Rarely have I seen such convoluted perversions of logic. I could hear reason screaming in agony as it was punished for insisting on the truth contrary to what lies that the author of that website desperately wanted (or was payed?) to believe. This sort of site and its false reasoning are the beginning of the end for Democracy.


Statistically speaking active strategies **are** strictly on par with, or worse when you subtract fees, than passive strategies (regardless of how much time or money you spend investigating companies). Actively managed mutual funds are by and large just a racket where one class of rich people soaks another class of rich people plus some of the middle class. So yeah they should go ahead and call it a day. About time IMO.


I work on a buy-side firm, so I know how these small data issues can drive us crazy. Hope my answer below can help you: Reason for price difference: 1. Vendor and data source Basically, data providers such as Google and Yahoo redistribute EOD data by aggregating data from their vendors. Although the raw data is taken from the same exchanges, different vendors tend to collect them through different trading platforms. For example, Yahoo, is getting stock data from Hemscott (which was acquired by Morningstar), which is not the most accurate source of EOD stocks. Google gets data from Deutsche Börse. To make the process more complicated, each vendor can choose to get EOD data from another EOD data provider or the exchange itself, or they can produce their own open, high, low, close and volume from the actual trade tick-data, and these data may come from any exchanges. 2. Price Adjustment For equities data, the re-distributor usually adjusts the raw data by applying certain customized procedures. This includes adjustment for corporate actions, such as dividends and splits. For futures data, rolling is required, and back-ward and for-warding rolling can be chosen. Different adjustment methods can lead to different price display. 3. Extended trading hours Along with the growth of electronic trading, many market tends to trade during extended hours, such as pre-open and post-close trading periods. Futures and FX markets even trade around the clock. This leads to another freedom in price reporting: whether to include the price movement during the extended trading hours. Conclusion To cross-verify the true price, we should always check the price from the Exchange where the asset is actually traded. Given the convenience of getting EOD data nowadays, this task should be easy to achieve. In fact, for professional traders and investors alike, they will never reply price on free providers such as Yahoo and Google, they will most likely choose Bloomberg, Reuters, etc. However, for personal use, Yahoo and Google should both be good choices, and the difference is small enough to ignore.


yes he has no idea what he is talking about, despite having done exactly this several times lets leave it to anonymous redditor who will never see, let alone have the ability to control, 1/10 of that


Neither of those links disagree with me to be honest. And the first one seems conservative relative to other reporting. > I mean yes, you’re all there together, but if you and I are doing ostensibly the same (and possibly dangerous) work, you’re getting rich and I’m not…. I was once in their place too (presuming we are talking about military). They know that. Any anger I have seen from military people is from either senior enlisted (who are mad that they didn't get out and make a better life for themselves) - and senior enlisted are lower on the totem pole than security contractors so no one gives a fuck about their gripes - and some officers. The best part about being on the top of the security contractor food chain is that you worked for the State Department so you could be openly shitty to military people who copped an attitude of any sort. >Strange also that taxpayers don’t care more about this, although….perhaps not. The amount of bullshit is just too overwhelming. I'm not sure there's a lot to care about. If you asked a random person if they would be willing to go through 4-8 years of military to have a potential shot at getting a job that pays like that one did, but it's in the most violent city on Earth, I imagine they would answer with a resounding no. >Sounds like you could tell lets of stories about the women, though I’m not sure I want to hear them after a good lunch, and I’m pretty sure you don’t want to remember. Good choice.


The difference between the two numbers is that the market size of a particular product is expressed as an annual number ($10 million per year, in your example). The market cap of a stock, on the other hand, is a long-term valuation of the company.


"Yeah, I don't think anyone is suggesting you'll be able to print an entire car and drive it off the lot any time soon. What *could* be done, however, is printing any number of odd one-off parts on the scene. These are the kind of parts that evoke the ""sorry, we don't have that in stock, but I can order it..."" replies you seem to hear everywhere these days. With a combination of a 3D milling machine for metals and a 3D printer for odd shapes, you can make a large variety of parts that functions *equivalently*, even if the replacement differs in appearance or construction. For most people just trying to get a broken thing functional again, that won't matter much, if at all."


If ordinary income tax rates and contribution rates to tax-advantaged retirement accounts are held constant, It's net negative to the extent that the average retirement account return exceeds the risk-free rate. Rather than pushing money into Roth accounts, the government could leave traditional 401(k)s unchanged, borrow the difference in up-front tax revenue that it's foregoing by doing so, and repay that debt as the tax revenue from traditional 401(k) disbursements comes in. Net of interest on the additional debt, the latter strategy would increase the government's total tax revenue by an amount proportional to the average excess return of the affected retirement accounts, with essentially no downside (other than messaging) relative to the strategy that's being proposed. Of course, in reality it's likely that retirement savings rates would decline as a result of the change, so that would partially offset the overall reduction in tax revenue. However, the downsides of reduced retirement savings rates arguably far outweigh that benefit. (That's why tax-advantaged retirement accounts exist in the first place.)


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There are a number of ways someone acquires assets without buying it. People could have inherited assets. They could have been gifted assets. They might have won assets in a lawsuit (unlikely to be a mall, but not impossible). They could have married into the assets. So there's other ways of acquiring assets without purchasing them.


"You really don't think no one is going to sub to this? Because they will. Disney has a huge ass following if you will of people ""eating"" up Disney products. Yes some people will lose interest and some will priate stuff, but this likely not going to backfire on them."


Look through the related questions. Make sure you fund the max your tax advantaged retirement funds will take this year. Use the 30k to backstop any shortfalls. Invest the rest in a brokerage account. In and out of your tax advantaged accounts, try to invest in index funds. Your feeling that paying someone to manage your investments might not be the best use is shared by many. jlcollinsnh is a financial independence blogger. He, and many others, recommend the Vanguard Total Stock Market Index Admiral Shares. I have not heard of a lower expense ratio (0.05%). Search for financial independence and FIRE (Financial Independence Retire Early). Use your windfall to set yourself on that road, and you will be less likely to sit where I am 25 years from now wishing you had done things differently. Edit: Your attitude should be that the earliest money in your portfolio is in there the longest, and earns the most. Starting with a big windfall puts you years ahead of where you'd normally be. If you set your goal to retire at 40, that money will be worth significantly more in 20 years. (4x what you start with, assuming 7% average yearly return).


"Wow, you guys get really cheap finance. here a mortage is 5.5 - 9% and car loans about 15 - 20%. Anyway back to the question. The rule is reduce the largest interest rate first (""the most expensive money""). For 0% loans, you should try to never pay it off, it's literally ""free money"" so just pay only the absolute minimum on 0% loans. Pass it to your estate, and try to get your kids to do the same. In fact if you have 11,000 and a $20,000 @ 0% loan and you have the option, you're better to put the 11,000 into a safe investment system that returns > 0% and just use the interest to pay off the $20k. The method of paying off the numerically smallest debt first, called ""snowballing"", is generally aimed at the general public, and for when you can't make much progress wekk to week. Thus it is best to get the lowest hanging fruit that shows progress, than to try and have years worth of hard discipline just to make a tiny progress. It's called snowballing, because after paying off that first debt, you keep your lifestyle the same and put the freed up money on as extra payments to the next target. Generally this is only worth while if (1) you have poor discipline, (2) the interest gap isn't too disparate (eg 5% and 25%, it is far better to pay off the 25%, (3) you don't go out and immediately renew the lower debt. Also as mentioned, snowballing is aimed at small regular payments. You can do it with a lump sum, but honestly for a lump sum you can get better return taking it off the most expensive interest rate first (as the discipline issue doesn't apply). Another consideration is put it off the most renewable finance. Paying off your car... so your car's paid off. If you have an emergency, redrawing on that asset means a new loan. But if you put it off the house (conditional on interest rates not being to dissimilar) it means you can often redraw some or all of the money if you have an emergency. This can often be better than paying down the car, and then having to pay application fees to get a new unsecured loan. Many modern banks actually use ""mortgage offsetting"" which allows them to do this - you can keep your lump sum in a standard (or even fixed term) and the value of it is deducted ""as if"" you'd paid it off your mortgage. So you get the benefit without the commitment. The bank is contracted for the length of the mortgage to a third party financier, so they really don't want you to change your end of the arrangement. And there is the hope you might spend it to ;) giving them a few more dollars. But this can be very helpful arragement, especially if you're financing stuff, because it keeps the mortgage costs down, but makes you look liquid for your investment borrowing."


You realise a capital gain as soon as you sell the stock. At that point, you will have to pay taxes on the profits when you fill in your tax return. The fact that you used the money to subsequently purchase other stocks is not relevant, unless you sell those stocks within the same tax year. For example, purchase $5000 of stock A in 2010. Sell for $6000 in 2010. Purchase $6000 of stock B in 2010. Sell stock B for $6500 in 2010. Purchase $6500 of stock C in 2010. Sell stock C for $7000 in 2011. You owe capital gains on ($6000 - $5000) + ($6500 - $6000) = $1500 for tax year 2010. You owe capital gains on ($7000 - $6500) = $500 for 2011.


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I'm with several of the others answering the question in that it isn't about opportunity cost so much as the value of the time savings. For example: I'm sure I could re-shingle my roof and save a ton of money on labor, but the marginal cost of having someone do that for me in the 100+ degree Texas heat makes it worthwhile to outsource that job. How much I could have earned at my job for however many hours it takes doesn't really play into it unless I am specifically giving up an opportunity to earn money instead of working on my roof. For example, it might tilt the balance more towards outsourcing the roof job if I had an offer for contract work at $100/hr that I wouldn't have time to do if I worked on the roof. Also, considering the time I'd probably take off from work to do the job is paid vacation it isn't like I'm giving up some of my paycheck to do that job. The real variable is how much value I assign to being able to NOT work on my vacation days. The bottom line is this: What your time is worth is variable and depends on the REALISTIC opportunity cost of using that time on a money making endeavor instead of the option you are considering.


"Another great BBC article: > But he said the UK's recovery was **no longer being led by consumer spending**. . > Professor Miles added: ""... So the recovery, very welcome as it is, has been **a bit dependant on consumer spending**."" Then the rest of the article has a load of suppositions from the BoE who are consistent only in being wrong. Finishing up with: > Professor Miles said most members of the MPC believed this because the ""degree of slack"" in the economy was being used up, it was ""quite likely that as we go into next year wage settlements will be a bit higher and wages will start to rise at a rate that outstrips inflation"" Even though they were wrong on this all before. Thanks BBC!"


"Evaluating the total cost of operation and warranty period are indeed important considerations, but the article is specifically about buyers making an expensive car ""feel"" more affordable to their budget by having smaller payments over a longer term. >“Stretching out loan terms to secure a monthly payment they’re comfortable with is becoming buyers’ go-to way to get the cars they want, equipped the way they want them,” said Jessica Caldwell, Edmunds executive director of industry analysis."


Full disclosure I am not down voting you. Of course it's not fair! But the bad news is life is not fair. There are times when we just have to suck it up and do what's right. Not just morally right, but smart. To put it plainly, America is on its way to becoming a second rate power. We made many stupid choices this past decade, and we have to decide whether we will pick up the pieces together or sit and sulk in our own mud


There is a relatively straightforward transformation explained on the Wikipedia page here and on the links from that page. Note that this only applies to SEDOLs for instruments listed on the London Stock Exchange (LSE). To convert SEDOL to ISIN you pad leading zeroes onto the SEDOL until you have 9 digits. Then you add the two letter country code (as defined in ISO 3166-1) to the front. Then you add a final checksum digit to the end, again as defined in the algorithm on the Wikipedia page. To convert ISIN to SEDOL you do the reverse: remove the final digit, remove the two leading letters, and strip off any leading zeroes. Example:


"they seem to do this with or without an eclipse. their customer service manager told me that it's up to each location to decide which if any online reservations they want to honor. it ""hurts"" doing business with Hertz in my experience. I would like them to communicate in advance if they are not going to accept a reservation so people have a chance to find something else beforehand."


Nope; as a percentage, engineering + compsci degrees have seen their share shrink in the past 4 years: http://www.npr.org/blogs/money/2014/05/09/310114739/whats-your-major-four-decades-of-college-degrees-in-1-graph Compsci is also an extremely versatile degree - it's not just 'here's how to program a computer', it's practising problem solving, understanding client requirements, high-level reading comprehension, and in many programs project management.


You ever think it's Americans and not the workers? Hard to give up your 1gb speed to go to 2mb and no signal on your phone in bumpkinville for $5 over min wage breaking your back outside. To top it off not many people have the money to uproot their life and move out to the country for shit wages.


"I'm honestly with you in the first two... but we need to start getting over number three. It was completely legal and is a done deal. The idea that he should ""make it right"" by gaming the system even further would only exacerbate the politicization of the court. Now that fact that it *was* legal is shitty as hell, but the right place to address that sort of thing would be as a part of broader Senatorial reform that I don't think anybody has the stomach for, unfortunately. Besides that, it's completely extraneous to the topic at hand... what's missing in Washington is not ""advantage by the left over the right"", it's actual discussion and compromise. They need to try to do that on this one thing and make a fresh start. If we keep relitigating the past, this shit goes all the way back to Bork and earlier."


And this is bad why? What is the total funding? What is the total return? Do you have the necessary facts to evaluate this? Basing opinions on partial evidence makes poor public policy. Most municipal bonds might actually work out for the better good of communities. Certainly the total amount of bonds listed as going bad in this story is a tiny, tiny fraction of total bonds.


"This guy said something like ""I won't hire AND I might lay people off AND I might close down shop if any taxes go up."" That is nonsense. There is a level of burden at which a given business will fold. There is no currently healthy business is at the point where one additional penny of taxes will cause them to close their doors. Either this guy is making future excuses for a problem he already has but hasn't announced, or he's being overly ridiculous to make a political point. Either move is shady. That being said, I agree with your assessment 100%. Burden impacts investment."


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Find out whether your state has a homestead law or something similar, which might protect your primary residence during bankruptcy. You may have to explicitly register to receive that protection; details differ. Frankly, you'll get better answers to this sort of question from an agency in your area which deals with folks at risk of of bankruptcy/foreclosure/etc. They should know all the tricks which actually work in your area. Hiring a lawyer may also be advisable/necessary


I second this. Wooldridge is very well regarded (and a very nice guy). His grad level book is quite good as well. The other grad level staple is by Greene. Not sure if he has an introductory book. I also recommend [Ben Lambert's YouTube channel](https://www.youtube.com/user/SpartacanUsuals). He has some playlists for a full undergraduate and graduate level econometrics course. I've watched a few videos and he does a wonderful job.


"What are you doing to help those starving children all over the world and how does having compassion for living animals affect your efforts in that area? All of those man-hours spent armchair debating another fruitless election cycle will really debilitate your empathetic capabilities, huh? ""There's just no time to have a heart; my internet might be changing for the worse!"" I often wonder how otherwise reasonable people in ancient nation states (and at present in various places around the world) were able to regard slaves as sub-human and treat them accordingly; similar to the turkeys we're talking about here. I also would wonder what it would be like to talk to and reason with someone like that. Here you are in the flesh. Your lack of cognitive dissonance is staggering."


Companies pay their employees in stocks and stock options, so they have an incentive towards increasing a company's share price. There are many elements that go into a stock's price. For example, if you hold a stock for eternity you should be indifferent if the expected present value of all its future dividends (i.e. earnings) equals the price you paid for it. Also, buy-back policies and voting rights determine stock price as well. The theory is that since shareholders want return on their investments they would promote company executives in such a way that their incentives are aligned to increase the share price.


"What could a small guy with $100 do to make himself not poor? The first priority is an emergency fund. One of the largest expenses of poor people are short-term loans for emergencies. Being able to avoid those will likely be more lucrative than an S&P investment. Remember, just like a loan, if you use your emergency fund, you'll need to refill it. Be smart, and pay yourself 10% interest when you do. It's still less than you'd pay for a payday loan, and yet it means that after every emergency you're better prepared for the next event. To get an idea for how much you'd need: you probably own a car. How much would you spend, if you suddenly had to replace it? That should be money you have available. If you think ""must"" buy a new car, better have that much available. If you can live with a clunker, you're still going to need a few K. Having said that, the next goal after the emergency fund should be savings for the infrequent large purchases. The emergency fund if for the case where your car unexpectedly gets totaled; the saving is for the regular replacement. Again, the point here is to avoid an expensive loan. Paying down a mortgage is not that important. Mortgage loans are cheaper than car loans, and much cheaper than payday loans. Still, it would be nice if your house is paid when you retire. But here chances are that stocks are a better investment than real estate, even if it's the real estate you live in."


Wish I could upvote this more than once. I built my company on my integrity and customer service. I have had numerous referrals through a few key elements such as * Showing up to every job ON TIME. you have no idea how much people appreciate it when you say you will be there at 1PM and show up at 12:56PM. * Breaking down what I am doing for the customer so they get a feel for what they are paying for (if they show interest, that is) * Eye contact, body language, and any other way you can exude honesty makes a world of a difference. I happen to be somewhat charming which assists me here, but anyone can do it. I think these points have allow my business to grow faster than expected, and I am in a similar industry (electrical).


I will not pay any taxes in the Us, since I am not working for an US company What you will or will not pay is up to you of course, but you definitely should pay taxes in the US, as you're working in the US. Since you mentioned being from Japan, I'll also suggest checking whether you're allowed to perform any work in the US under the conditions of your visa. If you're a F1/J1 student - you'll be breaking the immigration law and may be deported. You might be liable for taxes in Germany, as well, and also in Japan. I'll have to edit this to allow people who downvoted the answer without knowing the legal requirements to change their vote. F1 student cannot be a contractor without a valid EAD. Period. There's no doubt about it and legal requirements are pretty clear. Anyone who claims that you wouldn't be breaking the terms of your visa is wrong. Note, I'm neither a lawyer nor a tax professional, for definite advice talk to a professional.


I came across the following post from Nov. 5, 2009 on the Mint.com blog: 10 Things That You Can Do To Lower your Car Insurance Premium. See their post for details, but here's a summary of the tips: ¹ I'm not so sure about the suggestion to be loyal. I'd still shop around as JCarterRN suggests, but give my current company the opportunity to do better before I'd jump ship.


The article is a bit shortsighted. It is basing its theory on the age difference between India and the other Asian countries. However, how does automation play into this? Also, India has 80%+ of its people in poverty. With automation around the corner, I can only imagine this to be worse than it already is. Not saying India does not have potential to be a tremendous influence in the region. However, to say it will be a superpower might be a bit of a stretch. At this point it is no longer guaranteed that China will become a superpower.


"The prices quoted are for currency pairs traded on the foreign exchange market. For currencies traded on these exchanges, the exchange rates of a given currency pair are determined by the market, so supply and demand, investor confidence, etc. all play a role. EBS and Reuters are the two primary trading platforms in the foreign exchange market, and much of the data on exchange rates comes from them. Websites will usually get their data either from these sources directly or from a data provider that in turn gets it from EBS, Reuters, or another data source like Bloomberg or Haver Analytics. These data sources aren't free, however. In the US, many contracts, transactions, etc. that involve exchange rates use the exchange rate data published by the Federal Reserve. You might see this in contracts that specify to use ""the exchange rate published by the Federal Reserve at 12 pm (noon) on date --some date--"". You can also look at the Federal Reserve Economic Data, which maintains data series of historical daily, weekly, and monthly exchange rates for major currency pairs. These data are free, although they aren't realtime. Data for each business day is mostly updated the next business day."


"Easier to avoid those items than french fries at most fast food places. 3 soft taco meal at taco bell is pretty damn healthy from a calorie/macro standpoint, and that isn't even part of their ""healthy"" menu. What is comparable at BK/Wendy's/McD's etc?"


"This is clearly a scam, and you should stay away from it. Anyone reading this knew that from the title alone - and it seems that you know it too. Don't ""test"" whether something is a scam by putting your own money in it. That is exactly how these scammers make money, and how you lose it. How their scam works is irrelevant. The simple fact is that there is no way you can safely earn 20% return over the course of a year, let alone in 1 day*. You know this is true. Don't bother trying to figure out what makes it true in this case. There is no free lunch. Best case scenario, this is a hyper-risky investment strategy [on the level of putting your money down at a roulette wheel]. Worst case scenario, they simply steal your money. Either way, you won't come out ahead. Although I agree with others that this is likely a Ponzi scheme, that doesn't really matter. What matters is, there is no way they can guarantee those returns. Just go to a casino and throw your money away yourself, if you want that level of risk. *For reference, if you invested $100 for a year, earning 20% returns every day, you would have 6 million trillion trillion dollars by the end of the year. that's $6,637,026,647,624,450,000,000,000,000,000. that number doesn't even make sense. It's more money than exists on earth. So why would they need your $100?"


That is really in contravention to 50 years of conservative/Republican orthodoxy - that local control is better at understanding the needs of local citizens. It's also not so easy to pick up and move to a lower tax state - family, friends, culture, public ed system and opportunities for advancement are the better where we are. The truth is that as a rate payer in the top 10%, my household's tax increase will be used to subsidize the top 1%. If we move anywhere, it will be ex-pat. The opportunities are there for us .. and tbh we have seriously talked about it.


Because lobbying. Otherwise such tax optimization schemes would be counteracted with laws after their discovery by our law-making entities... who can be ~~paid~~ lobbied. Personally I believe if your company uses a country's infrastructure to sell goods for a profit, then you should pay a fair share of that profit to support that infrastructure you use. If you don't want to pay, just don't do business there. But lobbying can alter that logic.


"Most cards, through most banks, already have limits on how much you might be liable for if the card is misused, and have mechanisms for ""charging back"" unauthorized transactions. I'm not sure using a prepaid card would significantly improve your security."


In practice, it would not work. If you put a bid in that was really out of line, even if it got filled, the exchange would reverse it. Other than that it really depends on what the current bid/ask spread it, and what volume its trading, as well as how the market feels. Say the current bid is 11 and you put an order in with bid 11.5, it would soak up all the orders on the market up to the volume your buying. But once your order is filled the market will be determined by what the next order's bid/ask is. It might stay where you moved it too if others feels thats a fair price. But if every other order on the market is still at 11, then the price isnt gonna move. tl;dl unless your a market maker, you could not realistically affect the price.


I would track it using a regular asset account. The same way I would track the value of a house, a car, or any other personal asset. ETA: If you want automatic tracking, you could set it up as a stock portfolio holding shares of the GLD ETF. One share of GLD represents 1/10 ounce of gold. So, if you have 5 ounces of gold, you would set that up in Quicken as 50 shares of GLD.


If both bank accounts are in your name, it appears that NS&I have a free International Payments Service. The Post office international payments are apparently free if you transfer at least £250. In both cases, I have not used the services and I'm not sure if there is some catch that I have missed. Perhaps they only appear free due to an unfavourable exchange rate — I don't know. See also: UK fee-free foreign transfer to own account


"Remember that in most news outlets journalists do not get to pick the titles of their articles. That's up to the editor. So even though the article was primarily about ETFs, the reporter made the mistake of including some tangential references to mutual funds. The editor then saw that the article talked about ETFs and mutual funds and -- knowing even less about the subject matter than the reporter, but recognizing that more readers' eyeballs would be attracted to a headline about mutual funds than to a headline about ETFs -- went with the ""shocking"" headline about the former. In any case, as you already pointed out, ETFs need to know their value throughout the day, as do the investors in that ETF. Even momentary outages of price sources can be disastrous. Although mutual funds do not generally make transactions throughout the day, and fund investors are not typically interested in the fund's NAV more than once per day, the fund managers don't just sit around all day doing nothing and then press a couple buttons before the market closes. They do watch their NAV very closely during the day and think very carefully about which buttons to press at the end of the day. If their source of stock price data goes offline, then they're impacted almost as severely as -- if less visibly than -- an ETF. Asking Yahoo for prices seems straightforward, but (1) you get what you pay for, and (2) these fund companies are built on massive automated infrastructures that expect to receive their data from a certain source in a certain way at a certain time. (And they pay a lot of money in order to be able to expect that.) It would be quite difficult to just feed in manual data, although in the end I suspect some of these companies did just that. Either they fell back to a secondary data supplier, or they manually constructed datasets for their programs to consume."


Two ways to mitigate this risk are to buy a put at a lower premium to the written call, or manage your trade by buying back your call if you see the underlying price going against you - a bit similar to having a stop loss.


You need a source of delisted historical data. Such data is typically only available from paid sources. According to my records, AULT (Ault Inc) began as an OTC stock in the 1980s prior it having an official NASDAQ listing. It was delisted on 27 Jan 2006. Its final traded price was $2.94. It was taken over at a price of $2.90 per share by SL Industries. Source: Symbol AULT-200601 within Premium Data US delisted stocks historical price data set available from http://www.premiumdata.net/products/premiumdata/ushistorical.php Disclosure: I am a co-owner of Norgate / Premium Data.


As an expansion on the correct answer: Consider a really boring economy. Nothing changes; wages and prices stay constant for years at a time. Every month the Consumer Price Index stays at 0%. Then, something catastrophic happens, say on July 31, 2000. A cheap local source for a vital resource runs out, and it must be obtained from a higher cost source. Floods cut internal road networks, resulting in higher transportation costs. Whatever. The new situation is permanent. As a result, the next month, August, 2000, prices go up 5%. That is, 5% higher than the previous month, July, 2000, and 5% higher than a year previously, August 1999. There is a lot of consternation, and politicians each promise that they and only they can wrestle inflation to the ground. But, when the figures for September, 2000 come out, inflation stays the same. Prices are the same as in August, 2000, and 5% higher than in September, 1999. This goes on for months. Nothing changes, prices stay the same, and the inflation rate, year over year, stays at 5%. Finally, the figures for August, 2001 come out. Wonder of wonders; prices are the same as in August, 2000, and inflation drops to zero. And the politicians all take the credit. Short version: inflation year over year changes either because of what in now included in the month just past, or what is now excluded from a year ago.


"In the US there is only one stock market (ignoring penny stocks) and handfuls of different exchanges behind it. NYSE and NASDAQ are two different exchanges, but all the products you can buy on one can also be bought on the other; i.e. they are all the same market. So a US equities broker cannot possibly restrict access to any ""markets"" in the US because there is only one. (Interestingly, it is commonplace for US equity brokers to cheat their customers by using only exchanges where they -- the brokers -- get the best deals, even if it means your order is not executed as quickly or cheaply as possible. This is called payment for order flow and unfortunately will probably take an Act of Congress to stop.) Some very large brokers will have trading access to popular equity markets in other countries (Toronto Stock Exchange, Mexico Stock Exchange, London Stock Exchange) and can support your trades there. However, at many brokers or in less popular foreign markets this is usually not the case; to trade in the average foreign country you typically must open an account with a broker in that country."


Finviz can be screened by beta which is an index of correlation. Finviz covers all major North American exchanges and some others.


"I wish colleges would stop letting incoming freshmen pick majors. Almost no one ends up studying what they thought they would at first. I also went to a state school when I couldn't afford the ""elite"" universities. I started as an English major, went through 3 other majors before settling on finance, and now I work for a top corporate/investment bank. Just try out some classes in different departments. See what you like and where you excel, and let the jobs come later. If you're set on finance though, you need to realize that coming from a ""non-target"" school (I hate that term), it's all about building your network. Yes, you're at a disadvantage because you didn't go to Harvard. But you can find a way to meet and make connections with people that will help you way more than any degree. You're in Chicago, easily one of the top 5 cities in the country for finance...are you trying to tell me that no commodities firms recruit from UIC? Be personable, be persistent, and be damn good at math/statistics/Excel, and you'll have no problem finding a job in finance."


">The existence of outsourcing doesn't apply here. You can't outsource a walmart cashier. You haven't seen automatic checkouts yet? My closest Wal Mart has 8 of them and only one staffed lane most of the time. This shipping facility is also a very likely candidate for a ""lights-out"" automated remodel if they raise wages. You might not be able to outsource but you can sure as shit automate."


I would advise against this. My main reason for saying so is that you are in a time of major transition, and transition equals uncertainty. What if the new job turns out to be a bad one, and at the same time the house is more difficult to rent out than you expect? That seems like a situation that would be worse than the sum of its parts. Some other things to consider: first, if you want to buy a house where your new job is located, you will not be able to borrow as much for that house. This is especially important if you are moving to a city with a very high Cost of Living. Second, your margin on the rental doesn't sound like it would leave much room for profit. A $100 difference between your mortgage and your rent amount will be eaten up very quickly through property management fees and maintenance. If the value of the house does not rise like you expect, that could mean you put in a lot of effort for very little or no gain. Finally, this will require a good deal of time management. Between relocating, closing on this house, and beginning a new job, it sounds like you'll have a lot going on. This may not concern you much, but it's still worth considering.


In the economic cycle we are are going through the crashing of the monoliths - corporate and political - mass extinction events . As far as investment is concerned where the money can be made is with the small to medium sized businesses - progressive evolution - these will pick up the business from the crashed corporates .


1. No one is doing that. 2. They don't care about your guns because you can't win with them. 3. They are very happy that you are afraid someone is going to take away because it keeps you focused on that instead of other issues.


It has properties of both. Tax authorities will eventually give their opinion on this. Through its properties of finite quantity, fungibility, and resistance to forgery/duplication, it acts as a commodity. It can be sent directly between any two parties anywhere on Earth, without regard for the quantity transacted or physical distance, to act as a currency. By the way, establishing trust in a trust-free environment through cryptographic proof-of-work is a remarkable invention. Sending economic value, cheaply and securely, around the world in minutes, not days/weeks, is a remarkable invention. This is where the value comes from.


I agree. My biggest disagreement with the article is the stigma against the rebates offered by exchanges. These are offered for providing liquidity to the markets, and are an added incentive to both market makers and institutional (and now retail) clients to post orders and provide liquidity for other participants to interact with. We have some market making strategies that make very little in gross P&L (i.e., capturing the spread), but net P&L is much higher due to the rebates we get for maintaining quotes and providing liquidity throughout the day, especially in illiquid/small cap names where spreads would be wide if they relied purely on retail/institutional flow. I'm surprised the author didn't talk about inverted exchanges (Bats Y, Edge A) where participants receive rebates for taking liquidity instead of providing it. Those models essentially reward people who need immediate execution - does he see a problem with those or should they be exempt?


I think the issue here is you're starting with a criteria that doesn't actually exist in reality. A very small amount of research will uncover a plethora of options for savings accounts that pay far more interest than your basic checking account and don't require you to spend on the balance to earn the interest. The point of saving is to have a pot of money that you can dip in to when you need it, or when you're ready to spend it for it's intended purpose. That pot of money is not supposed to experience a lot of transactions. It shouldn't be commingled with funds that come and go on a daily basis. It doesn't make sense to have checks or a debit card attached to your savings account, because you shouldn't need access to that money that way; not to mention that those two things open the door to fraud on the money that's supposed to be there for you when you need it. Could you put your savings funds in to a checking account, sure. If we lived in a world where savings accounts that don't force you to jump through hoops to avoid fees didn't pay 10x more interest than interest bearing checking accounts that have similar ease of administration, more people may choose to house savings funds in checking accounts; but that's not the world we live in. Thanks to the back and forth in the comments below I'm now more certain of my position that if you want a high yielding checking account you'll have pay fees or initiate a certain number of debit card transactions, or both. No one wants fees, and you shouldn't be spending on your savings in order to earn interest on the balance. It is very easy to juice your savings account to the best rates available.


"The answer to your question depends very much on your definition of ""long-term"". Because let's make something clear: an investment horizon of three to six months is not long term. And you need to consider the length of time from when an ""emergency"" develops until you will need to tap into the money. Emergencies almost by definition are unplanned. When talking about investment risk, the real word that should be used is volatility. Stocks aren't inherently riskier than bonds issued by the same company. They are likely to be a more volatile instrument, however. This means that while stocks can easily gain 15-20 percent or more in a year if you are lucky (as a holder), they can also easily lose just as much (which is good if you are looking to buy, unless the loss is precipitated by significantly weaker fundamentals such as earning lookout). Most of the time stocks rebound and regain lost valuation, but this can take some time. If you have to sell during that period, then you lose money. The purpose of an emergency fund is generally to be liquid, easily accessible without penalties, stable in value, and provide a cushion against potentially large, unplanned expenses. If you live on your own, have good insurance, rent your home, don't have any major household (or other) items that might break and require immediate replacement or repair, then just looking at your emergency fund in terms of months of normal outlay makes sense. If you own your home, have dependents, lack insurance and have major possessions which you need, then you need to factor those risks into deciding how large an emergency fund you might need, and perhaps consider not just normal outlays but also some exceptional situations. What if the refrigerator and water heater breaks down at the same time that something breaks a few windows, for example? What if you also need to make an emergency trip near the same time because a relative becomes seriously ill? Notice that the purpose of the emergency fund is specifically not to generate significant interest or dividend income. Since it needs to be stable in value (not depreciate) and liquid, an emergency fund will tend towards lower-risk and thus lower-yield investments, the extreme being cash or the for many more practical option of a savings account. Account forms geared toward retirement savings tend to not be particularly liquid. Sure, you can usually swap out one investment vehicle for another, but you can't easily withdraw your money without significant penalties if at all. Bonds are generally more stable in value than stocks, which is a good thing for a longer-term portion of an emergency fund. Just make sure that you are able to withdraw the money with short notice without significant penalties, and pick bonds issued by stable companies (or a fund of investment-grade bonds). However, in the present investment climate, this means that you are looking at returns not significantly better than those of a high-yield savings account while taking on a certain amount of additional risk. Bonds today can easily have a place if you have to pick some form of investment vehicle, but if you have the option of keeping the cash in a high-yield savings account, that might actually be a better option. Any stock market investments should be seen as investments rather than a safety net. Hopefully they will grow over time, but it is perfectly possible that they will lose value. If what triggers your financial emergency is anything more than local, it is certainly possible to have that same trigger cause a decline in the stock market. Money that you need for regular expenses, even unplanned ones, should not be in investments. Thus, you first decide how large an emergency fund you need based on your particular situation. Then, you build up that amount of money in a savings vehicle rather than an investment vehicle. Once you have the emergency fund in savings, then by all means continue to put the same amount of money into investments instead. Just make sure to, if you tap into the emergency fund, replenish it as quickly as possible."


"The US withholding tax applies to stocks/ETFs purchased on the NYSE and other US-based exchanges. If you buy Cenovus on the TSE then you will not be charged this tax. Your last sentence seems like you might be misunderstanding this tax though. If the tax applied, it would not cost you 15% on all your profits, it only applies to dividend yields. So if it pays you a 5% dividend, the tax costs you 0.75%. However, if you buy at $21.19 and sell at $26, then your capital gain is not subject to withholding taxes. It is however, subject to Canadian income tax (at 50% of the gain amount) when it's not sheltered in a TFSA or other registered account. The tax on the gains could easily amount to 16% of your profits, which is a much more significant cost. Therefore, having to pay a 0.75% withholding cost certainly does not ""defeat the purpose of the TFSA"" which is to shelter from Canadian income tax!"


My brother is worried as in US a transaction of more than 10K can be flagged by IRS. Transactions may be flagged to IRS or any other regulators as required. If the intent is correct, there is nothing wrong, your Brother would have to establish that it was for legit reason. Will it be safe to transfer through wire to wire Transfer or is there any other alternatives All legit transfer mechanism would have the same reporting regulation. There is no one better than other method. As stated earlier, if the purpose is bonafide, there shouldn't be anything to worry about.


This is what your car loan would look like if you paid it off in 14 months at the existing 2.94% rate: You'll pay a total of about $277 in interest. If you do a balance transfer of the $10,000 at 3% it'll cost you $300 up front, and your payment on the remaining $5,000 will be $363.74 to pay it off in the 14 month period. Your total monthly payment will be $1,099.45; $5,000 amortized at 2.94% for 14 months plus $10,300 divided by 14. ($363.74 + 735.71). Your interest will be about $392, $300 from the balance transfer and $92 from the remaining $5,000 on the car loan at 2.94%. Even if your lender doesn't credit your additional payment to principal and instead simply credits future payments, you'd still be done in 15 months with a total interest expense of about $447. So this additional administration and additional loan will save you maybe about $55 over 14 or 15 months.


Finance is more local than global. There's a few mega banks but a lot of people still prefer small banks and credit unions. I would say Oil. OPEC has that shit locked down. They make a ton of money because they're crooks and they fix the prices. Thanks to electric cars however, their whole industry is going to collapse in a handful of years. And good riddance. Parasites all of them. None of the people getting rich from Oil have spent any time getting their hands dirty retrieving it. They use poor people to dig the shit up and then they re-sell the shit to other poor people while collecting far too much money in transit. Parasites all of them.


I don't get why people insist on listening to cable tv to buy their stocks or any list. I remember one time a old lady was about to invest a good chunk of money in AOL because a broker said to do it. *face palm.*


In the US, mortgage payments are not deductible. What is deductible is the mortgage interest (to a limit). That, as well, is not deductible unconditionally, but rather as part of your itemized deductions on Schedule A of your yearly tax return. So if you're married and have a standard deduction of $12600 a year, live in a state with no state income tax, and your property tax and the mortgage interest are less than your standard deduction - you will not be getting any tax benefit whatsoever. That is, in fact, the case for many, if not majority, of the US mortgage payers. So in order to get a proper estimate, you need to take into account all the aspects of your tax calculations, which are by nature quite personal, and simulate the changes with the mortgage interest deduction. Most tax preparation software will allow you creating multiple files, so you can run the numbers for different scenarios.


"I recently switched from a very ""creature-comfort"" heavy office to working as a consultant with virtually zero comforts (free coffee and a desk). My new role is much more rewarding because I love the work and freedom. When I look back I wonder; were the creature comforts really important or were they just helping to mask the dismay and borishness of the office and work type? I pay for all of my own supplies, beverages, food, etc now. But I also dictate exactly what I will do each day, everyday. That I wouldn't trade for the world."


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It HAS to end in the dissolution of Equifax. There was an explicit chain of trust. If either party breaks that chain they lose their standing. Consumers know what happens when they commit to actions to lose their credit rating. Equifax needs to answer to the same standards.


A lot of these answers are strong, but at the end of the day this question really boils down to: Do you want to own things? Duh, yes. It means you have: By this logic, you would expect aggregate stock prices to increase indefinitely. Whether the price you pay for that ownership claim is worth it at any given point in time is a completely different question entirely.


Frankly, things that would have seemed crazy to me as little as 5 years ago: Moving most of my assets into precious metals, and since I can't afford (and don't think I have time to properly stock) a farm where I can be self-sufficient, looking at moving out of country to a place with a healthy economy that isn't too dependent on the US. The other reason I'm looking at moving out of country is that the Federal Government seems to be preparing to transition into a police state - which makes some sense given probable large-scale riots when the economy collapses. I don't think that who wins the Presidential election will make any difference to what the government will do.


"> The main issue is that anonymous payment is strongly opposed by banking and governments. The US government [prints nearly half a trillion dollars](http://www.moneyfactory.gov/uscurrency/annualproductionfigures.html) of anonymous money *a year* for use by the public, and banks spend untold billions maintaining a network of machines to dispense it at the time and place of your choosing. In what way is that ""strong opposition?"""


I think the key to intrinsic value is that if you have something with *intrinsic* value, you can derive some direct benefit from it without trading. For example a house has intrinsic value because without trading it, you can use it to stay warm and dry, and use it to store your stuff. Money - whether it's federal currency or bitcoin - has a very low intrinsic value. What can you do with cash without trading it? Maybe make some paper art or patch a leaking boat, but a $20 bill has very little practical (intrinsic) value until you trade it for goods or services. The same with bitcoin - you can't play it like a video game or drink it if you're thirsty, all you can do is trade it for things that you can use directly.


Analysts normally (oxymoron here) gauge their targets on where the stock is currently and more importantly where it has been. Except for in the case of say a Dryships where it was a hundred dollar stock and is now in the single digits, it is safe to assume that Apple for instance was well over $ 700 and is now at $500, and that a price guidance of $ 580 is not that remarkable and a not so difficult level to strike. Kind of like a meteorologist; fifty percent chance of rain. Analysts and weathermen.Hard to lose your job when your never really wrong. Mr Zip, Over and outta here


I know what you mea. It is an extremely dirty mining mineral so my theory is that people are mining more and dealing with the waste better. There's a huge need for it so prices must have gone up. My theory.


assuming that a couple big players are making the majority of money in the stock market (which is true), it is logical to assume that most smaller players are losing. For example, if one big hedge fund makes 20% a year, it means either 20 funds lost 1%, or 5 funds lost 4%, and etc. Assuming that the economy is not drastically getting much better, stocks are a zero sum game. Therefore, the couple of funds with the most resources will be taking from the people that aren't as advanced or taking a chance.


I wouldn't even say it's amazing at UX. Once upon a time it was, but these days it has lost a ton of ground. Take a look at iTunes. With every iteration it has someone managed to get worse and less user friendly. Honestly Apple's strength is it's brand perception. Like you said, a huge amount of its fan base is convinced that the slightest changes are must have features and that their products are superior simply by virtue of being an Apple product.


I took your cue and checked Google and Wikipedia. They are in no way, shape, or form the same company, ~~though their products are manufactured by the same company.~~ *Edit: After looking a little further, it turns out both corporations use separate entities to assemble their products. Thanks TheBullshitArtist for calling that out.*


"To echo part of stannius' response. If it's taxable, there would be tax on $19,999, just a bit less than on $20,000. Your uncle may have a credential, and members here may not, but still he may be mistaken. Or he could be giving you advice on how to skirt the law. The taxability and the $20,000 threshold are unrelated! Trying to 'avoid' the $20,000 is a completely misplaced effort. Gifts from anyone are not taxable to the recipient. So long as nothing is received in return, it's not taxable income to her. In contrast a blogger with a ""tip jar"" is soliciting money in exchange for advice, entertainment, etc. that's taxable. Donations to individuals, in the circumstance you describe are not income to her, nor are they deductible to the donor. Edit - a fellow blogger (more than that, she's my tax crush) had an article Cancer survivor gets $19,000 tax bill for GoFundMe donations which may render my answer incorrect. Other article on this story suggest that the IRS is notified, but the nature of the transfer needs to be addressed. In my opinion, you should find a new uncle CPA."


"She is laundering money for criminals, either knowingly or unknowingly. There are lots of ways to make fraudulent money transfers like credit card fraud, direct debit fraud or online banking trojans. Unfortunately (for the criminals) banks usually reverse such transfers when informed by their customers and inform the police, so criminals can not directly wire these transfers into their personal accounts. That's where so-called ""mules"" come in. Mules are people who are hired by criminals to receive such dirty money and move it to a different account controlled by the criminals. When the transfer gets reversed, two things happen: Your ""friend"" is either one of these mules or in the business of recruiting mules."


> An employer also needs somebody to show up on time A college diploma does not guarantee being timely. You can find out in few days or weeks if an employee shows on time. Look, for certain roles, you need somebody who graduated from college with good grades. No questions about it. But for being a teller in the bank, you don't (one example).


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It could be a a way to preserve the value of your money, but depends upon various factors. If a country defaults, and it leads to hyper-inflation, by definition that means that money loses its purchasing power. In even simpler terms, it cannot buy as much tomorrow as I could today. Therefore people can be incented to either hoard physical goods, or other non-perishable items. Real-estate may well be such an item. If you are resident in the country, you have to live somewhere. It is possible that a landlord might try to raise rent beyond what your job is willing to pay. Of course, in a house, you might have a similar situation with utilities like electricity... Assuming some kind of re-stabilization of the economy and currency, even with several more zeros on the end, it is conceivable that the house would subsequently sell for an appropriately inflation adjusted amount, as other in-demand physical goods may. Lots of variables. Good Luck.


The main point to consider is that your payments toward your own home replace your rent. Any house or apartment you buy will have changes in value; the value is generally going slowly up, but there is a lot of noise, and you may be in a low phase at any time, and for a long time. So seeing it as an investment is not any better than buying share or funds, and it has a much worse liquidity (= you cannot as easily make it to cash when you want to), and not in parts either. However, if you buy for example a one-room apartment for 80000 with a 2% mortgage, and pay 2% interest = 1600 plus 1% principal = 800, for a total of 2400 per year = 200 per month, you are paying less than your current rent, plus you own it after 30 years. Even if it would be worth nothing after 30 years, you made a lot of money by paying half only every month, and it probably is not worthless. You need to be careful not to compare apples with oranges - if you buy a house for 200000 instead, your payments would be higher than your rent was, but you would be living in your house, not in a room. For most people, that is worth a lot. You need to put your own value to that; if you don't care to have a lot more space and freedom, the extra value is zero; if you like it, put a price to it. With current interest rates, it is probably a good idea for most people to buy a house that they can easily afford instead of paying rent. The usual rules should be considered - don't overstretch yourself, leave some security, etc. Generally, it is rather difficult to buy an affordable house instead of renting today and not saving a lot of money in the process, so I would say go for it.


"Played ""the balance transfer game"" once recently, just as a reference - Got a balance transfer offer for a sock drawer no-AF card. 2% up-front fee, 0% APR. Grace period was, by the time I acted on it, about 16 months. Used it to pay down an auto loan with an APR slightly higher than 2%, and brought my equity back to positive. Towards the end when I rolled over the auto loan, thanks to the positive equity I was offered a rate discount on the new loan. Essentially this was a piggyback loan on the original auto loan funded by credit card (via balance transfer). Saved some interest charges without having to refinance."


What you're looking for is the 'Transaction Report'. When you're looking at the report (it comes up empty), open the options and click on the first tab 'Accounts'. Here you can highlight multiple source accounts in the top pane, and filter by the Expense accounts that you are interested in the bottom pane. Here's an example that goes over the process (there are many examples online, I just included the first one that came up in a search).


Very unlikely to get 200k out of college, but not out of reach of as you gain experience and if you live in a high CoL area. 200k and higher is about right for all-in comp (base + bonus) as you reach IT management / specialty / sales roles. This is why talent is a concern across finance right now. Grads are going to tech instead of banks because the pay is about a wash but work environment is better. They're not wrong.


"Ryan's suggestion to index for your main strategy is dead on. Your risk is highest with one given stock, and decreases as you diversify. Yet, picking the stocks one at a time is an effort, when done right, it's time consuming. For what one can say about Jim ""mad money"" Cramer, his advice to spend an hour a month studying each stock you own, is pretty decent advice. Penny stocks are sub one dollar priced, typically small companies which in theory can grow to be large companies, but the available information tends to be tougher to get hold of. Options are a discussion for a different thread, I discussed the covered call strategy elsewhere and show that options are not necessarily high risk, it depends how they are used."


"The fed does charge interest. Like you said, they do give profits to the treasury each year, but not all of their profits are sent back. They also pay dividends to the banks that hold stock in the Fed (I think it is like 7%). But yeah, since the fed does pay the rest back to the Treasury any interest it pays is basically moot. >If you don't already know, this is the modern version of ""printing money"". This is the larger concern. If they are just buying bonds to implement monetary policy that is one thing. However, if they are financing the government debt because foreign investors are strapped for cash or don't want it, that is a bigger problem. I haven't been following closely enough to know if that is an issue here, but it seems treasury bills are in high demand at the moment so I don't think the fed is actually ""financing"" our budget, just keeping rates low (which does create problems but that's a different conversation)."


You could achieve the same result with a balance transfer with many institutions. Some institutions allow bank accounts to be used as the balance transfer destination (instead of another credit card). Balance transfers typically have much lower fees than cash advances, and also are typically more readily available during 0% interest promotional periods. After you receive cash in your checking account it is just as fungible and liquid as any other source of cash. Making the answer yes. One caveat being that your credit utilization will also spike, which has the effect of lowering your credit eligibility for the mortgage. But there is a delay of a month or two before that is reported to the credit bureaus, so the time delay mitigates that particular concern.


Suppose you're a European Company, selling say a software product to a US company. As much as you might want the US company to pay you in Euros they might insist (or you'll lose the contract) that you agree pricing in USD. The software is licensed on a yearly recurring amount, say 100K USD per year payable on the 1st January every year. In this example, you know that on the 1st Jan that 100K USD will arrive in your USD bank account. You will want to convert that to Euros and to remove uncertainty from your business you might take out an FX Forward today to remove your currency risk. If in the next 9 months the dollar strengthens against the Euro then notionally you'll have lost out by taking out the forward. Similarly, you've notionally gained if the USD weakens against the EURO. The forward gives you the certainty you need to plan your business.


I'm specifically talking about QE and printing excessive money to pay off government liabilities. But yeah true. It amazes me how stupid people are in general to not realize this is happening. This is literally the (biggest) reason wages in america are depressed. They're not 'depressed', their real value is tiny.


Part of the purpose of a tax haven is retaining more capital for reinvestment. Then you have more control over how, when and where you pay taxes. Once the capital has been retained in your haven you can strategically deploy it to other favorable locations on the globe. Should you ever want part of it to hit a personal account in the US you'd have a tax liability. But at this level you could just put your ownership of that account up as collateral on a loan and buy your boat that way instead.


I can't say specifically about charities to help Greece. If someone on here has specific knowledge, please chime in. The only shortcut I know to tell if a charity is legitimate is to consult one of the ratings/watchdog type groups that monitor charities. For example, for explicitly Christian charities, there's a group called the Evangelical Council for Financial Accountability. To be a member in good standing a charity has to meet a bunch of criteria, like having an independent board of directors, i.e. you can't start a charity, make yourself the president and your brother-in-law the vice president and you're not answerable to anyone else; their fund-raising and administrative costs can't be more than a certain percentage of total income, etc. There are similar groups with similar standards for more general charities. I'm not naming any of those groups because there's a potential catch: How reputable is the group that rates other people's reputations? And I don't want to recommend someone without knowing. Years ago I came across a news story about an organization that rated colleges, and that had given one particular college their top rating. But, the news story said, investigators found that that one college was the ONLY college they ever gave a rating to, and that their address was the same as the college's address. It turned out, of course, that the college was a scam. The other method is to take some time to investigate the charity. For starters, get a copy of their annual report or their newsletter. If they're total frauds, often they don't have an annual report or a newsletter. Of course a fraud could make up beautiful flyers describing all the wonderful work they do, with pictures of people they helped and detailed case histories, and it's all complete fiction. But that's more work than most con men go to. I've gotten lots of pleas for contributions from people who call on the phone or come to my door or send an email. If the message does not have a logo, a mailing address and phone number, reasonably coherent English, and a fair amount of text describing what they do, I don't give them anything. They COULD be a new start up that hasn't had time to prepare these things. They COULD believe that pretty flyers are a waste of money and they want to put all their resources into helping the needy. But more likely it's a scam that somebody through together in his basement. Of course the best thing is if you personally know people who are officers in the organization. (Well, assuming you personally know them AND you know that they are honest people. If you know the president and you know he's a sleazy con man, you might want to stay away from that group.) See if you can find information about the charity in the news or on-line. If they're being investigated for fraud by the Justice Department, you might want to avoid them. Etc. Maybe you've thought this through, but you also might want to think about exactly who in Greece you want to help, and what your philosophy of charity is. Do you want to help people who lost their jobs because of the economic problems there and who are now unemployed? Do you want to donate to the government to help them balance the budget? Do you want to help support an orphanage or a homeless shelter, or give money directly to needy people? Etc. And one piece of unsolicited advice: Unless you have millions to give -- and I'm assuming you don't as you said your first gift would be $50 -- I'd pick one or two charities and give regularly to them. I think you can do more good by giving $X per month to a single charity than to give to a different charity every month. You make more difference.


I like the aggregation a lot, but it seems like the site's purpose is designed for lead gen for those tools? Why are there not reviews or profiles of those tools on that site and instead just push their traffic to those platform's websites to download?


Everyone else seems to have focused (rightly so) on the negatives of credit cards (high interest rates) and why it is important to pay them off before interest starts accruing. Only Marin's answer briefly touched on rewards. To me, this is the real purpose of credit cards in today's age. Most good rewards cards can get you anywhere from 1-2% cash back on ALL purchases, and sometimes more on other categories. Again, assuming you can pay the balance in full each month, and you are good at budgeting money, using a credit card is an easy way to basically discount 1-2% of all of the spending you put on your card. AGAIN - this only works to your advantage if you pay off the credit card in full; using the above example of 20% interest, that's about 1.6% interest if the interest compounds monthly, which wipes out your return on rewards if you just go one month without paying off the balance.


A few things, OP. 1. Begging for expertise is self-limiting. Oh, and you want sources? Get bent. 2. I've worked with Dell, in a vendor-based arrangement for the better part of a decade, on everything from workstation to datacenter projects. My billing rate is $290/hour. IM me if you're interested. 3. Here are the buzzwords to drop for your class. 'Cloud-based infrastructure', 'IT as a commodity', 'Consumer-driven IT', 'Utility Computing', etc. 4. Read the news lately? Heard about any technology companies having problems.... maybe... something weather related?


Here's how this works in the United States. There's no law regarding your behavior in this matter and you haven't broken any laws. But your broker-dealer has a law that they must follow. It's documented here: The issue is if you buy stock before your sell has settled (before you've received cash) then you're creating money where before none existed (even though it is just for a day or two). The government fears that this excess will cause undue speculation in the security markets. The SEC calls this practice freeriding, because you're spending money you have not yet received. In summary: your broker is not allowed to loan money to an account than is not set-up for loans; it must be a margin account. People with margin account are able to day-trade because they have the ability to use margin (borrow money). Margin Accounts are subject to Pattern Daytrading Rules. The Rules are set forth by FINRA (The Financial Industry Reporting Authority) and are here:


The original owner of the shares can pledge their shares to be short, and they earn interest from lending their shares. The conditions of this arrangement are detailed in standard agreements all market participants sign with their broker, or clearinghouse, or with the exchange, or with the self regulatory agency. Stocks within the same class are identical, despite someone's sentiment to an old share certificate that their grandparents gave them, and as such can be sold and returned to the beneficial owner multiple times with no difference. That is how it is supposed to work anyway, as naked shorting involves selling fictional shares that have no beneficial owner. So there are market inefficiencies in this practice, but the agreements between market participants are sound and answers your question about how.


> Neither the businesses that aren't paying taxes or the working poor who aren't paying taxes are bringing in revenue for Texas. Because Texas also receives many low skilled labor and immigrants. Furthermore Texas has one of the lowest State Debt per Capita which is $1,513 #46 of all US states in 2011. Factor in the state debt and people in Texas are much less in debt than other states. http://www.uschamberfoundation.org/sites/default/files/legacy/foundation/u94/Debt-Per-Capita-(large)_0.png > Neither the businesses that aren't paying taxes or the working poor who aren't paying taxes are bringing in revenue for Texas. Texas is the #1 trading state, it has enough revenue and still one of the lowest State debt per Capita.($1,513 #46 of all states). **Texas has accounted for half of the net new jobs added to the U.S. economy, according to the lead story in this morning’s USA Today. That’s quite a record for one lone state. We’ll leave it to others for now to argue over how much credit Gov. Perry can claim.** **Another reason for its relatively strong job growth is a friendly business climate, including no state income tax and relatively light regulations. And for those who scapegoat trade for the nation’s persistently high unemployment rate, consider that Texas is the nation’s number one trading state**


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"Baseball cards don't pay dividends. But many profitable companies do just that, and those that don't could, some day. Profits & dividends is where your analogy falls apart. But let's take it further. Consider: If baseball cards could somehow yield a regular stream of income just for owning them, then there might be yet another group of people, call them the Daves. These Daves I know are the kind of people that would like to own baseball cards over the long term just for their income-producing capability. Daves would seek out the cards with the best chance of producing and growing a reliable income stream. They wouldn't necessarily care about being able to flip a card at an inflated price to a Bob, but they might take advantage of inflated prices once in a while. Heck, even some of the Steves would enjoy this income while they waited for the eventual capital gain made by selling to a Bob at a higher price. Plus, the Steves could also sell their cards to Daves, not just Bobs. Daves would be willing to pay more for a card based on its income stream: how reliable it is, how high it is, how fast it grows, and where it is relative to market interest rates. A card with a good income stream might even have more value to a Dave than to a Bob, because a Dave doesn't care as much about the popularity of the player. Addendum regarding your comment: I suppose I'm still struggling with the best way to present my question. I understand that companies differ in this aspect in that they produce value. But if stockholders cannot simply claim a percentage of a company's value equal to their share, then the fact that companies produce value seems irrelevant to the ""Bobs"". You're right – stockholders can't simply claim their percentage of a company's assets. Rather, shareholders vote in a board of directors. The board of directors can decide whether or not to issue dividends or buy back shares, each of which puts money back in your pocket. A board could even decide to dissolve the company and distribute the net assets (after paying debts and dissolution costs) to the shareholders – but this is seldom done because there's often more profit in remaining a going concern. I think perhaps what you are getting hung up on is the idea that a small shareholder can't command the company to give net assets in exchange for shares. Instead, generally speaking, a company runs somewhat like a democracy – but it's each share that gets a vote, not each shareholder. Since you can't redeem your shares back to the company on demand, there exists a secondary market – the stock market – where somebody else is willing to take over your investment based on what they perceive the value of your shares to be – and that market value is often different from the underlying ""book value"" per share."


"Sears could be saved with the right outside consultancy. A system can not ""see itself,"" therefore it can not fix itself. It will take an outside view and an impartial, critical analysis. It would take a decade maybe but could happen. A new style of management must take place. Eddie, are you listening?"


"Banks use the money for productive pursuits, earning returns in excess of what they will owe the fed in discount interest. If a bank could not yield a return greater than their interest due their lender (whether that lender is the fed or not) they probably wouldn't borrow in the first place. EDIT: I misunderstood the question. The federal reserve does not disseminate new money by making loans. They do so by issuing and trading in bonds. The US Treasury, for example, issues a bond. The Federal Reserve Bank buys this bond using money they ""printed"". So the same question applies.... where does the money come from to pay the interest on the bond? It comes from the perpetual issuance and trading in bonds at a growing rate. All the fed needs to do is to buy bonds at a rate faster than they collect interest."


The funny thing is, Walmart's prices aren't even that great. I guess if it is the only store in town, you have no choice, but I almost never buy any food at Walmart unless I need a 'convenience' item.


The benefit of a dividend reinvestment program is you, generally, don't pay transaction costs or commissions and you don't have to remember to do it. Whether or not you may be able to eek out a little more by managing this yourself is a crapshoot and the equivalent of timing the market. If you're so good at timing the market you shouldn't even be holding the stock, you should be buying and selling as the price fluctuates.


I buy all my casual shoes off the originals line. I also like options in the color of the shoes. Foot Locker will have max 5 color options, the adidas website has hundreds. No surprise that people are going right to the source.


There are multiple ways of determining the value of an inherited property. If you aren't planning on selling it, then the best way would be to have a real estate agent do a comp on the property (or multiple real estate agents).


A) The Credit Rating Agencies only look at the month-end totals that are on your credit card, as this is all they ever get from the issuing bank. So a higher usage frequency as described would not make any direct difference to your credit rating. B) The issuing bank will know if you use the credit with the higher frequency, but it probably has little effect on your limit. Typically, after two to three month, they reevaluate your credit limit, and it could go up considerably if you never overdrew (and at this time, it could indirectly positively affect your credit rating). You could consider calling the issuing bank after two month and try to explain the history a bit and get them to increase the limit, but that only makes sense if your credit score has recovered. Your business paperwork could go a long way to convince someone, if you do so well now. C) If your credit rating is still bad, you need to find out why. It should have normalized to a medium range with the bad historic issues dropped.


I am a firm believer in the idea of limiting debt as much as possible. I would not recommend borrowing money for anything other than a reasonably sized mortgage. As a result, my recommendations are going to be geared toward that goal. The top priorities for me, then, would be to make sure, first, that we don't have to go further into debt, and second, that we eliminate the debt that we already have as soon as possible. Here is how I would rate your list: A small emergency fund, perhaps $1000 USD, is going to ensure that, while you are funding other things, you don't end up so cash poor that, if something unexpected and urgent comes up, you are forced to add to your credit card debt. Make this small fund your top priority, and it shouldn't take much more than a month or two to do it. Getting out of debt is important, but if your employer hands out free money, you have to take it. It is just too good of a deal. Get rid of this debt as fast as possible. When you are done, you'll have more income available to you than you've ever had before. Now that you have just gotten done eliminating your debt as fast as possible, don't stop there. Take the income you had been throwing at your debt, and build up your emergency fund to a few months' worth of your expenses. Finishing this fund up will enable you to withstand a small crisis without borrowing anything. You are now in a very strong position financially, and can confidently invest. Deciding which type of retirement account is best for you depends on the details of your situation. Once you are contributing a healthy amount to your retirement funds, you may want to consider paying off your mortgage early. As I said before, I recommend getting down to the last step as quickly as possible. Depending on how much debt you actually have, if you sacrifice for a year or two you could be debt free and in a position to keep all of your investment gains. If you take your time paying off debt, like many people do, you could find yourself 10 years from now still making payments on your loans, still making car payments, and still needlessly sending interest to the banks, eating away at the gains you are making in your investments. If you aren't committed to eliminating your debt quickly, and plan on having payments for a long time, then skip this advice and put retirement savings at the top.


If you are calculating: keep in mind that company A probably also sells washers, dryers, stoves, dish washers.... Each of which has their own market size. Also remember that people pay X times the value of earnings per share, so the value depends not on sales but on earnings, and expected growth.


Looks like Cracked is taking money form the Hotel lobby which has been out to kill AirBnB for a long time. This is perfect example of a native advertisement concealed as hit piece. Cracked should be ashamed of themselves. Do you know how many dead bodies have been found in Hotel Rooms? Do you know how much crazy sh-- happens in hotel rooms? And you're going to fault AirBnB for a few cases that aren't their fault anyway? For ---- sake! AirBnB has made it possible for millions to travel the globe without having to pay expensive hotel rates. I love AirBnB. Use it all year round. F--- hotels, and ---- native ads disguised as hipster journalism.


"Check to see if you can do this at this point. When I was refinancing the mortgage on my last house, I put a sizable ""extra"" chunk down like you're planning to do, but the amount of the loan had already gone through the processing (for lack of a more specific term). My extra money went toward principal, but my payment was still the same as if I hadn't put any extra down. If you find out that it's too far along in the process, not to worry: extra emergency fund isn't a bad thing to have."


"A few practical thoughts: A practical thing that helps me immensely not to loose important paperwork (such as bank statements, bills, payroll statement, all those statements you need for filing tax return, ...) is: In addition to the folder (Aktenordner) where the statements ultimately need to go I use a Hängeregistratur. There are also standing instead of hanging varieties of the same idea (may be less expensive if you buy them new - I got most of mine used): you have easy-to-add-to folders where you can just throw in e.g. the bank statement when it arrives. This way I give the statement a preliminary scan for anything that is obviously grossly wrong and throw it into the respective folder (Hängetasche). Every once in a while I take care of all my book-keeping, punch the statements, file them in the Aktenordner and enter them into the software. I used to hate and never do the filing when I tried to use Aktenordner only. I recently learned that it is well known that Aktenordner and Schnellhefter are very time consuming if you have paperwork arriving one sheet at a time. I've tried different accounting software (being somewhat on the nerdy side, I use gnucash), including some phone apps. Personally, I didn't like the phone apps I tried - IMHO it takes too much time to enter things, so I tend to forget it. I'm much better at asking for a sales receipt (Kassenzettel) everywhere and sticking them into a calendar at home (I also note cash payments for which I don't have a receipt as far as I recall them - the forgotten ones = difference ends up in category ""hobby"" as they are mostly the beer or coke after sports). I was also to impatient for the cloud/online solutions I tried (I use one for business, as there the archiving is guaranteed to be according to the legal requirements - but it really takes far more time than entering the records in gnucash)."


I am sure everyone is different, but it has helped me a great deal. I have had several card balances go up and the interest on those per month was more than $200 in just interest combined. I transferred the balances over to 0% for 15 months – with a fee, so the upfront cost was about $300. However, over the next 15 months at 0% I'm saving over $200 each month. Now I have the money to pay everything off at 14 months. I will not be paying any interest after that, and I cut up all of my cards so I won't rack up the bills with interest on them anymore. Now, if I can't buy it with a debit card or cash, I don't get it. My cards went up so high after remodeling a home so they were justified. It wasn't because I didn't pay attention to what I could afford. My brother, on the other hand, has trouble using credit cards properly and this doesn't work for him.


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There were quite a few pre reqs before I could even take my first finance course. Because the first finance course included statistics and accounting. So you’d have a little bit of time to make a decision(at least at my university)


In international transfers there are quite a few charges that come into picture. 1. Your Bank's charges, you mentioned its GBP 20. 2. The Fx conversion margin. So your GBP 317.90 became 500 AUD 3. The Charges of St. George's. Normally it is recovered from Beneficiary. Typically it would show up as 2 entries, one credit for AUD 500 and second a debit. Typically in the range of AUD 10 to 25. However incaes of return, St George will deduct 2 charges from AUD 500; - The Original Charges for transfer that it would have recovered from Beneficiary. - Additional Return charges, again in the range of AUD 10 to 20. Thus the amount they would have sent back to your Bank would be less than AUD 500. Your Bank would have converted and possibly again charged you a return fee. Since these are cross border payments there is no regulation and Bank are free to charge as they please and at time do charge excess. What you can do is disptue with the Bank on the points that; - The Beneficiary account was not closed, and its a deficiency of service. - Request for an itemized statement as to what was the amount returned by St George.


"While @JB's ""yes"" is correct, a few more points to consider: There is no tax penalty for withdrawing any time from a taxable investment, that is, one not using specific tax protections like 401k/IRA or ESA or HSA. But you do pay tax on any income or gain distributions you receive from a taxable investment in a fund (except interest on tax-exempt aka ""municipal"" bonds), and any net capital gains you realize when selling (or technically redeeming for non-ETF funds). Just like you do for dividends and interest and gains on non-fund taxable investments. Many funds have a sales charge or ""load"" which means you will very likely lose money if you sell quickly typically within at least several months and usually a year or more, and even some no-load funds, to discourage rapid trading that makes their management more difficult (and costly), have a ""contingent sales charge"" if you sell after less than a stated period like 3 months or 6 months. For funds that largely or entirely invest in equities or longer term bonds, the share value/price is practically certain to fluctuate up and down, and if you sell during a ""down"" period you will lose money; if ""liquid"" means you want to take out money anytime without waiting for the market to move, you might want funds focussing on short-term bonds, especially government bonds, and ""money market"" funds which hold only very short bonds (usually duration under 90 days), which have much more stable prices (but lower returns over the longer term)."


foreign income, transfer it to my savings account in India Yes you can transfer to India. The right account would be NRO/NRE. As an NRI one should not hold a regular savings account. forum that foreign income is not taxable unless used to buy stocks, fds etc If you are an NRI, income earned outside of India is not taxable in India. However any income you generate in India is taxable, i.e. interest income, gains from shares etc. Do we need to pay taxes for the money transferred No tax if you are an NRI even if you transfer funds to India. Taxation does not depend on whether or not you transfer the money, it depends on your status used to pay home EMIs or principle amount? You can use the money for what ever you like.


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Buying capital assets doesn't immediatley reduce a company's profits. They can get allowances for it but the assets are written down over a number of years Edit: two comments below mine were deleted which fairly called me out for amazon's high capital investment policy to which I reaponded: Fine I've had a few drinks. All I meant was capital doesn't directly reduce profits in most instances. Large investments like amazon would. You are right. But for Joe bloggs limited it doesn't. I had in mind the accountant the movie where one line Affleck says confuses capital and revenue and it stuck with me that a lot of people thought this. Didn't mean to have a go.


Taxes Yes. You haven't indicated why the transfer is being made. If it is without any reason, it would attract a Gift Tax. legal liability It would definitely be investigated to see if Money Laundering or any other illegal activities is happening. If things are in order you have nothing to worry. charges Normally none. Your Bank can confirm better. friend of mine Are you sure he is a friend and this is not some kind of scam ... it typically starts of with you will get huge money and then calls like its stuck with RBI you need to paysome one to fast track or any such stories to get money out of you.


"(I'm assuming USA tax code as this is untagged) As the comments above suggest there is no ""right"" answer or easy formula. The main issue is that you likely got into business to make money and if you make money consistently you will pay taxes. Reinvesting generally should be a business decision where the main concern is revenue growth and taxes are an important but secondary concern. Taxes can be complicated, but for a small LLC shouldn't be that bad. I highly recommend that you take some time closely analyze your business and personal taxes for the previous year. Once you understand the problem better, you can optimize around it. If it is a big concern, some companies buy software so they can estimate their taxes periodically through the year and make better decisions."


I like C. Ross and MrChrister's advice to not be heavily weighted in one stock over the long run, especially the stock of your employer. I'll add this: One thing you really ought to find out – and this is where your tax advisor is likely able to help – is whether your company's stock options plan use qualified incentive stock options (ISO) or non-qualified stock options (NQO or NSO). See Wikipedia - Incentive stock option for details. From my understanding, only if your plan is a qualified (or statutory) ISO and you hold the shares for at least 1 year of the date of exercise and 2 years from the date of the option grant could your gain be considered a long-term capital gain. As opposed to: if your options are non-qualified, then your gain may be considered ordinary income no matter how long you wait – in which case there's no tax benefit to waiting to cash out. In terms of hedging the risk if you do choose to hold long, here are some ideas: Sell just enough stock at exercise (i.e. taking some tax hit up front) to at least recover your principal, so your original money is no longer at risk, or If your company has publicly listed options – which is unlikely, if they are very small – then you could purchase put options to insure against losses in your stock. Try a symbol lookup at the CBOE. Note: Hedging with put options is an advanced strategy and I suggest you learn more and seek advice from a pro if you want to consider this route. You'll also need to find out if there are restrictions on trading your employer's public stock or options – many companies have restrictions or black-out periods on employee trading, especially for people who have inside knowledge.


Insurance rates are about assessing risk. If the insurer has no way to reliably and easily assess usage, they will not reduce the premiums. Many companies are providing tracking devices that connect to the OBD-II port. This not only tracks actual miles driven, but can typically track aggressive driving, time of day, length of trips, and other information. Unless you are using this kind of device to give the insurer actionable feedback on your driving habits, do not expect any discounts for mileage or usage.


In the majority of markets without the population density to support hailed cabs, you call the company for a ride (more commonly known as limo service). There's really no difference between that and using an app. I've never liked the differentiation between hailing and calling for a cab.


Ask your accountant about convertable preference shares. This would permit you to loan money to your company and then convert the debt to equity, should you so choose, at a later stage. As with the answer by bstpierre, these are all contractual arrangements conducted at arms-length.


I had a joint account at Chase, and each of us had own on-line login, and could access the account (each of us also had non-joint accounts in Chase, and with the same login we already had we could access the joint accounts, but not the other's non-joint accounts). It seems like your bank is really backwards on this, change the bank. By the way, in joint accounts you have the option of requiring both partners to sign on every document, so that every check or order you write will only be valid with both of your signatures. I don't know if that's what you need, but some may want that (it is quite uncomfortable, IMHO).


Remember, the card company gets a percentage at the time of purchase, as well as any interest you let them collect from you. Yes, they're still making a profit on our accounts, and they can always hope that at some point we'll run up a high enough bill to be willing to pay some interest. They may kill completely inactive cards, since they need a bit of income to pay for processing the account. But if you're actively using it, they aren't very likely to tell you to go away (though they may change which plan(s) they offer you).