I am surprised no one has mentioned the two biggest things (in my opinion). Or I should say, the two biggest things to me. First, 1099 have to file quarterly self employment taxes. I do not know for certain but I have heard that often times you will end up paying more this way then even a W-2 employees. Second, an LLC allows you to deduct business expenses off the top prior to determining what you pay in taxes as pass-through income. With 1099 you pay the same taxes regardless of your business expenses unless they are specifically allowed as a 1099 contractor (which most are not I believe). So what you should really do is figure out the expense you incur as a result of doing your business and check with an accountant to see if those expenses would be deductible in an LLC and if it offsets a decent amount of your income to see if it would be worth it. But I have read a lot of books and listened to a lot of interviews about wealthy people and most deal in companies not contracts. Most would open a new business and add clients rather than dealing in 1099 contracts. Just my two cents... Good luck and much prosperity.


Hi! This is just a friendly reminder letting you know that you should type the shrug emote with three backslashes to format it correctly: Enter this - ¯\\\\\\\_(ツ)_/¯ And it appears like this - ¯\\\_(ツ)_/¯ --- *^If ^the ^formatting ^is ^broke, ^or ^you ^think ^OP ^got ^the ^shrug ^correct, ^please ^see [^this ^thread](https://www.reddit.com/r/john_yukis_bots/comments/6tr5vq/u_you_dropped_this_a_shrug_fixing_bot/)^.* ***^Commands:*** *^!ignoreme, ^!explain*


I may be moving to Switzerland soon and would like to know if there's a similar system to move money between a Swiss bank account and a U.S bank account. There is no easy way. The most common method is International Wire or SWIFT. These kinds of transfer are generally charged in the range of USD 20 to USD 50 per transfer. It generally takes 2 to 5 days to move the money. Some Banks have not yet given the facility to initiate a International Wire from Internet banking platforms. One has to physically walk-in. So if this is going to be frequent, make sure both your banks offer this. As the volume between US and Switzerland is less, there may not be any dedicated remittance service providers [these are generally low cost].


From a quick google, apparently 5% of government contracts need to go to women- or minority-owned small businesses, with another 18% going to small businesses more generally. If your company was bumped, it was b/c they were on the bubble in terms of quality/price, and inevitably the only reason were able to contract in years prior was b/c of the rules discriminating against large businesses over small businesses. The more concerning take away in all of this, is how on earth is it a struggle to hit the 5% target without any sort of affirmative action intervention. A bit of an eye-opener on the extent of systemic racism / inequality of opportunity that exists today. We really should be doing more to support minority owned businesses, and more importantly addressing the apparently inequity in opportunity in our business culture.


From what I can make out from CRA site it seems that you can definitely not redeposit in the same year (as I originally incorrectly answered to someone else, but have since corrected). It does appear, however, that you can withdraw as much as you like, and that would generate room for the subsequent year. Good Luck


I know what you are talking about and this is what students at UC I know usually do in such cases: Talk with the cashier's/registar's office and see if you have been reported to collections. If you had plans to pay via financial aid, this can be a non-issue, but be sure. It's critical to remove your record from collections, if any. Take a loan and find out how the loan will be paid. Most lenders pay the school directly based on what the school bills for the quarter. If you signed up for X units in Fall '10 and plan to take Y units in Winter '12, add X+Y units in your list of courses. Those X units could be anything in your course catalog. Once the school sends out the bill and the lender pays it, drop the X units. This will give you a check and use that to pay out the outstanding amounts. Most schools will include all outstanding amounts in the bill for your current quarter, but I am not sure if your lenders has agreements otherwise. Also, some lenders have agreements in place to send refunds directly to them, but remember, the cashier is king and she can make refunds happen the way she likes, and she is likely to help a student unless you have a bad payment history (collections, bounced checks..)


It depends how deep in the money it is, compared to the dividend. Even an in the money call has some time premium. As the call holder, if I exercise instead of selling the call, I am trading the potential for a dividend, which I won't receive, for getting that time premium back by selling. Given the above, you'll notice a slight distortion in options pricing as a dividend date approaches, as the option will reflect not just the time premium, but the fact that exercising with grab the dividend. Edit to address your comment - $10 stock, $9 strike, 50 cent div. If the option price is high, say $2, because there's a year till expiration, exercising makes no sense. If it's just $1.10, I gain 40 cents by exercising and selling after the dividend.


"Gold ownership has been outlawed before in this country. However, if you research it I think you'll find that there are two components in pricing gold coins: * The spot value of gold * The numismatic value of the coin in question. That second point is where you get fucked. There are a whole lot of outfits selling worthless ""investment grade"" coins that sell for way more than they should based on gold content, and for way more than any coin collector would ever give you for the value of the coin itself. But it's much harder to find a reasonable price for some supposedly rare coin than it is for the metal itself, so it's easier to scam you. So it's in the best interest of the guys that advertise for these firms to say ""buying rare coins is awesome, and buying straight gold is stupid."" Me? If I want to buy going coins I'll buy US Gold Eagles for a small percentage over the spot price. They're probably more liquid than some random chunk of goldish metal that says it's 1oz/10oz/100oz of gold."


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"I highly doubt this was a mistake. In the event of a corporate merger/buyout, changes to employee 401(k) plans are usually hashed out as part of the M&A agreement. The choices made in the agreement depend on numerous factors, so it may be difficult to predict what happens to your plan in situations like this. A quick online search reveals a few articles, e.g. this one from expertplan.com, that list the three most common consequences for retirement plans: It sounds like the company that purchased your employer agreed to immediately vest employees in employer 401(k) contributions as part of the purchase agreement. Without knowing the details of the merger/buyout, I can't say this for sure, but this sounds like a plausible way to keep employees of the purchased company content. Rather than roll it over, does it make sense to wait for that company to be purchased, in the hopes that a similar ""mistake"" occurs? Since this doesn't sound like a mistake, but rather a part of the buyout agreement, I don't think it's something you should count on in the future. It may be very likely, or it could be a relatively rare occurrence that happened to be part of this purchase agreement. I don't believe the Employee Retirement Income Security Act regulates what can or can't be done to your 401(k) in a buyout, except that the company is required to inform you of any changes (and obviously, the new 401(k) plan must conform to ERISA as well)."


> My biggest thing is I can't put them on bookshelves...I have a mini library starting and I really enjoy having physical books around I can pick and choose from whenever I feel like reading. Aah, the stationary life. As someone that likes experiencing the world and has spent 2+ months in maybe 5 countries so far in his life (including living in 2 and soon a 3rd), the bookshelves are the most annoying part of physical books. Sure, they're visually pleasing, but when we moved countries last time I swear 50% of the weight we dragged over was in books. Also: I do a great deal of long distance flying, and used to pick up books for both flights. 20 flights a year and I'd have 40 soft cover books of mediocre quality accumulating on my shelves just from that. I hate throwing books away, and with my wife flying similarly we just accumulated this crap (and it was annoying while traveling too). All in all, life has been **much** easier since the e-books came out.


There are two methods of doing this Pulling out the money and paying the penalty if any, and going on your way. Having the Roth IRA own the business, and being an employee. If you go with the second choice, you should read more about it on this question.


"fiat in Latin means ""let it be"" or ""let it happen"" - as in ""fiat lux!"" meaning ""let there be light!"". Thus, fiat money means money that are created by the government decree - they would be random worthless pieces of paper otherwise, so the government says ""let this paper be worth $100"" and it becomes $100. Non-fiat money have some value that is beyond declaration - e.g., gold coin has the value of gold that is made of. Since 1971, almost all world currencies are fiat money."


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Kate Gregory has already covered maintenance and tools. As a one-off, there's furniture and soft furnishings for the home. Cable/satellite TV if you want it. You listed car insurance, but not fuel, servicing, repairs and depreciation/leasing (as applicable). And, there's also food.


I was making the point that Accenture is no longer Big4. There are a lot of consulting companies, but Accenture is not in the same league as the Big4 any more. This is demonstrable by the difference in benefits and bill rates. The Big4s are owned by partners. Their compensation is private, but recently PWC had to reveal that their average compensation is $600k/partner. My firm has about 1500 consulting partners and each of the Big4 varies quite a bit. Whatever the Accenture equivalent is for partner, whatever you call that, they make nowhere near the same compensation level. And this actually gets disclosed as they are a public corporation. Higher compensation; therefore higher bill rates; therefore small overlap for competition. The business model is very different between public and private consulting companies.


"First of all, one thing that is very important: Match is always better than no match. So, you should definitely use that match on your HSA if you've already maxed out the company match on your 401(k). In fact, for most people there won't be much reason to invest in your 401(k) above the company match at all. If, for example, your company matches only up to 5%, and you want to invest 15% of income into retirement, you ought to open an IRA instead (Roth or standard depending on your situation) and put the extra 10% in there. Beyond that, you're right, HSA's (the accounts themselves) have all the benefits of a 401(k). I wouldn't invest there for retirement instead an IRA, though. There is just no reason. The only built-in downside of an HSA is the HDHP attachment, which may be undesirable to some employees or in certain situations. If you want to get down to raw dollar figures and your company is offering both a standard health plan and a HDHP+HSA, the calculation will be dependent on the premiums and benefits of each and your projected costs of your health care (which is always a crystal ball estimation anyway). Those costs and benefits can vary wildly, from a completely obvious choice on either the HDHP or standard plan, or pretty much a wash where you decide based on your comfort level with a high deductible. To illustrate... Standard plan: Your company might offer a standard plan that costs you $100 out of pocket for an individual. That means you pay a minimum of $1200 a year for health care. Most plans will have copays (a flat amount like $15 you pay for standard doctor consultations), a deductible (you pay 100% of fees up to this, co-pays don't count), a percentage you pay beyond the deductible (20% is typical), and a maximum (like $1000 per individual per year - beyond this, up to a ""lifetime"" maximum benefit of like $2 million, you won't be charged anything). In a standard plan where you have no expenses, you might pay $1200 a year plus a couple co-pays, for a total of $1230. In a bad year with surgery, you might max out, so $1200 + $30 + $1000 = $2230. HDHP/HSA: These plans are very different. You might still pay a premium, I.E. $30 a month. They will still have a deductible and maximum, but they might be the same amount. You will probably not have copays (I didn't when I had one, but I could be wrong), which means a standard doctor visit will cost more like $80-100. In a good year, this will mean that you pocket $500 from your company, but pay back $360 in premiums. A couple doctor visits would mean there's only $300 left in your account at the end of the year. But, that's still a net cost of only $60, compared to $1230. Big win! In a bad year, you would end up out of pocket the max (say $2000) plus premiums, minus the $500, for a total of $1860. In this case, still better than the standard plan. The important difference will come in an in-between year. You will reach the max quicker on an HDHP than you will on a standard plan. With a family, where all of these numbers are higher, and you have more people to be getting sick/injured this might make the standard plan a better benefit. However, since whatever you build up in an HSA account stays with you forever, while you're single and have only your own health to be concerned about, that is probably a good choice. When you have a family, things might change and you switch to a standard plan, but you still have that war-chest to offset copays and hospital visits in future years. I was forced onto an HSA for 2 years with a smaller company. They had a really good contribution, $2500 if I remember right, and we saved up big time. Later, when my wife was pregnant, we were on a low-deductible standard plan and paid all our fees out of the HSA. It worked out great. I say, as long as the averaged yearly expected costs make sense after doing calculations illustrated above, go for it!"


A bank is insolvent when it can no longer meet its short-term obligations. In this example, the bank is insolvent when depositors withdraw more cash than the bank can pay out. In this case, it's probably something in the range of $600-700k, because the bank can borrow money from other banks using assets as collateral. In the US, we manage this risk in a few ways. First, FDIC insurance provides a level of assurance that in a worst-case scenario, most depositors will have access to their money guaranteed by the government. This prevents bank panics and reduces the demand for cash. The risk that remains is the risk that you brought up in your scenario -- bad debt or investments that are valued inappropriately. We mitigate this risk by giving the Federal Reserve and in some instances the US Treasure the ability to provide nearly unlimited capital to get over short/mid-term issues brought on by the market. In cases of long-term, structural issues with the bank balance sheets, regulators like the FDIC, Federal Reserve and others have the ability to assume control of the bank and sell off its assets to other, stronger institutions. The current financial regime has its genesis in the bank panics of the 1890's, when the shift from an agricultural based economy (where no capital is available until the crops come in!) to an industrial economy revealed the weakness of the unregulated model where ad hoc groups of banks backed each other up. Good banks were being destroyed by panics until a trusted third party (JP Morgan) stepped in, committed capital and make personal guarantees.


I agree with Speedbird389 - I leased an economy car 10 years ago, paid the residual at the end of the lease because I knew the car would last a long time, but that cost me $5000 more than if I had bought it in the first place...


"If you start an LLC with you as the sole member it will be considered a disregarded entity. This basically means that you have the protection of being a company, but all your revenues will go on your personal tax return and be taxed at whatever rate your personal rate calculates to based on your situation. Now here is the good stuff. If you file Form 2553 you can change your sole member LLC to file as an S Corp. Once you have done this it changes the game on how you can pay out what your company makes. You will need to employ yourself and give a ""reasonable"" salary. This will be reported to the IRS and you will file your normal tax returns and they will be taxed based on your situation. Now as the sole member you can then pay yourself ""distribution to share holders"" from your account and this money is not subject to normal fica and social security tax (check with your tax guy) and MAKE SURE to document correctly. The other thing is that on that same form you can elect to have a different fiscal year than the standard calendar IRS tax year. This means that you could then take part of profits in one tax year and part in another so that you don't bump yourself into another tax bracket. Example: You cut a deal and the company makes 100,000 in profit that you want to take as a distribution. If you wrote yourself a check for all of it then it could put you into another tax bracket. If your fiscal year were to end say on sept 30 and you cut the deal before that date then you could write say 50,000 this year and then on jan 1 write the other check."


What about the jobs!???!!! You know how many people work in health care! Repealing health care is like shooting our economy in both feet and then having no health care workers. I could toss a few FUs out to these CEOs, insurance companies for holding us hostage. But my comment is really think about the ground workers, the people who actually do the work, their jobs will be eliminated first when the patients stop coming.


Sorry to hear about your spouse's health issues. May he have a speedy and, as far as possible, full recovery. The Patient Protectection and Affordable Care Act (PPACA, aka Obamacare) is now the law of the land. Among its many provisions are that insurers may no longer deny coverage for pre-existing conditions, they may not put lifetime caps on benefits, and they may not charge different premiums based on any criteria except age cohort and geographic area (i.e. rates may be higher for 50 year olds than 30 year olds, but sick and healthy 50 year olds living in the same area pay the same). If he gets government health coverage because he's on disability, this may not matter. On the other hand, you might find it better to put him on your employer's policy, because you like the coverage better, the employer covers part of the dependent premium, or some other reason. In any case, they can't discriminate against him or you based on his condition. ETA: Rates may vary by geography as well as age.


"Wow, a democrat killed one person... but under his watch, many many terrorist attacks inside the USA and a ""Nuclear deal"" that will surely prevent Iran from becoming like N Korea. I am talking here about handling a rogue country... which got its nuclear abilities due to a ""Nuclear deal"" with Bill Clinton that included nuclear reactors supplied by the USA."


Fuck, I thought you were dumb but this takes the cake. The fact that no one has died (false), no one went to a concentration camp, or a nuclear war has started is your basis for him doing a good job? Damn, I feel sorry for you kid. You must've had a really shitty life if that's the kind of expectations you set forth for the President of the US. Luckily, I don't have to deal with Trump much longer. You're gonna' wear his embarrassment on your face for the rest of your life. Unfortunately for you baby, there's only 2 things in life I'm crazy about, and both have been going great for me: 1) Making money 2) Eating your mother's juicy ass I'm not reading your embarrassing shitty troll comments any further so I wouldn't waste your pathetic breath. SOMEBODY GRAB A BODYBAG FOR THIS KID, HE JUST GOT KNOCKED THE FUCK OUT


The FDIC insures deposits up to $250,000 per depositor, per bank, for each ownership category. The ownership categories are: You and a spouse could collectively have $750,000 of insured deposits at a single bank if you each had a single account, and a joint account together.


"Offtopic, but what do you think of the idea of the stock market being a ""ponzi scheme""? I've had this same idea that [Mark Cuban reiterated well by writing](http://blogmaverick.com/2008/09/08/talking-stocks-and-money/): >Ive said a lot of this before. The stock market is by definition a ponzi scheme. As long as money keeps on coming in, then there is someone to take the stocks from the sellers. If the amount of money coming in is reduced, the stocks, indexes, et al go down. What if, for who knows whatever reason, the amount of money going into stocks declined significantly ? Who would buy stock from the sellers. I mean goodness gracious, you could see something disastrous happen. Like the Nasdaq dropping from 5000, to under 2000 in just a few years. Its happened before, it can happen again. > >Which is exactly why we get all these nonsensical commercials from brokerages. To keep the money coming in . I wish someone would index the amount of money spent on marketing by mutual funds and brokerages to the Nasdaq and Dow and see if it correlates. > >Money inflows drives the business. We can get all the economic data we ever dreamed of getting, but if money inflows declined significantly for an extended period of time, then every rule of thumb would go out the window until money started flowing in. Yes it would flow in eventually as prices dropped. From big investors like me who wouldnt have gotten hurt by a huge market decline and could come in and buy huge chunks, or companies outright. > >You ? You probably would be like Charles Ponzi’s customers. You wouldnt be able to get your money out of the fund when it went down, and by the time you did, it would be too late. You would have been crushed. > >Ive said it before, a stock that doesnt pay dividends is valued like a baseball card. Just whatever you can sell it for. The concept that you own “your share” of the company is a joke. You are completely at the whim of the CEO and board who will dilute you on a daily basis with stock options, then try to buy back stock to cover it up and push up the price, rewarding the shareholders who get out, rather than those that continue to hold the shares. Meaning you. > >Have you ever seen Warren Buffet talk about buying 100 shares of anything k shares ? or does he take control of , or purchase a material percentage of a company ? > >If you have enough money to have influence , take control or buy it outright, then the stock market can work for you. Thats why I buy stock in public companies that relate to my other business entities. When i pick up the phone and call the CEO of a company i own shares in, they call me back very quickly. When I ask if there are business opportunities that make sense for the company and another company of mine to work together, I wont always get the business, but I will always get a meeting. If Im smart about the investments I make, the more important returns come from the relationships with the companies than the action of the stock. > >If the best you can do is buy shares that are going to be continuously diluted, then you are merely a sucker. There is a good chance that the shares you bought came from shares an insider who got stock options. You just helped dilute yourself with your first share purchase. > >The wealthy can make the stockmarket work for them. Individuals buying shares of stock in non dividend paying stocks… they work for the stockmarket. > >I know Ive painted a pretty bleak picture. > >The stockmarket isnt going away. Would it shock me if the whole thing collapsed ? yes. it would. Its just too engrained in our way of life in the USA. What would change my mind is if a better investment vehicle came along. > >The stockmarket used to be about investing capital in companies that came public or did secondary offerings. That money was used to create amazing businesses and return dividends back to people who truly were investors. There once was a day where most companies paid dividends higher than the interest rates on their bonds. Why ? Because stocks are inherently more risky. If a company goes belly up, bondholders collect first, shareholders usually last. People could buy and hold stocks, and get paid real cash money for being a shareholder in the company at rates far higher than the divident yields we see today. If the company did well, the dividends went up. Investors who held, actually got all their money back in dividends at some point and the rest was gravy. The good ole days. > >But that changed when mutual funds came along and started marketing the concept of growth as a way to attract investors. > >Its not inconceivable that the old mindset could comeback. That a new market of stocks could be created where companies didnt continuously dilute shareholders by issuing stock and options to themselves. Where earnings were earned for the same reason they are in private companies, to not only fund growth, but also provide cash back to investors. Now if that market existed today. Where I could buy 100 shares of stock, and even if it represented just 1/100000 of ownership in the company, I could have confidence that year after year, I would still own 1/100000th of that company, and if that company generated earnings , I would have at least some of that money returned to me. Well then, that wouldnt be a ponzi scheme. That would be a true market of stocks, and I would be happy to recommend to anyone to be careful, but buying stocks in that market could be something worth considering if your appetite for risk canhandle it."


You might also want to talk directly to a bank. If your credit report is clean, they may have some discretion in making the loan. Note - the 'normal' fully qualified loan has two thresholds, 28% (of monthly income) for housing costs, 36% for all debt servicing. A personal, disclosed loan from a friend/family which is not secured against the house, would count as part of the other debt, as would a credit card. While I don't recommend using a credit card for this purpose, the debt fits in that 28-36 gap. As Kevin points out below, not all paths are equally advisable. Nor are rules of thumb always true. Not having the OP's full details, income, assets, price of house, etc, this is just a list of things to consider. The use of a 401(k) loan in the US can be a great idea for some, bad mistake for others. This format doesn't make it easy to go into great detail, and I'm sure the 401(k) loan issue has been asked and answered in other questions. With respect to Kevin, if he wrote 'usually', I'd agree, but never say 'never.'


They're trying to keep their supposedly independent driver force indentured to them using whatever means available to them but it seems you don't pay much attention to what Uber is *actually* doing and instead view them as an idyllic libertarian icon.


"i think we are roughly in agreement, but i should stress: > Can't blame capitalism for shitty politicians shitty politicians are a natural result of capitalism out of control - the big owners call the shots. the politicians that take the bribes win elections bc the money buys exposure thru (once again private) media. the politicians with any amount of ethics or servitude to their electorate will be starved of funds. they tend to lose. the evolution of the honorable politician to the corrupt one has been a consequence of obscene money. the sort of money that apple et al make. or the most insidious: the federal reserve, which is PRIVATELY owned by a cabal of the richest bankers. they get to print money to ""lend"" to the government at interest whenever the gov needs to issue bonds. they determine interest rates. their objective is to make more money for themselves. they are not there to provide a service to the people. TL;DR you cannot get non-shitty politicians without controlling capitalism. adam smith warned us 250 years ago in his seminal wealth of nations that a business-dominated political system would allow a conspiracy of businesses and industry against consumers: ""the interest of manufacturers and merchants .. in any particular branch of trade or manufactures, is always in some respects different from, and even opposite to, that of the public ... The proposal of any new law or regulation of commerce which comes from this order, ought always to be listened to with great precaution, and ought never be adopted till after having been long and carefully examined, not only with the most scrupulous, but with the most suspicious attention."""


A socialist government mismanaging the economy? Say it ain't so! Cut taxes, liberalize the labor force and employment laws, reduce government services and welfare, encourage entrepreneurship, eliminate barriers to international trade. This is not rocket science. Get your shit together, France.


Generally, unless you're doing a wire transfer, bank transactions are processed in batches overnight. So the credit card company won't be able to confirm your transfer until the next business day (it may take even longer for them to actually receive the money).


This greatly depends on the local laws and the insurance contract terms. If I remember correctly, my own life insurance policy does also have special terms in case I die within a year of applying, so it doesn't sound totally bogus. For car loan insurance, the amount of coverage and premiums were probably low enough for the insurer not to want to spend the money upfront on the thorough investigation, but they probably do have a clause that covers them in case the insured passes away unreasonably quickly (unreasonably for a healthy person of the given age, that is).


I'm guessing the gist of your comment is that if Amazon were to use HQ2 to staff new projects that explode in headcount, it will be able to grow the new campus exceptionally rapidly. I guess that's a possible future. I would, however, be mildly surprised if upper management has enough of those sorts of ideas ready to go to round out a 50k campus. To reiterate: I highly suspect this is just Amazon alleviating its real estate crunch in Seattle. It's not being built to fulfill any grand secret plans so much as just being able to gradually spread out a little more. (Not that there won't be any grand secret plans, just that it's not the point.)


You can do FOK on both market and limit orders. Normal market orders will partial fill if you want more shares than are being offered, or if someone pulled their order before you get there and now there are fewer shares than you placed a trade for. With a FOK limit order not at the BBO you are shooting in the dark for a quick match, most of the time it does not fill. This is a commonly used order type for UHFT arbitrage. Some exchanges will not attempt to cross it for a match if its price is not at, or better than the market price. When the FOK limit order is at the BBO it is essentially a FOK market order. FYI: Sometimes you have a minimum quantity to fill option, so you can let the order sit on the book until it fills or you cancel.


Does anyone know is it wise to invest money in NPS for tax saving ? This is primarily opinion based. NPS is efficient retirement plan, allows to invest into Index equities with almost NIL expense ratios. The additional tax breaks makes the overall returns attractive. The down side is 40% of corpus withdrawal is tax free, the balance 60% is taxable; alternatively one can buy annuity to make it tax free.


Set up a company or partnership. Generally what you describe is a classic partnership. In the US - the partnership itself is not taxed (as opposed to a corporation), and each partner is taxed separately on the distributions. That is, the partners as a whole will be taxed on the income of one, if it is distributed through the partnership. Exactly what you want. Do consult with a tax adviser familiar with the Federal and the State laws with the specifics of setting it up and managing it, maybe you'll get a better advice from a professional (which I am not, of course).


Some companies allow you to make a post-tax contribution to the 401K. This is not a Roth contribution. This can be money beyond the 18,000 or 24,000 401k limit. The best news is that eventually that money can be rolled into 1 Roth-IRA. Not all companies allow this option. One company I worked for did this automatically when you hit the annual max. Of course that was made more complex if you had multiple employers that year.


There was one in the economist recently. Issue at end of April, something about relation between minimum wage increases correlated with number of lower rated restaurants on yelp going out of business. It's in the washroom and I'm lazy or I would go get it. e: Sorry, it was actually very short and general.


I do my best to find the best prices for high quality -- and if you are lucky enough to have a great local natural chain that's cheaper, that's great. For me, I know WF so well I can usually get the best deals there, but every once in a while I find a better option elsewhere.


You could buy Bitcoins. They are even more deflationary than Swiss Francs. But the exchange rate is currently high, and so is the risk in case of volatility. So maybe buy an AltCoin instead. See altcoin market capitalization for more information. Basically, all you'd be doing is changing SwissFrancs into Bitcoin/AltCoin. You don't need a bank to store it. You don't need to stockpile cash at home. Stays liquid, there's no stock portfolio (albeit a coin portfolio), unlike in stocks there are no noteworthy buy and sell commissions, and the central bank can't just change the bills as in classic-cash-currency. The only risk is volatility in the coin market, which is not necessarely a small risk. Should coins have been going down, then for as long as you don't need that money and keep some for everyday&emergency use on a bank account, you can just wait until said coins re-climb - volatility goes both ways after all.


This investment does not have a payback period as the net present value of your investment is negative. Your investment requires an initial cash outlay of $40,000 followed by annual savings of $2060 for the next 20 years. Your discount rate is 5% at which the NPV is $-14327.85 as calculated below by using this JavaScript financial functions library tadJS that is based on a popular tadXL add-in for Excel 2007, 2010 and 2013.


Check out Khan Academy if you get a chance - they have a large suite of finance/capital market video clips that cover a lot of the basics of financial theory in short, manageable clips that might be suitable for someone in high school.


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"There's a fair amount of evidence in general that those who complain loudest when doors are opened to new groups are the ones most at risk of losing status to members of those groups. You may observe the same set of complaints happening around immigration policy discussions. I actually had only considered this ""mediocre man"" problem in those terms and had completely failed to recognize that it applied to gender as well."


"With 40% of your take-home available, you have a golden opportunity here. Actually two, and the second builds out easily from the first. Golden Opportunity # 1: Layoff Immunity Ok, not really immunity. Most people don't think of themselves getting laid off, and don't prepare. Of course it may not happen to you, but it can. It's happened to me twice. The layoff itself is an emotional burden (getting rejected is hard), but then you're suddenly faced with a gut-wrenching, ""how am I gonna pay the rent????"" If you have no savings, it's terrifying. Put yourself in that spot. Imagine that tomorrow, you're out of a job. For how many months could you pay your expenses with the money you have? Three months? One? Not even that? How about shooting for 12 months? It's really, really comforting to be able to say: ""I don't have to worry about it for a year"". 12 months saved up gives you emotional and financial stability, and it gives you options -- you don't have to take the first job that comes along. Now, saving 12 months of expenses is huge. But, you're in the wonderful spot where you can save 40% of your income. It would only take 2.5 years to save up a year's worth of income! But, actually, it's better than that. Because your 12-month Layoff Immunity fund doesn't have to include the amount for retirement, or taxes, or that 40% we're talking about. Your expenses are less than 60% of take-home -- you'd only need 12 months of that. So, you could have a fully funded 12-Month Layoff Immunity Fund only in a year and a half! Golden Opportunity #2: Freedom Fund Do you like your Job? Would you still do it, if you didn't need the money? If so, great. But if not, why not get yourself into a position where you don't need it? That is, build up enough money from saving and investing to where you can pay your expenses - forever - from your investments. The number to keep in mind is 25. Figure out your annual expenses, and multiply it by 25. That's the amount you'd need to never need a job again. (That works out to a 4% withdrawal rate, adjusting for inflation every year, with a low risk of running out of money. It's a rule of thumb, but smart people doing a lot of math worked it out.) Here you keep saving and investing that 40% in solid mutual funds in a regular, taxable account. Between your savings and the compounding returns off the investments, you could easily have a fully funded ""Freedom Fund"" by the time you're 50. In fact, by 45 isn't unreasonable. It could be even better. If you live in that high-rent area because of the job, and wouldn't mind living were the rents are lower once you quit, your target amount would be lower. Between that, working dedicatedly toward this goal, and maybe a little luck, you might even be able to do this by age 40. Final Thoughts There are other things you could put that money toward, like a house, of course. The key take-away here, is to save it, and invest it. You're in a unique position of being able to do that with 40% of your income. That's fabulous! But don't think it's the norm. Most people can't save that much, and, once you lose the ability to save that much, it's very difficult to get it back. Expenses creep in, lifestyle ""wants"" become ""needs"", and so on. If you get into the habit of spending it, it's very difficult to shrink your lifestyle back down - down to what right now you're perfectly comfortable with. So, spend some time figuring out what you want out of life -- and in the mean time, sock that 40% away."


Buffet is able to do many things the average investor cannot do. For example: During the 2008 market crash Buffet purchased 5 Billion on Citi preferred stock (as somewhat of a bail out) that pays 5% Dividend. Then he also received warrants to buy another 700 million shares over the next 10 years where he can buy shares at 5% discount. So right off the bat he is up 5% anytime he buys some of those 700 million shares. http://dealbook.nytimes.com/2011/08/25/buffett-to-invest-5-billion-in-bank-of-america/?_php=true&_type=blogs&_r=0 This is just one of the Buffet deal makings. With his cash you can move markets. He buys, people hear about it, they buy, his positions go up. Put that aside he loans cash, gets interest, buys companies. It is more than just investing in the stock market.


No, look: Say a company needs to get $100 per solar panel to make a profit. But a consumer only wants to pay $80 for a solar panel, otherwise it isn't worth it. So, we have two options: 1. We offer a tax reduction to the consumer of $20. They now pay $100 for the solar panel, and get $20 back. The customer has now effectively paid $80 and the company has got $100. Or, 2. We give the company a subsidy for $20 per panel. They now sell the solar panel for $80, then get $20 in subsidy. The customer has now paid $80 and the company has got $100. You're against the 2nd option, in favour of the first. Have I understood you correctly?


You will have to write it off as an offset of capital gains or as bad debt against personal income, limited to $3k/ yr. Write off 3k this year, 2k next. Here's the tax code, you'll need to file a form 8949, link below. https://www.irs.gov/taxtopics/tc450/tc453 So, this requires that it is a loan, acknowledged by both you and the borrower, with terms of repayment and stated interest, as well as wording for late payments and time for delinquency. The loan document doesn't have to be fancy, but it must show a reasonable intention of repayment to distinguish it from a gift. Then send out a 1099c for cancellation of debt. This is a starting point, it's a good idea to run everything by your tax processional to make sure you're meeting the requirements for bad debt with your contact and payment communication.


"All of the insurance policies I'm familiar with have different costs for liability vs replacement coverage of the specific item. Typically liability insurance is very cheap by comparison, and is therefore a ""must-strongly-consider"". Insuring your specific item is up to you, and depends on how badly you'll feel if you lose it to theft or destruction. Even if you choose not to insure your boat for replacement value, don't forgo liability though, for if you hit something expensive, or if someone is severely injured or killed as a result of an action related to your boat, your outlay could be extremely high."


"You seem to have it right. Unless you have a big position, having MLP shares in your IRA will not cause you any tax hassles. Your IRA will get a Schedule K from the MPL (which may be mailed to you), but you won't need to do anything with that unless you're over the UBI limit. Last I checked, that was $1000, and you probably won't exceed that. UBI in principle needs to be evaluated every year, so it's not necessarily a ""one-time"" event. If your IRA does go over the UBI limit, your IRA (not you) needs to file a return. In that case, contact your custodian and tell them about the Schedule K that you got. See also my answer here: Tax consequences of commodity ETF The question is about commodity ETFs in IRAs, but the part of my answer about UBI applies equally well."


The numbers you provided would just barely make it (depending on taxes where you are), and I'd say there's lots of room to cut expenses back if need be. The big assumption is that your fiancé will have a steady income of over $3k/mo take-home. My advice would be to keep your job until you see that as a reality. That said, getting an education is, imho, the single most important thing you can do. In the long run, it's worth eating ramen noodles and rice and beans for a couple years. It's even worth going into debt. (It took me nearly 10 years to pay off my student loans. No regrets here.) While working your way through school is noble and it's great if you can do it, being able to focus on your studies is what will make it worthwhile. It sounds to me like you're on the right track.


The majority of illegal immigrants do not work in the field of agriculture. That being said work visas to fill needed niches such as field farm work can be applied for and permitted so that farmers can have the LEGAL foreign workers they need allowed into the country given any legitimate demonstrated need for that industry. The problem is that then these workers would be much more protected then a class of workers who are essentially illegal immigrants and who do work off the books and out of sight and management of the federal government's ability to track them and if need be offer them actual protections as foreign workers on a visa work permit.


Should I use the money to pay off student loans and future grad expenses for me? Yes. The main drawback to student loans is that they cannot be gotten rid of except by paying them off (other than extreme circumstances such as death or complete disability). A mortgage, car loan, or other collateralized loans can be dealt with by selling the underlying collateral. Credit card loans can be discharged in bankruptcy. Stop borrowing for college, pay for it in cash, then decide what to do with the rest. Make sure you have a comfortable amount saved for emergencies in a completely liquid account (not a retirement account or CDs), and continue to pay off with the rest. You might also consider putting some away for your kids' college, so I want to get my older son into a private middle school for 2 years. They have a hardy endowment and may offer us a decent need based scholarship if we look worthy on paper I have a hard time getting behind this plan with a 238K mortgage. If you want to apply for scholarships that's great - but don't finagle your finances to look like you're poor when you have a quarter-million-dollar house. If you want to save some for private school then do that out of what you have. Otherwise either rearrange your priorities so you can afford it or private school might not be in the cards for you. That said- while it was a blessing to be able to pay off the second mortgage and credit cards, your hesitancy to pay off the student loans makes me wonder if you will start living within your means after the loans are paid off. My concern is that your current spending levels that got you in this much debt in the first place will put you back in debt in the near future, and you won't have another inheritance to help pull you out. I know that wasn't your question, but I felt like I needed to add that to my answer as well.


You didn't put what country you're in, so I'll work off the basis you're in the United States. I think you're going to have a very hard time accomplishing what you're talking about after such an extraordinary amount of time. One has to assume that there would still be records that could be retrieved in order for anyone to determine the amount you'd have to pay, and after 40 years, the paper records would be long gone. It's possible there might be microfiche somewhere, but I wouldn't have a clue how easy or possible it would be for it to be retrieved. I assume you're wanting to repay this as a way to boost Social Security or other government benefits in your retirement, but it's really hard to say whether repaying the rebated money would make much, if any, difference. This is really something you'll have to contact the IRS about, but unless they are trying to collect funds from you that they say you owe then it's highly unlikely they have any record of what you're asking about, and they probably don't even have a mechanism for accepting and crediting such monies. The real issue here is the amount of time that has passed, because there would be little compelling reason for the government to keep detailed records (they perhaps maintain summaries, but little else) for extended periods. We all have the impression the government knows all and never forgets, but that simply isn't the case.


"Yes, you could sell what you have and bet against others that the stock price will continue to fall within a period of time ""Shorting"". If you're right, your value goes UP even though the stock price goes down. This is a pretty darn risky bet to make. If you're wrong, there's no limit to how much money you can owe. At least with stocks they can only fall to zero! When you short, and the price goes up and up and up (before the deadline) you owe it! And just as with stocks, someone else has to agree to take the bet. If a stock is pretty obviously tanking, its unlikely that someone would oppose your bet. (It's probably pretty clear that I barely know what I'm talking about, but I was surprised not to see this listed among the answers.)"


You could walk away from your mortgage. When you signed the mortgage you and the bank agreed that if you stopped making payments the bank would get the house. Give them the house. Of course this would be a huge hit to your credit score and you would probably not be able to obtain another mortgage at a decent rate for at least 7 years. You may have trouble obtaining other financing as well (i.e. auto loans). If you plan on moving to an apartment and don't need to finance car purchases this may be OK.


"Well, to be fair, it certainly wasn't a priority for the government to oversee account-opening operations at the branch level, and I'm sure if they did there would be deafening noise about overreach. I'm sure that there could be some productive changes made to the CFPB, but as is a theme among the GOP these days, all they want to do is negate every regulation made since 2008 out of spite--or at least that's what it seems like to me. This bill goes way too far in the opposite direction and is a danger to the economy--particularly among those of us who chose to leave big banks for smaller banks, who now have carte blanche to gamble in order to ""compete"" with the big guys. Looks to me like a strategy to discredit smaller banks in the end."


What legal way can I take what I am owed from this guy? The legal ways are for this guy to transfer you the money or give you instructions that will allow you to get the money. Alternatively you would need to file a civil suite to recover the funds. What illegal way do people use this info if they had it? I don't want to get in trouble, but I'm just curious because you always hear how easy it is. There are quite a few illegal ways. I don't think this is the right forum to discuss this.


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"You ask two questions - First - the market value can drop for two reasons (that I know), the company itself may have issues, and investors don't trust they'll be paid, or a general rise in interest rates. In the latter case, there's little to worry about, but for the former, well, that's your decision, you say ""the company is in trouble"" yet you believe they'll pay. Tough call. Second - yes, when a bond matures, the money appears in your account."


"Whoa. These things are on two dimensions. It's like burger and fries, you can also have chicken sandwich and fries, or burger and onion rings. You can invest in an taxable brokerage account and/or an IRA. And then, within each of those... You can buy index funds and/or anything else. All 4 combinations are possible. If someone says otherwise, take your money and run. They are a shady financial ""advisor"" who is ripping you off by steering you only into products where they get a commission. Those products are more expensive because the commission comes out of your end. Not to mention any names. E.J. If you want financial advice that is honest, find a financial advisor who you pay for his advice, and who doesn't sell products at all. Or, just ask here. But I would start by listening to Suze Orman, Dave Ramsey, whomever you prefer. And read John Bogle's book. They can tell you all about the difference between money market, bonds, stocks, managed mutual funds (ripoff!) and index funds. IRA accounts, Roth IRA accounts and taxable accounts are all brokerage accounts. Within them, you can buy any security you want, including index funds. The difference is taxation. Suppose you earn $1000 and choose to invest it however Later you withdraw it and it has grown to $3000. Investing in a taxable account, you pay normal income tax on the $1000. When you later withdraw the $3000, you pay a tax on $2000 of income. If you invested more than a year, it is taxed at a much lower ""capital gains"" tax rate. With a traditional IRA account, you pay zero taxes on the initial $1000. Later, when you take the money out, you pay normal income tax on the full $3000. If you withdrew it before age 59-1/2, you also pay a 10% penalty ($300). With a Roth IRA account, you pay normal income tax on the $1000. When you withdraw the $3000 later, you pay NOTHING in taxes. Provided you followed the rules. You can invest in almost anything inside these accounts: Money market funds. Terrible return. You won't keep up with the market. Bonds. Low return but usually quite safe. Individual stocks. Good luck. Managed mutual funds. You're paying some genius stock picker to select high performing stocks. He has a huge staff of researchers and good social connections. He also charges you 1.5% per year overhead as an ""expense ratio"", which is a total loss to you. The fact is, he can usually pick stocks better than a monkey throwing darts. But he's not 1.5% better! Index funds. These just shrug and buy every stock on the market. There's no huge staff or genius manager, just some intern making small adjustments every week. As such, the expense ratio is extremely small, like 0.1%. If any of these investments pay dividends, you must pay taxes on them when they're issued, if you're not in an IRA account. This problem gets fixed in ETF's. Index ETF's. These are index funds packaged to behave like stocks. Dividends increase your stock's value instead of being paid out to you, which simplifies your taxes. If you buy index funds outside of an IRA, use these. Too many other options to get into here."


Yea I'm super confused about why this is being touted as some revenge fantasy on corporate overlords, or something. She was hired to do a job, got paid to do it, and was no longer required to do the job. I don't still get residual paychecks from my first job out of college, and they don't get to call me up and ask me to do a process analysis- I did my job and now I do another one (for someone else). What obligation does an organization have to an employee beyond a paycheck....?


Determine how much you are going to save first. Then determine where you can spend your money. If you're living with your parents, try to build an emergency fund of six months income. The simplest way is to put half of your income in the emergency fund for a year. Try to save at least 10% of your income for retirement. The earlier you start this, the longer you'll have to let the magic of compounding work on it. If your employer offers a 401k with a match, do that first. If not, consider an IRA. You probably want to do a Roth now (because you probably pay little in taxes so the deduction from a standard IRA won't help you). After the year, you'll have an emergency fund. Work out how much money you'll need for rent, utilities, and groceries when you're on your own. Invest that in some way. Pay off student loans if you have any. Buy a car that you can keep a long time if you need one. Go to night school. Put any excess money in a savings account or mutual fund. This is money for doing things related to housing. Perhaps you'll need to buy a washer/dryer. Or pay a down payment on a mortgage eventually. Saving this money now does two things: first, it gives you savings for when you need it; second, it keeps you from getting used to spending your entire paycheck. If you are used to only having $200 of spending cash out of each check, you will fit your spending into that. If you are used to spending $800 every two weeks, it will be hard to cut your spending to make room for rent, etc.


"Remember this gush-a-thon when everything you can buy comes from the Amazon [chaebol](https://en.wikipedia.org/wiki/Chaebol). Only on this site could there be a cult surrounding a predatory reptile who would make the Rockefellers and JP Morgan squirm. You've been sucked in again; just like with Saint Elon and the Martyred Steve. Those 'disruptors', putting it to the ""man"" from their little garages, until they inevitably become what they conquered."


"Say we have stock XYZ that costs $50 this second. It doesn't cost XYZ this second. The market price only reflects the last price at which the security traded. It doesn't mean that if you'll get that price when you place an order. The price you get if/when your order is filled is determined by the bid/ask spreads. Why would people sell below the current price, and not within the range of the bid/ask? Someone may be willing to sell at an ask price of $47 simply because that's the best price they think they can sell the security for. Keep in mind that the ""someone"" may be a computer that determined that $47 is a reasonable ask price. Remember that bid/ask spreads aren't fixed, and there can be multiple bid/ask prices in a market at any given time. Your buy order was filled because at the time, someone else in the market was willing to sell you the security for the same price as your bid price. Your respective buy/sell orders were matched based on their price (and volume, conditional orders, etc). These questions may be helpful to you as well: Can someone explain a stock's ""bid"" vs. ""ask"" price relative to ""current"" price? Bids and asks in case of market order Can a trade happen ""in between"" the bid and ask price? Also, you say you're a day trader. If that's so, I strongly recommend getting a better grasp on the basics of market mechanics before committing any more capital. Trading without understanding how markets work at the most fundamental levels is a recipe for disaster."


Since I haven't seen it in any of the comments so far, there's another reason - automation or obsoletion. How soon will we no longer need humans to work as machinists? I have no experience with the trade, so I certainly couldn't say. It's natural for labor needs to shift over time, but if they are shifting more quickly, and while shifting are also dwindling, one would imagine that it's more a difficult for a worker to stomach going to another trade school to pick up another trade that won't pay as well and for which the demand may evaporate, since they are less familiar with the prospects of its automation.


"Another option you might consider is rolling over some of that 401K balance into a self-directed IRA or Solo 401K, specifically one with ""checkbook privileges"". That would permit you to invest directly in a property via your IRA/401K money without it being a loan, and preserving the tax benefits. (You may not be able to roll over from your current employer's 401K while still employed.) That said, regarding your argument that your loan is ""paying interest to yourself"", while that is technically true, that neglects the opportunity cost -- that money could potentially be earning a much higher (and tax-free) return if it remains in the 401K account than if you take it out and slowly repay it at a modest interest rate. Real Estate can be a great way to diversify, build wealth, and generate income, but a company match and tax-free growth via an employee sponsored retirement account can be a pretty sweet deal too (I actually recently wrote about comparing returns from having a tenant pay your mortgage on a rental property vs. saving in a retirement account on my blog -- in short, tax-free stock-market level returns are pretty compelling, even when someone else is paying your mortage). Before taking rather big steps like borrowing from a 401K or buying a rental property, you might also explore other ways to gain some experience with real estate investing, such as the new crop of REITs open to all investors under SEC Reg A+, some with minimums of $500 or less. In my own experience, there are two main camps of real estate investors: (1) those that love the diversification and income, but have zero interest in active management, and (2) those that really enjoy real estate as a lifestyle and avocation, happy to deal with tenant screening and contractors, etc. You'll want to be careful to be sure which camp you're in before signing on to active investment in a specific property."


I did read the article. I'm very surprised that such a simple and alternative idea was poorly received, but I have a feeling it's because you didn't read my response carefully enough. The 3-5 years which you took to mean the training time, was presented as the commitment in return for free training, which I expected would take around 6-12 months. The candidates suggested would already have Master's Degrees in other fields, and so it's to be expected they'll need around 30-60 hours to train them to an academic level. Full time this should only take a year. An H1-B visa takes around 6 months to process, and when you factor in the amount of time it takes someone to actually move from a foreign country, it can easily be faster to train than transport. In any case, you could do both while you transition to a training process. Here's an article on the processes that I am discussing where Peter Capelli is interviewed by the Wharton Business School. The gist of it is that because companies control every aspect of the hiring and job creation process, it is a large part of the fault on their shoulders when they 'can't find the right person.' http://knowledge.wharton.upenn.edu/article.cfm?articleid=3027 Thanks for playing.


Think of it this way, if you traveled back through time one month - with perfect knowledge of AAPL's stock price over that period - which happens to peak viciously then return to its old price at the end of the period - wouldn't you pay more for an American option? Another way to think about options is as an insurance policy. Wouldn't you pay more for a policy that covered fire and earthquake losses as opposed to just losses from earthquakes? Lastly - and perhaps most directly - one of the more common reasons people exercise (as opposed to sell) an American option before expiration is if an unexpected dividend (larger than remaining time value of the option) was just announced that's going to be paid before the option contract expires. Because only actual stockholders get the dividends, not options holders. A holder of an American option has the ability to exercise in time to grab that dividend - a European option holder doesn't have that ability. Less flexibility (what you're paying for really) = lower option premium.


To be fair, I am sure the label will be the one paying for it. If any of these artists have a new album (or whatever we call them now) it will be worth the dollars. How much did U2 pay for their commercial and free download on iTunes last year? The NFL is a business and should be driving as much revenue from as many sources as possible, just like any other business.


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I guess it was a bit of a generalisation, I can see in businesses where contacts are important an MBA would be incredibly useful, I'm in online retail (fairly cheap items) and haven't particularly needed contacts, where-as a service industry could highly benefit from the people they met on the course. I think my problem is more to do with the majority of people who do an MBA, or even maybe just the people I've met. I take your point, because I taught myself to be a better manager, good at customer service, finance etc. and it was a hell of a lot of work, and I'm sure I still have a lot to learn.


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>Someone remind WalMart this is not 2007 when they were the baddest, biggest company in the country But....they are... Their revenue is over quadruple that of amazons, and in 2015 amazon had profits of 596 million, while Walmart had 14.6 *billion*. So yes, I'd say that Amazon is somewhat of a decent competitor, but Wal-Mart is still *very far* ahead of amazon in all metrics (including having a higher profit margin!) which means - more leverage against amazon.


>If you define Netflix as an upstart then I can already see that we don't agree on the same premise I'm not really saying Netflix is an upstart. But the streaming service didn't really start until 2008. It took out Blockbuster plus a hundred other brick and mortar stores, and even Walmart gave up on competing against it directly. In the past 15 years of its life, it's done very, very well against competitors who more than three times as old as it. >Do you really think Youtube or Netflix will be able to produce a quality show? I haven't said Youtube or Netflix will be the producers. They are obviously distributors. That is my point! Currently the networks are in this netherworld where they produce a little and distribute some... this will not last. The creative people will make good stuff with capital backing, then it will be distributed either in a monopolistic manner or over a dozen or more channels. The quasi wold the networks live in won't last, torrents will see to that. Monopolistic delivery will depend upon annual payments (monthly subscriptions and ads). Mass delivery will depend upon per item billing, ads, or viewer input. >TV will still be around 50 years from now In the sense you can sit down and turn on a screen and see stuff. But when I do that, there isn't anything I want to see. I have to wait or plan on when to sit in front to enjoy myself. That isn't going to last. Consumers want stuff on their own schedules, not the networks. So, there will be unlimited channels of stuff (like the Seinfeld channel). The only content consumers will plan for is sports and special events (really, more sports). Sports not live may as well be dead. Still, the sports content providers will find the internet very profitable, try NFL.com and see what it costs. >In the end, people do not want to watch cheap low-quality comedy on their iPhones Actually, people would love to access shows they pay for on any of their devices. I'd love to be at the gym and see something streamed onto my iphone as effortlessly as on my TV at home or PC in my office. That's exactly what consumers want. The streaming service will detect my device and send me an appropriate steam quality... obviously my iphone needs less quality than my 50 inch TV. > I don't see the logic and destroying TV No one talked about destroying TV, just that the content providers will be different. Consumers will still be watching stuff on TV... at home, at the bar, wherever. It just won't be CNN or NBC like we know them today. Or, it will be if they figure out how to give consumers what they want. >people will always consume the cheapest form of entertainment That's not really true. Seinfeld was produced fairly cheaply (except actor and writer salaries), go look at some episodes... they look cheap by today's standards. But cheap production doesn't mean the content is cheap. If you want Seinfeld... and people want to see him, then you have to pay. Same for Beatles music (one song in a movie will cost you at least a million dollars). People want entertaining content. Howard Stern does well on pay radio. So does Rush Limbaugh on free radio. Each has a different business strategy, and each succeeds.


As an addition to Chris Rea's excellent answer, these tender offers are sometimes made specifically to cast doubt on the current market price. For instance, a large public company that contracts with a smaller supplier or service company, also public, might make a tender offer below market price. The market will look at this price and the business relationship, and wonder what the larger company knows about the smaller one that they don't. Now, what happens when investors lose confidence in a stock? They sell it, supply goes up, demand goes down, and the price drops. The company making the tender offer can then get its shares either way; directly via the offer, or on the open market. This is, however, usually not successful beyond the very short term, and typically only works because the company making a tender offer is the 800-pound gorilla, which can dictate its own terms with practically anyone else it meets. Such offers are also very closely watched by the SEC; if there's any hint that the larger company is acting in a predatory manner, or that its management is using the power and information of the company to profit themselves, the strategy will backfire as the larger company finds itself the target of SEC and DoJ legal proceedings.


"Low cost tuition or loan forgiveness is stealing in the same way the government steals from you to build roads, schools, police departments and other social services. That is why I used to term brainwashed because there is a massive propaganda effort that says paying taxes to allow our society to function is theft and immoral so the wealthy can skirt their tax obligations with the support of the lower class. Why don't you get your head of the the sand and look at how other countries do things. Things like single payer health care or low cost/free college are the norm in the developed world and they suffer far fewer societal problems and less inequality as a result. So keep spouting your ignorant ""taxes are theft"" rhetoric straight from Fox News. It doesn't seem like going to school has done much to enlighten your way of thinking"


"What do you mean by ""handful"" and ""VERY well-funded""? There are a plenty of HFT shops out there that do just fine. But what zenwarrior said before about the effect of fund size is especially true for HFT, since market capacity is usually the limiting factor when making trades."


A correction always happens every 10-12 years, but the GDP hasn't been moved because of housing this time, which had never happened before either. So just a typical correction could happen, like in 1998, and 1988 and the decades before that.


I wish that were the case. He did things that had one of my own employees done it I would have fired them. He was/is able to act with impunity because his boss just wants things done. He gets them done but there are often problems, things need to be explained upwards and downwards, confusion and resentment ensue and people are not communicated with who have active, relevant roles in things that need to be communicated about.


Many of the allegations against Uber might be true, and that's terrible. But what about the ones against Taxi drivers? I can't speak for England, but in Latin America you have many more sex assaults in taxis that in Uber drivers (proportionally, of course). Usually these are partial / subjective reports. We need to see all the info in one place to be able to form a good informed opinion. Usually these servicios (Uber, Grab, Lyft) are banned in those countries where we need them the most.


It depends on: In Canada, Ontario, Manitoba, Alberta and Nova Scotia have each enacted legislation to stop gift cards/certificates from expiring. Cards issued before the effective date are still subject to the old rules. The legislation came into effect: There are several common themes: There are still some unusual exemptions such as mall gift cards in Ontario, Manitoba: Ontario is the first jurisdiction in Canada to regulate gift cards. [...] Mall cards (e.g. Eaton Centre gift card) will be covered by the expiry date ban and the new disclosure rules. However, these cards can temporarily maintain their current fee structure while the provincial government examines options on how to best regulate these types of cards. This will allow more time to develop an approach that strikes the right balance for consumers and businesses. For specific details see the appropriate link.


"For easy math, say you are in the 25% tax bracket. A thousand deposited dollars is $750 out of your pocket, but $2000 after the match. Now, you say you want to take the $750 and pay down the card. If you wait a year (at 20%) you'll owe $900, but have access to borrow a full $1000, at a low rate, 4% or so. The payment is less than $19/mo for 5 years. So long as one is comfortable juggling their debt a bit, the impact of a fully matched 401(k) cannot be beat. Keep in mind, this is a different story than those who just say ""don't take a 401(k) loan."" Here, it's the loan that offers you the chance to fund the account. If you are let go, and withdraw the money, even at the 25% rate, you net $1500 less the $200 penalty, or $1300 compared to the $750 you are out of pocket. If you don't want to take the loan, you're still ahead so long as you are able to pay the cards over a reasonable time. I'll admit, a 20% card paid over 10+ years can still trash a 100% return. This is why I add the 401(k) loan to the mix. The question for you - jldugger - is how tight is the budget? And how much is the match? Is it dollar for dollar on first X%?"


Sprachschule Nihao gives you a chance to take in genuine Chinese learning lessons from music recordings, advertisements, news and moving talks. It actually guides you into learning Chinese dialect. Local Chinese content remains in close vicinity, and you'll learn Chinese as it's talked, in actuality.


Two companies I worked for in the DC area also did WageWorks. The commuting money could be used for the Subway, Bus, and commuter rail. A separate pot of money was used for parking. We had to estimate the amount of money that would be used the next month. We had to decide by mid-June how much we would spend in July. The money was automatically added to the metro fare card on the first business day of the month. When I first started they put the money on a special debit/credit card that could only be used at commuter system. It would be rejected at the department store. If parking couldn't be paid using a special card, there was a way to claim the money with or without receipts. If the company, like the US Government does for their employees, paid the commuting expenses any excess funds at the end of the month were pulled back from the card. They were just starting to do this in 2012 for employee pre-tax funds. They were supposed to add it to your next paycheck any excess at the end of the month. There was also a way to use post tax funds from your paycheck so that all your commuting expenses could be on one card. Of course any post-tax funds would be left on the card. There was no real way for them to audit this because the system would never know if you were going to work or going to the dentist. I ended up using two cards, one for work and one for non-work usage.


"Professional investors managing large investment portfolios for ""institutions"" -- a college, a museum, a charitable organization, et cetera. I'm not sure whether those managing investments for a business are considered institutional investors or not. The common factor tends to be large to immense portfolios (let's call it $100M and up, just for discussion) and concern with preserving that wealth. Having that much money to work with allows some investment strategies that don't make sense for smaller investors, and makes some others impractical to impossible. These folks can make mistakes too; Madoff burned a lot of charities when his scam collapsed."


If your question is truly just What is good growth? Is there a target return that's accepted as good? I assumed 8% (plus transaction fees). Then I'd have to point out that the S&P has offered a CAGR of 9.77% since 1900. You can buy an S&P ETF for .05%/yr expense. If your goal is to lag the S&P by 1.7%/yr over the long term, you can use a 85/15 mix of S&P and cash, sleep well at night, and avoid wasting any time picking stocks.


"This is the best tl;dr I could make, [original](https://qz.com/994323/economists-say-the-ultra-wealthy-dodging-taxes-far-more-than-we-think/) reduced by 74%. (I'm a bot) ***** > Economists Annette Alstads&aelig;ter, Niels Johannesen, and Gabriel Zucman have taken the data from the two leaks and combined them with unusually detailed income and wealth records in Norway, Sweden, and Denmark to estimate the size and scope of tax evasion. > The economists&#039; surprising finding: The top.01% of the wealthy in these countries evades about 30% of their respective personal income and taxes, compared to the average evasion rate of 3%. These findings complicate two arguments commonly made by defenders of the status quo: One, that tax evasion is a relatively uncommon practice among the very wealthy highlighted by extreme cases, and two, that tax evasion among lower-income earners-working under the table or failing to declare tips, for example-is more pernicious than the use of offshore banks. > The researchers think that the results will likely show more tax evasion among the ultra-wealthy in more unequal countries, like the United States. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6etje2/economists_say_panama_papers_and_swiss_leaks_show/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~134702 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*: **tax**^#1 **evasion**^#2 **wealthy**^#3 **wealth**^#4 **super**^#5"


"Scenario 1 is typically the better description. If commercial banks were allowed to simply ""create"" money, they wouldn't be in the mess they're in now. In the U.S., the central bank is the Federal Reserve or Fed, and is the only entity (not the government, not the banks, not the people) that is allowed to create money ""out of thin air"". It does this primarily by buying government debt. The government spends more than it takes in, and so to come up with the deficit, it issues bonds. The Fed buys a certain amount of these bonds, and simply prints the money (or more realistically authorized the electronic transfer of $X to the Treasury) which the government then spends. That places money in the hands of corporations and the people, who turn around and spend it. However, long-term, the interest charges on money borrowed from the Fed will actually remove money from the economy. The central banks, therefore, have to constantly make marginal changes to various monetary policy tools they have when the economy is just humming along. If they do nothing, then too much of a short-term increase in money supply will result in there being ""too much money"" which makes an individual monetary unit worth less (inflation), while making money too hard to get will reduce the rate at which it's spent, reducing GDP and causing recessions. The exact scenario you describe is typically seen in cases where the government is running with a balanced budget, and the central bank thus can't give its ""new money"" to the government to spend when it wants to increase the money supply. In that situation, the central bank instead lowers its lending rate, the percentage interest that it will charge on loans made to other banks, thereby encouraging those banks to borrow more of the money created by the central bank. Those banks will then use the money to make loans, invest in the market, etc etc which puts the money in the economy. In the U.S., the Fed does have this tool as well, but increases or decreases in the ""Federal Funds Rate"" are typically used to influence the rate that banks charge each other to borrow money, thus encouraging or discouraging this lending. A lowering in the interest rate makes banks more likely to borrow from each other (and from the Fed but the amount of money ""created"" this way is a drop in the bucket compared to current ""quantitative easing""), and thus increases the ""turnover"" of the existing money in the economy (how many times a theoretical individual dollar is spent in a given time period)."


Yep. Definitely troll. Deregulation made it possible for anyone to start an airline and then airlines without unions kicked the snot out of unionized airlines. Same plane, same airports, and the flight costs $350 to fly on an airline with unionized employees or $300 to fly on an airline without the unions. Guess which one the public picked?


>Budweiser is one of the highest quality products ever produced. Don't conflate consistency and quality. Yes, Budweiser produces an impeccably consistent product, with effectively zero batch variation. And, yes, accomplishing that is tremendously difficult, and it requires a lot of skill. But so what? McDonald's hamburger patties are virtually identical whether you go to a franchise in Alaska or Florida; that doesn't mean they're a quality product. I can use a compass and a ruler to make thousands of perfectly identical stick figures, but I wouldn't be heralded as an artistic genius. Budweiser is not a quality product. It's just a consistent one.


I was reading recently that of the top 10 closed-end funds with the highest premium to NAV like half of them were Pimco's. I also think its interesting and funny how Gross and El-Arian are basically espousing completely opposed viewpoints now when they go on shows.


You could argue that Nokia was overvalued at the time, but I think you're right. As incompetent as Elop was/is, you have to have many tiers of management making strategic mistakes to explain what happened to Nokia. Their first sin was failing to anticipate how a pocket-computer/smartphone would disrupt the mobile market. Their second sin was failing to respond to the clear evidence that this was happening in 07/08 with the first iPhones - think of how rubbish their Symbian OS continued to be until they adopted Windows Phone. Their third was their failure to accept a future as a mere OEM. Had they started producing flagship android phones, in say 2012, then I believe we wouldn't see Samsung as dominant in the western market as it is now.


So how do you buy a house in or near Toronto? What are the numbers? So basically $800,000 for a starter house. Here in the midwest you would need to make $250,000 minimum to qualify for that mortgage. 2.5 time income. Is everyone renting? I see that in California? Also rents don’t support the house value in the Bay Area. So basically property managers are renting not for profit but for value growth.


I guess I was getting at a few things - distributed solar power now is cheaper than utility grid-based power for at least 1/3 of US homes and that ability to lower energy prices is continuing to grow. Electric Vehicles will soon be cheaper and more compelling than gas-powered alternatives. Other forms of electric transport will come over the next 10+ years. Significant change is coming in electrical production, transmission, and consumption. Climate change is not a hoax and labeling it as such very clearly reflects the lack of any sort of education on the issue. Therefore, yes, my response was emotional.


I'm a little confused by your question to be honest. It sounds like you haven't sold it to him, but you have a verbal arrangement for him to use the car like it's his. I'm going to assume that's the case for this answer. This is incredibly risky. If you've got the car on credit and he stops paying, or you guys break up... you will be liable for continuing to make payments! If the loan is in your name, it's your responsibility. Edited. The credit is yours. If he decides to stop paying, you're a little stuck.


I do! What are you trying to explain to me? The situation (as I understand it) is that GS bought a bunch of PDVSA debt in May, on the secondary market. New sanctions went into effect a few days ago on new debt issued by VZ or entities like PDVSA. So GS did a deal in May that would still technically be allowed today. It was a dirty move then, and its a dirty move now. But legal. So, what did I miss?


The EU's situation is nothing like the United States. The core problem there is a monetary union without a fiscal union. All the member countries were bound to a currency they had no control over, despite the health and resources of their economies.


This is all going to setup for more issues in banking industry yet the next big time a wells fargo happens, people wont be able to hit them where it hurts, the bottom line. What a cluster F. I hate both parties but at this stage I want a complete democrat sweep to undue the damage the pres and his party are doing to this country.


You need to read up on how QE works. Banks are not reinvesting deposits at the Fed in Equities. They are earning interest and sitting there, hence why the velocity of any money supply measure is far below where it used to be.


I think Reddit has the ability to be a Coca-Cola like brand. Having structural rules of how the website flows, but allowing members to change things to their liking on their subreddits is a good way to stay familiar and seem new. If they change it they might be altering a hidden core feature for users which might push them away.


The idea behind investing in index funds is that you will not under perform the market but also at the same time not over perform against the market either. It is meant for those (majority of the investing population) who do not or cannot invest more time in actively researching different investment options. So even considering for a moment that the yields on the index funds will drop significantly in the future, since the fund is supposed to be replication of the whole market itself, the market too can be assumed to be giving significantly lower future yields. In my opinion the question that you ask is confusing/contradictory because, its like pegging the fund performance to an avg and then asking if it will be higher or lower in the future. But rather its always going to be exactly the average, even if the absolute yields turn higher or lower


If that condition is permanent -- the stock will NEVER pay dividends and you will NEVER be able to sell it -- then yes, it sounds to me like this is a worthless piece of paper. If there is some possibility that the stock will pay dividends in the future, or that a market will exist to sell it, then you are making a long-term investment. It all depends on how likely it is that the situation will change. If the investment is small, maybe it's worth it.


The market is competitive and almost every single brand that is trying to scale up in this evolving marketing ecosystem is trying to leverage on new age communication methodologies in order to gain attention from its target audience. In order to get increased limelight and keep on becoming competitive; it is important that they take the help from an expert service provider such as an advertising agency. For more - http://tradesi.com.au/subcategory/Advertising.htm


It does make sense to combine debts and pay off the worst (highest interest rate). However, if you can't get any loan, you should focus on the worst debt and pay that off. Then take the same amount of money you were paying to the next worse debt, and so on until you're clean. Let's look at an example. Debt A is at 5%, Debt B is at 10% and Debt C is at 15%. You are paying AB and C. On a monthly basis, you save 100€ to pay off C. Once C is payed off, you keep on saving 100€ and add whatever you were paying to Debt C to those savings. This way, you can pay off Debt B at an increased rate. When B is cleared, you save 100€ + whatever you were paying to Debt B and Debt C to clear Debt A. That's the theory.


I use mint.com for tracking my finances. It works on mobile phones, tablets, and in a browser. If you don't mind the initial hassle of putting in the credentials you use to access your account online, you'll find that you're able to build a comprehensive picture of the state of your finances relatively quickly. It does a great job of separating the various types of financial transactions you engage in, and also lets you customize those classifications with tags. It's ad-supported, so there's no out-of-pocket cost to you, and it doesn't preclude you from using the personal finance software you already have on your phone.


No. Supply takes 5yrs to come on line from planting to harvesting. The issue on the supply side has been twofold: 1) vanilla bean prices have been falling for some time so many farmers switched to other crops, 2) 50%+ of all vanilla bean is grown in Madasgar, which experienced a typhoon, which damaged a bunch of the existing crop. On the demand side, people are switching from artificial flavoring to more natural ingredients, which actually taste much better too. So, there's a significant demand/supply imbalance which will utilitmately correct but it could take a long time to do so. My problem is figuring out a viable shorting mechanism as the commodity is not publicly traded and the timeframe is long


Yes, you can still file a 1040nr. You are a nonresident alien and were: engaged in a trade or business in the United States Normally, assuming your withholding was correct, you would get a minimal amount back. Income earned in the US is definitely Effectively Connected Income and is taxed at the graduated rates that apply to U.S. citizens and resident aliens. However, there is a tax treaty between US and India, and it suggests that you would be taxed on the entirety of the income by India. This suggests to me that you would get everything that was withheld back.


Yes, but the size and extent of a crime is very important in deciding what to do about it, whether or not it warrants taking resources from other crimes to fight it, or how to legislate or protect against it. Presenting incorrect data makes it difficult to allocate resources in law enforcement for the best outcomes for society. Getting caught lying about relevant data makes those catching you less likely to take you seriously. Never cry wolf, after all.


No. There is no incentive for the card issuer to permanently loan you money for free (Even though they make a small amount of money with every transaction). Yes, there are many credit cards that offer introductory 0% APR, often lasting for a year, some even two years. In theory, you could keep applying for new cards with these terms, and continually transfer the balance to the new card (Though you would probably incur a fee for doing so).


"The biggest (but still temporary) ding you'll see on your credit score from opening a new account is from the low average (and low minimum) account age. This will have a stronger effect than the hard pull of the credit report, which is still a factor (but not much of one if you only have 1-2 pulls in the past couple years). Having a lower average account age increases your risk to lenders. Your average will go up by one month per month, and each time you open an account it will suffer a drop proportional to the number of accounts you already had open before. So if you want to have a more ""solid"" credit score that stays strong in the face of new accounts in the future, it's better to open a few more accounts now (assuming you can ride out the temporary drop in score and aren't planning to go e.g. mortgage-shopping in the very near future). Having an additional line of credit will also likely cause your credit card utilization (total balance / total credit limit, expressed as a percentage) to decrease, which would tend to increase your credit score, counteracting the age factor, unless your utilization is already extremely low (which it probably is given your monthly account payoffs). There are various credit score simulators out there, from places that show you your credit score, and you can put in a hypothetical new card account to see the immediate likely impact for your particular situation. You identified other costs, such as risk of fraud and fees. You should check your statements once in a while even if you're not using the card, just to make sure no one else is. The bit of additional time required for this is a nonzero cost of having an open credit card account. So is the additional hassle of dealing with having the card stolen etc. if you carry it in your wallet and your wallet's stolen. If you have an account with zero activity for some number of years, the bank may close it automatically and that can reflect negatively on a credit report (as a bank closure of the account, the reason is often obscured). Check your terms and conditions and/or have some activity every so often to prevent this from happening. Some of the otherwise most attractive credit cards have monthly or annual fees, which will cost you, and you won't want to close those because it would then reduce your credit score (e.g. by reducing the total available credit and increasing your utilization percentage) - so the solution is don't apply for credit cards that have monthly/annual fees. There are plenty of good cards without those fees. With a credit score that high, you can get cards that have some very good benefits and rewards programs, as well as some with great introductory offers. Though I'm not familiar with details of Amazon's offer, $80 cash up-front with nothing else seems unlikely to be among your best options. I would think that for at least some of the fee-free cards available to you, the benefits exceed the costs, and you could ""cash in"" some of the benefits of your good credit record to get those benefits (i.e. this is one of those things you work hard to build good credit for), while also building your long-term reputation for repayment reliability. Also be aware as you shop around for cards that credit card companies pay fairly high referral fees to websites that send customers their way, so if you want you can think about who you're supporting when you click the link that takes you to an application you complete, and choose to support a site you think is providing a useful consumer-focused service. As factors affecting your credit score in addition to payment history (i.e. making regular payments as agreed on the new account will help you), Equifax lists:"


"The difference between TMUSP and TMUS is that the ""with P"" ticker is for a TMobile Preferred Stock offering. The ""without P"" ticker is for TMobile common stock. The difference between the apparent percentage yields is due to Yahoo! Stock misreporting the dividend on the preferred stock for the common stock, which has not paid a dividend (thanks Brick for pointing this out!) Preferred stock holders get paid first in the event of liquidation, in most scenarios they get paid first. They sometimes get better returns. They typically lack voting rights, and after a grace period, they may be recalled by the company at a fixed price (set when they were issued). Common stock holders can vote to alter the board of directors, and are the epitome of the typical ""I own a trivial fraction of the company"" model that most people think of when owning stocks. As the common stock is valued at much less, it appears that the percent yield is much higher, but in reality, it's 0%."


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no this is just a problem with the police union. They are incredibly corrupt and in bed with their corrupt political class who all like to have motorcades and be seen heading a small team of heavily armed thugs on their photo-ops. no mayor can fight the police unions and guarantee their personal safety or public trust when cop unions can and will deliberately sabotage law and order in the city to make a point. Certain jobs can't be safely unionized. A military union would just as fucking crazy to imagine. Public servants ought to be public servants... It's not just another job and they need to be respected and taken care of.


No, I don't have to 'deal with it'. In fact, there's a whole class of people who refuse to 'deal with it' and simply structure their businesses so that their profits are untaxable and accumulate in fun places like Bermuda where thieves such as yourself can't touch it. You might want to consider that perhaps the world would be a better place if you and yours learned to take care of your own rather than expecting others to do it for you.


Actually there has been lots of talk around using a TFSA (Tax Free Savings Account) in Canada for just that purpose. A TFSA allows you: This blog makes some good points about exactly that: The bestest thing about the TFSA is its flexibility. You can take money out of your TFSA at any time for any purpose, without losing the contribution room, which makes this account the number one choice for socking away an emergency fund. So even if you take money out in one year, you can put it back the next, without affecting that year’s $5,000 contribution limit.