"Please note that the following Graham Rating below corresponds to five years: Earnings Stability (100% ⇒ 10 Years): 50.00% Benjamin Graham - once known as The Dean of Wall Street - was a scholar and financial analyst who mentored legendary investors such as Warren Buffett, William J. Ruane, Irving Kahn and Walter J. Schloss. Buffett describes Graham's book - The Intelligent Investor - as ""by far the best book about investing ever written"" (in its preface). Graham's first recommended strategy - for casual investors - was to invest in Index stocks.  For more serious investors, Graham recommended three different categories of stocks - Defensive, Enterprising and NCAV - and 17 qualitative and quantitative rules for identifying them.  For advanced investors, Graham described various ""special situations"". The first requires almost no analysis, and is easily accomplished today with a good S&P500 Index fund. The last requires more than the average level of ability and experience. Such stocks are also not amenable to impartial algorithmic analysis, and require a case-specific approach. But Defensive, Enterprising and NCAV stocks can be reliably detected by today's data-mining software, and offer a great avenue for accurate automated analysis and profitable investment. For example, given below are the actual Graham ratings for International Business Machines Corp (IBM), with no adjustments other than those for inflation. Defensive Graham investment requires that all ratings be 100% or more. Enterprising Graham investment requires minimum ratings of - N/A, 75%, 90%, 50%, 5%, N/A and 137%. International Business Machines Corp - Graham Ratings Sales | Size (100% ⇒ $500 Million): 18,558.60% Current Assets ÷ [2 x Current Liabilities]: 62.40% Net Current Assets ÷ Long Term Debt: 28.00% Earnings Stability (100% ⇒ 10 Years): 100.00% Dividend Record (100% ⇒ 20 Years): 100.00% Earnings Growth (100% ⇒ 30% Growth): 172.99% Graham Number ÷ Previous Close: 35.81% Not all stocks failing Graham's rules are necessarily bad investments. They may fall under ""special situations"". Graham's rules are also extremely selective. Graham designed and backtested his framework for over 50 years, to deliver the best possible long-term results. Even when stocks don't clear them, Graham's rules give a clear quantifiable measure of a stock's margin of safety. Thank you."


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Because when you go out to get something, you're not just paying for the burger.  Almost anyone can make a better burger than most places out there when they make one at home.  This isn't a good argument to not pay the $15.    Now, if you go out and you pay the $15 and you don't have a good *experience,* then that's another problem.


I have never owned cable.  I do stream shows or rent dollar DVDs.  The only scheduled programming I partake in is sports, and I get that for free and in HD with either an antennae, or from just plugging my coax into the wall.  Uncle_Erik is right, to older people this is a crazy way to live, but it is completely normal for the majority of younger people.


I want to know it is taxable any guidelines As per the income tax rules, this is taxable to you. The amount will be treated as gift to you. The limit of this in a year [across all friends] is Rs 50,000. If the limit exceeds, the entire amount is taxable. You would need to declare this as other income and pay taxes as per your tax brackets.


"Agreed. Sometimes, I wish I would have done something more creative, more engaging, more dynamic.   Finance is very straightforward and logical. For every contingency there is a specific set of rules/theory you follow to make a decision. I work in corp dev at a fortune 500 healthcare company and very little gut decisions are made without a ""model"" or endless PowerPoints explaining a decision. Of course this is an incredible simplification of the finance industry, but you can't tell me that working in finance can hold a candle to the every-day general dynamics of working for a small web start-up.  Sometimes I think of how much I would enjoy doing that, working for a startup. But then I log into mint and I laugh as a model goes down on me while I sip on johnnie walker blue on a tuesday night. Life's good."


You're allowed to smoke inside but doing so at the table is frowned upon. That said, if you do do it at a table, no one will ask you to leave unless one of the other players does (depending on the casino, I suppose).


There is a clear relationship between dirty or low maintained office carpets and allergens and dust mites, which can increase the incidence of bacteria and germs leading to work related absence due to the spread of coughs and colds in the office.  Identify how a cleaner looking carpet can increase business performance.


It may have some value!  Investopedia has a well-written quick article on how stock holders may still get some portion of the liquidated assets.  While there is generally little left for common shareholders if the price of those shares is tiny and some money does come back to shareholders there can still be significant profit to be made. As to why the trading volume is so high... there are many firms and hedge funds that specialize in calculating the value of and buying distressed debt and stock.  They often compete with each other to by the stock/debt that common shareholders are trying to get rid of.  In this particular case, there is a lot of popular interest, intellectual property at stake and pending lawsuits that probably boosts volume.


It's called the Stark Law.   Most of us would eat and run, sleep a little bit during the dry lecture.   Had no effect on practice whatsoever, since you're following guidelines anyway.   Mostly was for antibiotics and cholesterol meds, insulin, stuff like that. Can't ever remember getting one about opiates - although based on the amount of new brand name opiates on the market, I'm sure someone is getting these lunches.


It sounds for the most part you are a 'buy and hold' type investor and continue to contribute monthly.  I follow the same philosophy and continue to contribute monthly as well.  I use Questrade.com as my online broker. For trading it costs a penny per share with a minimum cost of $4.95 (so if you only buy 100 shares you will still pay $4.95) up to a maximum of $9.95 per trade (so if you buy 10,000 shares you only pay $9.95. Three trades at $4.95 per month across the year would be $178.20.  This is assuming you are trading less then 495 share each trade.  So switching to Questrade would save you an additional $111.80 per year!  Multiply over number of year before you retire plus compound interest which could accrue and that can quite a bit of extra savings. You pay nothing else to Questrade either.  No management fees, etc.  You manage the accounts.


In addition to these fair points the argument that you can simply not buy from the unethical business breaks down in our current intermingled society. If I don't like Monsanto I can't simply stop buying their seeds (since I'm not a farmer and in lots of cases I'm pretty far removed from that stage of the process) yet their practices effect me in lots of ways and there's nothing I can do about it at the purchase level.


Movie going (actual # tickets sold) [climaxed in 2002](http://www.the-numbers.com/market/) and the theater market has only been kept afloat since then by increasing ticket prices.  However, the more ticket prices increase, it creates a cycle where it's less attractive to go to the movies and so they have to increase ticket prices again.  Movie theaters typically cede most of the opening week revenue to the studio so they need some minimum foot traffic so a percent of audience buys the high margin popcorn and drinks.  Movie studios got greedier, wanting to take the movie out of the theater ever faster to multiple revenue-generating venues (Star Wars was in the theater a year+.... now all but the biggest movies are in, what, a few weeks?), costs to A/C-heat buildings rise, big TVs are cheaper every year, netflix, etc.  Not to mention the tablet, which I watch netflix on more than a big TV... and the rise of the formula superhero movie.  Pure no-value-added Theaters are on the way out in any areas with decent internet.  They arose in a time of touring stage entertainment and displaced many a live performance with this new moving picture tech.  Now they are being displaced by tech just the same.  A littering of restaurant theaters and imax or next tech theaters and the like will stick around in 25 years as attractions but it just won't be the same scale.  You can liken this to how consoles eventually killed the video game arcades, even with shittier hardware.  It's happening to retail market crashing down, and it happened to small chain book stores, CD stores, and a bunch of other categories, etc.  No surprise to anyone that pays attention and thinks the next tech/economical step.  In the end, it's really up to studios to decide if the movie theater is a relic worth keeping and only if they work jointly, and in the end it still might just buy them a few years til it sinks.  I don't think it's worth keeping.  My preferred local one is one of the better ones out of 4-5 (3 are small time with limited screens) and yet even they haven't replaced the carpeting in 15 years and it smells like piss in the summer.  This is in one of the richer areas of the country, not some ghetto, not going to the movies for that bonus whiff.


"When you say ""apartment"" I take it you mean ""condo"", as you're talking about buying. Right or no? A condo is generally cheaper to buy than a house of equal size and coondition, but they you have to pay condo fees forever. So you're paying less up front but you have an ongoing expense. With a condo, the condo association normally does exterior maintenance, so it's not your problem. Find out exactly what's your responsibility and what's theirs, but you typically don't have to worry about maintaining the parking areas, you have less if any grass to mow, you don't have to deal with roof or outside walls, etc. Of course you're paying for all this through your condo fees. There are two advantages to getting a shorter term loan: Because you owe the money for less time, each percentage point of interest is less total cash. 1% time 15 years versus 1% times 30 years or whatever. Also, you can usually get a lower rate on a shorter term loan because there's less risk to the bank: they only have to worry about where interest rates might go for 15 years instead of 30 years. So even if you know that you will sell the house and pay off the loan in 10 years, you'll usually pay less with a 15 year loan than a 30 year loan because of the lower rate. The catch to a shorter-term loan is that the monthly payments are higher. If you can't afford the monthly payment, then any advantages are just hypothetical. Typically if you have less than a 20% down payment, you have to pay mortgage insurance. So if you can manage 20% down, do it, it saves you a bundle. Every extra dollar of down payment is that much less that you're paying in interest. You want to keep an emergency fund so I wouldn't put every spare dime I had into a down payment if I could avoid it, but you want the biggest down payment you can manage. (Well, one can debate whether its better to use spare cash to invest in the stock market or some other investment rather than paying down the mortgage. Whole different question.) ""I dont think its a good idea to make any principal payments as I would probably loose them when I would want to sell the house and pay off the mortgage"" I'm not sure what you're thinking there. Any extra principle payments that you make, you'll get back when you sell the house. I mean, suppose you buy a house for $100,000, over the time you own it you pay $30,000 in principle (between regular payments and any extra payments), and then you sell it for $120,000. So out of that $120,000 you'll have to pay off the $70,000 balance remaining on the loan, leaving $50,000 to pay other expenses and whatever is left goes in your pocket. Scenario 2, you buy the house for $100,000, pay $40,000 in principle, and sell for $120,000. So now you subtract $60,000 from the $120,000 leaving $60,000. You put in an extra $10,000, but you get it back when you sell. Whether you make or lose money on the house, whatever extra principle you put in, you'll get back at sale time in terms of less money that will have to go to pay the remaining principle on the mortgage."


Ethics aside, it seems like you'd have to do this so many times, and split it up between many different stores to avoid suspicion, that you're better off putting that time and effort into a real job. 20 transactions only gets you $200.


Also, if accounting suddenlly decides to hire a bunch of new employees why should the cost for the computers come out of IT's budget?   As long as IT's budget is subserviant to the whims of other departments you can't really call it a budget at all. Rather, it is just a pool of money that anyone can dip in to.


"FINRA Description of Day Trading rules The rules adopt a new term ""pattern day trader,"" which includes any   margin customer that day trades (buys then sells or sells short then   buys the same security on the same day) four or more times in five   business days, provided the number of day trades are more than six   percent of the customer's total trading activity for that same   five-day period. So, there's several ways to avoid being labeled a pattern day trader:"


"The problem is the use of short-hand. Their chopped off sentence. When someone says: ""there is a labor shortage"" what they really mean is: ""There is a labor shortage at the current wage."" A related problem happens when a company finds out, for example, that it would have to give it's 18 currently employed welders all a $10/hr raise just to attract 2 new ones at the new higher wage.  Another problem is there use to be trade unions that organized and maintained a talent pool that could dynamically meet demand for skilled labor. These trade unions have largely been done away with. They were the one's attracting, recruiting, and selecting skilled tradespeople just like colleges do."


Keep in mind that the bond market is dominated by US Treasury securities... if there were an S&P 500 for bonds, the US would take positions 1-400. Be careful that you understand what's in your bond funds -- you may not be as diversified as you think.


There isn't really enough information here to go on.  Without knowing when you invested that money we can't find your rate of return at all, and it's important to measure your rate against risk.  If you take on significantly more risk than the overall market but only just barely outperform it, you probably got a lousy rate of return. If you underperform the market but your risk is significantly lower then you might have gotten a very good rate of return.  A savings account earning a guaranteed 4% might be a better return than gambling on the roulette wheel and making 15%.


"Sole Proprietor can be registered under the ""Shop & Establishment Act"". Find out where one can register it in your city. One needs to fill a simple form. Its a nominal fee of Rs 100/-. If there is a Chamber of Commerce, they generally help in completing the formalities for free. A CA can also help you get this done for a small fee."


>I don't understand the logic of converting a cost of funds of 4% to a monthly % and then subtracting that number from an annual one (the 1.5%).  I know it was wrong, so how would you approach it?  >Unfortunately without seeing the case I really can't help you...there was likely much you have left out from above.    All the relevant details I received for the case are here. What other info are you looking for?


Dude its not propaganda when your purposely shipping jobs overseas and laying off people to make a profit. I can understand if the company itself had to do it to sacrifice something but Bain was a predator and an opportunist plain and simple.


Yeah, the 12% assumption is divorced from reality.  That is a full 5% higher than the real return on the S&P for the last sixty years. But buying a used car rather than borrowing for a new one is solid-gold advice.  It may take more iterations to get to the nice car because of things like taxes, transaction costs, repairs, etc., but staying out of debt (or saving up as much as possible to get a reliable car) is excellent advice.


Thanks for German links but the text makes my point to 100 %?? It says criminal acts from foreigners stayed the same right wing attacks are on the rise and make up for the majority of the attacks .... so why did you send me this ???


You're last paragraph sums up what I mean exactly. Businesses will continue to make investments that try think make sense. Taxes have an pact on what makes sense. This combo is what we should be discussing. Thanks for adding to the conversation.


it looks like using an ADR is the way to go here.  michelin has an ADR listed OTC as MGDDY. since it is an ADR it is technically a US company that just happens to be a shell company holding only shares of michelin. as such, there should not be any odd tax or currency implications. while it is an OTC stock, it should settle in the US just like any other US OTC. obviously, you are exposing yourself to exchange rate fluctuations, but since michelin derives much of it's income from the US, it should perform similarly to other multinational companies. notes on brokers: most US brokers should be able to sell you OTC stocks using their regular rates (e.g. etrade, tradeking). however, it looks like robinhood.com does not offer this option (yet). in particular, i confirmed directly from tradeking that the 75$ foreign settlement fee does not apply to MGDDY because it is an ADR, and not a (non-ADR) foreign security.


MicroGrid’s single unit structure is superior to woven material in that it won’t unravel or have loose strands that become problematic during processing into a pre-preg material or when conducting a dry lay-up. The homogenous design also ensures uncompromised conductivity between strands when forming the material to a variety of shapes and contours and provides a smooth surface on the end product. MicroGrid’s biggest advantage is Dexmet’s ability to tightly control the manufacturing process to meet a specific weight, open area, and conductivity requirement.  For more information email us at: sales@dexmet.com or call us at 800-714-8736/(203) 294-4440 and Fax at (203) 294-7899. Visit our website: www.dexmet.com.


First, if you live in/around a reasonably populated urban area, and you're in the United States, I can't see why you would choose to bank with Chase, B of A, or another large commercial bank. I think you would be much better served by banking at a reasonably large credit union. There are many differences between banks and credit unions, but in a nutshell, credit unions are owned by the members, and operate primarily to provide benefits to their members, whereas a bank is owned by the shareholders, and operates primarily to make profits for the shareholders (not to benefit the customers). The banking industry absolutely hates the credit unions, so if you've ever been nickeled-and-dimed with this fee and that charge by your bank, I have to ask why you're still banking with a company that irritates you and/or actively tries to screw you out of your money? I live in California, and I've banked at credit unions almost exclusively since I started working nearly 30 years ago. Every time I've strayed and started banking at a for-profit bank, I've regretted it. For example, a few years ago I opened a checking account at a now-defunct bank (WaMu) just for online use: eBay and so forth. It was a free checking account. When Chase bought WaMu, the account became a Chase account, and it seemed that every other statement brought new fees, new restrictions, and so forth. I finally closed it when they imposed some stupid fee for not carrying enough of a balance. I found out by logging in to their Web site and seeing a balance of zero dollars; they had imposed the fee a few statements back, and I had missed it, so they kept debiting my account until it was empty. At this point, I do about 90% of my banking at a fairly large credit union. I have a mortgage with a big bank, but that was out of my hands, as the lender/originator sold the mortgage and I had no say in the matter. My credit union has a highly functional Web site, permits me to download my account activity to Quicken, and even has mobile apps which allow me to deposit a check by taking a picture of it, or check my account activity, etc. They (my credit union) are part of a network of other credit unions, so as long as I am using a network ATM, I never pay a fee. In sum, I can't see any reason to go with a bank. Regarding checks, I write a small number of checks per year, but I recently needed to reorder them. My credit union refers members directly to Harland-Clarke, a major-league player in the check printing business. Four boxes of security checks was around $130 plus shipping, which is not small money. However, I was able to order the very same checks via Costco for less than half that amount. Costco refers members to a check printing service, which is a front/subsidiary of Harland-Clarke, and using a promo code, plus the discount given for my Costco membership, I got four boxes of security checks shipped to me for less than $54. My advice would be to look around. If you're a Costco member, use their check printing service. Wal*mart offers a similar service to anyone, as does Sam's Club, and you can search around to find other similar services. Bottom line, if you order your checks via your bank or credit union, chances are you will pay full retail. Shop around, and save a bit. I've not opened a new account at a credit union in some time, but I would not be surprised if a credit union offered a free box of checks when you open a new account with them.


The amount you contribute will reduce the taxable income for each paycheck, but it won't impact the level of your social security and medicare taxes. A 401(k) plan is a qualified deferred compensation plan in which an   employee can elect to have the employer contribute a portion of his or   her cash wages to the plan on a pretax basis. Generally, these   deferred wages (commonly referred to as elective contributions) are   not subject to income tax withholding at the time of deferral, and   they are not reflected on your Form 1040 (PDF) since they were not   included in the taxable wages on your Form W-2 (PDF). However, they   are included as wages subject to withholding for social security and   Medicare taxes. In addition, employers must report the elective   contributions as wages subject to federal unemployment taxes. You might be able to keep this up for more than 7 weeks if the company offers health, dental and vision insurance. Your contributions for these policies would need to be paid for before you contribute to the 401K. Of course these items are also pre-tax so they will keep the taxable amount at zero. If there was a non-pretax deduction on your pay check that would keep the check at zero, but there would be taxes owed. This might be union dues, but it can also be some life and disability insurance polices. Most stubs specify which deductions are pre-tax, and which are post-tax. Warning. If you get the company match some companies give you the maximum match for those 7 weeks, then zero for the rest of the year. Others will still credit you with a match at the end of the year saying if you should get the benefit. It is not required that they do this. Check the company documents. You could also contribute post-tax money, which is different than Roth 401K, for the rest of the year to keep the match going. Note: If you are turning 50 this year, or are already 50, then you can contribute an additional $5,500


"**Q: ""Why aren't you giving your grandmother children before she dies?""**  A: Stop being selfish, it's my life and I decide what I want to do, whenever I want to.  **Q: ""I bought a house at 23. Why are you still renting?""**  A: I want to be very wealthy, and not have my own house owned by a bank for 3/4ths of my life. Worry about your own life.  **Q: ""Who is going to take care of your parents when we they get old?""**  A: I'm going to be doing that, and my parent's retirement will help. I'm going to be able to do that because I decided to be financially intelligent rather than indulge in selfish personal pride and temporary happiness.  **Q: ""If you don't have X by age Y, then there's something wrong with you""**  A: Fuck you, I'm rich. Have fun with your wife and kids while you slave away hoping for a raise someday and pray for the weekends to come.  -----------------------------------------------------------------------  I've used all of these except the parents getting old situation. Stop letting other people dictate what's important in your life. If your parents are mad that you won't have kids or get married, fuck them. You got a nice loft, an AMG Mercedes, a Lexus, saving for a Lamborghini, and enough money in the bank to make people feel inferior just by looking at your account balance. Not to mention that's it's completely possible to have casual, safe sex with many women nowadays.   But hey man, make your family happy and appease society. Lol, hope it works out for you."


Seriously, I get downvoted every time I point out that he is in fact a convicted criminal multiple times over.   People don't even know anything about him despite his wikipedia article being readily available and listing out charges and convictions.  But his new scam, I mean service, will be totally awesome!


"There is no simple answer to your question.  It depends on many things, perhaps most notably what college your daughter ends up going to and what kind of aid you hope to receive. Your daughter will probably fill out the FAFSA as part of her financial aid application.  Here is one discussion of what parental assets ""count"" towards the Expected Family Contribution on the FAFSA.  You can find many similar pages by googling.  Retirement accounts and primary residence are notable categories that do not count.  So, if you were looking to reduce your ""apparent"" assets for aid purposes, dumping money into your mortgage or retirement account is a possibility. However, you should be cautious when doing this type of gaming, because it's not always clear exactly how it will affect financial aid.  For one thing, ""financial aid"" includes both grants and loans.  Everyone wants grants, but sometimes increasing your ""eligibility"" may just make you (or your daughter) eligible for larger loans, which may not be so great. Also, each college has its own system for allocating financial aid.  Individual schools may ask for more detailed information (such as the CSS Profile).  So strategies for minimizing your apparent assets that work for one school may not work for others.  Some elite schools with large endowments have generous aid policies that allow even families with sizable incomes to pay little or nothing (e.g., Stanford waives tuition for most families with incomes under $125,000). You should probably research the financial aid policies of schools your daughter is interested in.  It can be helpful to talk to financial aid advisors at colleges, as well as high school counselors, not to mention general financial advisors if you really want to start getting technical about what assets to move around.  Needless to say, it all begins with talking with your daughter about her thoughts on where to go."


I see a lot of you arguing the potential future reality and also the reality we live in now. I think everyone's arguments are moot as there will be no stopping this evolution. What law or social faux pas has ever stopped people from doing what they are going to do?   tl;dr- it is inevitable, and I for one welcome our new cyborg overloads.


Yes. You are assuming that everything remains equal except for a decrease in revenue. More than likely what you will see happen and what is expected to happen, is a decrease in benefits along with a decrease in revenue. So rather than say, revenue of 1000 and payout of 1000, it would become something more like revenue of 750 and payout of 750, and then maybe further down the road revenue 600 and payout 600. But it is unlikely that we continue to see revenue of 750, and payout of 1000. This is a very, very simple explanation and I'm sure someone could use better numbers but I think it illustrates why we won't see social security go bankrupt


The price-earnings ratio is calculated as the market value per share divided by the earnings per share over the past 12 months. In your example, you state that the company earned $0.35 over the past quarter. That is insufficient to calculate the price-earnings ratio, and probably why the PE is just given as 20. So, if you have transcribed the formula correctly, the calculation given the numbers in your example would be: 0.35 * 4 * 20 = $28.00 As to CVRR, I'm not sure your PE is correct. According to Yahoo, the PE for CVRR is 3.92 at the time of writing, not 10.54. Using the formula above, this would lead to: 2.3 * 4 * 3.92 = $36.06 That stock has a 52-week high of $35.98, so $36.06 is not laughably unrealistic. I'm more than a little dubious of the validity of that formula, however, and urge you not to base your investing decisions on it.


Both modi and rajan have said that they are on the same page.  Some of the concerns you're expressing about India not being the same as us is exactly what he's addressing in a general macro manner. Monetary policy can only do so much and over use will hurt more than help, so fiscal policy is needed to fit the actual economic environment of the country. He stood up against the greater banking and economic consensus in 2005 when everyone derided him as a luddite. But you have to realize that USD is the common reserve currency of the world so the fed makes the rule and everyone has to react accordingly.


I think what he was confused about is why EV is used if a company like Apple is going to have an EV much less than its market cap. His point was, if EV was the only way to measure the value of a firm, a company that hordes cash like APPL should be more valuable than its EV indicates.   I think he failed to take into account that hording cash means the company isn't reinvesting in itself like it should, and therefore, at the time of a transaction, when the cash exits the balance sheet, you get significantly less in terms of remaining value.   I can definitely see why people might get confused on EV though.


The problem is you need to take a more global and long term view.  In order for us to achieve a post-scarcity & UBI enabled future we need to ensure that poverty globally is erased, and that people have a certain baseline quality of life and education.  That wont happen without globalization, and as we are seeing with Trump - it doesnt take much for you to end up on the short end of the stick, so saying 'but me!' is a really bad perspective to take.  Rather I'd advocate that when (not if) your job is automated or outsourced you consider yourself lucky that you have the option to retrain or work towards a future that enables UBI globally (which is the only way UBI works candidly).


"Leverage here is referring to ""financial leverage"". This is the practice of ""levering"" [ie increasing, like the use of a lever to increase the amount of weight you can lift] the value of your investment by taking on debt.  For example: if you have 100k in cash, you can buy a 100k rental property. Assume the property makes 10k a year, net of expenses [10%]. Now assume the bank will also give you a 100k mortgage, at 3%. You could take the mortgage, plus your cash, and buy a 200k rental property. This would earn you 20k from the rental property, less 3k a year in interest costs [the 3%]. Your total income would be 17k, and since you only used 100k of your own money, your rate of return would now be 17% instead of 10%. This is financial leveraging. Note that this increases your risk, because if your investment fails not only have you lost your own money, you now need to pay back the bank. ""Beta riders"" appears to be negative commentary on investors who use Beta to calculate the value of a particular stock, without regard to other quantitative factors. Therefore ""leveraged beta riders"" are those who take on additional risk [by taking on debt to invest], and invest in a manner that the author would perhaps considered ""blindly"" following Beta. However, I have never seen this term before, and it appears tainted by the author's views on Quants. A ""quant process driven discipline"" appears to be positive commentary on investors who use detailed quantitative analysis to develop rules which they rigorously follow to invest. I have never seen this exact phrasing before, and like the above, it appears tainted by the author's views on Quants. I am not providing any opinion on whether ""beta riding"" or ""quant processes"" are good or bad things; this is just my attempt to interpret the quote as you presented it. Note that I did not go to the article to get context, so perhaps something else in the article could skew the language to mean something other than what I have presented."


I have not used Quicken; I've used GnuCash exclusively.  It feels a bit rough with the UI: Balancing that, the data is stored in a gzip-compressed xml file. The compression is also optional, so you can save it as a plain xml file.  This means that you have some hope of recovery if you wind up with a corrupted file. (And for programmer-types, you could keep it in source control for additional peace of mind.) My wife and I have been using it for several years now, and has worked well for us. LWN.net had a pair of Grumpy Editor reviews on personal finance software here and here which would be worth reading.


"Sessions was part of a team that [convicted a KKK member, but he did not do it alone, nor was he a driving force.](https://www.theatlantic.com/politics/archive/2017/01/sessions-kkk-case/512600/)  There is no evidence to suggest he ""bankrupted the klan""  His current actions speak clearly about his priorities."


> just allow injured parties to sue for damages!  The legal system isn't based on ethics or morals, it's based on who can make the best argument. Big business' have a lot more resources and lawyers than you or I could ever hope to have.


It seems that it is inevitable that the future will have less employment due to automation. How about these large corporations realize that universal basic income is also inevitable which would require our governments to increase taxes for these overly profitable businesses. What comes around goes around.


Morningstar has that 10 history at http://financials.morningstar.com/ratios/r.html?t=JNJ&region=usa&culture=en-US


I think your best bet would be commission-free ETFs, which have no minimum and many have a share price under $100. Most online brokerages have these now, e.g. Vanguard, Fidelity, etc. Just have to watch out for any non-trading fees brokerages may charge with a low balance.


Islamic wedding cards are very popular these days. There are many families that spend lots of money to get the best cards. Many companies have now started their own websites where potential customers can browse the site and pick the cards they want.


sure sounded like it.  I'm going to guess Hillary is tight with Janet and October's debt ceiling juncture is going herald the start ball buster season (I'm thinking the repubs rubber stamp an increase while the Fed puts all 2+ trillion of roll overs on hold until midterms).  The resulting bond auction failures should be fun to watch.  Remind me how much of the treasury's debt auctions are dedicated to paying just the interest?  First the interest payments stop (technical default), then the principal disappears (actual default).  Could be a bad time to be in bonds, period.


Activists generally take stakes larger than 2% and have a lot of experience in influencing boards; there's also a self-fulfilling prophecy where successful activists are known to be successful and so, other investors tend to support their suggestions.  Furthermore, activist investors often fail to advance their policies and give up.  In any case, making shareholders happy only matters as far as preventing them from actually putting together a solid proxy challenge -- professional activist investors with solid economic arguments can make a credible threat of that whereas activists with non-economic goals present a much less credible threat.  Additionally, you say the demand is so low but IMO, Trump using Twitter keeps it in the news and prevents it from sliding even further into irrelevance.  I suspect the value of that one account is greater than their whole marketing budget.  Think not just of Trump but of people retweeting, rebutting, arguing, etc -- that whole ecosystem is huge!  I'd imagine that if Trump announced tomorrow that he's no longer using Twitter and instead will post on Facebook or Instagram or whatever, Twitter's stock would slide by 10% at least.


"I think the author is really on point here. Just read r/investing or seekingalpha or some other forum with low barriers to entry and you see the same phenomena. People like drama, and there's a convergence towards dramatic opinions and extremes. The scariest part is that while stock valuations are fairly subjective, it is very common to see top reddit comments that are verifiably false, on financial subjects or otherwise.  At some point, I'd really like to take a web scraper to r/investing and see what the relationship between comments on certain companies and their stock performance is. Similarly, it'd be interesting to see if people who are right tend to stick around/people who stick around are more often correct. It'd also be interesting to compare the ""reddit consensus"" with actual analyst consensus and to see where it differs. It might make a good master's thesis.   On the other hand, I'm not convinced that the traditional punditry is necessarily better. Professionals are generally more articulate and ought to be able to highlight the relevant details in a company or sector. However, the 2 minute segments they have with these professionals on CNBC are basically just noise when compared with hour long analyst calls, and I've never found them particularly useful for extracting more than a very 1000-kilometer high view on a topic that I know nothing about.  I think longer form publications like actual interviews, where the guests are on for a longer period of time, or print articles from WSJ/FT/etc. are still good quality, but even financial media has really been catering to the lowest common denominator with free or televised content.  In any case, I think this really reduces down to an issue of critical thinking. Random internet comments can actually be really insightful, or garbage, but most people can't discern the two. I think the same applies to punditry too, however."


Ya I've heard both opinions on the matter. Let's hope it doesn't hold up. In the meantime I wouldn't agree to their clause, make sure you can 100% be included in that class action lawsuit, bc fuck them.


Yes this is possible. The most likely tool to use in this case would be a Home Equity Line of Credit (HELOC). This is a line of credit for which the full amount is backed by home equity (difference between market and book prices). Most likely your financial institution will apply a factor to this collateral to account for various risks which will reduce the maximum amount that can be taken as a line of credit. https://en.m.wikipedia.org/wiki/Home_equity_line_of_credit


Sure, I understand compassion, and I have compassion for things that matter.  Such as an abused child or an elderly adult.  However, why waste the time and energy on having compassion for an animal that we are simply going to eat in 3 months.    What does it accomplish?  Does it make the food taste better?  No, it only raises the cost of the food.


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CAPM is a pricing model.  Not a risk model.  > If you're talking about corporate finance where a firm is considering an investment such as a new project, then a determining a WACC and using it as a discount rate for your cash flow is a basic strategy.  Once again... WACC is a pricing model and has nothing to do with risk modeling.


By earning money, I assume you are being paid a salary [and not allowance] in UK.  For the Financial Year 2013-2014: You are still a tax resident in India. India taxes Global income. Hence your salary from 4th Feb to 31st March, needs to be declared as Income. The tax will be at your total tax brackets. India does have a Double Tax Avoidance Treaty [DTAA] with UK, so you can deduct any taxes you paid on this income and pay balance in India.  Please note that it is not relevant whether you transfer money to India or keep in UK, it does not change the taxability. For the financial Year 2014-2015: Depending on the exact date, you may or may not be a NRI [away for more than 182 days] for tax purposes. If you are an NRI there no tax, else as above para.


If by being a millionaire you mean dollar millionaire then I doubt that it is really that easy in Pakistani context. At present the exchange rate is 107 Pakistani rupees per US dollar so even with this exchange rate, to have a million US dollars means having 107 million rupees of wealth. Now with this maths in mind you can very well calculate how much possible it is for an average 25 years old Pakistani to have that much wealth. And by the time you have 107 million Pakistani rupees of wealth the exchange rate against the US dollar would have only gone up against Pakistani currency. That article which you have mentioned makes calculations in US context and dollar terms. However if you talk only in terms of your country's context then being a millionaire means having 1 million rupees of wealth and that is something which is quite achievable with your salary and within very short span of time.


In the current system it would be irresponsible to pay more than they have to but if corporations get to be amoral people they need tighter regulation because what's good for maximizing profits is rarely good for people. If you want to argue that businesses are more important than people then perhaps profits should receive favorable treatment to people but I highly doubt Lincoln was talking about Walmart when he was talking about a government by the people and for the people. There's plenty of businesses out there charging a fair markup for a quality product or service and paying a fair wage. It's not highly profitable but I think we've been watching the race to the bottom by publicly traded companies maximizing quarterly returns at the expense of literally anything and everything else. Something's gotta give.  Also, your argument implies that you're ok subsidizing Walmart's profit margin with your tax money. Their employees are receiving government benefits because Walmart doesn't pay them well enough to afford it on their own. Figure $6B split 190M ways, we (US workers) all gave Walmart a little over $30 each.


So raise taxes on individuals and eliminate business taxes? The government still has to pay for things eventually. The big thing the US pays for that other countries don't is our massive, most-expensive-in-the-world military, which can take up roughly half our budget, sometimes even more depending on how active we are abroad. That includes paying for current wars, preparing for future wars, and serving the veterans of past wars. We defend other countries through alliances like NATO and bilateral agreements. For that, we need a higher tax rate. We can tax individuals or businesses.


"As for PC Mastercard like stated by @nullability, VISA Desjardins list the ""Pending Authorizations"" almost instantly (the time it's take to get back home) in AccesD (Their Web portal for managing accounts)."


I 100% agree with you.  You have to have a really strong bank acquire the shitty bank, the concept is that the strong bank has the capital reserves and loan loss provisions to absorb and write off the bad debt. Hopefully if shit goes right then in 5-6 years you now have written off or restructured the bad loans and have double the assets.   Kinda like how Santander bought Banco Popolare recently. However, I dunno how that's going to work in India as it's a shit bank buying a shit bank. You kinda need the government to step in and recapitalize the banks which is going to suck, IMF says it could cost up to 2% of the country's GDP to do it.


I went into Sears the other week looking for a tap and die set in their tools section. It looked like a grocery store right before a huge storm was to hit. That is to say that the shelves were nearly entirely empty. I found a set for $100+ which I wasn't going to pay for a single tape and die that I needed. It's no wonder that they are closing stores left and right.


Everything does, to the Luddite mind.  Bluntly, enhancements are the *only* hope of *ever* reaching a genuinely egalitarian society.  Or at least one that doesn't consist of nothing but dead people, which is the only kind of egalitarian society possible so far.


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Maybe the society will evolved into Wall-E's society where robots take care of everything and human just sit and get fat or more time to spend on creative tasks like creating a Mega-Gozilla!  Why do people always assumed the worst when the trend of automation/technology advance is inevitable.


In theory, anything can happen, and the world could end tomorrow.  However, with a reasonably sane financial plan you should be able to ride this out. If the government cannot or won't immediately pay its debt in full, the most immediate consequence is that people are going to be unwilling to lend any more money in future, except at very high rates to reflect the high risk of future default.   Presumably the government has got into this state by running a deficit (spending more than they collect in tax) and that is going to have to come to an abrupt end.  That means: higher taxes, public service retrenchments and restrictions of service, perhaps cuts to social benefits, etc. Countries that get into this state typically also have banks that have lent too much money to risky customers.  So you should also expect to see some banks get into trouble, which may mean customers who have money on deposit will have trouble getting it back.  In many cases governments will guarantee deposits, but perhaps only up to a particular ceiling like $100k. It would be very possible to lose everything if you have speculative investments geared by substantial loans.  If you have zero or moderate debt, your net wealth may decrease substantially (50%?) but there should be little prospect of it going to zero. It is possible governments will simply confiscate your property, but I think in a first-world EU country this is fairly unlikely to happen to bank accounts, houses, shares, etc. Typically, a default has led to a fall in the value of the country's currency.  In the eurozone that is more complex because the same currency is used by countries that are doing fairly well, and because there is also turbulence in other major currency regions (JPY, USD and GBP).  In some ways this makes the adjustment harder, because debts can't be inflated down. All of this obviously causes a lot of economic turbulence so you can expect house prices to fall, share prices to gyrate, unemployment to rise.  If you can afford it and come stomach the risk, it may turn out to be a good time to buy assets for the long term.   If you're reasonably young the largest impact on you won't be losing your current savings, but rather the impact on your future job prospects from this adjustment period. You never know, but I don't think the Weimar Republic wheelbarrows-of-banknotes situation is likely to recur; people are at least a bit smarter now and there is an inflation-targeting independent central bank. I think gold can have some room in a portfolio, but now is not the time to make a sudden drastic move into it.  Most middle class people cannot afford to have enough gold to support them for the rest of their life, though they may have enough for a rainy day or to act as a balancing component. So what I would do to cope with this is: be well diversified, be sufficiently conservatively positioned that I would sleep at night, and beyond that just ride it out and try not to worry too much.


Sure! Obama did such a great job with ObamaCare because he understands better.   So, no chance Trump can do better than him or come with better and more creative solution than Obama or Hillary.  If you did not know, Trump will not design the new plan. Trump and executives do not create plans. Experts and others do the plans based on very general guidelines given to them. Trump and executives just review the plans and ask for any changes they may want. And this whole thing has to be approved by Senate and Congress.  **BOTTOM LINE: after the experience with ACA, and new plan must be better based on lessons learned and real limitations. The whole nation is watching.**


Not illegal, its called treasury stock; happens all the time. Its used to increase the equity (and in theory, stock price) for the remaining shareholders.  A public company won't be a able to repurchase all of its shares unless the company has decided to go private. In that case, a person or other entity will usually purchase all of the outstanding shares of the company, usually at a premium.


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Valid point that if you only have cliche phrases you're going to be useless, and some of these are pure idiocy, but that doesn't mean that managers should go out of their way to avoid using any cliche ever. Sometimes they're the correct phrase or idea for a particular situation.


Fundamentally, there are two differences between traditional and Roth: 1)  With traditional you pay the tax rate that's in effect when you draw it out, with Roth you pay the tax rate when you put it in.  Assuming the same tax rate this is a wash. 2)  As a Roth contains after-tax money this lets you put more in than you could with a traditional.  This is only a benefit if you are in a financial position to put more in, though.  If you can't come fairly close to maxing your contribution this gains you nothing.


"Maybe he is now - I saw his site probably 7 years ago.  The reason I don't take the critic seriously is because it seems that he has a personal vendetta against Kiyo for whatever reason. I'm guessing he has a chip on his shoulder because he disagrees with some of Kiyo's advice, and is pissed off at how much success it brought him. As such, all of his information is extremely negatively biased. It's difficult to separate the facts from everything else. Hence, he is not a reliable source. A reliable and trustworthy source is not biased, and lays out all the facts, good and bad, so that you can create your own opinion.  I take RDPD seriously (mind you, it'd been 10+ years since I've read it) because the advice is overwhelmingly good and positive. Even if a small percentage I disagree with, overall it's still a very good book. I always say: RDPD => Millionaire Mind => Think & Grow Rich + Greatest Salesman in the World (the last 2 at the same time).  I politely disagree that the ""opening the mind"" thing is overestimated, because by definition it's not something that you can overestimate. It is everything, and nothing is more important. The mind is the source of all the money, all your happiness, all your misery. Unless you first get your mind right, it will be impossible for you to become rich (barring some extremely lucky event, such as winning a lottery or getting inheritance). This is why the majority of people who win lotteries go broke - even if the money falls on your lap, unless your mind is ready for it, off it goes again! ""Opening the mind"" as you put it is really the first step - it's what makes everything else possible. So you're damn right that it's worth feeling elated about. :)"


"Is there a reason the author is so ""anti-Amazon?"" Amazon is not a monopoly as the author states incorrectly several times in the article.  It sounds like he is just upset with Amazon for making a very smart business move, and getting into e-books early in the game."


If this is not all the proof you need that Fannie and Freddie need to be shut down completely, then nothing will ever convince you.  Have a TAX PAYER FUNDED entity buying shitty loans from corporate mega banks thereby making money for the banks at the expense of the people who work 9 to 5's paying taxes. Even if you're the most mega left person on /r/politics, if you can support Freddie and Fannie then I just want to cry. :(  130 billion in aid to both of those firms, all our tax payer money, money that could have paid for health care, better schools, roads, NASA, etc, but instead, it all went to the big banks.   Why would anyone want to support that? Because a few low income families might get a house? Why can't those people rent instead? Why can't they live within their means like most of us do?   :(


I guess you are making quite a bit of assumptions without clarifying what you are trying to achieve. As a non-resident you cannot incorporate a sole proprietorship in Singapore. You have to be citizen. Alternatively you can register a company that has its own norms like minimum number of directors and some being Singapore national, etc. As you are paying dividend and not salary to yourself, the company will be required to pay taxes on gains. So all consulting money is gain as there is no expense. The balance when you transfer to Spain would potentially get taxed as income to you subject to DTAA


First off, I'm very sorry for your loss.  Depending on when the money comes in I would park it and give it some time.  After that, one of the best investments is paying off debt.  Right now your net worth is less than 30K and that is really not even accessible until retirement.  If the money is there to pay off the house I would do that.  If there isn't enough to pay off the house then I would pay off the automobile and put all or a sizable portion of the remainder into the house.  Now you have very little risk in your life and most likely much more monthly income to invest in 401K, IRAs, college funds or any other investment. Life insurance is mostly to replace your income if there are people counting on that income (spouse, kids, etc).  Normally this would be invested to hopefully replace that income with the growth of the money.  In your case it doesn't sound like you were relying on your father's income, so this can go to clean up current debt. Finally, depending on your relationship, what kind of person your father was and how he was with financials, what do you think he would want you to do with it?


Let's say they paid you: $300K a year or $3M...would that change your tune?   I've seen the upper end of Hollywood types be absolutely horrid to great people and they will gladly suck it up.  Reason: 1) there is little choice--low percentage of success, 2) All or nothing environment and 3) there is a huge line of people who would kill to have this abusive job.


The only mistake she made was attaching a timeframe to her call. the muni market is structurally flawed and is in severe danger. However the dominos haven't fallen quite like she expected and thus was very wrong on her date. I still think she'll be proven correct, it may just come off more as a slow motion collapse as opposed to the sudden spike she called for.


sorry I disagree, they buy government bonds currently held by private banks (who hold them for account holders), this increased demand for government bonds means that the yield on them decreases, this means the government can then borrow at a lower rate (providing the QE isn't offset by a fall in private demand for bonds as they may be seen as unrewarding in terms of the risk taken), private investors will then turn to other investments offering a greater return, this will then increase the capital stock available and expand output, thus increasing employment


Let's use an example: You buy 10 machines for 100k, and those machines produce products sold for a total of 10k/year in profit (ignoring labor/electricity/sales costs etc). If the typical investor requires a rate of return of 10% on this business, your company would be worth 100k.  In investing terms, you would have a PE ratio of 10.  The immediately-required return will be lower if substantially greater returns are expected in the future (expected growth), and the immediately required return will be higher if your business is expected to shrink. If at the end of the year you take your 10k and purchase another machine, your valuation will rise to 110k, because you can now produce 11k in earnings per year.  If your business has issued 10,000 shares, your share price will rise from $10 to $11.  Note that you did not just put cash in the bank, and that you now have a higher share price. At the end of year 2, with 11 machines, lets imagine that customer demand has fallen and you are forced to cut prices.  You somehow produce only 10k in profit, instead of the anticipated 11k.  Investors believe this 10k in annual profit will continue into the forseable future.  The investor who requires 10% return would then only value your company at 100k, and your share price would fall back from $11 to $10.  If your earnings had fallen even further to 9k, they might value you at 90k (9k/0.1=$90k).  You still have the same machines, but the market has changed in a way that make those machines less valuable. If you've gone from earning 10k in year one with 10 machines to 9k in year two with 11 machines, an investor might assume you'll make even less in year three, potentially only 8k, so the value of your company might even fall to 80k or lower.  Once it is assumed that your earnings will continue to shrink, an investor might value your business based on a higher required rate of return (e.g. maybe 20% instead of 10%), which would cause your share price to fall even further.


Exactly, the only reason for the US to default is if Congress voluntarily does so. I don't think they are self destructive enough to do it tho, it's okay if it happens with the Dems in power, but the current Congress wouldn't want to have that on their backs. Hopefully at least.


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You may get some advice here, but you REALLY need to talk to a tax adviser who is familiar with the laws of both states, or possible two, one from each state.  There is a significant amount of money on the line here, not just tax but penalties and interest if you get this wrong.  Once you get it figured out, you probably will be able to take care of it yourself in the future, but make sure that it gets done right initially.


"In an attempt to express this complicated fact in lay terms I shall focus exclusively on the most influential factor effecting the seemingly bizarre outcome you have noted, where the price chart of VIX ETFs indicates upwards of a 99% decrease since inception. Other factors include transaction costs and management fees.  Some VIX ETFs also provide leveraged returns, describing themselves as ""two times VIX"" or ""three times VIX"", etc. Regarding the claim that volatility averages out over time, this is supported by your own chart of the spot VIX index. EDIT It should be noted that (almost) nobody holds VIX ETFs for anything more than a day or two.  This will miminise the effects described above.  Typical daily volumes of VIX ETFs are in excess of 100% of shares outstanding.  In very volatile markets, daily volumes will often exceed 400% of shares outstanding indicating an overwhelming amount of day trading."


To fairly compare a comp-only job to a job that offers insurance, get a quote for health insurance. Call your local insurance broker and find out what it would cost. Because if you aren't getting insurance from your employer, you'll have to get it elsewhere. If you get a quote on an HSA, don't forget to add in the annual deductible as part of the cost. On the ESPP, I'd count it as zero. The rationale being that so much of your financial status is tied to your employer that you don't really want to tie up too much more in company stock. (I.e. Company hits hard times, stock tanks, and then they lay you off. Double whammy -- both your assets and income.) But given that I've only been employed by companies that no longer exist in their original form, my perspective may be warped.


An emergency fund is your money, sitting in a bank, that you can use for emergency purposes. A line of credit is somebody else's money, that they've provisionally promised to let you borrow.  But they can change their mind at any time.


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"I expect CEOs to manage and lead (mostly the latter since there are COOs and the like for process). What pisses me off isn't when CEOs are slightly computer literate but when they can't delegate. Obviously, I'm not talking about Fortune 500 companies, but smaller SMBs can still have CEOs. Actually, I hate managers that don't actually manage, but rather like ""making decisions"" because they are too insecure to trust somebody's opinion.  Every manager from CEO to PM should read this if they manage techies - http://www.computerworld.com/s/article/print/9137708/Opinion_The_unspoken_truth_about_managing_geeks?taxonomyName=Management&taxonomyId=14"


Apart from making money from the price difference, some stocks also give dividends, or bonus issues. For long term investors whom are looking for steady income, they may be more interested with the dividend pay-out instead of the capital-appreciation.


You should look into the Income Contingent Repayment and Income Sensitive Repayment plans to see which one you may qualify for.  Another possibility would be to start taking courses part time at another college so that you can qualify for a deferment. I'm not sure that you can qualify for a deferment if you are currently in default.  I've found that negotiating did not work in my case, as the collectors' BATNA would result in them getting more money if they refused to negotiate. I also found that every time the student loans went into default, 30% was added to the balance in fees.


Well, if you are going long on a future option, you would not have to risk as much capital. I am interested in commodities, but I want to trade it more conservatively. But I do want to learn about them before I dive in, just so there are no surprises.


If it was me, I would withdraw money from savings and be debt free today.  I would then pour the $500 into building back your savings.  Then of course, never again carry a balance on your CC. At your age MSFRX is a losing game.  You can handle the volatility of better performing funds, I would have zero in there.   If it was me, I would do something totally different then you are doing: Keep in mind you are doing very good as is.  The best way to win with money is to make good moves overtime, and given your debt level, savings, and willingness to contribute to a 401K your moves are pretty darn good.   Keep in mind you will probably want to start saving a down payment for a house.  This should be done outside of your 401K. Overall good work!


What kind of card are you applying for?  My first card was a bank of america card.  I was a back of america customer. I tired getting nicer reward cards,  but I got rejected fit those.  Now they don't stop sending me junk mail.


What should also be clear to you, is that the taliban control over 50% of Afghanistan and you don't even control Kabul  What should be even clearer to you, is that the Taliban don't need to go anywhere when they control of 50% of Afghanistan and you don't even control Kabul  What should painfully clear to you is that the Taliban control over 50% of Afghanistan and you don't even control Kabul, there fore you got your ass kicked by 2 Goats and a sheep turd  Resign you incompetent asshole


"It depends.  ""High net worth individuals"" is very subjective.   Lets say a person is worth 1.5 million.  High, but not super high.  For one, they should have an umbrella policy.  Until your net worth is above 300K, you really don't need an umbrella policy.  They should insure their home and cars, but should probably have high deductibles.  Health insurance is a must as a bad illness can wipe them out.  They should have long term care insurance when they reach age 60.   Now lets say a person is worth about 10 million.  They might be able to self insure basic transportation and probably don't need long term care insurance.  However, they may choose to carry the full coverage car insurance, or other lines, because it is a value.   In conclusion insurance needs change based on a person's net worth and income.  It is very hard to make a blanket statement without details of the makeup of one's net worth and how they earn their income. Having said all of that, a high net worth (HNW) individual may never be able to drop certain coverage.  Lets say that a HNW owns a 50K condo, 1K square foot condo.  Given that the outside structure is covered by the HOA the insurance on such a unit only covers the contents and liability.  The contents could easily be floated by the HNW individual, but not the liability.  It is probably a requirement, on their umbrella policy, that they carry the maximum liability protection on their vehicles and properties.  In the case above they would carry a policy for the purposes of liability protection. This could also be true of their dependents.  Say for example, their adult child receives some financial assistance from their parents (like college being paid for).  The HNW individuals should have their child cover the maximum liability on the auto policy. According to this site:  A person with a net worth of 1.5 million would be in the 90-95 percentile, a person with 10 million in the 99th. This article does a decent job of describing what constitutes a HNW person or household.  Namely 1 million in investable assets, which is of course a bit different then net worth."


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"For 401(k) and regular IRA, you pay income tax on withdrawals from the account. At a certain age, there is a ""required minimum distribution"". This is an amount you must withdraw from the account or you face penalties. I've also read about, but am not familiar with, mechanisms by which you can retire early and start taking withdrawals before the regular official retirement age. (These may or may not be legit, I didn't do any research on it.) A Roth IRA, which is not ""tax deferred"" and thus not technically covered by your question, there is no tax on withdrawals (assuming you are at retirement age) and no required minimum distribution. Something to watch out for on your accounts are fees that they charge for withdrawals. I was in a 401(k) once that had a $50 fee per-withdrawal. A monthly check from this account would eat your money! I paid the fee once, when I rolled it into an account at a brokerage after leaving the company."


"Verbal agreements are not legally binding. Unless you have signed a new lease agreement, you are not obligated to continue renting the property - you are free to go.  On the other hand, if you really like the place and want to stay, you should sign another lease agreement. This agreement will be binding on whomever owns the home - whether it is your current landlord, a bank or a new purchaser.  But, if you go this route, make sure that there is not a clause that says the lease agreement is void upon foreclosure (or something similar). This is a standard clause in lease agreements allowing the bank to cancel the lease. Another option, if you really like the house is to offer to buy the property. If the property is being foreclosed on, you could suggest buying on a short sale. Here is a link to an article I wrote entitled ""Buy Instead of Rent: A Recovering Real Estate Market"" that discusses the benefits of buying rather than renting."


Context clues hun. I was talking about if you go to Chilis and swipe your card for $20 and leave a $5 tip the processing amount the bank takes into account when telling you your available balance is much more likely to be $23 than $25. So the bank knows I went to Chilis the second I swipe my card, but doesnt know the exact amount. I was saying a lot of people dont understand that. They see they spent X at Chilis (processing) and assume it to be fact. I don't understand why you're having such a difficult time with this concept.   Also comparing swiping a debit card as credit to writing a check (in terms of when they show up on your account) is a terrible comparison. When a check goes through the accurate balance is taken out all at once a few days later, but when you swipe a debit card as credit a tentative balance is taken out immediately and adjusted to the actual balance when it settles.   And calling me ignorant because I don't need the help writing down where my money is at or goes is pretty ironic.


"Paypal forbids using their credit card service to ""give yourself a cash advance or help others to do so"". For small ammounts you may get away with it but pushing $10K through a PayPal account is going to raise red flags. In the USA it seems that some cards allow balance transfers from other types of loan while others are restricted to credit cards only. So that is a possibility. Another option can be to find a card with a good deal on purchases. Then move your regular purchases to the card and use the money you would normally have spent on purchases to pay off the other loan. Remember credit cards can be either a very cheap way to borrow or a very expensive way. Which one they are depends on how good you are at negotiating the traps they set up for you. If you do use a credit card deal make sure you  Is it overall a viable option? That depends on the details which are not specified in your hypothetical scenario incluing the persons credit rating , what the interest is like on the existing loan and what the expected time to repay the debt is."


Overall I think your idea is sound. The key here is to  choose that 401k provider wisely and have a specific asset allocation plan (like Joe mentioned) Summary of this approach: Pluses:  Minuses: I'd consider Vanguard for simple, no frills investing. If you're looking to get into choosing stocks, check out the Motley Fool.


Kraemer & Kraemer is well perfect in the complexities of international commercial and financial practices. We provide legal solutions to key corporate clients. We are the well-versed Law firm in Panama. Our capability stretches across various jurisdictions. Our staff is young professionals who are very dynamic and have a with a high sense of responsibility and ethics that provide his best service.


So you think people should be *forced* to serve coffee, rent apartments, issue credit cards, or sell stuff to neo-nazis?  I think disenfranchising a neo-nazi is more likely to help change their mind than trying to silence them, or convict them of thought crimes.


Did you read what I wrote? I sold some stock for a gain, that's a taxable event.  Are you trying to say I just shouldn't have sold it? Do you understand investing at all?   And the second point is moot, I still had to pay the tax, having write offs doesn't change the fact that my taxes were higher(more importantly that they would have been much higher if I couldn't take advantage of capital gains.)


"Yes, except many, many Icelanders still owe debt on assets they purchased in krona (the Icelandic dollar) before it collapsed.  Now many are stuck with homes, vehicles, etc. on which they owe twice the underlying value.  You'll often see this referred to as ""private debt overhang"" in financial news articles, and it is not reported on nearly enough.  Just letting the banks fail doesn't unwind all of the ridiculous currency speculation that took place in Iceland.  They may be on their way to recovery...eventually...but they're still in terrible shape in the short term."


"I up voted JoeTaxpayer but i would like add a couple of things. Dollar Cost averaging over a 5 day period is in no way practical.  If you get a 1% swing in that time that would be quite a lot. Personally I think 5 years is way to long.  When markets go down they go down fast. I would suggest 1 to 2 years investing quarterly.   I would hate seeing you miss out on market gains for a 5 year period on the last of your money. The whole point of Dollar Cost averaging instead of market timing is the mantra ""Its about time in the market not timing the market""  So if you have money on the sidelines for years you are missing out on your time in the market."


"I hate to be the guy that says this but if you are indeed competing in the CFAI Research Challenge it is probably important. Remember you cannot use CFA as a noun (CFA's) you can only use it as an adjective ie a CFA charterholder.  As far as you question, what was provided below is pretty much all you need. Security Analysis, anything from the NYU professor and Greenwald stuff (although Greenwald, like someone already mentioned, is balance sheet focused) will get you where you need to go.  I am not sure what you mean by ""exotic valuation"" methods. As far as I know, the three most accepted and used valuation models by practitioners are the DCF model, the multiple model and the residual income model.  DCF uses short term cash flows and a terminal value discounted to today at some discount rate. The multiple model puts some multiple on earnings, book value, cash flow to arrive at a fair value. The residual model is the opposite of the DCF. One starts with the assets book value, then accrues all income generated in excess of WACC from all future periods.  Find some CFAI Level 2 books on equity and bond valuation. They pretty much cover it all.  And for a closing note, to perform well in investing and valuing companies it is not about what valuation model you use. Focus on WHY an asset should be worth what you think it is worth, not HOW you get to some valuation of that asset. Just my two cents."


We did it where I used to work. Take IT, as an example, where a developer's time was priced close the market prices. The company, though in a completely unrelated area, did have some conference rooms that could be rented and the price was the same internally externally.  The good things about the system was that costs where adequately accounted for. Also, departments that might have been only cost centres actually could turn a profit by servicing internal customers.


Right so let's get rid of the civil rights act and go back to segregated diners. The realities of a capitalist society are more nuanced than the ownership ideology you espouse. If property rights were defended with this much vigor, then the tyranny of government would swiftly be replaced by the tyranny of the plutocrats. We live in a better world because those who provide services to the public are required to treat the public with fairness. Life, liberty and the pursuit of happiness and all that. These concepts are also a part of the constitution.


Very appropriate use of the quotations. this isn't a solution. this is akin to a doctor to negligent to do their job to save a patient and putting them on life support hoping to keep them going as long as possible to hide their incompetence before the shit hits the fan. Only a fool would think they could keep the patient alive forever.


> It's as if capitalism has a natural tendency to make the strong even stronger and lead to monopolies that eventually screw the public! >   Slow down there Marx, even in this example people are getting goods cheaply and more conveniently. It's hard to find examples of large businesses that actually end up making their customers worse off by beating off all competitors with low prices then raising prices after.


> Water is — I mean we’d be willing to pay almost anything for water, but it’s really, really cheap  Because price has nothing to do with how much need it and everything to do with how scarce it is.  Water is needed 100% by all humans every day of their life but it's abundant.  The price reflects the abundance.


I realised this pretty brutally this year. I hit six figures and was like, wait, what, why isn't life just cruise control rich mode now? Oooooooh, I need to do other stuff as well, fuck, I wasn't prepared for this. It's good now though :)


does your sister agree to sell her share of the house?  Will you live in the house or rent it out?  In Australia if you rent out the house you can claim on expenses such as interest deductions, advertising cost, advertising to get tenants in, maintenance cost, water & sewerage supply charge, Land tax, stamp duty, council rates.  A percentage of these expenses can be used to reduce your gross income and therefore reduces your tax liability (called negative gearing).  Not sure how other countries handle investment properties. If you plan to live in the house and not rent it out and you have spare cash to buy outright then do so.  You don't want to be in debt to the bank


The payments might be on time, but the aren't made the same numbers of days apart: The percentage of the daily payment for interest is decreasing, but the numbers of days wasn't constant.


Hey i work in the finance sector at management level. For the role you are applying for time management is a must, make sure you have some well prepped solid examples to go through. Same with stakeholder management, try to think of examples where you've had to influence the opinion of others.  Has the firm given you a structured answer format to follow? If not i would recommend you follow the STAR format for each question as its easy to pick up... Situation, Task, Action & Result... Try to throw in what you learnt from each experience too.  Remember to take have some questions ready that you would like to know about the role or company... Questions like 'what would success look like in this role' are always good.  Good luck! Got to go for food right now but feel free to contact me if u need any advice


"Debt cripples you, it weighs you down and keeps you from living your life the way you want.  Debt prevents you from accomplishing your goals, limits your ability to ""Do"" what you want, ""Have"" what you want, and ""Be"" who you want to be, it constricts your opportunities, and constrains your charity. As you said,  Graduated in May from school.  Student loans are coming due here in January.  Bought a new car recently. The added monthly expenses have me concerned that I am budgeting my money correctly. Awesome! Congratulations.  You need to develop a plan to repay the student loans.  Buying a (new) car before you have planned you budget may have been premature. I currently am spending around 45-50% of my monthly (net)income to cover all   my expenses and living. The left over is pretty discretionary, but things   like eating dinner outside the house and expenses that are abnormal would   come out of this.  My question is what percentage is a safe amount to be   committing to expenses on a monthly basis? Great!  Plan 40-50% for essentials, and decide to spend under 20-30% for lifestyle.  Be frugal here and you could allocate 30-40% for financial priorities. Budget - create a budget divided into three broad categories, control your spending and your life. Goals - a Goal is a dream with a plan. Organize your goals into specific items with timelines, and steps to progress to your goals. You should have three classes of goals, what you want to ""Have"", what you want to ""Do"", and who you want to ""Be""; Ask yourself, what is important to you. Then establish a timeline to achieve each goal.  You should place specific goals or steps into three time blocks, Near (under 3-6 months), medium (under 12 months), and Long (under 24 months).  It is ok to have longer term plans, but establish steps to get to those goals, and place those steps under one of these three timeframes. Example, Good advice I have heard includes keeping housing costs under 25%, keeping vehicle costs under 10%, and paying off debt quickly.  Some advise 10-20% for financial priorities, but I prefer 30-40%.  If you put 10% toward retirement (for now), save 10-20%, and pay 10-20% toward debt, you should make good progress on your student loans."


In most jurisdictions, you want to split the transactions. Why? Because you want to report capital gains on your investment income, and this will almost always be taxed at a lower rate than employment income. See Wikipedia's article for more information about capital gains. In Canada, you pay tax on 50% of your realized capital gains. There are also ways to shelter your gains from tax; in Canada, TFSA, in the US, I believe these are 'roth' accounts. I actually think you have to split the transactions, at least in Canada and the U.S., though I'm not absolutely sure. Regardless, you want to do so if you plan on making money with your investments. If you plan on making a loss, please contact me as I'm happy to accept the money you are planning on throwing away.


So I want to sell my 100 shares of AAPL to him at a price of 10 or   even 1 US Dollar. Is that legal/allowed? Of course. It's your stocks - do with it what you want. if the two persons are not served by a same broker. You'll have to talk to your broker about the technicalities of the transaction. if the person who sell are US citizen and the person who buy are not, and and vice-versa Since you asked specifically about US citizenship, I'll assume you're in the US or the transaction is taking place in the US. Citizenship has nothing to do with it (except may be for economic sanctions against Russians or Iranians that may come into play). What is important is the tax residency status. Such a transfer is essentially a gift, and if you're a US tax resident (which doesn't correlate to your immigration status necessarily) - you'll have to deal with the gift tax consequences on the discount value. For example - you have 100 shares of AAPL which you sold to your friend for $1 each when the fair market value (FMV) was $501. So essentially, the friend got $50,100 value for $100. I.e.: $50K gift. Since this amount is above the annual $14K exemption - you'll have to deal with the gift tax and file gift tax return. There are also consequences for the capital gains tax for both you and your friend. I suggest you talk to a licensed tax adviser (EA/CPA licensed in your State) about the specifics given your circumstances. If you (or the recipient) are also a foreign citizen/tax resident - then that country's laws also may affect your situation.


"No, they are outselling select models than competitors who have a much broader product range. Each of those sells many times more cars than Tesla and here's a newsflash, they don't make their bread and butter selling the high end cars. Get back to me with total numbers of cars sold and a real market share figure. If the Model 3 outsells the entire range of 3-series cars or A4s, let me know. For the record, BMW sold nearly 150,000 3-series cars last year, and delivered over 2.4 *Million* cars worldwide last year. Tesla, across all models they offer sold less than half of JUST 3-series sales.  I don't know if you need a banana for scale or what but Tesla is hardly even a blip on the radar when it comes to market share, period. And no, you cannot compare their Model S to ONE model that anyone else offers, or ""COMBINEDZOMG!"", that's cherry picking and utterly useless data."


"Here's what a US ""free trade"" agreement looks like to any foreign nation  1) You must buy our very expensive drugs   2) You must allow all our products in without tariffs    3) You must adopt our fucked up copyright laws     4) Fuck You."


Well a) some people aren't in an area where broadband is even offered and b) if all you want is email, instead of giving your cable company $50 a month, giving AOL $21 a month is a better deal.  That said, it's probably also true that a huge percentage of their users are still there through inertia or the misguided assumption that they'll lose their aol.com address.


"From Intuit: ""Yes, but there are limits. Losses on your investments are first used to offset capital gains of the same type. So short-term losses are first deducted against short-term gains, and long-term losses are deducted against long-term gains. Net losses of either type can then be deducted against the other kind of gain."" ""If you have an overall net capital loss for the year, you can deduct up to $3,000 of that loss against other kinds of income, including your salary, for example, and interest income. Any excess net capital loss can be carried over to subsequent years to be deducted against capital gains and against up to $3,000 of other kinds of income."" So in your case, take the loss now if you have short term gains.  Also take it if you want to take a deduction on your salary (but this maxes at 3k, but you can keep using an additional 3k each year into the future until its all used up). There isn't really an advantage to a long term loss right now (since long term rates are LOWER than short term rates)."


You can trade currency ETF options on IB. It is SIPC insured; the options are just like vanilla options in Saxo.


this will not work, why they fuck they are slow to act? are they waiting for something while robbing everyone blind... just go to a rich guy and take his stuff he will never share, never. he will lie and cheat like mr gates here.


Is there some evidence in the article or elsewhere that the purpose is to kill off these competitors rather than simply to compete?  Competition is normally considered good in these kinds of situations, as it cranks out better efficiencies (for which an argument can be made here), but taking actions specifically for the purpose of killing off competition is not good because it reduces the pressures on efficiencies.  Killing off competition by artificially lowering prices below real market value is considered dumping, but I don't really see evidence of that in the article. Is there some hidden somewhere or is the article just trying to make a point without any basis?  I do have concerns about the Amazon play, but sensationalist or bias-driven reporting won't help me puzzle through them.


Economic cycles are highly predictable, but it takes many years of study, and there are many variables involved. Obviously, upon examination of the historical returns of the market, being only half correct about buying near bottoms and selling near tops is more profitable and less variant than buy & hold. If you've spent many decades on this Earth and are honest with yourself, you can sense the various times.  Try now: are we closer to the top or the bottom?  It should be obvious.


I know that assets like bonds have prices that have an inverse relationship with interest rates, but what other assets do as well? I'm a bit new to finance and all that so I'm trying to learn. Would real estate prices be high as well? If so, why?


But the article doesn't say you go to these people's homes to purchase the stuff. I assume they bring items to fairs, markets, etc. You never know if cats are on counters or their children are sick and sneezing on everything. It is much easier to send a sick worker home from a business, but you can't really do that when your business is in your home.


Waterkoelers zijn verkrijgbaar in veel maten en zijn zeer gebruikelijk in pauzes op de werkplek. Het kopen van een waterkoeler voor thuis of op kantoor kan een breed scala aan voordelen bieden. We weten allemaal dat hydratatie belangrijk is en veel mensen geloven dat water de beste en meest natuurlijke manier is om goede gezondheid te behouden.


"1$?  No, my SSN is worth way more than that. I've gotten a ""our system has been hacked, your info might be compromised, here's one year protection"" letter 3 times in my life from 3 companies. I'm so thankful I'm lucky I wasn't someone who's info was used for nefarious deeds.  Having personal info like this stolen should have a much more sever penalty.   Try $1,343 per person's info stolen, as that is the average cost to an individual who is a victim of identity theft [as determined by the DOJ in 2014](https://www.csid.com/2016/09/real-cost-identity-theft/).  You lose 143 million people's info to hackers, you bet your ass it's going to cost you. It will cost you $192,049,000,000  Since that would destroy most companies, and identity theft destroys individuals, having the average cost as a penalty would make companies think twice about skipping out on solid infrastructure and protection for their user's data.  I'm currently coding an application with a database that takes user login credentials (including passwords). You bet your ass I'm making sure this ship is secure before I let anyone use it."


"I sort of do this with credit cards. I actually have 4 AMEX cards that I've accumulated over the years. Certain types of expenses go on each card (""General expenses"", recurring bills, car-related and business-related) I use AMEX because they have pretty rich iPhone/Android applications to access your accounts and a rich set of alerts. So if we exceed our budget for gas, we get an email about it. Do whatever works for you, but you need to avoid the temptation to over-complicate."


Pros: Cons: Before the housing bubble the conventional wisdom was to buy as much home as you could afford, thereby borrowing as much you can afford.  Because variable rates lead to lower mortgages, they were preferred by many as you could buy more house.   This of course lead to many people losing their home and many thousands of dollars. A bubble is not necessary to trigger a chain of events that can lead to loss of a home.  If an interest only borrower is late on a payment, this often triggers a rate increase.  Couple that with some other things that can happen negatively, and you are up $hit's creek. IMO it is not wise.


"There are two different issues at play here, and they are completely separate from each other: A bank or cashier's check is ""safer"" than a regular personal or business check because it avoids problem #1. Problem #2 exists with all kinds of paper checks. I assume the reason the warnings are about cashier's check moreso than personal checks, is simply because people already know to wait for personal checks to clear before handing over merchandise to the buyer. People are less likely to do that when receiving cashier's checks, but perhaps they still should if there is any doubt about the validity of the check. One could argue that a cashier's check actually provides a false sense of security due to this (to the receiver). On the flip side, if you are the payer, then a cashier's check could be thought of as more secure than a personal check because you don't have to reveal your bank account information to a stranger."