bonds on which the dividends or interest were paid for at least 16 days and were not obligated to pay these   amounts to someone else. You are not filing Form 4563 or excluding income from sources within Puerto Rico. All of your foreign taxes were: Legally owed and not eligible for a refund or reduced tax rate under a tax treaty, and Paid to countries that are recognized by the United States and do not support terrorism. For more details on these requirements, see the Instructions for   Form 1116.


Gift taxes kick in at around $13K per giver per recipient per year. That means that a straight up gift of $200K (as cash or a house) will incur a tax. It is possible, however, that if the father has a spouse, he and the spouse could each give the mother and each child the full gift limit, for a total of about $78K per year, and that money could be used by all 3 of them to buy the house jointly, over a couple of years. I think the children would have to be on the title, since part of the gift money would be theirs (and one is an adult). As far as lending the money, my in-laws are our mortgage lenders, and when we structured the loan, it had to be at a market rate (which could be the lowest advertised rate we found for a fixed-rate mortgage, independent of what we might actually qualify for) or we could not deduct interest payments. Forgiving the loan could also be considered a gift, so they would need to keep an audit trail showing that payments were made, and her father would need to declare the interest income on his taxes. If he bought the house as a second home and let her and her children live there rent-free, it might work, but I'm not sure. It would, in that case, be an asset of his estate when he dies. I don't know anything about structuring it as a trust. Free rent could conceivably also be construed as a gift, subject to the limits stated above. Disclaimer: Not a tax professional.


"Great question!  A Yield Curve is a plot of the yields for different maturities of debt. This can be for any debt, but the most common used when discussing yield curves is the debt of the Federal Government. The yield curve is observed by its slope.  A curve with a positive slope (up and to the right) or a steepening curve, i.e. one that's becoming more positively sloped or less negatively sloped, may indicate several different situations. The Kansas City Federal Reserve has a nice paper that summarizes various economic theories about the yield curve, and even though it's a bit dated, the theories are still valid. I'll summarize the major points here. A positively sloped yield curve can indicate expectations of inflation in the future. The longer a security has before it matures, the more opportunities it has to be affected by changes in inflation, so if investors expect inflation to occur in the future, they may demand higher yields on longer-term securities to compensate them for the additional inflationary risk. A steepening yield curve may indicate that investors are increasing their expectations of future inflation. A positively sloped yield curve may also reflect expectations of deprecation in the dollar. The publication linked before states that depreciation of the dollar may have increased the perceived risk of future exchange rate changes and discouraged purchases of long-term Treasury securities by Japanese and other foreign investors, forcing the yields on these securities higher. Supply shocks, e.g. decreases in oil prices that lead to decreased production, may cause the yield curve to steepen because they affect short-term inflation expectations significantly more than long-term inflation. For example, a decrease in oil prices may decrease short-term inflation expectations, so short-term nominal interest rates decline. Investors usually assume that long-term inflation is governed more by fundamental macroeconomic factors than short-term factors like commodity price swings, so this price shock may lead short-term yields to decrease but leave long-term relatively unaffected, thus steepening the yield curve. Even if inflation expectations remain unchanged, the yield curve can still change. The supply of and demand for money affects the ""required real rate,"" i.e. the price of credit, loans, etc. The supply comes from private savings, money coming from abroad, and growth in the money supply, while demand comes from private investors and the government. The paper summarizes the effects on real rates by saying Lower private saving, declines in the real money supply, and reduced capital inflows decrease the supply of funds and raise the required real rate. A larger government deficit and stronger private investment raise the required real rate by increasing the demand for funds. The upward pressure on future real interest rates contributes to the yield curve's positive slope, and a steepening yield curve could indicate an increasing government deficit, declines in private savings, or reduced capital coming in from abroad (for example, because of a recession in Europe that reduces their demand for US imports). an easing of monetary policy when is economy is already producing near its capacity ... would initially expand the real money supply, lowering required short-term real interest rates. With long-term real interest rates unchanged, the yield curve would steepen. Lower interest rates in turn would stimulate domestic spending, putting upward pressure on prices. This upward price pressure would probably increase expected inflation, and as the first bullet point describes, this can cause long-term nominal interest rates to rise. The combination of the decline in short-term rates and the rise in long-term rates steepens the yield curve.  Similarly, an inverted yield curve or a positively sloped yield curve that is becoming less steep may indicate the reverse of some or all of the above situations. For example, a rise in oil prices may increase expectations of short-term inflation, so investors demand higher interest rates on short-term debt. Because long-term inflation expectations are governed more by fundamental macroeconomic factors than short-term swings in commodity prices, long-term expectations may not rise nearly as much as short term expectations, which leads to a yield curve that is becoming less steep or even negatively sloped. Forecasting based on the curve slope is not an exact science, just one of many indicators used.  Note - Yield Curve was not yet defined here and was key to my answer for What is the ""Bernanke Twist"" and ""Operation Twist""? What exactly does it do? So I took the liberty of ask/answer."


"Google Docs spreadsheets have a function for filling in stock and fund prices.  You can use that data to graph (fund1 / fund2) over some time period. Syntax: =GoogleFinance(""symbol"", ""attribute"", ""start_date"", ""num_days|end_date"", ""interval"") where: This analysis won’t include dividends or distributions. Yahoo provides adjusted data, if you want to include that."


I am not exactly sure what the true motivation of your question is as to give you a really helpful answer. But yes, sender data (name of the sending account holder) is always provided. Everything else would open the door to money laundering.


Indeed - the math. I bought my car 6 years ago. It was an ex showroom model (not demo) so came fully kitted and with a decent discount. I had the cash, but the salesman wanted me to take financing on half of the price *and gave me a discount* so that I would. It was a 3 year loan at a very low rate and was therefore lower than the cash price I had gotten. So I took the deal. I can only assume he was getting better commission rates for financing than he was selling cars. Either way, worked out for me.


"Lots of people make poor decisions in crises.  Some panic, and don't make any decision at all. Insurance for affordable things can provide emotional security:  If something goes wrong, the purchaser will not have to make a painful financial decision in a crisis.  Many people do not want to have the burden of arguing about money, or having to spend precious cash, or borrow money, or raid savings accounts, just at the time they are already reeling from another loss.  Having insurance ""just take care of it"" can save them an emotional double-whammy.   Several kinds of insurance fill this perceived need:"


What?!!! how dare you sir!!! how dare you!!!  I'll have you know that the Fed and the Treasury has their back, not to mention Goldman and a number of other banks . . .you know finance is their thang . . .and if you say anything at the UN, you will find your 401K being used as toilet paper in an illegal settlement  . .and you will be on food stamps . .then they will kick you in the balls and yell terrorist  Woohoooo!!! . .Krav Maga . . .Shekel as a global reserve currency!!! WoooHoooo


"There are probably many correct answers to this question, but for most people, the main reason is qualified dividends. To be a qualified dividend (and therefore eligible for lower tax rates), the dividend-paying stock or fund must be held for ""more than 60 days during the 121-day period that begins 60 days before the ex-dividend date"". Since many stocks and funds pay out dividends at the end of the year, that means it takes until mid- to late February to determine if you held them, and therefore made the dividend qualified. Brokerages don't want to send out 1099s in January and then possibly have to send out revised versions if you decide to sell something that paid a dividend in December that otherwise would have been qualified."


you can start by realizing you usally don't lose permenantly investing, the stock may go down temporarily, but unless the stock is absolute shit it will be worth A LOT more 5 years from now, and will bounce back pretty soon, you only lose if you buy high and then SELL low


My assumption was given the amount of supply from Russia to Europe limited, the price would rise, as it mostly happens when there is a disruption in any of the producing countries in the world. As you also mentioned we don't know his 10 O&G stocks and I'd expect mixed reaction instead of one direction mov't. But I still agree with your point.


I'm going to assume that you will spend the money to fix the mold problem correctly.  Using your numbers, after that is done, the home is worth perhaps $280k. To evaluate whether or not to sell, the amount you have spent on the house is irrelevant. The only thing you need to ask yourself is this: Would I spend $280k to buy this house today? You might, if you were happy with the rental income that you were getting. If the house is fully rented, it earns you $24k/year, which is an 8.6% return if you had purchased the house today at $280k. Of course, you will have vacancies, taxes, and other expenses bringing that return number down. Figure out what that is, and see if you are happy with the return based on those numbers.  If you decide it would be a bad investment for you at $280k, then sell the house.  By the way, this question works for any investment, not just real estate. When deciding whether or not to sell stock, the same thing applies. It is irrelevant what your cost basis is. You only need to ask yourself if the stock would be a good buy for you at the current price.


"You might convert all your money in local currency but you need take care of following tips while studying abroad.Here are some money tips that can be useful during a trip abroad. Know about fees :- When you use a debit card or credit card in a foreign country, there are generally two types of transaction fees that may apply: Understand exchange rates :- The exchange rate lets you know the amount of nearby money you can get for each U.S. dollar, missing any expenses. There are ""sell"" rates for individuals who are trading U.S. dollars for foreign currency, and, the other way around, ""purchase"" rates. It's a smart thought to recognize what the neighborhood money is worth in dollars so you can comprehend the estimation of your buys abroad.  Sites like X-Rates offer a currency converter that gives the current exchange rate, so you can make speedy comparisons. You can utilize it to get a feel for how much certain amount (say $1, $10, $25, $50, $100) are worth in local currency. Remember that rates fluctuate, so you will be unable to suspect precisely the amount of a buy made in a foreign currency will cost you in U.S. dollars. To get cash, check for buddy banks abroad:- If you already have an account with a large bank or credit union in the U.S., you may have an advantage.  Being a client of a big financial institution with a large ATM system may make it easier to find a subsidiary cash machine and stay away from an out-of-system charge.  Bank of America, for example, is a part of the Global ATM Alliance, which lets clients of taking an interest banks use their debit cards to withdraw money at any Alliance ATM without paying the machine's operator an access fee, in spite of the fact that you may at present be charged for converting dollars into local currency used for purchases.  Citibank is another well known bank for travelers because it has 45,000 ATMs in more than 30 countries, including popular study-abroad destinations such as the U.K., Italy and Spain. ATMs in a foreign country may allow withdrawals just from a financial records, and not from savings so make sure to keep an adequate checking balance. Also, ATM withdrawal limits will apply just as they do in the U.S., but the amount may vary based on the local currency and exchange rates. Weigh the benefits of other banks :- For general needs, online banks and even foreign banks can also be good options.  With online banks, you don’t have to visit physical branches, and these institutions typically have lower fees. Use our checking account tool to find one that’s a good fit. Foreign banks:- Many American debit cards may not work in Europe, Asia and Latin America, especially those that don’t have an EMV chip that help prevent fraud. Or some cards may work at one ATM, but not another. One option for students who expect a more extended stay in a foreign country is to open a new account at a local bank. This will let you have better access to ATMs, and to make purchases more easily and without as many fees. See our chart below for the names of the largest banks in several countries. Guard against fraud and identity theft:- One of the most important things you can do as you plan your trip is to let your bank know that you’ll be abroad. Include exact countries and dates, when possible, to avoid having your card flagged for fraud. Unfortunately, incidents may still arise despite providing ample warning to your bank. Bring a backup credit card or debit card so you can still access some sort of money in case one is canceled. Passports are also critical — not just for traveling from place to place, but also as identification to open a bank account and for everyday purposes. You’ll want to make two photocopies and give one to a friend or family member to keep at home and put the other in a separate, secure location, just in case your actual passport is lost or stolen."


The perfect conditions to sell a business are when it is very valuable (lots of profit each year) and you've lost interest in growing it any further. Also if you're in a particular industry when everyone is dying to get into that industry (like the dot com bubble) those are perfect conditions to sell. Other things like low interest rates and excess M&A capital might contribute to good conditions, but the two cases above are perfect conditions.


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"Alright, I know a lot of people do see it as being wrong, and some have tried to pull a ""government motors"" sort of thing with Tesla, but it's really not correct to do so, so I tend to overreact a bit when I hear any suggestion that that be the case.  By the way, I should say that ""Elon says"" the government loan didn't save the company.  Maybe it did and he's just saying that for PR purposes, but he has been honest in the past about when the company has been near-death, so I'm willing to trust him on this one when he says this wasn't a near-death experience - especially after hearing the story of the Mercedes investment which Elon has told in a few interviews.  The Roadster did make money overall, but it was all spent on S development, as had been the plan all along (which is why Tesla didn't show a profit on the books, because it went into R&D/capex).  The loan definitely helped make the S happen faster, but I feel it probably would have happened anyway, just maybe a year or two later or something.  I also do encourage you to drive one if you can, it's a great thing to try :-)"


"This is another version of an old scam -- ""let me have a check deposited in your account because I can't open one for some reason, and I'll share some of the money with you.""  Here the scammer is promising to ""start a business"" with you as a way to gain your confidence and trust. The first danger sign is that you only know this person from online.  They are not someone you are friends with in the ""real"" world.  They could be anybody.   They used the name of a big company as a way to make what they're doing sound legitimate, but it's all a fraud.  They could be depositing a faked Exxon check into your account, which could land YOU in huge trouble. Here's the thing -- The only way Exxon (or any other company) can deposit money in a bank under someone's name is if that person provides the account and routing numbers to an account that already exists.  No company can just create an account in another person's name.  That's Hollywood movie stuff, but it's not how banking works.  To open an account, the bank would need identification on the account holder, so your ""friend"" already has an account if Exxon has allegedly deposited money.  Further, Exxon isn't going to take back money that has already been deposited.  In fact, they can't take it back.  If the account is in his name, they can't do anything to the account or with the account.   This is a situation you should run away from and never look back.  Nothing about this story sounds right or legitimate, but this is one of the oldest scams out there since the beginning of the Internet. You would be well advised to stay VERY far away from your supposed friend, because they're anything but your friend.  You are being SCAMMED.  Don't be a victim.  Stop communicating with this person immediately, and DON'T give them any personal information of any kind.  They're crooks! I hope this helps. Good luck!"


Not sure if you missed the point or just pointing out the competitive nature of Buffett. Probably the latter, but I'll explain anyway. 100B in cash lies around doing nothing and gaining no returns so it pulls the overall returns of his fund down. Thats what he doesnt want.


The bank number is part of the IBAN number, so the SWIFT code is actually redundant. It is still required for international payments because every country has its own payment infrastructure. The SWIFT code helps to route it to the correct region without having to know every single bank in that region. It is usually not needed for national payments, but banks ask for it anyway so that both national and international payments follow the same process.  When you enter a wrong SWIFT, then this is what will happen: When the SWIFT code does exist, then: In the internet age, it should be possible for all of this to happen within seconds, but it will still take a few days because... reasons. IBAN numbers are globally unique, so when you entered the correct IBAN there is no chance that the money will arrive on a different account than you intended to (Also, the first two digits after the country code are a checksum, so when you accidently make a typo while entering an IBAN, there is a 99% chance that this will be detected automatically).


Actually, the majority of people that work at Costco do make over $20 an hour because they have been there long enough. The benefits and the vacation time, sick, and personal time.. Company stock and 401(k). Why wouldn't you stay?


"Nobody can give you a definitive answer.  To those who suggest it's expensive at these prices, [I'd point to this chart](http://treo.typepad.com/.a/6a0120a6002285970c014e8c39f2c3970d-850wi) showing the price of gold versus the global money supply over the past decade or so.  It's not conclusive, but it's evidence that gold tracks the money supply relatively well.  There might be a bit of risk premium baked in that it would shed in a stable economy, but that premium is unknowable.  It's also (imo) probably worth the protection it provides.  In an inflationary scenario (Euro devaluation) gold will hold its buying power very well.  It also fares well in a deflationary environment, just not quite as well as holding physical currency.  Note that in such an environment, bank defaults are a big danger: that 50k might only be safe under your mattress (rather than in a fractionally reserved bank account).  If you're buying gold, certificates aren't exactly a bad option, although there still exists the counterparty risk of the agent storing your gold, as well as political risk of the nation where it's being held.  Buying physical bullion ameliorates these risks, but then you face the problem of protecting it.  Safe deposit boxes, a home safe, or burying it in your backyard are all possible options.  The merits of each, I'll leave as an exerice to the reader.  Foreign currency might be a little bit better than the Euro, but as we've seen in the past year or so, the Swiss Franc has been devalued to match the Euro in the proverbial ""race to the bottom"".  It's probably not much better than another fiat currency.  I don't know anything about Norway.  Edit: Depending on your time horizon, my personal opinion would be to put no less than 5-10% of your savings in a hard store of value (e.g. gold, silver, platinum).  Depending on your risk appetite, you could probably stand to put a lot more into it, especially given the Eurozone turmoil.  Of course, as with anything else, your mileage may vary, past performance does not guarantee future results, this is not investment advice, seek professional medical help if you experience an erection lasting longer than four hours."


"As RonJohn points out, direct deposit is something very different.  What's going on here is that they are trying to exclude the ""customers"" that open the account simply for the premium and then close it again as soon as the terms of the offer have been met.  Most people have only one regular source of direct deposit money, either their paycheck or a retirement check.  This acts to make it hard for them to simply take the offer and run."


I suppose it depends on what you mean by replicate.  I don't take his meaning as to be able to create a brain with real neurons and such (this is actually possible*).  I take it to mean replicate the functionality of the brain as closely as possible.  I've been tracking the progress of the Blue Brain project which is attempting to do just this via software abstraction and simulation.  It's a lofty goal.  I like lofty goals.  I think they often accomplish more faster.  But having said that, I think trying to do this with hardware without the abstraction is even more difficult because as you say, we don't completely understand how the brain works.  It's much easier to write or adjust simulation code than it is to redo hardware.  Of course, the simulation route is less efficient but it's more flexible as new theories and information are generated, you just revise the simulation software.  *Have a baby or do something like this: http://www.physorg.com/news/2011-12-bioelectric-tadpoles-eyes-tail.html  edit: would someone mind replying instead of just downvoting?


"Recently, I asked about what the company valuation is and how many   shares does my 4% represent.CFO told me that there is no point to talk   about ""shares"" or ""stock"" since the company is not public. Is it   right? No, it is wrong. Shares and stocks exist regardless of how they can be traded. Once a company is formed, there are stocks that belong to the owners in the proportion of the ownership. They may not exist physically, but they do exist on paper. As an owner of 5% of the company, you own 5% of the company stocks. I asked if my investor portion equity will be subjected under a   vesting schedule, CFO said yes. That doesn't make sense to me, because   I bought those 4%? Aren't those supposed to be fully vested? I agree   to my employee equity to be vested. Doesn't make sense to me either, since your money is already in their pocket. But I'm not sure if its illegal. If that's what is written in the signed contract - then may be its possible to have that situation. But it doesn't make much sense, because these shares are granted to you in return to your money, not some potential future work (as the 1% employee's portion). You already gave the money, so why wouldn't they be vested? Best to read the contract upon which you gave them your money, I really hope you have at least that and not just gave them a check...."


"I put about that down on my place.  I could have purchased it for cash, but since my investments were returning more interest than the loan was costing me (much easier to achieve now!), this was one of the safest possible ways of making ""leverage"" work for me. I could have put less down and increased the leverage, but tjis was what I felt most comfortable with. Definitely make enough of a down payment to avoid mortgage insurance. You may want to make enough of a down payment that the bank trusts you to handle your property insurance and taxes yourself rather than insisting on an escrow account and building that into the loan payments; I trust myself to mail the checks on time much more than I trust the bank. Beyond that it's very much a matter of personal preference and what else you might do with the money."


Am I thinking correctly and can I do the 2 separate withdrawals? Yes. Is there anything else I'm missing?  Yes. For starters - instead of withdrawing 401k - why don't you take a loan out of it? This can be dangerous, but also can be beneficial - both for the same reason. The beneficial part is this: you don't pay neither the income tax nor the penalty on the amount you take out as a loan. I.e.: immediate saving of 35%. You can also get the full loan amount (up to 50% of the 401k balance) at once, no need to wait for the next year. You'll be saving on the difference on the APR between the credit card debt (which is usually huge) and the 401k loan (which is usually very low), and that will allow you to consolidate the debt and cover it quicker. The dangerous part is also taxes. In case you lose your job - you have to pay off the loan immediately (within 3 months). If you don't - the remaining balance will be considered as a taxable distribution and you'll owe the 25%+10% on them. But - if you don't lose your job, you win. And repaying the loan will revert your 401k balances back to the full amount, while with withdrawal - you cannot put it back (after 60 days are over, at least). So keep that in mind. Check with your 401k plan provider on the loan terms and costs (they'll charge some symbolic amount for managing the loan for you).


Meh, if someone picks it up and gives me a near identical replacement while they fix it, then deliver it back to me such that I'm out no money and no convenience, do I care?  You make a good point about raw numbers, but as an owner I can say the feeling is vastly different and nearly seamless.  And, we were only having the titanium shield added.


"Money market accounts, insured in the same way as other deposits, are strange hybrids of traditional bank deposits and bond mutual funds. Because of the high inflation of the 1970s, banks were starved of deposits and could not produce loans at sufficient rates.  For this reason, they desired a way to fund loans, and Congress enacted the Depository Institutions Deregulation and Monetary Control Act which permitted a new form of account that retained the functionality of a deposit account, such as checking and now electronic transfers, yet transferred the risk to the account thus most of the profit.  This allowed banks to fund each others' new loans through packaging them into asset backed securities to be held in these special accounts. As an added ""protection"", they are not permitted to carry a market value less than what's owed to depositors and are forcibly liquidated and paid in such event.  This is a rare occurrence because of the nature of the assets held: credit assets such as commercial paper, mortgages, and corporate bonds.  This is the opposite case of deposits because so long as a bank can maintain payments on its liabilities and satisfy a few other regulatory requirements, non-regulation satisfying assets could theoretically carry a zero balance, meaning that a bank could owe depositors more than what could be paid by liquidating all assets. Money market accounts will typically pay a higher rate because of their structure.  While inflation is low and immediate term interest rates set by the central bank are also low, the net figure will not appear high, but the ratio will be fantastic, usually something like 3x. The one downside to money market accounts is that withdrawals are restricted by frequency.  This is not such a problem as before since brokerages are now issuing debit cards tied to brokerage accounts, and excess money can be ""swept"" into money market accounts, bypassing the regulatory restriction. In short, money market accounts are currently a far better choice than traditional checking accounts but pay less than savings accounts."


"The Business Continuity Management standard BS 25999 is going to be replaced by the newly published ISO standard ISO 22301.   ISO 22301’s full title is: ‘Societal security - Business continuity management systems – Requirements’ and the International Organization for Standardization (ISO) defines the standard as:  ""...standardization in the area of societal security, aimed at increasing crisis management and business continuity capabilities, i.e. through improved technical, human, organizational, and functional interoperability as well as shared situational awareness, amongst all interested parties.""  The structure of the new ISO standard is very different to BS 25999 (technically BS 25999-2) however the basic elements of BS 25999-2 still exists in ISO 22301. The following briefly describes the similarities and differences between both standards"


Reddit was reportedly valued at $500mm nearly 3 years ago : https://venturebeat com/2014/09/08/reddit-reportedly-raising-50m-at-a-500m-valuation/  growing 3x in 3 years isn't unreasonable when you consider the size of Reddit's userbase and reach, and how small that initial valuation is relative to other companies


"**Regulation and licensure in engineering: Canada**  In Canada the designation ""professional engineer"" can only be used by licensed engineers and the practice of engineering is protected in law and strictly enforced in all provinces. The regulation and licensing of engineers is done through each provinces own engineering association which was created by acts passed by the provinces legislatures. There is also Engineers Canada which regulates undergraduate programs for engineering. The process for registration is generally as follows: Graduate with a degree from an accredited program in engineering or applied science, accredited by the Canadian Engineering Accreditation Board (CEAB).  ***  ^[ [^PM](https://www.reddit.com/message/compose?to=kittens_from_space) ^| [^Exclude ^me](https://reddit.com/message/compose?to=WikiTextBot&message=Excludeme&subject=Excludeme) ^| [^Exclude ^from ^subreddit](https://np.reddit.com/r/business/about/banned) ^| [^FAQ ^/ ^Information](https://np.reddit.com/r/WikiTextBot/wiki/index) ^| [^Source](https://github.com/kittenswolf/WikiTextBot)   ^] ^Downvote ^to ^remove ^| ^v0.24"


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"**Whataboutism**  Whataboutism is a propaganda technique formerly used by the Soviet Union in its dealings with the Western world, and subsequently used as a form of propaganda in post-Soviet Russia. When criticisms were leveled at the Soviet Union, the Soviet response would be ""What about..."" followed by an event in the Western world.  The term whataboutery has been used in British English since the period of The Troubles conflict in Northern Ireland. Lexicographers date the first appearance of the variant whataboutism to the 1990s, while other historians state that during the Cold War Western officials referred to the Soviet propaganda strategy by that term.  ***  ^[ [^PM](https://www.reddit.com/message/compose?to=kittens_from_space) ^| [^Exclude ^me](https://reddit.com/message/compose?to=WikiTextBot&message=Excludeme&subject=Excludeme) ^| [^Exclude ^from ^subreddit](https://np.reddit.com/r/business/about/banned) ^| [^FAQ ^/ ^Information](https://np.reddit.com/r/WikiTextBot/wiki/index) ^| [^Source](https://github.com/kittenswolf/WikiTextBot)   ^] ^Downvote ^to ^remove ^| ^v0.24"


For the truck, start out with getting magnetic signs made.  One for the front upper/ sides of the box and doors and potentially for the back door.  You can do this relatively cheap compared to a full out custom paint job.  Another option is just company and contact info in electrical tape.  The guy that commented saying give 5 business cards to every client is correct; I generate a lot of leads this way and get a lot of work.  I just freelance about doing whatever with a few main gigs but it's working for me so far.  Craigslist and simple door to door flyers are also a decent option.


The plumber will apply for and receive a refund of the amount of VAT he paid on the purchase amount.  That's the cornerstone of how VAT works, as opposed to a sales tax.  So for example: (Rounded approximate amounts for simplicity) Now, at each point, the amount between (original cost VAT) and (new VAT) is refunded.  So by the end, a total of £3 VAT is paid on the pipe (not £6.2); and at each point the business 'adding value' at that stage pays that much.  The material company adds £1 value; the producer adds £4 value; the supplier adds £5 value; the plumber adds £5 value.   Each pays some amount of VAT on that amount, typically 20% unless it's zero/reduced rated.  So the pipe supplier pays £1 but gets a £0.2 refund, so truly pays £0.8.  The plumber pays £3 (from your payment) but gets a £2 refund.   So at each level somebody paid a bit, and then that bit is then refunded to the next person up the ladder, with the final person in the chain paying the full amount.  The £0.2 is refunded to the producer, the £1 is refunded to the supplier, the £2 is refunded to the plumber.


"I got the ""yes we will price match"". Get to the register, oh sorry not for amazon. They have to have a store front.   Don't bother pointing out that, ya its on amazon, but its being sold by a company that has an store front."


"However, it also anti-correlates: advertising these features of their product lets them charge more, and the higher price means they can afford better inputs. And customers who are willing to spend extra money on ""natural"" are also more willing to spend extra money on taste."


Its good to have nuclear weapons, big ones, small ones, really really small ones and especially ones that can go a really really long way.  I guess the US is going to have to get used to Asians having a nuclear tipped dong   . . .damn . .a missile shield that don't work . . fuck . . seriously . . FUCK!!!


Paying off your student loan before buying a house is certainly a great risk reduction move for you. It will lower your debt to income ratio allowing your mortgage approval to go easier and it will free up more of your dollars to pay for the many miscellaneous projects that come with buying a house. I think that if you are considering paying off your student loan before buying a house that means that your student loans are an amount you can fathom paying off and that you are motivated to be rid of your student loan debt.   Go for it and pay off your student loan.


Uh...no, you didn't.  >I wish I   You're talking about you, here, not businesses or corporations.  >didn't have to pay taxes if I had less in the bank at the end of the year than at the beginning.  You're talking about not having any money and not having to pay tax.  What *I* said was that a corporation can very well have *no* money and have to pay tax.  A corporation's level of cash has no more bearing on its liability to pay taxes than does yours.


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In the US you can get a home warranty when you buy a house that will cover major repairs for the first few years of owning a home.  The costs vary based on age and the results of the home inspection.  Ours cost ~$250 a year.  This was put into our closing costs.  Unfortunately this market does have some disreputable companies that come im with prices that seem too good to be true.  As is usually the case they are.  Do research on the company you are getting the home warrenty from to make sure you are dealing with a reputable company that will honor its commitments. By having 20% down you will avoid needing Mortgage insurance which will save you a considerable amout.  My PMI cost me about $70 a month. However once you get to 20% equity in your home the pmi drops off.  So if you can put down 15% you should be able to get out from under your pmi in a few years if you want to keep that 5% cushion while making extra payments. The question is how much do you feel you need.  So far owning a 70 year old home my extra maintence costs have been around 2500 a year.  But they seem to be in 1k chunks every 4 or 5 months.


For Option 2 - do you really think you can guarantee an average return of 8% here. Historical returns are no guarantee of future returns.  Even if you could get higher returns for option 2 than the interest rate on the mortgage, are you able to cover all the additional fees with the PMI in placing such a low down payment? The wiser choice in my opinion would be to chose option 1.


All mutual funds disclose their investments, funds are large cap only or midcsp etc. So it depends on what funds you choose.


I know I'm late to the party, but a couple of rebuttals as a recent bitcoin advocate. I may be out of place in this subreddit as I come from a primarily technological background, not a financial one.   > Bittcoin is not a currency, it's a store of value, because it is not widely accepted as tender by most people.  Bitcoin is not a currency *yet*, but because it does not have widespread adoption *yet*. Like other revolutionary technologies, there is an [inflection point](https://medium.com/@mcasey0827/speculative-bitcoin-adoption-price-theory-2eed48ecf7da) where adoption goes from hardly anyone to almost everyone very quickly. [Example chart](https://cdn-images-1.medium.com/max/1600/0*E4eb7wxHinGNdYQq.)  >Even as a store of value, it's not very good. It's volatile and the fact that there is a limited supply of bitcoin is not a good thing. Sure, in the short run it results in speculation that drives up the price of a coin and makes it all the rage among gamblers but I don't think anyone can explain how, if used on a larger scale, wouldn't lead to deflation in the price of goods.  To me, this is basic supply and demand, and it would in theory become less volatile and more stable following mass adoption. Bitcoin has virtually no inflation, and I agree that this could lead to the deflation of goods, but only insofar as that valuation is determined in bitcoin. For example, milk is still $2, but as the value of bitcoin fluctuates, I may pay .001 BTC or .0005 BTC for that milk. It's important to remember we're dealing with a digital asset in an increasingly more digitized world, a point-of-sale device like we use for credit cards could certainly tackle that conversion in the future.   >Also, at the end of the day, fiat currencies are based on trust and accountability of the government. How does Bitcoin or any other online currency solve that problem? There's no accountability, and it effectively acts as as an anti-currency, fueled by mistrust in the establishment.  This is the best part of bitcoin, understanding the incentives. If you follow that supply and demand logic, then it is in the best interest of *everyone who uses bitcoin* that the bitcoin software and the system itself be reliable and secure. The software is open source so anyone can see how it works and where its flaws and weaknesses are - and it is still standing strong after 8 years. The biggest weakness so far has been in software updates and changes to the core protocol. Without any central structure (i.e. accountability) it can be slow to reach a democratic consensus is such a way that doesn't split the blockchain or fracture the network. This has led to some of the recent extreme volatility.   Bitcoin (and some other cryptocurrencies) have tremendous potential to disrupt existing financial institutions. The private blockchains peddled by banks are at this point [just databases](https://www.youtube.com/watch?v=SMEOKDVXlUo&index=2&list=LL7mI3EyFeE83Ac-VtxNUhxA). At some point, these institutions will realize that they can't create their own Facebook, they need to find ways to become part of the new Facebook market.


"The complaint isn't based on facts. It's based on pure protectionism. Boeing doesn't even build this class of airplane. **The Bombardier C-series would compete with the 717 which Boeing hasn't built in over ten years**.   >*""In the Delta Air Lines deal, the airline began talking with Boeing about used E-190s and used Boeing 717s. Boeing had 19 E-190s to dispose of, having committed to take them in on trade as part of an order with Air Canada for the 737 MAX. Delta purchased the 19 E-190s, but rejected the 717s because none was available during the period it required and there were not enough used 717s in any event. Delta called the 737-7 MAX uneconomical vs CSeries, rooted in 1960s design and an inefficient shrink.""*  >*""Delta testified Boeing never offered any new-build aircraft because Boeing doesn’t have an offering in the 100-125 seat sector and it didn’t have any available delivery positions in the period required.""*   Ironically, Boeing holds the **[#1 spot on the most heavily subsidized companies in the US list](https://subsidytracker.goodjobsfirst.org/top-100-parents)**, so even if their allegations were true, for Boeing to suggest that another company benefits from subsidies is a case of a very, very, very large pot calling a teeny-tiny kettle, black.     To respond in kind to Boeing and the Trump administration, the Canadian government should be **cancelling it's $5,800,000,000 Boeing Super Hornet** order and exert pressure on other Aerospace deals. Perhaps a 300% import tax would convince **[Air Canada to dump its $6,500,000,000 order for 61, Boeing 737 Max airplanes?](http://www.cbc.ca/news/business/air-canada-orders-61-boeing-737-max-jets-1.2460560)** You know, to be fair because Boeing is heavily subsidized and all...    Lastly, Lockheed Martin might be interested in following this Aerospace “tit-for-tat” trade war. **Canada’s involvement in the F-35 JSF program** has not been popular at home and **represents another $50,000,000,000 planned spend that could very easily be called cancelled.**"


For reference see this article.  This article does an okay job of explaining why, but it could be better.  To expand on point #4 if you lose your job, you will be forced to repay the loan in 90 days.  If do not pay it back in time, you will be hit with your highest marginal tax rate and a 10% penalty.  How does borrowing money at 40% interest sound? Why do you have credit card debt?  I'll give you the loving answer:  bad behavior.  The longer you hold this debt the more indicative it is about out of control behavior.   To remedy this I would recommend the following: While you are behaving like most people (normal); most people are broke.  Congratulations on having the desire to not be broke.  Do you now have the courage to change?  Having that courage could mean generational wealth building and freedom from debt. As a reformed overspender it has meant exactly that for me and my family.


It means that your money does not have the same amount of buying power.


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As consumers, we need to demand licenses for content which state that they cannot be revoked unless there is a demonstrated violation of the terms of service. Those violations should have to be specifically enumerated and provided in writing to the licensee.


Underwriters cannot win. If the stock goes down, people blame them for overpricing and fleecing the investors. If the stock goes up, people blame them for underpricing and fleecing the company. They are playing both sides, so one side is likely to be more happy than the other side. They are bankers, so people will always find a reason to hate them.


That's a serious threat, a lot of people keep saying this but the Chinese are really the ones who need us.  Their economy is a house of cards, based on an ever worse and more corrupt version  of the Japanese 70-80s model, and their trade is the only thing injecting enough money into the system to barely pay for the government to prop up all of its important industries. Unfortunately their trade demands the US Dollar/debt to manipulate their currency to stay cheap. To lose access to US finances is more or less an existential threat to China. On the other hand the US really could find replacements or live without whatever we lose from Chinese trade. For this specific nunber, I don't know how he came to it, but Peter Zeihan says the US' GDP from trade is only about 14%, and only about 4% when you discount NAFTA and energy imports.


> Also I much rather the government tackle cable/utilities monopoly first, as that market is already anti-consumer even on price. Tech is still pro-consumer on price, just anti-consumer on choice.  Yes, but any country that prides itself on having an economy made of SMEs and start-ups is gonna be worried if the economy starts to take a shape which is decidedly anti-startup


> 73% of Americans were in the ‘top 20%’ for at least a year  Well, sure.  [The top 20% currently begins at $92,000](https://en.wikipedia.org/wiki/Income_in_the_United_States).  All an American needs to do to qualify for that 73% is sell their house with ~50% equity at some point in their life since the IRS considers that income.  Great logic of this article: liquidate your primary investment and \*poof\* you're wealthy.  Even [the authors of the study cited in this article say](http://news.cornell.edu/stories/2015/01/hirschl-research-finds-many-join-1-percent-few-stay-long):  *“It would be misguided to presume that top-level income attainment is solely a function of hard work, diligence and equality of opportunity,” they write. “A more nuanced interpretation includes the proposition that access to top-level income is influenced by historic patterns of race and class inequality.”*


Let’s take your tag and replace the title with Big Business, remove the do nothing worker and replace it with a paid nothing worker, and you will have the other side of the coin.  The government is a mess.  But privatizing is not the answer because the private sector is a mess.  It’s a choice between two thieves, so I would prefer option 3) Come up with a better plan.  When a person feels they have only two choices, they have failed to observe the nuances and influences between and around their choices.  It is in the (as far as we can tell) infinite variation between or around the choices that we will most likely find a preferable solution.  Don’t accept the crap because the shop keeper tells you there aren’t any other options.  Shop around.


Adapted from an answer to a somewhat different question. Generally, 401k plans have larger annual expenses and provide for poorer investment choices than are available to you if you roll over your 401k investments into an IRA. So, unless you have specific reasons for wanting to continue to leave your money in the 401k plan (e.g. you have access to investments that are not available to nonparticipants and you think those investments are where you want your money to be), roll over your 401k assets into an IRA. But I don't think that is the case here.  If you had a Traditional 401k, the assets will roll over into a Traditional IRA; if it was a Roth 401k, into a Roth IRA. If you had started a little earlier, you could have considered considered converting part or all of your Traditional IRA into a Roth IRA (assuming that your 2012 taxable income will be smaller this year because you have quit your job). Of course, this may still hold true in 2013 as well.  As to which custodian to choose for your Rollover IRA, I recommend investing in a low-cost index  mutual fund such as VFINX which tracks the S&P 500 Index. Then, do not look at how that fund is doing for the next thirty years.  This will save you from the common error made by many investors when they pull out at the first downturn and thus end up buying high and selling low. Also, do not chase after exchange-traded mutual funds or ETFs (as many will likely recommend) until you have acquired more savvy or interest in investing than you are currently exhibiting. Not knowing which company stock you have, it is hard to make a recommendation about selling or holding on. But since you are glad to have quit your job, you might want to consider making a clean break and selling the shares that you own in your ex-employer's company. Keep the $35K (less the $12K that you will use to pay off the student loan) as your emergency fund. Pay off your student loan right away since you have the cash to do it.


"As a Venezuelan who used to buy USD, I believe there is not better explanation than the one given to someone who actually lives and works here in Venezuela. Back in 1998 when Hugo Chavez took the presidency, we had a good economy. Fast forward 10 years laters and you could see how poor management, corruption and  communist measurements had wreaked havoc in our Economy. It was because most of the money (USD) coming in Venezuela were not invested here but instead, given away to ""pimp countries"" like Cuba. Remember, communism lasts while you have money. Back then we had an Oil Barrel going over 100$ and crazy amounts of money were coming in the country. However, little to no money was invested in the country itself. That is why some of the richest people with bank account in Swiss are Venezuelans who stole huge amounts of Oil Money.  I know this is a lot to take in, but all of this led to Venezuelan economy being the worst in The American Continent and because there is not enough money inside the country to satisfy the inner market, people would pay overprice to have anything that is bought abroad. You have to consider that only a very small amount of people can actually buy USD here in Venezuela. Back in 2013 I was doing it, I could buy about 80 usd/month with my monthly income. However, nowdays that's nearly impossible for about 99% of Venezuelans.  To Illustrate. Minimum wage = 10.000 bolivares / month Black market exchange rate (As of January 2016) = 900bs per 1usd 10.000/900 = 11,11 usd.   <<< that is what about 50% of Venezuelans earn every month. That's why this happens:  http://i.imgur.com/dPOC2e3.jpg The guy is holding a huge stack of money of the highest Venezuelan note, which he got from exchanging only 100 usd. I am a computer science engineer, the monthly income for someone like me is about 30.000 bolivares --- so that is about 34$ a month. oh dear! So finally, answering your question Q: Why do people buy USD even at this unfavorable rate? A: There are many reasons but being the main 2 the following 1.- Inflation in Venezuela is crazy high. The inflation from 2014-2015 was 241%. Which means that having The Venezuelan currency (Bolivares) in your bank account makes no sense... in two weeks you won't be able to buy half of the things you used to with the same amount of money. 2.- A huge amount of Venezuelans dream with living abroad (me included) why, you ask? well sir, it is certain that life in this country is not the best: I hope you can understand better why people in 3rd world countries and crappy economies buy USD even at an unfavorable rate. The last question was: Q: Why would Venezuela want to block the sale of dollars? A: Centralized currency management is an Economic Measure that should last 6 months tops. (This was Argentina's case in 2013) but at this point, reverting that would take quite a few years.  However, Turukawa's wikipedia link explains that very well. Regards."


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Sad for me. Their happy hour was amazing in college. Half off drinks + apps was cheaper than any local bar we had in my small college town, while the food was the same quality and Applebees had a wider selection of beer. Even in my mid 20s when my friends and I wanted drinks and were low on money, Applebees + TGIF were our go-to.


If they default and try to stay in the Euro, they will be shut out of any chance of financing but they will be obliged to conduct business in a currency that they cannot afford. Their businesses will close, unemployment rise until they have no option to stay in the Euro.   Instead of that, they will reissue the Peseta, Lira, Drachma, etc. and then devalue. That will allow their real estate, tourism and manufacturing to be very competitive. If they could stay in the Euro after default they would starve, but I don't think they could stay, even if they wanted to because they'd be expelled by Germany.   Here is [Gonzalo Lira's suggestion as to how Spain should have already left the Euro](http://gonzalolira.blogspot.com/2012/04/will-there-be-corralito-in-spain.html)


"Uh, who said anything about ads? ""Controlling"" public opinion is something government agencies love to waste money on. I wouldn't be surprised to find out 3 letter agencies are ""investing"" just to make sure their content is on top.  EDIT: Oh, this is damage control on a post that got to popular, got it."


>You assume that the government is a god and all things exist only because of it. You are the zealot here fighting against a competing option and opinion. Every church wants to believe it is the one true church and non believers should be punished for their non belief. Statism truly has become the next wave religion.    No, I assume that government is an institution that keeps getting recreated for any society larger than a hunter-gatherer tribe because of how useful it is.  If anyone is approaching cultbait status, it would be anti-government believers, who blindly believe that all the benefits of a first-world society somehow magically have nothing to do with the forms of the government selected by that society.


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I was skeptical going by the title alone, but after having read it, he makes some surprisingly good points.    If the regulations are too stifling, then they need to be reformed.  No one wants to go back to the bad old days of taxicabs.  But there's no question that they're scofflaws.


It is subjective of course, but when I hire people I'd rather see a shit job for two months than nothing at all.  Not that I'm planning to give the prospective employee shit work, just that they're not lazy.


At my first job (moderate sized quant prop fund) we inexplicably used Macs. Excel on a mac is a nightmare- if you tried to graph more than, say, 2000 data points it would grind to a halt, though this was some time ago. In retrospect maybe they were conditioning us to program rather than use excel...


It's unfortunate that these spots cannot be filled with US citizens. Not sure if it's a problem with our education system, but our economy moved from manufacturing to services and high tech enterprise. I'm surprised our citizens are so underqualified that Microsoft is having trouble filling 6000 spots with millions of US citizens.


You need a lawyer and a tax accountant for a sale like this. They will be able to tell you if the proceeds are taxed as income (most likely) or capital gains and will help you structure the deal. How you spend the proceeds will not make a difference, although if it's a large amount and you plan to donate some to charity, you may be able to save on your total tax liability by creating a donor advised fund. Keep in mind the broker is mostly interested in his commission and not about making the best deal for you. Get an attorney with experience in business sales.


Surprised nobody has mentioned Freshbooks yet. It's lightweight, easy to use, and free for low-end use (scaling up price-wise as you scale up).


"I feel for your situation.  I'm in a similar boat with ""high"" income yet little left over at the end of the month.  My wife and I are steadily making major adjustments to fix that. While reading your story, one thing that jumped out at me is that 3.5 years is not really a long time.  So, the moment those credit cards are paid off (and other debts for that matter), DO NOT let that $1,400 return into your finances!  Tuck it away someplace else and forget about it, as if it doesn't exist.  You're already in the habit of doing without. Keep the habit.  Save the money. From the first day that my wife recently took a new job, we put 25% of her paycheck into a checking account that's hard to access. It goes right in, direct deposit, and we never even see it. To this day, we don't even know the exact dollar amount going in... ...the crazy part is, we don't miss it as much as I thought we would!  In fact, I just got a raise and I'm going to start forwarding the pay difference into that account, as well. At the end of the day, we all make our spending choices based on how much money is available.  It never fails: with more income comes more ""worthwhile"" expenses. My advice in a nutshell: Over the next few years, whenever your income increases, don't change your habits to match! That's our plan. Slowly but surely, it's working... (I Hope that helps in some way)"


you could try [FRED](http://research.stlouisfed.org/fred2/graph/?g=HO7), or maybe try the CME and ICE's websites for some decent data.. haven't looked just suggestions - pretty sure the symbol for the Libor futures is EM, you could approximate from that so long as it's not a doctoral thesis


MySpace was terrible, it was in its name why it was terrible, it was literally your save that you could customise to be completely nonfunctional and crash the browser as it was filled with junk.  Facebook came a long and said, this is the layout, this is the colour, you can send messages and add pictures and they go here. Next to no customisation at all so you always know where what you want is on every profile. And it works.


"I'm not an expert, but here is my best hypothesis. On Microsoft's (and most other company's) cash flow statements, they use the so-called ""indirect method"" of accounting for cash flow from operations. How that works, is they start with net income at the top, and then adjust it with line items for the various non-cash activities that contributed to net income. The key phrase is that these are accounting for the non-cash activities that contribute to net income. If the accounts receivable amount changes from something other than operating activity (e.g., if they have to write off some receivables because they won't be paid), the change didn't contribute to net income in the first place, so doesn't need to be reconciled on the cash flow statement."


"That's bringing another social problem into ""child care."" Lower income families (or 2/3rds of American families if you look at income statistics) simply can't pay for that and thus the child takes loans, gets scholarships or works during school for that opportunity.   Suddenly, $900,000 seems more ridiculous to the majority of American parents."


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"There are basically two approaches, based on how detailed you want to be in your own personal accounting: Obviously the more like a business or like ""real"" accounting you want to be, the more complex you can make it, but in general I find that the purpose of personal accounting is (1) to track what I own, and (2) to ensure I have documented anything I need to for tax purposes, and as long as you're meeting those goals any reasonable approach is workable."


"Thanks for pointing out [the study](http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1748851). It's a slightly different cause than what I was describing when I posted this. Specifically, they show an effect not when the names get confused, but rather when the name similarity simply brings more attention to the stock. I was surprised nobody mentioned that in response to my post.  But also interesting is that they had to control for simple confusion between stock symbols, which implies that ticker confusion has a known effect. So I dug into research on that and quickly found [this study](http://www.efmaefm.org/0EFMAMEETINGS/EFMA%20ANNUAL%20MEETINGS/2010-Aarhus/EFMA2010_0161_fullpaper.pdf) found ""a high positive correlation between returns on two matching stocks with similar ticker symbols""."


"I am not a lawyer, but I can't think of a reason this is illegal (something that would be illegal would be to ""trade with yourself"" across the accounts to try to manipulate stock or option prices). I don't think you're ""funneling,"" you're doing ""asset location"" which is a standard tax planning strategy. http://news.morningstar.com/articlenet/article.aspx?id=154126&t1=1303874170 discusses asset location. I'd be more concerned about whether it makes sense."


I'd imagine that it's a small portion of the population that can have much of both. If one is saving a decent amount for retirement, say 10-15%, they aren't likely to have much else, aside from the house if included. For example, when I look at my 'pie chart' I get Retirement 72%, House 22%, everything else 6%.  Specific to your question, emergency funds should be just that, accessible for urgent matters, other short term needs, such as car fund, big TV fund, vacation, etc, also in non-risky cash (i.e. money funds CDs, etc) and the rest invested long term. The short need money isn't part of the long term asset allocation, to be specific.


"I worked for a few large corporations in highschool and college.  Mainly retail.  My position being on the low end of the totem pole.  At this level, there is a lot of pump-up-the-drone bs that's force fed down your throat.  After college, I've worked for three companies.  One privately owned and two publicly traded companies.  The private business was one of the worst offenders I've ever seen with the BS ""be a team player"" mentality, regardless of your level.  The public companies definitely push the ""team player"" mentality toward the lowest skilled, most easily replaceable, highest turnover workers.  The more skilled workers (college degree, specialized in a field) on the other hand, aren't just fed the BS.  If the company is worth it's weight in salt, these people are informed of the short term and long term goals of the company.  There are discussions about direction, opinions on decisions that were made -- dissenting opinions being much more valuable than a ""yes-man"" response.  That is, if upper management if competent.  From what I've seen, competent upper management is contagious.  It bleeds down the line.  Successful corporations have people at the top (and in the middle) who actually care about the success of the company.  They take pride in their work.  They know that by them making the right decisions their company can grow and intern hire more employees, pay those employees better, provide better perks, etc.  If you have garbage at the top, they'll hire garbage for the layer below them, and so on and so on...  Back to the point of the OP, I'm in a salaried position.  My salary isn't for my 9-5 appearance in the office.  I'm paid an agreed upon rate for my ability to complete a task and benefit the organization.  Sometimes this means I have very little to do for a few days.  Sometimes this means that I need to work 12+ hours in order to get the job done.  I'm fine with that."


"I doubt you will get an answer equal to ""You can't save when you have debt"". Because most mortgages are for decades, very few people would be able to save for retirement if they had to wait to be mortgage free. The difficulty in saving occurs when the interest rate is very high (18% or more) and the interest is not deductible. Such as with credit cards. The minimum payment for your mortgage is 30% of your income. If that doesn't include taxes and homeowners insurance in the 30%, then for the United States that would be considered too large. While the general plan to pay down the mortgage is a good idea, make sure that you are able to handle the minimum payments before starting to increase the payments. Try the minimum for a year or two before getting aggressive The calculation is based on the interest rate of the mortgage, the interest rate of the savings account, and the potential tax deduction of the mortgage and the tax rate on the earned interest. Putting extra money into a mortgage, but missing out on matching retirement money would also have to be figured into the calculation. Make sure you do save for retirement , kids education, and emergencies. Unless your country has a complex system where the money can flow in and out of the mortgage, then once you put extra money into the mortgage you can't get it back when the car dies.  The nice thing about putting extra money into a mortgage is that you can do it either in an organized way, or only when you feel comfortable. So it is not urgent for you to commit to a plan immediately. One thing to avoid is a plan that charges you a fee to add extra money, or charges a fee to switch to a bi-weekly mortgage. While your ideas is good, these plans should never cost any money to start, and may be a scam if a 3rd party gets between you and the lender."


This is a very dumb argument. Apple being worth $700B is only 0.7% of total world econony, with your flawed senseless logic, that is pure shit for a company that's been around for 40+ years.   What's your thought process of Amazon? Oh look they sell everything but those suckers only pull in revenues of $120B out of $110 trillion world econony, what a shitty unsuccessful company!


I encourage using it as a buffer.  After h.s. I had a thousand or so dollars saved up in my savings account.  After college it was maybe 5 thousand and it's remained roughly like that ever since. I figure any modest emergency or spending splurge may cost, at most, a couple thousand bucks.  I'm talking about a new couch, a car accident, hospital bill, vacation to wherever, etc.  It's nice to have an idea of a buffer.  Financial advisors say to have a buffer of about 3 months of salary.  This is in case of unemployment and such.  It was smart for me. I wouldn't try to spend money to make money at this point.  It's not enough money to try to see a significant gain unless you're lucky.  I tried Sharebuilder a while ago with $200 to see what stocks were like.  They gave you several free trades to see how you liked it.  At first I was shuffling stuff a little too much and once the fees start kicking in it's 7 bucks here, 7 bucks there- eventually I realized you have to invest enough to offset the transfer fees and the fact that you have your money tied up in something going up and down all the time.  But yeah.  Start with a buffer and scale it up as your lifestyle changes.  Anything beyond your buffer is spending money, investing money, fun money.


The tax incentives for employer sponsored health insurance were designed to incentivize employers to provide the insurance and for employees to purchase the insurance.  Since your situation does not meet the requirements to take advantage of this incentive, you can not.  In the near future you should be able to take part in the government sponsored exchanges.  This may spur changes in how this works.


I have a Citi card that gives me checks all of the time.  Most of the time it requires the 3%/minimum $10 or whatever, but occasionally when they're trying to sucker you into borrowing money from them they will let you take $1,500 w/ no fee for 6 months.  Outside of that I've never seen it exist in modern credit cards.


"It's a very simple equation. If we forget about the stress and limitations that come with the so-called ""lease"", and make the following assumptions: Then after 3 years of using this new car: I will never understand why people still ""lease"" a car. Even for very low income people who have to have a car, financing a per-owned decent car would do, but it's just ""show off"" seduction and lure that either unknowing minded or idiot teenagers fall for."


Amazon technically doesn't have a monopoly.  They have huge companies that are direct competitors in every verical they are in:  Walmart - retail  Safeway - Groceries  Google and Microsoft - Cloud  Netflix - Streaming  Costco - Discount pharmaceuticals   Amazon would violate anti trust laws if they did stuff like: force their vendors to give them a cheaper rate or they would turn off their AWS or something like that.


I still don't see the point of this software; rebalancing frequently is a waste of money (through fees).  If you invest in index funds, you don't have to rebalance at all--effectively, the fund is doing it for you, and since they can generally trade more efficiently than individual investors can, that's a win.  The Coverdell ESA is a great example.  There's a maximum contribution amount, just as there are for almost any tax-exempt account.  A decent financial adviser could help you plan how much to contribute to which accounts, at what time, and when you can/should start to withdraw from them.


"These are services that facilitate using credit cards. So whatever vulnerabilities there may be, your risk is limited to your liability to the credit card issuer. Usually, this means no liability whatsoever, and the most significant risk is the inconvenience of re-issuing the compromised card. Some card issuers separate the ""Pay"" service account from your main account so that even that risk is mitigated - the number exposed is only used for that specific service and doesn't compromise your actual physical card."


I'm gonna drop 50 on Conor, because I don't trust either of them to not rig the fight. Floyd needs the money, it's not out of the realm that he'd dive to milk a second and third fight.  It's a far shot, but if Floyd is far enough in debt, he'll do it. Worst that happens is I lose 50 and go about my day.


"I've discussed issues with some of Gregers videos/articles in other posts, he's really talented at being misleading and ignoring studies that contradict what he wants to be true:  [""Low Carb Diets and Coronary Blood Flow""](https://www.reddit.com/r/keto/comments/30bfg0/drs_reviews_a_meta_analysis_on_low_carb_diet/cpr7nmw).   [""How a Low-Carb Diet is Metabolically Like Being Obese""](https://www.reddit.com/r/keto/comments/5egw5u/nutritionfactsorg_posts_article_entitled_how_a/daccdhc).   [""Paleo Diets May Negate Benefits of Exercise""](http://www.reddit.com/r/keto/comments/2pykys/what_the_hell_is_this_guy_talking_about/cn18gxo).   [""Who Says Eggs Aren't Healthy or Safe?""](http://www.reddit.com/r/keto/comments/2kupx1/science_i_am_being_overwhelmed_by_this_guys/cloy1ow)"


Yes, you can.  That the books were purchased from abroad is irrelevant: you incurred an expense in the course of earning your income. If the books are expensive (>$300 per set iirc) you will need to deprecate them over a reasonable life time rather than claiming the entire amount up front. It doesn't matter whether what you got was a VAT Invoice; as long as you have some reasonable documentation of the expense you're ok.


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