"In other amazing news, people don't pay attention to things they don't care about. Want to make sure people pay attention during meetings? Ensure the people in attendance actually have a good reason to care about the subject matter, have a say in it, and then keep it focused and short. Most meetings don't follow these guidelines, and far too many of them are largely just chances for a few people to herd a lot of people into a room so they can feel self-important while talking. When planning a meeting, first ask yourself if you couldn't simply write an email or publish a document that covers the same material. If the answer is no, then ask yourself who _really_ needs to be in the meeting to give input, and who can be given a summary & chance to ask a few questions after the fact and do just as well as if they'd attended. I can't count the number of ""important"" mandatory meetings I've taken part in where my biggest contribution was simply checking in in the first place. Without fail, every one of them could've been handled without me there, summarized in a brief email, and would have left dozens of man-hours of labor unwasted."


"You know there is a heading in big bold text that says ""My budding product empire"" that conveniently links to actual products that make money for said author. I think you have a problem with the whole way the author markets herself, but I obviously it works. edit: Also I don't feel like it's bragging, it's more like sharing the wealth. You get examples of how to make and sell your own products from someone who makes and sells her own products successfully. What is so bad about that?"


All banks allow online banking. HSBC is reputed the most international traditional one. That said, opening a bank account in a 100% online bank would get you to near 0 cost, and is probably the preferred option. Every online bank is very similar to each other, so I won't make any recommandation here. Exemples are ing-direct, boursorama, Fortuneo. I'm afraid none offer english service, and it might be difficult to get in line with a decent english speaker. All theses banks will likely offer a gold/premier mastercard/visa, so travelling will not be an issue. The fees should be <2% for foreign currencies (it vary slightly), and <3€ if you use the ATM in none euro ones.


"Let's summarize your relative's problem: How is this possible? If both of those statements are true, then he should be able to explain exactly why those statements are true, and then you can explain it to us, and then we can all nod our heads and admit, ""Wow, that makes sense. Proceed if you want to."" But until that happens I suggest you take the advice I offered in the first paragraph of this answer."


Typically the debt is held by individuals, corporations and investment funds, not by other countries. In cases where substantial amounts are held by other countries, those countries are typically not in debt themselves (e.g. China has huge holdings of US Treasuries). If the debts were all cancelled, then the holders of the debt (as listed above) would lose out badly and the knock-on effects on the economy would be substantial. Also, governments that default tend to find it harder to borrow money again in the future.


"There are raters of stock and bond funds of which Morningstar's is the best. Standard and Poor's and Value line offer reports that aren't quite as good. If you are able to read and understand these reports yourself, you don't need a professional. Such help is necessary for people who are ""rank beginners"" in investments."


At one time or another time, most people need to send money to a family, friend and some else. Now this type of transaction is very easy through online. In online most of the people using Etawakal online money transfer it is a very fast,safe and reliable http://tawakalexpress.net/Etawakal.aspx


It seems also on some international markets this is allowed. http://www.businessinsider.com/li-hejun-shorting-hanergy-2015-5


The Democrats are bloody fools who can't count The Dreamer will be in play after six months, if they don't make a deal in 3 months, he will fuck the debt ceiling after 3 months. No need to congratulate this bunch of morons who lost an election to the biggest bloody moron that America could produce.


As much as you want, and are otherwise comfortable with. No matter where you go or what you do, I doubt you would miss the money more than the experience. Money is just money and you can always get some more, but you can't get more time. That's my rule of thumb.


Perhaps you shouldn't have come out calling me names and being rude. I think your addiction problems have more to do with your attitude than your pain. Go see a therapist. You obviously have anger management issues. I'm thinking an addiction to mood stabilizers might be in order.


">And, a broadcast company with several channels, don't forget that part that makes you totally wrong. I am not forgetting anything. You don't seem to get a broadcasting is media and part of media. Like I said they are a media company. No different from saying Time Warner is a media company or Disney. >Buzzfeed's scoops are about stars dating each other, political stories, etc. Vice does pieces on buying nukes on the black market, the inside tour of North Korea (you know that claim that they have the same fat kid and fake grocery stores full of fake food? Have you actually visited their website? It has such stories such as ""Turns Out It's Totally Cool to Have a 20-Pound Lobster in Your Suitcase"" and ""The Mothers Haunted by Their Sons' Unsolved Murders"" as well as ""D.R.A.M. Opens Up About Being a 'Big Baby' on 'THE THERAPIST'"" and ""New Yorkers Love Pride, Hate Trump"". Really no different from Buzzfeed except Vice doesn't do the whole list thing. >Do you not understand that your derivative argument is faulty? Nope, as it is not faulty. You can claim it is all you want, but until you prove its faulty its not. And you yet to prove its actually faulty. >You are judging the quality of a story by your negative opinion of the producer and publisher's reputation: that's subjectivity. One I told you I read the article and it was crap, you even agreed with me it was crap. Two media companies do screen what content is on their platform. Meaning if they are smart they check for the quality of content as well. Thirdly didn't I tell you like 3 times now to stop making leaping assumptions and bullshit claims? Yet you continue to do so. And for someone claiming to have good analytic skills you certainly fall short in them."


LEGEAR Australia is also known by the government as the “One Source – Total Solution Provider” and has established a solid, strong, lasting and trusting relationship with its different agencies including; Australian Federal Police, State Police Forces, Australian Defense Force, Customs, Corrections, Emergency Services and SES, AUSAID and Emergency Management Australia through the years.


You do know that a 42-U.S. gallon barrel of crude oil provides about 45 (not a typo) gallons of petroleum products. One barrel of crude oil, when refined, produces about 19 gallons of finished motor gasoline, and 10 gallons of diesel, as well as other petroleum products. Most petroleum products are used to produce energy. So not all of it is reflected in pump prices.


"In US public stock markets there is no difference between the actions individual retail traders are ""permitted"" to take and the actions institutional/corporate traders are ""permitted"" to take. The only difference is the cost of those actions. For example, if you become a Registered Market Maker on, say, the BATS stock exchange, you'll get some amazing rebates and reduced transaction prices; however, in order to qualify for Registered Market Maker status you have to maintain constant orders in the book for hundreds of equities at significant volumes. An individual retail trader is certainly permitted to do that, but it's probably too expensive. Algorithmic trading is not the same as automated trading (algorithmic trading can be non-automated, and automated trading can be non-algorithmic), and both can be anywhere from low- to high-frequency. A low-frequency automated strategy is essentially indistinguishable from a person clicking their mouse several times per day, so: no, from a legal or regulatory perspective there is no special procedure an individual retail trader has to follow before s/he can automate a trading strategy. (Your broker, on the other hand, may have all sorts of hoops for you to jump through in order to use their automation platform.) Last (but certainly not least) you will almost certainly lose money hand over fist attempting bid-ask scalping as an individual retail trader, whether your approach is algorithmic or not, automated or not. Why? Because the only way to succeed at bid-ask scalping is to (a) always be at/near the front of the queue when a price change occurs in your favor, and (b) always cancel your resting orders before they are executed when a price change occurs against you. Unless your algorithms are smarter than every other algorithm in the industry, an individual retail trader operating through a broker's trading platform cannot react quickly enough to succeed at either of those. You would have to eschew the broker and buy direct market access to even have a chance, and that's the point at which you're no longer a retail trader. Good luck!"


I keep one card just for monthly bills (power company,car loan, etc.). This one is unlikely to get hacked so I won't have to go change the credit card information on my monthly bills. I pay the credit card from my bank account. I just don't want a lot of businesses with direct access to my bank account.


Yet the underlying truth is the same. Bid fixing. We know it was done on a wide scale and we know it illegal. It doesn't matter what you think of the author you can verify that yourself and the court agreed. You can make all the excuse you want but if all you want to do is quibble about why he shot out one number for the total bond market instead of muni bonds from 2007-2008 (actually one of the least relevant points to the story no matter which number you use) then you're missing the forest for the trees or your going out of your way to excuse widespread illegal business activity. Bid fixing is bid fixing. That it only impacted the smaller mini bond market isn't something that negates the larger story here.


It's funny how the american airlines have degraded into what you would call a low-cost airline in Europe, minus the ridiculously cheap fare prices that is. I hope the main airlines here in Europe don't follow suit with all those extra costs.


Just create him a regular PayPal account, then so to the Pay Pal prepaid card page, https://www.paypal-prepaid.com, order a card an attach it to his personal paypal account. Unlike student account, you have to do 2 transfers, one into his paypal account, and then to the prepaid card. That is an answer! Unlike those of use with teenagers under 18 who now have their student accounts jacked from them and there really isn't a good option. Not happy with PayPal right now.I am sure there is a government bureaucrat somewhere behind this decision.


This is the correct advice. If you aren't part of their recruiting network, AKA alum of a school they go to, you're odds are going to be very low. The only other path would be if you are basically top 5% of your profession skill wise. Normally this would mean an advanced degree, lots of work experience, etc. If you don't have an MBA with a finance focus, it seems unlikely to me that they would hire you for any finance related consulting. But computer engineering consulting seems reasonable. Based on the brief info you have given, I would say you need to figure out what they want, and then take the steps to accumulate those skills.


There are numerous reasons that go beyond the immediate requirement for access to credit. Many people just plain don't like carrying cash. Before electronic debit cards became mainstream about the only way to pay for online services was with a credit card. This has now changed just about everywhere except a large number of airlines which still only sell online tickets via a credit card payment. And then there are all those countries where governments (and some banks) have decided to charge merchants more when customers use debit cards. If you don't like carrying cash then you may find that the only card you can use is a credit card. These concerns are gradually disappearing and at some stage someone is likely to offer a combined debit-credit card. At which point you'll probably get credit whether you like it or not.


Finish off the student loans. If your absolute goal is saving as much as you possibly can for retirement, then you of course will be best off by maxing your IRA contribution every year. However, student loans are just another thing hanging over you, and nothing feels better than getting rid of a large debt. Pay them off, take yourself out to a nice dinner to celebrate, and tuck away what you have left over in your IRA. Paying off student loans is a great accomplishment - celebrate it! The difference long-term will be negligible.


"Your companies are declining to lower your rates because you are describing it as being kind. When I was in a similar situation, I called each one, starting with the highest rate, and said this: For the last little while things have been tight and my balances have crept up on all my cards. Now I'm about to start a fairly dramatic paydown. I'm going to be doing highest-rate fastest, which is you. Are you able to lower my rate so that you can continue to collect it? Some said no. Some said ""ask again when you've paid more than the minimum three months in a row."" Most said yes, and sometimes by a dramatic amount. It made a real difference to getting things under control. I agree with the other answers that $50 extra on each card is just not as fulfilling as putting all the extra to a single card. If you must still use a card (to put gas in your car, buy groceries etc) getting one card to zero will return you to not paying interest even when you use it, so you might want to start with your lowest balance and then go to highest-rate once you have one clear one you can use. (If your balances are all so high that it will take a year or more to get one to zero, then maybe not. But if one is low drive it down first.) As for the consolidation loan, for some people it's the key to saving interest and getting the debt behind them. For others it's a chance to catch their breath and run up even more debt. Most people cannot predict in advance which they will be or which others will be. Be aware that it is a risk. You can vow that you will never again cover payroll with a cash advance from the company credit card (or your personal one) but when push comes to shove, you just might anyway."


"I recently received a wire of more than $150K into one of my accounts. (Both sender and receiver accounts are US banking institutions.) My bank never contacted me to ask any questions. However, on my statement I noticed a charge called ""Analysis Service Charge"". I called the bank to ask them about this charge and was informed it was due to internal analysis for the wire transfer. They did this behind the scenes without needing to contact me. I can only assume that their ""analysis"" did not turn up anything suspicious, and if it had, perhaps they would have contacted me. I wouldn't worry about it even if you do receive a phone call and they ask a few questions. I'd advise to be completely honest; if you aren't doing anything wrong, you shouldn't have anything to worry about. Most likely they'd be calling you just to make sure you actually know about it and were expecting the money."


The suggestion may be very delayed, have you personally gone to the Experian Office with all the documentation (in xerox copy and in original)? If not, please do so, there is always a difference between dealing with govt/semi-govt institutions over electronic channels and in person.


"Hard to measure the overall effect. Women could only go into the workforce because of the increased mechanization of house work, birth control, etc. In addition, housework was never recorded as a part of GDP. McDonalds making food is ""better"" for GDP than me cooking food, which is fairly dubious."


Lots of long answers. The short answer is that speculation and growing confidence in the currency have increased demand. Supply and demand tells us that the price will increase until holders of the product are willing to sell, or until the buyers are no longer willing to buy. My personal opinion is that we're seeing a bubble in action. But have we passed the point where the market will stabilize after a correction? Far too soon to say. If I knew I wouldn't say and I wouldn't be slaving at a 9 to 5 job.


I don't know about the liquidation. The capital doesn't evaporate, its source just becomes the corporation itself. The corporation becomes the sole shareholder and acts at the behest of the board. The board then decides both board matters and shareholder matters. Once I talked that through, I realized no one would do this. If the board is in complete control, why clump the ownership together. The directors would be better served by clearly delineating their ownership interests by purchasing shares directly.


"Ugh. Follow the money trail. Who stands to make $$$ off of the fake climate crisis? It's the same group that are lying 24/7 on all news outlets, using MSM NSA/CIA to influence elections- remember Wikileaks verified the NSA/Deep State has the capability to hack and leave a ""Russian footprint."" Which it's what's happening now. I'm not sure who the hell bilderbergs are but most seem to be Anglo, as does grovers. Somebody is pulling all the strings for a world government and it won't be long before our sovereignty (USA) is history. Russia is moot. A distant 4th to USA, Britain, Israel The Deep State rules the world out of America."


> If someone dies and they find THC in their system, pot heads band together and say well he was a reckless driver so weed had nothing to do with it. That's due to the fact that THC stays in your system for 6 weeks, it doesn't necessarily imply impairment.


Currency exchange is rather the norm than the exception in international wire transfers, so the fact that the amount needs to be exchanged should have no impact at all. The processing time depends on the number of participating banks and their speeds. Typically, between Europe and the US, one or two business days are the norm. Sending from Other countries might involve more steps (banks) which each takes a bit of time. However, anything beyond 5 business days is not normal. Consider if there are external delays - how did you initiate the sending? Was it in person with an agent of the bank, who might have put it on a stack, and they type it in only a day later (or worse)? Or was it online, so it is in the system right away? On the receiver side, how did you/your friend check? Could there be a delay by waiting for an account statement? Finally, and that is the most common reason, were all the numbers, names, and codes absolutely correct? Even a small mismatch in name spelling might trigger the receiving bank to not allocate the money into the account. Either way, if you contact the sender bank, you will be able to make them follow up on it. They must be able to trace where they money went, and where it currently is. If it is stuck, they will be able to get it ‘unstuck’.


I work for a Big4 and there are no shared audit and consulting clients. We go through pretty extreme independence controls to make sure we don't even have personal relationships with clients. I know people who had to refinance their house because the mortgage company became an audit or consulting client. It's a common misconception that big4s audit and provide consulting services to the same firm, but this is not true.


It all depends on the trust level you have in them handling it correctly. If they never deposit it, it doesn't matter what happens to the check, they could frame it and hang it on the wall. The risk is that someone someday deposits it (incorrectly double-charging you), and you need to do what think is appropriate to avoid this risk. If your trust in them is too small, only sending it back to you makes sure that you physically control the check.


Hi, are you a business lawyer and do you happen to know the answer? I tried asking someone at a Small Business Center but I think he started getting annoyed at all my questions and starting becoming curt so I stopped asking even though I still wasn't clear on all the answers yet.


The Motley Fool article is correct that if you earn UBTI over $1000, you will need to pay the tax, even if held in an IRA. C-corps won't generate UBTI, so you're fine with those. For non-C-corps, the most common are REITs, MLPs, and BDCs. REITs These typically invest in either real estate property or mortgages. The ones that invest in mortgages are sometimes notated: mREITs, and can occasionally generate UBTI. Tip: Don't let this stop you from investing in REITs in your IRA. REITs can be a great source of income and are best held in an IRA since the income will be tax free vs. your ordinary income tax bracket if held in a taxable account. Some examples of mREITs would be NLY, CIM, AGNC. Some property REITs would be: O, SNR, OHI, EQR. https://seekingalpha.com/article/1257351-tax-bomb-mortgage-reits-triggering-ubit MLPs Master Limited Partnerships are also pass-through entities, like REITs, but have the additional complication that most issue K-1 forms at tax time. K-1s can be very complex when the MLP owns assets across state boundaries, which is why I actually PREFER to hold MLPs in my IRA (against the advice of M. Fool) since I won't have to deal with the tax complications of filing the K-1, just as long as my MLPs don't generate over $1000 of UBTI. https://seekingalpha.com/article/4057891-mlps-kminus-1s-ubti-oh BDCs Business Development Companies like REITs and MLPs are also pass-through entities in that the income they give you will be taxed at your ordinary income bracket if held in a taxable account. Examples of BDCs include: MAIN, MCC, ARCC. You'd need to consult their 10-K to determine if there is a risk of UBTI. Tip: MLPs, BDCs, and especially REITs can all be very valuable sources of income and from my experience, UBTI is rare so don't let that scare you away if you otherwise like the investment.


"Black-Scholes! I work as LP in private market and every time I email some IR asking how some of their obscure convertible bond valuation is determined in their quarterly report, they just reply ""based on black-scholes model"" and all I can reply is ""thanks"". I never understand how that really works! Is there anyway you can go through a example, demonstrate how to calculate a simple investment instrument valuation using that model with me? Thanks a million!"


> I occasionally drive through a rough part of town and see the dumbest people just walking in the street. There is a sidewalk, but let's walk in the busy road instead. They get used to walking in the street because of the poor conditions of the sidewalk. Debris, broken-glass, overgrown. While it is an extreme example, [this is a sidewalk I was trying to clear two weeks ago](http://i.imgur.com/KH2GuoG.jpg) in an urban area.


> So your point is, because capitalism was the system used during this this last tech boom, it should be worshipped and never questioned? Of course not. Everything should be questioned. Capitalism has helped poor people's quality of life for a lot longer than the recent tech boom. > If the drastic wealth inequality, which breeds situations like this, doesn't concern you, we have to agree to disagree. This situation is definitely concerning. I feel really bad for the kids. I don't agree that capitalism is what caused it. Capitalism is the reason she isn't eating stray cats or [her kids](http://www.dailymail.co.uk/news/article-4076244/Distressing-photos-1920s-Russian-famine-turned-hopeless-peasants-cannibals-five-million-people-starved-death.html). I think [this man](https://www.youtube.com/watch?v=RWsx1X8PV_A) talks about wealth inequality more eloquently than I can.


The media is not reporting this story correctly. The way Amazon will likely monetize this patent is by *preventing* brick and mortar stores from limiting your ability to comparison shop. The reason? Amazon is the primary beneficiary when shoppers check for prices in real time. Sure, maybe Amazon will also use it to prevent comparison shopping in Whole Foods, but I really doubt that is the primary way Amazon intends to monetize the patent. If you're in Whole Foods, you probably aren't interested in going to Safeway, even though you already know it is cheaper.


I just thought of some of the financial crisis/events of particular significance, and then also just thought of the world over the next ten years. I shouldn't have included the Cuban missile crisis... idk how that slipped in there. It wasn't a well researched comment by any means.


"Great, it's the old ""no true capitalist"" argument. It's hilarious how you keep seeing this, yet when you see the exact opposite version of the same argument, namely that all communist countries have been authoritarian nightmares and that this does not necessarily reflect the true ideology of communism, then suddenly you're a commie bastard. If we agree that there are no state bailouts in ""pure"" capitalism, then please never again in your life disregard this argument when you hear it from a socialist."


Small companies could have growth prospects. Large companies may not have that many. So look at ROE of companies by quatile to determine which companies have better growth.


I implemented this in MatLab about 10 years back. You just calculate your conditional variance of the required assets (x_i), use matrix multiplication on the correlation matrix (rho_i_j) from the same asset (this could be a point of research but unless you are using extreme conditions on the VaR it makes little difference) then apply a standard Markiowitz optimisation approach. You can then just use simple Sharpe ratio (marginal return over conditional risk) at every point on the efficient frontier. Then choose the maximum Sharpe ratio point.


"First of all, not all brokers allow trading during pre-market and post-market. Some brokers only allow trading during the regular hours (9:30am - 4pm ET). Second of all, while you can place orders using limit orders and market orders during regular trading hours, you can only use limit orders during pre-market and post-market. This is because the liquidity is much lower during pre-market and post-market, and using market orders could result in some trades filling at horrible prices. So brokers don't allow using market orders outside of regular trading hours. Third, some brokers require you to specify that you want your order to be executed during pre-market or post-market. For example, my broker allows me to specify either ""Day"" or ""Ext"" for my orders. ""Day"" means I want my order to execute only during regular trading hours, and ""Ext"" means I want my order to execute at any time - pre-market, regular trading hours, or post-market. Finally, if your broker allows pre/post market trading, and you place a limit order while specifying ""Ext"", then your trade can happen in real-time during pre-market or post-market. Per your example, if a stock is trading at $5 at 8am, and you put in a limit order (while specifying ""Ext"") to buy it at $5 at 8am, then your order will execute at that time and you will buy that stock at 8am."


San Francisco needs to have the rental rate bubble pop, and it would if Bart were operating 24hrs even at 20 or 30min intervals between SF's bart stops and the stops within Oakland. It would take a lot of pressure off of SF's real estate since right now you either live in the city or pay a shit ton on transit fees on cabs/lyft/uber whenever public transit shuts down.


To get more exposure, you should record a video of you demonstrating the product. You can even create a user's guide to help out people who own the product, and to show the possibilities to potential customers. Post this video on your own website and on popular video hosting sites as well. Do not forget to tag your video with the right key words.


"the way they explain it is this: say you contribute 1 million each month from july 2010 to june 2011, they wait for the 12 million at the end of the year and ""start to invest"" it at the start of the next financial year (july 2011 to june 2012). so after june 2012, they'll get the profit, subtract admin costs and all, then announce the balance as interest. the interest announced applies to the whole 12 million from 2010-11. i guess the excuse here is that since they announce interest per financial year, they wouldn't have enough time to properly invest money collected towards the end months of apr, may and june, if they were to announce interest in the following july.. so they'd need another year to properly do the investing for that money collected. how else would you handle giving interest for money collected in june? i can see their point but i just feel like there's something off there."


Coming up with the best fashion styles for you can be very difficult. Make this task a lot easier by hiring personal stylist Marika Page. By using her experience in styling celebrities like Connie Talbot and Jaimie Alexander, she can easily come up with the best combination of clothes and accessories for you. What are you waiting for? Receive expert help today from Marika Page! Visit www.marikapage.com to learn more.


"There are two issues here: arithmetic and psychology. Scenario 1: You are presently paying an extra $500 per month on your student loan, above the minimum payments. Your credit card company offers a $4000 cash advance at 0% for 8 months. So you take the cash advance, pay it toward the student loan, and then instead of paying the extra $500 per month toward the student loan you use that $500 for 8 months to repay the cash advance. Net result: You pay 0% interest on the loan, and save roughly 8 months times $4000 times the interest on the student loan divided by two. (I say ""divided by two"" because it's not the difference between $4000 and zero, but between $4000 and the $500 you would have been paying off each month.) Clearly you are better off. If you are NOT presently paying an extra $500 on the student loan -- or even if you are but it is a struggle to come up with the money -- then the question becomes, can you reasonably expect to be able to pay off the credit card before the grace period runs out? Interest rates on credit cards are normally much higher than interest rates on student loans. If you get the cash advance and then can't repay it, after 8 months you are paying a very steep interest rate, and anything you saved on the student loan will quickly be lost. What I mean by ""psychological"" is that you have to have the discipline to really repay the credit card within the grace period. If you're not very confidant that you can do that, this plan could go bad very quickly. Personally, I've thought about doing things like this many times -- cash advances against credit cards, home equity loans, etc, all give low-interest money that could be used to pay off a higher-interest debt. But it's easy to get into trouble doing things like this. It's easy to say to yourself, Well, I don't need to put ALL the money toward that other debt, I could keep a thousand or so to buy that big screen TV I really need. Or to fail to pay back the low-interest loan on schedule because other things keep coming up that you spend your money on instead, whether frivolous luxuries or true emergencies. And there's always the possibility that something will happen to mess up your finances, from a big car repair bill to losing your job. You don't want to paint yourself into a corner. Finally, maxing out your credit cards hurts your credit rating. The formulas are secret, but I understand that if you use more than half your available credit, that's a minus. How much it hurts you depends on lots of factors."


This has been going on forever. Hardened battlefield laptops were made by a small startup; I saw a demo of a realtime digital chart that was created by a bunch of guys in an office park (I think that got bought by one of the big contractors) And I'll wager there are a thousand startups creating military solutions with Raspberry Pi (both ultraportable and massive scaling)


"The Tax Court ruling Todd mentioned was that you can only do one roll-over in a 12-months period. I.e.: if you have already done a roll over (even if it is between different accounts) - you cannot do it again between any of your IRA accounts for 12 months. So for the ""60-days loan"" trick to work you must ensure that: You haven't done a roll-over within the last 12 months; and You're not going to do a roll-over within the next 12 months. Note, that the Tax Court took into the consideration that the IRS pub. 590 was explicitly saying that you can do multiple roll-overs as long as different accounts are involved. The Court ruled, that the IRS instructions are NOT a legal authority. I.e.: the IRS can write in the instructions whatever they want, but if it contradicts the law (as it did in this case) - the law always prevails. This is only for indirect rollovers (where you actually get the money and then re-deposit it within 60 days), trustee to trustee rollovers are not limited. This limitation is codified in 26 U.S. Code § 408(d)3(B)."


Yes. You got it right. If BBY has issues and drops to say, $20, as the put buyer, I force you to take my 100 shares for $2800, but they are worth $2000, and you lost $800 for the sake of making $28. The truth is, the commissions also wipe out the motive for trades like yours, even a $5 cost is $10 out of the $28 you are trying to pocket. You may 'win' 10 of these trades in a row, then one bad one wipes you out.


"withdraw in cash - bank reports it to IRS no matter what. Would this affect my tax filing in the coming year? No, and no. The bank doesn't report to the IRS. In the US - the bank will probably report to FinCEN. It has nothing to do with your tax return. withdraw in check - bank does not seem to report it. Is this correct? Doesn't have to. Still might, if they think it is a suspicious/irregular activity. wire-transfer to another person's account - would this always be slapped with a ""gift tax""? If this is a gift it would. Regardless of how you transfer the money. Is it? Answers to your follow up questions: In the US, what documents do we need to prepare in case our large sum withdraw from the bank triggers a flag in relevant government (local and/or federal) divisions and they decide to investigate? Depending on what the investigators request. FinCEN would investigate money laundering, the IRS would investigate tax evasion, the FBI would investigate terrorism sponsorship, etc. Depending on who's investigating and what the suspicions are - different documents may be required. But the bottom line is that you should be able to explain the source of the funds and the destination. For example ""I found $1M in cash and sent it to some drug lord because he's such a good friend of mine"" will probably not fly. Does the (local/federal) government care if we stash our money (in cash or check) under our mattress, if we purchase foreign properties (taxable? documents needed for proof?), or if we give it away (to individuals or organizations - individual: a gift tax, organization: tax waivable) ? The government cares about taxes, and illegal activities. Stashing money under a mattress is not illegal, but earning cash and not paying income tax on it usually is. In many cases money stashed under the mattress was obtained illegally and/or income taxes were not paid. It seems that no matter what we do (except spreading thin our assets to multiple accounts in multiple banks), the government will always be notified of any large bank transaction and we would be forever flagged since. Is this correct ? Yes, reportable transactions will be reported. Also spreading around in multiple accounts/transactions to avoid reporting is called ""structuring"" and is on its own a crime. This is for cash/cash equivalent transactions only, of course. Not sure about the ""forever flagged since"", that part is probably sourced in your imagination."


The doing of it, the actual floral design part, is a small part of what that business is going to need. The needs of a small business are huge and varied. For instance, somebody will need to do the Quickbooks, handle the register and cash, handle clients and follow-up. Do payroll even if it is just the two of you. Handle insurance. Place orders for inventory, develop relationships with suppliers to keep costs down. Do marketing. Calculate profitability and use that to determine pricing, specials, and discounting on bulk orders. Clean the shop and enable your flower arranger to work effeciently. Need employees? Then get ready for applications, interviews, onboarding, reviews, coaching, and firing. Create checklists and best practices. The Small Business Association is your friend. It's a government program that is already paid for by you, and the employees are generally successful entrepreneurs that just don't feel like doing the 80 hours a week anymore. They will be so happy to mentor you and can really assist if you are looking for a loan to start up. Small business isn't for everybody. I think most people would rather work 40 hours a week for somebody else. If none of this scares you off, you might have what it takes. Starting and running a business is incredibly rewarding for me emotionally and financially and I wouldn't trade it for any job on the planet.


Your adviser cannot advise you if you don't tell him the whole picture. You don't have to invest everything with the adviser, you can just say that you have the cash allocation portion already invested elsewhere, and he can consider your portfolio based on that information. He works for you and you pay him for this work, why would you want him to provide a result that you know is worthless, because you didn't tell him what he needs to know?


"What you did is called a ""strangle."" It's rather unlikely that both will be exercised on the same day. But yes, it can happen. That is if the market is very volatile on a given day, so that the stock hits 13 in the morning, the put gets exercised, and then hits 15 later in the day, so the call gets exercised. Or vice versa. More to the point, the prices are close enough that one might be hit on one day, and the other on a DIFFERENT day. In either case, if one side gets hit, you need to reevaluate your position in the other. But basically, any open position you have can be hit at any time. The only way to avoid this risk is not to have positions."


With the limited to I get to play games, I'll just buy the games I want to play. It may be a month in between sessions. I'm not going to subscribe to something I won't use that often. I'll continue to build a library and when I'm old and retire I'll have an awesome legacy game system to spend my crippled time on.


>They are inalienable rights. Contract negotiations and dispute settlements are **not** an inalienable right. Civil rights, right to a trial of my peers in a criminal matter, sure. Being able to enter in to a contract with the furniture store to rent a recliner is not an inalienable right. > Our grandparents fought and died for this protection and you would simply throw it away without a fight. Shame on you. our grandparents did not fight for an inalienable right for civil trials to take place. Criminal trials, equal rights, sure. civil matters, no. They did not fight and die so that future generations can have their day in court to decide a contract dispute. As I mentioned above, I don't believe in forced arbitration in contracts but to say that's what our grandparents fought for diminishes the sacrifices they did make.


Bankruptcy law is complex. You need a lawyer who can advise you both on the statute and relevant case law for the district where you file. Your lawyer can advise you whether actions you contemplate are allowed. You can obtain advice prior to filing as you seek to determine whether the law and the relief it offers are suitable to your situation. Anyone considering filing BK should know that they will need to provide fairly extensive information. You should learn about BK as you seek to understand whether that path is the best for your situation. You should ask your lawyer specific questions about your situation and try to learn as much as you can. You should read about the problems with taking out debt or making debt repayments to creditors (especially family) prior to filing BK. These actions could impact your case and cause it to be dismissed, and could even be considered criminal (again, you need a lawyer). Some things to learn about as you contemplate Bankruptcy Be aware that BK is federal law, and you will be required to provide extensive information about your financial situation. You will be required to show up for the creditors meeting and testify that you have provided correct information. The trustee may (will) supply objections to which you and your lawyer will need to respond. Among other things, you will supply, You should seek legal advice about things that might become important, Even though you will have guidance from your lawyer, you are the one seeking relief, and you need to understand your own situation and the law.


"Your question points out how most fractional reserve banks are only a couple of defaults away from insolvency. The problem arises because of the terms around the depositors' money. When a customer deposits money into a bank they are loaning their money to the bank (and the bank takes ownership of the money). Deposit and savings account are considered ""on-demand"" accounts where the customer is told they can retrieve their money at any time. This is a strange type of loan, is it not? No other loan works this way. There are always terms around loans - how often the borrower will make payments, when will the borrower pay back the loan, what is the total time frame of the loan, etc.. The bank runs into problems because the time frame on the money they borrowed (i.e. deposits) does not match the time frame on the money they are lending."


Multilevel marketing does not mean it's a scam. MLM is one of a number of legitimate ways to run the sales leg of a business. It's also one of the fairest: you get paid for the business you bring back to the company, period. If you can keep a lot of referral salespeople working their butts off, great for you, you should reap the benefits for your effort. How many salaried jobs give you this kind of incentive? If you have reservations, that's fine, but also be prepared to have someone smile and nod back at you. The things I'd check:


"Unless this functionality is either an open API that any app on any platform can interact with, or Apple releases an Android app that can make use of this functionality, it won't go anywhere useful. iOS might be a big deal in a lot of places, but overall Android devices take up something like 80% of the mobile OS deployments, compared to iOS's 15%. Yes: Android is way more fragmented, and has many more ""shitty"" devices, but we're talking basic messaging here, not games or complicated shit."


Usually the market. I'm a company issuing a 5-year bond with 5% coupon payments. It goes on the market to whoever is willing to pay the most for it. The prices that those investors pay implies what the required yield is. For instance, if they're willing to pay exactly face value for the bond, then that shows they have a required return of (in this case) 5%. Paying more or less for the bond implies a require rate less than or greater than 5%, with the exact amounts derivable with basic algebra. The same principle can be applied to any other asset.


"This is the best tl;dr I could make, [original](https://eurbaninsight.wordpress.com/2017/09/17/modelling-an-agent-based-general-equilibrium-model-in-python/) reduced by 93%. (I'm a bot) ***** > The extension from this partial equilibrium in a single market to general equilibrium reflects the idea that it may not be legitimate to speak of equilibrium with respect to a single commodity when supply and demand in that market depend on the prices of other goods. > On this view, a coherent theory of the price system and the coordination of economic activity has to consider the simultaneous general equilibrium of all markets in the economy. > Labor print(&quot;Price:&quot;, price, &quot;Product:&quot; , product, &quot;Labortime:&quot;,labor ) def demand(lili, comps, wage): demand = totalwork = 0 totallabortime = 0 for indiv in lili: for comp in comps: indiv. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/70sqwg/how_to_model_an_agent_based_general_equilibrium/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~211887 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **Price**^#1 **comp**^#2 **weight**^#3 **def**^#4 **market**^#5"


The reason is because there's basically no incentive for anyone to not be unrealistically optimistic (aka lie). The management wants to show its being active so they aren't replaced. The IB trying to sell a company wants to make it look as good as possible. The bank providing a loan for the acquisition needs to make it look good for their risk committee, so they won't try to sour down the claims in the CIM too much. The acquired company would rather make more money than less. The only person who loses is the shareholder. It's an agency problem.


">You are just being weirdly semantic and also failing to distinguish between North and South America. They are not both collectively called America. Nobody groups 2 continents together like that. Stop embarrassing yourself. You are trying to save face by saying America is a country. https://en.wikipedia.org/wiki/Americas >What point? I said Canada was protectionist and Canada is in the top to protectionist countries in the list you provided. Because of your cognitive dissonance, you couldn't even understand the chart. LOL. it is 10 biggest country. And all of them have low tariff and shows is not protectionist. Again, I showed that you made completely big fool out of yourself multiple times. http://www.businessinsider.com/wef-countries-with-highest-trade-tarrifs-2016-10/#t11-sierra-leone-138--sierra-leone-has-high-customs-tariffs-which-account-for-about-45-of-government-revenue-according-to-the-world-trade-organisation-9 **Yea. 28% to 14%.** **Nowhere near 1-3% I showed where Canada was.** LOLOL. Just sad. A trumper says all those countries are protectionist. Yet, all the data says opposite. Are all trumpers argue like this? This is pretty sad man. You cant even follow this, you got pretty rough life ahead of you. >What data would you like? America being increasingly protectionist and the stock market being at an all time high? https://www.cnbc.com/2017/07/26/us-stocks-boeing-earnings-fed.html I already used your own data against you so in a way that is me using data and you've presented none. Lol. None of that data says anything about protectionism. Are you joking? This is pathetic, mate. So lets recap Makes absurd claim. that Russia, China, US(calling it America), Canada are all protectionist. -> Shows data that completely proves them wrong. Not to mention Russia is poor as shit. -> Yells out unrelated comment. ""bu bu bu venezula!""-> Tells him I've never brought up venezula. -> bu bu bu I say they protectionist cause they on top 10 list and couldn't even understand simple chart -> Shows data proves opposite and tell him low tarrif rate of 1-3% -> bu bu bu I now want to see other 185 countries. This is hilarious and just pathetic. I feel bad for you. Wait, are you Russian? Is that why you chose Russia as great protectionist country? LOLOLOL. No wonder your life must suck. Blame it on trade and globalism that will help. Your lack of cognitive ability must have nothing to do with it."


The Federal Reserve is a Government Corporation. They profit off of selling currency to everyone, they literally get paid to print money. It could cost them 14 cents for a dollar. This huge profit margins is why they dont mind making the penny. Other countries got rid of small currencies bc it costs the government not a corporation.


"Are you not allowed the y5 option? I'm no guru, but one thing that sticks out to me in that plan is the vesting period of 5yrs as opposed to 10, so the money is ""yours"" in half the time....so if after 5yrs, you find a better gig, you can roll those benefits into another account and manage them on your own (or just leave and draw on them when you are eligible) Then again, knowing that many municipalities are in shit shape due to their pension benefit liabilities, they may be pushing to the longer vesting period to a) encourage you to stay employed there and/or b) allow them to keep the money should you leave before that 10yr period Like I said, though- I'm def no guru, and that is only one aspect of these plans. I'd personally reach out to a financial planner so they can game it all out for you and equip you with the info to make the best choice"


We should also use video marketing as nowadays people prefer going through videos and i think those advertisement between the videos is a great way to give your business more exposure. Also we can build strong relation with people relevant to our industry and can easily grow our business.


Note that this is just looking at public firms, whose numbers have declined while the overall number of firms has increased. It would be interesting to compare their profits to GDP, that might be a better measure to find out whether profits are more concentrated than they used to be. Also note: > However, what could indeed be a deterrent—especially for smaller companies—is that the US Congress wields far more regulatory power over public companies than private ones, note the authors.


Please take a look a Dave Ramsey's Baby Step plan. It has all the details that you need to clean up your personal finance situation. None of your options are good. As some of the other answers mentioned, behavior modification is the key. Any idea will be worthless if you just wind up in debt again. Many, many people, including me, have made the change using Dave's plan. You can too. With regard to helping your son with tuition, are there better or cheaper options? It does not make sense to put yourself in financial peril in order to cover college expenses. I understand that is a tough decision but he is a man now and needs to be part of the real world solution. Following the Baby Steps: The biggest factor is a belief that you can fix the mess. 30k is not really that much, with a good plan and focus, you can clean it up. Good luck.


you could say that Microsoft never hurt the consumer either. It was the bundling of file explorer with internet explorer that was litigated. And even though they eventually settled, the almost decade of litigation but them in a constant defensive posture - major business decisions had to be run past the lawyers. Apple and google ended up drinking their milkshake.


We actually have [a thread](http://www.reddit.com/r/GroceryStores/comments/10sldg/im_so_tired_of_this_grocery_shrinkray_bullshit/) about that going on right now in r/grocerystores. It is a fine line to walk. No one wants to visibly raise prices. But they are still showing price per pound/ounce on the tag (right? Every store I have been in shows that). The consumer is partly to blame for allowing those shenanigans.


Yeah good point about the 15%. I was thinking about short term where it's taxed at ordinary income. I do agree something has to be done I just don't know what because they have the whole system balanced. As soon as you introduce one change they figure out a loophole around it. It's screwed up


"I used Quicken, so this may or may not be helpful. I have a Cash account that I call ""Temporary Assets and Liabilities"" where I track money that I am owed (or that I owe in some cases). So if I pay for something that is really not my expense, it is transferred to this account (""transferred"" in Quicken terms). The payment is then not treated as an expense and the reimbursement is not treated as income--the two transactions just balance out."


The U.S. Department of Ed offers Loan consolidation that you may want to take a look at: https://loanconsolidation.ed.gov/AppEntry/apply-online/appindex.jsp Going through a Government Agency as opposed to a private lender might reduce the burden (co-signers, collateral) you need to pass to get the loan.


I was in a similar (but not quite as bad situation) a couple years ago, and I had a stroke of luck that helped me, but your friend might be able to force a similar situation. My parents refused to take out the huge parent loan (understandably so), but my dad made enough money that I wasn't eligible for much aid. My stroke of luck came when they got divorced; I could refile my FAFSA with only one parent (using my mom with very little income), my aid shot through the roof and nearly covered my undergrad (this happened in California, I don't know if this works in other states). My advice for your friend would be to take the 6 units/part time job option, but do what she can to earn enough to pay her own rent/food/other bills. I think the requirement for filing as an independent is that you supply >50% of your own income. It won't kick in right away, but for next school year this would end up getting her a lot more money from the state/federal governments. For me it was enough to cover my school, food, rent, gas, car payment, and still have a little left over. (I don't know if this is still possible, and I know it doesn't work for graduate school, or if it applies to every state. It might be an option worth pursuing though)


So, they can either do this OR they can take their in-store customer experience up like a dozen notches. What they can't do is have baseline in-store customer experience and higher prices than online. That *can't* work, and they must know this. As the generations roll forward there will be fewer and fewer people wandering into a Best Buy with no idea what a TV costs. In fact, more and more people are walking around with internet connected barcode scanners that will do an instant nationwide price compare on the spot. If you find an item you like in Best Buy and you scan the barcode and find it 25% cheaper online...can you want 3-4 days to get it? Probably. If they just keep trying to go along as a high price retailer they're done. They'll be bankrupt in less than 10 years.


I don't know how fast are wire transfers between bank accounts in the US, but here in Europe we can have them in under an hour usually for an extra fee (during bank working hours) - so you could take a laptop with Internet connection to the transaction, make a wire transfer and wait that hour drinking coffee for the transfer to arrive before handing the keys and papers and the buyer driving away.


Thats like the first European Settlers telling the Native Americans that smallpox was manageable back home. Doesn't matter where it started, it matters who has immunity. Unfortunately neither our countries' female tween populace just didn't. **EDIT** *Unfortunately neither our countries female tween populace had it*.


"If it's work you'd be producing specifically for this organization, that would not be deductable. Per Publication 526, Charitable Deductions, ""You can't deduct the value of your time or services, including: … The value of income lost while you work as an unpaid volunteer for a qualified organization."" On the other hand, if you were say an author of a published book or something (not specifically written for this organization), you could donate a copy of the book and probably deduct its fair market value (or perhaps only your basis, if it's your business's inventory)."


Cash-back also lets the store turn hard currency into an electronic transfer or check, which reduces the hassle/risk of hauling bagfulls of cash to the bank. (The smaller stores I've spoken to have called this out as a major advantage of plastic over either cash or checks. I'm assuming that the problem scales with number and size of transactions.)


"This is the best tl;dr I could make, [original](https://medium.com/@sethmiller_59231/this-is-how-big-oil-will-die-38b843bd4fe0) reduced by 91%. (I'm a bot) ***** > Oil fuels the most politically volatile regions in the world, yet we&#039;ve decided to send military aid to unstable and untrustworthy dictators, because their oil is critical to our own security. > Big Oil will be cut down in the next decade by a combination of smartphone apps, long-life batteries, and simpler gearing. > To understand why Big Oil is in far weaker a position than anyone realizes, let&#039;s take a closer look at the lynchpin of oil&#039;s grip on our lives: the internal combustion engine, and the modern vehicle drivetrain. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/6hafjz/autonomous_electric_cars_will_be_the_demise_of/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~144319 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **oil**^#1 **vehicle**^#2 **mile**^#3 **cost**^#4 **year**^#5"


How many people work 80 hour weeks and succeed? How many people work 80 hour weeks and fail despite that? Hard work can only get you so far. You can only try to put yourself in the right place at the right time, if the opportunity appears, you succeed if not, you fail.


"Yeah, hence the ""it is more complicated"" line. I don't have all the facts, I just know our govt is colluding with these guys in wall street and The Fed, etc... and it is all about making certain people very rich and basically looting the middle class."


"> Gotta keep coming back don't ya. Yep! I like good discussion. > You admitted you were wrong... I was not wrong. Insurers are now dropping out of Obamacare mainly because of Trump not enforcing the mandate. The fact that insurers dropped out before doesn't invalidate my statement. > ...then sent a opinion piece with no actual data - just feels. I included that to show the reasons insurance companies left before are different than their reasons today. It's fine if you disagree with that opinion piece's solution. > Then you tell me you agree but is another topic. Then 2 fucking sentences later ""address the cost of care"". I fucking give up. There are three critical elements to healthcare: cost, quality, and access. Low cost care is of no benefit if it is unavailable or of low quality. The ACA only focused on one of those three elements: access. The goal of the insurance portals and medicaid expansion was to get more people insured which is why the ""more people covered"" metric is the one you always hear. There were a few things in the bill to control quality but other than the mandate to keep premiums down there was nothing to control cost. This is why when talking about the ACA, the chargemaster is another topic. The ACA is about increasing access, not lowering cost. If you want something done about costs and the chargemaster, you need our government to pass a whole different healthcare bill."


You could buy some bitcoins with your credit card and then convert them back to physical money.


This is excellent advice. I would make sure that you arm yourself with some solid questions about the company including reformatting some of the questions that they ask you. Interviews should be a two way conversation, the more you get them talking, the more comfortable they'll be to recommend you. Some questions to ask: 1. Tell me a bit about your (interviewer) background? This gets them talking a bit and allows you to relate with them 2. Where do you see the company moving in the next 5 years? 3. Why is this job opening available? 4. Can you tell me a bit about the corporate culture? 5. How can the company invest in me? 6. What are the qualities that will make me successful in this job? 7. Tell me a bit about our competitors (you should know some of them) and what sets this company apart? Make sure you're armed with as much information about the company as possible. One of the things that set me apart when I interviewed at the company I'm working at now was I came into the interview with the company's financial report and started asking specific questions about details on that report. Also, MAKE SURE TO GET A BUSINESS CARD OR CONTACT INFORMATION BEFORE YOU LEAVE. Thank you letters are an annoying formality, but it is necessary, don't rely on the recruiter to give you that information.


The fact that he was even in reach was because amazon stock has been doing well lately, up 36% in the past year (though it should be noted that microsoft is up 30% in the same time period). The fact that it didn't last long was just because of daily fluctuations which were responsible for both randomly pushed him up over the threshold and pushing him back down again. It is still really close and he could easily swap places will Bill Gates several times over the next few weeks until longer term trends take over and start to push them a little further apart and one of them emerges the winner for now.


That statement above was your own in the context of discussion degrees and college education. From the context in the discussion that statement appears to say you support college as being the way people become educated in civics. It may not have been your intention but it is exactly how it reads to me and perhaps others as well.


> if govt does it's job of keeping some competition in the banking sector, then the rates offered you and me should be near the actual cost to service such loans, You cannot really believe this. There is no sector more artificial than banking, and under the current regime there is no such thing as a relation between any interest rates and the cost to service the loans. Rates have been artificially depressed across the spectrum using every available manipulation, and we are experiencing a coordinated money-printing/government bailout operation on a global scale. To say that rates anywhere have any relation to the real cost and/or demand for capital is absurd.


I think companies should be able to reduce their tax burden to zero as long as they produce a net benefit to their host country. Taxes for corporations should be ways of influence and reducing cost of having the business in the country due to externalities like pollution and influence things like against outsourcing.


I know that if you make more, you pay more, but do those who have more, not make more, pay higher income tax? In general, no. In most locales, income tax is based on income, not on wealth. I am retired. I have little income but a fair amount of wealth. I play very little income tax. (But I do pay other kinds of taxes.) Here's a scenario. 2 people of average wealth with similar situations have the same job with equal pay. After 5 years, their situations haven't changed and they still earn equal pay, but now one has $40,000 in their account and the other $9,000. Does one now pay higher income tax because he has more in his account or does he pay the same because he makes the same? In most locales, you pay income tax on everything that is counted as income. Your salary is income. In some cases, earned interest is income. But aside from the earned interest from your bank accounts, neither the $40,000 nor the $9,000 is income. Your huge mansion isn't income. Your expensive car isn't income. The huge amount of land you own isn't income. The pricey artwork on your walls isn't income. You don't pay income tax on any of these, but your local may impose other taxes on these (such as property tax, etc.) [Note: consult the tax laws of your specific locale if you want to know details.]


Let's start with a definition: A Collar is a protective strategy for a position in the underlying instrument created by purchasing a put and selling a call to partially pay for the put option purchased or vice versa. Based on that definition, there are two different types of collars. Each is a combination of two simpler strategies: References Multi-Leg Options Orders


"Market cap is speculative value, M = P * W, where W is stock (or other way of owning) percentage of ownership, P - price of percentage of ownership. This could include ""outside of exchange"" deals. Some funds could buy ownership percentage directly via partial ownership deal. That ownership is not stock, but fixed-type which has value too. Stock market cap is speculative value, M2 = Q * D, where D is free stocks available freely, Q - price of stock, in other words Quote number (not price of ownership). Many stock types do NOT provide actual percentage of ownership, being just another type of bond with non-fixed coupon and non-fixed price. Though such stocks do not add to company's capitalization after sold to markets, it adds to market capitalization at the moment of selling via initial price."


I have a personal theory that due to Warren Buffett having the entire faith and backing of Wall Street, that it definitely plays into his returns. Look at the mortgage originator he sank money into that was truly a terrible business. A whole lot of Wall Street poured money into it right after as well. I don't think he would be as consistent if he were only buying a handful of shares and couldn't influence the entire price as a whole, but I'm not denying historically he's made a lot of good picks.


SECTION | CONTENT :--|:-- Title | Bitcoin explained real easy. Raise Your Frequency S1.E1 Description | Bitcoin explained real easy so anyone can understand what it is and how it works.. You decide which system you prefer: current money system: https://www.youtube.com/watch?v=G9IH-XKQpOI current money system: https://www.youtube.com/watch?v=PhSIfVyvDdM current money system: https://www.youtube.com/watch?v=JuP2hH0Kpro current money system: https://www.youtube.com/watch?v=Bx5Sc3vWefE Bitcoin: https://medium.com/zapchain-magazine/the-10-best-videos-to-watch-to-learn-about-bitcoin-c34f98f2fed... Length | 0:26:48 **** ^(I am a bot, this is an auto-generated reply | )^[Info](https://www.reddit.com/u/video_descriptionbot) ^| ^[Feedback](https://www.reddit.com/message/compose/?to=video_descriptionbot&subject=Feedback) ^| ^(Reply STOP to opt out permanently)


Does the friend fix your electrical wiring and the engine of your car? If you need a professional advice - ask a professional. In this case - an accountant (not necessarily a CPA, but at least an experienced bookkeeper). Financial Statements (official documents, that is) must be signed by a public accountant (CPA in the US) or the principle (you). I wouldn't take chances and would definitely have an accountant do that. You need to consider the asset useful life, and the depreciation. The fact that you use it for non-business purposes may be recorded in various ways. One that comes to mind is accounting as a supplement for depreciation: You depreciate the percentage that is used for business, and record as a distribution to owner the rest (which is accounting for the personal use). This way it would also match the tax reporting (in the US, at least). Bottom line: if you're preparing an official financial statement (that you're going to submit to anyone other than yourself) - get a professional advice.


Secondly, should we pay off his student loans before investing? The subsidized loans won't be gaining any interest until he graduates so I was wondering if we should just pay off the unsubsidized loans and keep the subsidized ones for the next two years? From a purely financial standpoint, if the interest you gain on your savings is higher than the interest of the debt, then no. Otherwise, yes. If we were to keep 5,000 in savings and pay of the 3,000 of unsubsidized loans as I described above, that would leave us with about 15,000 dollars that is just lying around in my savings account. How should I invest this? Would you recommend high risk or low risk investments? I'm not from the US so take my answer with caution, but to me $15,000 seems a minimum safety net. Then again, it depends very much on any external help you can get in case of an emergency.


I'm a plaintiffs attorney in Texas. I've read both sides of the issue and my conclusion is shaded by: when one side speaks, who benefits and what's their motive? Insurance companies lie and deceive and delay and deny. All day. After September 1 comes and goes, you'll hear nothing more from the insurance side because they've officially beat the clock.


"any major brokerage firm will have something like this. more speculative rumors will typically not make their way to the ""news"" there, though; the news feeds are from established wires, who don't report on those things until confirmed."


Rich people use debt for various reasons. The question should not assume that billionaires don't use debt. They also pay lower interest rates on that debt because they have enough collateral that their debt is safer than a typical mortgage. Many rich people will use interest only mortgages on their primary residences so that they can keep their stock earning at higher growth rates than the mortgage interest that they are paying all while writing off a portion of that mortgage interest on their taxes. Taking an artificially low salary and receiving equity for the larger portion of compensation is also a tax strategy to limit the amount of taxes owed on that income. If paid directly in stock grants, that will count as income, but if paid in options, then the purchased stock will only be taxed at the lower capital gains rates if the stock is held for a year after the options are exercised. Every billionaire will have complicated tax avoidance strategies that will require multi-year planning for the best long-term minimization of taxes. Debt is a strategic part of that planning. Also consider that a major part of that upscale lifestyle (corporate jets, fancy meals, etc.) is on the company dime because the CEO is always on the clock. As long as he is meeting with business prospects or doing other company business, those expenses will be justified for the corporation and not attributed as income.


"I kind of understand the ""basics"", and have done a couple (with the assistance of pre-made excel sheets haha), I just don't feel that I'm creating an actual valuable valuation when I do one. While on the topic though, do you know where an individual investor can calculate the cost of debt for the WACC? I've been looking on morningstar and search up that public company and take the average of the coupon on all outstanding bonds. I don't feel like that's very correct though :("


Traveller's cheques. That's exactly what they were intended for. Their usage has dropped a lot since everyone can use ATMs in foreign countries, but they still exist.


1% seems to be an equally shaming understatement: Approximately 39.6% of men and women will be diagnosed with cancer at some point during their lifetimes (based on 2010-2012 data). https://www.cancer.gov/about-cancer/understanding/statistics Of course not all poor people get cancer, but when close to 40% of the total population does, I think it is safe to say allot more than 1 % of the poor do get cancer and many other things that cannot be planned for.


Do you know what you're interested in? Sounds like you're focused on debt/equities with your certifications and past experience. Do you want to stay in that field or do you want to try other finance related activities? The first I cannot comment on and the second may require a pivot of your career (and potential earnings change). It really depends on if you're generally happy doing what you're doing today or not.


"It's a front; a farce. It's nearly suicide for a corporation (which relies on voluntary customers) to say they're ""against"" climate change - interpret that statement how you will. So they say ""*oh yeah, environment, great stuff, we love it, pollution bad, green good - we'll reduce our CO2*"". So they find some stupid project, reduce their emissions by whatever-% - ya know, throw a couple spare bucks at it, greenwash the shit out of it. And probably get half those dollars back as a green tax credit anyway. Meanwhile, their bottom line and day-to-day operations are largely unaffected. And the costly stuff - MACT compliance, legislation, taxes - the things that make environmental responsibility *really* happen - they want no part of that. So they pay of their politicians to promote that as ""*job killing*"" and quietly let them haggle over details. Or better yet - stall indefinitely. So everybody wins. Kind of."


> Factorys in many places are begging for help at the moment. I've heard the opposite for most actually. Sure there are some like the one in the article, but if you look around, we have too many applicants for most jobs. We have tons of illegals that take the jobs and automation. > It is something though to atleast consider how it affects society because 20 years ago all people could find jobs when now they cannot. Well, sorry to tell you this, but liberals constantly shoot themselves in the foot with their policies that only screw them. For example, illegals have taken tons of jobs. Its a liberal thing to allow them and even support them. High minimum wage has also cut down the number of jobs. There are areas that pay $15/hr or close to it for people that can't read or write their own name. They can't even count to 10 in their own language. So what happens? You cut staff and make each employee do more work. If they employee is worth $15/hr, I believe in paying it, but its clear these people are not. They wouldn't get laid off or replaced by automation if they were


It's just odd to me these pieces that try to talk up the economy never mention the Fed has $5 trillion in Tbills and Mortgage Backed Securities and still climbing fast. Even if the economy was great now, what do you think happens when they stop buying these bonds? And what if they don't? If the FED has $15 trillion, is that too much? You people never take a stand on either of those two. Edit: spelling


"Your comment to James is telling and can help us lead you in the right direction: My work and lifestyle will be the same either way, as I said. This is all about how it goes ""on the books."" [emphasis mine] As an independent consultant myself, when I hear something like ""the work will be the same either way"", I think: ""Here thar be dragons!"". Let me explain: If you go the independent contractor route, then you better act like one. The IRS (and the CRA, for Canadians) doesn't take lightly to people claiming to be independent contractors when they operate in fact like employees. Since you're not going to be behaving any different whether you are an employee or a contractor, (and assuming you'll be acting more like an employee, i.e. exclusive, etc.), then the IRS may later make a determination that you are in fact an employee, even if you choose to go ""on the books"" as an independent contractor. If that happens, then you may find yourself retroactively denied many tax benefits you'd have claimed; and owe penalties and interest too. Furthermore, your employer may be liable for additional withholding taxes, benefits, etc. after such a finding. So for those reasons, you should consider being an employee. You will avoid the potential headache I outlined above, as well as the additional paperwork etc. of being a contractor. If on the other hand you had said you wanted to maintain some flexibility to moonlight with other clients, build your own product on the side, choose what projects you work on (or don't), maybe hire subcontractors, etc. then I'd have supported the independent contractor idea. But, just on the basis of the tax characteristics only I'd say forget about it. On the financial side, I can tell you that I wouldn't have become a consultant if not for the ability to make more money in gross terms (i.e. before tax and expenses.) That is: your top line revenues ought to be higher in order to be able to offset many of the additional expenses you'd incur as an independent. IMHO, the tax benefits alone wouldn't make up for the difference. One final thing to look at is Form SS-8 mentioned at the IRS link below. If you're not sure what status to choose, the IRS can actually help you. But be prepared to wait... and wait... :-/ Additional Resources:"


If you break down the math it comes out to a loss to the IRS. Does every Fortune 500 store profits over seas? How much does Comcast store? Because they pay 33% in taxes. Paying 15 comes to a loss for the IRS. These companies are not improving on anything anywhere. Record profits and yet it's not invested back anywhere that helps the citizens. Why would it be invested after they have more money? Apple didn't when they made 30b, 40b, 50b 60b now almost 70b profit after taxes. Why would they if they make 80b?


"This is the best tl;dr I could make, [original](https://www.bloomberg.com/news/articles/2017-10-03/u-s-missile-defense-gets-400-million-as-north-korea-threatens) reduced by 71%. (I'm a bot) ***** > Congressional defense committees have approved shifting more than $400 million from other accounts into missile defense programs to clear the way for more ground-based interceptors, sensors and upgrades to Navy anti-missile vessels in the face of threats led by North Korea. > The shift of funds reflects a growing determination at the Pentagon and in Congress to bolster missile defenses as North Korea vows to perfect nuclear missiles that can hit the U.S. mainland as well as allies in Asia. > An additional $8 million is shifted to supplement the $219 million already budgeted to potentially increase the number of interceptors to 64 from the current 44; and $15 million would go to software upgrades to the Boeing-developed floating Sea-Based X-Band radar used to precisely track an intercontinental ballistic missile in mid-flight. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/74loz8/us_missile_defense_gets_400_million_after_north/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ ""Version 1.65, ~223049 tl;drs so far."") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr ""PM's and comments are monitored, constructive feedback is welcome."") | *Top* *keywords*: **million**^#1 **request**^#2 **missile**^#3 **defense**^#4 **shift**^#5"


"I would recommend to draw 25000 from annuity at 10% penalty. Its important to understand that you pay the interest on credit card debt per annum. You pay the penalty on withdrawal from low-yield annuity only once! Imagine that you don't pay your credit card debt for 3 years. It explodes from 25000 to 33116 (more than 8 thousands wasted!)! The average APR of your card debt is (minus for you) 9.82%. That is you pay your penalty each year! I didn't get exactly how your annuity works, but given 1% of ""guaranted"" effective interest, I wouldn't expect much above it. If you want some kind of mixed solution and gain some time, you could first pay off the card debts #2 and #3, then the APR goes down to (minus for you) 7.24, i.e. that of the card debt #1. However, even in this case you should draw money from annuity at penalty, if you can't pay it down in let's say 1.5 years."


What sort of emergency requires payment up front for which 2-3 days processing of a stock sale would pose a problem? In my case, the sudden and unexpected death of my wife. Back in 2011, my wife was struck and killed in a traffic incident. I had to immediately (not in 2 - 3 days) cover 50% of the entire costs of the funeral. The balance was due shortly after, though I now forget if the balance was due in 7 days or in 30. I suspect the latter. The life insurance paid out in approximately 4 months for this simple case. Even if your mortgage is insured, you still have to pay the entire balance, along with living expenses, until the paperwork is resolved. And, again in simple cases, assume this will take months rather than days or weeks. My point is, the funeral is only one of the expenses you'll have to cover in such a situation, though generally you'll have sufficient lead time for the other expenses, where your investments would likely be sufficiently liquid. Yes, a credit card would (and did) help in this situation, but if you have no credit card (as your question poses), you need ready access to thousands of dollars to cover this sort of eventuality. My bank told me that many people in such a situation have to take out an emergency loan the very day their spouse dies. Let me assure you this would be... emotionally difficult. Funerals vary widely in price. The Motley Fool indicates the median cost of a funeral with a vault was $8,343 in 2014. Crematory fees, a headstone, flowers, food, obituaries, all add to this cost. My total cost was closer to three times the median, though some of the expenses (headstone, primarily) came later. I'm sure I could have gone for a cheaper funeral, though it's hard to make rational economic decisions at that sort of time. I don't recall the exact amount I had to put down, but it was somewhere around $6000 - $8000. (No need to leave a comment expressing condolences; thanks, but I've already had plenty and now my goal is to help share knowledge. :) )


If all you look at is the people that can afford houses, then you're just primarily looking at banking policies -- who they will make a loan to, and on what loan terms; which are fairly consistent over time. FRED's home ownership statistic is calculated as the number of households that are owned; it makes no distinction between a household with a college grad still living with their parents because they can't afford living on their own. Apartment leases aren't getting cheap either.


Fair enough, do what you want, but the issue is that the physical store is providing you with valuable services that you are taking advantage of (you get to see the shoes before you buy them, try them on, get advice from employees, etc.) without paying for.


Having no debt should be the ultimate goal for every household, IMHO, but at what cost? As an example, I had some clients (before they started working with me) that had outstanding debt when they retired and were gung-ho to pay it off. They opted to take it out of their retirement accounts. They didn't set aside enough for taxes which was their first mistake. After a few years, they now have realized they should not have paid off everything as now they have other medical issues that have arisen and not enough in their retirement accounts to satisfy their monthly requirement.


Note that this is not my site -- I just googled it to get a web-based sha page. Personally, I just wrote a quick php script that spit out on my own web server: echo sha1('mypass'); ran it and then checked... But I agree the info above is relevant - avoid giving out any sensitive information, although just a random password to a random web site isn't super helpful


"You can renounce it whenever you like, however you can't be living within that country and under the umbrella that the country provides otherwise someone is going to say ""you might claim that you are not a citizen, but your actions and physical residence would claim otherwise""..."


In general it's mostly inertia: There are tons of reasons and they would vary from region to region.


"This question is calling for a somewhat subjective answer. What I would recommend is liquidate now, since it is a stock fund and stocks have performed very well this year, no need to be greedy and hope that they do as well in 2014. Since it is not an enormous amount of money, put it in an interest yielding savings account which unfortunately are all sub 1%. But the key here is since we cannot predict the markets, no investment is going to be ""safer"". You want the 18k to be there when you need it for the down payment. If you invest it in a fund now, you may not be able to get at least 18k at the time you are forcing yourself to liquidate. A good rule for investing is never to have to sell to make a purchase because there is a high probability that you will be selling at a sub-optimal price. Some savings accounts that have slightly higher yields. http://money.cnn.com/2013/10/01/pf/savings-account-yields/"


Congratulations to you and good luck and good health with the baby. I had a friend in a similar situation, and I told him that he could do quite well by putting out the word to an upper-middle-class neighborhood that he was available to setup routers, home networks, etc. I suggested that he could start at a low enough wage that people would see the beneficial tradeoff to having him come over for a few hours versus doing it themselves. After a few months, he hired someone to take the extra work he was receiving, and directed the more routine requests his employee. He had a full-time job plus all the extra work he wanted. Most people who hire him simply want someone they would trust in their home, and his service spread by word-of-mouth. He also got to meet many people who liked him and were impressed by his work ethic, resulting in many good connections if he ever wanted to pursue other employment. My friend was an IT professional, the best support person at our tech-heavy firm, so he wasn't giving his time away. He did enjoy doing it, and he did enjoy the extra money. On an hourly basis, especially once he added the assistant, he was making more on the side than he did at his job. However, I believe he did start lower than that. Good luck!


"netting means to combine cash inflows and outflows (e.g. debits/credits, payments/receipts, income/expense) by subtracting the sum of all outflows from the sum of all inflows, creating one transaction. For example, if you make two trades in one day with your broker - one to buy a security for $100 and one to sell it for $110 - rather then you sending your broker $100 and them sending you $110, the transactions are ""netted"" - meaning they will send you the ""net"" amount of $10 ($110 inflow - $100 outflow). In a more general sense (""netting of instructions"") it would mean to combine all instructions and only apply the ""net"" effect - e.g. one step forward, two steps back would combine to a ""net"" one step back. Most likely it will apply to the exchange of money, but it could be applied more broadly. Note that there doesn't have to be both inflows and outflows. You can also ""net"" multiple inflows (or outflows) into one transaction by just adding them all up, but typical business usage is to reduce the number of transactions by combining inflows and outflows."


They do not try to force sales and are not driven by them either. They truly essentially need clients to be informed enough to make their own choice and eventually to be happy with their decision. Though you visit the shop of electric bike in Canterbury you will probably be welcomed with a hearty hello from the friendly team and expeditiously offered some tea.


"How is this anticompetitive? You're welcome to buy goods from someone other than Amazon, Amazon isnt colluding with other vendors to do the same, or sell at the same price... If Amazon decided tomorrow ""I dont want to carry this Disney shit"" I dont see how thats anti-competitive. Amazon has a strong negotiating position however."


Hello, feel free to remove this if it doesn't belong here. I am a journalist and I am looking to get more involved in tech and finance related things, so this is where I am starting. **What are some finance-related stories that you believe are not being covered in the news well enough?**


"[Netflix is targeting 50% in-house content ""within the next few years.""](http://variety.com/2016/digital/news/netflix-50-percent-content-original-programming-cfo-1201865902/) It says right now it is about 1/3 of the way there which - to me - works out to about 16.5%. So maybe ""rarely"" wasn't the right word, but a large majority of the content it streams is not in-house."


Don't worry! Once we get those for profit prisons up and running Americans will have no problem finding jobs. Just expand what counts as illegal, crack down on illegal activity, and millions upon millions of Americans will be employed. At $.50/hr. And the added bonus is that we'll be able to compete with third-world labor! Who says there isn't a plan to make America competitive on the world labor market? ... now if you'll excuse me I'm going to go bury my tinfoil hat. It's scaring me.


This might be a question better suited for r/askeconomics or just r/economics. Ben Bernanke is an excellent source on the Great Depression, however, and he's very good if you want to understand these crises from an economic point of view.


Different rates. What the BoE is conducting is known as Quantitative Easing, which is a form of monetary policy avalable to central banks whenever interest rates are already too close to zero or at zero (just like in the UK). In this case, the central banks hopes to influence longer-term rates, rather than just short-term rates. It is useful to remember that the rate central banks announce is a short-term rate used for interbank lending.


FINRA lets you view recent trades, but as stated in the other answer bonds are illiquid and often do not trade frequently. Therefore recent trades prices are only a rough estimate of the current price that would be accepted. http://finra-markets.morningstar.com/BondCenter/Default.jsp


"Well, all of the previous answers already mentioned the upcoming scam and danger situation for your financial position. I thoroughly read all answers and wanted to add a few more lines on it. Cort Ammon) already shows details of it. Any kind of financial transaction involving a complete stranger is the first big scam tag that shows up and this should always 'Never Fall In' type situation. If you open a new bank account or give away any existing bank account to this lady, other than just losing some amount, you might pay earlier than clearing checks you deposited on behalf of your 'stranger' partner. Depending on their target/plan/experience with your bank account they can make you a victim of a bigger crime. There is a full length of scam plans, like sending you false checks to deposit and ask you withdrew money to send them back to even having very big incoming transaction to your account sitting idle on your account which might originate from a crime beyond the financial domain. You can try to be smart, thinking in mind, well, let them send some, I will never send them back before bank declare the deposited checks got horned and clear (and send back the amount after keeping your share). But, still you will face problems later. Even if your account fills up with real money and after confirming with bank you find it OK and never return them (scam a scammer). Still you will not have any valid authority or answer describing how/why you got this money if someone ask you later. Depending on scammer's ability, they might even give you control over fund to spend for your own (to gain some trust from your part). On this type of scam it is a sign of an even bigger danger. I live such a country, Bangladesh, from where recently they successfully transferred out around US$10 millions using a bank account of an outsider like you keeping in between source of money and final unknown destination. The result is the owner / operator of those accounts used for these transfers are now under law enforcement pressure, not only just to find out where ultimately money has gone, but for sure they will face some degree of charge for helping transfer of illegal money overseas"". For someone who is not part of a full scam chain it is a big deal. It might ruin their life forever. To be on the safe side, and help protect others from falling on the same type of problem you may contact your local law enforcement agency. Depending on the situation, they might be interested to run a sting operation using your information and support to catch and stop the crime going to happen soon or later. I would give a rare chance of 2% legitimate reason for anyone to use a third-party bank account to pay some other living either different country (still it is not legal, but a lower-type crime). But obviously they will not ask randomly over the Internet/social network sites. In your case this is a real scam. Be careful and stay safe; Good Luck."


"> The article is dead on that cable is grossly overpriced. Cable isn't grossly overpriced. If it were, more people would be canceling their subscriptions, and/or the cable/fiber/dish networks would be offering discounted *à la carte* plans to steal subscribers. I would pay what I pay now to get what I watch now. That's true of most people or they'd stop subscribing. *À la carte* isn't popular with the cable companies not because they'd have to charge less, but because it would artificially limit their window into your living room (obviously they *can* technically provide you with hundreds of channels, since they do today). Take AMC, for example, which has gone from a third or fourth tier channel to at worst a second tier channel on the strength of *Mad Men*, *Breaking Bad*, etc. How much would the audience of those shows have been limited (and thus your cable company's ability to sell ads been limited) if people had to call up to add $4/month to their bill rather than just flip the channel when they heard about a cool new show? Even in a purely ""on demand"" world, how do you build a show's brand? Offer the first four episodes for free, then start charging? That's a big cliff to fall off. I can assure you that when we are living in an on demand world, you'll be paying at least what you're paying now. My guess is that around the time Apple gets into the TV business, your cable plan will become a ""smart TV"" plan, with a unified data/video cost, just like your smartphone plan. Then the cable companies won't care so much where you're getting your content, whether it's traditional channels or streaming."


"He's never called DJ Skrillex. The headline is using DJ for context as in ""the artist skrillex"" or ""the musician skrillex"". And judge for yourself how insightful the research seems but this does not argue in its favor one way or the other."


"My experience is in economics, so it may differ from an accounting or personal finance perspective somewhat; that being said, I find it perfectly acceptable to use a term like CAGR when the rate is positive or negative. Economists talk about negative growth rates all the time, and it's universally assumed that growth rates can be positive or negative.1 Ideally, the actual magnitude and sign of the value should be specified by the value itself. The term, whether it's ""growth rate"", some modified version of it like CAGR, or any label in a table or on a graph, should describe the calculation or source used obtain the value. I shouldn't need the name to indicate the sign of the number if the number is present; the name is only there to help me understand the value. Unfortunately, I don't know of any specific term that represents the geometric averaging nature of CAGR and also eliminates the minor potential for semantic confusion. However, I think the minor problem of semantics needs to be balanced against the tradeoff of using a different term that isn't as common, if one were to exist. CAGR is a standard, well-known term that a) allows someone who is familiar with the term to instantly understand the procedure you're using, and b) allow someone who isn't familiar with it to quickly search and find an explanation, since searching for CAGR will numerous simple explanations of how it's calculated. 1. This is different from the concept of economic growth, which is usually assumed to be positive in informal discussions. In economic modeling, many of the first steps in creating a model are symbolic anyway, so ""growth rate,"", ""change in output"", and ""economic growth"" are used interchangeably to describe changes in GDP because the values either aren't known, irrelevant until later in the project, or pulled from data that describes it using one or several of the previously stated terms."


So, they get taxpayer money and a bunch of assistance to research and make the vaccine, but then get free latitude to price it at whatever they like when much of the initial investment cost has been subsidized? **And** they get a monopoly on its sale? I am *so sure* they are going to price it fairly...


"Let's separate ""rich"" from ""entrepreneurs."" Not all entrepreneurs are rich and yes, people will stop doing something with the risk/reward is too high. Expecting people's behaviors to NOT change when diminishing their rewards is ignoring the facts. Entrepreneurs that like to invent will simply do it elsewhere."