"First, I would recommend getting rid of this ridiculous debt, or remember this day and this answer, ""you will be living this way for many years to come and maybe worse, no/not enough retirement"". Hold off on any retirement savings right now so that the money can be used to crush this debt. Without knowing all of your specifics (health insurance deductions, etc.) and without any retirement contribution, given $190,000 you should probably be taking home around $12,000 per month total. Assuming a $2,000 mortgage payment (30 year term), that is $10,000 left per month. If you were serious about paying this off, you could easily live off of $3,000 per month (probably less) and have $7,000 left to throw at the student loan debt. This assumes that you haven't financed automobiles, especially expensive ones or have other significant debt payments. That's around 3 years until the entire $300,000 is paid! I have personally used and endorse the snowball method (pay off smallest to largest regardless of interest rate), though I did adjust it slightly to pay off some debts first that had a very high monthly payment so that I would then have this large payment to throw at the next debt. After the debt is gone, you now have the extra $7,000 per month (probably more if you get raises, bonuses etc.) to enjoy and start saving for retirement and kid's college. You may have 20-25 years to save for retirement; at $4,000 per month that's $1 million in just savings, not including the growth (with moderate growth this could easily double or more). You'll also have about 14 years to save for college for this one kid; at $1,500 per month that's $250,000 (not including investment growth). This is probably overkill for one kid, so adjust accordingly. Then there's at least $1,500 per month left to pay off the mortgage in less than half the time of the original term! So in this scenario, conservatively you might have: Obviously I don't know your financials or circumstances, so build a good budget and play with the numbers. If you sacrifice for a short time you'll be way better off, trust me from experience. As a side note: Assuming the loan debt is 50/50 you and your husband, you made a good investment and he made a poor one. Unless he is a public defender or charity attorney, why is he making $60,000 when you are both attorneys and both have huge student loan debt? If it were me, I would consider a job change. At least until the debt was cleaned up. If he can make $100,000 to $130,000 or more, then your debt may be gone in under 2 years! Then he can go back to the charity gig."


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I think moreso that advertisers want to be the one that stands out, and as soon as one cranks up the volume they all feel they have to follow suit. I don't know if studies say a louder commercial gets more attention.


Sure, they put millions into developing it, but how much value would you assign information passed between two parties if no money changed hands afterwards? How would you concretely define the transaction in court? Especially since the substance of the information itself is completely unverified! > That is uncertain. All of these allegations are uncertain! There's no evidence, (edit) no (\edit) concrete foundation to any of it. He spent 20 minutes in a room with a Russian. > He did demonstrate an intent to get that thing What he demonstrated was the desire of any campaign employee, to gather opposition research. What concrete value does a piece of information have, however potentially damaging, if it goes unused? Between the gathering of the information and its use, there is an approval process that must be undergone to determine whether the information should be used passed. What evidence do you have that information was passed, that it cleared Trumps desk, and was used? For that matter, what evidence exists that Don Jr isn't telling the truth about what was discussed? That the lawyer did want to speak only about adoption law? She was an assistant DA for crying out loud. High government secrets are simply not within her scope. The media has had a continuous stream of consciousness about Trump from the start. First he's a robber barron, then he's a baffoon, then he's a racist, next he's a tyrant, then he's a spy, now he's a racist again. Their story's changed so many times it's impossible to keep proper track.


Anecdotal evidence, but my company is trying to fill four electronic assembly positions in North East Ohio. We are literally in the backyard of Delphi and GM. We are paying 18-25 dollars an hour with only minimal experience required, full benefits, full time with overtime available. We cannot fill them, plenty of interviews, plenty of people we make contingent offers to, but they all no show or fail the pee test. Its insanity.


"Most of what other ppl are suggesting can be be filed under ""be a good employee"" which it sounds like you already kind of are as a waitress which is why he asked you to interview with him. Things that are maybe more specific to the finance world that can help you out would be more helpful for you. A huge thing I've seen that assistants can do that can be very helpful is to help their boss catch things they may otherwise be too busy to catch themselves. If you can save your boss an hour or two and get him the information he needs to make a more informed decision yourself you will find yourself an invaluable member of the team. Maybe you can suggest the following plan in the interview: - See if you can figure out what types of investments they make and what they specialize in (PM me if you want don't want to share the company name here and I can maybe help you figure that part out) - Set up Google Alerts for anything and everything that might be of interest to the firm. Maybe he invests in certain industry verticals and needs to follow all the trends in that industry very closely. Maybe he handles a specific customer and needs to know anything that might affect their positions in the market. You won't really know any of these details before you get the job but asking the right questions in the interview can show that you are taking an initiative. - Spend an hour or two in the morning (before markets open preferably) preparing a ""Things to Watch"" memo based on his meetings for the day, funds/companies he might be investing in, or general macrofinance trends that he will need to watch out for potentially. This should include things like earnings calls coming up, news announcements, changes in important market indicators, or new reports from market movers (like [Bridgewater's Daily Observations](https://www.bridgewater.com/research-library/daily-observations/)). The goal is to make it so he doesn't have to spend too much time researching these things himself but obviously if he wants to he will have to read up on it himself - you should just give him the ""big picture thesis"" of what's going on and he can take it from there. - Talk a lot about optimization. My personal goal for myself is to take everything I spend any amount of time on and automate it by one order of magnitude. If something takes me 2 days to do, it should only take me 2 hours. If something takes me 2 hours, it should only take me 2 minutes. That way my work gets easier over time and lets me focus on new things that I haven't figured out yet. If you talk about that in the interview I'm sure he'd love to have you help him make his life easier!"


Your question contains two different concepts: fractional reserve banking and debt-based money. When thinking of these two things I think it is important to analyze these items separately before trying to understand how the whole system works. Fractional Reserve Banking As others have pointed out fractional reserve banking is not a ponzi scheme. It can be fraudulent, however. If a bank tells all its depositors that they can withdrawal their money at any time (i.e. on demand) and the bank then proceeds to loan out some portion of the depositors' money then the bank has committed fraud since there is no way they could honor the depositors' requests for their money if many of them came for their money at one time. This is true regardless of what type of money is deposited - dollars, gold, etc.. This is how most modern banks operate. Debt-based money Historically, the Fed would introduce new money by buying US Treasuries. This means Federal Reserve Notes (FRN) are backed by US Treasuries. I agree that this seems strange. Does this mean if I take my FRNs to the Fed I could redeem them for US Treasuries? But US Treasuries are promises to pay FRNs in the future. This makes my head hurt. Reminds me of the definition for recursion: see recursion. Here is an experiment. What if we wanted to recreate FRNs today and none existed? The US government would offer a note to pay 100 FRNs in one year and pay 5% interest on the note. The Fed would print up its first 100 FRNs to buy the note from the US government. The US government would spend the FRNs. The first 100 FRNs have now entered into circulation. At the end of the note's term the Fed should have 105 FRNs since the government agreed to pay 5% interest on the note. But how is the US government going to pay the interest and principal on the note when only 100 FRNs exist? I think this is the central point to your question. I can come up with only two answers: 1) the Fed must purchase some assets that are not debt based 2) the US government must continue to issue debt that is purchased by newly printed FRNs in order to pay back older debt and interest. This is a ponzi scheme. The record debt levels seem to indicate the ponzi scheme option was chosen.


The dividend tax credit is not applicable to foreign dividend income, so you would be taxed fully on every dollar of that income. When you sell a stock, there will be a capital gain or capital loss depending on if it gained or lost value, after accounting for the Adjusted Cost Base. You only pay income tax on half of the amount earned through capital gains, and if you have losses, you can use them to offset other investments that had capital gains (or carry forward to offset gains in the future). The dividends from US stocks are subject to a 15% withholding tax that gets paid to the IRS automatically when the dividends are issued. If the stocks are held in an RRSP, they are exempt from the withholding tax. If held in a non-registered account, you can be reimbursed for the tax by claiming the foreign tax credit that you linked to. If held in a TFSA or RESP, the withholding tax cannot be recovered. Also, if you are not directly holding the stocks, and instead buy a mutual fund or ETF that directly holds the stocks, then the RRSP exemption no longer applies, but the foreign tax credit is still claimable for a non-registered account. If the mutual fund or ETF does not directly hold stocks, and instead holds one or more ETFs, there is no way to recover the withholding tax in any type of account.


"I think a lot of this goes to the short-sightedness of the government that was in place at the time of the first default. They caused it, and their attempt at cleaning things up just kicked the can down the road. If they would have added in a ""class action"" clause that most bonds now have, what they settled with a majority would apply to all bond-holders. What they did was the opposite: added in a clause in which the low-water mark was set by the deal that was least favourable for them. It was probably a misguided attempt at assuaging the markets with the consequences we now see..."


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Also - the more credit facilities you have, the risikier you get. Say Company A lends you $8.000 for a down-payment - let's say you then go out and max out your other 100k facilities - you now have debt of 108k. What guarantee does the Company A have of repayment? Fewer credit facilities = better chance of getting a new loan.


"Realistically, fair is whatever you all mutually agree upon. Some people can do means based splits, some people can't. My recommendation is to split things evenly, based on actual used space or usage. Do you have a 2BR with similarly sized rooms? Break it up by room, so in this case your GF and you pay 50% and the other person pays 50%. Maybe there's a garage or one BR is bigger. I've seen splits not 50-50 based on these factors. You may consider paying a third all around for rent but I would try to avoid solutions that are not usage based. If you don't and try for a ""means"" based split, best case scenario is nothing really is different. But the worst case scenario is setting yourself up to be taken advantage of - because you are effectively subsidizing other people, this often changes relationships. Not always, but often. Frankly, the best option here is to find a place that is more affordable for everyone. Trying to make it so that your GF and roommate are not going to be in a difficult financial place by living with you, it resolves all the problems here."


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> Perhaps Western Europe should take responsibility for the shit they started in the first place when they proposed that trade pact with the Ukraine. I saw one (1) Reuters article where they sort of admitted that they sort of messed up and that's the last thing I saw of it. I should have bookmarked that as articles covering that are as scarce as hen's teeth.


Hi LY, It's really great you are doing this and I hope some of the suggestions help you. When I was in wonderful Angkor Wat a few things struck me as very helpful 1. Make your Tuk Tuk recognizable and write you name somewhere, this way when I go out of a temple you will be easy to spot 2. You seem to speak English well this is an important aspect your customers will really appreciate 3. From what I've seen the methods for getting customers for your Tuk Tuk in Siem Reap is as follows: Get them when they get off the bus and drive them to the hotel, then try to tell them to invite you back the next day for taking them to Angkor Wat. I am sure this works but since everybody are doing it I imagine it's the hardest way for customer acquisition. You can distinguish yourself from the other drivers by: a. Making sure you show the customers you have excellent English and you can share you knowledge with them b. Sell western style, kind of less pushy, smile at a potential customer when they see you they will smile back. Talk to them in your normal voice volume this will make them come closer since they want to hear what a nice smiling guy like is saying. Then explain their options for visiting the temples. 4. Make deals with hotels and hostels. People trust the receptionists at their hotel more than street Tuk Tuks. It is highly likely they will ask the reception for the best way to get to Angkor Wat and you should be the one they recommend. Try getting on as many lists as possible and high up that list as possible. 5. Having cold water, wet wipes and other commodities are nice ideas but I am not sure this will what get people IN your Tuk Tuk. It will only make them more satisfied once they are inside. It might be to hard and expensive to keep them ice cold but you can suggest travelers to stop at a kiosk where they can but some supplies before the trip. Or make a deal with a kiosk and before you exit Siem Reap stop there and give them a fresh water bottle from the fridge. Most importantly don't spend money on stuff like mufflers and curtains before you are sure they are money makers. I am pretty sure 99% of customers will not notice they extended mufflers. They take fresh air for granted. I hope you found this helpful and please feel free to message me. Hope to see you soon!


Sounds like he's just had the theory playing in his head since someone told him they did that instead of just purchasing it and going in to payments. Perhaps I need to sit down and calculate it for my clueless self.


If anyone offers you guaranteed better than average returns, run. They are either lying to you or to themselves. (Claiming that they will try to beat the market is more credible, but that becomes a matter of whether there is any reason to believe that they'll succeed.) If anyone sends you an unsolicited stock tip, run. They wouldn't be doing so if it wasn't an attempt to manipulate you or the market or both. Most likely its a pump-and-dump attempt.


Yeah that is definitely the venue. I worked for a concert promoter that used Ticketfly. Unless they've completely changed their fee structure over the past year and a half a $20 ticket would have roughly a $5 service fee. The only reason I could think of it being that high is it being a big venue and their facility fee being high


Phone conversations are useless if the company is uncooperative, you must take it into the written word so it can be documented. Sent them certified letters and keep copies of everything you send and any written responses from the company. This is how you will get actual action.


They could if they wanted. It's of course illegal to do if you didn't authorize it, and to process credit cards, they need to have a relationship with a credit card processing company, which is not so easy to fake - not any Joe could do that using a fake ID. Note that you are protected through your credit card company; if you tell them it's an unauthorized charge, they'll return it to you without discussion. It is then the vendor's duty to prove that it was authorized, and if he cannot, he'll pay extra fees to the processing company. Overall, the risk is very small; it shouldn't be your worry.


"You don't want to do that. DON'T LIE TO THE IRS!!! We live overseas as well and have researched this extensively. You cannot make $50k overseas and then say you only made $45k to put $5k into retirement. I have heard from some accountants and tax attorneys who interpret the law as saying that the IRS considers Foreign Earned Income as NOT being compensation when computing IRA contribution limits, regardless of whether or not you exclude it. Publication 590-A What is Compensation (scroll down a little to the ""What Is Not Compensation"" section). Those professionals say that any amounts you CAN exclude, not just ones you actually do exclude. Then there are others that say the 'can' is not implied. So be careful trying to use any foreign-earned income to qualify for retirement contributions. I haven't ran across anyone yet who has gotten caught doing it and paid the price, but that doesn't mean they aren't out there. AN ALTERNATIVE IN CERTAIN CASES: There are two things you can do that we have found to have some sort of taxable income that is preferably not foreign so that you can contribute to a retirement account. We do this by using capital gains from investments as income. Since our AGI is always zero, we pay no short or long term capital gains taxes (as long as we keep short term capital gains lower than $45k) Another way to contribute to a Roth IRA when you have no income is to do an IRA Rollover. Of course, you need money in a tax-deferred account to do this, but this is how it works: I always recommend those who have tax-deferred IRA's and no AGI due to the FEIE to roll over as much as they can every year to a Roth IRA. That really is tax free money. The only tax you'll pay on that money is sales tax when you SPEND IT!! =)"


Your insight front the meeting is interesting. It's a single data point but likely representative. The hive clearly find your post self engrandizing and down votes ensue. While I enjoy stories of companies self emulating, the successful pivots are my favorite


Can you give more detail on the problem? If you can model it with a one step binomial tree, then the price is favourable as long as the chance to multiply is P(S^1 = 10 S^0 ) > 0.1. If you don't know the probabilities, then the usual go-to is to determine what probability space is that would lead to an expected profit (plus an error, and a cushion for risk aversion if the bet is sufficiently large).


"Condensed to the essence: if you can reliably get more income from investing the cost of the house than the mortgage is costing you, this is the safest leveraged investment you'll ever make. There's some risk, of course, but there is risk in any financial decision. Taking the mortgage also leaves you with far greater flexibility than if you become ""house- rich but cash-poor"". (Note that you probably shouldn't be buying at all if you may need geographic flexibility in the next five years or so; that's another part of the liquidity issue.) Also, it doesn't have to be either/or. I borrowed half and paid the rest in cash, though I could have taken either extreme, because that was the balance of certainty vs.risk that I was comfortable with. I also took a shorter mortgage than I might have, again trading off risk and return; I decided I would rather have the house paid off at about the same time that I retire."


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You can buy DIY will kits from office supply shopes like Staples or specialized publishers like Nolo or Quicken. The most important factor for you to consider will be the witness rules in your state to ensure the validity of your will later. Nolo has a lot of good information in this regard. Hopefully this is helpful :)


"The statement can be true, but isn't a general rule. Crashes and recessions are two different things. A crash is when the market rapidly revalues something when prices are out of equilibrium, whether it be stocks, a commodity or even a service. When the internet was new, nobody knew how to design webpages, so web page designers were in huge demand and commanded insane price premiums. I literally had college classmates billing real companies $200+/hr for marginal web skills. Eventually, the market ""clued up"" and that industry collapsed overnight. Another example of a crash from the supply point of view was the discovery of silver in the western US during the 19th century -- these discoveries increased the supply of the commodity to the point that silver coin eroded in value and devastated small family farms, who mostly dealt in silver currency. Recessions are often linked to crashes, but you don't need a crash to have a recession. Basically, during a recession, trade and industrial activity drop. The economy operates in cycles, and the euphoria and over-optimistic projections of a growing or booming economy lead to periods of reduced growth where the economy essentially reorganizes itself. Capital is a (if not the) key element of the economic cycle -- it's a catalyst that makes things happen. Debt is one form of capital -- it's not good, not bad. Generally cheap capital (ie. low interest rates) bring economic growth. Why? If I can borrow at 4%, I can then perform some sort of economic activity (bake bread, make computers, assemble cars, etc) that will earn myself 6, 8 or 10% on the dollar. When interest rates go up, economic activity slows, because the higher cost of credit increases the risk of losing money on an investment. The downside of cheap capital is that risk taking gets too easy and you can run into situations like the $2M ranch houses in California. The downside of expensive/tight capital is that it gets harder for businesses to operate and economic activity slows down. The effects of either extreme cascade and snowball."


"I am not referring to grafting... grafting does not even modify genes in any way, all it does is make a single-use plant that has two different fruits growing on it. I am referring to human-guided pollination and human-guided hybridization to encourage selective traits, something that botanists and farmers have been doing for thousands of years, long before genes were even known to exist. Every single apple commercially sold is a result of human-guided evolution, there are no ""virgin varieties"" anymore and haven't been for hundreds of years. The same is true of bananas and cotton and many other cash crops. The difference between human-guided evolution thousands of years ago is not safety - any single plant hybrid created by traditional means could just as easily be the ""apocalypse crop"" as one created with modern gene manipulation methods. In fact, modern gene manipulation methods are FAR SAFER as one can computer model the expected outcome of what is going to happen, instead of simply crossing your fingers and hoping for the best. And part of participating in organic food production is a discontinuation of petrochemical fertilizer. Yes, we use vast amounts of petroleum product to fertilize farmland. If you want to reduce our reliance on fossil fuels, organic production is part of that. Actually studies show that the incredibly reduced yields and efficiencies resulting from organic farming INCREASE the carbon footprint of organic crops, and that organic is actually the most environmentally un-friendly way to farm... so you're dead wrong. http://appliedmythology.blogspot.ca/2013/04/six-reasons-organic-is-not-most.html"


You may have to ask each tenant to provide copies of bank statements or copied of deposited checks indicating what was paid, to whom and when. Using a spreadsheet is a good idea. It doesn't have to be complicated. If everyone co-operates then this exercise might not be too much of a hassle. But if anyone is combative or unwilling to produce these records, I would recommend reminding them that their other choice is to take each other to court where these records would be required anyway - or face eviction if the landlord doesn't get paid.


Unless your investments are held within a special tax-free account, then every sale transaction is a taxable event, meaning a gain or loss (capital gain/loss or income gain/loss, depending on various circumstances) is calculated at that moment in time. Gains may also accrue on unrealized amounts at year-end, for specific items [in general in the US, gains do not accrue at year-end for most things]. Moving cash that you have received from selling investments, from your brokerage account to your checking account, has no impact from a tax perspective.


"During GM's Chapter 11 reorganization in 2009, a new company was formed, with new stock. The old General Motors Corporation was renamed to ""Motors Liquidation Company,"" and the new company was named ""General Motors Company."" The new company purchased some of the assets from the old company, and the old company was left to sell off the remaining assets and settle the debts. None of the stock transferred from the old company to the new one; if you were a GM stockholder of the old company and didn't sell, it is now worthless. When the new company formed, the stock was not traded publicly. The company was primarily owned by the United States and Canadian governments; together, they owned 72.5%. In 2010, GM had an IPO, and the US government sold most of their stake. By the end of 2013, the US government sold the remaining stake; the government no longer has any ownership in GM. When we talk about voting rights for stockholders, we are mainly talking about voting for the members of the board of directors. And yes, the government did indeed have a hand in selecting the board of the new company. The Treasury Department selected 10 members of the board, and the Canadian government selected 1 member. There were 19 board members total. (Source) Unlike some companies, there are not ""voting"" and ""non-voting"" classes of GM stock. All the shares sold by the US government are voting shares. Additional Sources:"


It's three and four times what it was just a few years ago. That spike has regularly been blamed on refining capacity. There is a disconnect. Also, you cannot compare with the rest of the world unless you're going to break down cost, taxes, etc.


Ebates is great for getting a little extra discount once you find what you are looking for. You can usually get about 2%-4% off from places like Dell, Staples, Home Depot, etc. What I do is do my research/shopping first and then add the item to the cart, then head over to Ebates and click through back to the store I was just on, and then purchase the item. Ebates will track the purchase and send you a check about once every 3 months. It is not much and not reflected in the price immediately but still it is a savings of some sort.


I’ve explained a lot of shit to you, and you don’t want to understand it because it hurts your worldview. I’ve given you a shitload of data to go off. You can even look at pew world surveys and Trump approval globally. http://www.pewglobal.org/2017/06/26/u-s-image-suffers-as-publics-around-world-question-trumps-leadership/ How do you think those opinions impact people choice of where they want to go for vacation. I don’t want to go to Russia, North Korea or Venezuela, because of their political situation. It’s a similar case for people who might’ve come here, but won’t because of things like the travel ban. 25% of our tourists come from Mexico alone every year. Do you think they want to come to Trumpland? You have to connect the dots. I told you I’m not going to hold your hand. I’ve done enough. If you don’t understand this shit, then stop voting for people like Trump and remove yourself from our political situation because you’re clearly unqualified to make an educated decision


If I recall correctly, the pay schedule is such that you initially pay mostly interest. As James Roth suggests, look at the terms of the loan, specifically the payment schedule. It should detail how much is being applied to interest and how much to the actual balance.


Will I have to pay Income Tax/Capital Gain Tax in India for the full amount or 50% of the amount. Assuming you were the owner of the plot, you have to pay capital gains tax on the full amount. Current at 10% without indexation and 20% with indexation. Rest of amount will be used to purchase property in India. If you are re-investing the money into capital assets, you are not liable to pay Capital Gains for the amount invested. This is applicable only for first 2 houses. Consult a CA. What is the procedure to transferring the money to him. What declaration in have to give to the Bank (any Forms to fill) Under the liberalized remittance scheme you can transfer upto USD 1 Million per year. A CA certificate is required declaring the purpose and giving certificate that taxes are paid. Please contact your Bank or CA to guide further.


Simply NO, you can NOT be put in prison for unpaid debt in America!! However, if you commit a crime to earn wealth, you can be put in prison for that.


When a delisting happens, the primary process involves, the firm or the entity, trying to buy everyone out so that they can take the firm private by delisting from the stock exchanges. As the firm wants to buy everyone out, the current owners of the equity have the upper hand. They wouldn't want to sell if they believe the firm has a brighter future. So to compensate the existing holders, the buyer needs to compensate the current holders of any future loss, so they pay a premium to buy them out. Hence the prices offered will be more than the current existing price. And in anticipation of a premium the stocks price rises on this speculation. The other scenario is if the current holder(s) decide no to sell their holdings and are small in number, dependent on exchange regulations, and the buyer manages to de-list the stock, the holders might loose out i.e. they have to find another buyer who wants to buy which becomes difficult as the liquidity for the stock is very minimal. if any stock is DE-listed and then we can not trade on it, In India if the promoters capital is more than 90%, he can get the stock de-listed. There is a process, he has to make an open offer at specified price to minority shareholders. The minority shareholder can refuse to sell. Once the stock is de-listed, it means it cannot be traded on a given exchange. However you can still sell / buy by directly finding a buyer / seller and it's difficult compared to a listed stock.


>We are the second most charitable country on the planet (source: world giving index), if Granny can't find support, she isn't really looking. Americans donated $212 billion to charity, sure, but the total Medicaid budget was $553 billion in 2016. The amount of support charity can provide just isn't as great as the amount public assistance can provide, and how could it? You will always get more money out of people when you point a gun at them than when you ask nicely. >The support is there for those genuinely in need. I like how your assertion has a built-in way to move the goal posts. If she can't get support, then it *must* be because she didn't *genuinely* need help. >And, the money goes further because it doesn't have to pay bureaucrat salaries. Do you not know how charities work? They have bureaucrats too, and they don't work for free.


I am; I bought the house as a preforeclosure (short sell) at 120000; 100% financed with a USDA loan and lived there for about 5 years before my wife and I took a job in Birmingham. With a 30 yr fixed rate... 119000 is about as low as I can go before I would have to come out of pocket at closing to get the lien released... and the problem is there's nothing left in my pockets..


It's a drive by swipe at technicals, which is fine and all, but I always thought technicals effectively provide odds of an event happening. For example, $XYZ price is a support level, therefore there are increased odds it will bounce higher from these levels, rather than an implied *guarantee* the support will hold.


There are many family owned companies in the United States that have taken up strategies to remain private and remain profitable. There are now [numerous graduate level courses in business designed exclusively for family (private) businesses](http://www.google.com/search?client=safari&rls=en&q=family+business+curriculum&ie=UTF-8&oe=UTF-8). The private business has big advantages in today's world because it does not have to focus on quarterly reports and because it does not have to fear raiders if it has a lot of cash.


I don't really see this mentioned by anyone, but mobility is also a big factor. There are a lot of people who no longer live anywhere near where they grew up or where their parents or extended family live now. Great solid furniture (or anything 2+ states away from your home) is expensive to move. My parents may have a great desk that I'd love to have someday - but probably not if it means I have to arrange to ship it from Arizona to Chicago and wonder if it's still going to be so great after the stresses of moving. I still have some of the things they left behind when they moved like the head and foot boards for my childhood bed - taking up space in the garage, maybe to be useful if having kids had been part of my lot in life. As it is, they'll end up in the trash when I get around to cleaning the garage or move. A lot of the place in the world for family heirlooms went the way of the family homestead.


http://www.reddit.com/r/investing/comments/2d15nj/everything_is_on_the_table_property_businesses/cjl7nxp >Not to brag, but I started with 12k a year ago and I plan on having 1M by next year... I think it's entirely possible with smart trades and a lotttttt of self-education. I made the majority of it on penny stocks so far, but have recently switched primarily to options plays and have had some very bad luck, but mostly good fortune. So, in that vein, in your hypothetical situation, I would pay myself to educate myself and then trade for the 1M and keep all the fees that would be paid to someone for everything that was done.. Then I would take the remainder of the 10 years off and travel around the world :) RachelTrades, You are walking into a buzzsaw. You do not understand the risks you are taking, and your gambles will inevitably result in you losing nearly everything. Do yourself a favor and discuss your investing process with a professional. Describe your trades and how you evaluate your positions with this individual and try and hear them when they tell you how badly you are setting yourself up for ruin. I realize that you have no reason to listen to a random person on the internet, but I hope that you are able to take a moment of honest reflection and save yourself


First: great job on getting it together. This is good for your family in any respect I can think of. This is a life long process and skill, but it will pay off for you and yours if you work on it. Your problem is that you don't seem to know where you money goes. You can't decide how whacky your expenses are until you know what they are. Looking at just your committed expenses and ignore the other stuff might be the problem here. You state that you feel you live modestly, but you need to be able to measure it completely to decide. I would suggest an online tool like mint.com (if you can get it in your country) because it will go back for 90 days and get transactions for you. If you primarily work in cash, this isn't helpful, but based on your credit card debt I am hoping not. (Although, a cash lifestyle would be good if you tend to overspend.) Take the time and sort your transactions into categories. Don't setup a budget, just sort them out. I like to limit the number of categories for clarity sake, especially to start. Don't get too crazy, and don't get too detailed at first. If you buy a magazine at the grocery store, just call it groceries. Once you know what you spend, then you can setup a budget for the categories. If somethings are important, create new categories. If one category is a problem, then break it down and find the specific issue. The key is that you budget not be more than you earn but also representative of what you spend. Follow up with mint every other day or every weekend so the categorization is a quick and easy process. Put it on your iPhone and do it at every lunch break. Share the information with your spouse and talk about it often.


"See this question regarding the relationship between a HDHP (High Deductible Health Plan) and an HSA (Health Savings Account). In brief, to qualify for an HSA you must have a HDHP: HDHPs are plans with a minimum deductible of $1,200 for self-only coverage and $2,400 for self-and-family coverage. The maximum amount out-of-pocket limit for HDHPs is $5,950 for self-only coverage and $11,900 for self-and-family coverage. As mentioned by Stainsor, your insurance can either come from your employer, or it can be an individually purchased plan. The HSA can be bundled as part of a package with the insurance, or it can be an account you set up separately. Contributions you make to the HSA are tax deductible. You'll report the amount you contributed when you file your taxes the following year. E.g. in April 2012 you'll report (and deduct) the amount of HSA contributions you made for tax year 2011. I'm not sure what kind of trouble you'll get into if you have an HSA without having a qualified HDHP. To answer the main part of your question: Different HSAs may have slightly different features, but I've typically seen them provide the following ways to withdraw funds: Via a debit card issued with the account. You can use the debit card to pay for things like drugs at the pharmacy, or at a doctors' office that requires payment at the time of service. Via online bill pay. You can use this to pay bills from hospitals, doctors' offices, or other healthcare service providers that send you bills. Via paper checks. For doctors' offices that require payment at time of service but don't accept plastic. (Or if you prefer not to use online bill pay.) Via withdrawal at a teller window or ATM. You can use this to ""reimburse yourself"" for healthcare expenses that you paid out of pocket. The issue of documenting legitimate expenses and/or qualifying for the account with an HDHP is between you and the IRS. The bank at which your HSA is kept doesn't really care whether you comply with the tax laws."


The Gold View thuộc chuỗi bán chung cư TP HCM nằm tại mặt tiền số 346 Bến Vân Đồn, Phường 1, Quận 4, TP HCM với hướng nhìn về Quận 1 và dòng sông Bến Nghé. Kết nối giao thông thuận tiện qua các quận trung tâm thành phố.


Not all debt is bad. If it carries a reasonable interest rate, you don't need to clear it immediately. As for investing in an index fund, they're an affordable, easy way to spread your money over various assets. However, asset allocation is just one of many investment strategies. Ideally, you want to invest according to your goals, tax situation, and risk tolerance. You want a portfolio that dynamically allocates to various investment strategies, both beta and alpha, according to changing market conditions. Most importantly, you want systematic risk management for every aspect of your investments.


"Although this has been touched upon in comments, I think the following line from the currently accepted answer shows the biggest issue: There is a clear difference between investing and gambling. The reality is that the difference isn't that clear at all. Tens of comments have been written arguing in both directions and looking around the internet entire essays have been written arguing both positions. The underlying emotion that seems to shape this discussion primarily is whether investing (especially in the stock market) is a form of gambling. People who do invest in this way tend to get relatively emotional whenever someone argues that this is a form of gambling, as gambling is considered a negative thing. The simple reality of human communication is that words can be ambiguous, and the way investors will use the words 'investments' and 'gambles' will differ from the way it is used by gamblers, and once again different from the way it's commonly used. What I definitely think is made clear by all the different discussions however is that there is no single distinctive trait that allows us to differentiate investing and gambling. The result of this is that when you take dictionary definitions for both terms you will likely end up including lottery tickets as a valid form of investment. That still however leaves us with a situation where we have two terms - with a strong overlap - which have a distinctive meaning in communication and the original question whether buying lottery tickets is an investment. Over on investorguide.com there is an absolutely amazing strongly recommended essay which explores countless of different traits in search of a difference between investing and gambling, and they came up with the following two definitions: Investing: ""Any activity in which money is put at risk for the purpose of making a profit, and which is characterized by some or most of the following (in approximately descending order of importance): sufficient research has been conducted; the odds are favorable; the behavior is risk-averse; a systematic approach is being taken; emotions such as greed and fear play no role; the activity is ongoing and done as part of a long-term plan; the activity is not motivated solely by entertainment or compulsion; ownership of something tangible is involved; a net positive economic effect results."" Gambling: ""Any activity in which money is put at risk for the purpose of making a profit, and which is characterized by some or most of the following (in approximately descending order of importance): little or no research has been conducted; the odds are unfavorable; the behavior is risk-seeking; an unsystematic approach is being taken; emotions such as greed and fear play a role; the activity is a discrete event or series of discrete events not done as part of a long-term plan; the activity is significantly motivated by entertainment or compulsion; ownership of something tangible is not involved; no net economic effect results."" The very interesting thing about those definitions is that they capture very well the way those terms are used by most people, and they even acknowledge that a lot of 'investors' are gambling, and that a few gamblers are 'investing' (read the essay for more on that). And this fits well with the way those two concepts are understood by the public. So in those definitions normally buying a lottery ticket would indeed not be an investment, but if we take for example Vadim's operation example If you have $1000 and need $2000 by next week or else you can't have an operation and you will die (and you can't find anyone to give you a loan). Your optimal strategy is to gamble your $1000, at the best odds you can get, with a possible outcome of $2000. So even if you only have a 1/3 chance of winning and getting that operation, it's still the right bet if you can't find a better one. this can suddenly change the perception and turn 'gambling' into 'high-risk investing'."


if it was not China, then India, Brazil, South Africa, or Russia... the companies want lower taxes and wages, and will go where these are, in Brazil where I live there is a Shenzhen and Hong Kong equivalent(Polo de manaus), but never boomed because China had even lower wages and taxes, if the taxes were lower maybe the factories would come back but I doubt. simplify the law and the taxes would be enough of a change for a start. each day america looks closer to Brazil's 16 metric tons of taxes law and 69% corporate taxes


From the message you report, it sounds like you are trying to sell the same shares twice, you have two open sell orders for the same shares. Either you have accidentally entered two sell orders, or the web site is having a technical problem. I'm not a customer of Fidelity so I can't say what their web site looks like, but there should be some screen that shows your open orders. If looking there doesn't resolve the issue, call customer service.


Mines 3 years old, aside from 1 memory hungry game where it still mostly plays well but sometimes stutters on, it's all a-okay. Updates and all. Probably will keep it 1 more year as a game isn't worth upgrading a phone over. Might switch if the competition is good, I do hate lightning jack with a passion though.


I'll still only probably buy in stores. Who wants to keep sending shit back? Even within the same brand you have two shirts/shorts/shoes/jeans that are pretty much the same but different sizes. Puma is great at having similar style shoes that are the same size but one will run big or small. Its ridiculous. They don't even bother to tell you on their site a shoe runs big or small. With clothes, you want it to look good on you even though it fits. I try on a bunch of shirts and pants and might buy 1 or 2 of each. I would need to order and return a ton of clothes if I were to buy online. I still do with some things like gym shorts, underwear, etc... but not with everything.


">[**""Anyone, anyone"" teacher from Ferris Bueller's Day Off [1:16]**](http://youtu.be/uhiCFdWeQfA) >>Ben Stein as Uber Dork economics teacher in ""Ferris Bueller's Day Off"" 1986. True in teen comedies, true in real schools and universities to this day.. Sad but Hilarious > [*^pmw8000*](https://www.youtube.com/channel/UCKShr_bETNgL03liDIw4PkA) ^in ^Comedy >*^1,362,826 ^views ^since ^Dec ^2011* [^bot ^info](/r/youtubefactsbot/wiki/index)"


Ignoring the wildly unreasonable goal, I'll answer just the Headline question asked. It's possible to choose dividend paying stocks so that you receive a dividend check each month. Dividends are typically paid quarterly, so 3 stocks chosen by quality first, but also for their dividend date will do this. To get $2000/mo or $24,000/yr would only take an investment of $600,000 in stocks that are yielding a 4% dividend.


I think the big problem with unions is that their original reason for existence is obsolete. They existed to ensure safe working environments, fair pay and job security. In today's world, all of those things are law. At some point, unions became political machines whose goal it is to take membership dues and use that money to get their candidates elected. Once elected, these union-friendly politicians use their power to give unfair advantages to union members which ends up costing tax payers. Contracts are awarded unfairly, job sites are forced to higher x number of union employees and people are forced to join and pay dues, just to get a certain job. This is especially true in the public sector.


Yes, I'd rather spend a little more money to sustain something that doesn't work while we figure out how to replace it than cut the cord and literally put the lives at millions at risk? Do you not value human life?


The question isn't sales but profits. Banks traditionally profit by making loans. Just as with a physical product, there are costs involved, income produced, and the difference between the two is gross profit. From there you can get net profit, and from there you can look at efficiency or profit per share or whatever other metric floats your boat. Or you can just buy index funds, get average rates of return, and not have to think about it.


Most larger corporations need to focus on the bottom line to appease their current and prospective investors. It can actually be quite the vicious cycle, and why people would be better off as a whole if we had more mom and pop stores.


"This is the best tl;dr I could make, [original](https://www.swissinfo.ch/eng/private-bankers_patience-wearing-thin-for-negative-interest-rates/43174886) reduced by 77%. (I'm a bot) ***** > Negative interest rates are the bane of the financial sector - and the longer they remain, the louder bankers cry foul. > He noted that &quot;The voices criticising negative interest rates have become louder and more numerous. We no longer feel alone.&quot; He added that he hoped future conditions might allow &quot;Our central bank to loosen its stranglehold&quot; on interest rates. > The Private Banking Day organisers even invited along German economist Hans-Werner Sinn to help them ram home the point that negative interest rates are bad. Sinn warned that the countries most likely to suffer from such monetary policy are those where house prices have risen rapidly in recent years - Switzerland, Germany and Austria. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6ejahv/patience_wearing_thin_for_negative_interest_rates/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~133488 tl;drs so far."") | [Theory](http://np.reddit.com/r/autotldr/comments/31bfht/theory_autotldr_concept/) | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **bank**^#1 **interest**^#2 **rate**^#3 **Swiss**^#4 **Negative**^#5"


how many transactions per year do you intend? Mixing the funds is an issue for the reasons stated. But. I have a similar situation managing money for others, and the solution was a power of attorney. When I sign into my brokerage account, I see these other accounts and can trade them, but the owners get their own tax reporting.


Looks like there are no specific rule in India to prevent Wash sales. See the link below. http://economictimes.indiatimes.com/wealth/personal-finance-news/investors-can-rejig-portfolio-book-short-term-loss-to-save-tax/articleshow/7812788.cms?intenttarget=no


"This is the best tl;dr I could make, [original](https://www.bloomberg.com/view/articles/2017-10-17/fixing-macroeconomics-will-be-really-hard) reduced by 93%. (I'm a bot) ***** > Five or six years ago, with the hangover from the Great Recession still dominating the national conversation, macroeconomic policy was all the rage. > They basically draw three lessons from the crisis: 1) the financial industry matters, 2) government should use a wider array of policies to fight recessions, and 3) recessions can last longer than expected. > The real sea change is the third one - the reconsideration of what recessions really are. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/76z3uv/fixing_macroeconomics_will_be_really_hard/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~229920 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **Recession**^#1 **policy**^#2 **macroeconomic**^#3 **models**^#4 **macroeconomists**^#5"


I think where TiVo went wrong is not securing contracts with as many cable/satellite service companies as they could. It was an amazing product that has truly revolutionized television. They had to know service providers would be right on their heels with similar products and would be a cheap rental as opposed to hundreds of dollars of upfront cost. Now every service provider has their own DVR, and none have that TiVo logo on it.


They all basically mean the same thing - a type of debt than can be exchanged for (converted into) equity at some point. It's only the mechanics that can be different. A convertible bond is structured just like a regular bond - it (usually) pays periodic interest and has a face value that's due at maturity. The difference is that the bond holder has the option to exchange the debt for equity at some point during the life of the bond. There can be restrictions on when that conversion is possible, and they typically define a quantity of equity (number of shares) that the bond can be converted into. If the market price of the shares goes above a price that would make the shares more valuable than the bond, it's in the best interest of the bond holder to convert. A convertible note is typically used to describe a kind of startup financing that does not pay interest or have a face value that's redeemed, but instead is redeemed for equity as part of a later financing round. Rather than specifying a specific number of shares, the bond holder receives equity at a certain discount to the rest of the market. So they both are debt instruments that can turn into equity investments, just through different mechanisms. A debenture is a fancy word for unsecured debt, and convertible debt could be used to described either structure above, so those terms could mean either type of structure.


I'd invest in yourself. Start up a side business. Take a certification class that gets your foot in the door for something else (auctioneering, real estate sales, whatever). Bid on a storage auction and try to re-sell it. Learn Spanish (or whatever second language is best for your area). And so forth. Most of the suggestions thus far are either debt reduction or passive investment. You have good control on your debt, and most passive investments pay jack (though Lending Club might be a bit better than most). Build up another basket to put your eggs in and build equity and cash flow instead of interest and dividends. You're young. This is the time to learn how to do it.


I lived in canberra. How did you end up in china ? So if the chinese were to revolt today, what would happen ? I would assume the government would try to stop them, its just hard for me to know how successful it would be or how many people would actually join in.


First suggestion: Investigate refinancing the auto loan with a reputable credit union or bank. I reduced my costs by changing my auto loan to Pentagon Federal Credit Union, which charges about 4% interest rate (compared to 6% which was the standard about 2 years ago). (for instructions on how to join penfed, look at my other post here.) Second suggestion: get involved with the better business bureau. 25% interest is ridiculous, I would file a complaint against the auto dealership.


Robert Kiyosaki's CASHFLOW® for Kids Board Game. Enough said.


The knowledge and the experience of the finance experts at Wealth Generators will help you in making the good deals from trading. There are various Wealth Generator reviews which talk about the proper guidance and the earned profits in accordance with expert guidance. Your dream of getting best our of your hard earned capital comes true at Wealth Generators. We, not only guide you in making the bonafide trading deals but you also get aware of the financial ups and downs in the capital market.


"Has anyone ever proposed significantly lowering the US corporate tax while simultaneously raising dividend taxes for high income earners? Hell, many economists believe that corporate income should be taxed at 0%. If you do this but are worried about ""teh evil corporations"" becoming too big and powerful, that's what a high tax on dividend income is for. You can't personally become rich from a corporation without earning dividend or salary income from a corporation's coffers."


Of course it isn't solely responsible, but the way that sugar is sold and advertised makes sugar an insidious way to eat way too many calories. This is especially true for people who do not have education about diet, and of course children (who are heavily advertised to by the food industry). That's not at all the point of the documentary either, they talk about many interesting aspects of the sugar industry. Your comment illustrates part of that; the industry pays a lot of money to put doubt in people's minds. They are extremely powerful and it's a good chance whatever you read is sugar industry funded propaganda. Sugar is absolutely responsible for a huge number of health issues, where the fat comes from is not relevant because it's the extra carbs (mostly from sugar) that are responsible for the huge obesity rate in the US. I really encourage you to watch this movie. The association with health problems is well established but for a number of reasons it's extremely difficult to run experiments that show sugar caused specific diseases. The industry is using the same tactics the tobacco industry used to put doubt in people's minds over the studies. It's actually quite disturbing to see what they are doing to keep the food industry the way it is, especially when you take into account the extent of the health crisis of preventable diseases.


"> If you are a corporation residing in Canada, you still pay Canadian taxes on worldwide income, even if that income is sourced in another country. For corporate tax, that's not exactly true see the Foreign Accrual Property Income rules (FAPI). Only for what is considered ""investment business"" income does the company have to pay Canadian taxes on worldwide income. ""Active business"" income, which would but pretty much everything BK is doing, is repatriated tax free like any other inter-company dividend. In the US that active business income would be subject to a CFC tax."


Yes a minor can have a checking account, or a savings account. They can even get a debit card. The money in that bank account belongs to the minor. The account can be established as soon as the are assigned their social security number. If they are a newborn the account is generally set up as a joint account with a parent to facilitate transferring money into the account. For us the money was birthday gifts from relatives. The IRS allows minors to receive small amounts of interest, or other unearned income, tax free. In 2015 that is up to $1,050, if they have no earned income. When bank rates were higher some parent's wanted to put all their saving under their child's name, of course in the eyes of the law the money belonged to the child and was only to be spent for items that benefited the child. Credit cards are another matter because the CARD act in 2009 required lenders to only give credit to those under 21 who had proof of sufficient income, unless there was a co-signer. You do have to be careful when talking about owning a house as minor. They generally can't sign a contract. You could gift the house to the minor, but if it was time to sell it the courts would insist on appointing a legal guardian to represent the interest of the child. That could add significant time to the transaction.


One of the brightest network engineers I've worked with went to get his GED while he worked with me since he was a high school dropout. I dropped out of EE, and have been highly recruited because of my experience. My former manager got his experience in the military, no degree... and another bright co-worker had his degree in film. Sure many of my co-workers have BSEEs, a couple from MIT and Stanford, even had a PhD on my team... but often you'd never be able to tell who had what. So you are exactly right... a witch-hunt because of a music degree is bullshit.


I am sure there would be many views on the above topic, my take is that DIY takes the following: Now, for many, one or more of the other factors are missing. In this case, it is probably best to go for a financial adviser. There are others who have some of the above in place and are interested but probably cannot spend enough time. For them a middle ground of Mutual Funds probably is a good choice. Here they get to choose the fund they invest in and the fund manager manages the fund. For the people who have the above more or less in place and also are willing to take risk and learn, they probably can do a DIY for a while and find out the actual result. Just my views and opinion.


I think that's part of the problem - no one was aware that it was that fast. Additionally, we live in a world where we want guarantees and people are willing to pay dearly for it. FedEx will charge 20x and you know it will be delivered the next day. The USPS won't make the same guarantee though that's probably the case 95% of the time. It's a little sad, really, that they've been allowed to suffer so long while the threats to their business have been obvious. It borders on incompetency and mismanagement.


There are many ways to calculate the return, and every way will give you a different results in terms of a percentage-value. One way to always get something meaningful - count the cash. You had 977 (+ 31) and in the end you have 1.370, which means you have earned 363 dollars. But what is your return in terms of percentage? One way to look at it, is by pretending that it is a fund in which you invest 1 dollar. What is the fund worth in the beginning and in the end? The tricky part in your example is, you injected new capital into the equation. Initially you invested 977 dollars which later, in the second period became worth 1.473. You then sold off 200 shares for 950 dollars. Remember your portfolio is still worth 1.473, split between 950 in cash and 523 in Shares. So far so good - still easy to calculate return (1.473 / 977 -1 = 50.8% return). Now you buy share for 981 dollars, but you only had 950 in cash? We now need to consider 2 scenarios. Either you (or someone else) injected 31 dollars into the fund - or you actually had the 31 dollars in the fund to begin with. If you already had the cash in the fund to begin with, your initial investment is 1.008 and not 977 (977 in shares and 31 in cash). In the end the value of the fund is 1.370, which means your return is 1.370 / 1.007 = 36%. Consider if the 31 dollars was paid in to the fund by someone other than you. You will then need to recalculate how much you each own of the fund. Just before the injection, the fund was worth 950 in cash and 387 in stock (310 - 200 = 110 x 3.54) = 1.339 dollars - then 31 dollars are injected, bringing the value of the fund up to 1.370. The ownership of the fund is split with 1.339 / 1.370 = 97.8% of the value for the old capital and 2.2% for the new capital. If the value of the fund was to change from here, you could calculate the return for each investor individually by applying their share of the funds value respective to their investment. Because the value of the fund has not changed since the last period (bullet 3), the return on the original investment is (977 / 1.339 - 1 = 37.2%) and the return on the new capital is (31 / 31 = 0%). If you (and not someone else) injected the 31 dollar into the fund, you will need to calculate the weight of each share of capital in each period and get the average return for each period to get to a total return. In this specific case you will still get 37.2% return - but it gets even more comlex for each time you inject new capital.


>Blaming bad luck is like blaming goblins I prefer to think of it as equal to getting angry at the weather. Saying it's goblins makes it seem like it's not real or only in your head. If you are a farmer and it doesn't rain you just might be destroyed.


I would suggest that you use Emergency Funds for things that have a Low likelihood of happening but if they do happen can be devastating. I used to work as a financial advisor and the sugfestion we gave people is to have about 3 months worth of expenses in cash. This was primarily to cover things luke loss of work or some unforseen even that would prevent you from missing work for an extended period of time. Once you have your emergency fund saved do not touch it! Leave it where it is. Then tou can start working on a savings account for those items that are more likely to happen but dont have as much of a negative impact.


">The offending passage from his New York Times piece (link) reiterates the economic truism that debt is “money that we owe ourselves.” >This is misdirection through aggregation, conflating corporate and government debt owned by pension funds and charitable organizations with underwater mortgages, student loans and sub-prime auto loans in their economic effects. And within his own economics, disaggregating the “we” renders far different results than he suggests. I have always felt that anyone quoting that phrase ""debt is [just] money that we owe ourselves"" to be a total ASS or a consummate con-artist. They are either truly ignorant (and just regurgitating an indoctrinated dogma in a rote fashion like a trained dog); OR they are being disingenuous and intellectually dishonest. It is NOT an ""economic truism"", it is an utterly useless, rhetorical, tautological *inanity* (well, useless UNLESS your purpose is to obfuscate, mislead, and misdirect and confuse people)."


I think you need a diversified portfolio, and index funds can be a part of that. Make sure that you understand the composition of your funds and that they are in fact invested in different investments.


Yep. Elliot has appointed several Board members to Arconics BoD and really fought hard to get the CEO out. To be fair, the former CEO (Kleinfeld) hung himself on that one. Elliot is trying to get their guy (Lawson) selected to be the new CEO of Arconic. I didn't really trust Oak Hill Financial when they owned Firth Rixson. I didn't trust Alcoa leadership when they bought Firth Rixson because the first thing they did was come in and reduced head count by 20% without first looking at why the organization was structured the way it was. Now that we're Arconic, I'm growing more and more leery about Elliots increasing control over the company. They're a vulture fund.


"In both cases, you have a bunch of assets that pay into a trust, and a set of rules determining how the payments are distributed to bond holders. Typically, the bonds are split up by ""Seniority"" where any losses from the underlying assets gets recognized by the least senior bond holder first, and the most senior is protected until those below in seniority are wiped out. In the case of mortgage backed securities, you have a lot of early payoffs (sales and refinances), and those payoffs tend to pay off the senior bonds first (though in practice, quite a bit more complicated than that) CDOs tend to have bonds as assets that pay into the trust, and CMOs have mortgages. CDOs used to be more likely to be things like corporate debt, or junk-rated debt. But during the housing bubble you did have CDOs backed by some form of mortgage backed bonds. If you build a CDO out of tranches of CMOs, you are going through multiple stages of tranching, and things 'get weird' when you have highly-correlated loss behavior in your underlying assets. The Equity position or the residual, as it is sometimes called, is whatever money coming from the underlying assets isn't owed to any bond after all of the structuring rules are followed. This would be interest received in excess to interest owed + money required to make up for lost principal. Typically goes back to the issuing bank. There is something called a NIM bond that gets carved out of the residual and pays to the investment bank, I gather. Residuals and NIMs of mortgage bonds are pretty worthless in a high loss environment like this."


How exactly would these companies be broken up? They also don't fit any meaningful definition of monopolies. Facebook has plenty of competition from Snapchat and Twitter and there is always a new upstart that can come along. Google has competition in nearly every venture it's invested in besides search. But the thing is that these companies don't make their money off of any of that: they make it all off of advertising. And in the advertising space, the two companies compete tooth and nail with each other—along with all the other ad companies that they've largely beat out.


This article mentions tivo three times, and two of those are in the headline and summary. There's absolutely no substance, and appears to be geared towards getting pageviews from tech blogs. Fuck this noise, I actually wanted to read an article about tivo.


Well, you could always use both. Just concatenate the two. Then the passwords are still safe in the event the DB is the only thing compromised (because of the unknown static salt) and they can't build a rainbow table even if they get the static salt because of the unique salt.


One things about psychology - people spend more money when its an abstract concept instead of having cold, hard cash. What does this mean? People spend more money when they use credit cards for day to day purchases. While I still use a credit card for day to day purchases, there's a big difference between bringing $200 to costco to pay for groceries and laying out 10 $20 bills vs swiping a card when you see a number flash on the screen. If you're truly looking to reduce expenses, keep this in mind.


When you sell your primary residence, you are required to capitalize any loss or gain at that point; you do not carry over your loss or gain (as you might in an investment property). As such, the timing of the purchase of the next house is not relevant in this discussion: you gained however much you gained already. This changed from the other (rollover) method in 1997 (see this bankrate article for more details.) However, as discussed in IRS Tax Topic 701, you can exclude up to $250,000 (single or filing separately) or $500,000 (married filing jointly) of gain if it is your primary residence and meets a few requirements (mostly, that you owned it for at least 2 years in the past 5 years, and similarly used it as your main home for at least 2 years of the past 5 years). So given you reported 25% gain, as long as your house is under a million dollars or so, you're fine (and if it's over a million dollars, you probably should be paying a CPA for this stuff). For California state tax, it looks like it is the same (see this Turbotax forum answer for a good explanation and links to this California Franchise Tax Board guide which confirms it: For sale or exchanges after May 6, 1997, federal law allows an exclusion of gain on the sale of a personal residence in the amount of $250,000 ($500,000 if married filing jointly). The taxpayer must have owned and occupied the residence as a principal residence for at least 2 of the 5 years before the sale. California conforms to this provision. However, California taxpayers who served in the Peace Corps during the 5 year period ending on the date of the sale may reduce the 2 year period by the period of service, not to exceed 18 months.


"I'd not heard of being able to withdraw penalty free before. So I looked it up. It might be penalty free, but it's not tax free. So if your marginal tax rate is 25%, and you withdraw 10,000 from a regular IRA, 1/4 of the money will have to come from taxes. Personally, unless you're in a huge hurry to buy the best screaming deal ever seen in your jurisdiction, I'd not touch the 401k... but I would slow down 401k investing to be the minimum required to maximize the match, and throw the rest to saving for the house. Also, your pronouns are ""I,"" not ""We."" If you'd like to be married, I would put off buying a home further, in case your future spouse doesn't like the home you pick."


It can be stated that it is a crucial part of the overall mechanism used in car’s driving. In fact, without it, there would be no chance at all that your vehicle will move even a bit. In that case, you might have to avail fuel injector service NSW to get all the parts checked thoroughly.


If you really want to decrease inequality in a sustainable way, the solution is to make energy cheaper. The rate of median household income growth started flattening in the 1970s, and it isn't coincidental that it happened when fossil fuel prices sustained significant rises. If we can't make energy at least as cheap as it was before the 1970s, we have to adjust to a much slower rate of NGDP growth. The government targets a straight line upward moving rate of NGDP growth through massive debt spending and loose monetary policies. If it doesn't pull back on these, the increasing divergent rates of growth of the NGDP and sustainable economic growth puts us on track for a future correction that will be bigger than the Great Depression.


All of that leads me (at last) back to the point of this post. Have you done your year-end online reputation check-up? If not, put it on your list of things to do sooner rather than later. Check out American Express’s list of steps to take periodically to manage your online reputation. And if you want read more of what I’ve written on this subject, here are some links I hope you find useful and interesting. –Managing Your Online Reputation: The Basics (Just what it says: the very basic things anyone needs to know to manage a business, professional, or personal reputation online.) –Please Don’t Feed The Trolls (Avoiding the lunatic fringe of social media users who enjoy attacking anyone who seems vulnerable.) –Go Google Yourself! (My own experience with an Internet troll.) –When The Truth Isn’t Enough: Online Review Lawsuits (Having your say online without losing your shirt may depend on HOW you say what you want to say…so think before you post.) –When Pedophiles and Search Engines Collide (A true story of a man who discovered he shared a name with a pedophile only after he lost jobs and contracts — and what lengths he went to in order to separate himself from the prison inmate who ruined his reputation.)


Sears has a reputable home improvement arm, refacing kitchens and that kind of stuff. Supposedly they subcontract that work out, but only with people who have been doing the work for a long time, and with Sears for a long time, and pass background checks etc. I've only had Sears fix a few minor things in my house, but its been OK.


I haven't heard of these before! (And I'm on the board of a Credit Union.) The 0.99% on loans is great. It's especially great on a used car: the steep part of the depreciation curve was paid by the first owner. The network probably have a business relationship with the credit union. Credit unions do indirect lending -- approval of loans that happens at the point of sale, which then the credit union gets as assets. Depending on the cost of that program, it probably won't hurt. Your credit union wants to keep your business, because they know that you have a lot of options for where you bank and where you get loans.


It's fine. Some people (including myself) charge any amount, no matter how small. I think charging small amounts is encouraged by no longer having to sign for small amounts (Not sure if this is state-by-state, though). Somewhere, the transfering of digital money is being paid for - either in the merchant fees, an ATM fee, or my time in going to a bank or ATM where I will not be charged a fee.


"You have to understand something, first. The selling point of ""Oh, just pass a test and get a raise"" doesn't tell the whole story. Those tests are HARD. You'll be studying your ass off everyday for MONTHS in preparation for it. My college roommate, whom I would consider to be one of the smartest people I've ever met (for what it's worth) is studying for the first actuarial exam, and he's struggling. He already took the test once, and failed. I'm not trying to discourage you from going for it. It's definitely an excellent career, and you'll be paid a LOT of money. However, it's a TON of work in order to become one, so be prepared to work your ass off for it."


Craig touched on it, but let me expand on the point. Deposits, by definition, are withheld at your marginal rate. And since you can choose Roth vs Traditional right till filing time, you know with certainty the rate you are at each year. Absent any other retirement income, i.e. no pension, and absent an incredibly major change to our tax code, I know your starting rate, zero. The first $10K or so per person is part of their standard deduction and exemption. For a couple, the next $18k is taxed at 10%, and so on. Let me stop here to expand this important point. This is $38,000 for the couple, and the tax on it is less than $1900. 5%. There is no 5% bracket of course. It's the first $20K with zero tax, and that first $18,000 taxed at 10%. That $38,000 takes nearly $1M in pretax accounts to offer as an annual withdrawal. The 15% bracket starts after this, and applies to the next $57K of withdrawals each year. Over $95K in gross withdrawals of pretax money, and you still aren't in the 25% bracket. This is why 100% in traditional, or 100% in Roth aren't either ideal. I continue to offer the example I consider more optimizing - using Roth for income that would otherwise be taxed at 15%, but going pretax when you hit 25%. Then at retirement, you withdraw enough traditional to just stay at 10 or 15% and Roth for the rest. It would be a shame to retire 100% Roth and realize you paid 25% but now have no income to use up those lower brackets. Oddly, time value of money isn't part of my analysis. It makes no difference. And note, the exact numbers do change a bit each year for inflation. There's a also a good chance the exemptions goes away in favor of a huge increased standard deduction.


You can pull up the VIX index on Google Finance by entering INDEXCBOE:VIX


I write cyber liability sometimes. Most I've ever covered is 1million for a business with a few hundred employees. It cost around $8k a year for that policy. My educated guess is that obtaining anywhere near sufficient cyber liability insurance for a credit bureau would be both cost prohibitive and difficult to find the capacity. Basically they are likely paying this out of pocket.


Your taxable income is your total income from however many sources of income you have. If you are in employment and doing self-employed job at the same time, your taxable income will be a combination of both incomes. For example if in employment you make £10000 and self employed you make another £10000 - your total income is £20000 and this is your taxable income. And even if your self-employed job does not bring you more than personal allowance, how would HMRC know that without you filling-in tax return?


I can safely assume that a credit union or a bank, probably a bank based on the size of the short term loan would allow use of the annuity as collateral for the loan. Since the future payouts from the annuity will more than cover the total costs coming due for your education I'm sure the bank will have no problem loaning the money and you can see if doing a direct payment monthly to them will reduce the rate. You can try a credit union since they will most likely give you a more favorable rate. If you can get a credit union to do it, you will most likely be paying a lot less, but typically they want interest paid monthly and not at the end of the 6 months term. There is also a service called TMS or Tuition Management Services which you can find at Tuition Management Services They typically also expect monthly payments but might do an alternative for you, they charge I believe a $60USD fee to use their service. Also just flat out bank shop and demand the lowest rate, its guaranteed money so you should be paying LIBOR plus 1 at most, see if you can direct your next payout to them with the balance coming to you.


They've already passed into economies of scale and are about to take a hit in profit if they keep growing (due to competition catching up) However this is mostly about its retail portion. Amazon seems like it's trying to escape the box it built for itself and it's done a pretty good job breaking out so far


FB's IPO was at exactly the right price. The intent all along was to allow insiders to sell to retail bagholders, hence the large support by JPM to hold the line at $38.0000000, the absolutely legendary hype, and the unusual step of allowing retail in on it.


Find a Bank of China branch in the United States. They have them in Canada! This link is to the Bank of China website, along with branch locations. They are in New York and L.A. http://www.boc.cn/en/aboutboc/ab6/200812/t20081216_494260.html And the Bank of China USA website: http://www.bocusa.com/portal There are a number of Bank of China Branches in Canada due to the high numbers of Chinese people. I'm sure a phone call or an email to them will help.


All standard mortgage promissory notes mandate payments are due on the first of every month; I can almost guarantee the note you signed has this provision. Most lenders offer a grace period of generally 15 days before they assess a late charge, but the payment IS late on the 2nd. People have become incorrectly accustomed to believe that the payment is due between the 1st and 15th. If they are servicing your loan for another investor (FNMA, FHMLC, a private investor, etc.), they may have contractual requirements to begin collection activities by a certain date. So they are within the rights you granted them. If these calls really bug you, you can start to adjust your cashflow so you can perhaps make your payment a few days ahead of the first each month.


A more recent article on inheritance taxes than the one cited by @JohnBensin says that Maryland does not charge inheritance tax on inheritances received from parents (and other close relatives as well). Thus, there is no inheritance tax due to Maryland on your inheritance, and of course, estate tax (both Federal and State) is imposed on the estate and payable by the estate, and thus should have been taken into account by the executor before determining the amount to be divided among the children. If the executor screwed up on this point, some of the inheritance may have to be returned to the estate so that the estate can pay the taxes due, or be paid directly to the Federal Government and/or the State of Maryland on behalf of the estate. Some part of the inheritance might be taxable income to you if it came in the form of an Inherited IRA on which Federal (and possibly State) taxes have to paid on the (taxable part of) any distribution from the IRA including the Required Minimum Distribution that must be made from the IRA each year. (There is also a 50% penalty for not taking at least the RMD each year). Note that the value of the IRA is not taxable income in the year of inheritance, just the money taken as a distribution. Some people liquidate the IRA within 5 years, as used to be required for non-spouse inheritors under earlier tax law, and thus end up paying a lot more income tax than they would have to pay if they went the RMD route. If your uncle took the help of a lawyer in winding up your father's estate, you are probably OK in that all the rules were likely followed, but if it was a do-it-yourself job (or you don't trust your uncle not to screw it up anyway!), then, as John Bensin has already told you, you should certainly consult a tax professional in Maryland to make sure you don't run afoul of tax authorities.


Boss: We found you were taking orders without a credit card. Me: The system won't allow you to save an order without a credit card. (it won't) Boss: Well, we have you on tape taking orders without a credit card. Me: That is literally impossible. Show me the orders and the call. Boss: I don't have to do that. (choice words by myself before I quit on the spot without letting him have any more words, it was my first temp job) They wanted to lay people off without paying unemployment. I had three other offers waiting for me at the time. Double irony, when I went to pick up my last check, they begged me to stay (because I could take reservations faster than your mama) and said I would only be laid off for a week. This was the company Reserve America in the 90s. ***** Boss: Well, you worked here for 2 years and you could become a manager. Me: Thanks, but this is something I have to do. Boss: Ok, good luck little man. (left to join military)


"Sue the friend. When you win, garnish his wages. It does not have to be by so much that it makes him quit his job, but get 75.00 per pay period to come to you. This may require the use of a private investigator but, if you want to make this ""friend"" face consequences, this is your only option. Otherwise, let it go and keep paying his bill."


Color me skeptical. Your link is a survey of studies about power. The cookie study is cited in the survey, but the cookie study itself was not published. One of the authors of the survey also did the cookie study. So it kinda looks like the guy did a study that for some reason he was not able to publish, but snuck in a reference to it somewhere else anyway. Also odd is that despite the text of the survey and Lewis's speech, the chart on the second to last page of your link indicates that only high-power women ate more cookies, while high-power men actually ate slightly fewer. Maybe the chart is misprinted or I am misreading it, but maybe the text is wrong. I know nothing about this field, so it's quite likely that I'm missing something. The claims made seem reasonable. But I can't find anything verifying that there was a properly run study with the results that Lewis described.


I've had a BofA ATM screw up a deposit too. They will get it right. Call BofA or go to the same branch in the morning, explain the problem and submit a dispute. In my case, they credited my account immediately for the disputed amount. They'll get the cash from the ATM and reconcile the amounts in the machine with your claim. It'll take a few days to sort out. It all worked out fine for me, try not to stress. They'll make it right and you should be able to get the immediate credit.


Budget. Figure out how much money you need to keep for your own spending purposes, then figure out from that how much you can afford to move to longer term savings for youeself and/or the kid. Try it for a while, see if it works, adjust how much you can afford to save, repeat. (Actually, you want to further reduce the savings a bit until the emergency fund comes up to a level you feel comfortable at, then increase them to acceptable targets.) It's OK if you miss or reduce some deposits to the savings plans while you get the emergency fund up to a level you're comfortable at. If you don't feel you're saving enough after making these adjustments, you need to economize somewhere so you have more money to save, or make more money, or recalibrate your expectations. You can't get a gallon out of a quart container.


"There are ""strict"" regulations about co-mingling customer funds with other high risk investments. People that lost money were not investing in MF Global, they simply had trading accounts there. A lot were just hedging commodities (like farmers) to help stabilize prices for themselves. Imagine having a 1 million dollar trading account at E-trade annnnnnd it's gone, because the company illegally was using YOUR money to cover losses in some high risk investment. Would you be pissed- should someone goto jail?"


Lol. Americas are two continents. How many times do I have to educate you? America itself is not a country. Beside that you still have not presented any data. All your points have been invalidated and best you can do is change topics over and over. If you think that 1-3 percent tarrif is protectionism, you clearly don't know anything. This is especially true if you think Russia is a model where we should be. Lol. Ur so understanding is so bad, I am confident it's more than just cognitive dissonance Still could not address my points about Argentina, Canada, US and etc. It is pretty clear you are uneducated and will never get this. Edit Btw love your fake data and facts. I guess that's how you get cucked so hard to begin with EDIT2 **LOL. Chart says tarrif of 10 big countries. Not 10 highest Tarrif. LOLOLOL.** IS your cognitive dissonance this strong? Or are you having such a hard time following this? I feel for you if you cant even keep up on this. Best to stay in your safe space and keep getting cucked. >Why do Liberals always use homophobic insults? That's something I noticed this election cycle, the most LGBT friendly people always call people they don't like gay. All these dick sucking jokes. People saying Republicans suck on penises. I wasn't being homophobic. I called you for what you are. That's your choice. No shame. Keep doing what you do and be Putins whatever.


"And this is how you end up with shit code, shit policies, shit thinking, shit morale and generally piles of shit everywhere, under every rug and in every corner. Your employee's don't just hate you, they seem to actively look for ways to steal from you or otherwise hinder your progress. And finally worst still the person that is MOST likely to take ""We live in an economy where, unfortunately, there is a ready supply of labor to take the place of those who quit or otherwise leave the company. This brings the value of your current employees down."" as a serious threat and fear for their jobs are almost always the LEAST skilled and the largest idiots of the bunch. So you end up with C-man syndrome in a business filled with people that would punch you in the kidney and steal your wallet if they knew it was you that had made all those shitty choices. /experience."


Yes you can, provided if buyers are available. Normally high liquidty stocks can be sold at market prices a little higher or lower.


Goddady.com will gladly accept payment from your personal account. They don't really care, as long as you approve the charge, whose name the account is in. I'm not sure PayPal even check the names on the invoice and the account to match, they just want you to login. However, depending on your local laws, you may be required to have a separate business account. In the US, for example, corporations must have their own accounts. For other entities with limited liability (like LLC or LLP) it is advised to have a separate account to avoid piercing corporate veil. Also, if your business name is not your personal name - clients may want to verify that the checks/transfers are deposited under your business name. In some countries checks written out to X cannot be endorsed by X to be transferred to Y. That may affect your decision as well. You'll have to get a proper legal advice valid in your jurisdiction to know the answer to your question.


Accepting cash isn't free to the merchant's either. It needs to be counted, reconciled, stored, and taken to the bank each day. There is a certain amount that needs to be on-hand, not in the bank earning interest. There is more of a worry about employees taking cash from the register. There is the chance of inadvertently accepting counterfeit currency. I'm not sure how the cost of cash compares to the cost of accepting credit card, but there is a cost that cannot be ignored.


Might as well just come out and say that you're talking about socialism/communism. Not that there is anything *inherently* wrong with socialistic approaches, but come on, 'we don't need jobs, they only benefit capitalists'? High unemployment isn't a bad thing? I don't think you've ever had a job.


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Amazon does not depend on government regulations or subsidies in its favor to operate. That's the important bit, and it's wholly separate from what Jeff Bezos chooses to do in the political arena. We should be against special interest favors, subsidies and regulations which are really back-door subsidies, not against the rich. Class warfare is a ruse that benefits the politically connected. It encourages the expansion of government, which further empowers the political.


If your parents can afford to shell out $1,250 a month for 5 years, they would pretty much have the debt paid off, provided the credit card companies don't start playing games with rates. If that payment is too high, maybe you could kick in $5k every few months to knock the principal down. If they think the business can keep puttering along without losing more money, that may be the way to go. Five years is long enough that the business or property may have recovered some value. Another option, depending on the value of the home, could be a reverse mortgage. I don't know how the economy has affected those programs, but that might be a good option to get the debt cleared away. My grandfather was in a similar position back in the 70's. He owned taverns in NYC that catered to an industrial clientele... the place was booming in the 60s and my grandfather and his brother owned 4 locations at one point. But the death of his brother, post-Vietnam malaise, suburban exodus and shutting of industry really hurt the business, and he ended up selling out his last tavern in 1979 -- which was a dark hour in NYC history and real estate values. A few years later, that building sold for a tremendous amount of money... I believe 10x more. I don't know whether there was a way for his business to survive for another 5-7 years, as I was too young to remember. But I do remember my grandfather (and my father to this day) being melancholy about the whole affair. It's hard to have to work part-time in your 60's and be constantly reminded that your family business -- and to some degree a part of your life -- ended in failure. The stress of keeping things afloat when you're broke is tough. But there's also a mental reward from getting through a tough situation on your own. Good luck!


It would be preferable to purchase a bond with a negative yield if the negative yield was the smallest compared to similar financial securities. The purchase or sale of a security is rarely a mutually exclusive event. An individual may have personal reasons or a desire to contribute to the activity the bond is financing. To an entity, the negative yield bond may be part of a cost averaging plan, diversification strategy, a single leg of a multi-leg transaction, or possibly to aid certainty as a hedge in a pairs trade. And of course there may be other unique situations specific to the entity. Said another way, is the Queen of Spades a good card? It depends on the game being played and what is in your hand.


It's also an incorrect assumption. I assume that we're looking at the S&L scandal as one of the three, and it wasn't very connected to Ivy leaguers. Only one of the Keating 5 went to an Ivy, and S&L's generally weren't run by Ivy grads. Investment banks are, especially these days, but that doesn't show a disproportionate likelihood of immorality among Ivies when compared to any other subset of the population.


Still acting like a child and still not recognizing that OP getting an MBA wouldn't hurt him at all. Sorry I bruised your ego there pal, hopefully you'll recover and still be able to lead a full and productive life after this. Not sure if you noticed, but you've been getting downvoted basically because it's clear to everyone in this community that you're an asshole and incapable of discussion. Please continue going around beating everyone with your opinion club. It will help me sleep better at night knowing you're ruining your future by being an arrogant dick with no sense of decency or respect. I'm reporting you for this comment as well since you're still violating the terms of this sub. Hopefully you'll get banned so you don't ruin anyone else's request for help. Sorry OP, he's an asshole and can't help himself.