> if higher skill jobs like IT are being outsourced for the sake of saving money, you can bet your ass that the lowly unskilled labor positions will be the first to go. Guys this ain't new, and its not news. Outsourcing has been going on for decades, and tons if not all of the unskilled blue collar jobs are gone. Yet we still have 5% unemployment and a drastic shortage of skilled programers, mathematicians, scientists, physicists etc. Globalization isnt a bad thing.


This is called currency speculation, and it's one of the more risky forms of investing. Unless you have a crystal ball that tells you the Euro will move up (or down) relative to the Dollar, it's purely speculation, even if it seems like it's on an upswing. You have to remember that the people who are speculating (professionally) on currency are the reason that the amount changed, and it's because something caused them to believe the correct value is the current one - not another value in one direction or the other. This is not to say people don't make money on currency speculation; but unless you're a professional investor, who has a very good understanding of why currencies move one way or the other, or know someone who is (and gives free advice!), it's not a particularly good idea to engage in it - while stock trading is typically win-win, currency speculation is always zero-sum. That said, you could hedge your funds at this point (or any other) by keeping some money in both accounts - that is often safer than having all in one or the other, as you will tend to break even when one falls against the other, and not suffer significant losses if one or the other has a major downturn.


17.5 thousand miles/year is pretty high mileage. You could find an Accord or Civic of comparable age with much lower mileage than that, and it wouldn't be a stretch for someone (even with your limited credit history) to get a loan on an old car like that. You might try to have your parents cosign on a loan depending on their financial circumstances. That's how I bought my first car 13 years ago. The biggest surprise you might want to consider is the cost of full collision auto coverage which will be required by whatever bank you finance through. Get quotes for that before signing any papers. (I spent $2000 more on a motorcycle because the more powerful one cost $2000 less/year to insure just a few years after I bought that first car.) Speaking of which, another thing to consider given the nice LA weather is a motorcycle. The total cost of ownership is much lower than a car. You will probably not want to pursue that option if you do not have medical insurance, and you may not want to anyway.


Again, you are asking people to trust you with their life savings so you can take your 1% and the best you can do is google? You don't have a lawyer or anything? Plenty of advisory shops allow you to set up your own business within their infrastructure.


If you have a single-member LLC that is treated as a disregarded entity (i.e. you didn't elect to be taxed as a corporation), and that LLC had no activity, you're off the hook for federal reporting. The LLC's activity would normally be reported on your personal tax return on a Schedule C. If the LLC had under $400 in taxable earnings, no Schedule C is needed. So an inactive LLC does not have a tax reporting requirement. (If you had taxable income but under $400, you include that amount on your 1040 but don't need a Schedule C.) In Texas, you still must file a Texas franchise tax report every year, even for a single-member LLC with no activity.


Royal White Marmo stone PVT .LTD. initiated in 2005, at Rajsamand. This is manufacturing, exporting and supplying company in India. We offered polished texture, pure finishing, and stable, natural white and best durability marble stones. We have advanced technologies in our company. Our company has white marble mines that are completing client’s requirements also. http://royalwhitemarmostone.in/index.php#Indian-Marble-Price


The pharma company gets paid for the use of a drug, regardless of what they are used for. FDA rules prohibit pharma companies from promoting (in any fashion) the use of their products for non-labelled uses. This includes situation where there is some scientific and clinical evidence for the products use, but they do not have formal approval yet. In these situations, doctors are allowed to use their judgement on what would work for their patient. If the doctor chooses to use a particular product for treatment, then they can. However, payers (i.e. insurance companies) can choose whether or not to reimburse a drug for off-label use. If they don't, then the patient would need to pay out of pocket.


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irresponsible jerk? go fuck yourself. I did nothing illegal, unethical, immoral, or irresponsible. I racked up a large amount of debt (as the banks intended) and when I got into a position I couldn't pay any longer I tried to negotiate. I spent hours on the phone, days all in all. the banks response (six different banks) we don't give a fuck. so I took that attitude and ran with it. it's only business. in addition I profited by a few thousand dollars suing a collection agency/lawyer group that got a judgement against me using forged documents. JUdgment was removed, my lawyer got 7 grand, I got three, and the debt was erased. win, win, win, and did I say fuck you? fuck you.


"When they entered Bankruptcy they changed their stock symbol from AAMR to AAMRQ. The Q tells investors that the company i in Bankruptcy. This i what the SEC says about the Q: ""Q"" Added To Stock Ticker Symbol When a company is involved in bankruptcy proceedings, the letter ""Q"" is added to the end of the company's stock ticker symbol. In most cases, when a company emerges from bankruptcy, the reorganization plan will cancel the existing equity stock and the old shares will be worthless. Given that risk, before purchasing stock in a bankrupt company, investors should read the company's proposed plan of reorganization. For more information about the impact of bankruptcy proceedings on securities, please read our online publication, Corporate Bankruptcy. The risks are they never recover, or that the old shares have nothing to do with new company. Many investors don't understand this. Recently some uninformed investors(?) tried to get a jump on the Twitter IPO by purchasing share of what they thought was Twitter but was instead the bankrupt company Tweeter Home Entertainment. Shares of Tweeter Home Entertainment, a Boston-based consumer electronics chain that filed for bankruptcy in 2007, soared Friday in a case of mistaken identity on Wall Street. Apparently, some investors confused Tweeter, which trades under the symbol TWTRQ, with Twitter and piled into the penny stock. Tweeter, which trades over the counter, opened at 2 cents a share and jumped as much as 15 cents — or 1,800 percent — before regulators halted trading. Almost 15 million shares had changed hands at that point, while the average daily volume is closer to 150,000. Sometimes it does happen that the new company does give some value to the old investors, but more often then not the old investors are completely wiped out."


Most of us know that accounting is an important business activity. But, how many of you know that it is more crucial to maintain personal finance accounts? Yes, it is rather essential to plan for a successful future. How could this be referred so?


">he's confusing money with credit. Money is accumulated work, not debt. It's not accumulated **work**, because work has no intrinsic value. Money is a placeholder for **product**. Money is a token used to distribute fractional shares of product, just like an IOU, before the product is completed and tradable. In the case of our currency now, the risk of specific IOU-based money becoming worthless is avoided by making it a true fiat currency. It is still, however, effectively a placeholder for **debt**. The debt is simply collective, distributed, and easily divided into arbitrary amounts to pay for goods and services. If I have worked for my employer for a week building widgets and he has given me $100, the he has a bunch of widgets and I have a piece of paper with ""$100"" printed on it. That piece of paper has little intrinsic value. It is a placeholder for a partial share of the debt owed the company for giving people widgets, which they accumulated by creating fudgits where they work, and it continues backwards all the way to the Federal Reserve which says to the banks ""I will give you $10billion if you promise to repay it later with interest"". You know what prime rate lending is, right? **There's the debt upon which the whole system is built**."


This is how its done I am a certain french bank, aka sg I have some PIIGS debt, I can use this as collateral at face value (100), with the ECB in order to secure cash... Lets say I use 1mn of BTPS (italian debt), this has an MTM (clean) of 88. I use that 88 to get me 100 (1mn) of cash, from which I buy another BTPS, for (88), of which I use as collateral pledged to the ECB to get this, get another BTPS. So now I am long 3 BTPS, all pledged to the ECB and I have 36 in cash and I owe the ECB 300+r in 3 years. remember the yield on my shitty btps is a lot higher than the interest on the deposits. Secondly, I have three years, so I don't need to give a fuck about the mark to market on the notes (I could even buy a 2 year and n month note maturing just before). So I can make some free yield at the ECB's expense. Also this frees up 36 in cash, of which I can use to meet short term funding instead of tapping the bond market, this trade can be made infinitely, although the ECB might catch on. You can view it as getting a mortgage on your house to buy another house, then mortgaging house #2 to buy house #3, and so on.


One very impressive reason behind people opting for this version even in stacking doors is that it is highly energy-efficient. According to the experts, one of the primary ways in which a home experiences heat loss is through windows and homes because of the thermal effects that a home with double glazed windows and doors stays cooler in summers and warmer in winters.


The article states these are not good jobs. My area everywhere is hiring like crazy. But it's all minimum wage fast food, retail, and commission based jobs who only guarantee minimum wage. Nobody is complaining about jobs, they're complaining about the lack of quality jobs that can sustain a family.


</sarcasm>? If not, you really have no idea what life is like for the majority of the US. The insurance, she probably doesn't have. The savings, is probably not enough to retire and her kids are probably ~25-50% unemployed depending on age and education.


Well, they tried but banks pretty much refused to lend and/or people refused to borrow. At least not enough to ignite inflation. And now with a tightening cycle underway it's going to take a recession to get the fed to change course.


A possibility could be real estate brokerage firms such as Realogy or Prudential. Although a brokerage commission is linked to the sale prices it is more directly impacted by sales volume. If volume is maintained or goes up a real estate brokerage firm can actually profit rather handsomely in an up market or a down market. If sales volume does go up another option would be other service markets for real estate such as real estate information and marketing websites and sources i.e. http://www.trulia.com. Furthermore one can go and make a broad generalization such as since real estate no longer requires the same quantity of construction material other industries sensitive to the price of those commodities should technically have a lower cost of doing business. But be careful in the US much of the wealth an average american has is in their home. In this case this means that the economy as a whole takes a dive due to consumer uncertainty. In which case safe havens could benefit, may be things like Proctor & Gamble, gold, or treasuries. Side Note: You can always short builders or someone who loses if the housing market declines, this will make your investment higher as a result of the security going lower.


"They don't have to take cash if they reasonably told you in advance they don't take cash, because they made fair effort to prevent you from incurring a debt. They don't have to take cash if the transaction hasn't yet happened (not a debt) or if it can be easily undone at no cost to either party - such as a newspaper subscription they can just stop delivering. Both of these reasons are limited by the rules against discrimination, see below. They don't have to take cash if it's impracticable. For instance a transit bus when fares first went to $1.00, it took years to fund new fareboxes able to take paper money. You don't have to take a mortgage payment in pennies. Liquor stores don't have to take $100 bills. (it requires them to keep too much change in the till, which makes them a robbery target). Trouble arises when it appears there's an ulterior motive for the rule. Suppose a Landlord Jim requires rent to be paid with EFT. Rent-controlled Marcie tells the judge ""It's a scheme to oust me, he knows I'm unbanked"". Jim counters ""No. I got mugged last month because criminals know when I collect cash rents."" It will turn on whether Jim can show good-faith effort to work with his unbanked tenants to find other ways to pay. If Jim does a particularly bad job of this, he could find himself paying Marcie's legal bills! Even worse if the ulterior motive is discrimination. Chet the plumber hates Muslims. Alice the feed supplier hates the Amish. So they decide to take credit cards only, knowing those people's religions don't allow them. Their goose is cooked once they can't show any other reasonable reason to refuse cash."


It has got to do with market perceptions and expectation and the perceived future prospects of the company. Usually the expectation of a company's results are already priced into the share price, so if the results deviate from these expectations, the share price can move up or down respectfully. For example, many times a company's share price may be beaten down for increasing profits by 20% above the previous year when the expectation was that it would increase profits by 30%. Other times a company's share price may rise sharply for making a 20% loss when the expectation was that it would make a 30% loss. Then there is also a company's prospects for future growth and performance. A company may be heading into trouble, so even though they made a $100M profit this year, the outlook for the company may be bleak. This could cause the share price to drop accordingly. Conversely, a company may have made a loss of $100M but its is turning a corner after reducing costs and restructuring. This can be seen as a positive for the future causing the share price to rise. Also, a company making $100M in profits would not put that all into the bank. It may pay dividends with some, it may put some more towards growing the business, and it might keep some cash available in case cash-flows fluctuate during the year.


If you spoke in front of a group of people in 2001 about the possibility of be lowered, you would be written off as a kook. Now S&P is talking about a negative credit outlook -- scary stuff. It's scary because a base assumption in any risk model is that US Treasury debt is utterly reliable and comes with zero default risk. So publicly banding about the notion that US Treasury debt may be less the AAA in two years is a shock to the system and changes the way many people assess risk. It's also scary because Treasury debt is auctioned... will a spooked market still accept a measely 2.9% return for a 7 year T-Bill? But while the prospect of a credit downgrade is truly a bad thing, you also need to take the S&P statements with a grain of salt -- since being a named a villain during the mortgage implosion (these were the guys who declared junk mortgage securities as AAA), they now err on the side of doom and gloom. So while things are bad, they've been bad since the Bush administration was forced to put Fannie Mae & Freddie Mac on the government balance sheet to stave off a bank panic. The scary stuff about default in July due to the debt ceiling debate is not very credible at all. Unless the Republican House plans on dramatically slashing spending on Medicare, Defense or Social Security and have the votes to stick to that strategy, the debt ceiling will be raised after much ado. Politicians talk tough, but have a proven track record of creating financial problems tomorrow to fix electoral problems today.


I just cancelled Fresh because of the monthly fee and the fact that they were always out of things we wanted to order. We switched to a local grocery chain that offers delivery and online order pickup. They have more delivery times available, better stock and no monthly fee. I'll definitely check out Fresh again once they get some good integration with the WFM stores.


The best way to stop wasting food is to create a weekly plan. Every weekend, before making your grocery shopping, take 30-60 mins and plan (with your spouse if your married) for the next week's meals. It doesn't need to be too detailed, but it'll help you to approximate what you need in terms of food for the whole week and buy accordingly. I have a similar problem where I need to go out often and also work a lot. But spending some time on the weekend to create a plan helps me minimize my wastage a lot. My inspiration to do this has been from the below 2 articles from Trent in SimpleDollar http://www.thesimpledollar.com/2008/10/16/how-to-plan-ahead-for-next-weeks-meals-and-save-significant-money-a-step-by-step-guide/ http://www.thesimpledollar.com/2007/09/15/the-one-hour-project-plan-your-meals-for-one-week-in-advance/


China's GDP and foreign investment are an increasing portion of real growth, including massive infrastructure investments, from Africa to Asia to Latin America. That is what makes their financial system and currency strong. The US is still stuck with financial bubbles. We would be better cooperating with China on their Belt and Road plans, joining the AIIB, and giving up the Neocon dreams of world hegemon. THEN, the dollar might be restored to some greater real value.


The other answers are good, but not UK-specific. You need to look for an Independent Financial Advisor (IFA). These are regulated by the FCA and you pay them a time-based fee for their services, they do not take commission on the products they recommend to you. The Government Money Advice Service page (hat tip to @AndyT in the comments on the question for the link) tells you how to go about finding one of these and what sort of questions to ask. Contrary to the note in the answer by @Harper, in the UK many IFAs do have perfectly nice offices, this is not a sign that should put you off. Personal recommendations for IFAs are usually the best way to go but failing that there are directories of them and many will have an initial conversation with you for free to ensure you are aligned with each other.


Not clear what you're asking. Are you trying to figure out their SIC/NAISC classification? That tells you the business category they fall into, but there's no simple, instant way to find that out. Much also depends on how the credit card issuer has classified them and how they arrived at that information. They may have a different means of classifying merchants, so you might try to call your bank and ask them, if they're able/willing to tell you. That'll give you a starting point to figure it out, anyway.


True, but the number of investors who are successful with this strategy is negligible. You are basically just trading return for volatility. A well built portfolio will be better than trying to time the market, at least historically.


Just to be clear, you didn't find a flaw in the logic but you did disagree with the premise by providing a counterexample. But I'm not sure your example is valid; Buffett is smart enough to know that his name is as important as his money. While he mouths support for increased taxes, he goes to extraordinary lengths to avoid actually paying them. I suppose taxes aren't as cheap as talk, huh. > If John selling Jim ten thousand cows introduces systemic risk to the economy, then yes, the rest of the market players should be compensated. Pray tell, what angel do you trust to make the decision of whether and to what extent systemic risk is introduced?


When it comes to gold coins, the purity counts more than any other attribute. For this reason, if you plan to invest in gold bullion or would like to buy gold just for its sake, you need to make sure you know what to look for. You can look for online tips on how to determine the purity level of gold coins.


"Another consideration is that you are going to wind up with money in the ""regular"" 401(k) no matter which one you contribute to. The employer match can't go into the Roth 401(k). So all employer matching funds go in with pre-tax dollars and will be deposited in a normal 401(k) account. Edit from JoeTaxpayer - 2013 brought with it the Roth 401(k) conversion the ability to convert from the traditional pretax side of your 401(k) account to the Roth side."


It's highly unlikely that you will be able to achieve 8% and would consider myself lucky to get 4% in the current interest rate environment. You might want to read some reviews of peer-to-peer lending and even try it out some yourself. Give yourself something like 2000 Euros/Dollars and a year. If you truly need 8% to retire, then you are not ready to retire. Here in the US it increases the complexity of your tax forms. I did an experiment with lending club. Here is what I found: After 18 months of giving it a try, I decided to abandon this strategy. My money will receive better and safer returns in a dividend focused mutual fund. However, I encourage you to give it a try yourself.


Yep, I often think that baby boomers don't understand that there's inflation and that the salary they had years ago might not be good enough.. Sure, median income has decreased in the last decade, but it's no excuse for paying engineers 45K because they'll jump ship as soon as they put their resume on Monster and get offer of 60-80k.


Uber relies on a 3rd party service which is basically only slightly better than a Google search. It's a big sticking point because many cities conduct better more thorough background checks with their taxi drivers but Uber doesn't want that because it can sometimes takes months, and thus cut into profit. Not to mention even when Uber was starting out, surge prices easily made it cost 2-3x more than taxis during peak times. A lot of cities already solved this problem with taxis by forcing them to charge flat rates. A regulation that Uber simply ignored. Uber is basically one step forward (the app), two steps back


Index funds, like IBB, generally lack active management, which equates to lower expenses. This is simply because the target index, the NASDAQ Biotechnology Index in the case of IBB, is composed of known quantities. This means there won't be stock pickers or analysts constantly swapping holdings, increasing the turnover rate of the portfolio and increasing capital gains; costs that are offset by higher expense ratios in more actively managed funds.


"The government as it exists today is still accountable to the people. One of Trumps most popular phrases is ""law and order,"" and was said in response to this exact issue, that the Obama and Bush white houses were picking and choosing which laws they wanted to follow. Its one of many reasons why he defeated Hillary Clinton by such a wide electoral margin. This a problem people have been foaming at the mouth about since the financial crisis. But if you go out of the way to give the government more and more power out of a false moralistic fantasy of a socialistic future where ego, greed, and hatred don't exist in every human soul, it is inevitable that the government will abuse that power in a big way. Arguably, it already has been. See Patriot Act and NDAA. A bigger, more powerful government is the last thing we need. What we need to do is take back control."


Damn. I just looked to confirm. Without reinvestment (but just holding dividends), looks like the return through 2013 is 0 and then there have been decent returns since 2013, but holy shit, it does not look good at all. All of that not adjusted for inflation. I wonder how much of that shitty performance can be reasonably classified as 'necessary' due to the spin-off of GE Capital, which generated a lot of the profit for GE but really was a huge problem for them when liquidity became scarce in 2008.


"> cost of living for ""basic living""(whatever that means) ""By necessaries I understand not only the commodities which are indispensably necessary for the support of life, but what ever the customs of the country renders it indecent for creditable people, even the lowest order, to be without. A linen shirt, for example, is, strictly speaking, not a necessary of life. The Greeks and Romans lived, I suppose, very comfortably, though they had no linen. But in the present times, through the greater part of Europe, a creditable day-laborer would be ashamed to appear in public without a linen shirt, the want of which would be supposed to denote that disgraceful degree of poverty which, it is presumed, nobody can well fall into, without extreme bad conduct. Custom, in the same manner, has rendered leather shoes a necessary of life in England."" - Adam Smith on relative poverty, The Wealth of Nations > Because without central authority, you cannot actually change the price of a good permanently. Who said I wanted to do that?"


>Like when I got my passport renewed, I had to send in a bunch of shit with the check. Really? I did my renewal online.. When I needed a new drivers license I did that online too (and they pulled the photo from my passport IIRC). All of that was paid for by card. I think if you do a new passport application, or you need to include new photos you can't do the whole thing online and need to do some verification steps (but you can do those at post offices IIRC..).


I think retail stores, as we know them are already dead, or at least terminally ill. Some places will survive, but they'll be more focused on providing niche products that should be scene in person before buying. Online shopping is just too convenient and cheap, and as return policies improve less and less people will be worried about actually holding things before they buy it.


Frankly, the article is mostly right, but I disagree with his specific recommendation. Why use one of these software services at all? Put your money into a retirement (or other) account and invest it in index funds. Beating index funds over the long run is pretty difficult, and if anyone's going to do it, it won't be someone that treats it like a hobby, regardless of whether you pick stocks yourself or let some software do it for you. I personally think the big value-add from investment advisers only comes in the form of tax and regulation advice. Knowing what kind of tax-exempt accounts exist and what the rules for them are is useful, and often non-trivial to fully grasp and plan for. Also, the investment advisers I've talked to seemed to be pretty knowledgeable about that sort of thing, whereas their understanding of investment concepts like risk/reward tradeoffs, statistics, and portfolio optimization is generally weak.


You can tell me what you believe all you fucking want. The truth is that those beliefs fly out the window when you have the opportunity to get a living without doing shit. The fact that 64% of libertarians are on welfare proves this.


"The problem is people want to post where there is activity. Who wants to ask a career advice question in a subreddit that only has 300 readers? Also, I feel like a lot of students get driven away from WSO due to the heavy amount of ""You don't have a chance"" type of advice..."


"No, the stock market is not there for speculation on corporate memorabilia. At its base, it is there for investing in a business, the point of the investment being, of course, to make money. A (successful) business earns money, and that makes it valuable to its owners since that money can be distributed to them. Shares of stock are pieces of business ownership, and so are valuable. If you knew that the business would have profit of $10,000,000 every year, and would distribute that to the owners of each of its 10,000,000 shares each year, you would know to that each share would receive $1 each year. How much would such a share be worth to you? If you could instead put money in a bank and get 5% a year back, to get $1 a year back you would have to put $20 into the bank. So maybe that share of stock is worth about $20 to you. If somebody offers to sell you such a share for $18, you might buy it; for $23, maybe you pass up the offer. But business is uncertain, and how much profit the business will make is uncertain and will vary through time. So how much is a share of a real business worth? This is a much harder call, and people use many different ways to come up with how much they should pay for a share. Some people probably just think something like ""Apple is a good company making money, I'll buy a share at whatever price it is being offered at right now."" Others look at every number available, build models of the company and the economy and the risks, all to estimate what a share might be worth, more or less. There is no indisputable value for a share of a successful business. So, what effect does a company's earnings have on the price of its stock? You can only say that for some of the people who might buy or sell shares, higher earnings will, all other thing being equal, have them be willing to spend more to buy it or demand more when selling it. But how much more is not quantifiable but depends on each person's approach to the problem. Higher earnings would tend to raise the price of the stock. Yet there are other factors, such as people who had expected even higher earnings, whose actions would tend to lower the price, and people who are OK with the earnings now, but suspect trouble for the business is appearing on the horizon, whose actions would also tend to lower the price. This is why people say that a stock's price is determined by supply and demand."


If we knew for sure that euros are only going to be more expensive in the future, then the answer would be easy: Buy them all at one time, so that we are getting them at the best price. Of course, we can't assume that to be the case, they could get cheaper, so the answer gets more complicated. Focusing strictly on monetary considerations, there are two factors to examine: Using answers to this Travel Stack Exchange question as a reference, you see that the cost of currency conversion can be as low as 1%-2% if you make the transaction with a debit card, but can be as high as 15%. So, buying 1000 euros a month would cost between 20 and 150 euros. Examining a two year chart of the Euro-Canadian Dollar exchange rate gives us an idea of how much the currency fluctuates. Over the past two years, a euro has cost has much as $1.54 CAD and as little as $1.26 CAD, a 22% spread. Looking at it on a month-to month basis, we see that monthly changes have been as high as .05 to .07 (4-5%). As such, buying 1000 euros a month could cost 50 CAD more (or less) on a monthly basis due to variance in the exchange rate. If we anticipate our overhead cost of currency conversion to be more than 5%, it doesn't make sense to do multiple transactions; the costs are likely to outweigh the benefits. If we can keep them under that amount, then multiple transactions are advantageous when the euro is cheaper. The problem is somewhat analagous to that of someone who wants to make an annual investment in a mutual fund and is unsure of whether to make the purchase all at once, or to divide it over multiple purchases. One can't know for sure which way the mutual fund price is going to move over the time period Dollar cost averaging, spreading the purchase over regular intervals, is the generally accepted solution to this problem. As such, so long as we can keep the overhead cost of currency transactions low (<5%), doing transactions on a regular basis positions ourselves to take advantage of possible drops in the price of euros and reduces the risk of buying euros when they are most expensive. If we can't keep the cost low, then currency fees would be greater than potential price drops and we would be better off doing a single transaction.


"I don't have experience with TSP in particular, but they look to be roughly the same as 401(k) loans. If the ""G Fund rate"" is equal to the yield of government bonds, then your main risk is the risk that yields increase, which means the interest you're paying is less than what you would have earned on the investments. Here are some other things to consider: For any car loan, I would borrow as little as possible with as short a term as possible. To me, the interest savings and additional risks from borrowing from your retirement isn't worth it."


"Yes, the annual contribution ""limits"" are effectively higher for Roth accounts than for the corresponding Traditional account, if that is what you are referring to, since the ""nominal"" limit is the same, but for Roth it's after-tax money, while for Traditional it's pre-tax money, which is equivalent to a lesser amount of after-tax money."


"You can type formatted text in reddit by using control characters, but the control characters are sometimes just normal characters that someone may want to type. In this case, to type a ""literal"" *, you must ""escape"" the control character with a \ before it."


I would open an account with a bank that has an international presence - branches in both the US and Spain (US Bank, HSBC, Citibank, etc.) Then just transfer the money over to the new account from your old account. Of course, ensure that you are eligible to open an account and still will have access to it after you move to the US.


They wouldn't do that if you foreign countries didnt make it stupid easy for them to hide their profits outside the states. You are not addressing the problem, only defending a corporations attempts to pay negative taxes while enjoying all the infrastructure and protections of that country. They feel they can milk the people and we should be grateful to them for it.


The reason why we have lots of idle capacity is because we have over capitalized. Fed res has kept rates far too low for far too long and it incorrectly encouraged producers to over build. If rates where not manipulated so much to the low side than producers would not have built so much capacity and utilization wouldn't be a issue. The low rates also encouraged consumers to take out loans and to also not save so that they could buy excess supply. But all it did was made everyone go into debt to unsustained levels and eventually bankruptcy. Over the last few decades gov and fed reserve have been stimulating, printing, lowering rates to prevent the vicious cycle from crashing... But eventually it crashed under its own weight. Unfortunatly we haven't seen the end yet because we need to go down more before we can start gong back up.


It is important to consider your overall financial goals (especially in the 3-5 year range). If you have another financial goal which cannot be met without that additional money then meeting that financial goal might take priority over what I am about to say. Your mortgage rate is another important factor to consider when answering this question. Extra mortgage payments are equivalent to investing that money in a VERY low risk investment with an equivalent yield of the mortgage rate because you will be paying that much less per year in interest. (Actually, when you consider that mortgage interest is often tax-deductible the equivalent yield should be reduced by your income tax rate.) Typically it is not possible to find such a low risk investment with a yield as high as your mortgage rate. For example current mortgage rates are over twice as high as the yield of a one year CD. Also keep in mind that additional mortgage payments help you build equity. This equity will most likely be applied to your next home purchase. If so their effect will be in place throughout the life of your next mortgage too.


> And when you see IPOs of tech stocks with prices exponentially greater than their revenues, or derivatives that when unravelled are nothing but air, or intraday fits and runs that seem to be tied to nothing in particular, then it all starts to look like nothing but manipulation. These have absolutely nothing to do with HFT. Why are you talking about them?


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You are going to miss way more work than you expect. Especially so if both parents are working. My wife and I both work and during the first couple of winters we couldn't average two weeks of uninterrupted work. You get sick, the kid gets sick, school / daycare holidays. You stay home and if you job isn't cool with it, it can be a problem.


I have abused 0% interest programs time and time again, but only because my wife and I are assiduous about paying our bills on time. We've mostly taken advantage of it with bigger purchases that we've done through Lowe's or Home Depot (eg - washing machines, carpeting, stove, fridge), but its been well worth it. There are two rules that we set for ourselves whenever we do a 0% interest program -- 1) We have the money already in savings so that we can easily pay it off at any time 2) We agree to pay our monthly bill on time There's nothing quite like using another person's money to buy your things, while keeping your money to gain interest in a savings account.


If I understand correctly you describe putting a hold on an appartment as such: A sum of money that you give to the owner of the appartment to let them hold it for you because you are probably going to rent. In case you back out of the deal, this money can mitigate the expected loss from turning down other candidates. After asking them to hold the appartment for you, you decided not to rent. Also, you used the bank to get back the hold sum. Regardless of the legal details, it seems very clear to me that after putting down a hold and walking away, you should not get the money back. There may have been some things that distracted/confused you (call about the key), but if you actually look at the things that happened it seems both right and practical to pay them their reclaimed hold as soon as possible.


I use a hack to do this sort of thing: I have an ING Direct online bank account. I link both of bank accounts I want to transfer between to the ING Direct account. I transfer between them by moving money to ING direct and then from there to wherever. Any online bank that let's you link regular checking accounts would work for this.


Which is true. So what you're telling me though is that an entire generation shouldn't get married or have a family because corporations would rather continue to pay their executive bigger bonuses than pay the people who make the company run enough money to live. [Nowhere in the US could someone on minimum wage afford a two bedroom apartment.](http://i.imgur.com/jw8V1kI.png) Just because it's not a right written into the Constitution doesn't mean it's something that waved off.


This is a present value calculation, which excel or any financial calculator can handle. N = 300 (months) %i = 5/12 or .05/12 depending on the program/calculator PMT = $5000 (the monthly payment) FV = 0 (you want to end at zero balance) This calculates a PV (present value of $855,300) Chad had it right, but used a calculator that didn't offer the PV function, so he guessed and changed numbers til the answer was clear. user379 makes a good point, but why start inflation calculations at 65, and not now? You look like you're in your 30's, so there's 30 years of inflation, and $60K/yr in today's value will need to be closer to $150K/yr, given about 30 years of 3% inflation.


I think one concern is that this could widen the gap beyond what a social net can compensate for. Yes, there are geniuses and idiots now, but the geniuses can't go too far because there are not enough of them to band together. Not so when it is just a large cheque away. But as discussed in other branches of this thread, maybe I am making a mountain out of a molehill. Improvements of this degree may happen gradually over the course of a couple of decades, and I hope we figure out a fair but progressive way to deal with it.


You are going to need a lawyer anyway so check with him. But here is a path you might be able to go down. Put the house in your name right from the get go. He gives you the money but you sign over a promissory note to him so that you net less than $14000 (gift tax annual exclusion for the calendar year). He can gift everyone in your household 14k per year tax free and he could gift it to you and your partner in less than 7 years. You can pay him back in anyway you like or not at all as the promissory note could be reduced by 28k per year. I think a CPA and lawyer in your state would be able to confirm that this would work for you.


To start with, I should mention that many tax preparation companies will give you any number of free consultations on tax issues — they will only charge you if you use their services to file a tax form, such as an amended return. I know that H&R Block has international tax specialists who are familiar with the issues facing F-1 students, so they might be the right people to talk about your specific situation. According to TurboTax support, you should prepare a completely new 1040NR, then submit that with a 1040X. GWU’s tax department says you can submit late 8843, so you should probably do that if you need to claim non-resident status for tax purposes.


It is a common phrase. In a bank the front office is essentially all the aspects of the business you will read about, such as the traders, sales people, investment bankers, etc. This is only 1/3rd of the bank the other 2/3rds are back office and is all the IT and admin required to to run the front.


No. You simply form a separate entity for the film and then the studio charges all kinds of fees to the film entity, i.e. licensing or consulting or whatever. The film entity shows zero net profit so anyone getting paid off that is screwed (anyone who takes compensation in net should fire their agent), but the studio gets to book the profits. You can do this with any kind of business.


> So who do you believe should benefit from parent's successes? I don't understand how this is different from your original question. A parent can give all their wealth to anyone in their generation or to a charity that does not cater to tiny groups. > And who should administer it? Are you asking who should clean up a parent's estate after they die? It would be much the same way it works now.


As an employer, why would I not want to hire someone who is philosophically similar to me? Now I only have around 10 employees, so my case is a little different, but if everyone can be free to believe what they want, can I as an employer believe to hire those that have similar interests to mine? Fortunately I've never had to ask these questions (facebook is a beautiful thing). I'm an athiest. Why wouldn't I hire an athiest first given that I work in such close proximity with my employees and is much more like a family or a close group of friends? I'm going to pick people who fit in. I find that if the chemistry is better, more productive work gets done.


"A few ideas. I suggest it would wise to consider what lesson is learned as a result of any resolution of a financial issue. Is it a lesson of responsibility and of the importance of keeping one's word, or of getting away with whatever happens (poorly planned business) with no adverse consequences. ""No"" consequences (e.g. forgiven loan) is also a consequence, and it sends a message. Sounds like paying the loan from your savings automatically means it's deducted from inheritance, since the savings are part of that inheritance. This may seem like a square deal if we ignore inflation. Assuming Today the $54K is worth much more than, unless it is adjusted for inflation, the same $54K will be worth (i.e. will allow to buy) a few decades from now, when the inheritance materializes. So this option means your son is foregoing a significantly smaller financial loss in the future in exchange for foregoing his debt completely today. This is like borrowing $54K from a bank now, and only having to forego the same amount decades in the future when it is in fact worth much less. What borrower would not be happy with such arrangement, and what lender would do it? Only one's own loving parents :) You are in charge of what life lessons your son will walk away with from this situation. Good luck!"


You can think of a free cash flow as dividends from operations. FCF = cash from operations - investment in operations. The present value of these cash flows into the future is the value of the firm (DCF is very much like the dividend discount model). Now why does a DCF produce enterprise value and not equity value? Because a DCF values the firm's operating assets. To find the equity value, you use the accounting relation: assets = liabilities + equity (or in financial terms net operating assets = net financial obligations + common stockholders equity). This means you take away net debt from the value produced by the DCF to find equity. Now all your excess cash is netted off against your financial obligations (debt) to find the net debt. Cash used for day to day operations is an operating asset and should be treated as such, operating cash should not deducted from value of assets when finding the value of equity. At least that's what they're teaching at university now (i'm a uni student who's just finished my business valuation subject).


I work for a punlically traded company. There are plenty of people who work very hard and are smarter than a lptbofbthe executives I know. He could be a cyborg, butbifbhe is the cfo by 29, he had to jump a fuckton of hurdles to get there.


">1. Clean the toilets. Show that you're willing to do whatever it is you're asking your people to do. LOL. Too true. It also gives you a (pardon the pun) whole *shitload* of ""ground-level"" evidence regarding how your employees (and/or customers) feel about your operation (and also in many ways reveals how your company feels about/treats employees & clientele). People who *respect* and *appreciate* the place that they work for or patronize ... help keep the place clean. Businesses & employers that appreciate their customers & employees make certain that the environment & workplace (ALL of it, including the toilets & bathrooms) are nice, clean, well-equipped, properly maintained, etc. >My largest mistake early on was not being able to say ""you're incompetent at this job and you're fired."" Instead I gave a wishy washy ""we don't really need you anymore"" and they filed unemployment falsely. Actually, with the ""reason"" that you gave, those people were **perfectly entitled** to claim unemployment -- you didn't ""fire"" them for cause/incompetence... the language you used clearly indicated that you **laid them off.**"


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I'd really like to see the higherups in the system get their feet held to the fire. The cyclists take the fall but what about the UCI officials, teams, and coaches that all played their parts? They all bear responsibility for the young cyclists that have died of heart attacks and etc.


I came across an article posted at Squawkfox last week. It's particularly relevant to answering this question. See 10 Ways to Cut Your Fitness Membership Costs. Here's an excerpt: [...] If you’re in the market for a shiny new gym membership, it may be wise to read the fine print and know your rights before agreeing to a fitness club contract. No one wants to be stuck paying for a membership they can no longer use, for whatever reason. But if you’re revved and ready to burn a few calories, here are ten ways to get fitter while saving some cash on a fitness club or gym membership. Yay, fitness tips! [...] Check it out!


"Stick -ize"" at the end of a word and say we need to do this. 9 out of 10 times, it will seem action-oriented."" I use this sometimes and it help make you sound like you know what you're talking about when you're backed into a corner and really don't know what the hell you're saying."


They actually do handle large scale natural disasters. However this is when the Insurance companies' reinsurance contracts kick in. One insurance company can have multiple reinsurance contracts to help them mitigate disasters like this. The insurance company might be on the hook for the first 25 million of a catastrophic event, then a reinsurance company A will be on the hook for the next 50 millions in excess of the first 25 million, then reinsurance company B will be on the hook for the next 25 million in excess of the first 75 million, etc. Reinsurance is essentially insurance for insurance companies (joking called insurance inception). Additionally reinsurance companies can get reinsurance, called retrocession. Source: I work for a specialized insurance banking and finance group in Dallas. Our clients have exposure on the Texas coast and Houston.


Well, this whole project started because that supplier mentioned they can send their invoices electronically (EDI Electronic Data Interchange). When a brilliant manager heard about it, they jumped on the idea... even though it's 2 invoices per month.


Hey, While CFA is a great course in terms of the curriculum, it is going to be tough for you to actually land a job since CFA doesn't conduct any centralized placements. 25-26 isn't too late to start a job - jus make sure you mention your role in the family business as work experience on your resume. An MBA may be a better option to get ur career going , but it's expensive and getting admission into a good school is ridiculously tough.


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You can choose to believe or disbelieve anything you wish, but the end result speaks volumes. The very next morning after the sale was announced, even with stores completed barren or product, according to you, customers, who were not boycotting, began immediately flowing through the doors shopping again, for product that did not exist in the stores. But, there I go, being delusional again.


Do you have any other debt besides your mortgage such as credit card debt, student loans, or a car payment? Unless those are lower interest than your mortgage, pay them off first. There are a lot of other considerations besides just mortgage and emergency fund. Do you have some money for the things in life that happen - car repairs, unexpected medical bills, your next vehicle purchase, and the eventual replacing of those big ticket items in your home that will break eventually? A bit of savings towards each of those each month is not a bad idea. Then there is your retirement. Are you on track to make enough to support yourself in retirement plus pay for the cost of health care as it applies in your country (more in some countries, less in others)? There is also the cost of higher education for your children if you have any or are planning on having any. If so, were you planning on contributing to their higher eduction? Do you have a savings plan in place for that? Paying off the house is a great thing to do - in my mind it's great even if it reduces your mortgage deduction, although others disagree. It's just not the number one financial priority anyone should have.


"Regarding your third point: Just going without coverage and buying a used phone if mine dies or leaves my possession. (I'm actually not 100% sure if this is possible since I don't see any way to put a SIM card in an iPhone.) If the ""iPhone"" in ""put a SIM card in an iPhone"" is a potential second hand replacement that you were to buy in case of loss/theft then yes, you would be able to do this. That's kind of how GSM phones work. Without the SIM you can only call emergency numbers. How to insert/remove SIM of an iPhone"


I've been a landlord and also a tenant. I have been able to deposit money in an account, where I have the account number, and/or a deposit slip. In a foreign bank you can deposit by a machine if in the bank or someone is there for you and knows the account number. With regards to cashing a check in another country, it is up to the bank and the time is at least 14 to 21 business days, with a fee is added. As of a winning check, since its in your name, if you are in another country sign the check, for deposit only with a deposit slip and send it to your out of country bank by FedEx - you will have a tracking number, where as regular mail it might get there in 3 months. I hope by now you came to your solution.


"I'd start with a Google search for ""best backtesting tools."" Does your online brokerage offer anything? You already understand that the data is the important part. The good stuff isn't free. But yeah, if you have some money to spend you can get more than enough data to completely overwhelm you. :)"


No. They do not. The American populace, myself included, does not understand the vast complexities of the mechanisms and institutions responsible for delivering dollars to the market. If there's debt, then it must be ok because our paychecks get bigger and we can get money from the bank. If it was a problem, it'd be taken care of.


I apologize in advance if this seems heartless, Lord knows many on this site would consider me such, but it is my intention to be helpful. Rhetorically: Given your disability, could you find a different line of work that would have earn you a decent income? You mentioned fighting for disability for 5 years. Could that time have been spent creating a different occupation? Could you still do so? As you mention these are not large numbers prior to disability, but post-disability they are overwhelming. The tone of your post suggests that you feel trapped and helpless, and I really hate that for anyone. In some ways you are so close, just another $300/month puts you in the black! My encouragement would be to find a way to make this work. Find a way to earn more and you can keep your house and car.


"Sounds like this guy took the dive for Citi on the fallout around the IPO. ""Mahaney was only indirectly involved in the incident involving the Facebook research, according to the settlement agreement by Massachusetts regulators released on Friday. But the actions of the junior analyst who worked for him provide an unusual glimpse into the type of behind-the-scenes information trading that regulators are attempting to rein in. While the Massachusetts regulators did not identify any of the individuals by name, Reuters has learned that the incident involved TechCrunch reporters Josh Constine and Kim-Mai Cutler as well as Citi junior analyst Eric Jacobs."""


He offered a 15% stake. He showed willingness to move from his original position by moving to 20%. This left the door open for further discussions but if the last shark wasn't offering royalties or something else to sweeten the pot, he wasn't going to budge much more than maybe to 22.5%. You give away too much too easily and a seasoned negotiator smells blood and goes for it. Every round of negotiations needs to offer a bit more but less than the additional offered in the previous round and not without receiving something in return (so after increasing by 5% to 20% he would not have added another 35% based on their arguments, he would reason why an additional 2.5% would be the most he could offer without additional consideration...if he jumped from 15% to say 40% too easily the other negotiator would be looking for an additional 20 after that) . So he went from 15 to 20 (in response to the 75% equity stake) and did nothing to seem pigheaded or unreasonable while setting the tone for the next (and last) negotiator. The last guy wasn't willing to walk away and Jonathan showed that he wasn't going to be pushed into a bad deal..so a deal got done. Dunno if that makes sense but his cogent assertions coupled with strong but fair negotiating skills (and a product that at least one person saw value in or any negotiation would be pointless) won the day.


"There are people who believe Equifax didn't actually get hacked, and that the $7.5 million security deal they just received is proof of that. It's still a young and uncommon conspiracy theory, but considering that there are folks who like to scream ""false flag"" about damn near everything, I'd be surprised if it didn't become a mainstream one over the coming months, *especially* if *this current push* to eliminate Social Security Numbers (in their current form) is successful or gains traction."


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They aren't lazy they just don't want to do back breaking work for minimum wage. To get Americans into the fields we would need to pay over 25/ hour which would triple food costs for consumers. Which no one wants. So the farmers don't pay that and so the crops rot in the field. Supply and demand isn't a closed system.


"This is the best tl;dr I could make, [original](http://www.latimes.com/business/hiltzik/la-fi-hiltzik-apple-iowa-20170825-story.html) reduced by 89%. (I'm a bot) ***** > It&#039;s a classic example of the &#039;pay for fame&#039; phenomenon....What governor doesn&#039;t want to issue a joint press release with Apple and Tim Cook? - Greg LeRoy, Good Jobs First. > Data centers such as the Apple facility are especially shiny baubles to dangle before local yokels. > Apple described the center in a press release as &quot;State of the art,&quot; but in today&#039;s digital world that&#039;s code for &quot;Robotic.&quot; That&#039;s why, after employing 500 construction workers for two years to build the place, Apple will need only 50 humans on-site to run it. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6w18sl/apple_breaks_new_ground_in_squeezing_locals_for/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~198504 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*: **Apple**^#1 **center**^#2 **job**^#3 **state**^#4 **Waukee**^#5"


Stocks aren't just paper -- they're ownership of a company. Getting cash from a stock that doesn't pay dividends basically means reducing your stake in the company. If the stock pays dividends, on the other hand, you still have the same shares, but now you have cash too. You can choose to buy more of the company...or, more importantly, to use it elsewhere if that's what you want to do.


Can he legally break your lease if he sells the place? If not I would just keep renting. It doesn't sound like you love the house and you plan on moving or would prefer a different type of place long term. Unless you yourself plan on getting involved in being a renting it out to others in the future - just rent and move on at some point. If he can break your lease upon sale of the property then I'd be casually keeping an eye out for another place to rent if that happens.


"We're talking about two different things. In the start-up world ""exit"" means liquidity event: either an acquisition or IPO. No one ever refers to an exit as being an ""abandon ship!"" moment. But I also somewhat disagree with your thoughts. The most important part about succeeding in business is being in business. Meaning, half the success is just surviving. I've been very close to failing with my company several times, yet it (and me!) are still here. I never give up."


Come to Oklahoma they can fire you and not hire you for what reason they please. Call at will state and by the way. I don't know about your state our country but here companies do not have to provide leave due to pregnancy.


Not sure why you're posting in r/finance; did you meant to post in /r/PersonalFinances ? Or /r/financialindependence ? Anyway, I'll play. There are 3 ways you can go about it, make it 4: 1. Commercial: find yourself a job/career that you'd do it for free. I once met a guy who was in your similar situation and he had a hot dog stand in the hearth of the financial district of a large US city; he did it for the fun and to be social. He'd be there only when the Stock Market was open and if the weather was good. You could also develop a more challenging career for the satisfaction of it: writer, artists, craftsman.... You could go back to school, or take an online class, or do an online degree for the pure satisfaction of it all 2. Start a company. Similar to #1 above, but this this 100% entrepreneurial. It could be just yourself, or enlist the help of the wife; full time or part time. This again, follow your passion; since you're set financially it should not that difficult to break even. With time you could grow and hire people, but that increase the complexity and you might find yourself managing the business and not actually getting the satisfaction of doing what you had set to do. 3. Volunteer: find a non profit whose mission aligns with your values, and volunteer there; 1 or a couple of organizations; if you're up to it with time you could climb up the ranks ... 4. Mentoring: there are a lot of people who dream about being in your situation. I am sure it was not luck but hard work as well. You could become a blogger, write a book (in your name or anonymously); or mentor directly someone, reddit and a web site is a good marketing start. If you have enough money (accredited investor) you could become an angel investor, or join an angel consortium to help people with your background to make something out of themselves. 5. A combination of 2 or more from the above.


Look I'm up for a dialogue, but I'd appreciate civility. If you look back at my responses on this post I've said multiple times that I'm willing to help people who help themselves. I'm also pointing out that 1.) this article 'slavery' aspect is off and 2.) I'm not 100% convinced she is doing all she can to further better herself (maybe she is but the article didn't convince me). I've said before I give her props for getting her ass off, good on her. And I'm all for helping out people (for a limited time) who actually deserve it and have actually worked hard for it. In the lead featured in the article sounds like she would be a very very good candidate. I am a generous person, I want to help people and I'm willing to do so. They just need to want help. My generosity ends when it becomes mandatory to support anyone who has made any number of bad decisions and is not deserving of my help (we can talk about who deserves help in more detail anytime). Should I support a family of people in which the parents keep pumping out kids, and the mom is a stat at home mom and the dad works at a slightly above minimum wage? No! Should I support single mom who chooses not to work, and mooches off friends and family? No Both of these cases may seem cherry picked, and while they are to an extent they are both real cases that I've/a personal friend have witnessed.


Bollinger Bands are placed standard deviations away from the moving average. Therefore if the price is volatile, the bands diverge from the mean. During consolidation the bands would converge. They do not provide a clear indication of whether the price is trending or not.


If you buy foreign currency as an investment, then the gains are ordinary income. The gains are realized when you close the position, and whether you buy something else go back to the original form of investment is of no consequence. In case #1 you have $125 income. In case #2 you have $125 income. In case #3 you have $166 loss. You report all these items on your Schedule D. Make sure to calculate the tax correctly, since the tax is not capital gains tax but rather ordinary income at marginal rates. Changes in foreign exchange between a transaction and the conversion of the proceeds to USD are generally not considered as income (i.e.: You sold a property in Mexico, but since the money took a couple of days to clear, the exchange rate changed and you got $2K more/less than you would based on the exchange rate on the day of the transaction - this is not a taxable income/loss). This is covered by the IRC Sec. 988. There are additional rules for contracts on foreign currency, TTM rules, etc. Better talk to a licensed tax adviser (EA/CPA licensed in your State) for anything other than trivial.


Would if I had the capital it is an intensive and low margin area, it requires serious creativity and drive to do it and often needs at least one person per store that is seriously locally invested. Not sure where anger comes from, just stating my opnion as a 20 year professional consultant who has worked at the executive level for BB, Target and GSK and a lifetime of being a customer. Sorry my opnion is both appreny offensive and entirely incorrect. I honestly don't read much of the retail distribution industry trade publications. I just work here. EDIT: It's important to note that big box reailers and how they treated customers was already on the downslide and had been for nearly a decade prior to Amazon showing up. As such honestly very hard for one to make a direct comparision as the retailers had alredy given up much of thier competitive advantge prior to Amazon coming on the scene.


You are likely thinking of a individual variable insurance contract (IVIC) , better known as a segregated fund, or a principal-protected note (PPN). For a segregated fund, to get a full guarantee on invested capital, you need a 100/100 where the maturity value and death benefit are each 100% guaranteed. The PPN works similar to a long-term GIC (or CD) with a variable investment component. The thing is, neither of these things are cheap and the cost structure that is built in behind them makes it difficult to make any real above market rates of return. In both cases, if you try to break the contracts early then the guarantees are null and void and you get out what you get out.


just pick a good bond and invest all your money there (since they're fairly low risk) No. That is basically throwing away your money and why would you do that. And who told you they are low risk. That is a very wrong premise. What factors should I consider in picking a bond and how would they weigh against each other? Quite a number of them to say, assuming these aren't government bonds(US, UK etc) How safe is the institution issuing the bond. Their income, business they are in, their past performance business wise and the bonds issued by them, if any. Check for the bond ratings issued by the rating agencies. Read the prospectus and check for any specific conditions i.e. bonds are callable, bonds can be retired under certain conditions, what happens if they default and what order will you be reimbursed(senior debt take priority). Where are interest rates heading, which will decide the price you are paying for the bond. And also the yield you will derive from the bond. How do you intend to invest the income, coupon, you will derive from the bonds. What is your time horizon to invest in bonds and similarly the bond's life. I have invested in stocks previously but realized that it isn't for me Bonds are much more difficult than equities. Stick to government bonds if you can, but they don't generate much income, considering the low interest rates environment. Now that QE is over you might expect interest rates to rise, but you can only wait. Or go for bonds from stable companies i.e. GE, Walmart. And no I am not saying you buy their bonds in any imaginable way.


"Neither. Why would you have to classify startups as value or growth? A startup is its own category. You can find startups at ""classic"" valuations (price/book... Etc) that would make investors' eyes water... But that happens because many startups are early stage and so revenue or book value or other classic valuations don't quite suit."


It's because trucks and SUVs can have way better margins. Automakers might make a few hundred bucks on a sedan vs $10,000 on a truck. Truck and SUV price points are insane. Part of it can be blamed on the availability of credit.


I don't own a business but I am a manager for a large IT company (globally dominant). I refuse to be dishonest in business and am lucky to work for senior management that shares that view. We win some, we lose some. We are as transparent as possible, keep our commitments, and seek deals that drive value for all parties. Sometimes I am deeply frustrated by the lack of integrity of others and the benefits they seem to reap. But my reputation is excellent, my clients know they can take me at my word, I can look my kids in the eye and know that I walk the walk about my guidance on morals, ethics, and character, and I will someday die having spent my career in an honest and respectable way. Could I make more if I was full of shit? Maybe. Is money worth that price? No.


Worked for a SaaS based company that married data sources to existing IP and analog video feeds. E.g. for an ATM you'd match transactions against the PinHole And/or overhead cameras and run analytics over that data. Edit for clarity. You either MITM it if it's insecure for 'live' data or you parse it centrally and pull data in batches each night.


"No. That return on equity number is a target that the regulators consider when approving price hikes. If PG&E tried to get a 20% RoE, the regulator would deny the request. Utilities are basically compelled to accept price regulation in return for a monopoly on utility business in a geographic area. There are obviously no guarantees that a utility will make money, but these good utilities are good stable investments that generally speaking will not make you rich, but appreciate nicely over time. Due to deregulation, however, they are a more complex investment than they once were. Basically, the utility builds and maintains a bunch of physical infrastructure, buys fuel and turns it into electricity. So they have fixed costs, regulated pricing, market-driven costs for fuel, and market-driven demand for electricity. Also consider that the marginal cost of adding capacity to the electric grid is incredibly high, so uneven demand growth or economic disruption in the utility service area can hurt the firms return on equity (and thus the stock price). Compare the stock performance of HE (the Hawaiian electric utlity) to ED (Consolidated Edison, the NYC utility) to SO (Southern Companies, the utility for much of the South). You can see that the severe impact of the recession on HE really damaged the stock -- location matters. Buying strategy is key as well -- during bad market conditions, money flows into these stocks (which are considered to be low-risk ""defensive"" investments) and inflates the price. You don't want to buy utilities at a peak... you need to dollar-cost average a position over a period of years and hold it. Focus on the high quality utilities or quality local utilities if you understand your local market. Look at Southern Co, Progress Energy, Duke Energy or American Electric Power as high-quality benchmarks to compare with other utilities."


I'm doing my part. I never eat the calorie, salt, and fat loaded crap that chain restaurants offer. Would rather go buy fresh ingredients from the store and make a meal at home that actually tastes good and won't take years off my life. Buy a nice bottle liquor and make a few cocktails cocktail or a six pack of beer and I'm having a much better meal and experience for a fraction of the price at home.


Just read that citi is planning to return 132% of their expected earnings to shareholders over the next year in the WSJ. How does a bank return more to its shareholders than what it makes? Also banks requesting payouts in these stress tests of 100% of expected future earnings. Am I missing something? Doesnt make much sense to me. Hope someone sees this thanks.


This is something a redditor came up with. It provides a basic income to everyone, while still penalizing those who don't work (by minutely by surely lowering their stipend) and preventing a poverty trap (by never withdrawing the stipend).


"This is the best tl;dr I could make, [original](https://web.stanford.edu/group/SITE/SITE_2013/2013_segment_2/2013_segment_2_papers/gulen.pdf) reduced by 99%. (I'm a bot) ***** > As an alternative way to gauge the economic magnitude of our policy uncertainty estimate, we compare the fitted values obtained from our model using realized values of the policy uncertainty index to the fitted values obtained using the policy uncertainty level observed just prior to the recent recession. > 3.3 The Heterogeneous Effects of Policy Uncertainty on Investment In this section, we investigate whether the negative relationship between policy uncertainty and investment manifests itself heterogeneously in the cross-section in a way that is consistent with theories that postulate a causal effect of uncertainty on investment. > For specification 3, we regress the U.S. policy uncertainty index on the Canadian policy uncertainty index and several U.S. macroeconomic controls, and use the fitted residuals as an alternative policy uncertainty measure in our baseline specification. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6p528x/policy_uncertainty_and_corporate_investment_pdf/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~174006 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*: **Uncertainty**^#1 **Policy**^#2 **Investment**^#3 **firm**^#4 **index**^#5"


I didn't realize the min wage in NYC was higher than the rest of NY state. WOUld $11.50 change much, in NYC? Childcare at $400? I live in a pretty rural area where you can get an acre of land and a decent house for under $100K. To get daycare under $1000 a month you have to find someone working under the table, not registered and not paying taxes. Even then, it is $800 a month for two kids.


Regardless of whether a stock is owned by a retail investor or an institutional investor, it is subject to the same rules. For example, say that as part of the buyout, 1 share of Company B is equivalent to 0.75 shares of Company A and any fractional shares will be paid out in cash. This rule will apply to both the retail investor who holds 500 shares of Company B, as well as the asset manager or hedge fund holding 5,000,000 shares of Company B.


One of the top benefits is that they can help you organise all your discs. According to several book printing companies that offer CD/DVD duplication and replication services, business owners are actually unaware of the potential of these storage options and you can store CD-ROMS, DVDs, CDs and in fact everything that resembles their shape and size


"This is the best tl;dr I could make, [original](https://openknowledge.worldbank.org/handle/10986/27944) reduced by 56%. (I'm a bot) ***** > Bringing e-Money to the Poor: Successes and Failures examines the lessons of success from four country case studies of &quot;Gazelles&quot;―Kenya, South Africa, Sri Lanka, and Thailand―that leapt from limitation to innovation by successfully enabling the deployment of e-money technology. > These countries have thereby transformed the landscape of financial access to their poor. > Because technology is not a silver bullet, the case studies also explore other strategic elements that need to be in place for a country to expand access to financial services through digital technology. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6vuj7f/bringing_emoney_to_the_poorpdf/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~198017 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*: **access**^#1 **country**^#2 **e-money**^#3 **technology**^#4 **financial**^#5"


After a bit of rooting around the HMRC sites, I found this page which says this: One key difference is that digitised products are classed as electronically-supplied services for VAT and customs duties. These services are: For VAT purposes, the place of supply of these services is the country in which the customer lives. If you supply electronic services to a business customer in another European Union (EU) country, the customer accounts for any VAT due in that country. You should not charge UK VAT. If you supply electronic services to a consumer, charity or government body in another EU country, you have to account for UK VAT. If you supply electronic services to anyone in a country outside the EU, you don't pay any VAT. If, as a UK business, you buy electronic services from a company outside the UK, you have to account for VAT. If I read this correctly, I as the supplier of the website need to account for VAT only if the sponsor is a consumer, charity or government body in another EU country. It is not covered in this site, but I assume I must also account for VAT for a customer based in the UK. So in answer to the original question, a customer from Canada (which is currently outside the EU) would account for the VAT themselves, and I would simply charge the gross amount.


The government bailed out the financial system because it was in its best interest to. Letting the system all crash on top of yourself is definitely not smart. So we loan financial institutions money, shore up any short term issues, and we get most of the money back, if not all of it. If I'm not mistaken, all the bail out money was paid back. But beyond the point, there may be merit in basic income ideas, but this is definitely not the kind of rhetoric, thinking, analysis, or insight that it needs.


"The underpayment ""penalty"" is just interest on the late payments--willful or not has nothing to do with it. When they feel it's willful there will be additional penalties."


BART spent $1B on a 5 mile extension from Oakland airport to Coliseum station. BART is now spending their $3.5B bond on 90 miles of track updates. With numbers like that, public transit will never be economical in the United States.


But how long to hold is the question...how long did this assumed manipulation go on for last time? Edit: a quick half assed check on investopedia showed that it went up for around a month from its lowest point and it's high hit on feburary 6-8th 2017. So will it stay at this point again and gradually repeat February's numbers...or sell and walk away with what it netted me.


The answer is in [this graph](http://www-tc.pbs.org/prod-media/newshour/photos/2012/12/06/Andrew_Smithers_chart_blog_main_horizontal.JPG). Compare inflations rates to that graph as far back as it goes and the correspondence is better than the Phillips curve or NAIRU can provide as an explanation. Of course historically increasing employment drove up the labor return ratio more than it does today making it an indirect indicator, just not a cause in itself. Labor returns, as a ratio, are now at an all time historic low.


The point of an RRSP is that you can put money in when you are paying a lot of taxes (maybe a 50% marginal rate) and take it out later when you are paying less taxes (maybe a 30% marginal rate.) You will thus end up with more money. Since you are not paying high taxes on your modest income, this aspect of an RRSP doesn't really apply to you. When the time comes that you start withdrawing from your RRSP, you will pay taxes on the entire withdrawal, both principal and interest. A TFSA on the other hand allows withdrawals (typically limited to some small number a year) without the principal or the interest being considered taxable income. That seems like a better approach for you. However, they are not very liquid - you can't deposit, withdraw, deposit, withdraw week after week. Look around for not-exactly-banks that offer higher interest rates than the banks do. Set up a TFSA with one, and put about 8k in it. (If you have time to investigate GICs, ETFs, and whatnot, fine, investigate that for a while and set up a TFSA that holds those.) Put the other 2k in a high-interest savings account from that institution. High interest will be between 1 and 2% which isn't very high, but oh well. Assuming you get some notice when you need to replace your car, you could withdraw from the TFSA to get that money. Or you might be lucky and need a car at a terrible time for dealers to sell cars, and get a great deal on a new car with a long warranty, something you could keep for another 15 or 20 years. If you could afford the loan payment then your savings could stick around for a rainier day.


This is a great response, thanks. I appreciate Dale Carnegie, Sun Tzu etc, but after reading them I felt they didn't offer anything really specific towards running a business. I've just ordered the personal MBA after reading a bit more on it so thanks for that too. Prince2 methodology looks pretty in depth so that's going on the the 'later' pile for now!


Are you interested in refurbishing your rented home here in Singapore? If you are struggling with financial difficulties, you can apply for a renovation loan offered by banks. Most banks in Singapore offer renovation loans and home loans only to those who own a property. It is very hard to find a renovation loan for a rented home. **Home loans for renovation** You can take a home loan for your rented property and top up your home loan to finance your renovation project. If you already have a home loan, all you need to do is ask your bank representative to add extra financing to your [home loan](https://www.bankbazaar.sg/home-loan.html) for renovation purpose. Applying for a home loan for a rented property is simple. You can use an online loan calculator and compare home loans provided for a rented property. According to your repayment capacity and financial requirements, you can choose a home loan and use it for renovation. Make sure you have a good credit score while applying so that your home loan gets approved easily. **Personal loans for renovation** If you are not able to find too many home loans or renovation loans for rented property, you need not worry. Have you considered taking a personal loan to make awesome home improvement measures? That’s right; you can apply for a personal loan and use the funds to renovate your abode. The best thing about a personal loan is that a lender does not enquire about the purpose for your loan application. So, you can use your personal loan for any of your needs. *Eligibility criteria for personal loans* The general criteria to be qualified for a personal loan in Singapore are: The applicant should be 21 to 65 years old. The applicant should be a Singaporean or a permanent resident or a foreigner. The minimum income requirement for a Singaporean or PR is generally S$20,000 p.a. and S$40,000 p.a. for a foreigner. **When are personal loans ideal for renovation?** There are a few situations when a personal loan is the best option for renovating your rented property: Many banks give personal loans with attractive promotions such as interest-free loan for a certain period. You can take this loan and even repay the full amount before the zero-interest period expires. This will help you save efficiently on your renovation project. The minimum income required to secure a home loan is generally higher than the income requirement for a personal loan. Hence, a personal loan is a better option. A home loan generally gives a higher sum of money than a personal loan. This high amount is suitable for a construction project but will be excessive for renovation work. Therefore, it makes more sense to apply for a personal loan to give the perfect makeover to the kitchenette in your home. The approval process for a home loan is typically very lengthy. Personal loan applications get approved within 24 hours by most banks in Singapore. So now you can apply for a personal loan without any tension and remodel your balcony to have a party at home sweet home! Personal loan rates are generally lower than home loan rates. You can refurbish your living space by paying your loan at an interest rate not more than 4%. Now, you would have got a fair idea about how to finance your remodelling work. Always remember to enquire about every loan’s terms and conditions. Never sign any loan contract without being absolutely clear about the loan’s features.


Keep in mind this is a great primer on *macro*economics, or how the economies and money supplies of societies as a whole work. It's equally fascinating and important to learn about the basics of *micro*economics, the other side of that coin (pun intended), or how individual people and businesses make decisions about production and consumption. You've probably heard of the laws of supply and demand which are really important for understanding things like how and why prices change and why some businesses and industries are more successful than others.


Few pleasures can be compared to listening to the best live music. If you are one of those who are looking forward to your favourite artist to tour to enjoy their latest songs, you are in the right place. Tickets for the best music events of the year are at your disposal, with all the concerts and national and international Discount Online Tickets Houston festivals you can imagine. Think of your favourite artist on stage, since it is comfortable, simple and avoid queues, travel and allows to buy tickets from any device with Internet access.


"For some reason can't transfer it directly to his account overseas (something to do with security codes, authorized payees and expired cards). Don't become someone's financial intermediary. Find out exactly why he can't transfer the money himself, and then if you want to help him, solve that problem for him. Helping him fix his issue with his expired card, or whatever the real problem is, would be a good thing to do. Allowing him to involve you in the transaction, would be a bad thing to do. Possible problems which might be caused by becoming directly involved in the transaction: -The relative is being scammed themselves, and doesn't realize it / doesn't realize the risks, and either wants you to take the risk, or simply thinks there is no risk but needs administrative help. -The person contacting you is not the relative - perhaps they are faking that person's identity, and are using your trust to defraud you. -The person is committing some form of fraud, money laundering, or worse, and is directly trying to defraud you in order to keep their hands clean. -The transaction may be perfectly legal, but is considered taxable in one or more countries. By getting involved, you might face tax filing obligations, or even tax payment obligations. -The transaction may be perfectly legal and legitimate, but might accidentally get picked up as potential fraud by a financial monitoring system, causing the funds to be held, and your account to be flagged for further investigation, creating headaches for you until it becomes resolved. There are possibly other ways that this can go awry, but these are the biggest possibilities I can think of. The only possible 'good' outcome here is that everything goes smoothly, and it works exactly as well as if your relative's ""administrative problems"" were solved first, and the money went through his own account. Handwaving about why your account is needed and his is faulty is a big red flag. If it is truly just an administrative issue on his end, help him fix that issue instead."


"From Chipotle's website: ""There is a popular misconception that Chipotle restaurants are owned by McDonalds. While they were once an investor in our company, they divested in 2006 and our company went public on the New York Stock Exchange that year. Source: Chipotle"""


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"I wrote the whimsically titled ""The Density of Your IRA"" to discuss this exact issue. In the 25% bracket, your pretax 401(k) would have $18,000, with a future tax due. But the Roth effectively took $24,000 in pretax dollars, and put the $18K in post tax money in the account. Since the limits are the same, the Roth is a denser account."


"> I didn't ask for those services or that infrastructure. That sounds painfully like the ""I didn't ask to be born"" argument. I am sure you are mature enough to realize that we don't get to choose where we are born, or what responsibility we inherit. I am sure there are millions of people born in third world countries who would feel for your horrible plight! > I can choose Crest toothpaste and you can still get Colgate. Ahh, but either exist without society and the stability of civilization? While Democracy and a Republic are imperfect, they are a sight better than a Theocracy or a monarchy. > they are literally saying I think you should be forced to live under their rule/my beliefs. Which is immoral. We can have the luxury of being able to talk about ""morality"" of govern and rule while living in civilized society. Kind of hard to imagine you making money on stock, when there is no infrastructure. > doesn't mean that without the military/DOD we wouldn't be where we are with drones. True. However, it is hard to deny that the military first developed drones. That argument is similar to listening to a trust fund baby tell you how they would be just as rich as they are now even if they hadn't inherited millions... Or that a Christian would still be a Christian even if he were born in Iran... Statistics tell us otherwise. > A lot of my income comes from trading stocks That is very cool, and something I find of interest. I want to get more into this, having made very small money with individual stocks. FNME after the crash, etc. Very simple stuff. I admire what you do. I though I don't think he is speaking about the same thing. The speculation he was talking about was guys like Goldman Sachs, etc., basically sold off bad assets and then bet against them. Not to mention the implicit selling of fraudulent mortgages. However, these are the options I believe he was referring. I do not remember reading about a blanket option policy, especially seeing as crucial they are to the commodities market."


That's how you get lesser quality employees generally and less service. Considering the median income in that town is 160k I imagine the government employees are not the affluent ones. Pretty embarrassing actually that a town with that type of demographic would have to cut labor and you know it would be political suicide when people expect a certain level of government service.


Man I'm hardly hipster but I dream of having a record collection. I stream all my music now, but there's something just nice about the idea of owning the album that brings you joy, even if you listen to it more on a streaming service.


Here is the technical guidance from the accounting standard FRS 23 (IAS 21) 'The Effects of Changes in Foreign Exchange Rates' which states: Exchange differences arising on the settlement of monetary items or on translating monetary items at rates different from those at which they were translated on initial recognition during the period or in previous financial statements shall be recognised in profit or loss in the period in which they arise. An example: You agree to sell a product for $100 to a customer at a certain date. You would record the sale of this product on that date at $100, converted at the current FX rate (lets say £1:$1 for ease) in your profit loss account as £100. The customer then pays you several $100 days later, at which point the FX rate has fallen to £0.5:$1 and you only receive £50. You would then have a realised loss of £50 due to exchange differences, and this is charged to your profit and loss account as a cost. Due to double entry bookkeeping the profit/loss on the FX difference is needed to balance the journals of the transaction. I think there is a little confusion as to what constitutes a (realised) profit/loss on exchange difference. In the example in your question, you are not making any loss when you convert the bitcoins to dollars, as there is no difference in the exchange rate between the point you convert them. Therefore you have not made either a profit or a loss. In terms of how this effects your tax position; you only pay tax on your profit and loss account. The example I give above is an instance where an exchange difference is recorded to the P&L. In your example, the value of your cash held is reflected in your balance sheet, as an asset, whatever its value is at the balance sheet date. Unfortunately, the value of the asset can rise/fall, but the only time where you will record a profit/loss on this (and therefore have an impact on tax) is if you sell the asset.


I'm telling you *my* experience, which I know well. I say I drive through occasionally, meaning 2 to 3 times a week depending on traffic on my commute to work. In no way did I attempt to explain *your* experience. The sidewalks are great were I live. The city I live in has a great public transportation system and goes to great lengths to provide and encourage the public to use it. This means that cross walks are abundant, sidewalks are clean (on the specific area I am talking about), and it isn't littered with garbage or broken glass. The way in which the public chooses to ignore this luxury is insane and risky. In order to shave a few minutes off of their walk they choose to risk their life and put their own bodies health in the hands of the several drivers around them. Their kids also do this, although kids aren't the best at personal awareness, which is why adult supervision is necessary and lacking in this area. I am speaking about my personal experience with this issue. I should have clarified that I don't mean to generalize for all areas in the US, however, I am sure my experience is not necessarily unique.


Why wouldn't they be? The reader is free after rebate, and sold in Walgreen's/Riteaid, etc. The site shows a fee of 2.75% which is comparable to what merchants are charged for card use. Not sure what other uses you're thinking of, but it's probably a good thing to have for a yard sale. From an article in Fast Company Magazine: The result was the Square reader, which launched a year ago and which allows just about anyone to set themselves up to take credit card payments. Even you. Planning a garage sale and want to enable people to pay for your gerbil cages and Shawn Cassidy LPs by credit card? No problem. Square's for you.


For the last month/two months I mentioned the tech bubble being over and one should expect sideways movement at best. I was down voted to an oblivion and called a moron. After that I just stopped commenting. Oh well, your loss.


You can D/K a trade if it is not confirmed in a timely manner. Also, UBS chose not to sell on the first day they waited hoping and got burned. So that first day loss argument doesn't stand here, it can't due to a technical error. My post states that it had to be a large holding for some time.


I closed an account with them for an unrelated reason (down payment brought account below minimum and I didn't want to switch types of accounts or pay a fee) and it was super easy. I was surprised at how quick the whole process was. That said, I didn't have a brokerage or even any CDs - just checking and savings and my automatic payments were tied to other bank acccounts.


That change is meaningless though, it's even detrimental. If you make a drug for a specific disease, and it doesn't work for that single one, you should be able to find something that it does work on. Otherwise* you are scrapping the drug and losing out on helping with any number* of other diseases.


Maybe he can see the now, and knows if something doesn't change then he's going to have to. I mean, I can safely say that if it doesn't get warm out then I'm going to have to put on a coat, because I'm cold now.