"It's a scam. Here are the many signs: The bank will never ask for your password. They can access your account without it. The bank will never use a customer's account for their own business. They have their own accounts. ""Some guy"" is not a bank employee. Bank employees are people that you meet at the bank. Banks do not hand out thousands of dollars for free to customers, especially customers with nothing in their accounts. Even if you have no money in the account, this crook that you would give access to your account can do lots of illegal things in your name, such as writing bad checks, laundering money, running scams on other people through your account, etc. If you have already given your account info to this person, you need to go to the bank immediately and inform them. Since you have no money in the account, you should close it."


"We had a great local bike shop near me shut down suddenly, Specialized wasn't named but now I'm wondering if they were behind it. http://www.mlive.com/business/ann-arbor/index.ssf/2014/10/two_wheel_tango_closes_unexpec.html They ""temporarily closed"" but then both locations were sold, so it seems pretty permanent."


"I just checked back at the blog - he updated on Sunday and gave more details. He still has NO CLUE what he's talking about. The truth is that their story leaves a lot of the basic details out, but all their interpretations and ""feelings"" in."


That's actually pretty damned clever. If GE started recommending local 3D printers for replacement items it could avoid a slew of aftermarket part creation and transportation costs, while providing nothing but the design specs which they've already had created. Hell, if they *annually licensed* those specs to said authorized printers, they'd actually make *more* than the old model of selling parts, since they're now cutting costs *and* creating an additional revenue stream. Brilliant!


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In an open corporation scenario a stock holder may well be found liable. It's a very narrow and uncommon bunch of scenarios but it's well worth sharing. See the paragraph on open corporations in the following document: http://nationalparalegal.edu/public_documents/courseware_asp_files/businessLaw/RightsOfShareholders/LiabilityOfShareholders.asp


"You are considered a Canadian resident if you have ""significant residential ties to Canada"". Because your wife lives in Canada, you therefore are a resident. Even by working temporarily in the US, you are still considered a ""factual resident"" of Canada. Due to that, your second question is irrelevant."


After transferring, do we need to file any forms to IRS regarding money transfer? Not immediately. Do we need to file any forms in US as part of tax returns for this transfer? In case the recipient and the sender are not the same person, the recipient must attach form 3520A to his/her tax return. If you are transferring between your own accounts - you're good to go. However, this NRE account must have been reported on your FBAR and form 8938 attached to your tax return. Do we need to inform my local bank in USA regarding the transfer in advance? You probably want to confirm the transfer instructions with them (SWIFT instructions, routing info, etc).


People use BB as a showroom for Amazon and other online retailers. Use your current advantage of having a physical presence and save on all the shipping and logistics? I mean, the customer is there, the product is already there. Howabout just matching Amazon prices in store?


Just my two cents. It depend. Since Bayers aspirin is already established and there is no R&D to recoupe. It's easy to sell while newer drug is less well known and vendor need to get their R&D money back and don't forget the cost of business such as filing with FDA. It can added up while generic drug basically just a receipt that anyone can cook up.


Googling vanguard target asset allocation led me to this page on the Bogleheads wiki which has detailed breakdowns of the Target Retirement funds; that page in turn has a link to this Vanguard PDF which goes into a good level of detail on the construction of these funds' portfolios. I excerpt: (To the question of why so much weight in equities:) In our view, two important considerations justify an expectation of an equity risk premium. The first is the historical record: In the past, and in many countries, stock market investors have been rewarded with such a premium. ... Historically, bond returns have lagged equity returns by about 5–6 percentage points, annualized—amounting to an enormous return differential in most circumstances over longer time periods. Consequently, retirement savers investing only in “safe” assets must dramatically increase their savings rates to compensate for the lower expected returns those investments offer. ... The second strategic principle underlying our glidepath construction—that younger investors are better able to withstand risk—recognizes that an individual’s total net worth consists of both their current financial holdings and their future work earnings. For younger individuals, the majority of their ultimate retirement wealth is in the form of what they will earn in the future, or their “human capital.” Therefore, a large commitment to stocks in a younger person’s portfolio may be appropriate to balance and diversify risk exposure to work-related earnings (To the question of how the exact allocations were decided:) As part of the process of evaluating and identifying an appropriate glide path given this theoretical framework, we ran various financial simulations using the Vanguard Capital Markets Model. We examined different risk-reward scenarios and the potential implications of different glide paths and TDF approaches. The PDF is highly readable, I would say, and includes references to quant articles, for those that like that sort of thing.


"Yes, you can do that, but you have to have the stocks issued in your name (stocks that you're holding through your broker are issued in ""street name"" to your broker). If you have a physical stock certificate issued in your name - you just endorse it like you would endorse a check and transfer the ownership. If the stocks don't physically exist - you let the stock registrar know that the ownership has been transferred to someone else. As to the price - the company doesn't care much about the price of private sales, but the taxing agency will. In the US, for example, you report such a transaction as either a gift (IRS form 709), if the transaction was at a price significantly lower than the FMV (or significantly higher, on the other end), or a sale (IRS form 1040, schedule D) if the transaction was at FMV."


"Long answer: [Interest Rates and Fiscal Sustainability](http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1722986) Short(er) answer: The issuer of the currency isn't revenue-constrained in its own currency. So the ""debt situation"" isn't bad at all, it's just a record of net issuance. On interest payments, two considerations. First is that when the interest rate is less than the growth rate, debt:GDP levels off. Second is that the interest rate is a price set by the issuer. So interest payments aren't a problem either. Does that mean the government can just spend without limit or consequence? No. A thousand times, no. What it does mean though is that those limits and consequences are properly described in terms of what the economy needs and not in terms of budget constraints. Or to put it another way, they're balancing an economy, not a budget."


Maybe the disconnect is in how different people view work and money. In the standard view, work is something negative you do, in order to get something positive - money, or at least the act of spending money gets you something positive. If the work is particularly unpleasant, one would expect employees to demand more money to cancel out the negative things they have to put up with. On the other hand, if the work itself is a net positive even before pay, then when combined with pay, the combined positive may be worth more than the raise they're offered at another company - especially if the new conditions would be poor, and would cancel out the raise, leaving them unhappier, despite having more pay. Of course, we're not a bunch of robots weighing out positive and negative units, much of which are near impossible to measure anyway. I assume a lot of it is just going with gut reactions, using approximations and fuzzy predictions in decisions that sometimes appear rational, but when looking at the underlying data points, may be built on rather irrational hand waving...


Usually five shares and some cash.


The biggest problem with penny stocks is that they are easily manipulated, and they frequently are. Many of the companies trading as penny stocks have poor track histories of accurate financials, and what information that is available is not very reliable or verifiable. I recall a few years ago when there were articles out there in financial circles talking about how more than a few penny stocks were being manipulated by organized crime syndicates. Another big issue with penny stocks is liquidity. Since they're so thinly traded (not a great deal of daily volume), anyone who puts enough money into a penny stock to make it worth the effort almost certainly becomes the biggest trader in the stock, which can make it tough to liquidate positions. There are not enough market makers in the stock to be competitive, so you have to accept the bid/ask prices of whoever is willing to execute the trades, so the margins evaporate quickly. Penny stocks are something you can trade if you're bored, have money to burn, and just want to toy around with something just for the heck of it that you'll ultimately lose out on.


Actually.. China and India are the least of the problem. Microsoft has massive offices in both countries precisely because they can't get enough H-1B visas for all the positions they want to fill - better to build a local office if the talent pool is large enough.


If the buyer exercises your option, you will have to give him the stock. If you already own the stock, the worst that can happen is you have to give him your stock, thus losing the money you spend to buy it. So the most you can lose is what you already spent to buy the stock (minus the price the buyer paid for your option). If you don't own the stock, you will have to buy it. But if the stock skyrockets in value, it will be very expensive to buy it. If for instance you buy the stock when it is worth $100, sell your covered call, and the next day the stock shoots to $1000, you will lose the $100 you got from the purchase of the stock. But if you had used a naked call, you would have to buy the stock at $1000, and you would lose $900. Since there is no limit to how high the stock can go, there is no limit to how much money you may lose.


The increase of currency value in relation to another is a critical determinant of the economic health. It plays an important part in the level of trade and affects the world’s free market economy. But, they also effect on smaller scale as they create an impact on the portfolio of investors. So, it is suggested that the investors should make their trades wisely keeping in mind the value of other currencies that might your trade. Also, you should check the news daily to get regular updates and be well-informed of any changes happening in the market


"Need to be very careful with this kind of discussion. The dollar has been a ""fraud"" since it went off of the gold standard. If you get people thinking too much about their currency, then could start a panic. Should really just leave it alone. -- Especially with the increasing US debt; and Trump saying something earlier about defaulting on it."


"> why we should compare the minimum wage with the average rent is unknown. Um, because, since the 60's, ""poverty"" in the U.S. is measured against expenses and ""the cost of living,"" of which housing is a major component? Because the ""30%"" rule has been around for decades? Whether you agree with the ""30%"" line or not, pleading ignorance of it only serves to show that you absolutely do not know what you are talking about, and your piece is worthless nonsense which serves only to muddy the waters."


That is also because it takes more specialized training to do some of the maintenance jobs required, which then in turn requires more support personnel to feed/house/take care of them, which in turn requires more security forces to defend them, and then it becomes a military version of if you give a mouse a cookie.


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I think you wrong about this. There are two problems I see with your example. * When you created something which costs $150 you have increased the amount of money in the world from $200 to $450 because money is the storage of value. * After the first transaction you have said that you have $250, which presumably means the money in the bank. However, at a later point when you go to the bank demanding $500 you only consider physical notes to be money. The bank at this point could give you a check book and if you wanted to spend it would simple credit the other person $500 and remove that amount from your account. In addition, the bank could always repossess the items you have sold to the other person and give them to you in lieu of physical money.


Thank you very much for this thoughtful response. In my opinion the judges care more about the why behind your valuation rather than a how. Anyone can use a formula, but it takes so much more to understand why to use the formula. Personally, the 'why' is going to be the toughest part for me understand and wrap my head around. Once again thank you for the advice and the tip.


> Their actual journalists like Chris Wallace or Shep Smith aren't that bad Yeah they are. They all play specific roles. If the theater wasn't complicated enough with detail, people would realize that it's fake. So they've got characters to fill every necessary role. It's easy to think it's real, until you look at the larger picture. See all of the sides and how they (the characters) manipulate their willing audience. If they were legitimate they wouldn't need to use deception.


"You have to read some appeals court cases see scholar.google.com , as well as SEC enforcement actions on sec.gov to get an understanding of how the SEC operates. http://www.sec.gov/spotlight/insidertrading/cases.shtml There are court created guidelines for how insider trading would be proven There is no clear line, but it is the ""emergency asset injunctions"" (freezing your assets if you nailed a suspiciously lucrative trade) you really want to avoid, and this is often times enforced/reported by the brokers themselves since the SEC does not have the resources to monitor every account's trading activities. There are some thin lines, such as having your lawyer file a lawsuit, and as soon as it is filed it is technically public so you short the recipient's stock. Or having someone in a court room updating you on case developments as soon as possible so you can make trades (although this may just be actually public, depending on the court). But the rules create the opportunities Also consider that the United States is the most strict country in this regard, there are tons of capital markets and the ideals or views of ""illegal insider trading"" compared to ""having reached a level of society where you are privileged to obtain this information"" vary across the board contains charts of countries where an existing insider trading prohibition is actually enforced: http://repository.law.umich.edu/cgi/viewcontent.cgi?article=1053&context=articles https://faculty.fuqua.duke.edu/~charvey/Teaching/BA453_2005/BD_The_world.pdf Finally, consider some markets that don't include equities, as trading on an information advantage is only applicable to things the SEC regulates, and there are plenty of things that agency doesn't regulate. So trying to reverse engineer the SEC may not be the most optimal use of energy"


"> It should go without saying (should being the key word) that you must pay employees enough so that they stop thinking about money. I agree with that. At my retail job I would often think, ""I don't get paid enough to do that, so I'm not going to."" Now I'm in a tech job and money isn't even a thought. I just do my work."


I don’t get how companies can keep saying this. Profit is by definition money you didn’t spend on anything (like research). I realize that profit could be used on research in future years, but presumably you will also have excess income in future years to use for that expense. That’s a bum deal though because you will have to pay 35% tax. Making a profit at all means you chose not to invest that money in research but instead to bank the money (pay shareholders).


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"Let me run some simplistic numbers, ignoring inflation. You have the opportunity to borrow up to 51K. What matters (and varies) is your postgraduation salary. Case 1 - you make 22K after graduation. You pay back 90 a year for 30 years, paying off at most 2700 of the loan. In this case, whether you borrow 2,800 or 28,000 makes no difference to the paying-off. You would do best to borrow as much as you possibly can, treating it as a grant. Case 2 - you make 100K after graduation. You pay back over 7K a year. If you borrowed the full 51, after 7 or 8 years it would be paid off (yeah, yeah, inflation, interest, but maybe that might make it 9 years.) In this case, the more you borrow the more you have to pay back, but you can easily pay it back, so you don't care. Invest your sponsorships and savings into something long term since you know you won't be needing to draw on them. Case 3 - you make 30K after graduation. Here, the payments you have to make actually impact how much disposable income you have. You pay back 810 a year, and over 30 years that's about 25K of principal. It will be less if you account for some (even most) of the payment going to interest, not principal. Anything you borrow above 25K (or the lower, more accurate amount) is ""free"". If you borrow substantially less than that (by using your sponsorship, savings, and summer job) you may be able to stop paying sooner than 30 years. But even if you borrow only 12K (or half the more accurate number), it will still be 15 years of payments. Running slightly more realistic versions of these calculations where your salary goes up, and you take interest into account, I think you will discover, for each possible salary path, a number that represents how much of your loan is really loan: everything above that is actually a grant you do not pay back. The less you are likely to make, the more of it is really grant. On top of that, it seems to me that no matter the loan/grant ratio, ""borrow as much as you can from this rather bizarre source"" appears to be the correct answer. In the cases where it's all loan, you have a lot of income and don't care much about this loan payment. Borrowing the whole 51K lets you invest all the money you get while you're a student, and you can use the returns on those investments to make the loan payments."


That's insane. How is it worth $20B? How is it humanly possible that they are spending that much money? Like on what? coming up with new filters? Do they have a bad deal on server space or something? I really don't get it lol


"What kind of ""deductions"" are you talking about? Many deductions, like the standard/itemized deductions, come after the AGI, and do not affect the AGI, so I don't see how this would make any difference. Maybe you are talking about deductions that come before the AGI? If you want to increase your AGI legitimately, here's a way: Every year, itemize deductions on your federal return, and over-withhold your state income tax (assuming your state has income tax) by a lot, and/or make voluntary extra payments to your state income tax. As a result, you will get a huge refund on your state taxes the following year. Then you will need to include this refund as income on line 10 of the federal return that year, which will be included in the AGI. (Of course, you will also be able to deduct a lot of state income tax paid every year in the federal itemized deductions, but those come after the AGI.)"


It's not big with restaurants in Mexico, but it seems like half the pharmacies name themselves after some religious figure, especially the Virgin of Guadalupe. The other half name themselves insinuating that they are cheaper than the others or sell cheap knock-offs of major brand patented pharmaceuticals. After twenty years living in Mexico I can't recall a single pharmacy named after a scientist. But, honestly, I lived in the US for thirty years before that and can't recall a single pharmacy named after a scientist up there, either.


The current store front my business moved into 3 months ago, was a Zildjian office/store. There was a big room with fully insulated walls and ceiling where artists could test cymbals. I knew Zildjian is one of the oldest companies in the world so I was super honored to land the location they used to be in.


Zuck the cuck is the bad guy. He takes basic human instinct and exploits it. People are addicted to that shit like it's heroin. I can't say I'm not the same with Reddit but there's not an update to Reddits privacy policy taking away privacy every 2 weeks. You can talk about something and 10 minutes lateran advertisement pops up in Facebook with the subject you were talking about. He's finding out what people like and dislike so that propaganda can be more effective. If you don't think the government hasn't got a hold of mark zuckerberg and Facebook you're retarded.


I read it. It's fair. But just because Mr. Buffett says that's not true, doesn't mean he's right. As you can see, he still isn't backing up claims with numbers. >Most of the evidence suggests they are semi-strong form efficient. But that's not even the case. It doesn't say markets are 100% efficient, it says they reflect all *available* information. Which they almost always tend to do, especially ensured with HFT. I think if you look into statistical analysis you'll find the trend 99.99% of traders lack access to any special information, making the markets effectively 100% efficient. Gains/losses are proportional to the amount of risk taken. >Now you've made a promise you can't keep, because I'm not very wrong. :) I was a dick, I apologize. I still believe it, however. Have an upvote for the welcomed conversation, though.


>The European economy was not utterly doomed before the Euro, therefore the fall of the Euro does not doom their economy. UTTERLY DOOMED and DOOMED are two entirely different things. The former is a quasi-permanent state of affairs (decades upon decades) the latter a temporary one (albeit possibly several years).


"Unless you want to own the actual shares, you should simply sell the call option.By doing so you actual collect the profits (including any remaining time-value) of your position without ever needing to own the actual shares. Please be aware that you do not need to wait until maturity of the call option to sell it. Also the longer you wait, more and more of the time value embedded in the option's price will disappear which means your ""profit"" will go down."


I agree. Finding success in life is hard. It will probably always be hard. There is no need for us to exacerbate the issue by NOT helping those we CAN help, or by blaming them for their failures, when we never taught them how to succeed, either. >In order to acquire capital you need to do productive things, which (idealy) are productive to some degree to society as a whole. Unless you inherit it. The problem is, there are TONS of non-productive ways to build capital, that require capital. Stocks and futures, monopolies, law manipulation, media manipulation, etc. There are few methods to gain capital, if you have low capital, that aren't controlled by someone with large capital. And this is okay, so long as those with low capital have sufficient avenues to increase their capital acquisition. It also doesn't help that capital they do have is now worth less than it used to be. A minimum wage job used to be sufficient to pay for a year of college. Now it isn't even sufficient to pay for housing. You can't just acquire more capital, because existence itself costs capital. You need food, water, a place to stay, warmth, a way for people to reach you, and a reliable method of transportation. You probably also need access to a computer and the internet. All of these repeatedly cost capital, and you already entered with low capital. I don't believe our capitalist system is a good reflection of s/d anymore. I believe it represents control by those with the most. ISPs have local monopolies because people can't easily move, and a startup ISP is expensive. Pharmaceuticals have a monopoly on new medicines that people need to survive. It's kind of a health blackmailing system. Net Neutrality is being attacked, because ISPs want to be able to charge and control who can access what. Like any company, they want to thrive. We are letting our freedom be sold off, one piece at a time, because profit, not people, are the most important thing. At least, that is where I see things heading.


Proposed budge plan would limit any increase spent by the federal government on employee benefits. The amount paid would be limited to the rate of inflation. So if the cost of healthcare goes up 10% over time, and inflation goes up 2%, the employee and not the government picks up 8%. The result is that the government is protected from skyrocketing costs and can easily budget for the future. I guess the individual is thought to be more capable somehow? Of is the individual, and not the government, more responsible for skyrocketing profits in the drug industry? Or does the GOP believe the government needs less reason to care about individual people and more reason to side with large corporate profits? Or maybe the thinking is simply that there will be more money available for tax cuts. Perhaps newer good people will leave private industry to take lower paid federal jobs. But, maybe not as globalization seems to be dampening the compensation packages for all wage employees.


Check out http://garynorth.com if you have $15/month. Or at least subscribe to his free newsletters (Tip of the Week, Reality Check). Well worth it. He doesn't pay much attention to the US market indicators, except to note that people are about 20% poorer than they were 10 years ago. He looks at more basic indicators like M1, treasury rates, unemployment figures, etc. He recommended buying gold in 2001. He changed his recommended investment portfolio most recently about a couple of years ago (!) and it's done quite well.


Amazon can't ship sheetrock and lumber, but lumber yards can. That's where I get a majority of mine as a builder. I can see Amazon selling that service for local lumber yards. My most expensive purchases, such as tools, lighting, door knobs/locks/handles, and small appliances I get from Amazon.


">Hence we need agencies like Elizabeth Warren's CPFB that audits and checks the govt. But Warren's position is that more government is better government. Where's the advocate for ""back the fuck up, get out of the way, leave me alone""? There isn't one! >you cannot expect exchanges to self regulate so the min. HFT hold time of 5 secs imposed by exchange will likely not happen by the exchange on its own volition And yet Underwriter's Laboratories does a *great* job with consumer electronics safety *without* governmental regulatory power. Are you aware of this?"


Car and health insurance, etc would be budgeted. Most people know what their monthly nut is and how long they can spend on a job search. If you really feel that your boss is treating you poorly, sometimes the best thing to do is to tighten your belt, start saving and look for new opportunities. It is not easy. Nothing worse doing is. I know people generally have difficulty saving money, but like I said, ultimately, you are responsible for your own happiness.


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I get upset everytime I see this. Where a part is made is a small percentage of how much it affects and benefits the us economy. If Ford manufactured each and every car in Mexico it would still have a bigger positive on the us economy than Toyota. Toyota profits, r and d, marketing, design and a bunch of other niche jobs required for the automaker stay overseas in Japan. So does the tax revenue from those jobs and profits. A us ceo will pay more in income taxes than a 1000 factory workers. If we lose the ability to design and engineer products we're screwed. It will never come back. There will always be a cheaper place to make goods. That's the wrong rabbit to chase.


As long as we're just making up formulas, I may as well just throw some numbers at it. The position at the forensic accounting firm would be paying 50-60K likely starting salary with maybe 5K bonus if he is super busy and busts his ass. Whereas a position in Banking would be paying about 75K base, with around 40-60K in bonus (let's assume this is a boutique or mid level bank). So after year one, he makes about $60K more on the banking route after year 1 post graduation, whereas he forfeited 10K in summer salary plus the 5K loan with interest (which ohbytheway is tax deductible). Pretty sure that it works out in his favor that way, and that's just after 1 year. Yes I understand this simplifies things and assumes that he gets a job in banking solely due to the internship, and couldn't have gotten it otherwise. However, if the internship significantly increases the likelihood (P as you put it) from .3 to .7 it's still wildly in his favor to do it, given that the wage gap will only grow over time consider his base will be 85k+bonus in yr 2, and 95K+bonus in yr 3, whereas he's looking at maybe 10% raises in the forensic accounting. Look, you can make up formulas all you want, all I was saying is that in certain industries, it's absolutely legitimate to have unpaid internships. In this case, $PAYOFF is a fairly high value, and P is increased a significant amount.


Keep in mind the number of months or years before you break even. You pay money to lower the interest rate, and lower the monthly cost. But it takes a number of months, using your numbers $7,000 to save $160 a month will take ~43 months. That is before figuring in the future or present value. If you sell or refinance the mortgage, the initial points to lower the rate is gone.


"This is not a normal occurrence, and you have every right to be annoyed, but the technical way it usually happens goes like this: What can happen is when the merchant incorrectly completes the transaction without referencing the pre-authorization transaction. The bank effectively doesn't ""know"" this is the same transaction, so they process it the same way they process any other purchase, and it has no effect on the pre-authorization and related held/pending transaction. As far as the bank knows, you purchased a second set of blinds in the store for $200 and are still waiting on the first order to come in, they have no idea the store screwed up. The reason this is possible is the purpose of the pre-auth in the first place is that it is a contractual agreement between the bank (credit card) and the merchant that the funds are available, will be available except under rare special circumstances, and thus they can go ahead and process the order. This lets the merchant be secure in the knowledge that they can collect their payment, but you aren't paying interest or monthly payments on something you haven't even gotten yet! This system works reasonably well for everyone - right up until someone screws up and fails to properly release a hold, makes a second transaction instead of properly referencing the first one, or the bank screws up their system and fails to correctly match referenced pre-authorization codes to purchases. The problem is that this should not be a normal occurrence, and the people you are speaking with to try to sort out the issue often do not have the authority or knowledge necessary to properly fix the issue, or its such a hassle for them that they hope you just go away and time fixes the issue on its own. The only sure-fire solution to this is: make sure you have so much extra credit line that this doesn't effect you and you can safely let it time out on its own, or stop doing business with this combination of merchant/payment that creates the problem. Back when my credit limits were being pushed, I would never pay at gas pumps because their hold polices were so weird and unpredictable, and I would only pre-pay inside or with cash to avoid the holds."


"Your Infant Mortality rate is closer to that of a third world country, too. Plus, you put more people in prison than China, or Russia. And by some margin. So at least you are No.1 in something other than ""Number of Nukes"", and ""Countries Invaded""."


With your numbers, look at it this way - You borrowed $50. When the stock is $100, you are at 50% margin. What's most important, is that there's margin interest charged, so the amount owed will increase regardless of the stock price. When calculating your return or loss, the interest has to be accounted for or your numbers will be wrong. For a small investor, margin rates can run high, and often, will offset much of your potential gain. What good is a $100 gain if you paid $125 in margin interest?


If it is your primary residence and you lived there continuously and for more than 2 years out of the last 5 - then you can exclude the gain under the IRC Sec. 121. In this case, you'll pay no taxes on your gain. If the property has been a rental or you haven't lived there long enough, the rules become more complicated but you may still be able to exclude some portion of the gain, even all of it, depends on the situation. So it doesn't look like 1031 exchange is good for you here, you don't want to carry excluded gain - you want to recognize it and get the tax benefit. However, refinancing after purchase with cash-out money affects the deductability of the loan interest. You can only deduct interest on money used to buy, not cash-out portion. I believe there's a period (60 days IIRC) during which you can do the cash-out refinance and still count it as purchase money, but check with a licensed tax advier (EA/CPA licensed in your State).


"Don't know if it's due to internet or due to reality tv shows turning people off.. Survivor (Started the major reality tv trend, the ""Real World"" wasn't anywhere as big) started in mid 2000 which ironicly is when the chart started to noise dive. I'm surprised the report didn't even mention how badly reality tv is effecting us as TV stations are loosing viewers which means they have to put on more commercials to make up for lose of money and then they put on more reality tv because it's the cheapest kind of tv show to make without needing to hire stages,actors,casts,techs,crews,whatever. They then cut back on decent/experimental shows because the tv watching demographic are now a bunch of reality tv viewers (idiots). Catch 22. Prime example of this is now that MTV has pretty much gone full reality tv and even other once respected channels like Discovery and History now have a crap load of reality based shows."


Having 401k or HSA is not income and doesn't trigger filing requirements. Withdrawing from 401k or HSA does. Also, in some States, HSA gains are taxed as investment income, so if you have gains in an HSA and you're a resident of such a State - you'll need to file a State tax return and pay taxes on the gains.


"> Every credit card has a space on the back for a signature. And for decades, retailers would check the signature on your ID ... This worked for a long time, until retailers ... For decades, retailers never compared signatures on credit cards to the person's signature. Impractical and not even worth it as anyone can copy a signature on a card. Neither do banks bother to check for signature. They don't even have a ""signature on-file"" anymore. Try it! Deposit a check or buy with a credit card and scribble something unrelated as a signature! The deposit or credit card transaction will go through. I guarantee you that! **Please try it! Let me know if it did not work!** I know what I am talking about because I deal with credit cards a lot, professionally, in IT. The only sure thing is to ask for a PIN. But, alas, credit cards use a chip, so if I steall your card, I can buy with it with no problems. But not if I still your ATM card - I don't know your PIN. The PIN is in your head and I can't get it. The credit card companies don't really care."


"Haha, I replied to your comment directly. I'm not avoiding it, I just didn't see this comment until now. Also, whatever ""they"" you have in your head that you're lumping me in with is almost assuredly wrong. After all, you didn't even know that Nazis were socialist."


They're all over the place: https://en.m.wikipedia.org/wiki/List_of_automated_urban_metro_subway_systems But yes unions are mostly why there aren't more of them and I have some sympathy for them - especially since Robotics & automation are likely to significantly change or destroy most of our jobs over the next 20 years....


The term water conditioner a few times physical water conditioner or physical water treatment gadget is by and large used to portray an extensive variety of items that are intended to forestall lime-scale develop on warm trade surfaces when hard water conditioner is warmed. depict an extensive variety of items that are intended to forestall lime-scale develop on warm trade surfaces when hard water is warmed. Despite the fact that the calcium is not expelled from the water, it is safe because of its adjusted physical state.


There is no right and wrong answer to this question. What you and your business partner perceive as Fair is the best way to split the ownership of the new venture. First, regarding the two issues you have raised: Capital Contributions: The fact that you are contributing 90% of initial capital does not necessarily translate to 90% of equity. In my opinion, what is fair is that you transform your contributions into a loan for the company. The securitization of your contribution into a loan will make it easier to calculate your fair contribution and also compensate you for your risk by choosing whatever combination of interest income and equity you see suitable. For example, you might decide to split the company in half and consider your contributions a loan with 20%, 50% or 200% annual interest. Salary: It is common that co-founders of start-ups forgo their wages at the start of the company. I do not recommend that this forgone salary be compensated through equity because it is impossible to determine the suitable amount of equity to be paid. I suggest the translation of forgone wages into loans or preferred stocks in similar fashion to capital contribution Also, consider the following in deciding the best way to allocate equity between both of you and your partner Whose idea was it? Talk with you business partner how both of you value the inventor of the concept. In general, execution is more important but talking about how you both feel about it is good. Full-time vs. part-time: A person who works full time at the new venture should have more equity than the partner who is only a part-time helper. Control: It is important to talk about control and decision making of the company. You can separate the control and decision making of important decisions from ownership. You can also check the following article about this topic at http://www.forbes.com/sites/dailymuse/2012/04/05/what-every-founder-needs-to-know-about-equity/#726842f3668a


It depends solely on the risk your willing to take. For example, few years back one of the leading banks in my country was offering 25% interest rate for 5 year fixed deposits and the lending rate in the market was around 12%. So people borrowed money from other banks and invested in the high return fixed deposits. After 6 months the bank filed for bankruptcy and people lost their money. Later investigations revealed that abnormal high return was offered because the bank had a major liquidity problem. So all depends on the risk associated with return on your investment. Higher the risk, higher the return.


> This data is 4 years more recent: > https://www.cnbc.com/2015/04/13/top-1-pay-nearly-half-of-federal-income-taxes.html Income tax again. Surprise, surprise. > Haha, OK- let's see the numbers on property, corporate, estate, or capital gains. Surely the 99% pull their fare share of those. Nope, [they pay more than their fair share](https://itep.org/whopays/). *The bleak reality is that even among the 25 states and the District of Columbia that have taken steps to reduce the working poor’s tax share by enacting state EITCs, most still require their poorest taxpayers to pay a higher effective tax rate than any other income group.*


"I encounter this response all the time when people find out I'm majoring in finance. So much so that trying to explain to someone whose knowledge of financial professionals is limited to the tiny percentage that get featured on the front page of newspapers is pointless. Why don't you hate nuclear scientists? They created the bomb. In closing I'll leave you with a quote from a movie about the importance of risk management. ""Jesus, Seth. Listen, if you really wanna do this with your life you have to believe you're necessary and you are. People wanna live like this in their cars and big fuckin' houses they can't even pay for, then you're necessary. The only reason that they all get to continue living like kings is cause we got our fingers on the scales in their favor. I take my hand off and then the whole world gets really fuckin' fair really fuckin' quickly and nobody actually wants that. They say they do but they don't. They want what we have to give them but they also wanna, you know, play innocent and pretend they have know idea where it came from. Well, thats more hypocrisy than I'm willing to swallow, so fuck em. Fuck normal people. You know, the funny thing is, tomorrow if all of this goes tits up they're gonna crucify us for being too reckless but if we're wrong, and everything gets back on track? Well then, the same people are gonna laugh till they piss their pants cause we're gonna all look like the biggest pussies God ever let through the door"" - Margin Call"


You did borrow money for the downpayment. When you apply for a mortgage loan on your new home, you will be required to list all your assets and all your liabilities. You must disclose the first mortgage as well as the second mortgage on your current condo as well as the monthly payment on each of these loans. If you took out the second mortgage five years ago, you can truthfully say that you have not taken out any loans within the past year to get cash for the down payment when you apply for a mortgage for purchasing your new house. But, what the lender will be looking at is: Can the applicants' current income support monthly payments of $1000 for the first mortgage on the condo plus $300 for the second mortgage on the condo plus $1500 for the proposed mortgage on the new house? You might argue that you will be selling that condo soon, or will be renting it out and that the rental income will cover the mortgage payments on the condo, but will the lender give much credence to this? The condo may not sell easily, you might not be able to find a tenant right away, or be able to rent the condo at a high enough rental to cover the costs etc. If you simply save money from your current extra cash flow and use that to make the down payment, the lender will be pondering the question Can the applicants' current income support monthly payments of $1000 for the mortgage on the condo plus $1500 for the proposed mortgage on the new house? Which deal will the lender be happier with? If you are uncomfortable saving your extra cash flow in a savings account or CD or investing it in stocks and/or bonds until you need the money for the down-payment on your new house, put that money in a sock under your mattress (and don't smoke in bed!)


>1) Everyone is going to get sick. Which is why everybody has an incentive to cover themselves with THEIR OWN insurance policies. >2) Most medical issues happen by chance. See above. >3) We live in a society and we all live better when all of us are healthy. Which is why it's so important that people have a strong financial incentive to stay healthy - i.e. not being healthy is expensive, and people should feel those expenses personally. >4) It is morally the right thing to do. Morality is a gray area. I completely disagree with you on this one. It is not moral to point a gun at somebody to force them to pay for somebody else's stuff. It is expedient. >There is no death spiral yet. You're just buying the Republican talking points. I don't care about any political party's talking points. My full time job is in the financial markets. I pay attention to what companies are actually doing, and what they are actually saying about trying to operate under Obamacare. They are saying it's a mess, and they financial results speak for themselves.


It should be reported as Miscellaneous Income. Congratulations for wanting to report this income.


"In general, when dealing with quantities like net income that are not restricted to being positive, ""percentage change"" is a problematic measure. Even with small positive values it can be difficult to interpret. For example, compare these two companies: Company A: Company B: At a glance, I think most people would come away with the impression that both companies did badly in Y2, but A made a much stronger recovery. The difference between 99.7 and 99.9 looks unimportant compared to the difference between 100,000 and 40,000. But if we translate those to dollars: Company A: Y1 $100m, Y2 $0.1m, Y3 $100.1m Company B: Y1 $100m, Y2 $0.3m, Y3 $120.3m Company B has grown by a net of 20% over two years; Company A by only 1%. If you're lucky enough to know that income will always be positive after Y1 and won't drop too close to zero, then this doesn't matter very much and you can just look at year-on-year growth, leaving Y1 as undefined. If you don't have that guarantee, then you may do better to look for a different and more stable metric, the other answers are correct: Y1 growth should be left blank. If you don't have that guarantee, then it might be time to look for a more robust measure, e.g. change in net income as a percentage of turnover or of company value."


Just call your credit union and ask if they will let you refinance at the lower rate. If they won't, then just increase your payment every month so that your car is paid off early (in 36 months instead of 60). You won't get the lower rate, but since your loan will be paid early, you'll be saving interest anyway.


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Stop defending banks. At the time of the 08 melt down, they opened up multiple ways for large financial institutions to borrow money either for collateral (usually shit assets) or with interest rates akin to free or near free. Do you know what that means? Free money. Borrow money for free, buy treasuries and profit. Who didn't have access? Those that didn't have the inside track in the Fed and in the upper levels of the U.S. government. That's why Lehman went under and Goldman, JPM, even GE (due to finance division) didn't go under. Far far too many people upvote pro corporate comments when they aren't even remotely accurate just because their worldview is that the world is just. How silly.


I am not a financial expert, but I'm pretty sure that it DOES matter. When you take out a mortgage on a home, you are using the home itself as collateral. If you fail to make payments on that home, and go into foreclosure, the bank takes possession of your home. With that understanding, imagine you borrow $500K for a purchase of a home. If the cost of the home was $1M, the bank will have more confidence they can recover the money they lent you (by selling the home should it go into foreclosure) than they would if the house was only worth $700K. In effect, the larger your down payment, the easier it would be for the bank to recover their money should you go into foreclosure early on. As far as 50% overcoming a low credit score... that's a very open-ended question. There are just too many factors at play to give a simple yes or no answer to that.


On the one hand, more junior people should always give evidence to support their statements. But otherwise everything I have heard about actually being there indicate that these principles are used hypocritically only when a junior person has a bias that contrasts with the senior person in the room.


"I'm not familiar with the Dupire model; I'll have to take a look at (it sounds cool though). I think that all arbitrage-free models are ""incomplete"" in the sense that they don't say, ""This is a price that doesn't imply any arbitrage opportunities *anywhere*,"" but instead say, ""This is a price that doesn't imply any arbitrage opportunities within a specific set of securities."" What set you're using will vary from one model to another, and I'd say (although other people might reasonably disagree) that taking a volatility structure as given is as much no-arbitrage as taking a term structure as given. As a side note, I'd say that what (theoretically) distinguishes an equilibrium model is that you're supposed to *know* the parameters, not guess at them or observe them from the real world. By that definition, a really complete CAPM or Black-Scholes would explain how to derive the correct beta or volatility from fundamental analysis. Also, I've upvoted you elsewhere for some really good comments you made about intrinsic value."


"It's like the lady said, ""It's not the size that counts, honey -- it's the wiggle behind it."" Or to be more precise in application of metaphor, it's not the amount of money but *where it goes* that matters. Currency is like blood: It's supposed to circulate, but when it pools into large pockets, well, that's a good sign you're dead."


I think it should be as well but I wonder how much more doping contributes to a win in Cycling versus other sports such as soccer. I could be wrong but I would think that with regards to winning, sports such as cycling have a greater weighting on physical performance and though it is also important in sports such as soccer, there is also a great weighting on skill and teamwork.


I frequently do this on NADEX, selling out-of-the-money binary calls. NADEX is highly illiquid, and the bid/ask is almost always from the market maker. Out-of-the-money binary calls lose value quickly (NADEX daily options exist for only ~21 hours). If I place an above-ask order, it either gets filled quickly (within a few minutes) due to a spike in the underlying, or not at all. I compensate by changing my price hourly. As Joe notes, one of Black-Scholes inputs is volatility, but price determines (implied) volatility, so this is circular. In other words, you can treat the bid/ask prices as bid/ask volatilities. This isn't as far-fetched as it seems: http://www.cmegroup.com/trading/fx/volatility-quoting-fx-options.html


Probably not. A debit of 50K in your Bank statement does not mean that its invested into tax saving instrument. This question is best answered by the finance department of your company. Practise vary from organization to organization.


Stuff like this came about mainly when setting the new guidlines in medicare part D. Basically companies are able to reset their prices if they come up with a new method of delivery of a drug, sometimes it's faster and better but not always, especially since it's put into effect regardless. Since they already have a monopoly status due to the patent they set price equal to marginal revenue, which in this case happens to be quite a bit and since they own the only competing drug from what it sounds they are perfectly within their right to pull the old one.


it is pretty much the same as a normal margin loan but cheaper because you don't own the underlying share.the if the margin is $1000 at 5% you could borrow $20000 in total so the actual amount would be $19000 in total that you would have to pay interest on so at the moment it is 5.1% which is $19000x5.1% /365 days =$2.66 a day and if the share price rises you don't pay extra in interest costs unless you have borrowed more.it still stays at 2.66 a day until you have sold the shares


Funds built of dividend-paying stocks are normally called income funds.


I'm not sure what raising your credit limit would do to your score in the short term. I don't think it's a clear win, though. Your percent utilization will go down (more available credit for the same amount of debt) but your available credit will also go up, which may be a negative, since potentially you can default on more debt. If you're interested in monitoring your score, Credit Karma will let you do that for free.


"I think you will find it hard to do. There are money laundering regulations which require you to provide proof of address when opening an account. I don't know for certain if they require an UK address, but even if they don't, it's very likely that individual banks etc will require that. I doubt that they will view you as a profitable customer for them, since you would not be using the account as your ""main"" account. Although having a job isn't a legal requirement, in practice I think it's the only way you can get an account without having been resident in the country for a while. My company employs a significant number of people from abroad and they typically need support from the company to open an account when they first move. One thing you could investigate is opening an account with some international bank with branches both in Hungary and the UK, and asking them to arrange the UK account for you. One example of such a bank is HSBC. However such banks will typically charge you a significant amount for the privilege - for example with HSBC you need a ""premier account"" to get this kind of service."


I'm talking about the seed industry, not industry in general. As I said, I don't know how it is at other stations in the U.S., but here even the most poorly educated field workers without a G.E.D. or the ability to speak English get better starting wages than Costco offers. The work is hard and requires attention to detail and knowledge, but they train on the job. As for educated employees, after 10 years my wife makes 6 figures with a masters degree. From the inside looking out the seed industry has done wonders for our world, both economically and agriculturally. Food is (too?) cheap and plentiful because of the work done by these companies, just like inexpensive smart phones have become the norm because of the work of tech companies. Do you want to go back to an LCD flip phone? Likewise, would you like to go back to when we harvested 25 bushels of corn per acre when today we harvest more than 140? That's 6 times as much food from the same acre of land.


The only downside is for the agents, not you. Agents, especially selling agents, prefer the concession over the price reduction for their own interests. They get a commission on a higher purchase price. That, and the recorded sales price for the house is a tad higher, which incrementally increases the comps for the next sales. When we moved, the agent conditioned me to get ready to offer a concession should we decide to sell our previous home. We decided to rent that property, and have someone else manage it. But with regard to your questions, the concessions are applied against your closing costs. When we bought our last house they specified caps on the closing costs, so money will be typically be withheld (or not) contractually. The concessions aren't a taxable gain. Your basis in the property will be higher than if you get a price reduction, but the lower basis (hopefully) means a higher capital gain when you sell.


No program or government action will work for everyone on an individual level. There are over 300M Americans. The only thing the government can do is make broad stroke policy decisions that have the best *net* outcome for all involved. Our current system has created conditions in which healthcare costs are out of control. This is effecting both the sick and the healthy. Finding a system that works to get the cost under control for the average American, while, ideally, maintaining quality of care, is the ultimate goal. If that means we have to make a few sacrifices, like caring for the poor and unhealthy, to make it happen, then so be it. I believe there is something in the Bible about caring for the poor and the sick.


http://www.theglobeandmail.com/report-on-business/ottawa-clears-up-confusion-over-bank-bail-in/article10697667/ > “The bail-in scenario described in the Budget has nothing to do with depositors’ accounts and they will in no way be used here,” Finance Minister Jim Flaherty’s press secretary Kathleen Perchaluk said in a statement Tuesday. “Those accounts will continue to remain insured through the Canada Deposit Insurance Corporation, as always.”


Weird title. The article says there was an original hack previous to the one that we all now know about, but it was by the same intruders. There was also a third breach in a South American office months later. TIL Equifax suffered three breaches in less than 6 months.


"Whether you like animal right activists or not (I don't consider myself one), this is abusive. Animals for food should meet a swift, hopefully painless death. If you're taking a nihilistic ""everything dies anyway"" stance, then can we assume you're ok with child abuse and torture in general? I mean, we're all just dead meat in the end."


"Regarding ""Interest on idle cash"", brokerage firms must maintain a segregated account on the brokerage firm's books to make sure that the client's money and the firm's money is not intermingled, and clients funds are not used for operational purposes. Source. Thus, brokerage firms do not earn interest on cash that is held unused in client accounts. Regarding ""Exchanges pay firm for liquidity"", I am not aware of any circumstances under which an exchange will pay a brokerage any such fee. In fact, the opposite is the case. Exchanges charge participants to transact business. See : How the NYSE makes money Similarly, market makers do not pay a broker to transact business on their behalf. They charge the broker a commission just like the broker charges their client a commission. Of course, a large broker may also be acting as market maker or deal directly with the exchange, in which case no such commission will be incurred by the broker. In any case, the broker will pay a commission to the clearing house."


"Ah .. I don't know Chicago very well, but several classmates ended up there and report that real estate + tax are expensive. Here in Philadelphia, several marginal neighborhoods are in the middle of a real estate boom (some say bubble). People are demanding new construction, but don't care where it is. 600k for a row home is pretty common in Kensington. Same old gentrification story .. first the artists moved in for cheap rents, then coffee shops and then the developers. For those not aware, those parts of Kensington was ground zero for the 1980's crack/crime epidemic .. only the most marginal of blue collar workers couldn't afford to leave. Sounds like Gary, Ind got themselves on the wrong side of that line. Maybe in a couple decades it will get ""rediscovered"". Kinda sad, but we do have a history of letting places fail (eg. Wild West ghost towns)."


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I'm an international student in my sophomore year. I'll get one more year to have job experience after I get my degree(I'm in the USA). Do you think it'll be beneficial if I go for CFA?(wiki says it takes 4 years on average to earn CFA charter). Also, I'm aiming for corporate finance.


"If you're looking for an analogy or exercise, I saw a personal finance show that had people climb stairs, with the debt as weight. Every flight of stairs more ""interest"" and loans to cover income gaps have to be added to the total debt they carry up the stairs. Can't find the video online though. But I think you need to ask your brother what he thinks his problem is, that will be solved with more loans. It's likely that your brother's problem can't be solved with advice. Since he's not spending rationally, rational arguments have no sway. I suspect he'll tell you his problem is one or two angry creditors, perhaps even ones you don't know about, rather than a fundamental imbalance between income and expenses. Robbing Peter to pay Paul, or moving weights from one backpack compartment to another, doesn't solve the underlying problems. Whatever you do, another loan from you should be off the table. He's an adult now, with problems the size of which you can't help with. We both know how his story ends: all creditors cut him off, and he's in court over garnished wages and creditors fighting over his assets. Reality is the only argument that will have any sway. He's far too personally invested in his scheme to admit defeat, which is why neither words not images nor moving pictures will help him with this learning disability."


Yeah I can see why restaurants don't hold reservations. Probably so many people no show with no consequences. They would rather make sure there's an ass in that seat. Rental places are usually paid in advance, at least a deposit. So I don't see any excuse for them. They're literally just lying to you.


"check the DATE OF SERVICE on all your invoices carefully. It's possible you actually DID pay already. Sometimes when a medical provider gets ""mostly"" paid by a third party insurer, they just drop the (small) remainder, as it's more cost than it's worth if it is a trivial amount. Alternatively, they wait until you show up for another office visit, and ""ding"" you then!"


The solution is most definitely not P2P. Do you remember when Skype used P2P to route its traffic through your home internet, slowing your browsing and streaming? Imagine if YouTube used P2P distribution. This also doesn't work for serving up new videos, as you absolutely NEED an updating main page with DNS in order to disseminate new content even if you're going to share it via P2P. There are no websites out there that work solely via P2P torrenting. Site hosting costs money. YouTube historically has been operating at a loss because of its massive hosting bills. They're providing a service for you to consume for free. It's naive to think that P2P solves this cost issue. Even if you somehow implemented a site that used P2P DNS and P2P web traffic, it'd still require the end-user to pay money in order to host it. It would just offset the costs from the website-owner to the website-user, and create a ton of negative externalities. Your internet connection would be tied down by other people accessing content, and you'd likely see data caps instituted and your monthly ISP bill would go up. We have a workable tradeoff at the moment, and it's taken popular sites a while to make it so. Ads pay for your web experience, and they will continue to do so until the majority of users are comfortable with a site-based subscription model.


Never even heard of Mo's Bows, but pushing this story to get PR? He isn't even doing anything, his mum is doing all of it for him. The guy who created Mrs Bow Tie (which, if you're into bow ties like me, is a way better place to shop) created that brand when he was undergoing chemo for Stage 4 cancer at the age of 21! I only know that because it's on their website. You don't see his sob story everywhere!


No matter how the money was received/inherited by the parent, the receiver of the gift (in this case the child) will not owe any taxes. If it is below the annual gift exclusion the parent will not owe any taxes or need to fill out any forms. If it is above the annual exclusion then it will depend on how the money was transfer to the child/grand children. One check to the family would not be a good way for the parent to distribute the funds. A check to each person in the family unit (child, spouse, grand child) will allow a large amount to be transferred each year. Because the OP doesn't have a clear understanding of the source of the funds, and any taxes that might or might not have been paid at that time, and the parent isn't willing to discuss this information with the OP; the source of the funds is irrelevant to the answer. do I have to pay additional tax on the amount I receive from her? No.


I bought about $800 worth over a year ago and have since made a lot of money off of the investment. There are still opportunities to invest but I would do so cautiously as there is a lot of volatility. Still fun though and I would suggest people read about how bitcoin works, along with the pluses/minuses.


That's exactly what I'm talking about. You're literally just twisting my words and pretending I said something I didn't. Enjoy doing that. Those of us in the real world will be just fine without you and your false views of how thinngs work.


Have you looked at OptionsHouse? They charge $2.95 per trade and are one of the lowest when it comes to fees. Bare bones interface, but fast execution.


It this a real situation or is it a made up example? Because for a stock that has a last traded priced of $5 or $6 and volume traded over $4M (i.e. it seems to be quite liquid), it is hardly likely that the difference from bid to ask would be as large as $1 (maybe for a stock that has volume of 4 to 5 thousand, but not for one having volume of 4 to 5 million). In regards to your question, if you were short selling the order would go in exactly the same as if you were selling a stock you owned. So your order would be on the ask side and would need to be matched up with a price on the bid side for there to be a trade.


IMO it's evident that these Uber investors just want Kalanick to go away. IDK if all of the investors feel the same way .. if I were an investor, I would want Kalanick to continue to assist the company with strategic direction (so long as he can stay in his lane and avoid being a source of court intrigue). The concept of using a mobile app to request car service seems obvious in hind sight. It's easy to forget how rapidly Uber devoured an entire industry in < 5 years .. and that was largely based on Kalanick's vision.


This is why we need to get rid of the vultures that buy up property on the cheap, hoard it, and rent it out at a ridiculously inflated price. The U.S., Australia, Canada, and others alike are in need of housing reform terribly. As the article stated, eviction is not just a condition of poverty, it is a cause of it!


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Many Americans ingest statins to lower cholesterol levels. But several studies, as unearthed by Fisher Capital Management Korea Reviews, show that cholesterol-friendly foods, like tree nuts and soy products, help lower bad cholesterol levels or LDL. In the Journal of the American Medical Association, a study showed that LDL cholesterol levels were decreased by 13%, for people who ate healthy diet with low cholesterol foods. There was a 3% decrease for those who ate a diet low in saturated fats. Dr. David Jenkins, lead author of the study and a professor of metabolism and nutrition at the University of Toronto, said that it is possible for people to lower their cholesterol through proper diet. This can be small changes they can make in their lives, if they really want to stay conscious about their cholesterol levels. Jenkins created a “portfolio diet” that combined foods to lower cholesterol and prevent heart disease. It includes daily consumption of vegetables, oats, and barley as well as tree nuts. The diet plans to use soy-based products to substitute meat and plant sterol-enriched margarine to replace butter. Dr. Jane Klauer, an internist based in New York who specializes in nutrition and metabolism, says that this lowers the risk for any cardiovascular disease. She continues that the diet creates a positive change in cholesterol levels. Dr. Walter Willet, professor of epidemiology and nutrition at the Harvard School of Public Health, insists that there are greater benefits if you replace dairy products and red meat, which are possible sources of saturated fat, to soy products and nuts, rather than with carbohydrates. Before doctors suggest medications to lower cholesterol, they usually advice patients to modify their diet and lifestyle. If this doesn’t work, they readily prescribe statins, which minimizes the production of cholesterol in the liver. Eating fruits, vegetables, lean poultry, fish and whole grains are also suggested to reduce risk of cardiovascular diseases. The study may have lasted only six-months for follow-up, but Fisher Capital Management Korea Reviews believe there has to be a longer period to understand its effects. They also noted that the diet was plant-based, which many meat-eaters will find it difficult to maintain.


The book HOLD: How to Find, Buy, and Rent Houses for Wealth by Chader et al. was one of the best I've read on the subject. It has all of the basics, explanations, examples, and gives you real-life assumptions for your inputs when you do your analysis. It does contain some less-relevant information now that was more realistic before 2007, but it's a worthwhile read (or listen). They have some good starter worksheets, as well, on their website to help you do your analysis, which I found useful despite already having my own.


One super-profligate man generates several orders of magnitude less economic activity than if 100,000 families had, say $100,000 each; less than he managed to spend. 100,000 families with that much more money would all be able to eat at restaurants, buy clothes (I don't care how big his, his wives, and his 18 kids closets are; we're talking something like a thousand orders of magnitude here) buy cars, and just generally create a thousand orders of extra economic activity here; their economic activity of buying would give further jobs to the sellers of all this stuff; which would in turn be able to buy stuff, and an economy recovers. *edit spelling, grammar


I've given my plumbers name to tons of people. I honestly go out of my way to recommend him when I see someone on twitter needs a plumber. The reason is because he's been great to me. Comes on time, we get along great. Gets things fixed quickly. Word of mouth is the best.


You should always always enroll in an espp if there is no lockup period and you can finance the contributions at a non-onerous rate. You should also always always sell it right away regardless of your feelings for the company. If you feel you must hold company stock to be a good employee buy some in your 401k which has additional advantages for company stock. (Gains treated as gains and not income on distribution.) If you can't contribute at first, do as much as you can and use your results from the previous offering period to finance a greater contribution the next period. I slowly went from 4% to 10% over 6 offering periods at my plan. The actual apr on a 15% discount plan is ~90% if you are able to sell right when the shares are priced. (Usually not the case, but the risk is small, there usually is a day or two administrative lockup (getting the shares into your account)) even for ESPP's that have no official lockup period. see here for details on the calculation. http://blog.adamnash.com/2006/11/22/your-employee-stock-purchase-plan-espp-is-worth-a-lot-more-than-15/ Just a note For your reference I worked for Motorola for 10 years. A stock that fell pretty dramatically over those 10 years and I always made money on the ESPP and more than once doubled my money. One additional note....Be aware of tax treatment on espp. Specifically be aware that plans generally withhold income tax on gains over the purchase price automatically. I didn't realize this for a couple of years and double taxed myself on those gains. Fortunately I found out my error in time to refile and get the money back, but it was a headache.


Ok, you definitely have the background to talk shop then. I can't get into much color until I head home so I'm going to bookmark this and come back to it in 8ish hours. I would be interested to hear your opinion on a few things.


You can buy anything low and sell high. I've been buying hype sneakers, clothes, and popular concert tickets and selling them for more on apps like GOAT, StockX, StubHub, or on local Facebook groups! Buying stuff from yard sales can be useful too! If you have some around you, sometimes they'll have BRAND NEW stuff that you can sell on eBay or something similar! I've made a goal for myself to hit $10k by flipping stuff, and I'm currently at $6k!


> You can't find anyone else who would pay you more, or you would have left. That's a reflection of what you have to offer the world. Your comment was thoughtful, and this last bit in particular I feel is like something that I've been wrestling with for a while. It's a very libertarian view as you probably know. It makes a lot of sense to me, but I can't help to think of some possible flaws and wonder what you think: 1. Availability of work: If somebody has a choice between no job and being grossly underpaid, wouldn't the choice be between having no money and a little money at that point? Doesn't that run the risk of exploitation? Wouldn't exploitation be working for less than what you're worth? 2. Value: Unskilled pretty much means replaceable. They don't give a shit if you come or go, and vice versa. That's not a reflection of a job's worth to the company, nor is a real reflection of how difficult it is. There's no competition for wages. Eventually workers get sick of it and leave, not expecting improved wages elsewhere but a job they can deal with for 40 hours per week. But there are always more people in need to take their place, so the company has no incentive to raise wages. Like you said, it *is* a reflection of what you have to offer to the world, in a sense that your skills are not uncommon. However, is this everything? The world *needs* unskilled labor to run. Is there something wrong with being a cashier? A doorman? A guy who unpacks the trucks that carry the things we all use? No, the world *needs* these people...should people who are needed have jobs that don't allow for them to meet basic living standards? 3. Expectation: The only reason why most people won't work for less than 8 or 9 dollars/hr, expect reasonable flexibility to balance work and personal life, don't expect to be forced to work more than 8-9 hours per day, have weekends off, and those working 40 hrs/week demand holiday pay/sick days/access to insurance/vacation time, is because that's what people expect out of a job in this day and age. None of these things are law (i think). People used to be treated considerably worse by their employers, and likely there will be a time when people will think that the people of our day were stupid for settling for less. The labor movement has done much in this regard. > Maybe, instead of bitching that you are paid shit wages, you should ask why you ever expected to earn more after failing to acquire any skill a teenager couldn't master in a week. 4. Everyone's solution?: Let's say everyone learns to do a skilled job, who will be left to do the unskilled jobs? Someone will have to do them. Some countries have hordes of college educated workers working unskilled jobs, because of the high % that go to college. Ok, so then leave it to merit. Does merit always work though? What about nepotism? Personality, when it doesn't matter for the job? Age, Race, Sex, Ethnicity...think these play any part in the hiring process? If all else fails, not everyone can be expected to be a successful entrepreneur. 5. Life: Life can throw you some curveballs, and people make mistakes. Some tend to pay for them more than others. Some have talent, others don't. Some are born with money, some not. Some have a large and caring family, others have no family at all. Again, I'm not saying these things necessarily invalidate your original point, but it's something to consider. Your thoughts?


">Then you are using the word ""passive income"" wrong My point is that the problem goes beyond ""passive income"". Sure, utilising unethical tax and debt avoidance strategies isn't a passive method that requires no effort, but it's obviously not a good thing either. >50%+ of the population isn't intelligent enough to even do this. Stock market speculation is just one example. There are a lot of wealthy people who are much less intelligent and work much less than people who have only a fraction of their wealth. I certainly hope you're not suggesting that wealth is necessarily, or even usually an indicator of intelligence or work ethic. >I still don't know where you even got this idea. I've read the book and he doesn't even really talk about this. Are you joking? ""Poor Dad"" is portrayed as a pitiable piece of shit because he has integrity and works an honest job. ""Rich Dad"" is some kind of fucking superhero because instead of contributing to society in some way, his priority is to constantly generate wealth and continue to grow like cancer. ""Rich Dad"" detracts from society, and in a remotely fair system his wealth would reflect his contributions, not his willingness to manipulate others. >You're right, it isn't, which is why most people don't do it for a living. Oh, so becoming obscenely wealthy at the expense of others would be acceptable in your idea of a perfect society? Hell, If we're going to take such a Darwinian 'survival of the fittest' approach to society, why not just remove all welfare programs and let the wealthy among us continue to buy politicians until they pay no taxes and everyone else subsidises their lifestyle? Oh wait, we're already doing exactly that. I would rather things get worse than stay the same. It is clear that people need to hurt more before they wake up to see who is responsible for their rapidly declining quality of life."


In your position I would use one of the existing Polish currency exchange platforms (you can find a list here: http://jakikantor.pl). A few of them have bank accounts in Britain so the exchange rate will be close to market price.


Unless there is a compelling reason to do so, like reducing interest charges, IMO you shouldn't do this. The fact that the bank teller or a computer files a CTR doesn't imply that you are doing something improper -- it is simply a regulation that banks are required to adhere to. Millions of CTRs are probably filled out over the course of the year. It doesn't add more time to your transaction, nor does it impact your tax or other liability. Learning about this stuff can instill a sense of paranoia. Don't fall victim to that -- these are measures in place to make it more difficult to dodge taxation and launder money.


This is correct. The most rapidly expanding areas in finance resemble computer science more than they resemble traditional finance. The compliance and legal side of things, however, is only getting more and more complicated. At my firm, the compliance personnel outnumber the traders three to one.


> is there anything that Excel on a Mac will really put me at a disadvantage? Yes. Dozens of things. Solver, for the most basic. Get Windows/Boot Camp or virtualization software for Windows like VMWare or Parallels. Excel on Mac (and office, in general) is garbage and vastly inferior to the Windows version. The b-school at my undergrad flat out refused to allow students to use Excel for Mac.


"Weird. He can call it a fraud, yet he cannot point to the fraudsters implied by his statement, unless he believes his own daughter committed fraud by buying, and I imagine at some point selling some bitcoin. This doesn't feel like a complete thought overall. He likes ""blockchain"" as a technology, he sees the value of bitcoin to escape oppressive regional monetary policies, but he somehow stops of accepting where that train of thought would naturally take him, perhaps because the conclusion is completely alien to everything he knows."


When I did this I sold the stock out of my 401k account. Then transferred the cash to my rollover IRA account. No tax event was created for me. Make sure your rollover IRA account is listed as tax deferred. If this still doesn't work for you then it could be a bug in Quicken and your best bet is the Quicken forums. Good luck.


That's exactly what happened to me except on Fiverr. I had months of activity and hundreds of 5-star reviews. I had real clients. Repeat buyers. Real business relationships. Then one day they deleted both of my accounts (I had one for buying and one for selling). Apparently, buried somewhere in their terms of service, users aren't allowed to have more than one account. I didn't even try to hide it- my usernames were nerdi and nerdi2. They even made me wait months and submit I.D. just to be able to log in and withdrawal my earnings. So much for that.


If you are earning a salary, go for Roth IRA. You can contribute $5500 (2013 limits) every year . Once you open a account , let say Fidelity or Vanguard, you should invest based on risk appetite into some funds. the advantage is that your money grows tax free and when you are 25- 30 years old and need money for down payment of house, you can pull the money out with out any penalty. The gains you have made will continue to be in that account till the time your retire, growing every year.


The only use of options that I will endorse is selling them. If you believe the market is going down then sell covered, out of the money, calls. Buying calls or buying puts usually wastes money. That is because of a quality called Theta. If the underlying security stays the same the going price of an option will decrease, every day, by the Theta amount. Think of options as insurance. A person only makes money by selling insurance, not by buying it.


It's been a PR free-for-all with these hurricanes. It's kind of disgusting. Google was giving free phone repairs to Pixels that nobody will ever use but they spent a whole day bragging about their good deed. Many others did similar victory laps.


Off the top of my head, a broker: While there are stock exchanges that offer direct market access (DMA), they (nearly) always want a broker as well to back the first two points I made. In that case the broker merely routes your orders directly to the exchange and acts as a custodian, but of course the details heavily depend on the exchange you're talking about. This might give you some insight: Direct Market Access - London Stock Exchange


Residents pay tax on all of the income they receive during the calendar year from all sources, so you'll at least need to file and pay New York state income taxes on this money regardless. I can't answer whether you'll need to file and pay Colorado state income tax on this money as well. Generally speaking, you need to file a return for each state in which you live, receive income, or have business interests. If you are required to file a Colorado state income tax return, however, you can claim a credit for taxes paid to another state on your New York state income tax return using form IT-112-R (see the form and instructions).


The quant aspect '''''. This is the kind of math I was wondering if it existed, but now it sounds like it is much more complex in reality then optimizing by evaluating different cost of capital. Thank you for sharing


I'm not certain I understand what you're trying to do, but it sounds like you're trying to create a business expense for paying off your personal debt. If so - you cannot do that. It will constitute a tax fraud, and if you have additional partners in the LLC other than you and your spouse - it may also become an embezzlement issue. Re your edits: Or for example, can you create a tuition assistance program within your company and pay yourself out of that for the purposes of student loan money. Explicitly forbidden. Tuition assistance program cannot pay more than 5% of its benefits to owners. See IRS pub 15-B. You would think that if there was a way to just incorporate and make your debts pre-tax - everyone would be doing it, wouldn't you?


"Why would a bank buy government bonds? Why couldn't they just deposit their money in another bank instead? Generally, banks are limited by laws and regulations about how much they must set aside as reserves. Of the money they receive as deposits, they may loan a certain amount, but must keep some as a reserve (this is called ""fractional reserve banking""). Different countries have a different amount that they must set aside in reserves. In countries where bank deposits are guaranteed, there is almost always some upper limit to how much is guaranteed. The amount of money that a bank would deposit in another bank would be far greater than the guarantee."


I don't know what his problem is. IBM has been spending like drunken sailors on acquisitions for years now. IBM is being managed by half-wits who think financial engineering (stock buy backs, restructuring, M&A) is as good as actual engineering. Meanwhile the company has missed every significant technological shift since the 1980s. So if they make a massive, huge, great big acquisition you can be sure they'll pay too much for it, be unable to integrate it, and end up writing it down. After all, they are consistent in their incompetence. IBM shareholders have to fire the board. Once a new board is in place they can fire all of senior management and replace them with people who have at least a degree of competence. Most likely the company will just continue on its course to oblivion.


If I claim that I have a goose that lays golden eggs, that does not make it so. What a nation _claims_ has absolutely no relevance when you look at the actual facts. Nazi germany committed genocide no matter what they claimed, and the Soviet union was as capitalist as any other country, no matter what they claimed, with the added bonus that you couldn't even work your way up in society, the classes of society were decided by The Party. Pinochet was a free market dictator, yet you never hear him used as an example of how free market policies automatically turns into authoritarianism, genocide and a police state. And who would say that? It's absurd, and it's equally absurd to say that socializing schools or hospitals in a automatically leads to Gulags. Of course, an expansion of the state mixed with a dictator would probably be surprising if it _didn't_ lead to repression, regardless of claimed ideology. The one thing authoritarian countries have in common is a big, militarized state, the illusion of ideology always comes in second. Not all flavors of socialism wants a state, mind you. So in one way, ironically, a country like the US is probably closer to authoritarianism than a country like mine (Sweden), even though we are clearly more socialist.


I remember my Finance Professor at b-school answering this question: The next moment the dividend is paid the total market cap is decreased by the amount paid This makes sense as cash leaves company, the value of the company is decreased by exactly the same amount. To summarise: the moment you paid dividend, the value of the stock is decreased by the same amount.


Disclaimer: I am not Canadian and have no experience with their laws and regulations. There really aren't any safe short term investment options at the moment (with interest rates being close to zero). So, just put the money aside you will need for the car and the computer, maybe on a callable savings account to make at least a few Dollars. Do not take out any loans, it is very unlikely you will earn more than the cost of the loan. You didn't say how much will be left but, unfortunately, it really is not much to go on anyway. Considering that you seem to have enough income to cover your expenses, you could transfer the rest to your RRSP, invest and just forget about it. I suggest to follow this rule of thumb: the growth portion of your portfolio, which for you means equities, should be directly related to the number of years you won't need to touch these funds. 1 year, 0 equity. 2 years, 10%, 3 years, 20%, and so on. What's not in equities, you could put in short term bonds, meaning an average duration of about 3 years. Needless to say, single stocks/bonds are out of question, ideally you can find 2 ETFs, one for stocks and one for bonds, respectively. However, if there is any possibility you did not mention that you could suddenly depend on this money, you have to keep your equity exposure, and thus your potential earnings, low. Just a humble thought: i really don't know your specific situation, my apologies if I'm out of line. Often disability means that you are not capable of doing one particular thing anymore, i.e. work physically. Just maybe you would still be capable to do some other type of work, maybe even from the comfort of your home, that would allow you to generate a certain income (and also keep you busy). I hope this helps. Good luck.


"Going off hearsay here. I believe your question is. ""Does not having a credit card lower your credit score"" If that is the question then in the UK at least the answer appears to be yes. Having a credit card makes you less of a risk because you have proven that you can handle a little bit of debt and pay it back. I have a really tiny credit history. Never had a credit card and the only people who will lend to me are my own bank because they can actually see my income / expenditure. When I have queried my bank and at stores offering credit they have said that no credit history isn't far off a bad credit record. Simply having a credit card and doing the odd transactions show's lenders you are at least semi-responsible and is seen as a positive. Not having a credit card and not having much else for that matter makes you an unknown and an unknown is a risk in the eyes of lenders."


"The Wall Street Journal says in its ""For Consumers"" section of its infographic: There's also some new agencies (including a ""consumer watchdog agency""), and some new rules the SEC can implement, and it lets state pass more laws affecting national banks, but it doesn't look like there's much in particular that it does for consumers right away. Source - http://online.wsj.com/article/SB10001424052748704569204575329211031691230.html"


Hopefully is a very good term. It remains a fact because in the current scenario of low growth, companies don't see much of a reason to invest, and all evidence points agrees. So what are companies doing with all the extra cash they are getting from the rich? They are either buying back their own shares (which is a divestment), or they are doing mergers and buyouts, which are both at record highs at the moment. Here too evidence points that neither of these are actual productive activities. Share buy backs only inflate the share price without actually changing the market cap, as there are less shares in the market. Mergers have a strong track record of being expensive and ultimately bad investments that do more to erode value than they do to increase it. Then of course, there are the fees from the finance industry that are from these investments, share buy backs, and mergers that are just added into the spinning wheel without actually impacting the real economy.


This is exactly how I feel. I've been doing contract design for the last 5 years. I've made an OK salary, not quite as much as I could in the corporate world. But I don't have any one to answer to but myself, which means more to me than the extra money I could be making.


"I separate them out, simply because they're for different purposes, with different goals and time-frames, and combining them may mask hidden problems in either the retirement account or the regular account. Consider an example: A young investor has been working on their retirement planning for a few years now, and has a modest amount of retirement savings (say $15,000) allocated carefully according to one of the usually recommended schemes. A majority exposure to large cap U.S. stocks, with smaller exposures to small cap, international and bond markets. Years before however, they mad an essentially emotional investment in a struggling manufacturer of niche personal computers, which then enjoyed something of a renaissance and a staggering growth in shareholder value. Lets say their current holdings in this company now represent $50,000. Combining them, their portfolio is dominated by large cap U.S. equities to such an extent that the only way to rebalance their portfolio is to pour money into bonds and the international market for years on end. This utterly changes the risk profile of their retirement account. At the same time, if we switch the account balances, the investor might be reassured that their asset allocation is fine and diversified, even though the assets they have access to before retirement are entirely in a single risky stock. In neither case is the investor well served by combining their funds when figuring out their allocation - especially as the ""goal"" allocations may very well be different."


The standard goal of valuing anything is to seek the fair price for that thing in the open market. Depending on what is being valued, that may or may not be an easy task. eg: to value your home, get a real estate appraiser, who will look at recent market sales in your area, and adjust for nuances of your property. To value your loan guarantee, you would need to figure out what it is actually worth to the business, which may be difficult. In a perfect world, you would be able to ask the bank to tell you the interest rate you would have to pay, if the loan was not guaranteed. This would show you the value you are providing to the business by guaranteeing it. ie: if the interest would be $100k a year unguaranteed, but is only $40k a year guaranteed, you are saving the business $60k a year. If the loan is to last 5 years, that's a total of $300k. Of course, it is likely the bank simply won't offer you an unguaranteed loan at all. This makes the value quite difficult to determine, and highlights the underlying transaction you are considering: You are taking on personal risk of loan default, to profit the business. If you truly can't find an equitable way to value the guarantee, consider whether you understand the true risk of what you are doing. If you are able to determine an appropriate value for the loan, consider whether increasing your equity is fair compensation. There are other methods of compensation available, such as having the company pay you directly, or decrease the amount of capital you need to invest for this new set of equity. In the end, what is fair is what the other shareholders agree to. If you go to the shareholders with anything less than professional 3rd party advice (and stackexchange does not count as professional), then they may be wary of accepting your 'fee', no matter how reasonable.


You don't see Buying and Selling. You see Bid and Ask. Best Bid--Highest Price someone is willing to pay to buy a stock. Best Ask - Lowest price someone is willing to accept to sell a stock. As for your second question, if you can look up Accumulation/Distribution Algorithm and Iceberg Order, you will get basic idea.