Are there other examples of this happening and records of stock prices and behaviors after these types of buyouts?   Could it be possible that KKR is getting the shit end of the stick? Or is this a smart move for KKR to consolidate these entities?


Thank you fgunthar. I was not aware of ILWs, but I agree - this is also the closest thing I've found.   As for starting a fund, I'm unfortunately nowhere near that point. But, my curiosity seems to inevitably lead me to obscure areas like ILWs.


Are you suggesting when they break a law involving a small portion of their total business they pay fines involving all portions of their business?  I'm suggesting when they break a law, they pay fines related to the crime comitted. So relating how much their fine was on a tiny portion of their business should not be compared to total quarterly profits, unless those profits were related to the crime. Similar punishment methods to most crimes individuals commit.


"No, it's not a closed loop. Most currency in circulation is bank credit, meaning money that originates from loans that originated from a bank. Once the loans are repaid, the ""money"" that was created by the loan disappears - freeing up the bank to make more loans. This is how fractional reserve banking works. [Check this out](http://www.youtube.com/watch?v=W3hLKpKv3ME) for more info (it's really interesting actually).  Not to say that the rich aren't ""sopping up"" too much cash. It definitely is a problem..."


Deficiency in Vitamin B2 will result to hair loss. Hair Eternity RDA for this vitamin is completely different in men and in women. Women want one. two mg of it per day while men need 1.6 mg per day. These vitamins are typically presented as B complex vitamin. It is abundant higher if you are taking it with Vitamin C for higher absorption. This is also another nice hair growth supplement. Hair Eternity Reviews can be very valuable when it comes to hair regeneration. Girls who need to have long hair quick should take this supplement for hair growth. Most dermatologists suggest biotin supplements to their as part of their hair restoration treatment.


There should be no problems with CBP; they'll take the form and may ask some questions, but it is completely legal. I would be worried to carry so much cash around though, and many places might not readily accept cash. You cannot rent a car (without a huge cash deposit), and you cannot book hotels or anything else online with the cash. If you have any way to have a credit card, prefer that. If this is not possible consider even buying a refillable card in a supermarket after arrival.


Apple is eating the lunch of Nokia, Rimm, and Sprint. A quick check of their balance sheets and financial data will clue you in. I wont even get into the stock prices, that story tells itself. iPhone or bust!


"IF the price of the property (1) increases A LOT, you will just break even, on the huge expenses of home owning. IF the price of the property (2) increases A HUGE AMOUNT, you will make lots of money, due to the leverage. IF the price of the property (3) stays even, you will LOSE a tremendous amount of money. It's much like owning a car - constant expenses. That's all there is to it. It's well worth bearing in mind that property prices for your area / your property need to be constantly increasing for you to merely break even. Note that over long periods of time prices tend to go up (most anywhere - but not everywhere). Many people basically base their thinking on that. It will be OK ""in the long run"". Which is fair enough. I believe one huge factor is that it is enforced saving. That is the number one advantage for most. Note too that in most/all jurisdictions, there are tremendous tax advantages, even if it turns out to be situation (1) (i.e. a waste of time, you only break-even). Note finally that there are, indeed, tremendous social/financial advantages to having the equity: it gets incredibly easy to get other loans (for business or the like) once you own a house; this is undeniably an advantage (perhaps press your husband on that one)."


"Why do you think you are entitled to ""fairness""? In this world you get what you get. I am pretty sure your employer is not paying you for how you ""feel"" either. And by-the-way turning up on time and not leaving early is not exceptional behaviour; it is expected behaviour. Bottom line: do you add more value to your employer's business then the new hires? If so, ask for a raise, if not find a way to add more value and then ask for a raise or keep doing what you're doing and accept what you get."


You have some of the math right, but are missing a few things. Here's what I can offer - if I leave anything out, someone please expand or clarify. Rental income can be reduced by mortgage interest and maintenance costs (as you mentioned), but also by property tax payments, association fees, insurance costs, landlord expenses, and depreciation. Note that if you don't live in the property for 3 years, you'll have to pay capital gains tax if/when you sell the house. You can live in it again for 2 of the last 5 years to avoid this. Many people recommend only assuming you will get 10 months of rental income a year, to account for transitions between tenants, difficult in finding new tenants, and the occasional deadbeat tenant. This also adds a buffer for unexpected problems you need to fix in the house. If you can't at least break even on 10 months of income a year, consider the risk. I think there are also some cases where you need to repay depreciation amounts that you have deducted, but I don't know the details. Renting out a house can be fun and profitable, but it's very far from a sure thing. I'd always recommend preparation and caution, and of course talking to professionals about the finances, accounting, and lease-writing. Good luck!


I find that when I have to justify why I want something to someone else, I eliminate impulse buys because I have to think about it enough to explain to someone else why it is desirable. Simply going through that process in my own head in advance of a conversation to justify it I talk myself out of a lot of purchases. I'm married, so I have these conversations with my wife. She is very supportive of me buying things that I want if they will bring value. If I wasn't married and couldn't control my spending, I'd find a good friend or relative that I trust, and I would create a trust with me as the primary beneficiary, and I would appoint a trustee who was willing to sign off on any purchase that I wanted to make after justifying it to them. If I had no friends or relatives that I trusted in that role, I'd hire a financial adviser to fill the same role. Contractually I would want to be able to terminate the arrangement if it was not working, but that would mean sacrificing the legal fees to alter the trust and appoint a new trustee.


Dividends are not fixed. A profitable company which is rapidly expanding, and thus cash-strapped may very well skip dividends, yet that same fast growth makes it valuable. When markets saturate, and expansion stops, the same company may now have a large free cash flow so it can pay dividends.


Even with non-voting shares, you own a portion of the company including all of its assets and its future profits.  If the company is sold, goes out of business and liquidates, etc., those with non-voting shares still stand collect their share of the funds generated.  There's also the possibility, as one of the comments notes, that a company will pay dividends in the future and distribute its assets to shareholders that way. The example of Google (also mentioned in the comments) is interesting because when they went to voting and non-voting stock, there was some theoretical debate about whether the two types of shares (GOOG and GOOGL) would track each other in value.  It turned out that they did not - People did put a premium on voting, so that is worth something.  Even without the voting rights, however, Google has massive assets and each share (GOOG and GOOGL) represented ownership of a fraction of those assets and that kept them highly correlated in value.  (Google had to pay restitution to some shareholders of the non-voting stock as a result of the deviation in value. I won't get into the details here since it's a bit of tangent, but you could easily find details on the web.)


Promotion of any stock should be treated with extreme suspicion, since the purpose is generally to make money for the promoter, not to inform the public.


Have you tried calling a Forex broker and asking them if you can take  delivery on currency? Their spreads are likely to be much lower than  banks/ATMs.


"The heart of the question is: why can't Bill just pay whatever he owes based on his income in that quarter? If Q2 is gang busters, he'll increase his tax payment. Then if Q3 is surprisingly slow, he'll pay less than he paid in Q2. I think what's most interesting about this question is that the other answers are geared towards how a taxpayer is supposed to estimate taxes. But that's not my objective -- nor is it Bill's objective. My [his] real objective is:  In other words, the answer to this question either needs to deal with not overpaying, or it needs to deal with mitigating the underpayment penalty. AFAICT, there are 2 solutions: Solution 1 Figure your estimated taxes based on last year's tax. You won't owe a penalty if your withholding + estimated tax payments in each quarter are 25% or more of your previous year's tax liability. Here's the section that I am basing this on: http://www.irs.gov/publications/p505/ch04.html Minimum required each period.   You will owe a penalty for any 2011 payment period for which your estimated tax payment plus your withholding for the period and overpayments for previous periods was less than the smaller of: 22.5% of your 2011 tax, or 25% of your 2010 tax. (Your 2010 tax return must cover a 12-month period.) Solution 2 Use the ""Annualized Income Installment Method"". This is not a method for calculating estimated taxes, per se. It's actually a method for reducing or eliminating your underpayment penalty. It's also intended to assist tax payers with unpredictable incomes. If you did not receive your income evenly throughout the year (for example, your income from a shop you operated at a marina was much larger in the summer than it was during the rest of the year), you may be able to lower or eliminate your penalty by figuring your underpayment using the annualized income installment method. Emphasis added. In order to take advantage of this, you'll need to send in a Schedule AI at the end of the year along with a Form 2210. The downside to this is that you're basically racking up underpayment penalties throughout the year, then at the end of the year you're asking the IRS to rescind your penalty. The other risk is that you still pay estimated taxes on your Q2 - Q4 earnings in Q1, you just pay much less than 25%. So if you have a windfall later in the year, I think you could get burned on your Q1 underpayment."


>Currency has value because it can be used to pay taxes.  It would be very hard to do something such as sell a car without currency. You would have to find someone who not only wanted your car, but who had enough stuff that was directly useful to you, that they could trade for the full value of your car. Like, you can't sell one car to a bunch of people who have smaller things that you want, you can only sell it to an individual who has exactly that collection of stuff that you want.


I tried to get an iced coffee at BK. They were not capable of making one. Their pre-made iced coffee was sweet. I settled for hot coffee.   - your customers are heavy fast food users who like sugar - your employees are not empowered to add ice to coffee to create iced coffee.  - I gave you a chance BK! You blew it!


As you say, if you delay paying your bills, your liabilities will increase. Like say your bills total $10,000 per month. If you normally pay after 30 days, then your short-term liabilities will be $10,000. If you stretch that out to pay after 60 days, then you will be carrying two months worth of bills as a short-term liability, or $20,000. Your liabilities go up. Assume you keep the same amount of cash on hand after you stretch out your payments like this as you did before. Now your liabilities are higher but your assets are the same, so your working capital goes down. For example, suppose you kept $25,000 in the bank before this change and you still keep $30,000 after. Then before your working capital was $25,000 minus $10,000, or $15,000. After it is $25,000 minus $20,000, or only $5,000. So how does this relate to cash flow? While presumably if the company has $10,000 per month in bills, and their bank balance remains at $25,000 month after month, then they must have $10,000 per month in income that's going to pay those bills, or the bank balance would be going down. So now if they DON'T pay that $10,000 in bills this month, but the bank account doesn't go up by $10,000, then they must have spent the $10,000 on something else. That is, they have converted that money from an on-going balance into cash flow. Note that this is a one-time trick. If you stretch out your payment time from 30 days to 60 days, then you are now carrying 2 months worth of bills on your books instead of 1. So the first month that you do this -- if you did it all at once for all your bills -- you would just not pay any bills that month. But then you would have to resume paying the bills the next month. It's not like you're adding $10,000 to your cash flow every month. You're adding $10,000 to your cash flow the month that you make the change. Then you return to equilibrium. To increase your cash flow every month this way, you would have to continually increase the time it takes you to pay your bills: 30 days this month, 45 days the next, 60 the next, then 75, 90, etc. Pretty soon your bills are 20 years past due and no one wants to do business with you any more. Normally people see an action like this as an emergency measure to get over a short-term cash crunch. Adopting it as a long-term policy seems very short-sighted to me, creating a long-term relationship problem with your suppliers in exchange for a one-shot gain. But then, I'm not a big corporate finance officer.


You definitely should NOT do what you are doing now (#2) since this is not a reflection of what actually is going on.  (Unless you actually did transfer the equities themselves and not the cash.)    Your first option is correct solution. As noted by mpenrow you need to make sure that the target account is also tax deferred.  If that still doesn't work and there is a bug you should still do it this way anyway. If it messes up your tax planner just make sure to include a comment so that everyone knows what is really going on. When I have had issues like this in the past I always try to stick to whatever is the closest indication of what actually occurred.


I don't know.  Who's to say the internet won't take over here as well.  Who needs satellite radio when you have pandora and unlimited data plans on your phone which connects to your car.  Sure right now it is cumbersome but in a few years... radio may find itself in dire straights as well.  Although i agree for the time being it is better protected than TV.


The pay for leave isn't, or rather shouldn't be a medical expense, but a EI compensation. The point is to take the pressure off the small to medium business owner and put it back on the government where it belongs. Even worse, in the US, mat leave is currently unpaid unless your company deems otherwise, though there are some state level exceptions to this.


To me this is a tax structure that is working as it should. The tax code is providing strong incentives for Starbucks to expand. During the initial breakthrough period they are incurring significant expenses. These huge costs are being offset somewhat by the provisions in the tax code. The government in this case has provided a system by which Starbucks is encouraged to grow their volume of future taxable revenue.   Simple :-)   Edit:  After further review of the article, it's not quite as simple as I made it out to be in my above comment. I think the point is still valid however.


"Is it equity, or debt? Understanding the exact nature of one's investment (equity vs. debt) is critical. When one invests money in a company (presumably incorporated or limited) by buying some or all of it — as opposed to lending money to the company — then one ends up owning equity (shares or stock) in the company. In such a situation, one is a shareholder — not a creditor. As a shareholder, one is not generally owed a money debt just by having acquired an ownership stake in the company. Shareholders with company equity generally don't get to treat money received from the company as repayment of a loan — unless they also made a loan to the company and the payment is designated by the company as a loan repayment. Rather, shareholders can receive cash from a company through one of the following sources: ""Loan repayment"" isn't one of those options; it's only an option if one made a loan in the first place. Anyway, each of those ways of receiving money based on one's shares in a company has distinct tax implications, not just for the shareholder but for the company as well. You should consult with a tax professional about the most effective way for you to repatriate money from your investment. Considering the company is established overseas, you may want to find somebody with the appropriate expertise."


Honestly I would look for a house you can afford and one that is below the maximum amount of what they are willing to lend you.  The reason is owning a house is not a quick loan that you can pay off in a year or two (unless you're rich then I would question why are you even bothering with a loan). This is a long term commitment; can you honestly say your job will provide the money for the mortgage, the upkeep and remodeling of the house (even if it's the perfect house you will want to change something, make the bathroom bigger, put in a pool table etc.. etc..), living expenses and any hiccups life throws at you? Like most of us, that answer will be no. Always have money and supplies for that rainy day, for those lean days. For that mortgage payment. And if nothing happens you can always use the money to pay the mortgage off faster or take a vacation.


Pretty sure if some of the places I worked had even a fraction of the scale breach that Equifax had, they'd lose the ability to bid on our win any government contracts and would see massive layoffs as an immediate, direct result.


Oh, give me a break. This argument asserts that people can never veer from the career path they chose at 17 when applying for universities. It's also inconsistent to state that veterans--regardless of whether they studied IT or cybersecurity--are qualified, then go on to state that only people who studied IT in university are qualified. This argument asserts that all adult education and job retraining efforts are for naught, and that experience on the job is less important than the primary focus of study decades ago.    Seriously, give me a break, and join the real world.  I'm not making any claim as to her competence in the role because there were clearly severe mistakes made, but the idea that decades-old coursework in a constantly-changing field is somehow more valuable than recent experience is ludicrous.   Should I fire my DBA who has a law degree, since despite his 25 years IT experience, he clearly doesn't have any interest in informatics?  Should I fire my PM who was a non-degree-holding housewife until entering the workforce eight years ago after her divorce?  Should I promote my MBA-holding Marine rifleman to head Risk & Compliance, since military experience is apparently more applicable than the Finance degree of the person who currently holds the role?  The only thing at issue here is whether she has training or certifications, hired experienced experts for key roles, built a culture of openness and honesty, followed best practices, and built a competent organization.  Her actions are what speak to her inability to properly manage her organization; what undergraduate degree she holds doesn't matter one whit.


I really wonder how much you have traveled of these countries. That article literally depicts the worst of India. Having traveled extensively to both countries, they both have their share of problems but I think India is better positioned economically. And the natural resource argument for Russia is becoming less and less relevant.


Bullshit. I asked for a study, You know research. I care little off your logic...Are you mental? Every Nobel winning economist, most professors and renown economists will tell you that the tax break didn't create jobs that wouldn't have been created otherwise. You talk about History, may be you should learn it carefully, Reagan raised taxes, the new deal didn't materialize out of thin air. Show me a study from a well known research or else with all due respect please STFU, and let smart people make decisions.


Given a routing number / account number, it's easy to print a check with those details.  All you need is a MICR font.  No EFT needed. I would recommend that instead, you get his account information, and set up a direct withdrawal.  Of course, then you could potentially use HIS account fraudulently, but that would be true even if he just wrote you a check.


He cannot get money from someone else account. Your US resident friend in New York can send money to your Indian friend in Atlanta via Western Union which has presence in almost every corner of the US. Most definitely in the city of Atlanta. Your Indian friend can receive the Western Union transfer, in cash, within minutes after the friend in New York sends it. Here's the site for location search. The sender doesn't need to go anywhere, can send online, so your New York friend doesn't even need to waste much time. In fact - you don't need to bother your friend in New York, you can send it online yourself (assuming you're American/have US bank account). In order to receive the money, your Indian friend will obviously need a proper identification (i.e.: passport).


You are really showing some wisdom here, and congratulations on finishing college.   Its a lot about likelihoods.  If you buy a new car, there is something like a 99.5% chance you will get a car that will not need repairs.  If you buy a car for $1200 there is probably a 20% chance that the car will only need minimal repairs.  So the answer is there is no real guarantee that spending any amount of money you will end up with a car with no repairs. You also can't assume that with buying a car it will immediately need repairs.  Its possible, that you could spend 1200 on a car and it will need an oil change.  In three months it might need brakes and in 6 months tires.  If that is the case, you could save up the money for repairs. Have you looked for a car?  It will take some work, but you might be able to find something in good condition for your budget.   If you shop for a loan, go with a good credit union or local bank.  Mostly you are looking for a low rate.  However, I would advise against it.  You worked so hard on getting out of school without debt, why start now?   Be weird and buy a car for cash.  Heck someone may be able to loan you a car for a short time while you save some money.


What you've described is the norm in Australia, where it's rare for anyone under sixty to use cheques. Assuming they're transferring the funds using internet banking, I would have the following suggestions: You make it clear that the the funds must reach your account by the due date for rent. It is their (the tenant's) responsibility to allow for the normal transfer delay from their account to yours. This will save unpleasant arguments later if the rent is late. If you're not comfortable with your tenant knowing your banking details, set up another account specifically for receiving rental income payments and paying your costs associated with the property. This may have the added benefit of simplifying things at tax time. Another alternative, which I think others have mentioned, is to use an escrow service like PayPal, but be aware that these kinds of services will usually charge a small percentage when you withdraw your funds.


An option that no one has yet suggested is selling the car, paying off the loan in one lump sum (adding cash from your emergency sum, if need be), and buying an old beater in its place.  With the beater you should be able to get a few years out of it - hopefully enough to get you through your PhD and into a better income situation where you can then assess a new car purchase (or more gently-used car purchase, to avoid the drive-it-off-the-lot income loss).   Even better than buying another car that you can afford to pay for is if you can survive without that car, depending on your location and public transit options.  Living car free saves you not only this payment but gas and maintenance, though it costs you in public transit terms. Right now it looks as if this debt is hurting you more than the amount in your emergency fund is helping.  Don't wipe out your emergency fund completely, but be willing to lower it in order to wipe out this debt.


"Ask your trading site for their definition of ""ETF"". The term itself is overloaded/ambiguous. Consider: If ""ETF"" is interpreted liberally, then any fund that trades on a [stock] exchange is an exchange-traded fund. i.e. the most literal meaning implied by the acronym itself. Whereas, if ""ETF"" is interpreted more narrowly and in the sense that most market participants might use it, then ""ETF"" refers to those exchange-traded funds that specifically have a mechanism in place to ensure the fund's current price remains close to its net asset value. This is not the case with closed-end funds (CEFs), which often trade at either a premium or a discount to their underlying net asset value."


As I understand it, there are mixed signs of a chilling effect, even though policy hasn't changed much. Foreign student enrollment may be down.    That being said - no, trump is not single handedly pivoting the trajectory of US tech.


Most of the imports probably come from Canada and Mexico, its probably cheaper to import gasoline from Canada or Mexico in some parts of the country purely due to distance. For instance in far upstate New York its probably cheaper to truck gas from a refinery outside of Montreal than from a refinery outside of New York City or Boston.


Your post shows you have some misunderstandings regarding this technology.  >the possibility of infection  This is incredibly low.  >you still have to have it taken out when you change jobs  They won't be taking them out when they change jobs. These things are reprogrammable, or you could just register the existing implant with a new employer.  >the possibility of someone else impersonating you. The latter can be done by copying the chip data using a chip reader without your knowledge  This would be extremely difficult to accomplish just in terms of logistics, also only the older style RFID chips can be cloned, the the modern NFC chips are a different story.   >Also makes stalking you easier  How on Earth did you come to this conclusion?


It depends on individual preference. There is no hard and fast rule.   In general the recommendation would be not to spend much unless you have a sufficient money for a rainy day. Even after spending 10 K on a good car, the minute you have more money, you would feed tempted to upgrade before you are 25 yrs. So save and buy a cheaper / decent car and put the money away.  But then someone would also say, if you can't enjoy when you are young, you may never get this opportunity to enjoy when you are old ...


"It doesn't really make sense to worry about the details of ""what counts as saving"" unless you also move beyond a simplistic rule of thumb like ""save 10% of your income"". That said, most of the sources I see pushing rules of thumb like that are talking about saving for retirement.  That is, you need to sock that money away so you will be able to spend it after you retire.  (This CNN page is one example.)  On that theory, it only ""counts"" if you put it away and don't touch it until you retire, so things like car and computer funds would not count as saving. Another thing you'll see some people say (e.g., this Nerdwallet article) is to use 20% of your income for ""financial priorities"".  This would include retirement saving, but also things like paying off debt and saving for a down payment on a house. Saving for a small purchase in the near future would not usually be considered ""saving"" at all, since you're not going to keep the money.  If you put $5 in your wallet tonight so you can buy a hamburger for lunch tomorrow, you wouldn't call that saving; likewise setting aside a few hundred dollars for a new computer wouldn't ""count"" as saving under most definitions.  (Some people might ""count"" saving for something like a house, since that is a long-term plan and the house, unlike a computer, may rise in value after you buy it.  But you wouldn't want to fully count the house as part of your retirement savings unless you're willing to sell it and live off the proceeds.) However, none of these rules will help that much if your goal is, as you say at the end of your question, to ""know if I need to save more than what I actually am saving currently"".  Saving 10% of your income won't magically ensure that you're saving ""enough"".  To assess whether you personally are saving ""enough"", you need to actually start running some numbers on how much money you personally will need in retirement.  This will depend on any number of factors, including where you live, what sources of retirement income you might have besides savings (e.g., pensions), etc.  In short, to know if you're saving enough, you can't listen to the generic stuff that ""everyone says""; you need to consider your own situation in a deliberate, focused way."


Wendy's never served bits of Tim, so this doesn't bode well.  (According to Wikipedia I'm out of touch and Wendy's hasn't own Tim Hortons in quite a while, so maybe BK can serve Timbits.)  I like BK, but every time I go to one I feel that the store is poorly run and the quality is garbage, although this may be a local problem. Tims, on the other hand, are spotless and have workers who always seem so professional. I'd hate for BK's culture to rub off on Tims, even if it means Timbits at BK.


"It's possible to cash cheques by post. When I did this, it involved filling out a ""paying-in slip"" (I had a book of these provided by the bank) and posting the cheque together with the slip to an address provided by the bank. You could also bring the paying-in slip and the cheque to a branch and deposit them there, and it wasn't necessary that you were the account holder, just that the details on the slip matched the account you were paying into. I Googled ""paying-in slip"" and found the instructions for HSBC as an example: Paying-In Slips. It explicitly mentions that you don't need to be the account holder to do this, and moreover there are even blank slips in the branch, which you just need to fill in with the correct account details. I think the procedure is much the same for other banks, but presumably you could check the relevant bank's website for specific guidance."


"No man, I looked at this from an ""I myself was the victim of this supposed injustice"" perspective, and never did I feel entitled to more. We were fine with what we had but we wanted more and knew we would have to work very hard to get it. A favorite quote: If it is important to you, you find a way. If not, you find an excuse"


On closer look, it appears that Google Finance relies on the last released 10-k statement (filing date 10/30/2013), but outstanding shares as of last 10-Q statement. Using these forms, you get ($37,037M / 5.989B ) = $6.18 EPS. I think this is good to note, as you can manually calculate a more up to date EPS value than what the majority of investors out there are relying on.


Ok, should I have been more specific in saying monetary assets?  Also, why would a 100% marginal tax be required?  Next, how do the wealthy become/stay wealthy?  They've mastered the rent seeking economy, they've mastered tax loopholes/evasions, etc...  Yes, I apologize my few comments are not outlining the entire structure of my point.  Nonetheless, I think we can agree that the current state of the economy is in the shitter (at least for the working/middle class); and will only continue to do so.  Unless we reform in several major areas, taxation on the 1% being one of them.


I don't actually have any of this stock. Apparently, it's quite common strategy This is called naked short selling. It's not illegal per se, but there can be some major penalties so you should call your broker and ask them these questions. Intentionally naked short selling is not looked upon favorably. They'll probably try to recommend you a safer shorting system by which:


Because there has been rumors going around about Mark Zuckerberg having political ambitions and maybe running for president. He went on a tour around the country a while back to listen to people's complaints and problems, so this might confirm that he sees it politically damaging to meet with Trump while most other CEOs want to make Trump understand the obstacles that their companies face.


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The deposit insurance isn't provided by the bank; it's provided by the Singapore Deposit Insurance Corporation (SDIC). In the event that the bank fails or is declared insolvent, the SDIC will pay deposit holders their total balance in all accounts with that bank, up to S$50,000. If you hold S$60,000 in all of your insured accounts, you'll only receive S$50,000 if the bank fails.  The SDIC provides an example page with sample calculations, and this is exactly what they show. If you deposit an amount greater than $S50,000, it's only insured up to S$50,000.  So does it mean one should open multiple accounts under different banks to spread the money around and maintain only S$50,000 in one deposit account? This is one option. The calculations page I linked to above gives this reminder: Deposits are not insured separately in each branch office of a DI Scheme member i.e. all your eligible accounts maintained with different branches of a DI Scheme member are aggregated and insured up to S$50,000. This seems like common sense, but it's important to remember that if you open an account with two branch offices of Bank A, your deposits are aggregated and insured up to S$50,000. The SDIC insurance is per institution (called a Deposit Insurance Member), not per branch. If you hold S$45,000 in each branch office, for a total of S$90,000, you're still only insured up to S$50,000 for that bank. If you want to spread out your accounts between multiple banks, make sure they're different banks, not just different branches. Another option, if it applies to you, is to open a joint account with your spouse. In the FAQ page, the SDIC gives this example under point 14: if you and your husband have a joint account with S$70,000, and you have a separate account of S$20,000, your total deposits of S$55,000 will be covered to the maximum of S$50,000. The deposit of $S70,000 is split evenly between the spouses, so in the eyes of the SDIC, each are holding S$35,000. Then, the husband's additional S$20,000 is added to S$35,000 for a total of S$50,000. This is then insured up to S$50,000 as usual.  I'm sure there are other options specific to Singapore that I'm not aware of; if you're well above the limit, i.e. holding millions of dollars, I'm sure a professional accountant in Singapore could guide you further.


I think either one would allow for lower pricing tiers as a merchant. I am at 2.5 on my main account.   $0 to $3,000 2.9% + $0.30 $3.20 fee on a $100 sale  $3,000+ to $10,000 2.5% + $0.30 $2.80 fee on a $100 sale $10,000+ 2.2% + $0.30 $2.50 fee on a $100 sale $100,000+ Call 1-888-818-3928


I think a lot of people in this thread seem to be conflating worker/workplace rights with union membership. If your employers are chaining the fire exits shut they'd arrested. While once it was requisite to have a union to protect against employers violating basic worker safety requirements I think that is no longer the purpose of unionizing.   I think my primary counterargument is why should a union be a requirement of a living wage and healthcare? If I work for a small business where unionizing would be MUCH more difficult should I not also have those things?  Most of the worker protections people are discussing either have been, or should be, codified into law NOT provided by unions.


Gross has proven he's no great money manager. Under-performance and consistent poor timing on his calls the past few years. I really wonder, does anyone listen to him anymore?  He was bearish on equities, and they rallied big. He was bearish on US Treasuries in early 2011, and they rallied big.   The guy is quickly becoming irrelevant within his own firm, if you ask me. PIMCO has many other top tier investment managers that provide more accurate advice, as far as recent history and practicality go.


"You quickly run into issues of what denotes ""similar"", and how to construct an appropriate index methodology. For example, do you group all CB arb funds together globally or separate them by country? Is long-bias equity long-short different to no-bias and variable-bias? Is a fund that concentrates on sovereign debt more like a macro fund or a fixed income fund? And so on. By definition, hedge funds try not to mimic their peers, with varying degrees of success.  Even if you get through that problem, how do you create the index? You may not be able to get return numbers for all the ""similar"" funds, and even if you do, how do you weight them? By AUM, or equal weight?  There are commercial indices out there (CSFB, Eurekahedge, Marhedge, Barclays, MSCI, etc) but there's no one accepted standard, and it's unlikely that there ever will be as a result. It's certainly interesting to look at your performance versus one of these indices, and many investors do monitor fund performance this way, but to demand strict benchmarking to one of them is a big ask..."


Each bank is different. Usually in my experience for newer credit card accounts, there is a specific number of days in a billing cycle (something like 28) and then a 20-25 day grace period. Older accounts usually have 30+ day billing cycles. Back in the 90's, many cards also had 30-40 day grace periods. The language specific to your card is in the card agreement.


Your contributions that you've already made are made and done, and will not disappear. What the Windfall Elimination Provision does is make sure that people do not collect the subsidized low-income payments while also collecting a full pension.  People who did not pay anything into SS are able to collect money - less, but still something - from the system.  Prior to this provision, people on full pensions who were exempt from SS contributions (such as teachers in many places) were able to still collect those amounts (which were never earned through contributions) even though they had quite significant pensions; that led to subsidies being given to people that didn't have as much need for them, as opposed to the indigent people who did need them. In your case, earning for 20+ years and then presumably only earning a small pension, you may be affected by this, but not necessarily severely.   First of all, you are limited in how much your total reduction is to the lesser of a bit over $400 ($413 in 2015) or half your pension amount per month; so if you earn a $200 in pension monthly, your SS benefits are reduced by $100 monthly at most. Second, your percentage (and total cap) is reduced if you have over 20 years of credited work at 62 by 10% per credited year, and if you hit 30 years it's eliminated.  So if you have 25 years right now, your total reduction is more like $200 at most. You also have an option to keep earning via credited work.  Do some part-time work or summer work, for example.  Sell things online.  Whatever you need to do in order to get more years of credited work such that you end up with 30 years at 62.  That will then increase your benefits back to the full amount. This article published on Nasdaq's website explains how this works in detail, including tables of benefit reductions.  And, log in to ssa.gov to check how many years of creditable coverage you have and to see if you can get to 30 years and avoid any issues with this at all.


We don't have all the details, but individuals and corporations can either deduct or elect to get a credit for foreign taxes paid. What if this stays and the state/local deduction is eliminated. The IRS directly states the intent is to avoid double taxation.  https://www.irs.gov/individuals/international-taxpayers/foreign-tax-credit-choosing-to-take-credit-or-deduction  And ya, the system you make reference to was tried in the Articles of Confederation and proved unworkable.   The initial point is that it makes no sense to eliminate the state and local tax deduction unless the intent is to punish blue states and localities in order to offset a reduction in taxes for the wealthy.


One option is to try to get a month ahead on your mortgage payments.  Rather than using the current month's rent to pay the current month's mortgage payments, try to use the previous month's rent to pay the current month's mortgage payments.  This should allow you to pay on time rather than late but not unacceptably late.


"Aside of ""don't lend money to friends"" a good idea is to have a written contract that states the sum, the due date, the interest (if any). Having the loan on paper makes it more real and harder to ""forget"". The third party is not necessary - anyone can have a bank loan for more than $10K by signing a contract with a bank without any third party."


>Correct. So you feel the proper response is to pepperspray people?   Perhaps you can watch the long version of what happened in [this video](http://www.youtube.com/watch?v=hhPdH3wE0_Y&feature=colike). Feel free to skip around if you want.  The point is, the police made arrests, the children were blocking them and the children were warned. They were warned so many times it's their own stupidity that got them pepper sprayed. Empty threats are empty. Beats a night stick to the head.  I am worried about the bloodbath that might occur when we have to fight off the black bloc idiots that want more free stuff.  >what prevents a race to the bottom with wages and benefits if people don't collectively bargain  What prevents public sector employees from outpacing wages and benefits of the private sector due to collective coercion? They're already doing it.  We cannot pay our debts by creating government jobs. We cannot continue to afford COLAs in a down economy, let alone the lifetime benefits some of them get. What happens when they collapse the system out of their own stupid greed?  That seems to be the goal of many on the left.  edit: Not sure if OSHA is actually getting cuts, but EEOC is expanding and NLRB is really screwing things up.


Fast Food/ 1-hour photo mentality.   Everyone needs to be pre-made and ready to go or they aren't hireable. Hence why these employers can't find talent, nobody comes to a new job with 5-10 years of highly specific experience working in the same position they applied for, at the specific company they were just hired at. Everyone has a ramping up period to one degree or another.


"For allocation, there's rules of thumb. 120-age is the percentage some folks recommend for stock market (high risk) allocation.  With the balance in bonds, and a bit of international fund to add some more diversity.  However, everyone needs to determine how much risk they're willing to take, and what their horizon is. Once you figure out your allocation, determine how much of your surplus goes into investing, and how much goes into short term savings for your short term financial goals such as purchasing a home. I would highly recommend reading about ""Financial Independence, Retire Early"" (FIRE).  Most of the articles I've seen on it were folks in the US, with the odd Canadian and Brit, but the principles should be able to work in the Netherlands with adjustment.   The idea behind FIRE is that you adjust your lifestyle to minimize expenses and save as much of your income as possible.  When the growth of your savings is > the amount you spend on a yearly basis, you've reached financial independence and can retire any time you wish. CD ladder is a good idea for your emergency fund, but CDs (at least in the US) usually pay around the same rate as inflation, give or take.  A ladder would help you preserve your emergency fund."


I disagree.  The plan asset return assumptions aren't any crazier than many other states.  It's the liabilities with enormous payout guarantees and lack of existing asset contributions upfront that create the pension liability.  Go look at the financials.  As for IL being mixed red/blue, it is really not.  It's a largely democratic state and a similar thing happened to IL that happened to California.  In 1986, when amnesty was passed by Reagan, it created a bunch of new citizen voters of hispanic descent and the state went Democratic ever since.  It affected California in a large way, and IL was affected also.


"Interesting read. I'm not trying to get political with this post, but it's something that I found genuinely interesting while reading this article.   My dad is an accountant for a large corporation and described tax law as ""15% white, 15% black, and 70% gray"". I'm sure that Cat isn't the only company that is trying to avoid paying US corporate tax rates—regardless of where it falls on the legality or white/gray/black spectrum. This case may be somewhat of an outlier in that it's pretty clear there was some shady tax avoidance and the tax sum is large ($2Bn). Yet, I couldn't help but feel that the amount of government intervention, lawyer/court fees, whistle-blower payout, not to mention company productivity loss from the avoidance, cleanup, etc. puts a damper on the expected value of this case for the general American citizen or tax-payer.  Which leads me to my point. There was some talk recently about the corporate tax rate being dropped down to 15%. I'm someone who generally leans left on issues, but are there legitimate benefits to this? It seems that large corporations simply employ huge teams of accountants to game the tax code and never end up paying anything close to the 30%. Would reducing the rate eliminate a lot of this tax avoidance behavior and result in more system efficiency, while the government returns roughly equal sums of tax revenue from corporations? It would obviously be beneficial to smaller businesses that can't afford the legal means necessary to pay lower rates as well.   From a progressive standpoint, my worry with dropping the rate is that companies would still find ways to simply squeeze more and more profit for the bottom line. It'd be interesting to find a way to leverage reducing the tax rate on large corporations by somehow tying it to increased pay and benefits to workers. I'm not sure of the proper implementation, but letting corporations keep more of their money without the hassle of ""setting up 70 shell companies"" and incentivizing them to re-invest in workers, R&D, etc. makes more sense than companies never paying 30%, and even when caught for illegal acts, being tied up in court for 10 years.   I'll end here because I'm beginning to ramble a bit, but the article was interesting for viewing corporate taxation on a system-wide level."


If it was typical, above the board, and no profits were made, then why did it take a hotly contested bill from Congress (that was amended and watered down) to bring these transactions to light?  Why not just use the normal discount window for these overnight loans if everything was just run of the mill overnight loans?   Why were they making these standard 0% overnight loans to select private investors?


QE is really interesting. I don't think there were ever any negative repercussions. We basically found a way to print money and use it in a way that doesn't cause massive inflation (i.e. Swapping assets out for cash, resulting in zero net value added into the economy). Is it ridiculous to assume we will just do this everytime there's a massive toxic asset bust?


When evaluating a refinance, you need to figure out the payback time. Refinancing costs money in closing costs. The payback time is the time it takes to recover the closing costs with the amount of money you are saving in interest.  For example, if the closing costs are $2,000, your payback time is 2 years if it takes 2 years to save that amount in interest with the new interest rate vs. the old one.  To estimate this, look at the difference in interest rate between your mortgage and the new one, and your mortgage balance. For example, let's say that you have $100,000 left on your mortgage, and the new rate is 1% lower than your current rate. In one year, you will save roughly $1,000 in interest. If your closing costs are $2,000, then your payback time is somewhere around 2 years. If you plan on staying in this house longer than the payback time, then it is beneficial to refinance.  There are mortgage refinance calculators online that will calculate payback time more precisely.  One thing to watch out for: when you refinance, if you expand the term of your mortgage, you might end up paying more interest over the long term, even though your rate is less and your monthly payment is less. For example, let's say you currently have 8 years left on a 15-year mortgage. If you refinance to a new 15-year mortgage, your monthly payment will go down, but if you only pay the new minimum payment for the next 15 years, you could end up paying more in interest than if you had just continued with your old mortgage for the next 8 years. To avoid this, refinance to a new mortgage with a term close to what you have left on your current mortgage. If you can't do that, continue paying whatever your current monthly payment is after you refinance, and you'll pay your new mortgage early and save on interest.


You will find lots of rules of thumb but there is no universal truth to how much you should save. There are factors you DO need to consider though: you should start as early as possible to set money aside for retirement. You should then use a retirement calculator to at least get an understanding of the amount you need to set aside each month to achieve the desired retirement income; your default should be not to spend money and only spend money when you must. Leisure, travel and eating out should come last after you have saved up; you should have funds for different terms. For example, my wife and I have an emergency fund for unexpected expenses or losses in income. The rule of thumb here generally is to have 3-6 months of salary saved up. A longer term fund should be created for larger expenses like buying a car or preparing the cashdown on a property. Finally, the retirement fund which should cover your needs after you have retired.


"Every situation is possible, it depends on what the contract states. According to Nolo:  Your ability to withdraw from a home purchase depends on two things: 1) the exact point at which you are ""in contract"" to buy the house,   and  2) after you're in contract, what the contract says about terminating   the transaction. Therefore, you need to be 100% ready for anything to happen. After you sign the contract, it is binding and you must adhere to what the contract states. Buying a home is a big purchase - arguably the biggest of your life - you need to be comfortable with every aspect of this experience."


"Yes, the ""speed bump"" explicitly can not impact the reports to the SIP. Two years ago this would not be a big deal, because the SIP was stupidly slow, especially under load. So, you send your report to the SIP faster than you publish your own market data feed, and the SIP just takes forever to publish, meaning your own market data feed still gets to the clients first.  Now that the SIP is blazingly fast this is no longer the case. You still, as an exchange, have to publish to the SIP first (or, within microseconds of jitter, at the same time) but if you have some sort of artificial delay on your market data that is longer than the SIP processing time the SIP updates will arrive first. Doubly so if the consumers are colocated with one of the SIPs.  Edit: For what it's worth, [Matt Hurd has a pretty solid write up covering NYSE American, but it pertains to IEX as well](https://meanderful.blogspot.com/2017/05/nyse-american-attack-of-clones.html)  [BATS also comments on this phenomenon in their SEC comment letter on NYSE American; see footnote 1 on the first page](https://www.sec.gov/comments/sr-nysemkt-2017-05/nysemkt201705-1718167-150440.pdf) (pdf). The link is somewhat recursive, since it points back to another of Hurd's posts, but still just as accurate an assessment."


This isn't really the case in Siem Reap in my experience. Hardly any taxis or room for taxis especially in the centre, and every tourist knows it's time to use your negotiation skills.  I imagine if one tuktuk driver put out prices all the others would get pretty annoyed.


Buy a modest vehicle with a manageable payment.  Keep the payment low enough ($200-300/month) to keep your DTI (Debt-To-Income) ratio clear.  The short-term ding to your credit for new credit should disappear in 3-6 months (your time horizon).  Having a mix of credit is part of the credit scoring model, so having an installment loan is not a bad thing.  Relax.


MENA is big and Arabic is a huge advantage in finance right now given the interest in Middle East development projects, sovereign wealth, commodities like oil, and the regional volatility that makes all those things such high risk and high reward.  Someone with your credentials could easily transition to an equities research role, or even a geographic or market research role covering the region. You'll likely have to start at an analyst level and work up if you don't have past work experience, but definitely look at the big investment banks, sovereign wealth funds, and other investment advisers that have holdings in the MENA region.  Another option is the management consultancies. Great money to be made and lots of firms. Oliver Wyman, AT Kearney, McK, Bain & Co., Strategy& - all have big interests in the Middle East and will pay you well.  I also studied conflict in MENA, primarily Egypt. Good luck!


currency's central bank or treasury/finance department speeches that can announce a significant change in policy.  That includes: Particularly when it is a high level figure within the department such as the President or Prime Minister making the announcement. Macroeconomic stats:  GeoPolitical considerations, such as: Economic calendars, such as ForexFactory and MyFxBook track planned economic news releases.  Obviously, a coup d'etat or war declaration may not be well known in advance.


I don't know that I can answer the question fully, but 2 points. The percent that represent capital gains certainly can't exceed 100. Did you mean 50% but the 500% is a typo?  More important, funds held in retirement accounts have no issue with this, Cap Gains are meaningless within tax deferred accounts. I don't know the ratio of stocks held in these accounts vs outside, just that the 2011 year end total retirement account worth was $17 trillion. (That's 12 zeros) This strikes me as a high ratio, although more numbers digging is in order.


Level 1 and level 2 are more equation driven and fairly straight forward. If you have a solid grasp of all the formulas and equations presented you should pass. The curriculum of level 3 is smaller, but from the practice tests and mocks, I've realized that you have to know the material better. Level 3 requires the synthesis of material, where anything from any section can show up anywhere.   Also it doesn't help that I'm not in portfolio management, so maybe 95% of the material is new to me.


If your mortgage is an interest only one then the full amount of the payment you make should be to an expense account perhaps called mortgage interest. If the mortgage is a repayment mortgage you need to split the amount of the payment between such an expense account called mortgage interest and between a liability account which is the amount of the loan. In practice I have not found it very easy to do all this as the actual amounts vary depending on number of days in the month and then there are occasional charges etc made by the mortgage company so some approximations seem to be needed unless one is to spend hours trying to get it exactly correct...... Steve


$600 is a good deal. If buddy can't pay $600 for IT, he doesn't have enough money to run a business and make it successful. That's one of the main reasons new companies fail, not enough capital to run the business for one year without revenue.


"I get what you are saying, and I have actually asked for and gotten raises in some previous jobs, so I know it's not impossible. But in a case like this, do I go in and say *""hey I know Bob does the same job and makes X more money than me, so now I want a raise for X""*? Like the title of the post implies, this is the exact reason employers want to keep employee salaries confidential, and I doubt they'd appreciate you bringing it up while asking for a raise. So I guess the other option is to ask for a $15k raise out of nowhere. Might be possible, but **not likely** going to happen.  Assuming Bob and I have the same job description, experience, and skill level, why should he make more because he happened to get hired during a talent shortage? Yes the company needs to offer a better salary to attract new talent, but when that's not reflected across the board even for current employees, and when companies rely on keeping it a secret instead, they breed mistrust and resentment."


I have a car loan paid in full and even paid off early, and 2 personal loans paid in full from my credit union that don't seem to reflect in a positive way and all 3 were in good standing. But you also  My credit card utilization is 95%. I have a total of 4 store credit cards, a car loan, 2 personal loans. So assuming no overlap, you've paid off three of your ten loans (30%).  And you still have 95% utilization.   What would you do if you were laid off for six months?  Regardless of payment history, you would most likely stop making payments on your loans.  This is why your credit score is bad.  You are in fact a credit risk.  Not due to payment history.  If your payment history was bad, you'd likely rank worse.  But simple fiscal reality is that you are an adverse event away from serious fiscal problems.   For that matter, the very point that you are considering bankruptcy says that they are right to give you a poor score.  Bankruptcy has adverse effects on you, but for your creditors it means that many of them will never get paid or get paid less than what they loaned.   The hard advice that we can give is to reduce your expenses.  Stop going to restaurants.  Prepare breakfast and supper from scratch and bag your lunch.  Don't put new expenses on your credit cards unless you can pay them this month.  Cut up your store cards and don't shop for anything but necessities.  Whatever durables (furniture, appliances, clothes, shoes, etc.) you have now should be enough for the next year or so.   Cut your expenses.  Have premium channels on your cable or the extra fast internet?  Drop back to the minimum instead.  Turn the heat down and the A/C temperature up (so it cools less).  Turn off the lights if you aren't using them.  If you move, move to a cheaper apartment.  Nothing to do?  Get a second job.  That will not only keep you from being bored, it will help with your financial issues.   Bankruptcy will not itself fix the problems you describe.  You are living beyond your means.  Bankruptcy might make you stop living beyond your means.  But it won't fix the problem that you make less money than you want to spend.  Only you can do that.  Better to stop the spending now rather than waiting until bankruptcy makes your credit even worse and forces you to cut spending.   If you have extra money at the end of the month, pick the worst loan and pay as much of it as you can.  By worst, I mean the one with the worst terms going forward.  Highest interest rate, etc.  If two loans have the same rate, pay the smaller one first.  Once you pay off that loan, it will increase the amount of money you have left to pay off your other loans.  This is called the debt snowball (snowball effect).   After you finish paying off your debt, save up six months worth of expenses or income.  These will be your emergency savings.   Once you have your emergency fund, write out a budget and stick to it.  You can buy anything you want, so long as it fits in your budget.  Avoid borrowing unless absolutely necessary.  Instead, save your money for bigger purchases.  With savings, you not only avoid paying interest, you may actually get paid interest.  Even if it's a low rate, paid to you is better than paying someone else.   One of the largest effects of bankruptcy is that it forces you to act like this.  They offer you even less credit at worse terms.  You won't be able to shop on credit anymore.  No new car loan.  No mortgage.  No nice clothes on credit.  So why declare bankruptcy?  Take charge of your spending now rather than waiting until you can't do anything else.


"Gambling is perhaps not well defined, but it certainly doesn't include things like reality show winnings.   However, it is possible he could deduct something for this.  If the reality show qualifies as a ""hobby"", and his expenses exceed the 2% of AGI requirement, it's possible he could deduct those airplane tickets and such.  That deduction is explained in Publication 529."


"No. Some grocery stores may discount specific products based on inventory to drive sales using ""loss leaders"" where the product is intentionally priced as a loss for the business. While commodity futures may impact some prices, I'm not sure one can easily extract the changes solely due to futures shifts."


"You should ask your employer to issue an updated payslip showing the correct gross salary, deductions and net salary, and then repay to the employer the difference between the net salary in your old (wrong) pay slip and the new (correct) one. You should also get them to confirm that they have corrected any information they sent HMRC. At the end of the tax year, when you get a P60 showing your salary for the year, make sure that it is consistent with the corrected salary amount, and check that the tax it shows as being deducted is also correct for that gross salary for the year. If you are still employed by them then you could just ask them to withhold the overpayment in your next salary payment, at which point the income tax would sort itself out because PAYE is calculated based on cumulative totals. If the overpayment had happened at the end of the tax year (March) then there'd be some risk of it messing up your tax payments. In some cases it's also possible that withholding from the next salary payment could make a difference to the total national insurance you end up paying - broadly, if you earn below the ""Primary Threshold"" of £8164/year, you might lose out. If you earn close to the ""Upper Earnings Limit"" of £45000/year, you could end up gaining."


"That doesn't answer either of my questions.  For the first, you've given me a quotation (which I've seen several times before and cannot find the original source - if you know it, please cite it) that consists of opinion and speculation, not a definition.  For the second, it could be inferred that you mean to tell say you would support reverting to a monetary system based on exchanging precious metals, which Mr. Jefferson passingly implies his tolerance of. However, if this is what you mean to communicate, you're not doing yourself any favors in helping me understand your position by basing it on a minor aside in an unsourced quotation about something else.  I'm very much on board with the movement within OWS that's pushing for socioeconomic justice. But most of the people I see shouting ""end the Fed!"" really have no clue as to what they're talking about. This sort of willingness to act on ignorance is damaging.  *Edit*: If the OWS reference was weird, it was because I was previously reading a banking story from one of the Occupy subreddits and briefly forgot where I was ;) Nothing changed except a spelling error and this note."


For ATMs you should check if the ATM you're going to use accepts the network you're in. If the ATM has the same logo (it should probably have a whole bunch of logos) that is on your card - it should work. I have not encountered an ATM that wouldn't accept a VISA card in Europe, and I travel a lot.


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"It is very helpful to understand that Free File is not actually ""by"" the US Internal Revenue Service (IRS). The IRS does indeed offer access to the program through their website, but Free File is actually a public-private partnership program operated and maintained by the Free File Alliance. Who is the Free File Alliance? Well, according to their members list: 1040NOW Corp., Drake Enterprises, ezTaxReturn.com, FileYourTaxes, Free Tax Returns, H&R Block, Intuit, Jackson Hewitt, Liberty Tax, OnLine Taxes, TaxACT, TaxHawk, and TaxSlayer. Why the income restriction? Well, that's part of the deal the IRS struck - the program is ""dedicated to helping 70 percent of American taxpayers prepare and e-file their federal tax returns"". Technically the member companies are offering their own software to handle tax preparation, and the rule is that 70% of American's must 'qualify' for at least one product, so this adjusted gross income limit changes periodically so that 70% of the population can use it. Why restrict it at all? This was part of the give and take involved in negotiation with the businesses involved. If the program was ""everyone files for free"", then it is presumed that many reputable businesses that make the program valuable would choose not to continue to participate. In other words, they want to be able to not give away their services for free to customers who are - at least by income definition - more than capable of paying them. The IRS has said it does not want to be in the tax prep software business, so they are not offering their own free software to do the job that private companies would otherwise charge for. However, there are other restrictions to being in the program - like the fact that no business in the program can offer ""refund anticipation loans"", offer commercial services more than a certain amount of times (so they can't hound you to upgrade), and so on. Some businesses were making a killing off these, though they are pretty much solely developed to be predatory on people with the lowest incomes (and education levels, and IQ, and with cognitive disabilities, and basically anyone they could sucker into paying what were effectively absurd rates for short term loans along with inflated filing/preparation fees). Finally, Free File was partly developed as an initiative to increase the amount of digitally filed taxes and reduce the paper-based burdens of accepting and processing turns. In other words: to cut government costs, not to be a government welfare program. Even if it were, one can generally obtain commercial software for $30-$100, so the benefit to those above gross income levels is pretty minor; yearly costs to file taxes with such software for those payers would be less than 0.001% of their yearly expenses. Compared to the benefits obtainable by households living below the poverty line, fighting to cover an extra 5-30% of the population at the potential expense of having the whole program be a failure probably seemed like a more than worthwhile trade-off."


"Inflation, like trade deficits or surpluses, have winners and losers in an economy. Clear losers are people who are on a fixed income, as they often have a fixed income and a prices keep on going up, meaning they can afford less.  Numerous articles on the internet discuss the inflation of the 1970s, here are Google's results.  I'm not so sure that governments want ""some inflation"" as much as they desperately want to avoid deflation. Deflation means that the price for today's product, like a car, will decrease in price tomorrow (or a month from now) which creates a powerful incentive for people to put off a purchase until later, which brings consumer demand down in a country's economy."


First I  assume you are resident for tax purposes in the UK? 1 Put 2000 in a cash ISA  as an emergency fund.  2 Buy shares in 2 or 3 of the big generalist Investment trusts as they have low charges and long track records – unless your a higher rate tax payer don’t buy the shares inside the ISA its not worth it  You could use FTSE 100 tracker  ETF's or iShares instead of Investment Trusts.


Watch this film, as well as going through what they did it is simply a rather excellent documentary and one of those ones worth watching even if you have no interest in the subject.  http://en.wikipedia.org/wiki/Enron:_The_Smartest_Guys_in_the_Room  The metaphor also forget to mention that you manage to stage a milk shortage, to put up prices despite making almost twice as much milk as there is demand for by illegal market manipulation on a massive scale.  Enron and what they did is a good example of just why privatisation/deregulation of vital infrastructure has to be done very very carefully and isnt a magic panacea and can be the opposite.


To learn more about the market, read as much as possible. Read articles on Bloomberg, Yahoo Finance, etc. Also, any time you just have the tv in the background, have it on CNBC. It's crazy what all you will pick up on even just in the background. Like someone else said, create a virtual portfolio and actively trade. You can also subscribe to sites like Investopedia and they will send you articles about analysis techniques and stocks/industries to watch.   If you want to learn some basic tools for corporate roles, then learn Excel, Tableau, and how to write SQL.


The answer depends on your wife's overall situation, whether you are in a community property state, and other factors. I'm assuming that since your wife paid $5,000 more for a car than it was worth, has a six-year, 25% auto loan and you talk about repossession as a routine event, that her credit history is extremely poor. If that is the case, you're unlikely to be able to refinance, particularly for more than the car is worth. You're in a bad situation, I'd look for a legal clinic at a nearby law school and find out what the law says about your situation in your state. If she has other debt, your best bet is to put the car in a garage somewhere, stop paying and demand better terms with the lender -- threaten bankruptcy. If they don't go for it, and your wife has other debt, she should look into bankruptcy. Given the usurious terms of the loan, you have a fighting chance of keeping the car in a Chapter 13. Find out and the legal implications for this before proceeding. If she doesn't have other debt, you need to figure out to get the thing repossessed on the best possible terms for you. If it's her mother's car, you're in a moral dilemma.  Bottom line, get rid of this thing asap. And make sure that going forward you are both controlling the finances.


Were any of you guys at Disaster Recovery on Saturday?  They were saying that the Arca backup had been in place for about 5 years and never tested.   I think they closed for 2 days rather than try it to avoid another electronic disaster.


nice work! really enjoyed looking through your website. do you see any possible application of Machine Learning (specifically tensorflow) to this? I was thinking about building a trading bot that uses data from various APIs as a strategy just as an experiment but I'm wondering what your insights are.


Yes you need to pay taxes in India. Show this as other income and pay tax according to your tax bracket. Note you need to pay the taxes quarterly if the net tax payable is more than 10,000.


The point of a total return index is that it already has accounted for the capital gains + coupon income. If you want to calculate it yourself you'll have to find the on-the-run 10y bond for each distinct period then string them together to calc your total return. Check XLTP if they have anything


What the first person said. You're scared because you don't understand investing one bit. You'll be less scared once you understand it. Best way to understand it is to try it out.   For me it has to be real money. So perhaps try out with small amounts of money you're comfortable with and do w/e you want with it, think of it as a purchase and not an investment. Then research why your account balance went up or down.


"So this situation is fraud. -SumGuy: ""Hey Mr. Target employee can I use this to buy this.""  -Employee: ""Abso-fucking-lutely Sir"". The responsibility lies on the store, not the customer in this situation. Terms of service on things like coupons are not LAWS, they are terms a company is telling you they will accept. For this Company to then accept it makes these people a few bucks richer, not criminals. The customers did not lie or hide what they where doing, and the company accepted it. Good on em I say."


Save up a bigger downpayment.  The lender's requirement is going to be based on how much you finance, not the price of the house.


What's missing in your question, so Kate couldn't address, is the rest of your financial picture.  If you have a fully funded emergency account, are saving for retirement, and have saved up the $15K for the car, buy in cash.  If you tell me that if the day after you buy the car in cash, your furnace/AC system dies, that you'd need to pay for it with an $8K charge to a credit card, that's another story.  You see, there's more than one rate at play. You get close to zero on you savings today. You have a 1.5% loan rate available. But what is your marginal cost of borrowing? The next $10K, $20K? If it's 18% on a credit card, I personally would find value in borrowing at sub-2.5% and not depleting my savings.  On the other side, the saving side, does your company offer a 401(k) with company match? I find too many people obsessing over their 6% debt, while ignoring a 100% match of 4-6% of their gross income.  For what it's worth, trying to place labels on debt is a bit pointless. Any use of debt should be discussed 100% based on the finances of the borrower.


Comcast is always hiring, and they pay pretty well. I know someone that I work with now, who worked at Comcast as a Commercial Installer. He traveled a couple times a year, but each time it was to some awesome island.   Take note, however, that he was laid-off. So, layoffs are a possibility there.   Also, if you are willing to take part-time work (which, if you have only debts and no wife or child, I absolutely suggest sacrificing your credit for a few years for this opportunity), I highly recommend getting on with UPS or USPS. You will start part-time and work your way up to full-time making over $55,000/yr.   Also, don't forget about truck driving. Long-haul truck driving pays around $55,000 your first year. Most companies will train you, so long as you sign up for a one-year contract. Some companies are Central Refrigerated, Knight Trucking, Gordon Trucking, Swift, Stevens Transport, etc. This is always an option, and I intended on doing this before having formed a family, but alas... Also, trucking can lead to better, more local jobs.


It's not even pressure, it's that it makes US investments even better because the rate of return gets boosted higher.   The second part is correct: capital inflows will create more business and thus a stronger economy with more jobs.   Will this perfectly offset the loss in tax revenue? That's a huge debate as we have to start making predictions in the future of when the growth turns into a break-even point, and as we've seen many times, even CBO estimates are often flat-out wrong.


Do you know petroleum prices hit such a low? In addition to shale, it is the fear of EVs. By encouraging electric vehicles, US not only put a huge dent to OPEC countries, but it is also leading the world in the next generation EV technologies. Guess what gets that? Exports. Cleaner air. Less money for terrorist countries. Continued dominance in newer technologies. So don't just look at what Tesla is getting. Look at what US is getting. Yeah, tesla being a beneficiary is just incidental. No one made those rules for tesla alone.


"For a 10€ trip on uber, it will cost you 11€ on cabify, man. By choosing uber and paying 1€ less, you're basically accepting to give money to a company with not only worse cars, but one with what worse work environment that pays really bad to their drivers usually and that has been reported as sexist towards women in both the US and several other countries. For that 1€ more - as far as I know, so far - you could support a fairer company, better-paying for their drivers, with better cars and overall better service in my opinion. Next time you go on a ride with cabify, ask them about this thing with uber and most have worked there and will gladly talk about it.  Besides, in busy times Uber turns on dynamic pricing and in those times I've used cabify and paid 13€ when uber quoted me 19€-23€... Every time you give someone a piece of your money, it's a ""vote"" you make on which companies you prefer on the market. Something to reflect on."


Weather or not people believe in global warning or not, these moves are a step in the right direction because they raise efficiency and cut down on waste which is something companies should be doing no matter what to survive.  I guess we don't need Trump to keep us in the Paris accord because the business community will do what's best anyway.


"There is no penalty for foreigners but rather a 30% mandatory income tax withholding from distributions from 401(k) plans. You will ""get it back"" when you file the income tax return for the year and calculate your actual tax liability (including any penalties for a  premature distribution from the 401(k) plan). You are, of course, a US citizen and not a foreigner, and thus are what the IRS calls a US person (which includes not just US citizens but permanent immigrants to the US as well as some temporary visa holders), but it is entirely possible that your 401(k) plan does not know this explicitly. This IRS web page tells 401(k) plan administrators Who can I presume is a US person?   A retirement plan distribution is presumed to be made to a U.S. person only if the withholding agent: A payment that does not meet these rules is presumed to be made to a foreign person.  Your SSN is presumably on file with the 401(k) plan administrator, but perhaps you are retired into a country that does not have an income tax treaty with the US and that's the mailing address that is on file with your 401(k) plan administrator? If so, the 401(k) administrator is merely following the rules and not presuming that you are a US person. So, how can you get around this non-presumption? The IRS document cited above (and the links therein) say that if the 401(k) plan has on file a W-9 form that you submitted to them, and the W-9 form includes your SSN, then the 401(k) plan has valid documentation to associate the distribution as being made to a US person, that is, the 401(k) plan does not need to make any presumptions; that you are a US person has been proved beyond reasonable doubt. So, to answer your question ""Will I be penalized when I later start a regular monthly withdrawal from my 401(k)?"" Yes, you will likely have mandatory 30% income tax withholding on your regular 401(k) distributions unless you have established that you are   a US person to your 401(k) plan by submitting a W-9 form to them."


> Because there is more to american made than where it's assembled.  Is that not the bulk of total number of jobs, though?  R&D, CEO, etc. tax revenue is important, but for middle America the assembly line jobs are probably the most needed, right?  Also in the case of Toyota this is all the U.S. (R&D, Marketing, etc.)


"Journal entry into Books of company: 100 dr. expense a/c 1 200 dr. expense a/c 2 300 dr. expanse a/c 3   //   cr. your name 600 Each expense actually could be a total if you don´t want to itemise, to save time if you totaled them on a paper.  The paper is essentually an invoice. And the recipts are the primary documents. Entry into Your journal: dr. Company name   // cr. cash or bank You want the company to settle at any time the balce is totaled for your name in the company books and the company name in your books.  They should be equal and the payment reverses it.  Or, just partially pay. Company journal: dr. your name  //  cr. cash or bank your journal: dr. cash or bank  // cr. company name Look up ""personal accounts"" for the reasoning. Here is some thing on personal accounts. https://books.google.com/books?id=LhPMCgAAQBAJ&pg=PT4&dq=%22personal+account%22+double+entry&hl=es-419&sa=X&redir_esc=y#v=onepage&q=%22personal%20account%22%20double%20entry&f=false"


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As a meat lover, I would absolutely eat the other burger. Things like meatballs, sausages, chicken fingers, etc would be great with total replacement...but would something like a good steak be possible? Could they replicate the marbling and fat content, could it be aged, etc. I'm all for moving forward, but I don't know if it's really realistic for total replacement... another thing would be cost and sustainability. I also didn't read the article before commenting as I'm on my phone and didn't feel like opening a link, so I apologize if that was covered.


**Those that remain:**  **CEO** | **Company** ---------|---------- Paul Atkins | Patomak Global Partners (former SEC chairman) Mary Barra | General Motors Toby Cosgrove | Cleveland Clinic Larry Fink | BlackRock Rich Lesser | BCG Doug McMillon | Wal-Mart Jim McNerney | formerly of Boeing Indra Nooyi | Pepsi Adebayo “Bayo” Ogunlesi | Global Infrastructure Partners Ginni Rometty | IBM Stephen Schwarzman | Blackstone Kevin Warsh | Hoover Institute Mark Weinberger | EY Jack Welch | formerly of GE Daniel Yergin | Vice Chairman of IHS Markit Andrew Liveris | Dow Chemical Bill Brown | Harris Corp Michael Dell | Dell Technologies John Ferriola | Nucor Corporation Jeff Fettig | Whirlpool Mark Fields | formerly of Ford Motor Alex Gorsky | Johnson & Johnson Greg Hayes | United Technologies Marillyn Hewson | Lockheed Martin Jeff Immelt | GE Jim Kamsickas | Dana Inc Klaus Kleinfeld | formerly Arconic Brian Krzanich | Intel Rich Kyle | The Timken Company Thea Lee | AFL-CIO (deputy chief of staff) Mario Longhi | US Steel Denise Morrison | Campbell Soup Dennis Muilenburg | Boeing Doug Oberhelman | formerly, Caterpillar Scott Paul | Alliance for American Manufacturing Michael Polk | Newell Brands Mark Sutton | International Paper Inge Thulin | 3M Richard Tumka | AFL-CIO Wendell Weeks | Corning  &nbsp;   **Those that Left:**  **CEO** | **Company** | **Date** | **Reason** ---------|----------|----------|---------- Travis Kalanick | Uber | 2/2/17 | Travel ban Bob Iger | Disney | 6/1/17 | Paris Agreement withdrawal Elon Musk | Tesla, SpaceX | 6/1/17 | Paris Agreement withdrawal Ken Frazier | Merck | 8/14/17 | Charlottesville incident Kevin Plank | Under Armour | 8/14/17 | Charlottesville incident


What have you been doing during this conversation?  I don't need to tell you where am I to discuss the laws and ordinances of my locality, and there's no reason to doubt what I've said, unless your only recourse in this debate is to cast doubt on my expert knowledge of my marketplace.


"Whenever you do paid work for a company, you will need to fill out some sort of paperwork so that the company knows how to pay you, and also how to report how much they paid you to the appropriate government agencies. You should not think of this as a ""hurdle"" and you shouldn't worry that you haven't been employed for a long time. The two most common ways a company pays an individual are via employee wages, or ""independent contractor"" payments. When you start a relationship with a company, if you are going to become an employee, then you will out a W4 form, and at the end of the year you will receive a W2 form. If you are an independent contractor, (which you would be considered in this case), you will fill out form W9 and at the end of the year you will receive a 1099. This is completely normal and you have nothing to worry about. All it means is that if you make more than a certain amount (typically $600) in a year, you will receive a 1099 in the mail or electronically. The 1099 form basically means that they are reporting that amount to the IRS, and it also helps you file your tax return by showing you all the numbers you need on one form. Please remember that when you are paid as an independent contractor, no taxes are withheld on your behalf, so you may owe some tax on the money you make. It's best to set aside some of your income so you are prepared to pay it come tax time next year."


I was 24 when I bought my first piece of furniture, a rocking chair at a flea market. It was $12. I shopped at Sally's aka the Salvation Army and flea markets.   Both my mid-20s nieces have fully furnished homes and their mother and I aren't even dead yet. Both of us have way more STUFF than our relatively well-off parents ever had. I never thought about us being part of a larger issue, but yeah lots of fully furnished houses will be left to kids who already have fully furnished houses.


"I would have to disagree with the other responders. In technical analysis of stock charts, various short and long term moving averages are used to give an indication of the trend of the stock in the short and long term, as compared to the current price. I would prefer to use the term moving average (MA) rather than average as the MA is recalculated every day (or at appropriate frequencies for your data) on the period you are using. I would also expand on the term ""moving average"". There are two that are commonly used Going back to the question, of the value of this number, For example if the current price is above the 200 day EWMA and also above the 30 day EWMA, then the stock is broadly trending upwards. Conversely if current price is below the 200 day EWMA and also below the 30 day EWMA, then the stock is broadly trending downwards. These numbers are chosen on the basis of the market you are trading in, the volatility and other factors. For another example of how a number of moving averages are used together, please have a read of Daryl Guppy's Multiple Moving Average, though this does not use moving averages as large as 200 days."


Why do they keep rolling out this bullshit article.  Automation isn't going to impact anyone's job onshore*, at Goldman and CS all automation has done has removed work from our offshore contract with Genpact.  When an AI can go out drinking with clients and know when a CFO is resigning to start getting in front of potential successors let me know.  *For awhile


In my opinion, separating your money into separate accounts is a matter of personal preference. I can only think of two main reasons why people might suggest separating your bank accounts in this way: security and accounting. The security reasoning might go something like this: My employer has access to my bank account, because he direct deposits my salary into my account.  I don't want my employer to have access to all my money, so I'll have a separate account that my employer has access to, and once the salary is deposited, I can move that money into my real account. The fault in this reasoning is that a direct deposit setup doesn't really give your employer withdrawal access to your account, and your employer doesn't have any reason to pull money out of your account after he has paid you.  If fraud is going to happen, it much more likely to happen in the account that you are doing your spending out of. The other reason might be accounting.  Perhaps you have several bank accounts, and you use the different accounts to separate your money for different purposes.  For example, you might have a checking account that you do most of your monthly spending out of, you might have a savings account that you use to store your emergency fund, and you have more savings accounts to keep track of how much you have saved toward your next car, or your vacation, or your Christmas fund, or whatever.  After you get your salary deposited, you can move some into your spending account and some into your various savings accounts for different purposes. Instead of having many bank accounts, I find it easier to do my budgeting/accounting on my own, not relying on the bank accounts to tell me how much money I have allocated to each purpose.  I only have one checking account where my income goes; my own records keep track of how much money in that account is set aside for each purpose.  When the checking account balance gets too large, I move a chunk of it over to my one savings account, which earns a little more interest than the checking account does.  I can always move money back into my checking account if I need to spend it for some reason, and the amount of money in each of the two accounts is not directly related to the purpose of the money. In summary, I don't see a good reason for this type of general recommendation.


I know all too well how it works. That doesn't change the fact that GE didn't pay taxes.   If only my personal expenses such as food, gas, car maintenance, rent could be deducted from my tax liability and then when I operate on a loss (spend more than I receive) use that to get a tax refund. If corporations were people, why do they have a separate tax code? If corporations are people, they would be subject to the same tax code people are.   We have so much corporate welfare via the tax code in this country, that it exceeds the amount of social welfare for poor people.


"Sovereign states borrow money explicitly in a two primary ways: A sovereign cannot be compelled to repay debt, and there isn't a judicial process like bankruptcy to erase debt. When sovereigns default, they negotiate new terms with creditors and pay back some fraction of the actual debt owed.  They can also print money to repay debt, which has other nasty consequences. But, while a state cannot be compelled to repay a debt, creditors cannot be compelled to loan money to the state either! Any enterprise of sufficient size needs access to capital via loans to meet daily obligations in anticipation of revenue -- even when times are good. Defaulting makes borrowing impossible or expensive, and is avoided. Regarding using your military to avoid repaying debt... remember what Napoleon said: ""An army travels on its stomach"". Military campaigns are expensive... no borrowing ability means the soldiers don't get paid and the food, fuel and ammo don't get delivered. Smaller countries have other risks as well. Many nations are essentially forced to use US Dollars as a reserve currency, or are forced by the market to borrow money in a foreign currency. This creates a situation where any risk of non-payment results in a deep devaluation of the local currency. When your debt is denominated in dollars, these shifts can dramatically increase your debt obligations from a local currency point of view. You also run the risk that a larger or richer company will park warships in your harbor and seize assets as payment -- the US and Britain engaged in this several times during the 19th and 20th centuries. In general, not paying the bills has a cascading effect. Bad situations get worse, and they do so quickly."


Actually you have it twisted. If everyone is not getting the experience needed for making more money, then that lowers the experience threshold to get into a job making more money. However, if everyone in the Gen X generation is making less money during the time that most people save for their future, there is no way of getting that back...ever.


23  international flights is about 3000 people.   It is also 23 other flights cancelled because the plane never made it to its destination - so there is no plane to bring New Zealanders home (or continue on the next leg). This affects people in cities all over the globe.   If the pipeline is leaking, that means it is ongoing. So there will be more.   It is a big pain in the ass and a lot more than “just some hotel stays”.


Unless some factor is pushing up home prices at a faster rate than apartment prices.  Just guessing, but one reason might be that the increased potential to rent a home for AirBNB is higher than an apartment, and the increased value causes prices to rise faster in homes.


> Minimum wage was created to force employers to pay a wage that is not commensurate with services rendered  Wages have very little to do with services rendered (except as a hard cap on what employers can pay), and far more to do with who has more negotiating power. Which is almost always employers, especially at the low end.  Employment has very poor information and very high transaction costs. It's nowhere close to an efficient market.


"Money management is data-driven.  You've been operating on ""how you feel"" and ""what should be"", and that's why it hasn't been working.  First you collect data on how you actually are spending money.  Record every expenditure and categorize what it was used for.  Go back 6-12 months if you can.   You don't need blistering detail, in fact I adjusted my lifestyle to make that easy.  Fast food meals, movie tickets, USB cables, anything too small to bother recording, I just pay cash for that. Everything else:  check, ACH or credit card. It is not excessive to do it in Quickbooks or similar if you know the app.  Whatever is most efficient for you.  Now you have a log of what you've been spending on what in a time oeriod, and a log of your income. Congratulations, you have a ""Profit & Loss Statement"", a basic financial planning tool.   Now you can look at it accurately, decide if the money you are spending in each department brings the value and joy that fits the expenditure,  and change what you want. You may decide you'd rather save $1000/mo than run a $200/mo deficit.  Changing is simply coming up with different numbers that you think are achievable.  Congratulations, you have a budget or spending plan.   Again, data driven.  The point is, your spending plan is based on your actual experience with past expenditures, not blind-guessing. Then, go out and make it happen."


Different stakeholders receive cash flows at different times. The easiest way for me to remember is if you're a debt holder vs equity owner on an income statement. Interest payments are made before net income, so debt holders are repaid before any residual cash flows go to equity owners.


The problem is not that someone wants to rent out a spare bedroom and make some extra money, but that investors are abusing airBnB platform in order to control sometimes 100s of units while claiming to use them all. This can lead to entire neighborhoods turning into tourist destinations without any real locals. While renting out a spare bedroom isn't that bad it is contributing to a growing problem where people are getting kicked out of their apartments to make room for a more profitable airBnB. Tourists don't work and don't start businesses. The current hotel model isn't great either due to giant corporations controlling the most of the market, but airBnB is a corporation just the same and is growing much faster.


I hope Amazon does something to revolutionize school textbooks.   I know it's a pipe dream, but it'd be pretty rad one day to have students using a kindle of sorts to study instead of those archaic textbooks.  I think an interactive textbook style application makes for some pretty amazing possibilities, and it takes a lot of capital to really take control of the abominable situation in the school textbook situation.