1) Yes, both of your scenarios would lead to earning $10 on the transaction, at the strike date. If you purchased both of them (call it Scenario 3), you would make $20. 2) As to why this transaction may not be possible, consider the following: The Call and Put pricing you describe may not be available. What you have actually created is called 'arbitrage' - 2 identical assets can be bought and sold at different prices, leading to a zero-risk gain for the investor. In the real marketplace, if an option to buy asset X in January cost $90, would an option to sell asset X in January provide $110? Without adding additional complexity about the features of asset x or the features of the options, buying a Call option is the same as selling a Put option [well, when selling a Put option you don't have the ability to choose whether the option is exercised, meaning buying options has value that selling options does not, but ignore that for a moment]. That means that you have arranged a marketplace where you would buy a Call option for only $90, but the seller of that same option would somehow receive $110. For added clarity, consider the following: What if, in your example, the future price ended up being $200? Then, you could exercise your call option, buying a share for $90, selling it for $200, making $110 profit. You would not exercise your put option, making your total profit $110. Now consider: What if, in your example, the future price ended up being $10? You would buy for $10, exercise your put option and sell for $110, making a profit of $100. You would not exercise your call option, making your total profit $100. This highlights that if your initial assumptions existed, you would earn money (at least $20, and at most, unlimited based on a skyrocketing price compared to your $90 put option) regardless of the future price. Therefore such a scenario would not exist in the initial pricing of the options. Now perhaps there is an initial fee involved with the options, where the buyer or seller pays extra money up-front, regardless of the future price. That is a different scenario, and gets into the actual nature of options, where investors will arrange multiple simultaneous transactions in order to limit risk and retain reward within a certain band of future prices. As pointed out by @Nick R, this fee would be very significant, for a call option which had a price set below the current price. Typically, options are sold 'out of the money' initially, which means that at the current share price (at the time the option is purchased), executing the option would lose you money. If you purchase an 'in the money' option, the transaction cost initially would by higher than any apparent gain you might have by immediately executing the option. For a more realistic Options example, assume that it costs $15 initially to buy either the Call option, or the Put option. In that case, after buying both options as listed in your scenarios you would earn a profit if the share price exceeded $120 [The $120 sale price less the $90 call option = $30, which is your total fee initially], or dropped below $80 [The $110 Put price less the $80 purchase price = $30]. This type of transaction implies that you expect the price to either swing up, or swing down, but not fall within the band between $80-$120. Perhaps you might do this if there was an upcoming election or other known event, which might be a failure or success, and you think the market has not properly accounted for either scenario in advance. I will leave further discussion on that topic [arranging options of different prices to create specific bands of profitability / loss] to another answer (or other questions which likely already exist on this site, or in fact, other resources), because it gets more complicated after that point, and is outside the root of your question.


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That's actually a really good idea... I might start getting like a hundred every payday or something. A friend of mine said that you can use cash machines that just use the current exchange rate with seemingly no commission... seems a bit too good to be true if you ask me


Ride a bicycle or walk for short trips (< 5mi–10mi, depending on your level of comfort). Nothing saves as much on car expenses as simply driving less.


Neither does he... Opinions like that are why people hate the insurance companies. There is absolutely no insurance company who sets out to cover negligence unless it's government mandated... I'd love to hear examples. And I know there are crazy one off situations, where you can prove me wrong, but no company or industry could survive specifically to cover negligence, if there were, the premiums wouldn't make it logical.


"Research on drugs should be publicly funded in universities. The private sector only invests when the ""hard work"" has been done. The internet it's a good example.. massive public funding in the beginning, when there were profits to be made, suddenly the private sector woke up.. the researchers that work in those pharma companies were mostly trained and educated in top universities with a mix of their tuition fees and public money. Then the pharma companies hire them and make billions off of their knowledge. Fuck that. Universities should do the research, own the patent, price it fairly according to a public/Democratic decision, and let any compan y produce the drug, competing on how efficiently it can produce it. Besides, there is too much of a vested interest for making profit for private pharma, so they continuously push drugs that are detrimental to society like opioids. Only the public sector can ""afford"" to loose money in dead end research and make up for it later."


In the US, you would probably look at a certificate of deposit (CD). I imagine there is a similar financial product in the UK, but don't know first hand. I think it is wise to be risk averse in this situation, but be aware that your interest rate will be dismal for guaranteed returns.


In Trader Joe's case, I'm not sure the quality is any lower. Trader Joe's whole business model is to have a top quality store brand and only sell that. Customers are happy because their store brand is really good. Trader Joe's margins are better because it's a store brand and their inventory costs are lower because they don't have several similar things.


The only reason bands sign on for Ticketmaster sponsored tours is for guaranteed money. You may like the band, but they know exactly what they're getting into. It is absolutely possible to watch a band at a respectable venue without Ticketmaster being involved.


I have researched this question extensively in previous years as we have notoriously high taxes in California, while neighboring a state that has zero corporate income tax and personal income tax. Many have attempted pull a fast one on the California taxation authorities, the Franchise Tax Board, by incorporating in Nevada or attempting to declare full-year residence in the Silver State. This is basically just asking for an audit, however. California religiously examines taxpayers with any evidence of having presence in California. If they deem you to be a resident in California, and they likely will based on the fact that you live in California (physical presence), you will be subject to taxation on your worldwide income. You could incorporate in Nevada or Bangladesh, and California will still levy its taxation on any business income (Single Member LLCs are disregarded as separate corporate entities, but still taxed at ordinary income rates on the personal income tax basis). To make things worse, if California examines your Single Member LLC and finds that it is doing business in California, based on the fact that its sole owner is based in California all year long, you could feasibly end up with additional penalties for having neglected to file your LLC in California (California LLCs are considered domestic, and only file in California unless they wish to do business in other states; Nevada LLCs are considered foreign to California, requiring the owner to file a domestic LLC organization in Nevada and then a foreign LLC organization in California, which still gets hit with the minimum $800 franchise fee because it is a foreign LLC doing business in California). Evading any filing responsibility in California is not advisable. FTB consistently researches LLCs, S-Corporations and the like to determine whether they've been organized out-of-state but still principally operated in California, thus having a tax nexus with California and the subsequent requirement to be filed in California and taxed by California. No one likes paying taxes, and no one wants to get hit with franchise fees, especially when one is starting a new venture and that minimum $800 assessment seems excessive (in other words, you could have a company that earns nothing, zero, zip, nada, and still has to pay the $800 minimum fee), but the consequences of shirking tax laws and filing requirements will make the franchise fee seem trivial in comparison. If you're committed to living in California and desire to organize an LLC or S-Corp, you must file with the state of California, either as a domestic corporation/LLC or foreign corporation/LLC doing business in California. The only alternatives are being a sole proprietor (unincorporated), or leaving the state of California altogether. Not what you wanted to hear I'm sure, but that's the law.


I understand your skepticism and only wanting to deal with cold hard facts. You are correct I never worked there. I was however scheduled to fly to Seattle and interview with them, had the airline ticket in hand. I cancelled the interview a couple days before I was scheduled to depart. A cursory search concerning their corporate environment indicated that working for them would an unfulfilling experience. The reviews by both current and ex employees paint a fairly consistent picture. Unlike, say Google where most people love to work, Amazon is consistently painted as an extremely stressful work environment.


Understandably, it appears as if one must construct the flows oneself because of the work involved to include every loan variation. First, it would be best to distinguish between cash and accrued, otherwise known as the economic, costs. The cash cost is, as you've identified, the payment. This is a reality for cash management, and it's wise that you wish to track it. However, by accruals, the only economic cost involved in the payment is the interest. The reason is because the rest of the payment flows from one form of asset to another, so if out of a $1,000 payment, $100 is principal repayment, you have merely traded $100 of cash for $100 of house. The cash costs will be accounted for on the cash flow statement while the accrued or economic costs will be accounted on the income statement. It appears as if you've accounted for this properly. However, for the resolution that you desire, the accounts must first flow through the income statement followed next instead of directly from assets to liabilities. This is where you can get a sense of the true costs of the home. To get better accrual resolution, credit cash and debit mortgage interest expense & principal repayment. Book the mortgage interest expense on the income statement and then cancel the principal repayment account with the loan account. The principal repayment should not be treated as an expense; however, the cash payment that pays down the mortgage balance should be booked so that it will appear on the cash flow statement. Because you weren't doing this before, and you were debiting the entire payment off of the loan, you should probably notice your booked loan account diverging from the actual. This proper booking will resolve that. When you are comfortable with booking the payments, you can book unrealized gains and losses by marking the house to market in this statement to get a better understanding of your financial position. The cash flow statement with proper bookings should show how the cash has flowed, so if it is according to standards, household operations should show a positive flow from labor/investments less the amount of interest expense while financing will show a negative flow from principal repayment. Investing due to the home should show no change due to mortgage payments because the house has already been acquired, thus there was a large outflow when cash was paid to acquire the home. The program should give some way to classify accounts so that they are either operational, investing, or financing. All income & expenses are operational. All investments such as equities, credit assets, and the home are investing. All liabilities are financing. To book the installment payment $X which consists of $Y in interest and $Z in principal: To resolve the reduction in principal: As long as the accounts are properly classified, GnuCash probably does the rest for you, but if not, to resolve the expense: Finally, net income is resolved: My guess is that GnuCash derives the cash flow statement indirectly, but you can do the entry by simply: In this case, it happily resembles the first accrued entry, but with cash, that's all that is necessary by the direct method.


Your right. The argument is, it's already dickered, so now we need to come up with something better. National ID is what's on the table. SSN has been used that way because there was a need for a national ID but everyone opposed it so vehemently and it bit us in the ass. Now here we are with a mass ID theft because we didn't address the problem when we should have.


When using a debit card there are two limits that may be imposed on the use: the current balance and the maximum daily limit. If the banking institution limits your daily usage that may mean that on a particular day you may not be able to make a large purchase, even though you have money in the bank. Otherwise as long as you have funds in the account linked to the debit card you can make the transaction. The catch is that as soon as the transaction is sent to the bank one of two things happens: the money is immediately deducted from the account; or a hold equal to the the amount of the transaction is placed on the account. A hold is generally used when the transaction is done in two parts: the pre-scan at a restaurant, or gas station. The hold reduces the amount of available funds in the account. A hold or an immediate deduction limits the size of future transactions. To be able to make larger transactions you need to transfer more money into the account. There is no debit card transaction that you can do to artificially allow a larger transaction, unless the bank is not placing a hold or doing an immediate deduction. Because a debit card is linked to a bank account, some accounts have overdraft protection. This protection comes in two forms: they either transfer your money from another account, or they make a loan. Either way there can be costs involved.


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Car rental agencies typically accept only credit cards for the rental (you can pay at the end with debit, but the securing during the rental must be a credit card - or a high cash deposit). Hotel advance-bookings - even if many months in the future - will work fine with a credit card, but - as explained by others - on a debit card, it would directly affect your cash flow (you basically have to prepay instead of just leave the credit card number on file. The same is sometimes true for other advance booking, like cruises, tours, etc.


If you have the money and the determination to pay off all the cards in six months, then the order will make little difference to your credit score, and to your finances. If you had less money available (say you could pay off $500 a month in total), then it would be good for financial reasons to pay off the credit card with the highest interest rate first, so you pay less interest. It would be good for psychological reasons to pay the card with the smallest amount first (so you feel successful quickly, and some people need that feeling of success to continue paying off, just psychological). And if these things contradict each other, figure out what is more important. And whatever you do, paying back your debt is better than not paying it back. So if you can't make up your mind, then you pay #1, then #2, then #3, then #4, then #5.


To make this more general: should you save for retirement or for education? The answer is simple: save for your education first. A PriceWaterhouseCoopers report on behalf Universities UK in 2006 and another by the Washington-based College Board in 2007 indicate that graduates of higher education can earn anywhere from $400,000 to $1 million more, after tax and education loans are paid, than do those who start work with only a high-school qualification. [From my blog...] Over your lifetime your higher education will earn you far more than any other income and investments you forego while attaining that education. Make those sacrifices now to reap greater rewards later.


Yeah, I had a guy one time send me 6 faxes in the span of 2 days - along with 6 followup calls, of course. We had a double-your-money-back guarantee at the time and even with that, it was just easier to refund the $200 than to keep dealing with him.


Just to be clear, it is Chapter 11. They are only restructuring their debt, not closing down. Every store is still open and will continue to be for a while. Things are not necessarily clear skies for them, but they definitely aren't going under yet


Maybe minimalism is an option for you. Make your self clear what you really want You only buy what you really need and for that you spend the money. Then there is no point of saving money, i.e. I for example like to invite friends and cook them some fancy diner with expensive products, but the value I get from that exceeds any money I spend. On the other hand most present are the opposite, they have less value to recipient than what they originally have costs.


"There are a lot of things that go into your credit score, but the following steps are core to building it: Now, in your case, you obviously have some flexibility in your monthly budget since you're considering paying down your college loan faster. You have to weigh whether it would be better to pay off the loan that much faster, or just save the money towards buying the car. If you can pile up enough cash to buy the car (and still leave yourself an emergency fund) it would be better to buy the car than add another interest payment. As other answers have noted, you don't want to get in a situation where you have no cash for ""unexpected events"". Some links of interest:"


"It is precisely this kind of oversimplification that makes me laugh. I run a startup (well in it for more than 4 years now) and finding programmers is a grind. Yes we get some resumes, most could barely type, let alone write some decent code. As for paying ""higher salaries"", sure I wish I could pay $1MM starting salaries, yachts, and 3 months off and all that....you know how this ends. If you wish to checkout the fact yourself, stop parroting the Lou Dobbs line and start your own company or go work for a startup. Ye shall see."


I agree. The article points to tablets and smartphones being used as gaming devices. That changed Zynga's activity from 9 million users to 5 million users? No way! And Draw Something's huge decline in popularity over a month? Yeah, right.


You seem to underestimate the risk of this deal for the inverstors. A person purchasing a residence is happy to pay $70K instead of $150K now, and the only risk they take is that the construction company fails to build the condo. Whatever happens on the estate market in two years, they still saved the price difference between the price of complete apartments and to-be-build apartments (which by the way may be less than $150K-$70K, since that $150K is the price on a hot market in two years). However, an investor aiming to earn money counts on that the property will actually cost $150K in two years, so he's additionally taking the risk that the estate market may drop. Should that happen, their return on investment will be considerably lower, and it's entirely possible they will make a loss instead of a profit. At this point, this becomes yet another high risk investment option, like financing a startup.


Ah you may be right. But I checked genealogy sites that appear to check out, I figured it was David A Knopf's son. But then that NYT link... um no. Not unless he was previously married. Well now we better do something about the depressed guy who feels like a failure at 29.


There are a lot of open questions about if this is your only accessible money or if you have other emergency funds, and if you have any retirements savings and when do you plan to retire, but leaving this all aside: You currently pay 2.65% on the mortgage, and you make less on savings (maybe 1 or 1.5%). So putting the savings into the mortgage makes you the difference, which is a good deal. However, you need to reflect this with your risk-averisty, and your long term goals, and look at potential even better deals. For example, you could put the savings into higher risk/higher gain investments (let’s assume index funds), and make 6 - 10% per year in average. That obviously is a lot more. Why would you not want to do that? Investing like this is a long term plan. If this is your only savings/emergency fund, or if you need the money within the next five years, you should not do it; it could catch you in a bad market situation, and then it might be a severe loss. If you are sure you don’t need it for at least five if not ten years, invest it and keep the mortgage, you will easily beat its interest rate. If you are risk-averse, and can’t sleep with your savings doing loopings while you watch, that is also not a plan for you. There are many things to consider, and your personal situation is relevant for the decision. Consider all options, and be sure to always have a emergency fund remaining. It is also not black and white - there are options in between of your two propositions - pay some in, and keep some for emergencies.


If you are still a UK resident, then yes. Also, as I understand it, if the contract is only for a year, then unless it happens to exactly match the payroll year, you will have to remain a UK resident and hence, yes you will have to pay tax. See here for more info (from HMRC FAQ questions)


Unless your video does very well, it's unlikely that your income from it will exceed your expenses incurred in making it, such as the purchase prices of your computer and video camera and the cost of your broadband connection, so there shouldn't be any tax to pay.


Ah, you're one of those people that want to pay to do literally everything in life. All regulations gone and safety be damned! Every road is a pay road, the fire department only comes when paid ahead of time, and police protection means hiring thugs as bodyguards. Basically you want Ancient Rome, pre Octavius.


Oh, yeah. I'd definitely take an ax to the military; I made a note in my other post that the military has thus far remained unscathed by spending cuts, so I think that's a logical place to start cutting. That, and taking a look at Social Security and Medicare to see if we can _streamline_ the programs and make them more efficient rather than just taking their funding away. Those two programs cost us a shitload of money; but, as they're nearly universally loved, it makes sense to figure out how to make them more efficient.


Yes, that is correct. Note, when there is a tax treaty between Canada and the other country -- [which is pretty much anywhere you have active business](http://www.fin.gc.ca/treaties-conventions/in_force--eng.asp) -- the tax credits are equal to the income received, making it tax free. Here is a better explanation: > The greatest advantage of having a foreign affiliate in the international business setting is to repatriate foreign profits back to Canada tax free under certain conditions, for example, if a foreign affiliate carries on an active business in a designated treaty country (i.e. a country with which Canada has a tax treaty). The after-tax profit is included in a pool called “exempt surplus”. If the repatriation of profit in the form of dividend was paid out of the “exempt surplus” pool to a Canadian corporate shareholder, such dividend is included in its income and the same amount is allowed to be deducted in computing its taxable income. In other words, the dividend is not subject to Canadian tax if received by a Canadian corporate shareholder. [Source, p3](http://www.canadataxplan.com/test/canadataxplan/files/Book%20-%20English_summary_12-22-2008.pdf) Edit... here from the NRC site: > Treaty Countries: **Active business income earned in a treaty country is classified as “exempt surplus.”** The exempt surplus of an FA also includes inter-affiliate dividends received out of the exempt surplus of other foreign affiliates, the exempt portion (25%) of all capital gains, and certain taxable capital gains. **Dividends paid out of the exempt surplus of an FA can be received free of additional taxes in Canada**, since the profits out of which they are paid are considered to have borne a rate of tax in the treaty country comparable to that of Canada. [Source](http://www.nrcan.gc.ca/mining-materials/taxation/8880) see the section on Subsidiary Income. This is the reason BK is moving to Canada. [Also here is a very interesting deck on corporate tax minimization in latin america by the Canadian mining industry.](http://miningtaxcanada.com/wp-content/uploads/2010/05/TOR01-5160395-v1-RMLF_Cartagena_Slides.pdf)


Minimizing tracking error and offering good redemption liquidity is the priority. A few concerns off the top of my head are entrants and exits of the S&P 500. Vanguard needs to dump a good amount of one stock quickly and purchase another big stake simultaneously. Everyone also knows that the large orders are coming so trying to do it efficiently is one challenge. When a company in the S&P 500 spins off a stock as a dividend, you could be holding on to a bunch of shares in a new stock that you need to get rid off. Again, a lot of selling at once, need to keep costs of that low.


Your description works except for HBO. HBO isn't included in any bundling because they don't have any advertising. Their only source of revenue is consumers paying them for their content either through subscriptions. Thats why you've seen HBO be very aggressive in DVD publishing and online offerings compared to other channels. I think that in their heart of hearts, HBO's management would very much like to sell directly to the consumer through some sort of digital market place and cut out the cable middle man. Unfortunatly most of their revenue still comes from cable subscriptions, and they can't risk pissing off their business partners by going directly to consumers.


">>If you bothered to do any sort of research you'd realize that for the scope of its mission If *you* bothered, you'd know that the SEC lets the big guys off with a slap on the wrist while destroying the little guys. >I have no idea what you are going on about. Try to stay on topic. Why don't *you* try to pay attention? >please re-examine your exremely demented Libertarian ideals Please re-examine your violence based statist dementia. >If you like roads, water, street lights, and not getting butt-raped b/c the police rescued you, then you like State Sales tax; you just don't know it yet. What a bullshit canard. Do you have any idea how ridiculous you sound? Because government *makes* water, right? Because nobody could build a road without the government? Because the government invented lights? Because security forces only exist if they are funded by taxation? >And of course it's their right. WTF. *Persons* have rights. States do not. >please explain how you relate a person dying to an Exchange being stable & trustworthy? Business failure is a market equivalent to an organism's death. Imagine if we ensured that persons never died, and continued to be employed by their historical activities. How would society grow and evolve? >Stability by Change. OK, now I'm pretty sure you are drunk. Geez, it's the middle of the day. ""Stability by change""? Stability requires stability, not change. I'm embarrassed to even be responding to this right now. ""Duh, I can't be bothered to understand something, so I'll ridicule the person who wrote it and slander them."""


Understanding your starting place makes everything clearer. What skills do you have? What experience? What resources? What people who can help you? What's your motivation to start this specific business? Have you seen any similar businesses that you'd like to imitate?


"I think the issue you are having is that the option value is not a ""flow"" but rather a liability that changes value over time. It is best to illustrate with a balance sheet. The $33 dollars would be the premium net of expense that you would receive from your brokerage for having shorted the options. This would be your asset. The liability is the right for the option owner (the person you sold it to) to exercise and purchase stock at a fixed price. At the moment you sold it, the ""Marked To Market"" (MTM) value of that option is $40. Hence you are at a net account value of $33-$40= $-7 which is the commission. Over time, as the price of that option changes the value of your account is simply $33 - 2*(option price)*(100) since each option contract is for 100 shares. In your example above, this implies that the option price is 20 cents. So if I were to redo the chart it would look like this If the next day the option value goes to 21 cents, your liability would now be 2*(0.21)*(100) = $42 dollars. In a sense, 2 dollars have been ""debited"" from your account to cover your potential liability. Since you also own the stock there will be a credit from that line item (not shown). At the expiry of your option, since you are selling covered calls, if you were to be exercised on, the loss on the option and the gain on the shares you own will net off. The final cost basis of the shares you sold will be adjusted by the premium you've received. You will simply be selling your shares at strike + premium per share (0.20 cents in this example)"


"There are some tools that might help you. For example, I have an ""Expense It"" application on my iPhone, where I can type in a purchase while still at the cashier, the idea is to track expenses on a trip, but the implementation will suit your needs perfectly. Keeping slips is a way to go too, but I personally don't like that because I'm a messy person and after a couple of days all the receipts are gone. If you can keep track of tons of slips - you can just do that."


"Who are the losers going to be? If you can tell me for certain which firms will do worst in a bear market and can time it so that this information is not already priced into the market then you can make money. If not don't try. In a bull market stocks tend to act ""normally"" with established patterns such as correlations acting as expected and stocks more or less pricing to their fundamentals. In a bear market fear tends to overrule all of those things. You get large drops on relatively minor bad news and modest rallies on even the best news which results in stocks being undervalued against their fundamentals. In the crash itself it is quite easy to make money shorting. In an environment where stocks are undervalued, such as a bear market, you run the risk that your short, no matter how sure you are that the stock will fall, is seen as being undervalued and will rise. In fact your selling of a ""losing"" stock might cause it to hit levels where value investors already have limits set. This could bring a LOT of buyers into the market. Due to the fact that correlations break down creating portfolios with the correct risk level, which is what funds are required to do not only by their contracts but also by law to an extent, is extremely difficult. Risk management (keeping all kinds to within certain bounds) is one of the most difficult parts of a manager's job and is even difficult in abnormal market conditions. In the long run (definitions may vary) stock prices in general go up (for those companies who aren't bankrupted at least) so shorting in a bear market is not a long term strategy either and will not produce long term returns on capital. In addition to this risk you run the risk that your counterparty (such as Lehman brothers?) will file for bankruptcy and you won't be able to cover the position before the lender wants you to repay their stock to them landing you in even more problems."


In many (most?) cases, luxury cars are leased rather than purchased, so the payments on even an expensive car might not be as high as you'd expect. For simplicity, take a $100,000 car. If you were to buy that in cash or do a standard five-year auto loan, that would be incredibly expensive for all but the wealthiest of people. But a lease is different. When you lease a car, you are financing the car's depreciation over the lease term. So, let's suppose that you're signing up for a three-year lease. The car manufacturer will make an estimate of what that car will be worth when you bring it back in three years (this is called the residual value). If this number is $80,000, that means the lessee is only financing the $20,000 difference between the car's price and its residual value after three years - rather than the full $100,000 MSRP. At the end of the lease, he or she just turns the car back in. Luxury cars are actually especially amenable to leasing because they have excellent brand power - just because of the name on the hood, there are many people who would be happy to pay a lot for a three-year-old Mercedes or BMW. With a mid- or low-range car, the brand is not as powerful and used cars consequentially have a lower residual value (as a percentage of the MSRP) than luxury cars. So, don't look at an $80,000 luxury car and assume that the owner has paying for the entire $80,000.


The thing is, being litigious is probably a very positive indicator. It means that people have faith that courts can actually give beneficial outcomes. If the typical litigant believed the fix was already in for the person who had succeeded outside the court, he wouldn't bother to sue.


"In Britain it's standard practice to use an electronic bank transfer, otherwise known as a ""standing order"" for the monthly rent payment. Many letting agents insist on it here in Britain. It's rare to hear of fraud. It is possible to setup a Direct Debit with the account numbers, as happened in a famous case where Jeremy Clarkson claimed losing account numbers wasn't a problem. If a direct debit is taken from your account, then you are protected by the the Direct Debit guarantee which means that you get a full and immediate refund if there is any fraud or unexpected payments spotted. Some landlords, particularly of bedsits accept plain old cash, however that's not recommended as there is no trace of it being paid, which could lead to legal disputes."


"IANAL, but no, this is not sound legal advice. There are a few things that stick out to me as fishy. First off: you are calculating the 3% safe-harbor on the 2017 compensation limit of $270k, but limiting yourself to $53k in total contributions which is the 2016 limit. It's hard to tell what tax year you're working in here. If you're planning for 2017, fine, but if you're wrapping up 2016 then you need to use 2016 limits. Secondly (and this is something I think your counsel should know already): you don't take Employer contributions out of gross wages (box 1) on the W-2. They aren't even reported there in the first place! With your base scenario the 2 employees' W-2s would look like this: Employee A's W-2 Gross Wages (box 1) = 280,000 - 14,966.67 = 265,033.33 Employee B's W-2 Gross Wages (box 1) = 280,000 - 0 = 280,000 Elective deferrals are the only thing that should come out of wages. Not the SH 3% or Match. Thirdly: Retirement Plan expenses really aren't an ""above the line"" expense. They are not included in cost of goods sold. Even if you establish a ""pool"" for that expense, it's still not a direct cost attributable to the production of whatever your company sells. Also: Employee B should not have to contribute to the retirement account of Employee A! The only situation I can see where Employee A and B would be required to fund the match equally, were if Employee A & B are both 50% owners and the company has no funds of its own with which to fund the match. The company has obligated itself to fund the match, and if the company doesn't have any money then the money still has to come from somewhere (ie. the owners pony up more funds for the match they promised their employees, it just happens that the employees are also the owners). Even in this situation though, I still stand behind my first 3 points."


No, they are not recession proof. Assume several companies, that issued bonds in the fund, go bankrupt. Those bonds could be worthless, they could miss principle payments, or they could be restructured. All would mean a decline in value. When the economy shrinks (which is what a recession is) how does the Fed respond? By lowering interest rates. This makes current bonds more valuable as presumably they were issued at a higher rate, thus the recession proof prejudice. However, there is nothing to stop a company (in good financial shape) from issuing more bonds to pay the par value on high-interest bonds, thus refinancing their debt. Sort of like how the bank feels when one refinances the mortgage for a lower rate. The thing that troubles me the most is that rates have been low for a long time. What happens if we have a recession now? How does the Fed fix it? I am not sure exactly what the fallout would be, but it could be significant. If you are troubled, you should look for sectors that would be hurt and helped by a Trump-induced recession. Move money away from those that will be hurt. Typically aggressive growth companies are hurt (during recessions), so you may want to move money away from them. Typically established blue chip companies fare okay in a recession so you may want to move money toward them. Move some money to cash, and perhaps some towards bonds. All that being said, I'd keep some money in things like aggressive growth in case you are wrong.


Crap read. The title is “...make money WITH your startup.. ”. More than half talk about how to make money on the side and have nothing to do with your startup. The title should be “how to make money on the side because your shitty startup isn’t cutting it and you can’t let go”. Also doing things like asking for donations isn’t “making” money.


"Easiest thing ever. In fact, 99% of people are loosing money. If you perform worse then 10% annually in cash (average over 5-10 years), then you better never even think about trading/investing. Most people are sitting at 0%..-5% annually. They win some, loose some, and are being outrun by inflation and commissions. In fact, fall of market is not a big deal, stock indexes are often jump back in a few months. If you rebalance properly, it is mitigated. Your much bigger enemy is inflation. If you think inflation is small, look at gold price over past 20 years. Some people, Winners at first, grow to +10%, get too relaxed and start to grow already lost position. That one loose trade eats 10% of their portfolio. Only there that people realize they should cut it off, when they already lost their profits. And they start again with +0%. This is hard thing to accept, but most of people are not made for that type of business. Even worse, they think ""if I had bigger budget, I would perform better"", which is kind of self-lie."


Only 20, and going through university This is an important question to ask yourself. Your earnings are 0 and will remain so, unless you start working. Are you willing to halve your money, if the markets tank after you put in your money ? Mostly good investors will buy some more, if they know the stocks they have picked are good. Considering that you have no income you will loose out on it. If you are graduating soon, it might make sense to start investing but it should be reliant on the fact on how quickly you will land a job. I would suggest stay put in the ISA for the time being. Check out if you might get a higher rate of interest if possible and transfer there. Check out Moneysupermarket . Don't blindly put money in a ISA, see if you are getting the best deal in the market. And one thing, interest on ISA is calculated daily.


In an accounting position, a domain name would fall under an intangible asset. Copyrights and patents are intangible, while tangible assets would be buildings or land (also known as property, plant, and equipment). Noting above, you can list it as an expense for personal reasons, but that would be poor classification. Tangible and intangible assets come with expenses such as legal fees and design. In these instances, you would expense the cost, or fee, but add back that value to the tangible or intangible as it would be considered maintenance. Please read here for tax treatment of a domain name. Please read here for what an intangible asset is. Also read here on page 11 for more clarification by IFRS.


Isn't that uncommon in small business financing/investing. You can structure your capital anyway you wish (relatively speaking). It starts as an equity investment with an option for the founder to buy back equity. Then there is an 8% dividend payment that takes a similar form to preferred stock.


http://springhillgroupcounselling.com/general-counselling/ What should I expect from therapy? You should expect one or a series of confidential appointments of up to an hour in length in a suitable professional setting. The process should also provide you with the opportunity to: make sense of your individual circumstances have contact with a therapist who will help identify the choices for change feel supported during the process of change reach a point where you are better equipped to cope with the future Is counselling and psychotherapy confidential? Everything you discuss is confidential between you and the counsellor or psychotherapist. There can be certain legal exceptions and the practitioner should clarify this with you prior to the establishment of any agreed contract for working. You may have specific queries about confidentiality depending on the format of the therapy. For example, with online counselling, you may wish to ask the following questions to your therapist: Are the notes from therapy protected by passwords and encrypted? Are printouts held in a secure cabinet? What happens when there are technical problems? Should my therapist carry liability insurance? Professional liability insurance is not currently a legal requirement. However, a number of professional associations, strongly recommend that therapists take out appropriate insurance coverage. Examples of insurance policies which a therapist might have are professional indemnity, public and products liability, libel and slander to name a few. It is suggested that you check your therapist has appropriate and adequate insurance in place before engaging their services. If you are unsure then you should consult an insurance professional or a legal expert for further guidance. The insurance is not only intended to protect the therapist but offer peace of mind that if something should go wrong, there are funds in place to compensate you in such an event. For further information you may find the British Insurance Brokers’ Association website useful. Author: Towergate Professional Risks


I hate to say it but it sounds like Chase sent the money to the right account, but you entered the wrong number. I'm not terribly well versed in Chase's terms of service but I'd say you're probably on your own. With that said, the person who received the money has done nothing for it and legally should return it. Obviously it's difficult to trace a phone number to a name and/or address but if you were able to match the person I'd imagine a stern letter on a legal letter head would be enough to have the person return the money.


Using household income makes sense, as you would hardly expect differences in standard of living for members of the same household. True, more people in a family will mean more expenses, but not proportionally so. For a typical family of four, it wouldn't really matter if one or both parents contributed towards the household income.


"I gather from your mention of ""stamp duty"" that you're in Britain? I'm only familiar with US cards, but for them I can't see that there is any reason (other than a lack of self-discipline) not to use a credit card wherever possible, especially these days. 1) There are plenty of cards with no annual fee. 2) You get anywhere from 1-5% discount/cash back on purchases. 3) Many will give you sign-up bonuses, and a year or more of zero interest. (So you put that money in your investment account, and odds are you make a profit on it.) 4) Even after the introductory 0% interest period, you get on average about a month of 0% interest between purchase and due date, during which period the money can be earning interest for you. I've made a good many thousands of dollars over the years doing this. Again, the only drawback I can see is that you may not have the self-discipline to pay off the accounts before they start charging interest."


I read GoDaddy's explanation on SOFA on their site. Let me say, it's terrible and any undergrad could have written that. The person who wrote that throws everything she has at the issue -- hoping one of the explanation will convince you. I mean -- since when does GoDaddy care about old ladies being scammed on pharmaceutical drugs? Seems fishy. Also, the woman brags about how Go Daddy is influential in several bills on the Hill, and SOPA is one of them. She is clearly a attention seeking lawyer. Disgusting.


If you have doubts about the long term prospects at your employer or jobs in your area, you may want to keep the option of moving to find a new job open while you save up for a larger down payment on a house. While there are insurance products out there that claim to cover your mortgage, they often have loopholes which make them difficult to collect on. Insurance companies are in business to make money and premiums are high when it's likely that people will try to collect. Splitting those premiums into your mortgage and your own self-insured unemployment fund (i.e. an emergency fund in a money market bank account) will usually be a better deal. As always, make sure you have term life insurance for a family and long term disability insurance just in case something really bad happens in the near term. Buying a home is a better financial decision when you know you'll be in an area for at least 5 years. Saving until you have 20% down on place that you can afford to pay off in 15 years (even if you take a 30 year loan) will be a lot cheaper and less stressful.


"Prices reflect all available information. (Efficient markets hypothesis) A lot can happen between the time a stock closes on one day and opens on another. Particularly in a heavily traded stock such as IBM. Basically, you have a different ""information set"" the following day, which implies a different price. The instances where you are most likely to have a stock where the price opens at the same price is at the previous close is a thinly traded stock on which you have little information, meaning that the ""information set"" changes less from day to day."


Idiots. Do they not understand things like recessions and booms? In less than a year, we could have people shelling out hundreds, if not thousands, of dollars to cover healthcare and eating out will be one of the first things cut from budgets.


This is so over sold. Just another pie in the sky Kickstarter fake video. There is no way that you can get the precision from a router, as they are showing here, from following a screen using just your hands and arms. It would still be very sloppy. I doubt you could stay within 1/8 inch tolerance. No way you can make puzzle pieces fit like that. As a user of many routers, this is total bullshit.


"I'm no accounting expert, but I've never heard of anyone using a separate account to track outstanding checks. Instead, the software I use (GnuCash) uses a ""reconciled"" flag on each transaction. This has 3 states: n: new transaction (the bank doesn't know about it yet), c: cleared transaction (the bank deducted the money), and y: reconciled transaction (the transaction has appeared on a bank statement). The account status line includes a Cleared balance (which should be how much is in your bank account right now), a Reconciled balance (which is how much your last bank statement said you had), and a Present balance (which is how much you'll have after your outstanding checks clear). I believe most accounting packages have a similar feature."


In addition to the 10%/7.5% limitation mentioned in the answer by mgkrebbs (which means that very few people can take advantage of the deduction), itemized deductions reduce taxes only when the total of all the itemized deductions exceeds the standard deduction available to the taxpayer. People with mortgaged homes have a leg up on this because they can include the mortgage interest and property taxes on Schedule A whereas those who rent their living space cannot. In other words, not having sufficient other itemized deductions can make the really ill person with medical bills large enough to exceed the 10% limitation suffer the double whammy of not getting a tax reduction for any part of the huge medical expense.


For the first case to occur, you need to have an agreement in place with the bank, this is called overdraft protection. It's done at a cost, but cheaper than the potential series of bounce fees. I've never heard of the second choice, partial payment. That's not to say that it's not possible. The payment not made is called a bounced check, you and the recipient will be harmed a fee. I believe it's a felony to write bad checks. Good to not write a check unless there's a positive balance taking that check into account. As Dilip suggests, ask your bank.


"Cool, I misinterpreted your ""sounds bizarre"" comment. I'm Canadian from a farming background. There is still a massive sense of betrayal here when in the late 90s the US/Canada/EU agreed to lower subsidies but only Canada did, while the US and EU raised them. Look at the [Common Agricultural Policy](https://en.wikipedia.org/wiki/Common_Agricultural_Policy)."


From a business point of view, I agree. From the customer's point of view, I don't because 1) some smaller businesses do care about BBB status even if it means nothing on a legal front and 2) it creates a digital paper trail if it comes up in small claims. On point 2, it shows that you attempted to solve the problem before taking it up to the courts and it documents your complaint better since it was closer to the time of the conflict between you and the business.


A chassis may appear to be known as a landing gear for a type of aircraft. This is mainly used for landing or starting. But when it comes to landing planes, it makes use of landing and launch. It's like a bird that wants to stretch its legs in a high-end sky. This applies in a manner similar to the RC world. The chassis is specially designed to support balanced RC.


You'll be fine, fella. An AAT qualification is always useful. Should be able to do it quite easily, and understanding how books can be fiddled is a good idea. There was a book on it: accounting for growth. Don't knock accounting, you need to know how a balance sheet and p&l can be frigged. AAT (accounting technician) gives you that with a couple of months study. There is a huge amount of cock waving and testosterone around. They play very hard and work to death. We used to make two-way prices on how long a trader's marriage would last; probably a bit more tame now.


The way I usually make this decision is to answer the following question: Do I think that I can earn a better return on my savings than the interest rate I would get on the loan? Yes= Get a loan No= Use the savings If you have your savings in a fixed income investment like a CD or bond, then it is just simple math to answer the question, for more volatile investments like stocks you just have to make an educated guess based on the direction of the markets and past performance.


Your local friendly mod here. I've been trying to quality-control by removing the most egregious of zerohedge posts. Please use the report button whenever you can - it really helps us notice posts that may be inflammatory/sensationalist! What/Who do you define as scholarly? Or maybe - who do we don't regard as genuinely finance-y? Maybe we can start with a list of sites that are banned/frowned upon.


There are thousands of processors. But I explicitly mentioned the customer experience, which is completely different and no matter how much you want your industry experience to matter for that, it doesn't affect it. This you did not read and comprehend. Could you clarify for me how VISA/MasterCard managed to block a merchant, who presumably wasn't a direct customer (but instead a payment processor customer), but cannot block a card holder? (yes, this is an honest question) > Visa and Mastercard prohibited payments to Wikileaks on the basis of WL allegedly facilitating illegal activity. How is that relevant to what PayPal's doing? The WikiLeaks blockade was clearly political. What makes you say otherwise? And this is political. > No one is unable to accept payments if they're barred from PayPal. In this case, yes. So who is morally and/or legally responsible when everyone does the same thing?


That's not especially high income, and while I can't speak for Canadians, most of us south of the border just pay the tax. There are tax-advantged retirement savings plans, and charitable donations are often offset by a tax credit, and there are some tax incentives for mortgages, and so on.. but generally the right answer is to just accept that the income tax money was never yours to begin with.


During the hyperinflation of the Wiermer republic, corporate stocks and convertible bonds were thought second only to the species (gold, silver etc) as the only secure currencies. As Milton Friedman proved, inflation is caused solely by the monetary token supply increasing faster than productivity. In the past, days of species of currency, it was caused by governments debasing the currency e.g. streatching the same amount of silver in 50 coins to 100 coins. Sudden increases in the supply of precious metals can also trigger it. The various gold rushes in 19th century and later, improvements in extraction methods caused bouts of inflation. Most famously, the huge amounts of silver the Spanish extracted from the New World mines, devastated the European economy with high inflation. Governments use inflation as a form of stealth flat tax. Money functions as an Abstract Universal Trade Good and it obeys all the rules of supply and demand. If the supply of money goes up suddenly, then its value drops in relation to real goods and service. But that drop in value doesn't occur instantly, the increased quality of tokens has to percolate through the market before the value changes. So, the first institution to spend the infalted/debased currency can get the full current value from trade. The second gets slightly less, the third even less and so on. In 2008, the Federal reserve began printing money and loaning at 0% to insolvent backs who then used that money to buy T-Bill. This had the duel effect of giving the banks an (arbitrary) A1 rated asset for their fractional reserve while the Federal government got full pre-inflation value of the money paid for the T-bills. As the government spent that money, the number of tokens increased fast than the economy. In times of inflation, the value of money per unit drops as its supply increases and increases The best hedges against inflation are real assets e.g. land, equipment, stocks (ownership of real assets) and convertible bonds which are convertible to stock. It's important to remember that money is, of itself, worthless. It's just a technology that abstracts and smilies trading which at the base, is still a barter system. During inflation the barter value of money plunges owing to increased supply. But the direct barter value between any two real assets remain the same because their supplies have not changed. The value of stocks and convertible bonds is maintained by the economic activity of the company whose ownership they represent. Dividends, stock prices and bond equity, as measured in the inflated currency continue to rise in sync with inflation. Thus they preserve the original value of the money paid for them. Not sure why you expect more inflation. The only institution that can create inflation in the US is the Federal Reserve which Trump has no direct control off. Deregulation of banks won't cause inflation in and of itself as the private banks cannot alter the money supply. If banks fail, owing to deregulation, unlikely I think given the dismal nearly century long record of regulation to date, then the Federal Reserve might fix the problem with another inflation tax, but otherwise not.


Too little information to give any kind of advice. What is your age, goals, other monies, other investments etc... You need to look at the whole thing. Are you investing already in tax-deferred IRA. Spend the time to learn to be your own investment advisor. Many investment professionals may disagree with me on this, but since you can't trust many of them better you do your own research first. Same with Stocks or ETF, you try to be the expert. Better you have the time to follow your own investments ideas, do not depend on a human or robot to tell you when to buy or sell. Their job is to part you from your money. If you do not have the time to this yourself, save yourself the money, and just do something else with it. I have been investing in the Stock Market since 1986, I have made more money than I lost. Good runs and bad. Today it is all about trading, you can not trust the financials given by anyone, or know what is going to happen in the markets in general. So unless you want to play the game every day, don't be in it.


The obligation is contractual, so you need to read the contract to answer your question. However, since you paid for the service provided, I see no way they can force you buy any other service from them. They cannot file your tax returns without your explicit consent (on a form dedicated to that, dated and having the numbers matching the return filed - not something you can sign before the actual return is ready). Worst case they can claim you owe them more money, but since you paid for the services provided, I can't see how they can have that stand in court as well. Bottom line - even if the contract has such an obligation, I cannot see how it can be enforced. As to the mistake they noted... I wouldn't rely on H&R Block advice in any matter. Very likely, the person you were talking to was not even licensed to provide tax advice. You're lucky if the person has passed CRTP exams (in California they're legally required), but I seriously doubt their clerks are EAs or CPAs (the only designations other than a lawyer legally allowed to provide tax advice). Tax preparers (CRTPs included) are only allowed to provide advice pertaining to the preparation of the tax return they're currently engaged to prepare. Claiming income is sourced or not sourced in NY is borderline, IMHO. If they got it wrong (and to me it sounds as they did) you can sue them for damages. If your situation is tricky and it is too late to get an appointment with a proper adviser - file an extension (form 4868) and deal with it after the April busy season.


Envudu (envudu.com) looks very promising, and I think what they are planning to put out will do essentially everything you want. It's a single prepaid card, but with a connected app. On the app you choose which budget category you're going to spend on next, and then swipe your card. Your purchase gets deducted from that category. There aren't a ton of details yet on their website (e.g., what happens if you try to swipe on a category that doesn't have the funds available?) and there is going to be a $20/year fee, but I think it meets all of your criteria, even though it's a single card--you'll just need to use a smartphone with it.


Arguably were seeing this. The financial sector is hollowing out operational competence within companies as more and more people jump ship to choosing investments rather than seeing those investments to successful completion. So instead you have large investments increasingly going into projects which haven't delivered on their intended goals and investors have little insight as to why, nor better companies to invest in.


Lol, you are a complete and utter moron. Honestly, this isn't close to what we are talking about. But sure, make some more bullshit up, I already showed you directly lying below. Why sit on Reddit and keep embarassing yourself?


Schedule 13D (or the abbreviated version, schedule 13G) would be the most likely place to find this info. When a person or group of persons acquires beneficial ownership of more than 5% of a voting class of a company’s equity securities registered under Section 12 of the Securities Exchange Act of 1934, they are required to file a Schedule 13D with the SEC. Schedule 13D reports the acquisition and other information within ten days after the purchase. Any material changes in the facts contained in the schedule require a prompt amendment. You can find the Schedules 13D for most publicly traded companies in the SEC’s EDGAR database. A 1% change in the amount of ownership is considered material.


That doesn't mean anything. Once a coin is under what it cost to mine, a miner wont sell causing demand. I don't know what the spread is right now. Maybe it was $5000 a month ago to mine... Maybe a miner who mined it when it was $3000 a coin dumped..


Is there not some central service that tracks current currency rates that banks can use to get currency data? Sure. But this doesn't matter. All the central service can tell you is how much the rate was historically. But the banks/PayPal don't care about the historical value. They want to know the price that they'll pay when they get around to switching, not the last price before the switch. Beyond that, there is a transaction cost to switching. They have to pay the clearinghouse for managing the transaction. The banks can choose to act as a clearinghouse, but that increases their risk. If the bank has a large balance of US dollars but dollars are falling, then they end up eating that cost. They'll only take that risk if they think that they'll make more money that way. And in the end, they may have to go on the currency market anyway. If a European bank runs out of US dollars, they have to buy them on the open market. Or a US bank might run out of Euros. Or Yen. Etc. Another problem is that many of the currency transactions are small, but the overhead is fixed. If the bank has to pay $5 for every currency transaction, they won't even break even charging 3% on a $100 transaction. So they delay the actual transaction so that they can make more than one at a time. But then they have the risk that the currency value might change in the meantime. If they credit you with $97 in your account ($100 minus the 3% fee) but the price actually drops from $100 to $99, they're out the $1. They could do it the other way as well. You ask for a $100 transaction. They perform a $1000 transaction, of which they give you $97. Now they have $898 ($1000 minus the $5 they paid for the transaction plus the $3 they charged you for the transaction). If there's a 1% drop, they're out $10.98 ($8.98 in currency loss plus a net $2 in fees). This is why banks have money market accounts. So they have someone to manage these problems working twenty-four hours a day. But then they have to pay interest on those accounts, further eating into their profits. Along with paying a staff to monitor the currency markets and things that may affect them.


If you are making regular periodic investments (e.g. each pay period into a 401(k) plan) or via automatic investment scheme in a non-tax-deferred portfolio (e.g. every month, $200 goes automatically from your checking account to your broker or mutual fund house), then one way of rebalancing (over a period of time) is to direct your investment differently into the various accounts you have, with more going into the pile that needs bringing up, and less into the pile that is too high. That way, you can avoid capital gains or losses etc in doing the selling-off of assets. You do, of course, take longer to achieve the balance that you seek, but you do get some of the benefits of dollar-cost averaging.


"Some of it is very simple but almost all of it is very non-intuitive. Imagine that Donald Trump owns a lot of property that is valued at $1bn. So he puts that up as collateral to buy some gold worth $2bn dollars. A little while later the banks discover that the properties are only worth $100mm. In this case $900mm has suddenly disappeared and moreover the banks are in deep shit because the Donald owes them $2bn and has posted collateral worth $100mm. When they try to rough up Donald he tells them that instead if they go along with his ponzi scheme they might be able to sell his new $2bn property to someone else for $4bn, this way the banks will get their money bank and Donald will make a nice little profit. So the banks lend him some more money. This scheme only works until people start refusing to buy these properties at Donald's prices. This is a nutshell what has happened. Property prices were much higher than they should have been and Banks had derivatives which weren't worth as much as they claimed. When the market/people wised up to this fact the prices came crashing down and money ""disappeared""."


Why does 3000 employees strike you as such a high number? In number of employees per user, they have a pretty similar ratio to Facebook: http://royal.pingdom.com/2013/02/26/pinterest-users-per-employee/ And I would argue that the lack of growth in their user base has more in influence on Twitter's struggle to profitability than anything else.


You need to file foreign qualification in any State you have physical presence in (warehouses, offices, etc). Including the State from which you personally operate (if it is not Nevada). You don't need to register in States to which you ship products.


I don't know what to tell you there. But I will say for our position (in commercial banking) having 1.5 years experience programming isn't super compelling (beyond the work experience itself and initiative it shows). But that being said, commercial banking isn't complex math and there's not much opportunity to use your programming skills. I don't know what internships you applied for but I suggest joining a finance related club or something like that to demonstrate interest in the subject?


"Does it ever make sense? Yes, but almost never. If you're in a situation where you're invested in something with low rates (think government securities) or cash equivalents, then you do need to think about rate spread as you mention. Does the savings over the life over the mortgage beat out the 35% hit now, plus all the interest you would earn over those 20 years? Have you factored in other considerations such as mortgage interest deduction on taxes? Don't forget you need to think about how rates will change down the line (they can't go much lower, so potentially you'll get better rates in the 401(k) down the line). Don't forget there's also the impact of inflation; again the rates on your savings may go up, but your mortgage is a fixed payment, so with even a low rate of inflation, your payments effectively become ""less"" over time. If your investments are in something like stocks and bonds, then I would say undoubtedly you would want to keep the money in the 401(k). Time in market and compounding are your best friends over a long time horizon. Also, as mentioned by @JohnFX, the hit of your 35% now is something you will absolutely feel now. Hopefully not, but your life situation could change where you have an emergency and need to drain your savings or you may not see the end of that 20 years."


Most likely no. Just make sure to read the fine print. I'm in exactly the same boat, I have a house with an FHA loan and will be refinancing to conventional then using it as an investment. To refinance, you usually have to own 25% of your property before you can refinance, or buy another property with FHA financing. If you are planning on refinancing with FHA, then things might not work. The only way around this is if you move like you said you might. Take a look at this article section (A) for Relocations, good stuff: http://portal.hud.gov/FHAFAQ/controllerServlet?method=showPopup&faqId=1-6KT-879


>Xin Guobin, vice-minister of industry and information technology, told a forum in the northern city of Tianjin at the weekend that his ministry had started “relevant research” and was working on a timetable for China. >Xin said the policy would be implemented “in the near future”, according to the official Xinhua news agency. One guy in the bureaucracy announced to a group of irrelevant people that they're thinking of looking into it. This is another empty promise made to look good in the papers, not a real policy. Banning all gasoline cars in a country that size, with that weak and inconsistent of infrastructure? I'll believe it when I see it.


Is this an inheritance (tax-free) or is it taxable income from a large project? I won't argue with knocking out the student loan, it's a monthly payment that's nice to get rid of. You make no mention of your age or your current retirement assets. Call me boring, but if I were handed $100K it would simply be added to the mix. A conservative withdrawal rate of 4%/yr, means that $100K to me is really a $4K annual income. That makes it seem like far less of a windfall, I know. The problem I see in your question is that there's an inclination to 'do something' with it all. You've already trimmed it down to $40,000. As a freelancer with income that's probably not steady why not just start to put it aside for the long term. In good income years, a pretax account, in low income years, use a Roth IRA. As littleadv asks - what are your plans if any to buy a house? $40K may not even be a full downpayment.


You’re right. I guess the point I’m trying to make is not that Democrats and Republicans are not the same, but rather that neither party really cares to question the deep-rooted corruption of our system in any fundamental or meaningful way.


I get exactly what you mean and I agree, but that reality of it is that that's not always possible. I have friends who are just barely able to pay rent and have to use the rest of their income to eat bread and butter for every meal. They work full-time and has two jobs (at one point he had three just to stay afloat after getting injured on his way to work), and he's not able to save up anything and even when he tracks his balances, he teeters on the fine edge of being evicted for not paying rent, starving to pay bills, or overdrafting.


Minimum wage worker here. I agree wholeheartedly. Its not like I don't have the skills to do better. But when even entry level jobs these days demand experience in the field, its pretty damn hard to break in. Those internships haven't panned out as anything but an expense either. I've got student loans, and you want me to go into further debt to do real work for the negligible hope of eventually getting a real job? But I live in the US, where unpaid work is illegal for wage slaves doing menial work. Instead, I have a cap of hours I can work, to keep me from earning overtime. Its better than an unpaid internship.


Pricing would just be another way to describe valuation. I guess if you want to get technical, pricing - is the act of getting somethings valuation. While valuation - is the estimate of somethings worth. Security analysis - An examination and evaluation of the various factors affecting the value of a security. Side Note: While pricing is valuation, price is not. Price is how much the stock, or security costs most commonly determined by a market. Add On: The meaning of two words might matter depending on what context it is being used in. For example if we were talking about a market where an individual actually sets a price at random without doing any type of evaluation then this->answer that AlexR provides would better highlight the differences.


>Vice Media LLC is a North American digital media and broadcasting company. Like I said they are a media company. >I have repeatedly acknowledged their faults Even tho you have not. You actually barely done any such thing. >Because your sampling is very limited You seem to have a habit of making assumptions and bullshit claims, should really address that. My sampling is far from limited here. I know enough to say with absolute certainty Vice journalism is on par of Buzzfeed, and has a noticeable liberal bias. If I wanted fluff pieces to read I would go to Vice and that matter Buzzfeed. But if I want actual investigative journalism I go elsewhere. >versus my analysis which is objective lol. Your analysis is no more subjective than mine is. Claiming your analysis is objective is outright laughable.


In a similar situation I wrote about How I Made $4,000+ on a Cash Back Credit Card Offer. The total was actually $4550, and was from an insane offer from a new credit card my bank advertised. 10% cash back on all spending during the first 90 days. I wondered if gift card purchases counted, and more than store cards, I saw that Visa gift cards with a $500 value sold for a $4.95 fee. A 1% hit. It would have been foolish to load up, and realize that they were somehow excluded, so I bought 2 and followed the transaction on line. When I saw the 10% credit, I went full steam, and bought these, $2000 at a time, as that was the limit CVS imposed. In the end, I stopped at $50,000. (And the bank killed the online offer about $25K into this, but still honored my 90 days) Yes, I had to make payments mid cycle to avoid the card limit ($20K), but in the end, the bit of effort paid off. It took a bit over a year and a half to burn through them. In hindsight, I'd do it for $100K if the opportunity came up. Cash in the bank is earning near zero. TL:DR Make a small purchase and confirm your card gives you the bonus you expect.


I torrent all my shows. For more exact numbers, runtimes are typically 22-23 minutes of content per half hour of syndication. So it's more like 70% content if you include, intros & credits. But still, 1/3 fluff (roughly) is just unacceptable any way you cut it.


Clearly this is doable and many people are doing exactly this. At that kind of rate many will tell you to borrow as much as you can and invest. This strategy does not work if you spend that money on dumb stuff, but you don't seem the type to do such a thing. In some will argue that it is the only logical thing to do. Some will say that this is not a good idea due to risk. Your chosen investment could lose value. If this happens you would have been better off paying down your mortgage. While my own interest rate is not as good as yours, it still pretty darn low (1.97%) after my tax discount. Despite that I am aggressively paying down my mortgage. My wife and I want to be debt free. There is a certain freedom that comes along with that which cannot be explained by numbers.


I can see other property owners being against it, because it would drive down the prices of their homes. As it stands I think home pricing is a complete fucked up retarded system that mostly depends on your neighbors house values. The whole things is a shambles. EDIT: also any new owner of the property is responsible for back taxes I think. That's also extremely fucked up.


The methods for valuing a company are multiple and there is no one that is better than another. Depending on what information we have, we will find it more satisfying than another. FNBC Florida business broker is the best tool dedicated to the purchase and creation of companies through the network. In FNBC Florida we know that the needs of an entrepreneur are diverse, and therefore, the type of business that seeks to realize can be encompassed in various modalities, which can be found on the portal.


> Some worry that a basic income would basically make the masses slaves in a way because it wouldn't solve income inequality, it would make people dependent on a government hand out. It does help reduce wealth disparity because it's generally a top down redistribution. The key selling point is that it likely won't be levied on people and everyone rich or poor will receive the same amount. In short it looks to be the most bipartisan option.


"Disney - Verb, the act of buying a large market share or company with the intent of mass producing its goods and services for maximum profit. ""Thank goodness EA disneyed DraftKings. Now I can place bets on my Madden teams!"" ^/s, ^please ^don't ^sue ^me ^Disney."


America is at 4.4% unemployment. If you can't find a job right now you live in a place that was dependent on oil for the majority of its revenue or you're a moron. Are you honestly telling me you lost your job to someone with no education who doesn't speak the language? You must be a terrible worker.


"I can understand your nervousness being 40 and no retirement savings. Its understandable especially given your parents. Before going further, I would really recommend the books and seminars on Love and Respect. The subject matter is Christian based, but it based upon a lot of secular research from the University of Washington and some other colleges. It sounds like to me, this is more of a relationship issue than a money issue. For the first step I would focus on the positive. The biggest benefit you have is: Your husband is willing to work! Was he lazy, there would be a whole different set of issues. You should thank him for this. More positives are that you don't have any credit card debt, you only have one car payment (not two), and that you are paying additional payments on each. I'd prefer that you had no car payment. But your situation is not horrible. So how do you improve your situation? In my opinion getting your husband on board would be the first priority. Ask him if he would like to get the car paid off as fast as possible, or, building an emergency fund? Pick one of those to focus on, and do it together. Having an emergency fund of 3 to 6 months of expense is a necessary precursor to investing, anyway so you from the limited info in your post you are not ready to pour money into your 401K. Have you ever asked what his vision is for his family financially? Something like: ""Honey you care for us so wonderfully, what is your vision for me and our children? Where do you see us in 5, 10 and 20 years?"" I cannot stress enough how this is a relationship issue, not a math issue. While the problems manifests themselves in your balance sheet they are only a symptom. Attempting to cure the symptom will likely result in resentment for both of you. There is only one financial author that focuses on relationships and their effect on finances: Dave Ramsey. Pick up a copy of The Total Money Makeover, do something nice for him, and then ask him to read it. If he does, do something else nice for him and then ask him what he thinks."


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"I just figured out that keys can be exchanged for certain chests that are worth more than normal ones, ($3.99) so I think that's why the worth is higher. I'm guessing it would be best to convert my keys into those and keep them for awhile while the community decides what the next main ""currency"" will be."


If you really care about security you need to use the minimum amount of technology required to accomplish your task. Systems can be mathematically proven correct but it requires exponential cost as complexity increases. This is why NASA pays about $1,000 per line of code whereas the industry average is $18. You could certainly build a system out of off the shelf parts, and it would probably work. But there is no way to prove that a backdoor wasn't inserted at the factory in China or by a malicious developer paid off by some foreign government. That $4 USB key you have was not designed with nuclear security in mind. Even if you got the source code proven correctness would cost more than developing it yourself from scratch. Yet you claim that somehow this unproven system is superior to a proven system in place for decades. Why because it is flashy? What extra functionality could it possibly offer?


"**He's not claiming any particular business is worth $3.7 trillion you fucking dimwit.** Like when someone says ""the soft drink business is worth an estimated Xbillion"" they don't mean any particular business in the soft drink game is worth Xbillion. If it makes it easier for your fat head to understand, what he's saying is the muni bond market is worth $3.7 trillion...just as the sources fucking pointed out. Maybe next time you want to critique someone's article you should make sure you know how to actually comprehend what you're looking at. You really haven't got a fucking clue."


The main point of the article from my perspective was that Uber should have fought the laws, rather than blatantly ignore them and operate illegally... and it's too late for them to do that. That's why the author mentioned how the Uber CEO initial attack on Lyft was a claim that *they* were operating illegally. Although I think the author is wrong for claiming all the 'tech' was coming to the taxi industry anyway (yeah, right).. I think the primary conclusion is that Uber's competitive advantage was mainly operating illegally.


Other answers here explain very well the intent of your question. However, a word should be said about why people make different choices at all. So to directly answer your question, yes there is a theory but it does not say inaction is worse/better and instead explains why different people make different choices and how this information can be used to construct optimal portfolios for a specific individual. And that theory is called the Risk Aversion Theory. You can visit the following URLs to discover more about this theory:


"This is the most glorious tap dance and broke hobo routine I've seen. Look at my empty pockets, look at this business model, I'm just trying to fix a broken market. Meanwhile he's organized contracts with big data brokers, as people will fall for his poor harmless Joe routine and give full access to their demographic data to combine with those ticket purchases? Netflix would buy that data in a heartbeat, to know what new movies to bring to platform, studios want it to hedge bets and assure funding from overseas with 3rd party data. Advertisers want that data so they can match advertising to these releases, merch, etc. You think this ceo accidentally said ANY of this? It's as fake as the ""butter"" on your popcorn."


Kushagra Nayan Bajaj received a young entrepreneur, He also achieved ’Young Achiever’ award by the jury of the tenth Rajiv Gandhi Awards. Prior to this, India Today and he was nominated for the Indian government's Padma Shri award. Bajaj became Chief Executive with overall responsibility for operations at Bajaj Hindusthan Limited. He was later appointed Vice Chairman of the Bajaj Group.


> Michael Preiss was happy to escape the corporate grind after being laid off by International Business Machines Corp. in 2001. He became a contractor, earning more than $100,000 a year from steady assignments helping companies figure out how to do things faster and cheaper. > That work eventually dried up. The past decade has been a revolving door of outsourced jobs for shrinking pay, fear that any day at a company could be his last, and reminders that full-time employees live in a different world, even though they often sit at the next desk. Mr. Preiss says one manager reprimanded him because co-workers complained that he laughed too loudly. An experienced tech contractor that does process reengineering who earns less than $50 per hour? Something doesn't add up. Many industries have contractors who are taken advantage of. In tech, contractors are often making 50-100% MORE than employees. It is highly lucrative, a huge portion are contractors by choice (I am yet to work at a firm that didn't try to offer a lowball permanent position).


"> So raise taxes on individuals and eliminate business taxes? The government still has to pay for things eventually. The big thing the US pays for that other countries don't is our massive, most-expensive-in-the-world military, which can take up roughly half our budget, Yes we should decrease military spending and stop policing the world. The biggest future expenditure will be unfunded obligations which are between $20 to $60 trillion USD. Without reform the US will go bankrupt. The dollar could be hyper-inflated which destroys the value and people's savings. The dollar will lose world reserve currency status. > We defend other countries through alliances like NATO and bilateral agreements. For that, we need a higher tax rate. We can tax individuals or businesses. Let other countries defend themselves unless they absolutely need help. People and businesses can be taxed, but high taxes and regulations are counter-productive. It hurts small business, innovation, job growth and pushes companies to move abroad and outsource. There's alarming record high unemployment in the US: >**[One in Five Families Are on Food Stamps](http://reason.com/24-7/2013/04/25/one-in-five-families-are-on-food-stamps)** The latest available data from the United States Department of Agriculture (USDA) shows that **a record number 23 million households in the United States are now on food stamps.** > The most recent Supplemental Assistance Nutrition Program (SNAP) statistics of **the number of households receiving food stamps shows that 23,087,886 households participated in January 2013 - an increase of 889,154 families from January 2012 when the number of households totaled 22,188,732.** As John F. Kennedy said:. >**“It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now … Cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.”** >– John F. Kennedy, Nov. 20, 1962, president’s news conference >**""'Lower rates of taxation will stimulate economic activity and so raise the levels of personal and corporate income as to yield within a few years an increased – not a reduced – flow of revenues to the federal government.”*** >– John F. Kennedy, Jan. 17, 1963, annual budget message to the Congress, fiscal year 1964 >“In today’s economy, fiscal prudence and responsibility call for tax reduction even if it temporarily enlarges the federal deficit – why reducing taxes is the best way open to us to increase revenues.”* >– John F. Kennedy, Jan. 21, 1963, annual message to the Congress: “The Economic Report Of The President” [Read more]( http://www.wnd.com/2004/07/25640/#GRyFgRZYqUiKoud6.99)"


"There is no formula to answer the question. You have to balance return on investment with risk. There's also the question of whether you have any children or other heirs that you would like to leave money to. The mortgage is presumably a guaranteed thing: you know exactly how much the payments will be for the rest of the loan. I think most annuities have a fixed rate of return, but they terminate when you both die. There are annuities with a variable return, but usually with a guaranteed minimum. So if you got an annuity with a fixed 3.85% return, and you lived exactly 18 more years, then (ignoring tax implications), there'd be no practical difference between the two choices. If you lived longer than 18 years, the annuity would be better. If less, paying off the mortgage would be better. Another option to consider is doing neither, but keeping the money in the 401k or some other investment. This will usually give better than 3.85% return, and the principal will be available to leave to your heirs. The big drawback to this is risk: investments in the stock market and the like usually do better than 3 or 4%, but not always, and sometimes they lose money. Earlier I said ""ignoring tax implications"". Of course that can be a significant factor. Mortgages get special tax treatment, so the effective interest rate on a mortgage is less than the nominal rate. 401ks also get special tax treatment. So this complicates up calculations trying to compare. I can't give definitive numbers without knowing the returns you might get on an annuity and your tax situation."


"A good question -- there are many good tactical points in other answers but I wanted to emphasize two strategic points to think about in your ""5-year plan"", both of which involve around diversification: Expense allocation: You have several potential expenses. Actually, expenses isn't the right word, it's more like ""applications"". Think of the money you have as a resource that you can ""pour"" (because money has liquidity!) into multiple ""buckets"" depending on time horizon and risk tolerance. An ultra-short-term cushion for extreme emergencies -- e.g. things go really wrong -- this should be something you can access at a moment's notice from a bank account. For example, your car has been towed and they need cash. A short-term cushion for emergencies -- something bad happens and you need the money in a few days or weeks. (A CD ladder is good for this -- it pays better interest and you can get the money out quick with a minimal penalty.) A long-term savings cushion -- you might want to make a down payment on a house or a car, but you know it's some years off. For this, an investment account is good; there are quite a few index funds out there which have very low expenses and will get you a better return than CDs / savings account, with some risk tolerance. Retirement savings -- $1 now can be worth a huge amount of money to you in 40 years if you invest it wisely. Here's where the IRA (or 401K if you get a job) comes in. You need to put these in this order of priority. Put enough money in your short-term cushions to be 99% confident you have enough. Then with the remainder, put most of it in an investment account but some of it in a retirement account. The thing to realize is that you need to make the retirement account off-limits, so you don't want to put too much money there, but the earlier you can get started in a retirement account, the better. I'm 38, and I started both an investment and a retirement account at age 24. They're now to the point where I save more income, on average, from the returns in my investments, than I can save from my salary. But I wish I had started a few years earlier. Income: You need to come up with some idea of what your range of net income (after living expenses) is likely to be over the next five years, so that you can make decisions about your savings allocation. Are you in good health or bad? Are you single or do you have a family? Are you working towards law school or medical school, and need to borrow money? Are you planning on getting a job with a dependable salary, or do you plan on being self-employed, where there is more uncertainty in your income? These are all factors that will help you decide how important short-term and long term savings are to your 5-year plan. In short, there is no one place you should put your money. But be smart about it and you'll give yourself a good head start in your personal finances. Good luck!"


I think you're being inexact with your comment about healthcare. Japanese healthcare outcomes are - by and large - not due to medical services or quality of clinical environments/hospitals. For example, Japanese who live in Japan have a lower incidence of cardiovascular diseases (especially those related to life style and diet) than Japanese who move to the USA, or Americans generally. There are other areas - lung cancer, for example - where outcomes are better as well despite more Japanese who smoke (though relative amount of smoking per smoker may differ - I'm not sure how much). The point is, Japanese health outcomes are largely better than US outcomes due to healthier lifestyles. I would go so far as to say it is the primary cause of comparatively better health outcomes.


The proposed LightSquared service uses a frequency band (wavelength) that is adjacent to the GPS frequency band. A receiver *selectivity* is its ability to pass the desired signal and reject all others. This task is difficult if the desired signal is *close* an unwanted signal, and particularly difficult if the unwanted signal is much stronger than the desired signal. The task to be sufficiently selective here does not appear to be impossible (one out of four were not disturbed), but GPS receiver designers in general, apparently didn't see the need to spend the additional resources to reject an unwanted adjacent that wasn't there. The frequency-band that LightSquared proposes to use was designated for satellite communication.


When you get paid the product already exists. In the case of paper money, it represents a debt, that's correct, but it's debt on the work you already did in making those widgets. If you were paid in gold that would be a simple barter of merchandise, with no promises attached. You would be exchanging a certain number of widgets for a material that can be used to make jewelry.


When clearing funds from the sale of a home the following usually happens (USA): The left over amount is what you get. Your real estate agent should be able to go over all of that with you. If they haven't then you need to get a better real estate agent. Assuming you haven't listed the house on the market yet then you should probably start by finding out what the pay off amount is on your existing home (call your mortgage company), then look at the prices of recently sold homes in your neighborhood for a comparable house (same style/square footage/amenities) to see what it sold for. Now you will know exactly what all those costs are prior to sitting down and signing the paperwork for the sale during the closing proceedings. If for some reason the amount is less than what you owe on it then the mortgage company would have to be involved for you to even sell it. If the real estate market in your area is somewhat normal, you bought the house on a standard fixed rate mortgage, you've been paying faithfully these past 17 years, you haven't gotten a home equity line of credit (HELOC) loan (or otherwise cashed out of your equity at any point), you've kept up the maintenance of the place and there are no liens against the property (ie: unpaid taxes, lawsuits, etc) then it is highly likely you will get money from the sale of the house. However we (internet people) don't know any of those details; so talk to a good real estate agent.


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I only watched a few minutes of that (not strictly work related, unfortunately) and haha...she cut him off twice! Ok, so that wasn't her best - but other interviews I've seen her conduct have been better. And yeah, I'm basing my rating on attractiveness...


manage the company properly. If you aren't much aware about company rules and regulation or tax matters, get an accountant so that you don't mess up later. better off paying my self a dividend of 100% profit or as an employee? That depends on how much salary you intend to pay yourself, your dividend or how much business expenses you will incur while running the business. Generally speaking you are better off paying your self a minimum salary and pay the rest as dividends. But check out the dividend tax and the income tax you might need to pay and compare which situation you are better off. If you have a partner, using the dividend way will reduce your NI outgoes. ethical and legal? Ethically the dividend way might burn your conscience but it is perfectly legal way of doing things.


It will not be a problem; people regularly move larger sums. It will be reported to law authorities as large enough to be potentially of interest, but since you can explain it that's fine.