"Wouldn't be advisable, it's not a bank account. However, some plans have emergency ""hardship"" provisions. Some that I'm familiar with would only be allowable if you are ineligible for a loan. Some of the reasons are purchase of a primary residence, college expenses, funeral costs, or to prevent eviction. Hope this helps."


"Also consider how cars fare under your ownership: Does your current car... If any of the answers to these questions are ""Yes"", you're probably going to get hosed with fees when you return the car."


"leverage amplifies gains and losses, when returns are positive leverage makes them more positive, but when returns are negative leverage makes them more negative. since most investments have a positive return in ""the long run"", leverage is generally considered a good idea for long term illiquid investments like real estate. that said, to quote keynes: in the long run we are all dead. in the case of real estate specifically, negative returns generally happen when house prices drop. assuming you have no intention of ever selling the properties, you can still end up with negative returns if rents fall, mortgage rates increase or tax rates rise (all of which tend to correlate with falling property values). also, if cash flow becomes negative, you may be forced to sell during a down market, thereby amplifying the loss. besides loss scenarios, leverage can turn a small gain into a loss because leverage has a price (interest) that is subtracted from any amplified gains (and added to any amplified losses). to give a specific example: if you realize a 0.1% gain on x$ when unleveraged, you could end up with a 17% loss if leveraged 90% at 2% interest. (gains-interest)/investment=(0.001*x-0.02*0.9*x)/(x/10)=-0.017*10=-0.17=17% loss one reason leveraged investments are popular (particularly with real estate), is that the investor can file bankruptcy to ""erase"" a large negative net worth. this means the down side of a leveraged investment is limited for the highly leveraged investor. this leads to a ""get rich or start over"" mentality common among the self-made millionaire (and failed entrepreneurs). unfortunately, this dynamic also leads to serious problems for the banking sector in the event of a large nation-wide devaluation of real estate prices."


Oh the company I work for now. Victim of a poor CEO that has turned into poor leadership across the board. There are directors I'd love to meet, act very interested in why they do things the way they do. The interest wouldn't even be faked. I'm genuinely curious how someone could have so many stupid ideas. Then tell them they suck and they're fired.


"The principle to follow is called ""pay yourself first"". Have your savings deducted from your paycheck before it hits your checking account. You spending will change to accommodate the reduction. If you have a 401(k) available from your employer, start saving some money via that. If not, figure out a way to have something moved out of your checking account to a separate savings account when your paycheck hits. Then as you get raises, up the amount of automatic savings by half of the raise. You will find this hurts less than you think and it will let you build an emergency fund, which is the first thing you need. When the emergency fund is 6 months of normal spending, then you can start to invest."


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Are you kidding? Electric cars can be faster than gasoline powered cars. But do you know what the real advantage is? Car design is limited by having a big, heavy engine and transmission. Plus you have to put the gas tank somewhere safe. Electric cars do away with all that. It will *dramatically* change handling, braking and building a safety cage. Electric cars will completely outperform gasoline cars. No question. Also, the electric cars should have many fewer parts and be more reliable. The future is electric. And you’ll love it.


If the rules are unfair,stupid and causing more harm than good.... I'd argue the opposite. Taxi companies regulated themselves into a protected business with no competition and no chance of competition. This hinders customers and puts all the power into the hands of the cab companies. I'm not saying Uber is in the right with everything, but your not gonna see an ounce of sympathy from Me towards the cab companies and the cities that let that shit happen.


"I don't think there's a rule -- (I can't comment) but Brick cited IRS rules...but IMO Brick missed one thing -- @ashur668 is not looking for a distribution, but is looking for a rollover. My best guess: that this part of the ruleset is not well defined, and your (and my) employer have chosen to interpret any withdrawl as a ""distribution"", even if better characterized a rollover. A few months ago, I went so far as to explore if I could use a loophole -- my company had just gone through a merger; I was hoping I could rollover some or maybe all of my 401k to my IRA (I remember now, it would have been everything before starting roth 401k contributions). My company asserted this was not permitted, and further asserted that the rumors I had heard were mistaken that when we went through a company spin-off a few years before, that nobody under 59 1/2 was permitted to roll over. I did a quick search and found IRS topic 413 As far as I can tell, this topic is silent on the matter at hand. Topic 413 referred me to IRS Publication 575, where I started looking at the section on rollovers. I read some of it then got bored. Note that we're one step removed -- we are reading IRS publications and interpretations of IRS rules. I don't know that anybody here has read the actual tax law. There may be something in there that prevents companies from rolling over before 59 1/2 that is not well codified in IRS publications."


I found this article to clarify some of the issues. One point raised is that the concession can be thought of as getting tax exemption for the closing costs, which normally are not allow. I'm not sure I follow this logic, since you can only deduct the interest, not the principal. I asked a lender, and he verified you can only spend the concession money on closing costs. I think if your closing costs are less than 1% of the loan, its probably not worth it to go for a concession over the price reduction. With interest rates so low, its also not cost effective to buy down points on the loan. This should limit most of your closing costs.


*USPS is slashing first-class delivery, cutting billions of dollars, and looking to cut thousands of workers. How did it get this bad?* Bad? All of these are good things; the internet is faster and more efficient (and way better for the environment)! End first-class mail and give the postal workers jobs that are more productive than burning tons of gasoline to stuff our mailboxes with new trash every day.


What you should do is re-characterize contributions from being a Traditional IRA contributions to Roth IRA contributions. Call your broker that holds the account and ask how to do that. Note: re-characterize means you don't move the money to Roth account, you retroactively say that it was a Roth account to begin with. By re-characterization you're saying that your contribution, and all the earnings on it, are Roth from the start. This is different from moving (rolling over), and moving is not advised if you have significant Rollover IRA sums. If your MAGI is over the limit for Roth IRA as well (see table 2-1 in pub 590) then you keep it as non-deductible IRA contribution and report it on form 8606. In this case your wife's Roth IRA contribution should be recharacterized as traditional and reported as non-deductible on form 8606 as well.


"What you have here is an interesting argument. Right now, this is totally complicated by the state of ""forced insurance"" that is currently in such hot debate right now. As a general rule of thumb though, most Americans pay their medical bills in one way or another. Though It is also accurate to say that most Americans have avoided paying a medical bill at one point or another. I will give an example that will help clarify. My wife gets a Iron infusion shot one every year or so. We choose not to have insurance. The cost to us is around $275. We know this upfront and have always paid it up front. Except for one year. One year we had insurance. The facility that does the infusions charged us $23,500 to do the infusion that year. The insurance paid $275 to them. We refused to pay the remaining $23,225. This is a real example using real numbers. SO while we are more then able to pay the ""normal"" amount, and we could, in theory, pay the inflated amount, We out right refuse to. The medical facility tried to negotiated the amount down to $11,000 but we refused. They then tried to talk us into a credit plan. We refused. Then they negotiated the entire thing down to $500. We refused. Finally, after 2 years of fighting they agreed that the service had been pair for by the insurance. And sent us a $0 bill. The entire time, that facility was more then willing to keep doing this annual service for $275.At no time were we denied care. We did have a dent in our credit for a while, but honestly it didn't matter to us. Wrap Up It is fair to say that most Americans do pay their medical bills, but it is also fair to say that most Americans do not pay all their medical bills. The situation is complicated, and made more so by recent changes. Heath insurance is the U.S. is nearly criminal and while some changes have been made in recent years the same overriding truth exists. Sometimes, a medical bill, when going through insurance, is just plain silly, and the only recourse you have as a customer is to not pay it, for a while, till you get it sorted out."


They have an excellent history and Sprint stands to gain quite a bit if they keep unlimited data as well as having high data speeds. The fact that they only have 56 million subs also gives them room to grow. Both Verizon and AT&T have over 100 million subs and killed their unlimited data plans in the face of rising data usage. You're going to see those customers complain about data overage costs. If you give those customers a high-speed nationwide network with great coverage and unlimited data, what Sprint is aiming for (and they can accomplish it with the spectrum they have and the network overhaul project they're doing), customers will switch over. Sprint's network can support at least 2x their current subscriber base before exhibiting any kind of slowdown.


Aristotle did recognize the problem of democracy if a society like ours is facing massive inequality. He thought that the majority (the poor) would vote in their own interest and take away from the minority (the rich). So he thought the solution is to decrease inequality and increase democracy. Notice Madison recognized the same problem in formulating the American system but he came to the opposite conclusion. He thought democracy should be reduced and power be left in the hands of the more capable set of men, the wealthy elite. Now the society you are describing would probably be self destructive. If people went around having a mob mentality as you describe, lynching, looting and committing violence, this would be more like a death cult. At some point you have to recognize that common people are usually the target of oppression not the cause of it. Ironically all the examples you mentioned were imposed by the powerful few on the commoners not the other way around.


I have many friends in the skilled trade fields that are not experiencing the shortage of workers. They are experiencing a shortage of jobs. I don't get where the idea of a shortage in manual labor is even coming from, because we really wish we were seeing that here. I chose Computer Science because there was no shortage of need for CS majors, and when I graduated, my friends and I couldn't find CS jobs in our area for new graduates. I moved onto IT purely through connections. Some of my friends moved to other fields. One became a stay at home dad because his wife was able to find better paying jobs in his area than he was. We're sold these primrose path stories where you just need to fight for what others are offering, and you, too, can win! But the reality just isn't fitting the narrative! My friends fought and still fight! To give up is to die! But they are in no means doing well. Maybe you don't have to see that. Maybe you just get to hear the stories of the liberal art degrees that want better jobs. Good. Then your area is doing better than mine, or is more shielded. I am still in America. I work hard and have hard working friends. Some, like me, are doing well. Some are struggling despite doing their best. The primrose path is an unfortunate lie.


It depends on the structure of your business. Are you a sole proprietor filing Schedule C on your 1040, or an S-corp, or part of a partnership? The treatment of a home office will differ depending on business entity.


For computers it is just a matter of making it faster and generally simply increasing it's capacity. For a 3D printer it is a matter of giving it the capacity to produce these things at all. I'd be extremely impressed the moment a 3D printer could put out a forging let alone a multi-part functional assembly with various materials. People back in the 50s were really damn sure we'd all be using flying cars and living on the moon by now.


Pharma distribution is very different and much more regulated than what Amazon does now. I don't think they know what they are getting into. The standards and practices that apply to the manufacturing environment, the cleanliness, the record keeping, the temperature control, the strict procedures and the training and continuity of personnel required to maintain all that, the security and fire protection to maintain insanely high inventory values.... It ain't like shippin' t-shirts and TVs.


That only 35 years ago you could support your life with a one full-time job (incl vacations) and in addition get adult education to further your personal and career goals and today you can't. However the sample seems small and anecdotal.


It looks like the rate on that first loan is 6-2/3%? When I look at $72000 principal and a $500 payment, I'm seeing a long term, 24 years. Not 60, but not good either. Yes, as you pay a bit of principal, the next payment has less interest and even more principal. I hope your degree is in a field that's lucrative. Or that you're able to get a job that qualifies you for loan forgiveness over time. I'm sorry that advice might seem weak, but aside from that, the best I can offer is to live well beneath your means, i.e. continue to live like a student, and make additional payments. As far as bi-weekly goes, the lender may not accept partial payments. Set aside the money every two weeks and when you have extra money just make an extra payment amount toward principal. To pay this off as fast as possible, I'd make as high an extra payment as I could each month to the loan with the higher rate. If the rates are the same, pay it off to the one with the lower balance. With respect to the debt snowballers, followers of The David, say the rates are simply close, say .25% apart, with the lower balance having the lower rate. If you were to pay this one first, it would occur sooner, of course, and free up that monthly payment, helping your cash flow. But, it comes at a cost. Note - if, as Noah suggests, the rates are the same, I'd advise to make all extra payments toward the lower balance. That will get you to the point where you've freed up that cash flow for other purposes, whether it's to focus on the higher loan, or anything else you need this for.


"I say this with all due understanding: If they're only there for the money, if that's what motivates them, I don't want them in the government. We are better off without them. Really. Maybe I confused things by saying bubble because it isn't just that, but I don't want the attitude that because one is educated or powerful one is deserving of better. I understand that you might not be saying that, and you might be saying ""let's use them well"", but alas this is too subtle a line and too easy to slip. If big dollars hinge on a particular situation being optimized, let a manager make a case-by-case exception, but the norm is not that. And, by transitivity, the mindset leads to a creeping overall theory that government needs to insulate itself from its own effects. It's presumably why Congress gets its own health care, because these people are too important to be sick. But then in having done that, we reduce the pressure to make it work for everyone. I'm sorry, I just don't agree. It's a legitimate position you stake out, clearly presented, I am just not buying it."


A minimum purchase quantity just means that you need to round your result up to the nearest 100. In your example it comes out evenly. If we look at an example where it doesn't come out even, you'd round up: And round that up to 700 due to purchase quantities. For a slightly more complex and accurate approach, you'd then evaluate how many of the extras you had to buy due to the minimum purchase quantity would need to be sold: So you'd have to sell 694 of the 700 purchased to break even.


So this is the noble savage take. You honestly think no war and violence was waged on African and Asian nations upon one another? Superior weapons? Ok, so what allowed them to develop this superior technology? Was it education, superior engineering, and tactics? Was it luck? Seriously


"This ""article"" is a piece of fucking trash. There is no argument here. It's just, ""well doesn't that sound ridiculous?"" No definition of ""societal value"" or even ""society"" is ever given at all. No consideration of the value of a strong economy is given; no specific, quantitative arguments are provided; and no credit is given to capitalism not only for lifting billions of people from crippling poverty to recently unimaginable wealth, but for being the only system to ever do so. Are food, shelter, and clothing basic human needs? Obviously. How do most people attain these needs? By working for a wage/salary for some company, which are reliant on a functional financial system. Derp."


"Firstly you have to know exactly what you are asking here. What you have if you ""own"" bitcoins is a private key that allows you to make a change to the blockchain that can assign a piece of information from yourself to the next person. Nothing more nothing less. The fact that this small piece of information is considered to have a market value, is a matter of opinion, and is analagous to owning a domain name. A domain name is an entry in a register, that has equal weight to all other entries, but the market determines if that information (eg: CocaCola.com) has any more value than say another less well know domain. Bitcoin is the same - an entry in a register, and the market decides which entry is more valuable than another. So what exactly are you wanting to declare to FinCEN? Are you willing to declare the ownership of private key? Of course not. So what then? An uncrackable private key can be generated at will by anyone, without even needing to ""own"" or transact in bitcoins, and that same private key would be equally valid on any of the 1000's of other bitcoin clones. The point I want to make is that owning a private key in itself is not valuable. Therefore you do not need, nor would anyone advise notifying FinCEN of that fact. To put this into context, every time you connect to online banking, your computer secretly generates a new random private key to secure your communications with the bank. Theoretically that same private key could also be used to sign a bitcoin transaction. Do you need to declare every private key your computer generates? No. Secondly, if you are using any of the latest generation of HD wallets, your private key changes with every single transaction. Are you seriously saying that you want to take it on your shoulders to inform FinCEN every time you move information (bitcoin amounts) around even in your own wallets? The fact is FinCEN could never ""discover"" your ownership of bitcoins (or any of the 1000s of alt coins) other than by you informing them of this fact. You may want to carefully consider the personal implications of starting down this road especially as all FinCEN would need to do is subpoena your bitcoin private key to steal your so-called funds, as they have done recently to other more prominent persons in the community. EDIT to clarify the points raised in comments. You do not own the private key to the bitcoins stored on a foreign exchange, nor can you discover it. The exchange owns the private key. You therefore do not either technically have control over the coins (MtGox is a very good example here - they went out of business because they allowed their private keys to be used by some other party who was able to siphon off the coins). Your balance is only yours when you own the private keys and the ability to spend. Any other situation you can neither recover the bitcoin to sell (to pay for any taxes due). So you do not either have the legal right nor the technical right to consider those coins in your possession. For those who do not understand the technical or legal implications of private key ownership, please do not speculate about what ""owning"" bitcoin actually means, or how ownership can be discovered. Holding Bitcoin is not illegal, and the US government who until recently were the single largest holder of Bitcoin demonstrate simply by this fact alone that there is nothing untoward here."


You don't mention any specific numbers, so I'll answer in generalities. Say I buy a call option today, and I short the underlying stock with the delta. The value will be the value of the option you bought less the value of the stock you are short. (your premium is not included in the value since it's a sunk cost, but is reflected in your profit/loss) So, say I go out and adjust my portfolio, so I am still delta short in the underlying. It's still the value of your options, less the value of the underlying you are short. What is my PnL over this period? The end value of your portfolio less what you paid for that value, namely the money you received shorting the underlyings less the premium you paid for the option.


Start the process by contacting the company that services the mortgage. They can answer all your questions. They should have a form that needs to be submitted. You will want to get from them the most up-to-date payoff amount X days from now. The amount changes each day. They will be sending you a document signifying that the debt has been met. They will also be filing paperwork with the county/city/township releasing the property from the mortgage obligation. Because all my mortgage payoffs have either been or refinancing or I have sold the property, the balance due was significant and the lender required a cashiers check. Contact them to ask. If it only a few thousand left they might take a regular check. Sending the checks via overnight delivery speeds up the process, and cuts down on the uncertainty of the delivery date. Ask for a return receipt so that you have proof of the date it was received. Overpay by a couple of days. They will refund the overage. If you let the mortgage run its course, you will still get a document back from them; they will still file the documents with the local government; and they will refund any overage. If you look at the coupon book, or the paperwork they gave you at settlement the last payment is usually a different amount due to rounding of the monthly payments. Of course if you have been making extra payments or larger than required payments the numbers on the original coupon book are moot so contact the company for the last payment amount.


Boards of Directors are required for corporations by nearly all jurisdictions. Some jurisdictions have almost self-defeating requirements however, such as in tax havens. Boards of Directors are compensated by the company for which they sit. Historically, they have set their own compensation almost always with tight qualitative legal bounds, but in the US, that has now changed, so investors now set Director compensation. Directors are typically not given wages or salary for work but compensation for expenses. For larger companies, this is semantics since compensation averages around one quarter of a million of USD. Regulations almost always proscribe agencies such as other corporations from sitting on boards and individuals convicted of serious crimes as well. Some jurisdictions will even restrict directories to other qualities such as solvency. While directors are elected by shareholders, their obligations are normally to the company, and each jurisdiction has its own set of rules for this. Almost always, directors are forbidden from selling access to their votes. Directors are almost always elected by holders of voting stock after a well-publicized announcement and extended time period. Investors are almost never restricted from sitting on a board so long as they meet the requirements described above.


Thanks for your service. I would avoid personal investment opportunities at this point. Reason being that you can't personally oversee them if you are deployed overseas. This would rule out rentals and small businesses. Revisit those possibilities if you get married or leave the service. If you have a definite time when you would like to purchase a car, you could buy a six or twelve month CD with the funds that you need for that. That will slightly bump up your returns without taking much risk. If you don't really need to buy the car, you could invest that money in stocks. Then if the stock market tanks, you wait until it recovers (note that that can be five to ten years) or until you build up your savings again. That increases your reward at a significant increase in your risk. The risk being that you might not be able to buy a car for several more years. Build an emergency fund. I would recommend six months of income. Reason being that your current circumstances are likely to change in an emergency. If you leave the service, your expenses increase a lot. If nothing else, the army stops providing room for you. That takes your expenses from trivial to a third of your income. So basing your emergency fund on expenses is likely to leave you short of what you need if your emergency leaves you out of the service. Army pay seems like a lot because room (and board when deployed) are provided. Without that, it's actually not that much. It's your low expenses that make you feel flush, not your income. If you made the same pay in civilian life, you'd likely feel rather poor. $30,000 sounds like a lot of money, but it really isn't. The median household income is a little over $50,000, so the median emergency fund should be something like $25,000 on the income standard. On the expenses standard, the emergency fund should be at least $15,000. The $15,000 remainder would buy a cheap new car or a good used car. The $5000 remainder from the income standard would give you a decent used car. I wouldn't recommend taking out a loan because you don't want to get stuck paying a loan on a car you can't drive because you deployed. Note that if you are out of contact, in the hospital, or captured, you may not be able to respond if there is a problem with the car or the loan. If you pay cash, you can leave the car with family and let them take care of things in case of a deployment. If you invested in a Roth IRA in January of 2016, you could have invested in either 2015 or 2016. If 2015, you can invest again for 2016. If not, you can invest for 2017 in three months. You may already know all that, but it seemed worth making explicit. The Thrift Savings Plan (TSP) allows you to invest up to $18,000 a year. If you're investing less than that, you could simply boost it to the limit. You apparently have an extra $10,000 that you could contribute. A 60% or 70% contribution is quite possible while in the army. If you max out your retirement savings now, it will give you more options when you leave the service. Or even if you just move out of base housing. If your TSP is maxed out, I would suggest automatically investing a portion of your income in a regular taxable mutual fund account. Most other investment opportunities require help to make work automatically. You essentially have to turn the money over to some individual you trust. Securities can be automated so that your investment grows automatically even when you are out of touch.


Chúng tôi luôn sẵn sàng giải quyết vấn đề và cung cấp vật liệu tốt nhất cho thạch cao, bền lâu. Nhận dịch vụ hiệu suất cao bởi SMY Paster, chúng tôi cung cấp dịch vụ độc đáo và hấp dẫn của thach cao gia re và trần nhà. Tập trung vào những cá nhân muốn cung cấp tài sản của họ, những người đang tìm kiếm nhà tuyệt vời để mua, và những người muốn một chuyên gia để cải tạo ngôi nhà của họ. Đây là những khách hàng tiềm năng có thể giúp bạn kiếm được nhiều hơn bạn mong đợi.


No he didn't. His wealth is tied to Amazon. If he removes it to get to even a fraction of what Gates has liquid he would tank Amazon's stock which would further destroy his supposed net-worth. This shit reporting has got to stop. Its the same shit with Zuckerberg. If he were to actually liquidate his holdings his networth would be a fraction of what Forbes shits out.


"Yes. From their TOS: ""By creating a Square Account, you confirm that you are either a legal resident of the United States, a United States citizen, or a business entity...""."


"I'm just wondering how you would go from buying a 60k car knowing that it had a software limited battery to ""I'd be pissed"" when that is activated for you for free during a hurricane evacuation. Now obviously you wouldn't buy a Tesla in the first place, and I have no problem with you generally disliking them, but if you did, you probably wouldn't be pissed because you already knew about it."


"The rate for ""checks and transfers"" is set by each bank multiple times during the day based on the market. It is as opposed to the rate for ""cash/banknotes"", also set by each bank, and the ""representative rate"" (שער היציג) set by the Bank of Israel. These rates can be found on the websites of most banks. Here is Bank Hapoalim and Bank Leumi. The question is which bank's rate will be used. It might be the bank that issued your card, El Al's bank, or the credit card company (ie Poalim for Isracard or Leumi for CAL). You will need to call El Al to verify, but since these are market rates, they shouldn't be too different."


Thats not entirely true. In North Platte, NE there is a company called Allo Communications and they are a fiber optic company that offers up to 1 Gbps internet speeds. (They are not based out of Nebraska, I just used to live there and we had internet through them.)


Taxability does not depending on transfer of money to NRO. It depending on your tax status in India. Assuming you have spent more than 182 days outside India for the financial year 1 April 2015 to 31 March 2016, you would be NRI. I am transferring money from my Maldives saving account to my Indian Saving account(NRO). Will it be taxable in India? Assuming you are NRI, this is not taxable. Any interest in NRO account is taxable in India. Again I am transferring the money from my Indian savings account to my dad's Indian saving account. Will it be taxable? This is not taxable to you. To your father it would be treated as Gift. As per Gift tax, this is not taxable to your father as well. If the amount is large, keep proper documentation of the transaction. Any income that is generated i.e. interest etc on this amount will be taxable to your father.


yeah. its called look it up. you are basically asking us if we can look it up for you. any paper someone has posted you could have found by now. your institution will have a way for you to search every published paper ever....


I agree that you'd expect them to raise much more than $10M, but you can't say it was down to the pitch deck. They might have only been looking for $10M or didn't want to give away much equity, or there may have been other reasons why a small amount was raised.


I'm simply pointing out the irony of this article. They pay 7.1 billion to the government, then the government gives 2.66 to its employees. So, isn't Walmart paying their employees indirectly? Doesn't the amount they pay to the government more than double the amount the government pays out? The point of the article is that employee benefits are being paid by the taxpayers, making walmart the great satan. This would be true if Walmart paid no taxes. this argument (taxpayers pay walmart employees benefits) outlined by the dailykos is invalid from the start. Mic drop.


"You make a good point and then abandon it. I agree, everything is ultimately attributable to random events or one's genetics and upbringing. E.g. The worse baker 'deserves' to fail because they are worse at baking. However, did they 'deserve' to be born and raised and grow into circumstances that caused them to be a worse baker? Very hard to argue that. Very hard. I also don't think it's suitable to ignore the ""infinite"" (in most cases you don't need to trace a person's history beyond their parentage to explain something, so 'infinite' is hardly the word) regression you mention. A person's decisions are the result of their life story up until that point, and a person's life story always begins with circumstances completely beyond their control."


Little investors rarely have a say in it. If you have direct control over routing, that's one thing (some platforms allow it). But if you're a fund investor or a pension beneficiary, it's completely out of your hands. Re: The author. One of them - [David Swensen](https://en.wikipedia.org/wiki/David_F._Swensen) - is actually the chief investment officer at Yale University. I'm pretty sure he has a clue.


Wells Fargo. They have an account called PMA, an umbrella account for checking, savings, mortgage, and brokerage accounts. It would cost $30/month, but I never had to pay because I have a rollover retirement account that is enough to waive the fees. They count all accounts, including mortgage, which I used to have. Oh, and no restrictions. An added advantage is there are no fees for any of the accounts, nor for some other things, like bank checks, outside ATM fees, etc. I'm in California, so I don't know if the same deal exists in other states. But if you qualify for the free account, it's pretty good. Actually, most of my investments are Vanguard funds. And I have another rollover account with Vanguard, and never pay fees, but I only buy or sell from one Vanguard fund to another, and rarely since I have targeted retirement funds that are designed to be no maintenance. For some reason, I trust Vanguard more than most other funds; maybe because I like their philosophy on low-cost funds, which they started but are now getting more popular.


"Wait, so if you have more money you get to follow ""unpopular rules""? That sounds even worse than what we have today. And you didn't answer my question about how private courts and private security companies would be held accountable."


Outsourcing a call center company is a great help for all types of companies, irrespective of their size and nature of the business but it can be the best mean for the companies who have seasonal businesses as they have to face a sudden burst of customer calls. Hence, outsourcing a call centre company is the best idea for any organization thinking of taking trade on the global pitch and coin ground without any hassle.


"Here's an example that I'm trying to figure out. ETF firm has an agreement with GS for blocks of IBM. They have agreed on daily VWAP + 1% for execution price. Further, there is a commission schedule for 5 mils with GS. Come month end, ETF firm has to do a monthly rebalance. As such must buy 100,000 shares at IBM which goes for about $100 The commission for the trade is 100,000 * 5 mils = $500 in commission for that trade. I assume all of this is covered in the expense ratio. Such that if VWAP for the day was 100, then each share got executed to the ETF at 101 (VWAP+ %1) + .0005 (5 mils per share) = for a resultant 101.0005 cost basis The ETF then turns around and takes out (let's say) 1% as the expense ratio ($1.01005 per share) I think everything so far is pretty straight forward. Let me know if I missed something to this point. Now, this is what I'm trying to get my head around. ETF firm has a revenue sharing agreement as well as other ""relations"" with GS. One of which is 50% back on commissions as soft dollars. On top of that GS has a program where if you do a set amount of ""VWAP +"" trades you are eligible for their corporate well-being programs and other ""sponsorship"" of ETF's interests including helping to pay for marketing, rent, computers, etc. Does that happen? Do these disclosures exist somewhere?"


"They could just learn to stop trying to sell services they already provide for free. I mean come on, the economy is not doing that great, a lot of people just spent too much money on the holidays out of guilt, and they decide this is the best time to ""Oh, btw, we are going to start charging you for paying your bills"". Fucking brilliant minds over there at Verizon."


Long term gov't bonds fluctuate in price with a seemingly small interest rate fluctuation because many years of cash inflows are discounted at low rates. This phenomenon is dulled in a high interest rate environment. For example, just the principal repayment is worth ~1/3, P * 1/(1+4%)^30, what it will be in 30 years at 4% while an overnight loan paying an unrealistic 4% is worth essentially the same as the principal, P * 1/(1+4%)^(1/365). This is more profound in low interest rate economies because, taking the countries undergoing the present misfortune, one can see that their overnight interest rates are double US long term rates while their long term rates are nearly 10x as large as US long term rates. If there were much supply at the longer maturities which have been restrained by interest rates only manageable by the highly skilled or highly risky, a 4% increase on a 30% bond is only about a 20% decline in bond price while a 4% increase on a 4% bond is a 50% decrease. The easiest long term bond to manipulate quantitatively is the perpetuity where p is the price of the bond, i is the interest payment per some arbitrary period usually 1 year, and r is the interest rate paid per some arbitrary period usually 1 year. Since they are expressly linked, a price can be implied for a given interest rate and vice versa if the interest payment is known or assumed. At a 4% interest rate, the price is At 4.04%, the price is , a 1% increase in interest rates and a 0.8% decrease in price . Longer term bonds such as a 30 year or 20 year bond will not see as extreme price movements. The constant maturity 30 year treasury has fluctuated between 5% and 2.5% to ~3.75% now from before the Great Recession til now, so prices will have more or less doubled and then reduced because bond prices are inversely proportional to interest rates as generally shown above. At shorter maturities, this phenomenon is negligible because future cash inflows are being discounted by such a low amount. The one month bill rarely moves in price beyond the bid/ask spread during expansion but can be expected to collapse before a recession and rebound during.


"This is ridiculous. Baltimore has dangerous fringes, but even there the ""danger"" is highly inflated. The reality is that huge parts of central Baltimore are incredibly safe, prosperous, and cosmopolitan. Mount Vernon, Fells Point, Canton, Federal Hill, Inner Harbor, etc. are all wonderful places to live and work. Baltimore also has numerous beautiful suburbs that are no more dangerous than the safest parts of Boston or any other city. Politicians and the media love to play up The Wire version of Baltimore, but the reality is just as much a fiction as the television show."


I'm in the same boat, except I was (am) going to do a masters in BA. I wouldn't be turned off by the requirements. Just call and negotiate. I imagine the majority of people never put in more effort beyond e-mailing a CV. I would aim for smaller companies, since there, there is a higher chance to reach out to the actual decision-makers of the firm, not just HR. Also, if I were you, I would read up on things to have some leverage and have something to talk about at interviews. Some resources you might like: http://practicalanalyst.com/ba-resources/the-business-analysis-reference-pack/ * [Hamdy Taha - Operational Research](http://www.amazon.com/Operations-Research-Introduction-8th-Edition/dp/0131889230/ref=sr_1_3?ie=UTF8&qid=1339143411&sr=8-3) * [Julie Palant - SPSS Survival Manual](http://www.amazon.com/SPSS-Survival-Manual-ebook/dp/B005FHEQFS/ref=sr_1_1?s=books&ie=UTF8&qid=1339143532&sr=1-1) * [William Stevenson - Operations Management](http://www.amazon.com/Operations-Management-Decision-Sciences/dp/0073525251/ref=sr_1_4?s=books&ie=UTF8&qid=1339143614&sr=1-4) * [Gerry Johnson - Exploring Corporate Strategy](http://www.amazon.com/Exploring-Corporate-Strategy-Companion-Website/dp/140588732X/ref=sr_1_2?s=books&ie=UTF8&qid=1339143719&sr=1-2) * [Thomas Coleman - Risk Management](http://www.amazon.com/A-Practical-Guide-Risk-Management/dp/1934667412/ref=sr_1_1?s=books&ie=UTF8&qid=1339143772&sr=1-1) * [Simha Magal - Essentials of Business Information Systems](http://www.amazon.com/Essentials-Business-Processes-Information-Systems/dp/0470230592/ref=sr_1_1?s=books&ie=UTF8&qid=1339143850&sr=1-1) * [Douglas Hubbard - How To Measure Anything](http://www.amazon.com/How-Measure-Anything-Intangibles-Business/dp/0470539399/ref=sr_1_5?s=books&ie=UTF8&qid=1339143959&sr=1-5) * [Brian Larson - Delivering Business Intelligence with SQL Server 2008](http://www.amazon.com/Delivering-Business-Intelligence-Microsoft-Server/dp/0071549447/ref=sr_1_1?s=books&ie=UTF8&qid=1339153129&sr=1-1) Almost forgot the most important one: [Business Analysis Body of Knowledge Guide (BABOK)](http://www.amazon.com/Guide-Business-Analysis-Knowledge%C2%AE-BABOK%C2%AE/dp/0981129218/ref=sr_1_1?s=books&ie=UTF8&qid=1339159329&sr=1-1)


Not really, we have a 600b deficit. Many people are paid to much for what they're worth.. Our fortune 500 make after taxes 1 trillion. Let alone what the 0.5% are making. Sorry Tom Cruise I like you, but 5 weeks of a movie shoot I don't feel bad you're left with 40 million after taxes from it. You ever stop and think that the executives don't have an incentive to help lower costs because they get these huge checks?


Sayed mohammad reza afjei is glad that his business education has enabled him to help businesses that use him to do strength and weakness analysis. Sometimes all a business needs to be very successful is an outsider coming in to evaluate how they do things. Learn more about Sayed mohammad reza afjei & Business.


Debt is evil according to Dave, but investing in companies that profit from debt is never shunned. In fact, he loves broad basket ETFs and mutual funds. How many industries would grind to a halt without the liquidity provided by consumer credit?


As a business analyst, a tool I've picked up recently is Tableau. It's a powerful reporting tool that can build powerful dashboards which are great for presentations. If you have an academic email, you can get a free licence otherwise I believe it's around $3000. The bank I work at pays contractors $100,000+ for a single dashboard which can be built by a single person in a few weeks with some basic knowledge in the tool. It's a very versatile tool, I have a friend that tracks his fitness data with a Fitbit and then creates visualizations to date with his friends. I use it to import massive data extracts from multiple sources and then link common share points to build visuals that are put into a dashboard and reported to executives monthly. It's very interactive and that's why the higher-ups love it.


I'll give the credit to @Quid in the comments section of the question. You put out $10k, you got back $20k, that's a cash gain of $10k, how the asset was valued between your purchase and sale isn't relevant. From an accounting perspective, the company is the only party that is realizing the loss (as they have sold the asset for 40K less than par). You the buyer, only get to see the initial buy and sale of such capital asset. Example: A company purchases a car for $20,000 and after depreciation it is worth (book valued at) $2,000. It is then sold to a customer for $3,000. Does the customer realize a loss of $1,000? No. Does the company realize a gain of $1,000? Yes. Your bank analogy is flawed in two ways:


The Wikipedia has an article on money flow index. The article which you link to correctly uses the typical price. You state that you are comparing the closing prices, which is incorrect. I'm making no statement on the validity of the money flow index itself, just answering your question.


"I disagree with the other respondents. If your tenant is an individual, renting in their individual capacity, there is no reason they need your SSN. They will not be sending a 1099 to you. If your tenant is a business, then your property is not a residential property. It is at least a ""corporate housing"", and you would have noticed that the contract was signed by a company representative in the capacity of being a company representative, not an individual person. In that case, that representative would also ask you to fill a form W9, on which your tax ID should be reported. I would suggest let the tenant figure out their tax avoidance issues without you being involved."


"I don't disagree that it is terrible what the current job situation is doing to people. And I didn't mean to imply that I thought it was ""good"" that in the dot-com bust people had to leave the field and find new careers. As I said before, this situation ""exists"". It's not good or bad, it's just how it is. The dot-com bust made a lot of engineers unemployable, receptionists and secretaries aren't in demand anymore, and there's nothing we can do to change the economics of the situation. I'm certain a tax credit for hiring the chronically unemployeed won't help, which is the point I came here to argue. If you're chastising me for being unsympathetic to those who dealing with this on a personal level, fine, I'll consider myself chastized. I'm still not seeing the point of your statements -- what are you suggesting needs to be done to help out the woman in TFA?"


The flooding of uneducated unskilled migrants into this country hurts the African American community the most. It also makes it harder for the poor in general to compete in a jobs market where illegals will work for half the minimum wage as opposed to hiring legal Americans. Abolish the minimum wage and place more restrictions on who can enter the country and we will start seeing gradual growth in the middle class and shrinkage of poverty.


"In the US, Section 3.114 of the Uniform Commercial Code sets the rules for how any confusion in checks or other business transactions is handled: “If an instrument contains contradictory terms, typewritten terms prevail over printed terms, handwritten terms prevail over both, and words prevail over numbers.” If there was any ambiguity in the way you wrote out the amount, the institution will compare the two fields (the written words and the courtesy box (digits)) to see if the ambiguity can be resolved. The reality is that the busy tellers and ATM operators typically are going to look at the numeric digits first. So even if they happen to notice the traditional ""and..."" missing, it seems highly unlikely that such an omission would cause enough ambiguity between these the two fields to reject the payment. Common sense dictates here. I wouldn't worry about it."


30 year loans usually have higher interest rates. You pay more interest over the life of the loan on a 30 year loan A 15 year loan will have higher monthly payments than a 30 year loan 30 year loans are virtually all fixed interest rate loans. 10 year loans often are variable interest rates.


"If we can agree that 2010 was closer to the low of 2009 than 2007 then the rich did all the buying while the super-rich did all the selling. http://www2.ucsc.edu/whorulesamerica/power/wealth.html Looks like the rich cleaned up during the Tech Crash too, but it looks like the poor lost faith. That limited data makes it look like the best investors are the rich. Market makers are only required by the exchanges to provide liquidity, bids & asks. They aren't required to buy endlessly. In fact, market makers (at least the ones who survive the busts) try to never have a stake in direction. They do this by holding equal inventories of long and shorts. They are actually the only people legally allowed to naked short stock: sell without securing shares to borrow. All us peons must secure borrowed shares before selling short. Also, firms involved in the actual workings of the market like bookies but unlike us peons who make the bets play by different margin rules. They're allowed to lever through the roof because they take on low risk or near riskless trades and ""positions"" (your broker, clearing agent, etc actually directly ""own"" your financial assets and borrow & lend them like a bank). http://www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p004001.pdf This is why market makers can be assumed not to load up on shares during a decline; they simply drop the bids & asks as their bids are hit."


CashBase has a web app, an iPhone app and an Android app, all sync'ed up. It doesn't integrate with banks automatically, but you can import bank statements as CSV. Disclosure: Filip is CashBase's founder.


"The SEC reference document (PDF) explains order types in more detail. A fill-or-kill order is neither a market order nor a limit order; instead it's something in between. A market order asks to be filled at the best available price, whatever that price might be when the order gets to the exchange. Additionally, if there are not enough counterparties to fill the order at the best available price, then part of the order may be filled at a worse price. This all happens more or less immediately; there's no way to cancel it once it has been placed. A limit order asks to be filled at a particular price, and if no counterparties want to trade at that price right now, then the order will just sit around all day waiting for someone to agree on the price; it can be canceled at any time. A fill-or-kill order asks to be filled at a particular price (like a limit order), but if that price or a better one is not currently available then the order is immediately canceled. It does not accept a worse price (the way a market order does), nor does it sit around waiting (the way a limit order does). Since the exchange computes whether to ""fill"" or ""kill"" the order as soon as it is arrives, there's also no way to cancel it (like a market order)."


Ok I had no idea that there was such fierce competition over *people* ! I always assumed that sales people applied for and held jobs just like I do. One could argue that good engineers are in high demand too, but there usually aren't multiple companies fighting over one engineer. Interesting!


* HOS limits time a driver can spend behind the wheel. Without team drivers, the truck sits idle for 60-70+% of the time.* There are also regulations that limit the time a truck can be operated no matter how many drivers are being used. Last time I checked it was 16 hours in any 24 hour period. Will those regulations still exist when self driving trucks enter service?


You are not locked in to this percentage of new money forever, you may change it every paycheck. Pick a split that makes you feel comfortable. Then revisit how you allocate new money every year. If congress makes changes to the brackets; or your compensation changes; or the rules regarding retirement funds changes: adjust accordingly. Note that the Roth IRA came long after the IRA; and that the Roth 401K came long after the 401K. You have no idea what types of investments you will be able to contribute to with your next employer, or how your martial situation and income will change the scope of available retirement options. Heck you can even convert non-Roth to Roth in the future if that makes sense. Pick a percentage for now, but don't forget to revisit it.


"I don't think $35k is much of a status symbol. The Toyota Highlander costs more than that. ""Environmentally friendly"" is only one of few reasons to get the car. Given the massive success of the current Tesla models on the road, it's understandable why people pay the deposit. It's got autopilot features, intelligent diagnostic systems, and the current line of Tesla are the safest vehicles on the planet. Not to mention it's extremely reliable."


"I don't think they do. And here's why. If you don't want your child to get skin irritation, you need to watch closely and change the ""nappy"" right when it got wet. For newborns it means like every 2 hours. It creates a big pile of laundry, but the main thing — additional burden on mother. So, even if you save a little on diapers, you will spend that on water+electricity bill + comforting the mother more often than you would otherwise."


Currencies don't have intrinsic value. Just because you have to pay taxes in USD does not mean it has intrinsic value. The government could theoretically switch currency every second, not that that will ever happen. But yes the USD is supported by the US government and that's like a safety net for the value of the USD. Bitcoin doesn't have a government accepting bitcoin in taxes (except maybe liberland or something) so BTC doesn't have that safenet. But with such a liquid market and millions of buyorders bitcoin doesn't really need a safenet. There will always be demand. I prefer a scarce currency with growing demand than an inflationary currency backed by a corrupt government that loses value over time.


Go to the police. This is fraud and is illegal. Sure, this will hurt your friend but better now then when he starts abusing of his position to fraud even more people... Original comment by Bakuriu sorry for not giving credit


HTC has horrible, god awful service. My wife's htc evo 3d kept dropping calls. Sent it in for warranty service twice, no luck. So, the third time, I broke it intentionally so they'd have to give us a new unit. New unit worked. My 3d had a wonky lens for the 3d part. Onto the Galaxy... soooo nice.


For alternative financing, pursue a line of credit or a Home Equity Line of Credit. (From the comments of @ChrisInEdmonton and @littleadv on the original question)


Most prop firms these days want someone with a degree in math/statistics/engineering/physics/comp sci, i.e. someone who can think quantitatively and knows how to program. If your still in college you might want to consider switching to one of those majors rather than finance. You might want to look at some job postings from major prop firms just to see what they are looking for. Many firms have college recruiting programs so check those out as well. I also [wrote a post earlier](http://www.reddit.com/r/finance/comments/tqrij/seeking_advice_on_professional_currency_trading/c4oxp4u) about prop trading but that was directed more at someone who is already a profitable trader. I forgot to add two links when I wrote that post: http://traderfeed.blogspot.com/2007/07/steps-toward-joining-proprietary.html http://traderfeed.blogspot.com/2006/11/how-can-i-join-trading-firm.html If I remember any other links I will make another post.


Companies in the US will take care of paying a portion of your required income tax on your behalf based on some paperwork you fill out when starting work. However, it is up to you as an individual to submit an income tax return. This is used to ensure that you did not end up under or overpaying based on what your company did on your behalf and any other circumstances that may impact your actual tax owed. In my experience, the process is similar in Europe. I think anyone who has a family, a house or investments in Europe would need to file an income tax return as that is when things start to get complex.


"To add to @Dheer's answer, this is almost certainly a scam. The money deposited into your account is not from a person that made an honest mistake with account numbers. It's coming from someone that has access to ""send"" money that isn't their own. I don't know exactly what they're doing to ""send"" the money but at some point in the near future your bank will claw that money back from you on the grounds that it was illegitimately transferred to you in the first place. If you send someone money on the premise that you're returning this money then that will be a separate transaction which won't be undone when the deposit in question is undone. Another possibility is that this person has gained access to an account from which they can send domestic wires but not international wires. Their hope is to send money to someone domestically (you) and that this person will then send the money on to Nigeria. If you comply with them; you, in a worst case scenario, could be seen as a money laundering accomplice in addition to having the deposit taken back from you. It's not very likely you wouldn't be seen as another victim of a scam but people have been thrown in jail for less. You should not respond to this person at all. Don't answer the phone when they call and ignore their emails. Don't delete the emails, it's possible that someone at the bank or LE want them. Call your bank immediately and tell them what's up."


can I be prosecuted for fraud as well? Yes. It is possible in several jurisdictions (e.g. UK). You have (unwittingly) cooperated with the fraudster and arguably been at least an involved party or accessory to a crime or attempted crime. Whether you are actually prosecuted depends on whether the fraud or attempted fraud is reported or detected, whether the prosecutors obtain evidence you knew (or should reasonably have known) that there was some criminal aspect to the events and, at least partly, on your actions once you became aware of the fraud. However I am not a lawyer and law varies from place to place considerably. According to Online Threat Alerts If someone asks you to lend him/her your bank account, debit card and PIN number for a fee, or offer to transfer money to your bank account, ask you to transfer a certain amount to another account, and then asks you to keep the rest as payment, please do not take part in such activity. This type of activity is a money laundering scam, used by criminals to trick people into unknowingly taking part in a crime that can land them in jail. I wouldn't worry too much, you have been extremely naive, foolish and negligent but what matters is how you behave now (probably).


"The issue with your point is that government has/does move to make decisions in the markets to institute their political views or agendas. Of which these views and agenda do not often take into consideration any of the unforeseen consequences in the light of market realities. The market realities which I speak of are everything affected by government action from businesses dealing with the cost of extra added government regulation on their bottom line, employee costs, taxes, the impact of subsidies, and price controls, etc in a competitive market where everyone is looking for an edge over their competitors. However with government many times these market realities are often ignored when making broad and over-reaching governmental polices based on political agendas and the whims of the public rather then on solid and sound economic decisions. Which in turn these governmental polices effect many, many more people then businesses acting for their own needs to ensure their survival in the marketplace. Thus having a president who does not or willfully will not acknowledge how government interaction in the market place can create unintended and often negative results is worse in respects to having a president who does understand how the ""bottom line"" is effected via government action and attempts to reconcile both in light of making a decisions that effects the economy as a whole."


> I had better healthcare when I had a full time job and the company provided it until ACA came around and the company changed the majority of full time positions to part time. There is no reason the ACA would make an employer drop existing health care. Sounds to me like your company wanted to cut your benefits and blamed the ACA.


"The sign that things were in speculation mode and worthless was that shoe shine boys were buying stocks and providing stock advice in 1929. Truck drivers were ""stock market investors"" in 2007, and everybody knew something - it was easy to make money. Now bitcoin's in the same boat. You've got minimum wage earners speculating in bitcoin saying it's a guarantee. There's a sign."


You'll likely get email with your hosting package, but whilst I was originally against it, I can't recommend office 365 enough now. It's a good base to start from and as your business grows you'll never have the headache of changing mail servers and all that, and you can use your own domain.


"There is one other factor that I haven't seen mentioned here. It's easy to assume that if you buy a stock, then someone else (another stock owner) must have sold it to you. This is not true however, because there are people called ""market makers"" whose basic job is to always be available to buy shares from those who wish to sell, and sell shares to those who wish to buy. They could be selling you shares they just bought from someone else, but they also could simply be issuing shares from the company itself, that have never been bought before. This is a super oversimplified explanation, but hopefully it illustrates my point."


I bought my last TV from them. Looked around online for the model I wanted for quite a while. Waited until bb had a clearance sale to get ready for the new models. They had 15% off, I talked with the sales rep and agreed to a 10% discount if I got any length of warranty with them. Talked with the manager for some more and he changed it to 25% total, instead of taking 15 off then 10. Used BB rewards card which gives back 4% in gift cards, paid on a credit card offering 5% cash back on electronics purchases at the time. Used the giftcards to buy a blu-ray player at a 30% discount that was dented. Dented one was broken so they swapped it with a new one the next day for no charge. Would the average person go through any of that trouble? Nope. The average customer wants a tv, walks into best buy, looks at the TVs and chooses the brightest one in their price range.


According to the Trulia reference on the issue, New York is a recourse state. Recourse means that the lender can go after you for the difference between the foreclosure discharge amount (in New York - the higher of the FMV or the actual sale price) and the debt balance. That includes garnishing your wages, seizing your assets, and any other method of collecting the judgement. The relevant law is in the New York Consolidated Laws - RPA Article 13. The option you're talking about is the option any lender has anywhere - not to sue you for the difference (provision 3 of the paragraph): If no motion for a deficiency judgment shall be made as herein prescribed the proceeds of the sale regardless of amount shall be deemed to be in full satisfaction of the mortgage debt and no right to recover any deficiency in any action or proceeding shall exist. So if during the foreclosure they didn't sue you for the difference - they cannot change their mind after that. If you're not sure you can repay the loan - you should probably walk away from the deal.


There are a few incorrect assumptions in your question but the TL;DR version is: All, or most, of the withdrawal is taxable income that is reported on Lines 15a (total distribution) and 15b (taxable amount) of Form 1040. None of the distribution is given special treatment as Qualified Dividends or Capital Gains regardless of what happened inside the IRA, and none of the distribution is subject to the 3.8% Net Investment Income Tax that some high-income people need to compute on Form 8960. If the withdrawal is not a Qualified Distribution, it will be subject to a 10% excise tax (tax penalty on premature withdrawal). Not all contributions to Traditional IRAs are deductible from income for the year for which the contribution was made. People with high income and/or coverage by a workplace retirement plan (pension plan, 401(k) plan, 403(b) plan, etc) cannot deduct any contributions that they choose to make to a Traditional IRA. Such people can always make a contribution (subject to them having compensation (earned income such as salary or wages, self-employment income, commissions on sales, etc), but they don't get a tax deduction for it (just as contributions to Roth IRAs are not deductible). Whether it is wise to make such nondeductible contributions to a Traditional IRA is a question on which reasonable people can hold different opinions. Be that as it may, nondeductible contributions to a Traditional IRA create (or add to) what is called the basis of an IRA. They are reported to the IRS on Form 8606 which is attached to the Federal Form 1040. Note that the IRA custodian or trustee is not told that the contributions are not deductible. Earnings on the basis accumulate tax-deferred within the IRA just as do the earnings on the deductible contributions. Now, when you make a withdrawal from your Traditional IRA, no matter which of your various IRA accounts you take the money from, part of the money is deemed to be taken from the basis (and is not subject to income tax) while the rest is pure taxable income. That is, none of the rest is eligible for the reduced taxation rates for Qualified Dividends or Capital Gains and since it does not count as investment income, it is not subject to the 3.8% Net Investment Tax of Form 8960 either. Computation of how much of your withdrawal is nontaxable basis and how much is taxable income is done on Form 8606. Note that you don't get to withdraw your entire basis until such time as when you close all your Traditional IRA accounts. How is all this reported? Well, your IRA custodian(s) will send you Form 1099-R reporting the total amount of the withdrawal, what income tax, if any, was withheld, etc. The custodian(s) don't know what your basis is, and so Box 2b will say that the taxable amount is not determined. You need to fill out Form 8606 to figure out what the taxable amount is, and then report the taxable amount on Line 15b of Form 1040. (The total withdrawal is reported on Line 15a which is not included in the AGI computations). Note that as far as the IRS is concerned, you have only one Traditional IRA. The A in IRA stands for Arrangement, not Account as most everybody thinks, and your Traditional IRA can invest in many different things, stocks, bonds, mutual funds, etc with different custodians if you choose, but your basis is in the IRA, not the specific investment that you made with your nondeductible contribution. That's why the total IRA contribution is limited, not the per-account contribution, and why you need to look that the total value of your IRA in determining the taxable portion, not the specific account(s) from which you withdrew the money. So, how much basis did you withdraw? Well, if you withdrew $W during 2016 and the total value of all your Traditional IRA accounts was $X at the end of 2016 and your total basis in your Traditional IRA is $B, then (assuming that you did not indulge in any Traditional-to-Roth rollovers for 2016), multiply W by B/(W+X) to get the amount of nontaxable basis in the withdrawal. B thus gets reduced for 2017 by amount of basis withdrawal. What if you never made a nondeductible contribution to your Traditional IRA, or you made some nondeductible contributions many years ago and have forgotten about them? Well, you could still fill out Form 8606 reporting a zero basis, but it will just tell you that your basis continues $0. Or, you could just enter the total amount of your withdrawal in Lines 15a and 15b, effectively saying that all of the withdrawal is taxable income to you. The IRS does not care if you choose to pay taxes on nontaxable income.


HMRC calls it: Averaging for creators of literary or artistic works, and it is the averaging of your profits for 2 successive years. It's helpful in situations like you describe, where income can fluctuate wildly from year to year, the linked article has the full detail, but some of the requirements are: You can use averaging if: you’re self-employed or in a partnership, and the business started before 6 April 2014 and didn’t end in the 2015 to 2016 tax year your profits are wholly or mainly from literary, dramatic, musical or artistic works or from designs you or your business partner (if you’re in a partnership) created the works personally. Additionally: Check that your profit for the poorer year, minus any adjusted amounts, is less than 75% of the figure for your better year. If it is, you can use averaging. Then, check if the difference between your profits for the 2 years is more than 30% of your profit for the better year. If it is, work out the average by adding together the profits for the 2 years, and divide the total by 2.


"The short answer is ""yes"", paying more towards the loan as soon as a you can will reduce the interest. There are calculators or you could work up a spreadsheet using the specialized family of functions: PMT, PPMT, IPMT. My personal view: The amount of interest you offset in this manner is going to be fairly small (I'm going to guess less than $5 or $10 a month, but I haven't done the math). I would say what is more important is to automate your payments at a comfortable level, while making sure your other obligations are taken care of. Then add an extra payment when you save up a chunk of money to pay towards it. Make sure you never miss a payment. That means making sure you set up emergency fund to cover the payments if you lose your job or need to visit a sick family member for a while or the car breaks down or ...."


Think again. **All prosperity** ultimately comes from the generation -the *creation*- of wealth. We create wealth out of the ether when we take a thing -a physical item- which is worth little and turn it into a thing that is worth more with the power of an idea and the application of labor. On a macro scale, that translates into the manufacturing sector. The manufacturing sector in the US has *changed*, it's not gone. It's spectacularly healthy in a plethroa of new ways, while all the old ones have died off or are dying a slow death. The new manufacturing sector demands skill, not just attendance. *Unskilled* work is drying up, because under current laws unskilled people cost more to employ than they can possibly produce, but someone with a skill in trade can get a job in half a heartbeat, especially if they are willing to move to where the job is. No nation of any size can prosper without the internal generation of real wealth. The idea that we can be a nation of bankers and managers is laughable and is precisely what got us into our current situation. The future is and *will always be* in making new things. Labor is not a derogative word and it does *not* equate to a second-class existence, as pay rates are currently demonstrating. It was geniuses working in the trades who were the innovators and entrepreneurs that built American industrial power (thus, economic power) in the first place. It will be again.


There are many gas stations where I live that already have different prices if you pay for cash vs. credit. In addition, some small businesses are doing this as well. My wife bought a birthday cake from a bakery. If you paid with cash, you saved 5%.


"A home actually IS a terrible investment. It has all the traits of something you would NEVER want to plunge your hard-earned money into. The only way that buying a house makes good money sense is if you pay cash for it and get a really good deal. It should also be a house you can see yourself keeping for decades or until you're older and want something easier to take care of. Of course, nothing can replace ""sense of ownership"" or ""sense of pride"" other than owning a house. And your local realtor is banking (really, laughing all the way to the bank) on your emotions overcoming your smart money savvy. This post really goes to work listing all the reasons why a house is a horrible investment. Should be required reading for everyone about to buy a house. Why your house is a terrible investment - jlcollinsnh.com TLDR; - You must decide what is more important, the money or the feelings. But you can't have both. If you read the article linked and still want to buy a house...then you probably should."


December, 9, 2011 (01:30pm) :- December rally comes to be end yesterday. on 1st December Nifty starts with the bullish mark of 5000 but all these rally are hurted by the non - confidence on the FDI policy in multi brand but little bit effect also comes from the hearing on 2G spectrum case in which our home minister Mr. Chidambaram are on the accused on the trials. That's why investors are dissatisfy and starts selling on the Nifty. Our domestic Institutional investors are totally in selling position on 7th December, they sold Rs 190.11 & on 8th December, they are sold Rs 197.51 in stock market. Nifty have strong support at 4850 above this level it's trend totally bullish side.


"> It’s also not coming out of the revenue from Amazon, ie money that could be used to pay workers. It’s stock that derives it’s value from what other people are willing to pay for it. I'm not saying I agree or disagree with the piece, but that bit of logic is like saying ""Sam has been paid $0.03 an hour since the 1980s to stuff Microsoft CD's into packages. His pay has nothing to do with why Bill Gates is so rich, which is solely from his stock in Microsoft."""


(Reuters) - Citigroup Inc Chief Executive Vikram Pandit resigned abruptly on Tuesday, effective immediately, a shock change at the top of the No. 3 U.S. bank just one day after a surprisingly strong quarterly earnings report. Analysts and investors quickly raised red flags about the timing, saying it did not appear to be a natural transition and rather suggested some sort of dispute at the bank. http://news.yahoo.com/citigroup-ceo-vikram-pandit-resigns-121623250--sector.html


"Yahoo's ""Adj Close"" data is adjusted for splits, but not for dividends. Despite Yahoo's webpage's footnote saying *Close price adjusted for dividends and splits. we can see empirically that the ""Adj Close"" is only adjusted for splits. For example, consider Siemens from Jan 27, 2017 to Mar 15, 2017: The Adj Close adjusts for splits: On any particular day, the ""Adj Close"" is equal to the ""Close"" price divided by the cumulative product of all splits that occurred after that day. If there have been no splits after that day, then the ""Adj Close"" equals the ""Close"" price. Since there is a 2-for-1 split on Mar 14, 2017, the Adj Close is half the Close price for all dates from Jan 27, 2017 to Mar 13, 2017. Note that if Siemens were to split again at some time in the future, the Adj Close prices will be readjusted for this future split. For example, if Siemens were to split 3-for-1 tomorrow, then all the Adj Close prices seen above will be divided by 3. The Adj Close is thus showing the price that a share would have traded on that day if the shares had already been split in accordance with all splits up to today. The Adj Close does not adjust for dividends: Notice that Siemens distributed a $1.87 dividend on Feb 02, 2017 and ~$3.74 dividend on Jan 30, 2017. If the Adj Close value were adjusted for these dividends then we should expect the Adj Close should no longer be exactly half of the Close amount. But we can see that there is no such adjustment -- the Adj Close remains (up to rounding) exactly half the Close amount: Note that in theory, the market reacts to the distribution of dividends by reducing the trading price of shares post-dividend. This in turn is reflected in the raw closing price. So in that sense the Adj Close is also automatically adjusted for dividends. But there is no formula for this. The effect is already baked in through the market's closing prices."


"A DCF includes changes in working capital which is a source or use of cash. I also don't like your characterization of enterprise value as ""cashless"" because it's also ""debtless"". It's capital structure independent -- just like a DCF is. **That's the common theme.**"


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You can do a bunch of sales if you price your product too low to make any money. Lots of sales, not much revenue. Kind of like what Square is going through right now. Now if you do a lot of sales at a good price, leading to good revenue and cash flow, THEN you are winning. EDIT: Before people get pedantic over my Square analogy, yes, I know they are making a lot of revenue but their margins are incredibly thin and the bulk of their revenue goes immediately to Visa/MC etc so the analogy still works. Lots of sales, not much green.


While @BrianRogers makes some good points, there are a few things you need to consider from the FICO perspective that I want to lay out simply for you:


Oh man. That's awful. Thank you for sharing this. Hey, I'm writing a larger piece on some of the challenges we face today, and both data overload and data legitimacy are a part of it. It would be great to have someone inside the industry to talk to about this. When I get there do you mind if I reach out to you so I can learn more?


The strategy could conceivably work if you had sufficient quantity of shares to fill all of the outstanding buy orders and fill your lower buy orders. But in this case you are forcing the market down by selling and reinforcing the notion that there is a sell off by filling ever lower buy orders. There is the potential to trigger some stop loss orders if you can pressure it low enough. There is a lot of risk here that someone sees what you are doing and decides to jump in and buy forcing the price back up. Could this work sure. But it is very risky and if you fail to create the panic selling then you risk losing big. I also suspect that this would violate SEC Rules and several laws. And if the price drops too far then trading on the stock would be halted and is likely to return at the appropriate price. Bottom line I can not see a scenario where you do not trigger the stop, net a profit and end up with as many or more stock that you had in the first place.


The big problem with lending money to friends and family is that if things go sour with the deal than you can lose something a lot more valuable than the money associated with the deal. As a result of that I no longer lend money to friends and family. If I have the extra money available and I know someone is really in need I'll give them the money no strings attached before I'll lend any. If they decide to give back the amount given at some point in the future so be it, but there will be no expectations. Thanksgiving dinner just has a different taste to it when someone at the table owes someone else money.


I did this for a few years and the best way I found was via http://xe.com/ It uses a bank transfer from your UK bank to xe.com (no fees from bank or xe). On the Canadian side, they use EFT (Electronic Fund Transfer, no fees from bank or xe.com) They have very competitive exchange rates. To make a transfer, you log in to xe and arrange your transfer. This locks in the rate and tells you how many GBP you need to transfer in. Then, transfer your money from the UK bank into xe using the details they provide. Two or three days later the money shows up in your Canadian acount. There's a bit of paperwork they need to set it up but it's not very hard. After it's set up, everything else is online. Enjoy!


K, welcome to Money.SE. You knew enough to add good tags to the question. Now, you should search on the dozens of questions with those tags to understand (in less than an hour) far more than that banker knows about credit and credit scores. My advice is first, never miss a payment. Ever. The advice your father passed on to you is nonsense, plain and simple. I'm just a few chapters shy of being able to write a book about the incorrect advice I'd heard bank people give their customers. The second bit of advice is that you don't need to pay interest to have credit cards show good payment history. i.e. if you choose to use credit cards, use them for the convenience, cash/rebates, tracking, and guarantees they can offer. Pay in full each bill. Last - use a free service, first, AnnualCreditReport.com to get a copy of your credit report, and then a service like Credit Karma for a simulated FICO score and advice on how to improve it. As member @Agop has commented, Discover (not just for cardholders) offers a look at your actual score, as do a number of other credit cards for members. (By the way, I wouldn't be inclined to discuss this with dad. Most people take offense that you'd believe strangers more than them. Most of the answers here are well documented with links to IRS, etc, and if not, quickly peer-reviewed. When I make a mistake, a top-rated member will correct me within a day, if not just minutes)


"There are mutual funds oriented toward kids or that are suitable in some way (e.g. they have low minimums). Here are two articles with mention of some of them: Of those only USAA First Start Growth is explicitly for kids: http://quote.morningstar.com/fund/f.aspx?t=UFSGX or https://www.usaa.com/inet/pages/mutual_funds_reports Another fund aimed at kids is Monetta Young Investor http://quote.morningstar.com/fund/f.aspx?t=MYIFX or http://www.younginvestorfund.com/ The diversified funds (with fixed income) like USAA First Start Growth, Vanguard STAR, Pax World Balanced, etc. have the nice property that they won't be as volatile and may spend less time ""underwater,"" so that might better convey the value of investing (vs. an all-stock fund where it could be kind of depressing for years on end, if you get bad luck). Though, I feel the same principle applies for adults. Kids may appreciate intangible aspects of the funds, e.g. Pax World Balanced invests in sustainable companies, Ariel Appreciation also has some social parameters and I think the guy running it does charity work with kids, that type of thing. There should be quarterly and annual reports on mutual funds (or stocks) that would give kids something to read and think about related to the investment. Disclaimer: none of these funds are recommendations, I have not researched them in any detail, just giving you some leads."


Investing in individual long-term fixed income instruments now is probably not going to make you much money right now unless you do intend to hold onto the thing and it's low yield for 15 years. The yield is actually not the best out there, see these similar examples: I'm a more aggressive and active investor, so I'd never consider making a 15 year commitment to a low rate like this. If you value stability and safety, and don't care about inflation protection, you may find this an attractive investment. I'm using New York municipal bond funds that I bought a few months back for the stable/safety portion of my portfolio. (I'm a NY resident, so there is a tax benefit)


If someone owns a house that is not paid off...can someone buy it by taking another mortgage? Yes, but I'm not sure why you think the buyer would need to take another mortgage to buy it. If someone sells their home for X dollars, then the buyer needs X dollars to buy the house. How they get that money (use cash, take out a mortgage) is up to them. During the closing process, a portion of the funds generated from the sale are diverted to pay off the seller's loan and any leftover funds after closing are pocketed by the seller. What kind of offer would be most sensible? I assume that in this case the current owner of the house would want to make a profit. The amount that the house is sold for is determined by the market value of their home, not by the size of the mortgage they have left to pay off. You make the same offer whether they own their home or have a mortgage.


Your wild tangents and attacks on liberal straw men demonstrate to me that continued discussion along these lines is futile. I have stated that it is a lesser evil to force business owners to serve the public without prejudice than it is to allow prejudice to thrive unabated in the private sector. You have said nothing regarding this point; you have only repeated your ideological stance that property rights are paramount without providing any evidence to show why this is preferable.


This question is likely to be voted closed as opinion-based. That said - In general people have become accustomed to instant gratification. They also have the media showing them luxury and are enticed every day to buy things they don't need. In the US, the savings rate is awfully low, but it's not just the lower 50%, it's 75% of people who aren't saving what they should. see http://web.stanford.edu/group/scspi/_media/working_papers/pfeffer-danziger-schoeni_wealth-levels.pdf for an interesting article on the topic of accumulated wealth.


As a parent, I call bullshit on this. I may or may not retire rich, but my kids will have more opportunity than I did, and they will have the benefit of learning what I have learned about entrepreneurship, what my wife has learned about medicine, about what we both have learned about health, debt, relationships, sleep, cooking, self reliance, and so on. We are the first generation in each of our families to be upper middle class, none of our parents had college degrees. Our kids go to better schools than we did, and will have more opportunities than we did. If they take advantage of them, they will be more successful than we are. This is not luck. This is by design, because we don't think of the well-being of our kids and future grand kids and future great grandkids in terms of our current income or our own lifetimes. We don't buy the most expensive cars or houses or clothes we can. We save, invest, pay down debt incurred from mortgage and student loans before we knew better, put money into a future for our children. Us focusing our entire lives from the day we graduated from high school with no money and no job up until now, and into the future, has been and will be geared toward making sure my future family has it better than I did or my parents did. Sure, we are lucky enough to have been born now in America and not to have been tragically murdered or disabled, and lucky enough to have had roads and access to public school, but to say my family is simply lucky is horseshit. We are very fortunate and it is important to be grateful for the luck we have had, but decades of focus and sacrifice and dedication with a specific focus on increasing income and saving cannot be dismissed, and a dynastic focus on generational wealth building simply cannot be called only luck.


New technologies continue to emerge rapidly to make things easier for us at homes and offices. But not all of them are appreciated by the users and most of them are discontinued after not receiving the anticipated feedback. However, one technology that emerged as a boon for businesses is of the VoIP or the Voice over Internet Protocol system.


I don't see how this is a problem. It's their homes, not yours. And why are your needs as a long term renter more important than the needs of the other people renting short term? If it truly were a problem, the returns on investment to short term would be lower than long term. I.e., you are ripping off your landlord, he should raise his rent or kick you out and make an airbnb.


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Weird situation. It sounds like there were options for a non implantable, wearable option. The microchip basically serves as an advanced employee badge. I don't understand the outrage at all. My guess is that the people complaining are reacting to the soundbyte instead of the reality of the situation.


Hits to your credit rating for canceling one of the newer cards will be a small hit for a few months. You do have some options. I also believe that a person with good credit should have multiple cards: I like having a cash back card for the majority of our transactions. Unfortunately that card isn't accepted everywhere, so I have two other cards with broad market coverage to make sure we always have an option if the vendor doesn't take the main card. Also having multiple cards makes sure that if there is an issue with one card you are never caught without a card. One time the main card was rejected by a gas station because my wife just used the same account to buy gas across town. When we got home their was a fraud alert message on our phone.


When asked the question “in three words how would you describe yourself?” many interviewees freeze up, or provide a poorly prepared answer such as “nice, smart, tall”, which is in no way helpful to the interviewer. Instead one should choose words that are specific and unique to you and you alone. Here are 100 if you need some help:


As a non medical person, I think it would be difficult to look at a list of services, treatments, surgeries and drug costs and figure out, in advance, which providers I would go to. It would definitely be impossible if I were unexpectedly sick or injured. That's why it would be much easier to have a single payer system to negotiate all those prices. After all, we don't individually have to figure out the best private company from which to buy fire department or police services, or roads, and it seems to work out ok and there isn't any middleman to drive up prices.


"You've laid out a strategy for deciding that the top of the market has passed and then realizing some gains before the market drops too far. Regardless of whether this strategy is good at accomplishing its goal, it cannot by itself maximize your long-term profits unless you have a similar strategy for deciding that the bottom of the market has passed. Even if you sell at the perfect time at the top of the market, you can still lose lots of money by buying at the wrong time at the bottom. People have been trying to time the market like this for centuries, and on average it doesn't work out all that much better than just plopping some money into the market each week and letting it sit there for 40 years. So the real question is: what is your investment time horizon? If you need your money a year from now, well then you shouldn't be in the stock market in the first place. But if you have to have it in the market, then your plan sounds like a good one to protect yourself from losses. If you don't need your money until 20 years from now, though, then every time you get in and out of the market you're risking sacrificing all your previous ""smart"" gains with one mistimed trade. Sure, just leaving your money in the market can be psychologically taxing (cf. 2008-2009), but I guarantee that (a) you'll eventually make it all back (cf. 2010-2014) and (b) you won't ""miss the top"" or ""miss the bottom"", since you're not doing any trading."


yeah... no track record. Here's what I'm predicting: PayPal-like policies designed to keep money in limbo (aka a float operation). Personally, I'm surprised that Visa, Mastercard, et. al. haven't applied Dodd-frank transaction fee limits to prevent square from inserting itself between the consumer and creditor.


Absolutely take advantage of getting your series 7. Sure, you're first position will likely sponsor you, but think of this as having Something on your resume that no other grad will have. If I interviewed a grad who I liked, and he/she still had an effective series 7 license, I'd be drawn to hire him/her. The money id save the comp on sponsoring them and the initiative it shows to receive the 7 while in college would give you more bonus points then anyone else.


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Dude.Maybe some people are sleeping in the next room and I'm lounging and watching the show and the remote isn't at arms length. They all have to get woken up just because the show switched to an ad? I set the fucking tv at the fucking level I want to fucking hear it. That should be enough. Advertisers go out of their way to fuck with the signal to make the ads louder, that shit ain't right. Douche.


How is wanting what he reserved and paid for kicking the ladder out from under him? He reserved and paid a premium for a convertible. If the rental company doesn't want to stock a convertible, don't offer it as a reservable option, and don't charge someone a premium and then give them a non premium car.


There's no way the reader encrypts the data before it gets to the phone. If any of the phones have a backdoor (increasingly more common), the remote attacker can just sit back and soak up credit card numbers. Bad, bad idea.


1.What are the tax implications - income tax, gift tax, wealth tax etc. for the money credited in the NRO Account? As the funds are transferred by your wife to you, there is NO Income. Hence Income Tax rules don't apply. It would be treated as GIFT and come uder Gift Act. As per gift Act, one can transfer unlimited amount between close releatives. The defination of close relative as per Income Tax includes parents, spouse, siblings etc. The interest you earn in NRO account is taxable in India. 2.Can I transfer this money to my parents and would that attract any tax?. I understand my parents will have bear any tax based on income they earn on my transfer... Are there any tax implications for me? You can transfer this money to your parents. This will not be taxable to you. It will not be taxable to your parents as its Gift. Any income earned by your parents on this will ofcourse be taxable. 3.Can I move this money to NRE account and what is the process for that and how easy it is? Its best if you had your wife send funds into NRE account. Direct transfer as much as know is not allowed. Having said that, it is possible to transfer funds out of India via proper paperwork, there is also a limit [quite large] on the amount that can be transferred a year. Get a CA to help you with the paperwork.


No, there is no standard. I see all kinds of paper sizes, and the amount, date, etc. is all over the place. They are all rectangular, but otherwise there seems to be a lot of freedom.