Your calculations are correct. It is likely that the bank's software has a rounding error.  In effect, either your bank is overstating your interest by eight cents per month, or your bank is insisting that you prepay your principal by eight cents per month.  If the bank's ongoing interest calculations are correct, your final payment will be slightly smaller (because of the prepaid principal, and because of compound interest on those prepayments).  I have performed similar calculations for my mortgages over the years, and except upon early payoff in the middle of the month, I have always matched my banks' calculations to the penny.  Ironically, this means that my banks' formulas are a bit weird: After making these adjustments, even my calculations for the mid-month payoff matched to the penny.


"I'm still a die-hard Craftsman man. For Christmas this year I asked for some home repair tools and specified ""Craftsmen only.""  None of that Craftsman Legacy (or whatever the fuck it is) crap that doesn't have the lifetime warranty."


I'm of the belief that you should always put 20% down.  The lower interest rate will save you thousands over the life of the loan.  Also PMI is no different then burning that much cash in the fireplace every month. From Wikipedia Lenders Mortgage Insurance (LMI), also known as Private mortgage insurance (PMI) in the US, is insurance payable to a lender or trustee for a pool of securities that may be required when taking out a mortgage loan. It is insurance to offset losses in the case where a mortgagor is not able to repay the loan and the lender is not able to recover its costs after foreclosure and sale of the mortgaged property. You are basically paying money each month for the bank to be insured against you not paying your mortgage.  But in actuality the asset of the condo should be that insurance. Only you can decide if you are comfortable with having $50k in liquidity or not.  It sounds like a good cushion to me but I don't know the rest of your expenses.


I have, but they re-direct me to distribuitors in Mexico. The problem is that people who import the product get it waaay cheaper than with the maximum distribuition price in Mexico. But I have no idea where they find the product so cheap on the US...


"Personally, I love my 5"" nexus5. The only real stretch for me it's an extreme top left corner.   However, most UX designers recognize this and only rarely used controls are up there.   One handed gaming is not a problem, and the phone fits in my pocket quite nicely. Probably not in women's pockets, but they are not usually designed to carry much anyway... Women carry purses."


I am sorry for your troubles.  Presumably, you are feeling better which is the best possible outcome.  You project that you are an honest person and desire to seek a fair outcome although you were mistreated.  The insurance company should have paid a good portion of this bill. Because of this situation you will learn a valuable lesson.  Namely that collectors are scum.  They lie and manipulate to do their job.  They are trying to generate an emotional reaction out of you so you give in an put this bill on a credit card.  Do not fear them. My advice would be to ignore them.  You can educate yourself on collections law in your state.  They cannot call you at work and they probably cannot call you on a cell phone.  They will threaten to garnish your wages, tax return, and take away your birthday.  Just don't talk to them. When you can save up some money.  Once you have like $1200 attempt to settle in full for that amount.  Get it in writing ahead of time and do not give them access to your checking account.  Use a cashiers check or prepaid visa (that you then throw away).  If they say no, do not argue, hang up and call back when you have 1300.  Rinse, wash, repeat.   There is a decent chance that they have already violated some form of collections law.  If you have proof you can call the company's legal department and provide that proof.  You can then settle on having your collections waived.  In summary: This also presumes you have a lowish household income.  If you make like 70K, jut pay the bill.  I doubt that is the case though.


For the most part, yes.  /r/economics is where you go to find people that know enough about the field of study to justify bad decisions with mistaken premises.  Around here the masses have no understanding of the mechanics of heterodox economic theory, they just quote it.


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Not really.  For moderate length (5-6hr) that is a lunch break.  Leave at 6, break after 3hr for lunch, extra charge at 2:30pm for 20m, break at dinner, drive.  Meal alignment and you drove 6am to 8pm or so with only one extra stop.  If you hyper optimize your time that sucks, but was minor imo.


The machine itself was a total thing of beauty. Over engineered to the Nth degree, and made from billet alloy and exquisitely CnCed, in the most expensive way possible. Adding DRM to the thing was the final, stupid straw.  It's really like they planned to go bankrupt from the very beginning.


ETFs have caused many if not most stocks on the SP500 to become correlated.  I think at some point in the last couple of years, 90% of the SP500 were correlated to the index itself.  So you're going to see a lot of movement together of most stocks.


So after you learn some basics about bubbles you might then see that interest rates kept at their lowest since the days they were backed with gold may allow a bubble to form in housing.   You know the bond purchases increased real estate prices right? What is it about the magic $2 Trillion that makes you think the FED hit the spot right on?


Every couple years they have these polls. They're total Bullshit because they're not even sanctioned by Congress. The Island HAS voted on becoming a state and independent before, but it has always stays the same--A Free Associated US Territory. Until Congress AND the House make legislature AND THEN actually approve it, THEN a poll like this across the island would make more sense. Even if all that happens tho, it could be vetoed.   Right now this is simply like having a really expensive Twitter poll.


Well put.  In all the hysteria there is hope.  Scientific advances like contraception and modern farming have changed the resource equation.  Investing in science and understanding of these problems, including how the monetary system works, will continue to help.   Government investing (i.e spending) on technology may be the best way out of the problems OP mentioned.  Bubbles will always happen.  But overall we are living in one of the most stable-peaceful times in human history.


Rule of thumb: Invest in a tax deferred account only if your marginal tax rate is higher now than it will be in retirement. If you plan on making more taxable income in retirement than you do right now, then you should invest outside a tax deferred account.


"The short answer is that you will not be able to go back to whichever discussion you were having and say ""the Euro crisis was caused by bailing out private banks,"" if that is indeed what you were ultimately searching for here."


I tend to go the motel route and the prices now are within 10 bucks of the AirBNB price, PLUS I can check in and out pretty much anytime, and I don't have to deal with weird locking mechanisms or hour rules.   Just not seeing the case for AirBNB at the low end much these days, except I can sometimes find an AirBNB closer to where I want to be then a motel, for some locations.


"SECTION | CONTENT :--|:-- Title | Stuart Smalley's famous quote Description | ""I'm good enough. I'm smart enough. And doggone it, people like me."" Length | 0:00:08           ****   ^(I am a bot, this is an auto-generated reply | )^[Info](https://www.reddit.com/u/video_descriptionbot) ^| ^[Feedback](https://www.reddit.com/message/compose/?to=video_descriptionbot&subject=Feedback) ^| ^(Reply STOP to opt out permanently)"


"I'd suggest changing the subject when your friends talk about real estate to save your sanity and friendship.  There's a difference between ""belief"" and ""knowledge"". Arguing with a believer isn't a very productive course of action, and will ultimately poison the friendship. Reality is a harsh mistress."


>Executives commonly get good payouts from these things.  First, when companies are in some of bankruptcy or financial distress, they are forced to pay more to retain certain personnel due to the nature of the situation. If the executives left, then nobody would be willing to come in and wind up the assets of the company. It would end up costing even *more* money in the long run because you won't get talented people and you will have to bring in people with little to no knowledge of your company or your industry.  Second, bankruptcy law provides very clear guidelines for the priority of different creditors. And this is tied into the incentives that we want to encourage. If secured creditors did not get priority, then they would never lend and we would not have economic growth. The reason equity shareholders are last in priority is because they took on the risk of owning the company.


I work as an investment risk manager for what would popularly be called a top tier investment manager. Most large asset managers use vendor models like RiskMetrics, Algorithmics, Barclays Point, Barra or something similar, and use those to calculate endless varieties of analytics and risk metrics.   Some of these are granular risk models (single asset based and computing covariances between them) while others are factor models (e.g. mapping bonds to a yield curve and sector and country spread and computing the risk largely based on that mapping). Things like Value at Risk in any of its many flavors (simulated vs non simulated, mainly), ex-ante risk relative to a benchmark, stress tests, duration, beta, yield, spread, expected shortfall, what have you...   Counterparty/credit risk is a whole different world I could get into. What else do you want to know in detail?


There are a number of scholarly articles on the subject including a number at the end of the Vanguard article you reference.  However, unfortunately like much of financial research you can't look at the articles without paying quite a bit. It is not easy to make a generic comparison between lump-sum and dollar cost averaging because there are many ways to do dollar cost averaging.  How long do you average over?  Do you evenly average or exponentially put the money to work?  The easiest way to think about this problem though is does the extra compounding from investing more of the money immediately outweigh the chance that you may have invested all the money when the market is overvalued.  Since the market is usually near the correct value investing in lump sum will usually win out as the Vanguard article suggests. As a side note, while using DCA on a large one time sum of money is generally not optimal, if you have a consistent salary DCA by frequently investing a portion of your salary has been frequently shown to be a very good idea of long periods over saving up a bunch of money and investing it all at once.  In this case you get the compounding advantage of investing early and you avoid investing a large chunk of money when the market is overvalued.


http://www.bls.gov/news.release/ebs.t05.htm  So... Average american gets 16 days PTO, and 7.6 paid holidays.  None of it required by law.  *Edit: Average american in the first year of their job in 1996.  Didn't bother looking for current rates, as I doubt it has changed substantially.  More current data can be researched and compiled from here: http://www.bls.gov/ncs/ebs/benefits/2013/benefits_leave.htm


"From https://secure.wikimedia.org/wikipedia/en/wiki/Banc: Banq (also Banc, banc-corp, bancorp, or bancorporation) is an intentionally erroneous spelling of the word bank, but pronounced the same way. It has been adopted by companies which are not banks but wish to appear as such, and satisfy legal restrictions on the usage of the word bank. ... For instance, if the original company is known as Bank of America, then the new investment banking entity may be known as Banc of America Securities LLC. If the original company is known as Bank of Manhattan, then its insurance business might be known as ""Banc of Manhattan Insurance"" and its holding company might be called ""Manhattan Bancorp"". This practice originates from legal necessity: Under the laws of most states, a corporation may only use the word ""bank"" in its name if it has obtained a banking charter under state or federal banking laws. So, ""Banc of America"" is the subsidiary of BoA that doesn't have appropriate licenses to be called ""bank"". Wonders of complex regulation :)"


"This is the best tl;dr I could make, [original](http://www.aei.org/publication/warren-buffett-wins-1m-bet-made-a-decade-ago-that-the-sp-500-stock-index-would-outperform-hedge-funds/) reduced by 91%. (I'm a bot) ***** > MP: Specifically, Buffett offered to bet that over a ten-year period from January 1, 2008 to December 31, 2017, the S&P 500 index would outperform a portfolio of funds of hedge funds when performance is measured on a basis net of fee.  > A fund that tracks the S&P 500 fund might have an expense ratio of as little as 0.02%. MP: The chart above shows the annual returns on the S&P 500 index and the average annual returns on a comprehensive index of thousands of hedge funds maintained by Barclay over the period of Buffett&#039;s bet: From 2008 through August of this year.  > Funds of hedge funds accentuate this cost problem because their fees are superimposed on the large fees charged by the hedge funds in which the funds of funds are invested.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/71a3oo/warren_buffett_wins_1m_bet_made_a_decade_ago_that/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~213478 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **fund**^#1 **hedge**^#2 **index**^#3 **bet**^#4 **fee**^#5"


I might be reading this wrong, but it looks like the cartoon is saying that 4/5 of the USA's population are going to old/retired who are not contributing to the economy.  I'm no demographics expert, but I think in 2020 we'll look a lot more like the 1990 pane than the 2020 pane.  Hell I think in 1970 we looked a lot more like the 1990 pane than the 1970 pane.


"Nobody likes economists because they are not held responsible for ""externalities"" their policies generate.  Point blank; as simple as it can be said.  Until the ""profession"" starts to take responsibility for its outcomes, they should be expect to be eventually burned at the stake (literally) no matter how ""civilized"" societies have professed to have become."


It's not a sarcastic response. It is legitimate and if you were a executive, board member (at least one likely knew) or lawyer you would advise at least one of these actions Equifax implemented as well. And you would because you would not have gotten into that position if you didn't know that.


True, but shitty products is how they get their fuck all pricing.  Say what you will for the virtue of quality, but at least it's an ethos for a sustainable business.   How long do you think Amazon can sustain these prices?


">Nobody that's actually serious makes this argument<  Which fallacy is that? Is it ""No True Scotsman""? Or is it a form of ""Argument from anonymous authority""? Or a form of ""Ad Hominem"" argument"". Or ""ad populum""?  Whichever fallacy it is, it certainly is not a rational response to the question."


Price for the latest transaction. If the stock is selling for  $898.7 means that the stock is currently trading for  $898.7, and it will be your ask price of stock if you purchase currently.


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"For equities, buy direct from the transfer agent. You have to buy one full share at a minimum but after that dividend reinvestment is free.  There are others like share builder and foliofn that let you buy fractional shares. As the other poster said their roster is limited so you cannot buy every ETF out there.  With your example of not wanting to spend $200 I agree with the others that you should invest in a mutual fund. Vanguard will have every index fund you need and can invest as little as $50, as long as you sign up for a systematic investment draft from your bank. Plus vanguard typically has the lowest fees in the industry.  The most important thing is to start investing as soon as possible and as regular as possible. ""Pay yourself first"""


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You should also update your Net Worth Statement as well as an inventory of all your assets.  Unfortunately these are extremely time consuming, but in the event that you pass away your loved ones will know all of your finances and it will be easier for them in a very difficult time.   The Net Worth Statement compiles just that, your net worth.  The net worth is compiled by subtracting your liabilities from you assets.  Assets include things such as cash, money in accounts, all estimated value of your household items, any life insurance, bonds, mutual bonds, and retirement money.  The liabilities include amounts such as your mortgage, second mortgage, car loans, unsecured loans, credit cards, student loans, and life insurance loans.  This statement is a great way to track year to year how you are doing on your finances and if you are where you need to be in order to retire when you would like. The Inventory is also very important. This is used in the event that you have a fire or some sort of disaster that requires you to give a statement of any items you had in your home.  This is a very difficult thing to go through, and having this statement ready to hand over only makes thing easier.  There are a couple ways to do this.  Some people take pictures of everything they have in their house and make notes of prices and values, some people take a video of the whole house, and some people write down item by item on the computer or on a piece of paper.  Whatever way you would like to do it is fine, what works for one person does not necessarily work for the other.


"For me, the main benefit of using duplicate checks is that the copy is created automatically.  If I had to take an extra step, whether taking a photo or writing on a stub, I would probably not always remember to do it.  There is also the issue that you might need to write a check when you don't have your smartphone with you, or it is broken or has a dead battery, etc. There are various pros and cons of having an electronic record versus a paper record.  A paper copy of a check is more vulnerable to physical loss or intrusion, but an electronic record is more vulnerable to hacking.  You also have to keep the images organized somehow, and take care of data security and backups for the images.  You'll have to evaluate which is the greater concern for you. A minor side point is that check duplicates often omit the account number and obscure your signature.  A photo of the original check would include both of these. As far as ""evidence"", it seems to me they're both equally good evidence that you wrote the check - but that's not really that useful.  In most sorts of disputes, what you would need to prove is that you actually delivered the check to the intended recipient, and neither the photo nor the paper copy is evidence of that.  You could have written the check, taken your photo / copy, and then torn it up."


Average hours worked actually increased that month. This is a better measure of job quality that simply the portion of jobs that are full or part time. It means that most of the full time jobs lost that month were low hour full time jobs and/or most of the part time jobs that were gained that month were high hour part time jobs.   Cynics can always cherry pick, but if you look at the more meaningful numbers the economy is still slowly improving.


"This is the best tl;dr I could make, [original](http://www.heritage.org/welfare/report/five-myths-about-welfare-and-child-poverty) reduced by 98%. (I'm a bot) ***** > Even in a non-expansion state, the single mother will still have substantially more combined income from welfare and earnings by holding a minimum-wage job than by relying only on welfare.  > The notion of a welfare poverty trap is typically based on analyses using combinations of welfare benefits that rarely occur in the real world.  > The data in the article show that when a single mother has earnings at the poverty level, she will typically have combined earnings and welfare at roughly twice the poverty level.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6uzqzz/five_myths_about_welfare_and_child_poverty/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~195270 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **welfare**^#1 **benefit**^#2 **work**^#3 **program**^#4 **percent**^#5"


The problem with a little bit of deflation is that it can turn into a lot of deflation very quickly.  That id the risk of the so-called liquidity trap.  a place where the Fed truly does lose its power and depressions become possible.  The US housing market is in a secular depression.  People aren't buying despite record low rates because they assume the house will be cheaper next year.  Now imagine that across the entire economy.  The longer you wait the cheaper things get.  It *sounds* groovy but the problem is that it isn't just you waiting...it is everyone waiting, all at the same time.  So the economy, such as it is, grinds to a halt and jobs vanish and things get even cheaper.  It is a cycle that is extremely costly to get out of.  The last time we fell into a depression it took massive new government spending programs plus a world war to fully pull us out of it.  Some people might make the argument that you need a good long depression every now and then.  They may say that, in fact, the Great Depression was the catalyst for policies that set America up for 70 years of solid economic growth.  I'm not so sure.  I do look at our current situation with bailed out zombie banks and I have to wonder if just letting them all fail may have been better even though the short term pain would have been severe.  We'll probably know in about 5 years if they did the right thing.


I worked for sears and it was the most abysmally fucking shitty place to work that I have ever experienced... Perhaps it was because I was an rebellious 17 year old that would come in wearing wingtips and a tie, or perhaps it was because I was getting paid 5-7.5% comission on tv's where the markup was close to 40%.  I was taught to upsell people to tv's that were worse than other models with lower price tags.  I also learned that Sylvania is basically the most aidsy brand of tv on the planet.


I can't answer the question if you should or shouldn't get a credit card; after all, you seem to manage fine without one (which is good). I started using credit cards when I lived in the UK as the consumer protection you get from a credit card there tends to be better than from a debit card. I'd also treat it as a debit or charge card, ie pay it off in full every month. That way, because you're not carrying a balance the high interest rate doesn't matter and you avoid the trap of digging yourself deeper into the hole each month. Cashback or other perks offered by a credit card can be worth it, but (a) make sure that they're worth more than the yearly fee and (b) that they're perks you're actually using. For that reason, cashback tends to work best. I'd get a VISA or Mastercard, they seem to be the ones that pretty much everybody accepts. Amex can have better perks but tends to be more expensive and isn't accepted everywhere, especially not outside the US. But in the end, do you really need one if you're managing fine without one?


"There is the price they want and the price you pay. Everything is negotiable when its a service (always possible, but usually harder with actual ""goods""). You should always haggle and price match your vendors. You can also try going to different vendors and not telling them its for a wedding and see if there really is a price difference. For example, call up a florist and say you need X, Y, and Z for a corporate banquet or for a special event for which you cannot give the details. If you then tell them its actually a wedding, and they blindly raise it without a good justification, move on. That said, they jack up the price because they know most people will says ""it's my wedding"", ""it's once in a lifetime"", ""it's MY special day"", etc.... The same is true about diamonds, their price does not reflect the actual supply and demand ratio, just the perception that has been created. However, as mentioned in some of the comments above, the service provided at a wedding may be different or more involved than just a normal dinner The more important issue is ensuring there are no back fees, no hidden fees, and you have well written, well reviewed contracts. For example, we know a couple whose caterer added a mandatory 20% gratuity, regardless of the service which was provided. Most venues or restaurants will not be making the bar a lose-leader, but they will charge for other things.  You can also save money by buying used or looking on ebay for prices closer to wholesale for the product. I think a good analogy to this is the Recent Time Magazine article on the price of healthcare - it costs a lot because its a small market and its harder to navigate, and most are not experienced shoppers in the area or don't have control over the individual item costs."


I’d say No, it’s not crazy. I did that even for a mortgage, because the bank tended to lose my checks or let them sit for some days, and then claim I paid late. They were known on the internet for their poor processing department, so I decided to avoid that monthly hassle with calling and arguing, and refinanced. Compare the pain with the cost for refinancing, and if you think it’s worth it, change. You might even get a cheaper credit, and save on it.


In the Canadian system there is still health insurance plans. They cover things like optometrists and dentists which are not covered by the government.   The real problem with drug prices in the US is that the government gives the drug companies a monopoly ( through patents ) and prohibits negotiating prices. The financial incentives make doctors and insurance companies favour more expensive drugs (for bigger kickbacks)


Sorry, but I found the opinion piece a very weak argument for deregulation. Mr. Salter backs none of his assertions with a single study or researched fact. Mr. Salter shows a lack of any nuance when it comes to understanding that not all regulations are stifling competition, and in fact some do help 'the little guy'.  Most of his baseless complaint revolves around the idea that the 'too big to fail' mega-banks are making out big time with regulations killing competition. Fails to grasp the idea that deregulation is what created these economy destroying mega-banks in the first place.


They are only following the affordable care act model.  Make it so laws are in place where entities like schools and such have to have them.  Then Jack the price up.  This is not capitalism.  This is monopoly backed by government.


So the banks and funds that the billionaires keep their money in doesn't help economic activity or growth? You need to learn how money flows and circulates through the economy.   Also your hypothetical scenario is absolutely terrible.  A billionaires income = 30% of their net worth...come on. Someone making 50k and spending 45k of it needs to start making smarter financial decisions   Please tell me what you believe the proper tax rate should be on America's wealthy, given that the top 1% of earners already contribute more than 1/3 of the IRS's revenue


"> Well if you weren't such an entitled prick, you'd know that it just flat out isn't as simple for some as ""find a better job"" or ""make more money"" or ""improve your lot in life"" as you have suggested here many different ways.  Yes, true.  Life is harder for some than it is for others.  Welcome to life?  >There are countless reasons why that just simply is not possible, and hence why there is, in fact, a need to require a living wage, no matter how hard you cover your ears and scream ""LALALALA"". If you weren't so self important, maybe you'd see that.  How does acknowledging the facts of life make me a self important, entitle, prick?  You know absolutely nothing about me.  How I grew up.  What I do now.  Nothing. You're just mad because someone told you you are responsible for your own life and that just sounds too difficult for you.   The fact that you think a minimum wage will solve the poor problem tells me you know *literally* nothing about economics."


"The shortage is of capable people willing to work for peanuts.  I am in the tech industry, but my schooling is in electrical engineering.  It was always, and remains my belief, that IT degrees are bullshit.  You can teach someone to recite the manual, rattle off specifications, memorize protocols, and even to calculate design equations in telecom inside his head, but you can't teach someone to actually implement those things.  You can teach information, but that won't give someone who doesn't naturally have the right thought processes and mental organization, to do the actual work.  I started an IT business during high school, which I am sure isn't too uncommon in the Reddit community.  I've had people think they were ""hooking me up"" or doing me a favor by offering me some $50000-60000 per year job working full time as staff IT for a company.  I don't generally tell people how insulting the offer is, or how I made almost that during my last year of high school.  There is no way I would consider taking a job that paid less than $125000 per year.  Even that would be contingent on there being enough time left for me to continue running my other businesses even if I had to hire employees to do more of the work than I have them doing now.  There are also a lot of complete idiots who somehow tend to easily get jobs in the field, which seriously lowers prospective employers' opinions of what they will probably get when they hire someone.  It's a huge headache with these bozos constantly giving my industry a black eye."


If the payment is sent to incorrect swift code, the receiving bank will return the payment.


When property changes hands the sale prices may or may not be used to determine the appraised value of the property, and they may or may not be used to determine the appraised value of other properties. Because of the nature of the transaction: you already have an existing business relationship, the local government is likely to ignore the data point provided by your transaction when determining values of similar properties. They have no idea if there was some other factor used to determine the price. They will also not include in the calculation transactions that are a result of foreclosure becasue the target price is the loan value not the true value.  California and some other jurisdictions do add another wrinkle. You will need to determine if the transaction will trigger a reevaluation of the property value. In some states the existing laws of the state limited the annual growth of the assessment, but that could now be recaptured if the jurisdiction rules that this is a new ownership: California Board of Equalization - Change in Ownership - Frequently Asked Questions How does a change in ownership affect property taxes? Each county assessor's office reviews all recorded deeds for that   county to determine which properties require reappraisal under the   law. The county assessors may also discover changes in ownership   through other means, such as taxpayer self-reporting, field   inspections, review of building permits and newspapers. Once the   county assessor has determined that a change in ownership has   occurred, Proposition 13 requires the county assessor to reassess the   property to its current fair market value as of the date ownership   changed. Since property taxes are based on the assessed value of a property at   the time of acquisition, a current market value that is higher than   the previously assessed Proposition 13 adjusted base year value will   increase the property taxes. Conversely, if the current market value   is lower than the previously assessed Proposition 13 adjusted base   year value, then the property taxes on that property will decrease. Only that portion of the property that changes ownership, however, is   subject to reappraisal. For example, if 50 percent of the property is   transferred, the assessor will reassess only 50 percent of the   property at its current fair market value as of the date of the   transfer, and deduct 50 percent from any existing Proposition 13 base   year value. In most cases, when a person buys a residence, the entire   property undergoes a change in ownership and 100 percent of the   property is reassessed to its current market value.


Oh I totally agree. I'm just curious as to whether or not they've done it before. Google is, for the most part, a much more trustworthy company than Microsoft so I'm interested in seeing the route they'll take.


"One reason I have heard (beside to keep you paying rent) is the cost of maintenance and improvements.  If you hire someone else to do all the work for you, then it may very well be the case, though it is not as bad as a car. Many factors come into play:   If you are lucky, you may end up with a lot that is worth more than the house on it in a few decades' time. Personally, I feel that renting is sometimes better than owning depending on the local market.  That said, when you own a home, it is yours.  You do have to weigh in such factors as being tied down to a certain location to some extent.  However, only the police can barge in -- under certain circumstances -- where as a landlord can come in whenever they feel like, given proper notice or an ""emergency.""  Not to mention that if someone slams a door so hard that it reverberates through the entire place, you can actually deal with it. The point of this last bit is the question of home ownership vs renting is rather subjective.  Objectively, the costs associated with home ownership are the drags that may make it a bad investment.  However, it is not like car ownership, which is quite honestly rarely an invesment."


I routinely max out my 401k contributions.  The company's stupid website actually forces me to make two contributions -- one for the regular contribution, and another for the Catchup Contribution. I routinely adjust my 401k contribution throughout the year -- at the first of the year, I calculate how much to withhold such that I can adjust withholding to 6% of salary more than before, once I hit the SS tax limit.  At the first of the year, I ignore bonuses.  I re-adjust (if needed) once I know bonuses. I've worked for my company for almost 30 years now.


> The Prime video content is like 9/10th garbage.  I find this true of any streaming video service...  We're all in it for the 1/10, but which 1/10 you like varies from person to person.   And some of their originals are really good, I'd have paid real money to watch Man in the High Castle.  There's other good ones like Alpha House, Transparent, or The Tick, or that movie that they won all the awards for?


Since from the question it seems that you're talking about the US taxation, I'll assume that. You can definitely continue filing jointly. Being members of a partnership has no bearing on how you file your own tax return. The partnership will distribute K-1 to each of you separately, but you'll report both of them on the same return.


Supplier of Ramming mass in India http://quartzpowdermanufacturers.com/supplier-of-ramming-mass-in-india.php Shri Vinayak Industries is a very well acknowledged name in the field of supplier and manufacturer of Ramming Mass, Quartz Powder, Quartz grit, and Talc Powder minerals. We supply our product mainly in Vietnam, South Korea, UAE, Malaysia, Taiwan, Thailand, Saudi Arabia, and Indonesia


I'm a woman in her early 30s who has a bachelors degree and a job.  I rent an apartment, own my car and spend within my means because that's what I was taught.  When my sister and now ex-bro-in-law decided to buy a house in the middle of the bubble, despite having no saved money and a child on the way I shook my head at them.  They responded with, 'Real estate only goes up, it's an investment'...I laughed and told them they were fucking stupid to pay $350,000 for an older 2 bedroom house in Phoenix, AZ that was severely overpriced but they said, 'well it's 0 down and the interest rate is like NOTHING!'  Cut to now, the same house is worth MAYBE $110,000 but ya know that great interest rate they got at the beginning wasn't so great when they had to refi so they didn't want to pay their payments for a $110,000 house with a $350,000 loan so they stopped paying their mortgage.  Nothing really happened except some letters were sent and was told that the only way to get a better interest rate was to HAVE to miss a certain number of payments (maybe 6 months) in order to qualify for the loan the Obama admin had created.  At some point that year she decided to get a boob job, tummy tuck and liposuction and her and her husband felt the need to purchase all kinds of new things.  She eventually did qualify for that government help and was totally forgiven for the 6-8 months of payments they missed... so CLEARLY purposely missing payments would have been considered 'very smart' by those same analysts who called what American Airlines did as 'very smart.    So I sit here, with my morals in tact and they sit there like a million other people in this country having their cake and eating it too so I have to wonder WHAT THE FUCK? Was I the stupid one for not following the rest of the asshole idiot sheep and screwing all the people with what I would have thought were basic morals?  It appears so.


It's not so much the rate of the debt as it is the total cost of the debt relative to the gain you expect to see from using it to purchase something of value. I've known people who were quite happy to pay 12% on personal loans used to buy investment properties for flipping.  They're happy to pay that because conventional loans from banks require too much documentation and out-of-pocket expense.  For some investors, 12% without all of the documentation burden is money well spent. So if I'm the investor, and the interest on this 12% loan is $5,000 and I can flip a property for $20,000 after all of the other expenses, then the 12% loan was an enabler to netting $15,000 profit.


"One way to think of the typical fixed rate mortgage, is that you can calculate the balance at the end of the month. Add a month's interest (rate times balance, then divide by 12) then subtract your payment. The principal is now a bit less, and there's a snowball effect that continues to drop the principal more each month.  Even though some might object to my use of the word ""compounding,"" a prepayment has that effect. e.g. you have a 5% mortgage, and pay $100 extra principal. If you did nothing else, 5% compounded over 28 years is about 4X. So, if you did this early on, it would reduce the last payment by about $400. Obviously, there are calculators and spreadsheets that can give the exact numbers.  I don't know the rules for car loans, but one would actually expect them to work similarly, and no, you are not crazy to expect that. Just the opposite."


Another possibility that you might consider is to find a renter for your current place and move to your destination. If you have a lease for your renter, your mortgage company can consider that as income for approving the purchase of a new house. I did something similar when I purchased my current home, but I was also able to get approved without selling or renting the old place. There's no reason that someone couldn't create a house swapping site for longer-term than a week. It may not initially have as much demand as a 1 week swap, but there are no such existing services that I am aware of.


Fair enough. All anyone can do is be aware of the facts and form their own conclusions. You're one of the first I've come across that believes this is a good thing, but at least you've backed it up a bit with how you think about it. I still disagree, vehemently, but there's not much more to say here.


I never said anyone should pay income tax on minimum wage. Why did you instantly turn this discussion into a Right V Left war? The point was the 30% threshold is too low as you in fact get 100% takehome to work with.


First measure the actual power draw for your devices, or you may waste effort through premature optimization.  It might not be worth the trouble to unplug an idle device every night just to save a penny or two. I suggest you get your hands on something like the Kill-A-Watt, to begin with. Essentially, it's a pass-through device that measures power consumption for whatever you plug into it. Manufacturer says: [...] cut down on costs and find out what appliances are   actually worth keeping plugged in. Simply connect these appliances to   the Kill A Watt®, and it will assess how efficient they really are.   Large LCD display will count consumption by the Kilowatt-hour, same as   your local utility. You can calculate your electrical expenses by the   day, week, month, even an entire year. [...] IMHO, something like this is worth the cost, and I've had one for a while.  A nearby library may also have units on hand to lend out. While the Kill-A-Watt is easy to use, the primary drawback is that it doesn't handle everything in the house: i.e. anything hard-wired (no plug) or else running on 240V (electric range, clothes dryer) can't be measured. To handle those you'd perhaps want to look at solutions that can monitor from the panel, such as TED or something similar.


"hey numb nuts, I've been working with blockchain implementation since before you became an armchair investor.  blockchain technology is an implementation of security by consensus, it can be between 2 people, and 100 million. bitcoin's incentive is the mother of all pyrimid schemes,""put value into this, so it has value, so you can get value out of it"". It was never suppose to be industrialized in the way it has been, and it's become an amoral waste of resources. further evidence can be found in the fact that bitcoin HAD no value except as a currency before people started hacking contracts and the like into it. Etherium is admirable in that it actually has some kind of intent of value built into it, but it's simply not good enough for high demand applications.  in a private chain, mining doesn't operate with an increasing cost, it *could* be done by a single system, which is good enough for an internal chain. The security comes from the immutability of the chain that is generated which is what everyone subscribed to the chain gains. once something is added, no amount of hacking a centralized system could change the confirmed blocks, an attacker might be able to add a bunch of new blocks, but you could (with consensus) roll back the entire chain.   as a simple example: a company has several partners who it coordinates exchange rates with. they set the value and they want to share that with their partners, while keeping an entirely tamper proof history of the set values. they start the chain, and allow their partners to subscribe to it. they can then set their system to add a block every hour, which contains the set values. now every partner is keeping a consensus based record of what the trading values were when. If for whatever reason an audit was required (ie say they suspect someone was trading higher/lower than they should have) they can audit the chain and see exactly what everyone agreed would be the price at the time the exchanges were made. if a partner messed with his chain to cover whatever shadiness he would be involved in, the other's would refute it. It would be exceptionally hard for any single bad actor to alter all the chains.  the incentive in a private chain is rolled into business incentives for record keeping. They gain value by keeping certain types of records secure in this manor, therefore it is worth it to do, they don't need a literal payout to keep their own records secure.  this is why companies want to use the blockchain, immutable records, secured by even loose consensus are more secure than a centralized database, but with little to no increase in operation overhead. It then further gains value in that it could lead to distributed & geosafe recorder keeping and management.  TLDR: lol you armchair finance guys."


Do you want a house?  Sounds like you do.  Did you think about what it will take to own a run a house?  I am betting you have.  Buying a home shouldn't be about an investment in anything other than you happiness and you sure seem conscientious and ready. Your worries are good ones, but don't forget about unemployment insurance, that as responsible people you can get another job.  Do you have a life insurance policy?  If you really really can't afford your payments, you can try to sell the house because you should have plenty of equity per your plans. Furthermore, chances are you will earn more in your paychecks over your lifetime.   Think about what features you want, shop the market hard, take time and buy a house on reason rather than love.  Don't you dare love the house until you buy it.


"I hate that filmmaker Kip Anderson.  Every movie he makes is a vegan trap.  He starts by talking about how red meat and dairy are bad, then eggs are bad, oh and of course fish are also bad.  The only healthy way to eat of course is being a vegan.    The pseudo science is painful to listen to.  He basically tries to say casein protein is as bad as heroin.  And they call milk ""cow puss"".  I turned it off as soon as they called cheese ""basically coagulated cow puss"".    He takes advantage of the fact that people take health documentaries pretty seriously, and uses it to push his personal agenda.  Really disappointing because nothing I've seen in any of his movies has any credibility once I realized how much he was stretching the facts.    There are tons of better documentaries that will have a similar affect on people but with WAY better science.  These days I see tons of people saying they watched a Netflix doc and changed their eating habits.  Fed Up was pretty great.  Also Sugar Coated is one of my favorite food docs ever."


"Does the bank need to use image based CTS in my case? Will it fall under ""cheques cleared under physical exchange of instruments""? No. In this case it is used as a withdrawal slip. It doesn't go anywhere. My bank manager told me that correction in CTS cheque is not allowed but I think they don't need to clear the cheque by taking an image, so it should be valid under RBI guidelines. The Manager maybe going over board or being cautious ... You have to decide whether its worth the battle in forcing Bank to accept corrected cheque. Or simple use a new one."


You should speak to a good tax adviser. The less documentation you have the more problems IRS are going to cause you. Generally you can deduct business losses (in the year they occurred, which is 2011), but you have to show that that was a valid business, not just a way to reduce your tax bill with personal expenses. Thus lack of documentation reduces your ability to prove that you're entitled to the deduction. The burden of proof is generally on you. You can not deduct it from 2012 taxes, but you can still amend 2011. Keep in mind though that amended returns have higher chance of audit, and a significant business loss on a business that only existed that year is a major red flag which will raise the probability of an audit to very high percentage. Theoretically, if the business was real and just failed - you can definitely deduct this. But practically, lack of documentation may cause too big a problem, and a tax adviser might suggest you giving it up if he doesn't think you have a real chance to convince the IRS. Definitely don't do that without a professional advice. It is worth fighting for, its quite a loss, but don't do it on your own as you will definitely lose.


Machinery that are mobile or fixed, and that need hydraulic fluids at high pressure for various types of their operations, will use hydraulic hoses. The metallic connectors that tend to fix the hoses to the receptacles are known as adaptors or connectors. Brennan adapters are a specific brand of end connectors that tend to be utilized for such job.  Visit us : http://motorlubrication.webnode.com/brennan-adapters/


"hi OP -- first, MLM means ""multi level marketing""  not Mid Level Management.  for a great description of multi level marketing, check out the Herbalife documentary ""Betting On Zero"" on Netflix  second, any group that goes on and on about We Are Not A Pyramid Scheme is unfortunately a red flag for a pyramid scheme.  i am so sorry to say this because i bet it sounds like a fantastic opportunity in the sales pitch they give you.    third, check out this review -- https://getoutofdebt.org/16566/investigative-report-dave-burke-and-real-talk-network-real-talk-network-inc  may i ask, did you give these guys your credit card information?  you might want to check right now to see if they dinged you.  sounds from the article like these guys are doing some really shady stuff, i hope you don't get ripped off  edited: words"


Why don't you get a better serving job?  If you have all those years of experience why not bartend at a local or try for PF changs or Cheesecake Factory or something?  I'm not trying to be snarky, I've got 13 years in the trenches myself. I just wouldn't work at a tgichilibees at my age or with my experience unless I was on some real hard times.


You can call what you're asking about a 'wealth tax', or 'capital tax'.  These are taxes not based on income you earned in a year, but some measure of how much you own. Some countries (Italy I believe is a prime example) tax ownership of foreign land. Some countries tax amounts owned by corporations [Canada did this until ~5-10 years ago depending on province]. Some countries strictly tax your wealth above a certain level (Switzerland, as has been mentioned, does this).  One form of what you are referring to that does exist in the US is the 'Estate Tax'. This is a tax on the amount of wealth that a person owns, at the time they die. The threshold for when this tax applies has been very volatile over the last 20 years, but it is generally in the multi-millions, and I believe sits somewhere around $5M. If these taxes start to crop up more and more (and I believe they will), don't be shocked at the initial 'sticker price'. Theoretically a wealth tax could replace some of the current income tax regime in many countries without creating a strict increased tax burden on their people. ie: if you owe $10k in income tax this year, but a $2k capital tax is instituted next year, then you are still in the same position as long as your income tax is reduced to $8k.  Whether these taxes are effective/preferable or not is really a question of economics, not personal finance, so I will not belabour that point. Note: if the money you have saved earns money (interest, or dividends, or maybe rent from a condo you own), then those earnings are typically taxed alongside your wage income. Any 'wealth/capital tax' as I've described it above would be in addition to income tax on investment earnings.


Depending on  your credit score you might be able to balance transfer to a lower rate. Credit is still cheap, with a good credit score you should be able to get ~ 6%, maybe even lower if you go through a credit union.  Given you return is 13% (!!) I would not divert money from that.


It's the result of many companies now outsourcing production to the same contractors.  It's easy to see in electronics (Foxconn, Blackberry Playbook/KindleFire, etc) and happens in other industries as well.  As our communication technology increased over the last century, it became easier and easier to contract out production.  Now it is easy to choose any supplier/contractor in the globe for the production of your product.  As suppliers/contractors begin to optimize and specialize, they become the dominant solution for their sector.  This then leads to that product uniformity, which is close to working very nicely as a term.


‘Parenting towards Resilience’ was the main theme discussed during a conference held recently, organised by Agenzija Sedqa in collaboration with the Office of the Children’s Commissioner. Ms. Sina Bugeja, Chief Executive Officer, Foundation for Social Welfare Services during her opening address explained that Parenting towards Resilience, was the main theme chosen by the Foundation to celebrate this year’s Children’s Day. Moreover, Ms. Bugeja mentioned the recent launch of the National Children’s Policy that safeguards children’s rights and ensures space for their opinions before decisions are taken. She mentioned that parents need to be kept abreast with changing parenting styles as well as with different influences which might affect children’s development. Ms Helen D’Amato, Commissioner for Children, said that the inherent vulnerability of children requires not only a strong legal and institutional framework of protection but also the consolidated ability on the part primarily of parents to nurture their children in such a way as to instil in them the inner strength and will to overcome the challenges that come their way during their childhood. This is important, she said, as there is a limit to how far the legal and institutional framework can go to actually protect children in the context of an increasingly complex and challenging social and cultural environment, and also because the development of such inner strength and will is an integral part of children’s gradual maturity into strong, independent and responsible adults. The development of this inner strength or resilience should be seen as a main goal of the child’s upbringing. Ms D’Amato thus urged all parents to continue helping their children develop these inner qualities. During his closing address, Mr. Jesmond Schembri, Operations Director, Agenzija Sedqa said that since its inception Sedqa has always been at the forefront of imparting skills to parents to improve their communication with their children. Although the Agency is best known for its work with persons experiencing drug, alcohol or gambling-related problems, it nevertheless invests a lot of resources in prevention. The main presentation of this conference was entitled Inrawmu ‘l Uliedna biex Jilhqu l-Isfidi, delivered Ms. Clarissa Sammut Scerri, Registered Counselling Psychologist and Family Therapist. She is also a full time member of staff within the Department of Psychology at the University of Malta. Her presentation focused on a clear description of what is resilience in children, highlighting the kind of parenting that makes a difference in enhancing resilience in children. She stressed the importance of a warm, parent-child relationship that is attuned to the child’s needs according to his or her unique development. This relationship greatly affects/influences every aspect of children’s learning and development, especially the growth of their inner security, self-worth and ability to build relationships with others. Ms. Sammut Scerri also spoke about how harmony in the family, consistent guidance especially in adolescence, and adequate role models also help to promote resilience in children. She also cited from her research on families with domestic violence highlighting the resilience (and challenges) of these family members. This conference was attended by parents, carers, and various professionals in touch with children of all ages. The workshops delivered were: Families of Children with Disability by Ann Marie Callus and Marchita Mangiafico; Education & Parenting by Juan Camilleri; Role Models by Carmen Delicata; Building Resilience in Adoptive Children by Cher Engerer; The Mindful Parent – Parenting against Substance Use Risk by Anthony Gatt; Building Attachment by Elaine Grech; Parenting Towards Resilience with the Media by John Mallia; Playful Parents, Playful Children, Playful Therapists by Dott Roberta Attard & Daniel Mercieca; Looking After Traumatised Children in Foster Care by John Role’; and Power Struggle between Parents and Young People by Carmen Sammut. http://gozonews.com/...r-parenting-for-


I'm not a finance guy by trade, I'm an accountant, so I'm not 100% sure, but I'm going to say no.   EBITDA is your accounting profit before interest, taxes, depreciation and amortization. So it's already free of many non-cash items, and is closer to a cash-basis measure of profit, but still includes many non-cash revenues.   As far as I know, the discounting is to take the time value of money into account so you can make a decision on whether the present value of the expected future cash flows are greater than the present value of the cash outflow being asked today. If it is, then you buy. If not, then you don't.


Maybe the retailers will learn that their only competitive advantage is their employees.  And they will stop allowing employees to be such surly douchebags.  Seriously.  Who the fuck wants to talk to a Target employee, for example.  They're miserable people who don't want to be bothered.  I'll be glad to see them all fail with maybe just a few left who can actually do customer service well.


Hmm... I'm sure setting up an entirely new market would be really easy and wouldn't be met by serious backlash from extremely rich enterprises that like the status quo.  /sarcasm  I picture that option even more monumental of a task than a small company trying to set up as a new ISP in a city where a large telecom has a majority.  It's nearly impossible thanks to all of the money that the large telecom can throw at maintaining its current market share.


Yesterday, there were a pair of shoes, a deer, and a bushel of apples in the world. Today, of those three things, there is only a pair of shoes and a deer.  Your legal expertise might be able to find some kind of recoverable asset to get the shoemaker back his money, but even the supreme court cannot rule the destroyed value back into existence. The economy is poorer than it was before the fire, no matter how we move the loddars around-- the loddars are just markers for the underlying value of actual stuff, goods and services that are actually useful.   Analogies are problematic because they are inaccurate, but as a half-measure explanation, you could imagine that the loddars are poker chips:  - Four people down to play a game of poker, and each puts $20 cash into a kitty and takes out $20 worth of chips.   - A freak gust of wind comes along and blows one of the $20 bills out the window.   - Now there is only $60 in the kitty, even though we each have $20 in chips. As a lawyer, you might be able to identify some person who is liable for that $20 shortage, but as an economist, I see that this little economy is now $20 poorer, and no matter how well anyone plays, the total output of the poker play is going to produce less than $80 value.   Now go back and pretend that the poker chips are instead cash currency, and the cash in the kitty is actual goods and services (again, analogies are problematic). You can move the markers around however you want, but but some part of the underlying value has been destroyed.


Can anyone recommend a good textbook for a first course in finance? I'm not studying it, if it's relevant--I'm just a guy who wants a better understanding of the financial sector. I don't know anything anout finance outside a few basic concepts.


Once you know what you want from your garden, contact experienced NJ landscape architects like Tapestry Landscape Architecture to see if what you want is feasible. A skilled landscape architect may also open your eyes to new ideas that could make your initial design even more beautiful.


I think traffic and public transit is still a government problem. It's just that Microsoft decided to offer perks to their employees. Just because I start a carpool with some other parents doesn't mean I'm suddenly responsible for fixing the transmission on the school bus.


You Need A Budget may be what you're looking for. It is focused on budgeting your expenses in advance, and looking forward instead of backward. (Disclosure: I am currently doing some development work for You Need A Budget.)


"Like most other things, this is ""sometimes,"" but not always true. Sometimes banks will be willing to sell at a discount, sometimes they will hold out for ""full price."" But if you want a discount, this is a good place to ""look."""


"I'll start with a question... Is the 63K before or after taxes?  The short answer to your question on how much is reasonable is: ""It depends."" It depends on a lot more than where you live, it depends on what you want... do you want to pay down debt? Do you want to save? Are you trying to buy a house? Those will influence how much you ""can"" (should let yourselves) spend. It also depends on your actual salary... just because I spend 5% of my salary on something doesn't mean bonkers to you if you're making 63,000 and I'm only making 10,000.  I also have a lot of respect for you trying to take this on. It's never easy. But I would also recommend you start by trying to see what you can do to track how much you are actually spending. That can be hard, especially if you mostly use cash.  Once you're tracking what you spend, I still think you're coming at this a bit backwards though... rather than ask 'how much is reasonable' to spend on those other expenses, you basically need to rule out the bigger items first. This means things like taxes, your housing, food, transportation, and kid-related expenses. (I've got 2.5 kids of my own.) I would guess that you're listing your pre-tax salaries on here... so start first with whatever it costs you to pay taxes. I'm a US citizen living in Berlin, haven't filed UK taxes, but uktaxcalculators.co.uk says that on 63,000 a year with 3 deductions your net earnings will actually be 43,500. That's 3,625/month.  Then what does it cost you each month for rent/utilities/etc. to put a house over your family's head? The rule of thumb they taught in my home-economics class was 35-40%, but that's not for Europe... you'll know what it costs. Let's say its 1,450 a month (40%) for rent and utilities and maybe insurance. That leaves 2,175.  The next necessity after housing is food. My current food budget is about 5-6% of my after-tax salary. But that may not compare... the cost to feed a family of 3 is a fairly fixed number, and our salaries aren't the same. As I said, I am a US expat living in Berlin, so I looked at this cost of living calculator, and it looks like groceries are about 7-10% higher there around Cardiff than here in Germany. Still, I spend about 120 € per week on food. That has a fair margin in it for splurging on ice cream and a couple brewskies. It feeds me (I'm almost 2m and about 100 kilos) and my family of four. Let's say you spend 100£ a week on groceries. For budgeting, that's 433£ a month. (52 weeks / 12 months == 4.333 weeks/month) But let's call it 500£. That leaves 1,675.  From here, you'll have to figure out the details of where your own money is going--that's why I said you should really start tracking your expenses somehow... even just for a short time. But for the purposes of completing the answers to your questions, the next step is to look at saving before you try spending anything else. A nice target is to aim for 10% of your after-tax pay going into a savings account... this is apart from any other investments. Let's say you do that, you'll be putting away 363£ per month. That leaves 1,300£.  As far as other expenses... you need some money for transport. You haven't mentioned car(s) but let's say you're spending another 500£ there. That would be about enough to cover one with the petrol you need to get around town. That leaves 800£ As far as a clothing budget and entertainment, I usually match my grocery budget with what I call ""mad money"". That's basically money that goes towards other stuff that I would love to categorize, but that my wife gets annoyed with my efforts to drill into on a regular basis. That's another 500£, which leaves 300£.  You mentioned debts... assuming that's a credit card at around 20% interest, you probably pay 133£ a month just in interest... (20% = 0.20 / 12 = 0.01667 x 8,000 = 133) plus some nominal payment towards principal. So let's call it 175£. That leaves you with 125£ of wiggle room, assuming I have even caught all of your expenses. And depending on how they're timed, you are probably feeling a serious squeeze in between paychecks. I recognize that you're asking specific questions, but I think that just based on the questions you need a bit more careful backing into the budget. And you REALLY need to track what you're spending for the time being, until you can say... right, we usually spend about this much on X... how can we cut it out?  From there the basics of getting your financial house in order are splattered across the interwebs. Make a budget... stick to it... pay down debts... save. Develop goals and mini incentives/rewards as a way to make sure your change your psyche about following a budget."


Try to avoid actually pulling money out of your retirement savings. Not only are you paying that stiff penalty today, but you're actually stealing form your future. Many 457 plans allow you to borrow against the balance, usually up to 50% of the plan balance. I'd roll the 401k into the 457 and borrow against it if you really need the money. Borrow a little extra to help you make the first few payments if you need to.


"I'd refer you to Is it true that 90% of investors lose their money? The answer there is ""no, not true,"" and much of the discussion applies to this question.  The stock market rises over time. Even after adjusting for inflation, a positive return. Those who try to beat the market, choosing individual stocks, on average, lag the market quite a bit. Even in a year of great returns, as is this year ('13 is up nearly 25% as measured by the S&P) there are stocks that are up, and stocks that are down. Simply look at a dozen stock funds and see the variety of returns. I don't even look anymore, because I'm sure that of 12, 2 or three will be ahead, 3-4 well behind, and the rest clustered near 25.  Still, if you wish to embark on individual stock purchases, I recommend starting when you can invest in 20 different stocks, spread over different industries, and be willing to commit time to follow them, so each year you might be selling 3-5 and replacing with stocks you prefer. It's the ETF I recommend for most, along with a buy and hold strategy, buying in over time will show decent returns over the long run, and the ETF strategy will keep costs low."


My question is: absent the corporate shield, to what extent are partners liable for a serious disaster or accident such as the BP Gulf incident. IN other words, if an oil pipeline had a major spill or explosion in which there were serious liabilities, to what extent would this effect the owners of a listed partnership beyond the effects of corporate liability on a common stock holding?


">This rule is the definition of consumer friendly in that it allows the individuals to consolidate their power in order to take on a large corporation that can afford to hire lawyers indefinitely.  Exactly, and yet in the article, Hensarling just throws out ""“This anti-consumer rule should be thoroughly rejected by Congress under the Congressional Review Act.""   Sorry douchebag, you're gonna have to explain how it's anti-consumer. Except you're too busy trying to get your other financial act passed."


"Yeah, you could literally just set up a fixed amount of states, set up a simple AR model based on normal components, find the optimal parameters for the state spaces and the AR model and you're done. Or you could set up a VAR model with student's t components instead which makes it more complicated by a couple of magnitudes. With student's t components the regression is structurally complicated so I've found I need to apply copluas (or is it copulae? or copuli? I have no damn idea lmao) instead to be able to sample properly. I might not be very bright but I wouldn't say that's basic math. Also the regression for state spaces is a bit more complicated as well.  It'd be like me saying that valuating exotic derivatives is ""literally just solving PDE's with simple numerical methods."" It's a *little* bit more work to it."


I work in finance and this is something we have never seen before. They lost their insider commitments about a day before the deal was supposed to price but CS pushed it through anyways. Definitely going to be some lawsuits on this one.


No private entity is required to maintain an even stance or approach.    I mean, are you advocating that the federal government enter into private businesses and mandate what views, values and speech they are and are not allowed to share?  The government already does this in some aspects, but you appear to be advocating a large expansion in this power.


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Unless your bosses are total assholes and want their employees to miss a once-in-a-century event, they'll probably let everybody take a break to go out and look. I imagine your colleagues will bring their glasses. I read many companies will be closed tomorrow, for the eclipse.  If you're interested, here's a good tutorial video on how to make your own eclipse viewer, with a cereal box: https://www.youtube.com/watch?v=n9L24AHM3is


"Oh please, don't be one of those hipsters pining for the good old days. Great games get released all the time, even in this ""modern era.""   It's just that at this point in the year there are no high-quality popular games being released, and we are also caught in a transition point between consoles. Developers are getting used to new game engines (or building their own) which takes time. The first year of a console's lifespan is usually just a few half-decent launch games and a bunch of ports from the previous gen; nothing that really takes advantage of the capabilities of more modern hardware.   And as mentioned below, this doesn't take into account digital distribution, which is becoming more popular every year."


"A ""leveraged/trade program""?  What exactly is that?  So let me get this straight.  You put just 10% of the total amount of what you're trading into an account with Citi (Citi's going to give you 10-1 leverage on your money...why?), and then in 90 days they'll give you your money back and a loan for ten times the amount? Either the heat has gotten to me or this is the craziest thing I've read today. You didn't specify what it is you'd be ""trading"", and if your ""acquaintance"" didn't share that with you either then it sounds beyond suspect -- it sounds like total fraud.  I couldn't imagine a scenario whereby Citi would be involved in a scheme like this, whatever ""it"" is.   I suspect that your ""friend"" has you opening an account at Citi because it makes the whole scam sound more legitimate by tying to a big bank name.  It might be worth your time to actually call Citi (I looked up their number for you.  It's 1-800-685-0935) and ask them about this particular idea.  When they get done snickering, they'll tell you the same thing everyone else is -- RUN from this. You're very right to suspect that you can't leverage money without encumbering it.  What would be the point for someone to essentially give you credit on a 10-to-1 basis and then not encumber the collateral? If you don't know anything about trading and how leverage works then it would be highly inadvisable for you to jump into something that you don't understand.  Your ""acquaintance"" may have been sucked into investing their own money, and now they think they're doing you a ""favor"" by telling you about this ""incredible opportunity"".  It's how most scams work.  They get the suckers to sign up friends and relatives, because they're playing on the trust between those people. Stick to what you know or what someone can give you a clear and reasonable explanation of.  And have someone you really know and trust (preferably a friend or family member who is reasonably successful in managing their own finances) to act as a sounding board when things like this come along to help keep you from doing something stupid that you'll really regret. Hope this helps. Good luck!"


You need to think harder. It's a front office job.  Just like you don't wear hockey skates to play football, you don't wear stupid looking shoes to work in finance.  The whole job is front office work. If that doesn't tell you what you need to know then you should probably look into other careers.


If someone already payed for it once, they should consider making it available to others. There is alot of things that costs money but is available for free on the internet today. I find it hard that alot of people with access would not share that kind of info, just to screw with the big guys.


The bank I work with would be more inclined to expand an existing HELOC rather than write a new one. I think that would be your best bet if you decide to continue borrowing against your home. Consider that your own income would have to support the repayment of these larger homes. If it is, why didn't you buy a larger home to begin with? As far as increasing the appraisal, you don't usually get one dollar of increased appraisal for each dollar you spend on improvements unless you have a rundown house in a nice neighborhood; part of the appraisal comes from a comparison with the appraisals of the other homes nearby. Eventually you get close enough to par with the other houses that anyone looking for something more expensive will often choose a different neighborhood entirely. Update: To your edit that mentions the original lender will cap the amount you can borrow, you can take additional secondary mortgages/HELOCs, but the interest rate is usually higher because it is not the first mortgage. I don't generally recommend it, but the option is there.


As others have pointed out, they do in fact exist.  But it may be worth pointing out a possible reason that they are not as popular as commodities futures. If I want exposure to the oil market (for example,) buying oil futures has a big advantage over buying oil. Namely, I don't actually need to store the oil; I can roll over my position rather than taking delivery. On the other hand, buying single stock futures does not have such a compelling advantage over buying the stock itself, so most people would simply do the latter.  (Although stock futures might provide some other advantages in some very specialized situations.)


I think the government has been pretty cautious about this.  The housing bubble only started taking off when we dropped our prime interest rates to match the US.  Since then the finance minister has personally called up banks when he felt like they were dropping rates too low and I think there's been some fairly strict rules about down payments.  I had to put a 35% downpayment for my bungalow in the city since I was on contract.  Most of my friends put in around 25%.  Everyone in Canada think the housing market is inflated and everyone is trying to calm it down.


As you're working, you and your spouse were probably born after 1935, so I'll assume that Marriage Allowance is relevant to you rather than Married Couple's Allowance. The allowance applies if your husband or wife earns less than the personal allowance in salary (£10,600/year), and less than £5,000/year in savings interest. For example it's likely this will apply if he or she's not working. Also, you need to be only a basic rate taxpayer, earning less than £42,385/year. In that case they can register online to transfer £1,060 of their personal allowance to you, which will reduce your tax bill by £212/year if you yourself earn more than £1,060 above the personal allowance. This will usually work by HMRC issuing a new tax code to your employer who will then automatically withhold less of your salary. You can't get your employer to do this directly, you have to go via HMRC. The allowance change will be effective as if from the start of the curren tax year in April 2015, so you will probably end up getting the proportion of the £212 that you could have had up till now (from April to August) back all at once in your next pay cheque, or possibly spread out over the rest of the tax year. Apart from that you'll get it spread out evenly over the year - i.e. about £17/month.


"Sort off, the redistribution didn't go entirely to the poor, a lot of it went to Mugabe's supports/cronies. you also can't just unilaterally take things from people with no compensation, because if you do people lose all faith in the government's ability to protect one's property and then they will be less likely to invest in creating or improving ""property"""


You mean the moron prior to the last president? Zero interest-rate policy was enacted by Bush, Bernanke and Paulson.  The Fed acted late by most accounts, Bernanke was pushing for swift action when Lehman Brothers filed for bankruptcy in September of 2008,  while most of the Fed did not see the need till the end of 08.


That value differs between a starving man and a man who never fears lack of food.  Let's take, instead, the value of your mother's affection.  Were you to have to pay for that affection, for her hugs, they would lose value.  Offering a price makes her affection worth LESS.  Therefore value is not tied to currency, nor is value indelibly tied to Capitalism.  Trading capital for your mother's affection negates the value of the affection.


The reason California is suffering for housing is that they refuse to build up and tear down older suburbs. They want to keep the smaller city vibe and don't care about the long term effects or costs. If sf had the density of nyc which itself is far less dense than most major european or asian cities, then housing wouldnt be an issue.   Think about it this way, housing in sf and metro area is more expensive than tokyo, even tokyo houses way more people. Combine the area of LA metro plus nycmetro and you about the size of tokyo metro, but it houses 10x as many people.   Its density, clinging to the past and poor planning problem, not an industry is evil problem.


Duffbeer703 covers most everything. The entire point of an emergency fund IS for it to be liquid.  Now I do understand (if you feel your situation requires over 6 months of living expenses): That is a lot of money to have sitting in a statement savings account! Under no circumstances should you take any sort of risk with an emergency fund. However, you COULD do this: Invest some of the assets in a six month, 1 year or 2 year CD if returns were enough to be worthwhile.  If you don't need the money, then fine, great. But if you do, you can break a Certificate of Deposit before maturity. There will be a penalty fee. You might lose interest too. But you'll have access to your money, no liquidity risk. So maybe you could put most, say 60% of your rainy day funds in truly liquid assets. The remainder could be in longer term CD's which you hopefully won't need because you'll be back to non rainy day living again.


I know, right? What a joke. If they were a real car company, they would never acknowledge a problem and put in a repair and warrantee program that benefits the customer. When will Tesla learn to cover-up problems, and then do calculations to see if the legal costs they will pay due to the problem are more than the cost of fixing the problem? What a joke of a company.


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It looks like GOOG did not have a pre-market trade until 7:14 am ET, so Google Finance was still reporting the last trade it had, which was in the after-hours session yesterday. FB, on the other hand, was trading like crazy after-hours yesterday and pre-market today as it had an earnings report yesterday.


"This is my opinion as a car nut. It depends on what you want out of a car. For your situation (paying cash, want to keep the car long-term but also save money) I recommend seriously considering a slightly used vehicle, maybe 2 or 3 years old, or a ""certified pre-owned vehicle"". Reasons: Much less expensive than a brand new car because the first two years have the biggest depreciation hit. Cars come with a 4-year warranty, so a 3 year old car will still be in warranty. Yes, a certified pre-owned car will have a bit of a premium compared to a private-party used car, but the peace of mind of knowing it's in good shape is worth the extra cost considering you want to keep it long term. Consumer Reports will have good advice on the best values in used cars."


>Is your argument that the US Government is here illegally?   >answering my question with a question  it's a simple yes or no. The drug dealer in your example is the rightful owner of the property, hence why that other person living there and eating their food is making a voluntary choice to live there. You used this to compare to a person living in the US. Implying that the Federal Government is the rightful owner of the entire 'property' of the united states. Is this what you are saying? yes or no?  Also, who came first, the people, or the US Federal Government?  >Okay, so lets add that the drug dealer / gang banger is living in that house because he murdered the prior owner... does that make your living in the house more or less implicit approval of the drug dealers decisions and lifestyle?


Unlike the stock market which offers growth long term, the derivatives market is a zero sum game.  This phrase is how one describes a poker game. 7 people walk in, and walk out with the same total amount of money (note, the 7th guy is the 'house', and with nothing at risk, he gets his cut). No money is created, the total value doesn't change.  When I buy or sell an option, there is someone on the other side of that trade with a gain or loss equal and opposite to my position. At option expiration, or a repurchase that closes an open contract, the whole series of trades resulted in no net gain of wealth.  The huge losses were spread among the banks, the investors, the insurance companies, and the government. By government, I mean the taxpayer. You paid your share, my friend, as did I. Welcome to Money.SE. Get to 150 rep, and vote in the election.


Yeah recent attacks can be a cause for concern, especially where devices such as ATM's are involved.  I've seen XP running in various supermarkets for the 'self service checkouts' too.  I still occasionally maintain some small isolated POS systems that use XP because the drivers simply don't exist on Windows 10, and I don't have the time to debug and fix the drivers either.


"The response to this question will be different depending which of the investment philosophies you are using.  Value investors look at the situation the company is in and try to determine what the company is worth and what it will be worth in the future. Then they look at the current stock price and decide whether or not the stock is priced at a good deal or not. If the stock price is priced lower than they believe the company is worth, they would want to buy stock, and if the price rises above what they believe to be the true value, they would sell. These types of investors are not looking at the history or trend of what the price has done in the past, only what the current price is and where they believe the price should be in the future.  Technical analysis investors do something different. It is their belief that as stock prices go up and down, they generally follow patterns. By looking at a chart of what a stock price has been in the past, they try to predict where it is headed, and buy or sell based on that prediction.  In general, value investors are longer-term investors, and technical analysis investors are short-term investors.  The advice you are considering makes a lot of sense if you are using technical analysis. If you have a stock that is trending down, your strategy probably tells you to sell; buying more in the hopes of turning things around would be seen as a mistake. It is like the gambler in Vegas who keeps playing a game he is losing, hoping that his luck changes.  However, for the value investor, the historical price of a stock, and even the amount you currently have gained or lost in the stock, are essentially ignored. All that matters is whether or not the stock price is above or below the true value determined by the investor. For him, if the stock price falls and he believes the company still has a high value, it could be a signal to buy more. The above advice doesn't really apply for them.  Many investors don't follow either of these strategies. They believe that it is too difficult and risky to try to predict the future price of an individual stock. Instead, they invest in many companies all at once using index mutual funds, believing that the stock market as a whole always heads up over a long time frame. Those investors don't care at all if the prices of stock are going up or down. They simply keep investing each month, and hold until they have another use for the money. The above advice isn't useful for them at all.  No matter which kind of investing you are doing, the most important thing is to pick a strategy you believe in and follow the plan without emotion. Emotions can cause investors to make mistakes and start buying when their strategy tells them to sell.  Instead of trying to follow fortune cookie advice like ""Don't throw good money after bad,"" choose an investment strategy, make a plan, test it, and follow it, cautiously (after all, it may be a bad plan). For what it is worth, I am the third type of investor listed above. I don't buy individual stocks, and I don't look at the stock prices when investing more each month. Your description of your own strategy as ""buy and hold"" suggests you might prefer the same approach."


I've only worked for one firm but thankfully our CIO is technically inclined and has a technology background.  Agree on the project management aspect. I'm the tech lead on projects and the PM essentially just acts as an escalation point and needs to ask me for updates/decisions that need to be made. All they really do is watch the budget and schedule and change it as I direct them to.


"Ah, okay, so you're saying I should just accept that it's 100% juice and not question labels again?  Or are you saying that ""100% juice"" might not be as cut-and-dry as people might think and really means ""100% mixture that can legally be called juice but not really 100% juiced fruit""?"


Most of what you say is generally rational...but    >Chiefly because the majority of people in those other sciences (even >the hard sciences) are rather dumb   and you are somehow smarter than all of them to see past the veil of naive stupidity?


Is this really venting about giving up capital to a group helping you raise it? You don't even have to give up equity for the capital or worry about VCs pulling out.  Of course something like that would be oversaturated and financially motivated to exploit the over-saturation.


"The fee structures are different for PIN-based transactions versus ""credit"" style transactions. Usually there is a fixed fee (around $0.50) for PIN-based transactions and a varying fixed fee plus a percentage for credit transactions (something like $0.35 + 2.5%). There are also value limits for PIN-based transactions... I believe that you cannot exceed $400 in most places. The signature feature of credit transactions isn't there to protect you, it signifies your agreement to comply with the contract you and the credit card issuer, protecting the merchant from some types of chargeback. Some merchants waive the signature for low dollar value transactions to increase convenience and speed up the lines. All of your other questions are answered elsewhere on this site."


Actually it seems you are not quite correct about the number of different banks in Canada. https://en.wikipedia.org/wiki/List_of_banks_and_credit_unions_in_Canada According to this link there are 82-86 banks in Canada plus credit unions. This may still be lower than what would correspond to the number of banks in the US, scaled for canadian population. One further reason not mentioned before could be that the population density in Canada outside of the metropolitan areas could be lower than in the US, leaving to few small towns large enough (10,000+ (a guess corrected due to comment)) to support a bank.


I think you just hit the nail on the head as to why I enjoy it so much.   I find I have a much lower attention span to music played digitally, the fact I have the power to skip songs, queue other artists. Even though I tend to be pickier with my Vinyl purchases I still struggle to listen to the same albums through Spotify.


"Yeah, okay buddy. You want ""data"" now that you've been spewing nonsense. Where's your ""data"" that anyone but Muslims and Hispanics feel unwelcome. China is a country that jails people for religion and is notorious for having a government that preemptively cracks down on citizens. They're quite used to authoritarian rule. Chinese are probably more afraid of Muslims than Americans are and thrilled with a travel ban, as long as it doesn't affect them."


"Good. While they're at it they should look at the rules around what qualifies as ""breakfast"" included.  I'm sick and tired of booking a hotel based on that criteria alone and finding out it's a few bananas and oranges.  That's NOT a breakfast."


"I read an account of why the U.K. didn't end up with the euro as its currency in David M. Smick's great book The World Is Curved: Hidden Dangers to the Global Economy. Chapter 6 of the book is titled ""Nothing Stays the Same: The 1992 Sterling Crisis.""  Here's a very brief excerpt; emphasis mine: [...] As this story shows, such   blindness to the realities of a   changing world can be very dangerous.   In this case, the result was the   brutal collapse of the British pound,   which explains why the British people still use their own currency, the   pound or sterling, and not the euro.   The events that unfolded in the autumn   of 1992 were totally unforeseen, yet   they reshaped the European monetary   world and represent a phenomenon that   continues to impact global economies. [...] Smick's account of the events around 1992 runs about 28 pages.  Here's my version, in a nutshell: At the time, Britain was part of the European Exchange Rate Mechanism, or ERM. The belief in Europe was that by uniting currencies under a common mechanism, Europe could gain influence in international financial policy largely dominated by the United States.  The ERM was a precursor to monetary union.  The Maastricht Treaty would eventually create the European Union and the euro. Britain joined the ERM later than other nations, in 1990, and after some controversy. Being part of the ERM required member nations to agree to expand and contract their currencies only within certain agreed upon limits called currency bands. Due to the way this had been structured, Germany's strong position placed it at the top of the system. At some point in 1992, Germany had raised interest rates to curb future inflation.  However, Britain wanted Germany to cut rates – Britain was not in as enviable a position, economically speaking, and its currency was under pressure.  The currency band system would put Britain in a tighter spot with Germany raising rates. Enter George Soros, the Hungarian billionaire, a.k.a. ""the man who broke the Bank of England.""  Soros took a huge short position against the Sterling. He believed the Sterling was overvalued relative to the German deutsche mark, and Britain would be forced to devalue its currency and realign with respect to the ERM.  Other traders followed and also sold the Sterling short. With much pressure on the currency, the Bank of England had to buy up Sterling in order to maintain its agreement under the ERM.  Of course, they needed to borrow other currencies to do this.  Soon the BoE was in over its head defending the Sterling, realizing the exchange rate it needed to maintain under the ERM simply wasn't sustainable. Britain was forced to withdraw from the ERM on Black Wednesday, September 16th, 1992. And so, Britain does not use the euro today – and any talk of doing so is politically controversial.  Therefore I wouldn't bet on Britain adopting the euro any time soon – too many of the players are still in politics and remember 1992 well.  I think if Britain adopting the euro is ever to happen, it will be when the memory of 1992 has faded away. BTW, George Soros made off with more than US$1 billion.  Soros is a very smart guy."


Would you also suggest some stock with interesting returns and risks? Because i tried with FB, GS, JNJ, MCD, F and the have low returns in the last 5 years, so when you compare them to commodities you don't see so much difference in stdev and returns.


"This is the best tl;dr I could make, [original](https://www.forbes.com/sites/pascalemmanuelgobry/2013/03/18/finally-economists-acknowledge-that-theyre-biased/) reduced by 94%. (I'm a bot) ***** > In debates around topics like free trade, critics argue that economists&#039; social perspective tars their recommendation, and economists vigorously deny the existence of an &quot;Economics ideology&quot;.  > In my view, the fact that so many economists praise Cowen&#039;s finding which undermines economics&#039; claim to scientific knowledge highlights that many of these economists think their value system is, well, right.  > Most economists think economic growth is pretty important, and spend lots of time thinking about how to increase economic growth and making proposals for increasing economic growth.   ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6qaf8t/finally_economists_acknowledge_that_theyre_biased/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~178425 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **economist**^#1 **growth**^#2 **economic**^#3 **wage**^#4 **college**^#5"